The agency shared that local companies can be part of this journey through the Penang Internship Subsidy Programme (PISP), a talent development programme.
Penang aspires to attract 150,000 knowledge workers over the next five years. This, according to the Malaysian state government’s principal agency InvestPenang's statement, is to meet strong influx of strategic investments into Penang with a healthy talent pipeline development.
In the statement, it was added that the government "remains committed to deepening and broadening Penang’s talent pool" through a variety of initiatives that are "critical to attracting strategic investments". And one of the initiatives, as shared, is Penang Internship Subsidy Programme (PISP), a talent development programme.
With this in place, qualified local companies receive a monthly allowance subsidy amounting to RM300 per intern for a maximum period of six months when it recruits talent throughout 2022.
At the moment, there are nine local companies that have qualified: Ann Joo Steel, CG Solutions Enterprise, Greatech Integration, Inari Technology, Infinecs System, Operion Ecommerce & Software, Skyechip, UWC Industrial, and ViTrox Corporation. Local companies that are interested can apply to be part of this initiative before 31 December 2022.
For context, InvestPenang revealed that Penang’s approved manufacturing investments hit "a record high" of RM76.2bn, a surge of 440% year-on-year. It continued that Penang’s 2021 record "significantly outpaced the past performances", which exceeded the cumulative investments garnered from 2012 to 2020 (RM73.1bn).
"According to the data from the Malaysian Investment Development Authority (MIDA), Penang’s investment inflows in 2021 involved 111 projects, which is estimated to create 12,024 job opportunities," said in the statement.
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