GERAKAN'S extraordinary general meeting has ended, with doubts still lingering over the embattled party's future. Penang Gerakan chairman Datuk Dr Teng Hock Nan may have survived the the motion of no-confidence against him, but he still faces a significant number of party members deeply unhappy with his leadership, with a difficult election on the horizon. Read here.

The outcome of the motion of no-confidence has left dissenting Gerakan members with little choice but to unite under Teng's leadership. Read here.

National Instruments (NI) will begin the construction of a US$40mil manufacturing facility in Bayan Lepas, Penang, within the first half of 2011. “About US$80mil has been allocated for our operations in Penang over a 10-year period. Some US$40mil of this amount is for the manufacturing facility, which is the first phase of the project,” said NI (Penang) managing director Rajesh Purushothaman. Rajesh added that 28% of NI's revenue comes from the Asia-Pacific region in the first half of 2010, an increase of 3% since last year. Read here.

Meanwhile, Pentamaster Corporation Bhd has announced its proposal to dispose of its Penang assets for a total consideration of RM50mil. The company says the reason for the disposal is primarily to reduce its collaterised loan obligation due in October 2011. Read here.

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