ENSURING UNITY AND ECONOMIC GROWTH, INCLUSIVE PRUDENT SPENDING, WELLBEING OF THE RAKYAT
Amid the tepid economic landscape, Budget 2017 presented a pragmatic approach towards the nation’s aim in achieving a developed nation status by 2020. With the on-going market volatility, dwindling oil prices and headwinds in the global economic facade, the Budget 2017 forecasted the Malaysian economy to be between 4% and 4.5% in 2016 and between 4% and 5% in 2017.
DISF SET TO RE-ENERGISE THE DOMESTIC INDUSTRY PLAYERS
Domestic investment has always been recognised for its pivotal role in sustaining the nation's investment climate and as a catalyst for the presence of foreign direct investment. In its continuous effort to strengthen and enhance the country's domestic investment, the Government announced the Domestic Direct Initiative in 2012.
MALAYSIAN PRIME MINISTER ENGAGES CHINESE BUSINESS LEADERS IN BEIJING
Following the invitation by China's President Xi Jinping during his visit to Malaysia last year, Prime Minister Dato' Sri Najib led a delegation to Beijing to further enhance mutual trust and cooperation between the two countries as well as to deepen diplomatic relations between both sides. The visit made historic achievements with the signing of 14 agreements worth RM144 billion in various areas such as trade and investment, development of technology parks and supply of goods and services. This reflects that Malaysia has the right policies and conditions in place to attract foreign businesses.
ADOPT AUTOMATION, INCREASE PRODUCTIVITY
Unlocking the potential of productivity is a game changer in the 11th Malaysia Plan (2016-2020). The Government recognises that improvements in labour productivity through the continuous shift from labour-intensive to knowledge and innovation based economic activities are critical for Malaysia to achieve a more sustainable, inclusive and high rate of economic growth.
ATTRACTING AND RETAINING INVESTORS THROUGH FACILITATION SERVICES
Investor in Malaysia point to a 'strong partnership' and 'continuos support,advice and incentives' as hallmark of their experiences working with MIDA, the country's national key level economic development agency for nearly 50 years.MIDA is a national Site Selection Top Investment Promotion Agency of 2016. It won the same award in 2015.
YB MITI MINISTER LED TRADE AND INVESTMENT MISSION TO INDIA AND SRI LANKA IN MAY 2016
YB Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) led a six-day trade and investment mission to Delhi, Vijayawada, Hyderabad in India and Colombo, Sri Lanka in a continuous effort to promote Malaysia as a profit and regional centre for businesses and investments.
MIDA STREAMLINES INFORMATION ON INCENTIVES THROUGH ICCO
Recognising the need for the services sector to move up the value chain, the Malaysian Government formulated the Services Sector Blueprint which was launched by YAB Prime Minister in March 2015. One of the four policy levers outlined in the blueprint was the effective management of the existing incentive framework. To meet this objective, an Incentive Coordination & Collaboration Office (ICCO) has been recently established in MIDA. ICCO aims to improve the central coordination of all incentive offerings by the Federal Government. The objective of this initiative is to enhance the effectiveness of the government's incentive mechanism by increasing transparency, eliminating duplication and linking to performance.
MALAYSIA INVESTMENT PERFORMANCE 2015: DRIVING SUTAINABLE GROWTH
A moderate global growth was recorded in 2015, which declined to 2.4 per cent from 2.6 per cent in 2014, due to post-crisis lows in commodity prices, restrained capital flows and subdued global trade. Malaysia, however managed to retain its position as one of the top investment destinations despite the slow growth affecting many economies.
MALAYSIA, READY TO REAP POSITIVE IMPACT FROM TPPA
Malaysia and 11 other countries signed the TPPA at a ceremony in Auckland, New Zealand on 6 February 2016 aimed at expanding markets, reducing tariffs and promoting freer trade. The signing of the TPPA, which will represent approximately 40% of global GDP worth US$30 trillion (RM128 trillion) came after five years and 19 rounds of negotiations.
11TH MALAYSIA PLAN (2016-2020): MALAYSIA'S MARCH TOWARDS ECONOMIC GROWTH
The Eleventh Malaysia Plan (11MP), 2016 - 2020, is the last 5-year Plan before Malaysia is envisaged to achieve a high income status by 2020. Vision 2020, launched in 1991 envisions Malaysia as a fully developed country along all dimensions, economically, politically, socially, spiritually, psychologically, and culturally.
AEC AND MALAYSIA
Welcoming the ASEAN Economic Community (AEC), Malaysia together with its ASEAN members is gearing up towards achieving the goals of regional economic integration, following the 27th ASEAN Summit held recently in Kuala Lumpur.
MALAYSIAN ECONOMY REMAINS ON STEADY GROWTH PATH
The Malaysian economy continues to remain on a steady economic path and registered a GDP growth of 4.7 per cent in the third quarter of 2015(Q3 2015) (Q2 2015: 4.9%), driven by capital spending in the manufacturing and services sectors.
TPPA in a Nutshell: Malaysia's Perspective
The Trans-Pacific Partnership Agreement (TPPA) started as Trans-Pacific Strategic Economic Partnership agreement between Brunei, Chile, Singapore and New Zealand that came into force on May 1, 2006. In 2008, the United States expressed interest in entering into talks with the four countries to liberalise trade in financial services and soon, Australia, Vietnam and Peru followed suit.
MALAYSIA ANNOUNCES NEW MEASURES TO BOOST ECONOMIC GROWTH
In addressing the current global economic challenges, Malaysia recently announced new measures to boost its economic growth. This consists of short and medium-term initiatives, which are worth more than RM28 billion. These initiatives are targeted at various sectors, including the small and medium enterprises (SMEs), tourism and the capital markets.
MALAYSIA SUSTAINS GROWTH OF INVESTMENTS IN 1H2015
During the first half of 2015, approved investments in the various economic sectors totalled RM 113.5 billion, a slight increase of 1.3% (RM112 billion) as compared to the corresponding period in 2014. The services sector led the economy with RM 61.7 billion (2,071 projects), contributing more than half (5
INVESTOR CONFIDENCE IN MALAYSIA REMAINS HIGH
The Minister of International Trade and Industry (MITI), YB Dato' Sri Mustafa bin Mohamed said that investors' confidence in Malaysia remain high despite the global economic uncertainty. He said this when launching the World Investment Report (WIR) 2015, title "Reforming International Investment Governance", compiled by the United Nations.
MIDA HOSTS MINI SEMINAR ON PRINCIPAL HUB INCENTIVE - Leveraging Malaysia as the Principal Hub within the ASEAN Region
Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) organised a Mini Seminar on the Principal Hub (PH) Incentive at its HQ today. Representatives from foreign embassies and chambers of commerce based in Malaysia attended the seminar, which was officiated by YBhg. Datuk Phang Ah Tong, Deputy Chief Executive Officer of MIDA. The seminar featured a presentation on PH incentive as well as sharing of views by Panasonic on Malaysia as a preferred PH location within the region.
MIDA PAVILLION HOSTS MIMOS, TALENTCORP AND 5 LOCAL COMPANIES AT SEMICON SOUTHEAST ASIA - Showcase Malaysia's Dynamic Semiconductor Ecosystem
The Malaysian Investment Development Authority (MIDA) pavilion at the inaugural SEMICON Southeast Asia 2015 hosts Talent Corporation, MIMOS Berhad and five Malaysian companies, namely Inari Amertron, Acculex Corporation, Aemulus Corporation, Pentamaster Corporation and TTVision Technologies to showcase the dy- namic development of Malaysia's semiconductor ecosystem. These companies are total solution providers for the semiconductor industry and manufacturers of specialised process machinery & equipment.