MIDA Receives Top Investment Promotion Agency 2019 Award - Asia Pacific Category
MIDA has once again won the Top Investment Promotion Agency 2019 award in the Asia- Pacific National category by the Site Selection, together with the EDB Singapore. The agency won the same award in 2015 and 2016.
Approved Investments in the Manufacturing, Services and Primary Sectors Chart RM201.7 Billion in 2018
Malaysia is set to leverage on the improving trend of private investments bolstered by the positive sentiments arising from the new Government's supportive policies and clear economic direction. This is reflected in the total approved investments in the manufacturing, services and primary sectors, which has increased from RM200.6 billion in 2017 to RM201.7 billion in 2018. Foreign investors continue to capitalise on uniquely Malaysian ecosystems and its regional synergies as FDI increased by 48% from RM54.4 billion in 2017 to RM80.5 bil in 2018.
Malaysia's Industry 4.0 Readiness Assessment
Industry4WRD Readiness Assessment (RA), which was launched together with the National Policy on Industry 4.0 titled "Industry4WRD" is a comprehensive programme to help a company assess their capabilities and readiness to adopt Industry 4.0 technologies and processes. The assessment uses a pre-determined set of indicators to understand their present capabilities and gaps, which will enable the company to prepare possible strategies and plans to move towards Industry 4.0.
USHERING 2019 WITH THE NEW FINANCE BILL 2018
In its effort to reduce leakages while ensuring efficient taxation, the Malaysian Government through Budget 2019 announced several changes in the current tax treatment. A point to note, however, was the Government's quick response to industries' concerns on the limitation of unabsorbed capital allowances. The limitation was lifted before the gazette was done on 27 December 2018. Such action is an attestation that Malaysia is a business friendly destination that is pragmatic and practical in introducing new policies. MIDA trusts that this simplified extract of the major changes will provide more clarity for businesses to usher in the new year.