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e-Newsletter 2018

Topics highlighted in this e-newsletter are insights and updates on investments related to both the manufacturing and services sectors, industry focus, economic news as well as the various events organised by MIDA. Register here now.

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MIDA Newsletter - March 2018 Issue

REQUIREMENTS FOR MANUFACTURING LICENCE

The Economic Census 2016 on Establishment Statistics by the Department of Statistics revealed that the number of business establishments in Malaysia increased from 662,939 in 2010 to 903,818 in 2015 with an average annual growth rate of 6.4 per cent. The number of establishments in the manufacturing sector totaled 48,806 or 5.4 per cent of the total establishment in 2015.

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MIDA Newsletter - Feb 2018 Issue

APPROVED INVESTMENTS IN 2017 RECORDED RM197.1 BILLION

Last year, the global economy proved fairly resilient in the face of challenges. Despite being affected by inward looking policies by major economies, the year turned out to be better than expected with these economies growing in sync for the first time since the global financial crisis in 2010. According to a new finding by Grant Thornton's quarterly business survey, global business confidence improved at its highest ever level of 58% in Q4 2017. This was also the case for Malaysia as its economy exceeded all expectations and recorded a strong growth of 5.9% as at the end of 2017. This performance is above the GDP registered in the preceding years of 4.2% and 5.0% in 2016 and 2015, respectively.

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MIDA Newsletter - Jan 2018 Issue

LEVERAGE ON ACA TO INCREASE COMPETITIVENESS

The Automation Capital Allowance incentive which has been introduced by the Government in 2015 is divided into two categories. The first category is for high labour intensive industries namely rubber products, plastics, wood, furniture and textiles. The automation capital allowance of 200% is provided on the first RM4 million expenditure incurred within three years of assessment from 2015 to 2017. Under the 2018 Budget, the incentive for the first category was extended until YA 2020.

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Last Updated : Tuesday 22nd May 2018