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MIDA Launches Its Istanbul Office As A Gateway For Malaysia-Turkey Crossflow Investments

Istanbul, Türkiye, 30 September 2022 – MIDA’s newest office in Istanbul is set to provide Malaysia and Türkiye new economic opportunities and drive the steady growth of Malaysia-Turkiye’s bilateral trade relations. MIDA Istanbul will serve as a gateway for aspiring Turkish investors who wishes to expand their businesses in Malaysia and vice-versa. Investors will be able to gain access to the latest information on investment policies and opportunities, joint venture partnerships or technological collaborations.

The launch of the MIDA Istanbul Office was officiated by the Malaysian Senior Minister and Minister of International Trade and Industry (MITI), the Honourable Dato’ Seri Mohamed Azmin Ali. Also present at the event were MITI Secretary General, Datuk Lokman Hakim Ali; MIDA Chief Executive Officer (CEO), Datuk Wira Arham Abdul Rahman; MATRADE CEO, Datuk Mustafa Abdul Aziz; Consul General of Malaysia in Istanbul, YM Tengku Mohd. Dzaraif Raja Abdul Kadir; President of Invest in Türkiye, Mr. A. Burak Dağlıoğlu and Mr. Catagay Ozden, Head of Department South Asian Countries, Ministry of Trade, Türkiye.

Many business opportunities await Turkish investors, particularly in the fields of machinery and equipment, aerospace, ICT, digital investment, food manufacturing including the Halal segment. Over the years, many factors have enabled Malaysia to attract quality investments, which include, its unmatched connectivity and business friendly policies. Furthermore, as Malaysia is centrally located within Southeast Asia, the country serves as the prime gateway for Turkish investors to penetrate the ASEAN market. Similarly, Türkiye is also strategically located at the crossroads of Europe, Central Asia, Middle East and North Africa. Malaysian companies could consider using Türkiye as a base to tap into the large European market as well as the emerging markets of Central Asia and the Middle East.

The Honourable Dato’ Seri Mohamed Azmin remarked,“The establishment of MIDA’s office in Istanbul serves two very fundamental and critical purposes. First, it plays an instrumental role as a gateway for businesses who wish to expand their commercial interests and investment horizons in Türkiye and beyond, including adjoining regions such as the Middle East and the European Union. This will be in tandem with Malaysia’s initiative in enhancing our cross border investments. Secondly, but no less significantly, this office will act as a magnet to draw greater investments from Türkiye and the region into Malaysia, and thereby leverage our position as a springboard for expansion in the ASEAN region and beyond.“

“Hence, the opening of MIDA’s office in Istanbul is most timely in order to fully exploit the potential upside for enhanced Turkish investments in manufacturing and services, particularly in the areas of advanced manufacturing, machinery and equipment, aerospace, digital investment, ICT and food manufacturing including the Halal segment. This is in tandem with our National Investment Aspirations (NIA). I would like to underscore that our growth policy also prioritises the imperative of ensuring that SMEs ride on the value and supply chain. These initiatives will also empower companies and businesses to automate their processes, and be cost-efficient in meeting industry demands while mitigating social and environmental impacts.“ added the Honourable Dato‘ Seri Mohamed Azmin.

In terms of Türkiye’s investments in Malaysia, as of June 2022, a total of 14 manufacturing projects were approved with total investments worth RM525.2 million (USD156.3 million). Among sectors of the approved manufacturing projects include scientific and measuring equipment, textiles and textiles products, chemical and chemical products, food manufacturing; and electrical and electronics products. Four manufacturing projects with Turkish investments worth RM377.93 million (USD111.6 million) have been implemented in Malaysia.

Meanwhile, MIDA CEO, Datuk Wira Arham Abdul Rahman in his welcoming speech, said, “Apart from helping MIDA to attract new investment opportunities into Malaysia, the country is looking for new collaborations to grow together and the launch of MIDA’s office in Istanbul will help us extend our outreach programmes with trading partners of Türkiye, which includes countries like Russia, Greece, Cyprus, Azerbaijan, Georgia and the 7 “Stan” countries in Central Asia. We also aspire to promote Malaysia’s culture, warm hospitality and other diverse elements of our country to new communities and societies.”

“I am confident that opening the MIDA Istanbul Office will further enhance bilateral trade between the two countries and cross-border investments between Türkiye and Malaysia. Turkish investors who are interested in seeking joint venture partnerships or technological collaborations with Malaysian businesses, can get all the necessary information from this office.” he also added.

In applauding the strategic partnership with MIDA, Mr. A. Burak Dağlıoğlu, President of Invest in Türkiye said, “Türkiye and Malaysia are regional business hubs for their respective regions. Over the years, Malaysian companies have invested approximately USD1 billion in Türkiye. These investments are mainly in energy, finance, infrastructure and transportation, retail, and healthcare. We also see investment potentials in technology entrepreneurship and Islamic finance. With the implementation of the Free Trade Agreement in August 2015, our total trade volume has doubled to USD3.5 billion in just six years. As we have an office operating in Kuala Lumpur, Malaysia, we are delighted to welcome our esteemed counterpart MIDA to open its office in Istanbul, Türkiye which will enhance our collaboration and partnership. This undoubtedly will contribute to the increase bilateral trade volume and investments between the two countries.”

Companies that have benefited greatly from the existing economic relations between Malaysia and Türkiye includes:

TUSAS (Turkish Aerospace Industries) Malaysia Sdn. Bhd. currently has 20 personnel and the numbers are expanding, which will hit 100 by the end of 2022. With its Malaysian office located in Cyberview, Cyberjaya, TUSAS aims to carry out new joint projects in the aerospace industry where the first project they started was the flight control computer for HÜRKUŞ Advanced Trainer Aircraft. TUSAS has also signed an MOU with UniKL and University of Malaya, where 10 students have already completed their internship programme at the Turkish Aerospace Headquarters at Ankara, Türkiye last summer.

“We have always been in contact with MIDA and they are helpful in every situation, and we are glad that they decided to launch an office in Istanbul, Türkiye. We are certain that this office will open new avenues for collaboration between Türkiye and Malaysia.” said Prof. Dr. Temel Kotil, President and CEO of TUSAS.

Meanwhile, Evyap Sabun Malaysia Sdn. Bhd. which was incorporated in 2011, is a wholly-owned subsidiary of Türkiye-based Evyap Group, a longstanding and well-established personal care product manufacturer with a strong market presence in Türkiye, Middle East and Commonwealth of Independent States (CIS) regions. Their vertically integrated oleochemicals manufacturing plant is located in Pasir Gudang, Johor Bahru.

“Evyap Group is continuing to undertake additional investments in Malaysia’s oleochemical and personal care industry, which includes specialty oleochemicals, oleic acid capacity expansion and crystal soap production line. We are also looking at potential additional investments in the region for which various options are currently being explored.” said Mehmed Evyap, Executive President of Evyap.

For the first half of 2022, Malaysia attracted a total of RM123.3 billion (USD28.0 billion) worth of approved investments in the manufacturing, services and primary sectors involving 1,714 projects for the period of January to June 2022 and is expected to create 57,771 job opportunities in the country. FDI remained the major contributor, at 70.9 per cent or RM87.4 billion (USD19.9 billion), while investments from domestic sources contributed 29.1 per cent amounting to RM35.9 billion (USD8.2 billion). With the newly launched MIDA Istanbul Office, Türkiye will no doubt contribute immensely to the socio-economic development and bring about new growth areas into Malaysia’s investment landscape.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
E: [email protected] I T: +603 2267 6650

Ms. Meltem Şimşek
Investment Officer, MIDA Istanbul
E: [email protected] I T: + 9 0533 638 72 64

MIDA Launches Its Istanbul Office As A Gateway For Malaysia-Turkey Crossflow Investments


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Penang, Malaysia – September 29, 2022 – Scandinavian IBS Sdn. Bhd. (SIBS), a Sweden-based Industrialised Building System (IBS) and one of SIBS Group’s five companies with more than 850 employees has undertaken an expansion with an additional 15 acres of land size at their new plant located in Penang Science Park, Simpang Ampat, Penang. This expansion project is anticipated to increase the production lines to approximately to four (4) more compare to the current production line and this is driven by the huge demand for SIBS production with an investment worth of RM500 million in few phases for the next five years. The project is expected to provide an additional 1,200 employment opportunities to the locals and the opportunity to deliver to more markets and product categories. The expansion project is also expected to create an additional value of RM552 million (USD120 million) in local sourcing of raw materials and components.

The Chief Minister of Penang YAB. Tuan Chow Kon Yeow said “This project will bring in investment, strengthen the socio-economy, increase job creation as well as provide opportunities for local talents to upskill. The investment will stimulate local businesses, thus contributing significantly towards the economy of Penang by maintaining and strengthening its local supply chains.” 

“I would like to congratulate SIBS on its new facility plant which is four times the capacity of the current factory. This will also create more engineering experts in Industrialised Building System (IBS) for Penang. I am glad that the company once again have chosen Penang for the IBS expansion” he added.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) said “SIBS’ continued expansion demonstrates Malaysia’s strong economic fundamentals such as our vibrant innovation ecosystem particularly in IBS industry, as well as our reliable infrastructure and connectivity to the region and the world. The company’s presence will also encourage the growth of local companies within the IBS industry.”

“To serve investors better, MIDA has renewed its aspirations and aligned its facilitation and support services with the National Investment Aspirations (NIA) framework, which includes the elements of high value-added, high technology, knowledge and capital intensive, skills-intensive and provision of high-income jobs. MIDA will remain committed to growing the IBS industry in collaborative efforts with our strategic investors, such as SIBS. This is a key win for Malaysia in realising our aspiration to attract high-quality investments from reputable companies all around the world” added Datuk Wira Arham.

His Excellency Dr. Joachim Bergström, Ambassador of Sweden to Malaysia, said, “Sweden is a pioneer in innovation and industry. In the last few years, we’ve seen an incredible development of new methods and materials being developed within construction that are cost effective and enhances liveability and safety. SIBS is at the forefront of the development, and it brings me great joy to see that they are expanding their operations here in Penang, bringing in the leading global solutions within its field, sharing that knowledge and providing many jobs to the local community.”

“SIBS has put Malaysia on the map as the leading hub for manufacturing related construction industry. Using technology, company has revolutionised a very conservative industry. The investment is important for Malaysia not only directly but also indirectly in the thousands of jobs created in the supply chains around the country” says Erik Thomaeus, CEO of SIBS Group.

“Malaysia is devoted to technology and companies built around technical innovation, having the world’s leading ‘Construction Tech’ company in Malaysia. This is another proof of the genuine attractiveness of Malaysia as a hub for business and innovation. Our expansion in Malaysia will be divided in phases and eventually will achieve approximately RM500 million of total investment”, he added.

The manufacturing related construction sector has been playing a significant role in the aggregate economy of the country in term of its contribution to revenue generation, capital formation and employment creation which ultimately support the gross domestic product (GDP) and the socio-economic development of Malaysia.

YB. Dato’ Haji Abdul Halim bin Haji Hussain, Penang State Executive Councillor for Trade, Industry and Entrepreneur Development attended the event representing the Chief Minister of Penang. Also, in presence were His Excellency Dr. Joachim Bergström, Ambassador of Sweden to Malaysia and Ms. Najihah Abas, Executive Director Manufacturing Development (Non-Resource) from MIDA.

The Government provides both fiscal and non-fiscal incentives to the companies undertaking the manufacturing of IBS. A special incentive has been introduced for manufacturers for adopting any of the seven recognised systems which include Precast Concrete System, Formwork System, Steel Framing System, Block Work System, Timber Framing System, Innovative System and IBS Modular System/Components Modular. For the period of 2015 to June 2022, MIDA has approved a total of 95 IBS manufacturing projects, of which, 22 were related to the IBS Modular System.

From left to right: H.E Dr. Joachim Bergstöm, Ambassador of Sweden to Malaysia, YB Dato’ Haji Abdul Halim bin Haji Hussain, Penang State Minister for Trade, Industry And Entrepreneur Development, Mr. Erik Thomaeus, CEO & Co-founder of SIBS Group, Ms. Najihah Abas, Executive Director, Non-Resource Manufacturing Development, Malaysian Investment Development Authority (MIDA), Mr. Par Thomaeus Co-founder of SIBS Group

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, Tik Tok and YouTube.

About Scandinavian IBS Sdn. Bhd. 

Scandinavian IBS Sdn. Bhd. started in 2016 and the first factory was finalized in 2018. We are the manufacturer of a Sweden-based Industrialized Building Systems. We build homes, also known as prefabricated buildings, in a controlled environment to be assembled in the residential and commercial area. Our business produces residential buildings in a steel frame modular form: living room, bathroom, stairs, everything an apartment needs in a manufacturing setting. The plan from the beginning was to build a second factory after the first factory was fully established and producing at full capacity. We reached our max production capacity in the end of 2019. Hence, we launched our plan and after many years of negotiating with Penang state we purchased the second land in the beginning of 2020 for second factory. The new factory will be approximately 2 times the size of the current with 4 times the capacity. 

SIBS invest in a second factory to increase production capacity to meet the large demand from the market. We aim to present the full investment case to secure the financing of the land, construction, process machinery and increased working capital requirements. The second factory will provide an additional production capacity of around 4,000 apartments a year. When combined with the existing factory, this will increase SIBS’ total production capacity to around 5,000 apartments a year.

Intensive work has been ongoing on the building and installation of the process equipment, developed entirely by our local engineers. The factory will be operational in the third quarter of 2022 and its completion will be marked by an opening ceremony that should be attended by up to 2,000 people.

For More Information, Please Contact:

MIDA
Ms. Rozita Ibrahim, Director
Building Technology and Lifestyle Division, MIDA
Tel: 03- 2267 3479 | Email: [email protected]

SCANDINAVIAN IBS SDN. BHD.
Name: Mr. Lawrence Chua
Director
Tel: 04-506 2940 | Email: [email protected]

Scandinavian IBS Continues To Expand Its IBS Production Line In Malaysia


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Kuala Lumpur, 22 September, 2022 — The Malaysian Investment Development Authority (MIDA) in collaboration with the Kedah State Government has successfully organised the Invest Series: Unfolding States ‘Business Potential’ – Kedah program today at Perdana Hall, MIDA Sentral, Kuala Lumpur. This programme was held to provide the business community with the latest updates on development and investment opportunities in the State of Kedah, as well as a platform for participants to  network with relevant State Government agencies.

A total of 300 participants were present at the event, covering various backgrounds such as captains of industry; business associations/organisations; senior managements from the manufacturing and services sectors; entrepreneurs; academicians; and government officials.

The programme began with a welcome address by Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, followed by remarks by YB. Dato’ Wira Dr. Ku Abd Rahman Ku Ismail, Senior Kedah State Executive Council (EXCO) Member (Industry & Investment, Higher Education, Science, Technology & Innovation), who addressed the Kedah State Government’s investment aspirations  based on the Kedah Development Plan 2035.

“Despite the challenging global economic environment, Kedah has been one of the top five (5) states for investment by the business community. From January to June 2022, there were 71 approved projects in Kedah with a total investment of RM9.7 billion. More than half of these investments were from foreign sources, recording a total of RM8.9 billion. These projects will be instrumental in creating over 3,209 job opportunities.” said Datuk Wira Arham Abdul Rahman, CEO of MIDA.

Datuk Wira Arham also highlighted, “While we have seen great success in the last 50 years, we are still resilient to achieve more because we aspire to discover new markets and empower communities. Like most countries around the world, Malaysia is restrategising its industrial policies to address some of the most pressing issues in socio-economics, like sustainability. As global players move towards building a sustainable and compliant business module, MIDA is aligning its strategies with the National Investment Aspirations (NIA) and environmental, social and governance (ESG) principles to attract high-value, sustainable investment projects and collaborate with partners that are focused on “impact investing.” We want to empower the local supply chain, help companies and businesses automate their processes, and be cost-efficient in meeting industry demands while mitigating social and environmental impact. FDI and DDI performance should not be seen as an opportunity to only unlock financial returns but also improve social and environmental impact as well.”

YB. Dato’ Wira Dr. Ku Abd Rahman, in his remarks said “In Kedah, all investment-related agencies work as a team with the same purpose and objective, which is to facilitate investment and attract more investments to the State of Kedah. Kedah has experienced tremendous economic transformation from agriculture based to a manufacturing based. For the manufacturing sector, Kedah is fortunate to have the Kulim Hi-Tech Park (KHTP) as a catalyst, which is already known as one of the well-established technology parks in the world. The key success of Kedah in attracting investments to the state is due to the state government’s focus on post investment activities, which prioritises taking care of investors’ needs since their first day of operation in Kedah.”

The programme then continued with a presentation by Mr. Muhamad Mahazi, CEO of Invest Kedah Berhad who presented on the ‘Introduction of Kedah and Investment Performance; Comprehensive 5PL Logistic and Digital Network in Kedah; Investment in Manufacturing and Services Sector; and Investment in Tourism and Agriculture Sector’. He also touched  on Kedah’s  upcoming infrastructure development, talent and human resource development, and current and new growth development areas.

In addition, a Business to Business (B2B) Session with the Kedah investment team was  held to provide  platform for all participants to learn more  about the current development in Kedah and the plethora of investment opportunities it has to offer. For many years, Kedah has been proven to be a prime choice for investment .

The State Government is also actively promoting an investment destination that are attractive to investors such as Bukit Kayu Hitam Halal and Logistic Centre, Bukit Selambau Industrial Area, Gurun Industrial Area, KHTP Smart SME Park, Kulim Industrial Corridor, Northern Technocity and Padang Meha Industrial Area.

In the Southern and central part of Kedah there are new growth areas such as Kulim Hi-Tech Park expansion, Development of Pulau Bunting and Kedah Aerotropolis consisting Sidam Logistics, Aerospace & Manufacturing Hub, Kulim International Airport, North Corridor Highway (NCH).

The Kedah State Government is also very committed to developing the new growth areas in the northern region of Kedah with projects such as Kedah Rubber City, Delapan Special Economic Border Zone (Delapan SBEZ) in Bukit Kayu Hitam under the Northern Gateway Sdn. Bhd., Kedah Science and Technology Park, Bukit Kayu Hitam Halal Hub and Logistic Centre under PKNK.

In the program, the Kedah investment team was represented by its investment agencies, namely Invest Kedah Berhad (IKB), Kedah State Economic Planning Division (BPEN), Northern Corridor Implementation Authority (NCIA), Kedah State Development Corporation (KSDC), Kulim Technology Park Corporation (KTPC), KXP Airportcity Holding (KXP), Northern Gateway Sdn Bhd (NGxSB).

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube.

About Invest Kedah

Invest Kedah Berhad (IKB) is the first window or One Stop Centre to all investments into the State of Kedah. IKB entrusted to attract, facilitate and support business investments in Kedah. IKB plays the vital role of working with government agencies and local authorities to ensure a seamless set up process for local and international investors. In year 2021, IKB helps Kedah to attract investment of RM68.3 billion which is the highest in Kedah’s investment history. Invest Kedah can be contacted online at www.investkedah.com.my.

For more information, please contact: 

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 3685

Invest Kedah
Mr. Noor Ikhsan Bin Abdul Aziz
Chief Operating Officer, Invest Kedah
C Block, 3rd Floor,
Wisma Darul Aman,
05503 Alor Setar, Kedah
Email: [email protected] | Tel: (6) 04-702 7373 | Fax: (6) 04-702 7382

MIDA Collaborates with Kedah State Government to Highlight the State’s Investment Landscape and Its Potential


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  • The new plant is part of Mölnlycke’s sustainability strategic roadmap that is aimed at creating shared values for all stakeholders, including contributing significantly to Malaysia’s sustainability goals, such as energy usage reduction, economic growth and innovation in infrastructure.
  • With the addition of the new plant in its pipeline, Mölnlycke is set to create about 400 new local jobs.
  • Striving to design and supply quality medical solutions to enhance the performance of the healthcare industry, the company also has core businesses within the Wound Care, Operation Room Solutions (ORS), Gloves and Antiseptic segments.

Kulim, Kedah, 20 September 2022 – The world-leading medical product and solutions company, Mölnlycke of Sweden has just opened a new surgical glove plant in Kulim Hi-Tech Park, Kedah, with sustainable production as its backbone. With a total investment of EUR 50 million (RM233 million), the new facility is a major milestone and part of Mölnlycke’s sustainability roadmap – WeCare, to meet the healthcare manufacturing industry’s increasing demand sustainably, producing surgical gloves.

The new production site, which has a land area of 29,164 sqm and building footprint of 14,620 sqm, is fully equipped with the cutting-edge automated glove production and packaging line. With the addition of the new plant, Mölnlycke expects to create some 400 new job opportunities within the state. Mölnlycke will also increase their production capacity substantially to meet future demand on high-quality surgical gloves. 

The manufacturing plant is constructed in partnership with global sustainability solutions providers, ENGIE and Veolia Water Technologies. Veolia will be assisting in improving the plant’s wastewater management, effectively recycling water, and further improving the discharge quality. With Veolia’s digitalised system, water consumption is expected to be reduced to 50 per cent. Moreover, ENGIE will be supplying the plant with its energy source by installing solar panels to power the manufacturing production and operations. In the long run, Mölnlycke is turning its commitment to net zero Greenhouse Gas (GHG) emissions by 2050 into reality by running its operations in a less resource intensive way.

The new manufacturing plant was officiated by YAB. Dato’ Seri Haji Muhammad Sanusi Bin Md Nor, Chief Minister of Kedah, HE Dr. Joachim Bergstrom, Ambassador of Sweden and Zlatko Rihter, Chief Executive Officer (CEO) of Mölnlycke. Also present at the official launch were Dato’ Wira Dr. Ku Abd Rahman Ku Ismail, Senior State EXCO Member for Industry & Investment, Higher Education, Science, Technology & Education; Datuk Wira Arham Abdul Rahman, CEO of Malaysian Investment Development Authority (MIDA); Mohammad Haris Kader Sultan, Chief Executive (CE) of Northern Corridor Implementation Authority (NCIA) and Karl-Henrik Sundström, Chair of the Board of Mölnlycke.

In his welcoming address, YAB Dato’ Seri Haji Muhammad Sanusi bin Md Nor, Chief Minister of Kedah said, “The state of Kedah is very proud to be the host of Mölnlycke’s new state-of the art factory, and in that being recognised as a state providing the right prerequisites for sustainable production of high-quality surgical gloves, and in that enable Mölnlycke to live its vision to improve hand performance for health care professionals across the globe – because hands deserve better.”

Datuk Wira Arham Abdul Rahman, CEO of MIDA welcomed the launch of Mölnlycke’s new manufacturing facility saying, “Malaysia is very honoured that Mölnlycke, who has a long-term presence in Kedah, continues to expand in the Kulim Hi-Tech Park (KHTP). The establishment of Mölnlycke’s new production facility in Malaysia is a mark of confidence in the continuous sustainable growth of the Malaysian economy and will be a boon for Malaysia to maintain its leadership position in the glove manufacturing sector. Once implemented, the company’s state-of-the-art automated plant in Malaysia which has incorporated sustainable practices, would be exporting 100 per cent of its production for the global market, making Malaysia part of their key value chain internationally. We are committed to supporting industry leaders like Mölnlycke and we hope to see the company grow to greater heights in the years ahead.”

Mohamad Haris Kader Sultan, CE of NCIA further added, “NCIA is proud to facilitate Mölnlycke’s expansion in the medical devices sector as it will accelerate the development of high-technology and digitalisation ecosystem in KHTP, Kedah which is classified as NCER Special Promoted Area. Mölnlycke has been awarded with NCER Special Tax Stimulus Package in February 2022 and the company is committed to embark on Local Vendor Development in automation and digitalisation. Mölnlycke’s expansion on innovative and advanced products is in line with the government’s efforts to create 500 high-skilled employment opportunities in the science and technology field, for the benefit of the rakyat.”

JC Guillou, Vice President Global Operations of Mölnlycke Gloves said “We are beyond excited and thrilled about the opening of our new plant here in Kulim, Kedah. This is a significant milestone for Mölnlycke, as it is part of our transformative journey towards becoming a global leader in sustainable healthcare. We have chosen Kulim Hi-Tech Park, Kedah as the new location of our plant, as we believe the state has the right infrastructure, talent, and capabilities to meet the demands of the manufacturing industry. With the addition of this new facility in our pipeline, we are confident that we would be able to capture and capitalise on the industry’s demand, not only in Kedah or Malaysia but in the region in general.”

Dr. Joachim Bergström, Ambassador of Sweden to Malaysia, said, “Mölnlycke’s decision to continue and expand their operations here in Kulim Hi-Tech Park is a clear indicator of the successful story of Malaysian manufacturing and, in particular, here in Kedah. In return, Mölnlycke, a global leader within MedTech, will be able to increase their competitiveness on the global market. This is a story of successful cooperation, a win-win, between Mölnlycke – Kulim Hi-Tech Park, Kedah, which is also the story of our two countries. Sweden and Malaysia have a great history of producing win-wins and we will continue to do so.”

Malaysia has been actively promoting and implementing sustainable development initiatives aligning with the National Investment Aspirations (NIA) and Sustainable Development Goals (SDG) principles. In line with this, Mölnlycke through its shared value creation WeCare roadmap, aims to contribute towards Malaysia’s sustainability goals, such as energy usage reduction, wastewater management, economic growth, and innovation in infrastructure. WeCare is Mölnlycke’s sustainability roadmap for the company’s growth, innovation, and productivity drive.

With sustainability being a key aspect of the company’s strategic focus area, Mölnlycke endeavours to build a sustainable healthcare manufacturing ecosystem that would effectively meet the industry’s demand for high-quality surgical gloves, with minimum environmental impact.

Malaysia is core to Mölnlycke’s surgical gloves business. To date, the company has three other additional factories based in the country, two of which are for the manufacturing of surgical gloves and another for packing. With business in over 100 countries worldwide, Mölnlycke entered the Malaysian market in 1990 and currently employs over 2,500 Malaysians in their network.

To find out more information on Mölnlycke, please visit https://www.molnlycke.my/.

– END –

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Mölnlycke
Currently operating in over 100 countries worldwide, Mölnlycke is the owner of one of the leading brands in the surgical gloves segment – also known as Mölnlycke’s Biogel® – among its other core businesses. Moving forward, Mölnlycke aims to meet the demands and equip healthcare professionals to achieve the best patient, clinical and economic outcomes, transforming the sector into a low carbon economy and achieving the ‘net zero’ targets by 2050 through their overall business operations. For more information on Mölnlycke, kindly visit https://www.molnlycke.my/.

For media enquiries, please contact:

MIDA
Ms. Azlina Hamdan
Director, Life Sciences & Medical Technology Division, MIDA
E: [email protected] I T: +603-2267 3791

Molnlycke
Elliot & Co (Representing Molnlycke)
Abigail Henry
Senior PR Consultant
+60 17- 383 3391
[email protected]

Mölnlycke® Pursues Sustainable Growth: Inaugurates new surgical glove plant in Kulim, Kedah with sustainability at core


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Perak, September 8, 2022 – XP Power, one of the world’s leading developers and manufacturers of critical power solutions for the electronics industry, has begun construction on its latest manufacturing facility in Perak, Malaysia. The Asia III site will be the company’s largest facility, representing the biggest investment valued at RM228 million for Phase 1, over the span of 5 years. This expansion is vital in XP Power’s global growth strategy, increasing production capacity to support surging customer demand across regions.

Construction will begin in September, with the facility expected to be fully operational by second quarter 2024. The new factory complements the company’s existing sites in Vietnam, China, the US, and Germany, enhancing the resilience and flexibility of its supply chain. It will also create significant employment opportunities in the surrounding region. The factory, once completed, will employ approximately 1,200 people.

The momentous groundbreaking ceremony was graced by YAB Dato’ Seri Saarani Mohamad, Menteri Besar of Perak; YB Dato’ Shahrul Zaman Datuk Yahya, Perak State EXCO for Industry, Investment and Corridor Development; YB Khairul Shahril bin Mohamed; Perak State EXCO for Youth, Sport, Communication and Multimedia cum State Assemblyman for Bota Constituency; Ms. Lim Bee Vian, Deputy CEO (Investment Development), Malaysian Investment Development Authority (MIDA); Mr. Izran Abdullah, CEO of InvestPerak, and Mr. Oskar Zahn, CFO of XP Power.

Menteri Besar of Perak, YAB Dato’ Seri Saarani Bin Mohamad in his Keynote Address highlighted, “The State Government is focused on the needs of the rakyat. These high impact projects will bring in investments, strengthen the socio-economy and increase job creation. These investments will stimulate the local economy, thus contributing significantly towards the economic recovery of Perak after the COVID-19 pandemic.”

“Drawn by the stability and flexibility of the Malaysian business and investment policies, many MNCs have established their base operations here, including XP Power. Their presence here is a testament to their confidence in Malaysia’s vibrant electrical and electronics (E&E) ecosystem, which comprises players across the value chain, from equipment supplies to assembly and testing. XP Power’s investment in Malaysia will undeniably further strengthen our competitiveness and ensure our industries remain resilient and competitive. We welcome and look forward to have more XP Power’s industry counterparts and similar industries to emulate and leverage Malaysia as their regional supply chain hub.” said Ms. Lim Bee Vian, Deputy CEO (Investment Development) of MIDA.
Mr. Izran Abdullah, CEO of InvestPerak commented “Perak is strategically located at the midpoint between Penang and Selangor which are two economic focal points in Malaysia. We regard this as our advantage as we are able to gain economic spill over from both States and Perak is always ready to support industrial expansion from neighbouring states. Equipped with complete infrastructure, abundance of natural resources, sufficient high-skill talents and a matured industrial ecosystem, Perak is emerging as one of the focal destinations for new investments.”

“Our new facility in Perak is fundamental for XP Power in delivering XP Power’s ambitious growth aspirations over the next 5 to 10 years. The demand for XP Power’s products is strong across the entire power range driven by demand from healthcare, semiconductor and industrial customers. The demand is only increasing in the next decade. XP Power’s completed facility will employ around 1,200 employees and it will be our largest manufacturing facility globally complementing the existing sites in Vietnam, China, the USA and Germany. The company’s management is excited for the future of XP Power and see Perak as a critical stepping stone for the Group.” said Gavin Griggs, CEO, XP Power.

*****

About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. The establishment of MIDA in 1967 was hailed by the World Bank as “the necessary impetus for purposeful, positive and coordinated promotional action” for Malaysia’s industrial development. Today, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About InvestPerak
Perak Investment Management Centre (PIMC) or better known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as secretariat for Centre of Investment (COI), which empowered the function of InvestPerak as facilitator in assisting investors to invest in Perak. In order to facilitate the implementation of investment projects in Perak, [email protected] have the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process. Apart from that, InvestPerak complements the role that the Malaysian Investment Development Authority (MIDA) plays at the Federal Government level, in terms of investment promotion and relevant incentives offering. InvestPerak also work closely with other related government departments and agencies, business chambers and industrial associations to ensure that the industries in Perak continue to grow and flourish.

About XP Power
XP Power is committed to being a leading provider of power solutions, including AC-DC power supplies, DC-DC converters, High Voltage power supplies and RF power supplies. With ISO9001:2008, XP Power offers total quality, from in-house design through to manufacturing facilities around the world. The company offers the widest range of power products available from one source and unrivalled technical and customer support, aiding both vendor consolidation and cost reduction programmes. XP Power has 24 sales offices throughout Europe, North America, and Asia.

XP Power Ltd (LSE:XPP), a London Stock Exchange FTSE 250 listed public company, has design centres in North America (Massachusetts, New Jersey and California) and Singapore, which also serves as the company’s headquarters. Manufacturing facilities are located in North America, Vietnam, and China. The design teams push back the boundaries of cost and technology, providing market leading power solution products. Local application teams provide expert technical support to help customers integrate and use XP Power products worldwide. Find more information about how XP Power is powering innovation at www.xppower.com

Media Enquiries:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: + 603 – 2267 3575

InvestPerak
Mr. Mohamad Noor Arif
Investor Relations Manager
Email: [email protected] | Tel: +6013-4475312

XP Power
Maria Alonso, Publitek
Email: [email protected] | Tel: +44 1582390980

XP Power Breaks Ground Its Largest Global Manufacturing Facility To Support Rising Demand


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NTT expands its hyperscaler footprint in Malaysia with its sixth data center facility, supporting the growing digital economy.

Cyberjaya, Malaysia – 05 September 2022 – NTT Ltd. a leading IT infrastructure and services company, and the first company to receive the Multimedia Super Corridor (MSC) status back in 1997,  today announced the commencement of its sixth data center construction in Cyberjaya, shortly after the completion of its fifth data center (CBJ5) in 2021.

NTT plans to initially invest over USD50 million for the new data center known as Cyberjaya 6 (CBJ6). It complements CBJ5 which covers just under 20 000 m2 with a total facility load of 22MW when combined with CBJ6. The facility will cater to hyperscalers and high-end enterprises to accelerate digital transformation across industries in Malaysia as the nation ushers in the new digital era. With its global reach alongside local operational expertise, NTT’s data centers provide businesses in Malaysia with access to a wide portfolio of ICT solutions to support digital growth and needs, being the first company to receive Multimedia Super Corridor status back in 1997.

NTT showed its intent to support Malaysia’s digitalization during the meeting with the Trade and Investment Mission (TIM) delegation led by YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) to Tokyo, Japan.

Dato’ Seri Azmin remarked, “MITI fully supports NTT’s investment plans in Malaysia and welcomes this latest move to develop a new data center and network infrastructure in Cyberjaya. Kudos to NTT’s vision of “NTT Green Innovation toward 2040”, in which NTT aims for carbon neutrality for its data centers by FY2030 and for the whole NTT Group by FY2040. This is certainly in tandem with Malaysia’s commitment to achieving net-zero emissions by 2050. This strategic investment will further support and drive Malaysia’s commitment towards ESG values and advancing green growth as outlined in the Twelfth Malaysian Plan.”

“The wave of digitalization is unstoppable. Companies today realize how important it is to harness the immense power of digital technology. We are honoured that Malaysia is the location of choice for industry leaders like NTT, to site their data centers.  The establishment of CBJ6 as part of NTT’s expansion plan is a strong testament to NTT’s confidence in Malaysia’s capability as a regional data center hub. We are confident that NTT’s efforts will contribute to the country’s goal of becoming a digital nation, helping it achieve a 22.6% GDP boost from the digital economy by 2025,” said Datuk Wira Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA).

“Asia Pacific is a key growth region for NTT, and Malaysia has a prime position in its strategic investment plans. With this expansion through a new data center launch, NTT will drive business opportunities domestically and also across APAC. NTT’s investment will support Malaysia’s digitalization, and accelerate the growth of our domestic and APAC digital ecosystem” added Yasuo Suzuki, Executive Vice President, Data Center Service at NTT Ltd.

The optical submarine cable MIST1 between Malaysia, Singapore, and India which is currently under construction, will enable connectivity between CBJ5 and CBJ6 to further enhance Malaysia’s network connectivity globally and build sustainable socio-economic impact. NTT will continue to expand its cable capacity.

Over the past 30 years, NTT has been expanding its footprint in Malaysia, making the nation’s vision a reality through public-private partnership. Moving forward, NTT will remain steadfast in its support for building Malaysia’s technological infrastructure, contributing towards the nation’s digital ecosystem and continually improving Malaysia’s position as a digitally-driven nation.

– Ends –

About NTT Ltd.
NTT Ltd. is a leading IT infrastructure and services company. With revenues of over USD 10 billion, we operate in more than 200 countries and regions, and serve 5,000 clients across multiple industries. Through technology and innovation, we deliver a secure and connected future that empowers our people, clients and communities. We lay the foundation for organizations’ edge-to-cloud networking ecosystem, simplify the complexity of their workloads across multicloud environments, and innovate at the edge of their IT environments, where networks, cloud and applications converge. On the journey towards a software-defined future, we support organizations with platform-delivered infrastructure services. As part of the global NTT Corporation, we serve 65% of the Fortune Global 500 and 80% of the Fortune Global 100.  We enable a connected future. Visit us at services.global.ntt.

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

Media Enquiries:

NTT Ltd.
JC Ting, Senior Manager, Marketing, Malaysia
Email : [email protected]
Tel : +60-12-504-9632

MIDA
Ms. Rosedalina Ramlan
Director, Business Services and Regional Operations Division, MIDA
Email: [email protected] | DL: + 603- 2267 3515


1 The MIST cable system will be available by mid 2023 and it is a strategic joint venture for international submarine cables in South East Asia, with Orient Link Pte. Ltd.. It will enable NTT Ltd. to expand its offerings into India and beyond, while the ASE and APG cable systems provide global connectivity from Asia to United States.

NTT Launches its Cyberjaya 6 (CBJ6) Data Center in Malaysia


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The Malaysian Investment Development Authority (MIDA) is pleased to announce the appointment of Tan Sri Dato’ Sri Dr. Sulaiman Mahbob as the new Chairman of MIDA, effective 3 September 2022. This will be the second time that he has been elected as the Chairman of MIDA. He was first elected from 2009 to 2012.

Tan Sri Dato’ Sri Dr. Sulaiman Mahbob has had a distinguished career in the Public Service having served in various ministries and departments. Currently, he is the Chief Executive Officer of the National Recovery Council (NRC), member of the Board of Directors for the Institute of Strategic and International Studies (ISIS) and Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN). He is also the Chairman of the Malaysian Institute of Economic Research (MIER), a board member of Perbadanan Insurance Deposit Malaysia (PIDM) and Malaysian Communications and Multimedia Commission (MCMC). Being also active in academia, he is an Adjunct Professor at the University of Malaya (INPUMA) and University Tun Razak (UNIRAZAK) where he lectures in Economics and Public Policy.

Tan Sri Dr. Sulaiman graduated with an economics degree at the University of Malaya and obtained his PhD at Maxwell School, Syracuse University, USA. A veritable thought leader in the fields of Economic Policy, Public Finance and Development as well as on a broad range of subjects, he has regularly articulated his views via op-eds and lectures at home and abroad.

Commending Tan Sri Dr. Sulaiman’s appointment as MIDA’s new chairman, Senior Minister and Minister of International Trade and Industry YB Dato’ Seri Mohamed Azmin Ali said, “In facing the current geopolitical realities and landscape, MIDA’s role demands, more than ever before, a creative, innovative and comprehensive approach, in increasing competitiveness and resilience towards attracting quality and high-tech investments into the country. Indeed, Tan Sri Dr. Sulaiman’s appointment will provide a fresh perspective in contributing towards increasing the dynamism of MIDA, building on his invaluable expertise and vast experience, especially in the areas of economic planning, strategic business modelling, and global trend analysis.”

-END-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, Linkedin and Youtube channel.

For media enquiries please contact:
Ms. Normi Alias
Director, Corporate Management Division
DL: +603-2267 3789 | Email: [email protected]

Tan Sri Dato’ Sri Dr. Sulaiman Bin Mahbob Appointed as the New Chairman of MIDA


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Malaysia Continues to be an Attractive Investment Destination for Both Foreign Direct Investments (FDI) and Domestic Direct Investments (DDI) to Drive Malaysia’s Economic Growth

• Malaysia attracted RM123.3 billion (USD28.0 billion) of approved investments in the manufacturing (RM43.1 billion or USD9.8 billion), services (RM78.0 billion or USD17.7 billion) and primary sectors (RM2.2 billion or USD0.5 billion).
• Foreign Direct Investments (FDI) remained the major contributor for the total approved investments at 70.9 per cent or RM87.4 billion (USD19.9 billion).
• The approved investments for this period will generate 57,771 new jobs in the country.
• Malaysia’s services sector secured projects worth RM78.0 billion (USD17.7 billion) for the first half of 2022, compared to the RM52.4 billion (USD12.6 billion) it gained for the same period in 2021, a major increase of 48.8 per cent.

KUALA LUMPUR, Sept 2 (Bernama) — Malaysia remained an attractive investment destination for global and regional business expansions as the total Foreign Direct Investments (FDI) and Domestic Direct Investments (DDI) continue to grow for the period of January to June 2022. The nation’s economy has been on a strong recovery path since the country reopened its borders last year. Supported by robust industrial ecosystem, increase in domestic demand and easing of containment measures, the Malaysian economy performance continues to normalise and grow in strength. 

Apart from the increasing number of MNCs’ presence in Malaysia, Malaysian companies have also leveraged their presence here by being persistent in building up their capabilities to provide products and services required by these global companies.

Malaysia has attracted a total of RM123.3 billion (USD28.0 billion) worth of approved investments in the manufacturing, services and primary sectors involving 1,714 projects for the period of January to June 2022 and is expected to create 57,771 job opportunities in the country. FDI remained the major contributor, at 70.9 per cent or RM87.4 billion (USD19.9 billion), while investments from domestic sources contributed 29.1 per cent amounting to RM35.9 billion (USD8.2 billion).

In this period, the services sector assumed a significant role towards driving the country’s economic recovery, accounting for 63.3 per cent of total approved investments with RM78.0 billion (USD17.7 billion). The stellar performance for the services sector exceeded expectations for January to June 2022, an increase of 48.8 per cent from the achievement attained in the same period in 2021. This is followed by the manufacturing sector at RM43.1 billion (USD9.8 billion) or 34.9 per cent and the primary sector at RM2.2 billion (USD0.5 billion) or 1.8 per cent.

FDI accounted for 70.9 per cent of the approved investments, valued at RM87.4 billion (USD19.9 billion). Of the total investments approved, the People’s Republic of China (PRC) dominated foreign investments for the period of January to June 2022, with investments totalling RM48.6 billion (USD11.0 billion). This is followed by Germany (RM9.0 billion) (USD2.0 billion), Singapore (RM6.0 billion) (USD1.4 billion), Brunei (RM5.1 billion) (USD1.2 billion), and The Netherlands (RM4.1 billion) (USD0.9 billion).

For projects approved by state, five (5) major states, namely Johor, Selangor, Sabah, Kedah and Pulau Pinang, contributed RM103.5 billion (USD23.5 billion) or 83.9 per cent of the total investments approved from January to June 2022. 

YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) stated said, “Malaysia is on the right trajectory to secure more high-quality, high impact and capital-intensive projects, with the services sector being the key growth driver for the economy and the largest contributor for approved investments for the first half of this year. In maintaining the momentum, MITI will continue to strengthen the country’s competitiveness by developing economic complexity, nurturing a strong industrial ecosystem with innovation intensity, enhancing inclusivity by creation of high-income jobs and promoting opportunities to participate in the regional and global supply chains. Driven by the National Investment Aspirations (NIA), we will intensify our focus towards sectors such as digital economy, electrical and electronics (E&E), pharmaceutical, chemical and aerospace with significant economic potential and sustainable long-term growth.” 

The Malaysian Government has lined-up strategic and focused trade and investment missions (TIM) targeted to capture investments in high technology, innovation and research-driven industries that will complement and further strengthen the Malaysian industrial ecosystem.

Services Sector Takes the Lead 

Malaysia’s diversified services sector continues to embrace digitalisation to move up the value chain and boost operational efficiency when remote-working and automation trends have accelerated as we transition to the new era of endemicity. New services have materialised through the invention of the Internet of Things, Artificial Intelligence and the cloud network have redefined the service sector’s importance in Malaysia’s economy.

The Digital Investment Office (DIO), a fully-digital collaborative platform between MIDA and MDEC, was established to coordinate and streamline digital investments into the country while providing end-to-end facilitation to investors, thus helping investors to realise their business growth expansion in Malaysia. The office is committed towards attracting investments that embodies high-value, sustainability and technologies.

This is in line with the government’s aim to attract RM70.0 billion (USD15.6 billion) investments to accelerate digitalisation efforts by 2025. This initiative is 
timely and in line with the evolution of the global investment landscape towards digitalisation and Industry 4.0, creating unique and interesting value propositions for digital projects which involves digital infrastructure projects like data centres and submarine cables as well as digital technology projects that utilise IR4.0 technology such as cloud computing, artificial intelligence and big data analysis.

For this period, the services sector accounted for the largest share of the total approved investments, amounting to RM78.0 billion (USD17.7 billion) from 1,351 projects which contributed to the growth of the country’s economy. This is a significant increase as compared to the RM52.4 billion (USD12.6 billion) investments approved for the services sector in the same period last year. A total of 22,569 new jobs are expected to be created in the services sector.

Based on the total approved investments for the first half of 2022, foreign investments made up the largest portion, recording RM50.4 billion (USD11.5 billion) or 64.6 per cent of the total approved investments for the services sector, while the remaining 35.4 per cent or RM27.6 billion (USD6.3 billion) were from domestic sources.

In terms of top-performing sub-sectors for the period, information and communications sub-sector dominated the services sector, with approved investments valued at RM53.7 billion (USD12.2 billion) or 68.8 per cent. From the total approved investments of this sub-sector, three (3) data centre projects were approved with investments totalling RM51.1 billion (USD11.6 billion) or 95.2 per cent.

Among other performing sub-sectors which contributed to the significant amount of investments approved were real estate (RM11.0 billion) (USD2.5 billion), utilities (RM4.8 billion) (USD1.1 billion), distributive trade (RM2.1 billion) (USD0.5 billion) and hotels and tourism (RM1.8 billion)(USD0.4 billion).

Five (5) sub-sectors showed positive development in terms of percentage increment of approved investments namely information and communications, with an increase of 1,300 per cent. This is followed by other services with an increase of 153.4 per cent, hotels and tourism (15.3 per cent), distributive trade (14.3 per cent), and utilities (7.2 per cent).

Notable projects approved in services sector include PRC’s Bridge Data Centres Malaysia III Sdn. Bhd. and ByteDance System Sdn. Bhd., as well as Malaysian public listed company YTL Power International Berhad. All three (3) are data centre projects. These projects are testament to Malaysia’s readiness and attractiveness to host more digital investments projects in the near future.

Manufacturing Sector

Malaysia continues to attract high quality investments in the manufacturing sector for the period January to June 2022, reflecting the country’s competitiveness as a preferred location for investment in the region. The manufacturing sector accounted for RM43.1 billion (USD9.8 billion) (34.9 per cent) from the total approved investments in various economic sectors, as compared to RM75.8 billion (USD18.3 billion) for the same period in 2021. The approval of a megaproject was cited as the reason for the high total approved investments in the manufacturing sector for the first half in 2021.

Of the total approved investments in 1H2022 for the manufacturing sector, FDI amounted to RM35.5 billion (USD8.1 billion) (82.4 per cent), while domestic investments contributed to the remaining RM7.6 billion (USD1.7 billion) (17.6 per cent).

From the RM43.1 billion (USD9.8 billion) approved investments in the manufacturing sector, investments for expansion/diversification projects showed positive development with an increase of 31.9 per cent totaling RM26.0 billion (USD5.9 billion) for the first half of 2022, as compared to the same period in 2021. The remaining RM17.1 billion (USD3.9 billion) were recorded from new projects.

In terms of top-performing industries for this period, electrical and electronics (E&E) products lead the manufacturing sector (RM19.4 billion) (USD4.4 billion), followed by petroleum products (including petrochemicals) (RM5.1 billion) (USD1.2 billion), non-metallic mineral products (RM4.8 billion) (USD1.1 billion),scientific and measuring equipment (RM3.6 billion) (USD0.8 billion), fabricated metal products (RM2.8 billion) (USD0.6 billion), chemical and chemical products (RM1.5 billion) (USD0.3 billion), machinery and equipment (RM1.4 billion) (USD0.3 billion), as well as food manufacturing (RM1.1 billion) (USD0.3 billion). These industries made up RM39.5 billion (USD9.0 billion) (91.6 per cent) of total approved investments in this sector.

A total of 35,032 potential job opportunities are expected to be created in the manufacturing sector, where it will require 1,745 (5 per cent) managerial positions, 4,122 (11.8 per cent) professional/technical and supervisory roles, such as engineers in the field of E&E, mechanical, chemical and other disciplines, reflecting the higher value chain transition of the manufacturing sector. The approved manufacturing projects will also require 7,491 (21.4 per cent) skilled craftsmen, such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders. 

Notable projects approved in the manufacturing sector for the first half of 2022 include:

• The ams OSRAM Group (SIX:AMS), a global leader in optical solutions, is investing in research, development and state-of-the-art manufacturing capabilities in its wholly owned legal entity Osram Opto Semiconductors (Malaysia) Sdn. Bhd at the Kulim Hi-Tech Park. The expansion will help ams OSRAM to set international standards in the fields of illumination, visualization and sensor technology through building a fully-automated manufacturing facility extension to its current factory at the Kulim Hi-Tech Park. This flagship facility, focused on wafer fabrication, will play an important role in future technology growth. ams OSRAM will continue to contribute to Malaysia’s domestic E&E ecosystem and the company anticipates employment opportunities locally. ams OSRAM is a multinational optical technology pioneer headquartered in Austria and Munich who established operations in Penang in 1972. 

• Petroventure Energy Sdn. Bhd. is a Special Purpose Vehicle (SPV) company based in Sabah and will be manufacturing petroleum products in Sabah, including gasoline, kerosene, benzene, liquefied petroleum gas, acrylic, sulphur, slurry, fuel oil and diesel. This project will help Sabah’s economy to spur as the products from the refinery will create a new supply chain that will benefit many businesses. Also, the project is anticipated to create between 500 to 1,000 potential job opportunities.

Primary Sector

The primary sector recorded a total of RM2.2 billion (USD0.5 billion) approved investments (1.8 per cent) of the total approved investments in the various economic sectors for the period of January to June 2022, as compared to RM6.5 billion (USD1.6 billion) approved investments for the same period in 2021. FDI dominated the primary sector with investments valued at RM1.5 billion (USD0.3 billion) (68.2 per cent), while the remaining RM0.7 billion (USD0.2 billion) (31.8 per cent) is contributed from domestic sources.

Two (2) sub-sectors showed a significant growth, namely agricultural sub-sector and plantation and commodities sub-sector. The agricultural sub-sector amounted to RM184.7 million (USD42.0 million) in total approved investments which is a 1,500 per cent increment from the previous RM11.5 million (USD2.6 million) investments for the same period in 2021. Meanwhile, the plantation and commodities sub-sector recorded RM109.1 million (USD24.8 million) of approved investments, an increase of 36.6 per cent from the previous RM79.8 million (USD19.2 million) investments for the same period in 2021.

Malaysia remains steadfast in its fundamentals as the pre-eminent preferred investment destination in the region and set to catapult the nation to stage its most robust recovery as we enter the stage of endemicity. As we forge ahead on the path of economic revitalisation supported by ongoing policy reforms and accelerated digitalisation, the government remains committed to prioritising the needs of our people and businesses.

As of August 2022, there are 276 projects with proposed investments of RM25.1 billion (USD5.6 billion) within MIDA’s pipeline; 198 projects are from the services sector (RM13.7 billion) (USD3.1 billion), while 78 projects are from the manufacturing sector (RM11.4 billion) (USD2.6 billion), all of which fall under MIDA’s purview.

According to the 2021 Global Services Location Index (GSLI) by global consulting firm Kearney, Malaysia is the world’s third most competitive Global Business Services (GBS) location, trailing behind India and China. This biannual index tracks the contours of the global landscape across 60 countries in four (4) major categories: financial attractiveness, people skills and availability, business environment, and digital resonance.

Moving forward, MITI and MIDA aspire to continue the momentum in securing new sustainable and inclusive investments to drive Malaysia’s economic growth. 

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, Linkedin and Youtube channel.

For more enquiries, please contact: 
Ms. Fatmah Ahmad
Director, Corporate Communications Division
Tel: +603-2267 2428 | Email: [email protected]

Malaysia Attracted RM123.3 Billion (USD28.0 Billion) of Approved Investments For The First Half Of 2022


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Malacca, 02 September 2022 – The Malaysian Investment Development Authority (MIDA) reaffirms its commitment to the country’s supply chain facilitation agenda by extending its support to Xinyi Energy Smart (Malaysia) Sdn. Bhd. (Xinyi Energy Smart)’s supply chain programme. Xinyi Energy Smart is the first overseas division of China’s leading integrated glass manufacturer, Xinyi Glass Holdings Limited.

Xinyi Energy Smart, located here at Elkay Industrial Park, Lipat Kajang, Jasin, is looking to expand its supplier base as part of its localisation plan. This supply chain programme seeks to establish a conducive supply chain ecosystem by partnering with local suppliers, vendors and service providers.  

MIDA, has played an instrumental role in helping Xinyi set-up its operations here, is supportive of the latter’s supply chain programme as it opens up opportunities for local suppliers to grow and develop their business. This is in tandem with the supply chain facilitation programme initiated by the Government of Malaysia, tasked to MIDA, to assist both domestic and foreign companies get the most out of their operations here.

“MIDA’s supply chain programme aims to create opportunities for domestic companies, narrow gaps in the supply chain, support multinational companies (MNCs) and Limited Liability Companies (LLCs) in outsourcing their manufacturing activities to domestic companies, as well as develop and upgrade the domestic companies. This in turn, will encourage the growth of domestic investments and encourage the adoption and adaptation of automation and the Fourth Industrial Revolution (4IR) by MNCs, LLCs and their vendors,” said MIDA Deputy Chief Executive Officer (Investment Development), Ms. Lim Bee Vian.

“MIDA is looking forward to the success of this programme in bridging the needs and opportunities between Xinyi and our local companies. Xinyi is also looking forward to building relationships with service providers, namely haulage and transportation services. MIDA welcomes industry players to explore our dedicated resources, wide range of facilities or consultation services to assist investors in expanding their operations here in the country. Xinyi has thus far invested approximately RM2.1 billion in Malaysia and created more than 1,900 job opportunities.” added Ms. Lim Bee Vian.

“MIDA continues to be vigilant in monitoring the dynamic changing landscape and work towards maintaining a resilient business environment which attracts quality investment, integrates local companies into global supply chains and creates high-value jobs and opportunities for Malaysians. Malaysia has managed to leverage on the strengths of its local value chain to fortify the country’s supply chain resilience in delivering critical goods at the height of the COVID-19 pandemic and will continue to remain resilient to minimise any future risks.” she added.

According to Xinyi Smart Energy Managing Director Datuk Sin Ket Hin, “Xinyi is appreciative of MIDA’s efforts to identify potential partnerships between foreign and local companies. The company is well aware that domestic investments are crucial for the growth of Malaysia’s industrial development and as such is delighted to collaborate in a win-win relationship.” 

“We are happy that the government has initiated the supply chain facilitation programme to assist investors to identify suitable local suppliers. This certainly will ease our efforts in sourcing for raw materials and transportation services as local suppliers sign up under our programme. We look forward to harness outsourcing opportunities offered by Malaysian companies particularly for our upstream and downstream needs,” he said.

-ENDS-

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channels.

About Xinyi

Xinyi Glass Holdings Limited, founded in 1988 and headquartered in Hong Kong, China, was listed on the main board of the Hong Kong Stock Exchange in February, 2005. As one of the world’s leading integrated glass manufacturers, Xinyi Glass is committed to the manufacturing of high-quality float glass, automobile glass and energy-saving architectural glass, and has a sales network covering over 130 countries and regions around the world.

Xinyi Glass actively promotes the globalisation of its business and continues to improve the global strategic layout. The company established its first overseas manufacturing base in Malacca, Malaysia to produce high quality float glass and coated glass. Xinyi Glass, with a market cap of over HK$56.5 billion and an annual revenue of over HK$ 30.4 billion, now has a total industrial area of over 7.37 million sqm and over 14,000 employees.

Xinyi Solar (Malaysia) Sdn. Bhd. was incorporated on 27 November 2014 to produce photovoltaic functional glass at Elkay Industrial Park, Lipat Kajang Jasin. Its second project in Malacca is Xinyi Energy Smart (Malaysia) Sdn. Bhd, producing float glass and float coated glass. The company also manufactures laminated glass windshields.  Xinyi’s investment in Malaysia is approximately RM2.1 billion, creating more than 1,900 jobs.

MEDIA CONTACTS:

MIDA:

Ms. Rozita Ibrahim
Director, Building Technology and Lifestyle, MIDA
Email: [email protected] | DL: + 603- 2267 3479

XINYI:

Mr. Abdul Hazim Bin Rahmat
Senior Manager, Public Relation, Xinyi Energy Smart (M) Sdn Bhd
Email: [email protected] | DL: + 6019-2555285

MIDA and Xinyi Energy Smart Partnered in Supply Chain Programme to Strengthen Domestic Resilience


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Kuala Lumpur, 29 August 2022 – Ten Memorandums of Understanding (MOUs) were signed and exchanged between Ajlan & Bros Holding Group and prominent Malaysian companies within the fields of manufacturing, electrical and electronics, aerospace, e-commerce, construction, healthcare, technology, entertainment and cybersecurity today. The formalised partnerships are anticipated to collectively represent potential investments of USD7.5 billion or close to RM34 billion (USD7.5 billion; BNM exchange rate USD1 = MYR 4.47).

Among the MOUs signed include collaborations between the Saudi conglomerate with Dagang NeXchange Berhad (DNeX), Aerodyne Systems Sdn. Bhd., National Aerospace & Defense Industries Sdn. Bhd. (NADI), Twistcode Technologies Sdn. Bhd., CyberSecurity Malaysia, Malaysian Genomics Resource Centre Berhad, Meta Universe Sdn. Bhd., Light Up 7 Sdn. Bhd. and My Events Sdn. Bhd.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) remarked, “Malaysia is looking for new collaborations to grow together and such partnerships with Ajlan & Bros Holding Group reaffirm our aspirations. During the Round Table Networking Session on 24 June 2022 with the group, we explored potential investments for prominent Malaysian companies in various sectors and identified the vast prospects for both parties to exploit for mutual gain. Indeed, Malaysia is keen to explore new opportunities in the Kingdom’s ambitious Vision 2030. While Malaysia has achieved numerous economic milestones, we must step up efforts to leverage on the opportunities to achieve greater economic success and build stronger and meaningful bilateral relations with the Kingdom. Our home-grown companies must be well-positioned to emulate success stories like Ajlan & Bros Holding Group into their corporate transformation programme.”

“The Kingdom of Saudi Arabia has become a successful model for many countries around the world to develop entrepreneurship and economic diversification. Their prominent companies need no introduction, having won international accolades and prestigious awards. This fits well with our National Investment Aspirations (NIA) which encourages a sustained flow of quality investments in new and complex growth areas. Through this initiative, NIA aims to foster quality innovation and sophisticated projects in Malaysia,” added the Senior Minister.

Datuk Wira Arham Abdul Rahman, MIDA CEO said, “We are proud that Ajlan & Bros Holding Group will be partnering our local companies to access the wider market in the ASEAN region. MIDA has been working closely with Ajlan & Bros Holding Group and we are optimistic that this collaboration will be a stepping stone to provide more rewarding connections for both our business communities.”

He added, “Our players will also be leveraging this partnership to enlarge their footprint globally in the Kingdom. MIDA continues to empower and motivate the private sector through active communication channels and facilitating investor connections, creating a lucrative investment environment that characterizes the abundance of qualitative enablers and competitive advantages.”

Ajlan & Bros Holding Group is among the Forbes List of Top 100 Arab Family Businesses in the Middle East for 2021. The Group has been actively expanding its presence globally through partnerships and collaborations across a variety of industry sectors. The Chairman of the Group, Mr. Ajlan Bin Abdulaziz Al Ajlan is also the Chairperson of the Council of Saudi Chambers of Commerce and Industry (CSC) where he represents the Riyadh Chamber of Commerce and Industry.

“The move aims to strengthen existing economic relations between two countries by developing effective programmes and mechanisms for collaboration in efforts for all future projects of mutual interests and thereafter. Partners will co-operate and work together in the fields of trade, investment, knowledge exchange, and facilitate joint economic efforts during the next stage, thereby promoting sustainable economic development in both countries.” said Sheikh Mohammed Abdulaziz Al Ajlan, Vice Chairman Ajlan & Bros. Holding Group.

As of March 2022, Malaysia has recorded a total of 18 approved manufacturing projects with Saudi participation, amounting to RM5.13 billion (USD1.65 billion) of investments. These projects are anticipated to create 2,560 jobs across industries such as chemical and chemical products, food manufacturing, electronics and electrical products, textiles and textile products, plastic products, non-metallic mineral products, machinery and equipment as well as scientific and measuring equipment.

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ABOUT MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

ABOUT AJLAN & BROS HOLDING GROUP

Ajlan & Bros Holding Group is part of Ajlan & Bros Group of Companies, which is a multinational investment conglomerate and headquartered in Saudi Arabia with extensive global private equity, real estate and industrial investments.

For further information, please contact:

Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
Tel: 03-2267 6650 | Email: [email protected]

Dr. Abdul Khaliq Rasheed
Consultant, Malaysia/ASEAN, Ajlan & Bros Group
Tel: +966114665555 | M: +60189875941

Strategic MOUs Inked Between Ajlan & Bros Holding Group and Notable Malaysian Companies


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August 29, 2022, Malaysia – A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA), to drive high-quality investments into Malaysia as one of the logistics hubs in ASEAN, creating better synergies and value-added services for customers, and contributing to the growth and development of the supply chain sector in the Malaysian economy.

The MOU has been signed by Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of MIDA and Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia and Singapore today at MIDA Headquarters in Kuala Lumpur.

“Logistics is a cornerstone of Malaysia’s economy. By connecting suppliers to manufacturers, and consumers to businesses, we support the growth of various industries. I applaud Maersk for their continuous efforts in taking the lead on initiatives to uplift the logistics industry. The MOU with Maersk will bring in more targeted global investments into Malaysia through strategic and value-added engagement approach to multinational companies. By leveraging Maersk’s capabilities in integrated logistics, we can transform Malaysia into a regional logistics hub in ASEAN, further boosting infrastructure development and free trade,” says Sivasuriyamoorthy Sundara Raja, DCEO, Investment Promotion and Facilitation of MIDA.

Both parties will work together to attract high-tech and high impact investments in sectors including automotive, electrical and electronics (E&E), machinery and equipment, medical devices, aerospace, renewable energy, and consumer technology. Meanwhile, the two sides will build a mutually beneficial eco-system in focus markets to maximize FDI opportunities into Malaysia.

“As our customers are reconfiguring their supply chains to make them more agile, resilient & sustainable, Maersk is constantly growing our logistics footprints globally to support this transformation for our customers. With the ambition to provide truly integrated logistics to our customers, this collaboration with MIDA allows us to leverage our strengths and combine with Malaysia’s geographical advantage to mount solutions in the region,” says Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia and Singapore.

“One of Maersk’s key focuses has been creating value to our customers in the geographies that we operate in. This MOU is a strong testament, and we expect that through our cooperation with MIDA, we can help position Malaysia as an attractive investment destination for potential investors. The country’s geostrategic position has made it a natural hub. By further enhancing Maersk’s logistics strength, we will contribute towards the growth and development of Malaysian supply chain sector,” adds Goh Hean Chun, Managing Director, Maersk Malaysia.

Maersk Malaysia commenced its operations in 1975. Today, Maersk employs more than 300 staff with representations in 12 locations throughout Malaysia and warehouse facilities in seven locations with a capacity of up to 68,000 sq metre. More locations and capacity are expected to be added in the near future.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube.

About Maersk

A.P. Moller – Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 100,000 people. Website: www.maersk.com

For more information, please contact: 

MIDA:
Ms. Habibah Binti Enok
Director, Oil and Gas, Maritime and Logistics Division, MIDA
E: [email protected]
T: +603-2267 3539

Maersk:
Bonnie Huang

Media Relations Manager, Maersk Asia Pacific[email protected]

MIDA And Maersk Enter Into Strategic Partnership To Promote Investments In Malaysia


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Farnborough, 20 July 2022 – The Malaysian Government is participating at the Farnborough Air Show 2022 as to kick start the 10 month promotion campaign for the Langkawi International Maritime & Aerospace Exhibition or better known as LIMA.

Alpine Integrated Solution Sdn Bhd , the appointed organiser for LIMA 2023 is exhibiting at MATRADE’s Malaysia Pavilion at the Farnborough Air Show 2022 (FIA) being held from 18 – 22 July 2022. The FIA is a biennial trade show for the aerospace and defence industries that is attended by aerospace giants such as Airbus, Boeing, Embraer, and Lockheed Martin, BAE Systems.

MATRADE’s goal in attending FIA is to demonstrate Malaysia’s current aerospace eco-system, while fostering industrial ties with OEMs and Tier 1 & Tier 2 suppliers from across the world. Located in Hall 1 (Stand Number 1251), the Malaysia Pavilion comprises a total of 14 Malaysian companies and three (3) government agencies who will take part in the five-day event organised by MATRADE under the Malaysia Pavilion.

The 16th Installation of the Langkawi International Maritime & Aerospace Exhibition or better known as LIMA will be run from 23 to 27 May 2023 in Langkawi Island and will be jointly organised by the Ministry of Defence and the Ministry of Transport, Malaysia.  

Whilst the Ministry of Defence will champion the defence and security elements of LIMA 2023,  the Ministry of Transport will promote the commercial segment for the maritime and aerospace industries which is estimated to comprise 40% of LIMA .

The exciting synergies between the two Ministries as well as relevant agencies and stakeholders will make LIMA 2023 one of the most anticipated events of its kind in the region and beyond.

Some 30% of space has already been taken up by local and international players from both the defence and commercial segments with an anticipation of another 20% by the end of the week at FIA.

LIMA is by far the only show of its kind in the world. The showcasing of both the Maritime and Aerospace industries under one roof every 2 years in serving the Asia Pacific region is both unique and niche . No other show anywhere else in the world carries this portfolio or profile .

“We foresee that LIMA 2023 will break all previous records and achieve an upward trajectory in numbers. We expect the participation of some 600 exhibitors from nearly 30 nations. Among them, there will be some 20 International Pavilions from the UK, USA, Middleast, France, Italy, Indonesia, India, Pakistan, Singapore, Japan, Korea and many more,” says the Secretary General of the Ministry of Defence , Dato’ Sri Muez Bin Abd. Aziz .

The commercial sector for maritime and aerospace will focus on core products and services , ancillary services, latest technological advancement and education, academic and career opportunity. Besides that, the Ministry of Transport aims to work closely with other Ministries including the Ministry of Science, Technology, and Innovation as well as the Ministry of Communications and Multimedia in order to acquire the participation of more companies from other key sectors such as agriculture, logistics, creative media and recreation, environmental conservation, estate planning , construction and energy.

“Based on current trends and development, Malaysia has witnessed the upward trajectory in the drone industry with at least 200 drone companies who have been identified currently operating in Malaysia. We have local companies who have successfully become the catalyst and drivers in the drone industry and these companies can use this platform to further expand their potential business opportunities not just locally but globally as well.  I am pleased to say that the DRONE technology zone will become one of the anchor highlights of LIMA 2023 “, says Datuk Isham Ishak, Secretary General of the Ministry of Transport.

Futurise Sdn Bhd, a company under the Ministry of Finance which has been mandated by the Government of Malaysia to lead the National Regulatory Sandbox (“NRS”) will be making its first appearance at LIMA 2023 where they will be heading a drone pavilion, in collaboration with the Ministry of Transport Malaysia for Malaysian drone exhibitors to stage their latest high performance drones.

Also present at FIA 2022, YBhg. Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA remarked “MIDA is pleased to announce the successful organisation of a panel session at FIA 2022 themed “Business and Investment Opportunities for Drones and Urban Air Mobility (UAM) in Malaysia. FIA 2022 has indeed laid the groundwork for Malaysia to expand into new areas of growth in the aerospace industry. We hope that investors will take advantage of the opportunities offered by Malaysia and participate in LIMA 2023.”

“Another key feature we are planning to organise is a Regional Airlines CEO Forum during LIMA 2023. The key objective of this forum would be to gather the leadership of the top airlines in the region to deliberate and discuss the future trends in the travel industry amongst other key issues   “,added Datuk Isham.

Besides that, LIMA 2023 is expected to comprise 20 International Pavilions , 45,000 Trade visitors and some 238,000 public visitors whilst some 380 foreign delegations from 41 nations is forecasted to visit.

There will be around 100 aircraft which will be on static display as well several aerobatic teams who will take part in the spectacular air show which will be conducted on a daily basis. On the Maritime front , 100 ships/vessels are also anticipated to be docked for VIPs and Visitors to visit and inspect .

“LIMA 2023 is all set to become the best platform for global defence industry players specifically in the aerospace and maritime fields to have face to face in person meetings and discussions after the Covid 19 pandemic. This by default creates more opportunities for local companies to engage and strike business dealings with global players in the form of MOUs and JVs which is very much in line with the National Defence Policy which is being curated even as we speak”, added Dato’ Sri Muez .

The Chairman of Alpine Integrated Solutions, Tan Sri Dato ‘Seri Mohd Khairul Adib says, “ I am pleased to share that the overall components and elements of LIMA will include a large indoor exhibition which will cover the entire Mahsuri International Exhibition Centre (MIEC) where all booths, pavilions, technical presentations, industry zones including SMEs and Startups amongst others will be showcased. Hospitality Chalets, aircraft static displays as well as the aerobatic shows will be on show outside the MIEC venue.  There will be some new features and highlights during LIMA such as a dedicated Space Technology zone comprising some 30 to 50 companies showcasing their technology and services in the space industry as well as a Space National Level Conference , a wholistic Youth programme focussing on education and career development whilst providing leisure through an egames convention and tournament as well as a segment on Women In Defence and Women In Transport “.

LIMA 2023 will be held in the beautiful Langkawi Island located in the northern state of Kedah. Some 30km off the west coast of mainland Malaysia lies an archipelago of over 100 islands in the turquoise waters of the Andaman Sea .  This is the Langkawi groups of islands , coveted as the Jewel of Kedah.

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For more information on LIMA 2023, please contact Ms Anita Jacobson at +60124076973 or email [email protected] or Mr Areif Md Shah at +60138655463 or email : [email protected]

Also visit the LIMA 2023 Official Portal :  www.limamalysia.com.my.

Farnborough Air Show: Vital Platform to Promote LIMA 2023


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Kuala Lumpur, August 25, 2022 — The Malaysian Investment Development Authority or MIDA hosted its Invest Series: Unfolding States ‘Business Potential’ on 25 August 2022 at Perdana Hall, MIDA Sentral, Kuala Lumpur, in collaboration with the Terengganu State Government through its investment promotional arm, Invest Terengganu. The event, which was previously held annually but had to be halted for the past two years due to the COVID- 19 pandemic, returns this year as an effort by the respective government agencies to highlight investment opportunities in Terengganu, drawing inspiration from Terengganu’s Chief Minister YAB Dato’ Seri Dr. Ahmad Samsuri Mokhtar’s slogan, “Your investment destiny starts here, Terengganu. We will transform your investment into reality”.

Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA remarked “We are pleased to continue the momentum by presenting the first state, under the second round of the Invest Series programme, by highlighting the competitive advantage of investing in the Terengganu state. I applaud the state for its intensified efforts to focus on pursuing more high quality, capital-intensive projects and those that support the sustainable development agenda. This trajectory is aligned to the Shared Prosperity Vision (SPV) 2030 and the Twelfth Malaysia Plan (RMK12). The targeted investments by the state is also aligned well with Malaysia’s National Investment Aspirations (NIA) and Environmental, Social and Governance (ESG) principles.”

“Terengganu has been one of the preferred and selected states for investment by the business community. From 2017 to June 2022, there were 29 manufacturing projects approved and implemented in Terengganu with a total investment of RM2.3 billion. More than half of these investments were from foreign sources, recording a total of RM1.27 billion. These projects have been instrumental in creating over 1,727 job opportunities, mainly in the fields of petroleum products (including petrochemicals), chemicals and chemical products, non-metallic mineral products, wood and wood products, as well as machinery and equipment.” Datuk Arham added.

“The Kerteh Bioplymer Park, an East Coast Economic Region (ECER) hub for bio-economy and specialty chemicals that spans over 140-hectares is growing fast with both Phase 1 and Phase 2 fully taken up. The third phase of the park opened last year to accommodate growing demand from investors. To date, the total accumulated investment in Kerteh Biopolymer Park has increased to RM5.6 billion, with more than 5,000 employment created for the people of Terengganu” said Dato’ Haji Tengku Hassan Tengku Omar, Chairman of Terengganu State Committee for Trade, Industry, Regional Development and Administration Wellbeing.

“Terengganu has committed itself to increase economic growth by adding more industrial parks which are Kerteh Terengganu Industrial Park, Pulau Kerengga Industrial Park and Terengganu Silica Valley. This is another step towards making sure that there are good prospects not only now but into the future in Terengganu” Dato’ Haji Tengku Hassan added.

The potential for profit in the state is vast. With rich natural resources and incentives provided by both local agencies as well as federal ones, it would be hard not to see what’s     on offer when looking at investing here. The state currently has 25 industrial areas covering    4,158.26 hectares of land, located in one of the most vital maritime routes, offers competitive cost of doing business and excellent infrastructure. In addition, access to the East Coast Railway Link (ECRL) with a total length of 688 km and a route connecting Port Klang, Selangor, Pahang, Terengganu, and ending in Tumpat, Kelantan that will be completed by the year 2026 will also serve as a catalyst for significant economic  spill over benefits for Terengganu. With 12 flights to and from Kuala Lumpur, the deepest water depth port in Kemaman and 358 km of dual-carriage ways running from Kuala Terengganu to Gombak of the east coast highway makes them a vital and strategic link, promoting future growth of the state’s economy.

The State Government has identified a group of clusters that it will be focusing on in order to create sustainable and innovative industries. These include tourism, manufacturing, oil and  gas, biotechnology, communications, content, infrastructure and emerging technologies.

The tourism cluster presents a huge opportunity for investment in the industry. This cluster include   Urban, Eco and Island Tourisms as well 202 new or existing products which provide potential to grow exponentially with time. Meanwhile, the manufacturing sector has its sights set in two different areas: maritime or marine-based industries which cover shipbuilding/maintenance   repair and overhaul as well wood-based manufacturing needs for future development opportunities. With the focus towards onshore and offshore activities, the oil and gas industry spans a wide array of opportunities from extraction to distribution.

The biotechnology industry on the other hand focuses on producing products from renewable waste, agriculture and aquaculture projects while at the same time strengthening  supply chains in bio-technology through Bio Medical goods for pharmaceuticals or wellness purposes. Terengganu States’ goal is not just to become a hub for trade, but also educational  and entertainment centres with opportunities ranging from the family-oriented fun to edutainment content creation. Terengganu State is also taking advantage of Industry 4.0 to help grow and advance its economy while also making it more competitive in the international markets.

Participants can expect a comprehensive introduction to the Terengganu State’s business and investment opportunities and details on assistance and facilitation to companies and potential investors. This event is important to highlight and attract potential high-value and high-tech investment projects to the state of Terengganu from  both domestic and foreign investors,  thus creating quality employment for the local people.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube.

About Invest Terengganu

The Invest Terengganu Unit is a division in Unit Perancang Ekonomi Negeri Terengganu that aims to resolve socio-economic issues and increase household income through new business opportunities, develop entrepreneurs, and promote economic activities across urban areas of the state. Its vision and mission is to be a major player in the country’s investment hub, working towards creating an attractive environment for investors and explore new opportunities along these lines.

For more information, please contact:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 3685

Invest Terengganu
Mr. Mohd Adzhar Bin Mohd Zahari
General Manager
T: +6012-693 2961

Unit Perancang Ekonomi Negeri Terengganu
Mr. Hanif Bin Sulaiman
Assistant Secretary of State, Trade, Industry,
Regional Development and Administration Wellbeing
T: +6014-8096299

MIDA Collaborates With Invest Terengganu To Highlight The State’s Investment Opportunities


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Kulai, 25 August YTL Power International Berhad (‘YTL Power”), through its subsidiary, YTL Data Center Holdings Pte. Ltd. YTL DC and Sea Ltd. marked a milestone today with a ground breaking ceremony for the development of the Sea Data Center, the first phase of the 500MW YTL Green Data Center Park and a RM1.5bil investment into Johor, Malaysia. The first phase will be a Tier III certified facility equipped with best in class green power and connectivity which will be able to accommodate up to 72MW of capacity.

With YTL DC’s expertise and experience in building and managing data centers fibre infrastructure and renewable energy, the YTL Green Data Center Park will be the largest of its kind regionally, spearheading Johor’s position as a world-class data hub.

Menteri Besar of Johor, YAB Dato’ Onn Hafiz Ghazi, who officiated the event commented on how the Green Data Center Park will impact the state, “As Johor has grown exponentially over the past few years, we welcome developments such as these, particularly green and sustainable projects that will boost the state’s economy. The digital economy has thrived since the pandemic, and this project will provide employment opportunities that will attract diverse multiskilled talents to the state, making Johor attractive to foreign direct investments. Importantly, we are proud that Johor is gaining momentum in the regional data center market where YTL DC plays an important role in the value chain.”

Also present to witness the event was Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority ( She said, “Companies today are strongly encouraged to embrace digitalisation because such advances enable businesses to innovate and thrive in an increasingly digital world. The establishment of such data centers here will push industry aspirations further. Today’s event is a testament to Malaysia’s capability to host such projects due to our advancements in digital infrastructure and YTL DC and S ea Limited’s capabilities to drive such projects in this region.

“With the combined efforts from the Government through MyDIGITAL blueprint and the establishment of Digital Investment Office (DIO) it will allow Malaysia to realise our vision of being the digital capital of Asia, a vibrant and leading edge location for companies to meet their data management and analysis needs in a sustainable manner. As Malaysia embarks on its journey to become a smart nation, I believe that YTL DC will play a key role in building our digital infrastructure.” added Ms. Lim.

With Sea being the anchor tenant for YTL’s Data Center Green Park, the new three storey green facility will help reduce its carbon footprint and meet sustainability goals. Targeted to be completed by the first quarter of 2024, the green building will feature 24 data hall suites, M&E rooms, office space, storage, and parking facilities.

“This essentially means that YTL will be able to meet the infrastructure, power, and connectivity needs of our operations in the region, with Johor’s state government and MIDA as our key expansion partners. We are committed to investing in the growth of the digital economy in Malaysia, and in Johor in particular, and contributing to Malaysia’s Digital Economy Agenda.” said Ye Gang, Sea’s Co founder Group Chief Operating Officer.

Dato Yeoh Seok Hong, Managing Director of YTL Power added, “This marks a new phase of our partnership with Sea Ltd. We are excited to provide world-class, green infrastructure to our partners using our Group’s deep expertise in solar energy, data centers, telecommunications, construction and property development. With the overwhelming interest that we have received, it is our vision that the YTL Green Data Center Park will be the largest and most successful of its kind in Asia.”

The YTL Green Data Center Park is expected to be a catalyst of the digital infrastructure in Johor. Not only will it transform Johor’s economy by tapping into new high growth areas but it is also expected to spur the local economy by creating a conducive, productive and competitive business environment which will further improve the social well-being and quality of life for Malaysians.

Also present at the ceremony were representatives from various state and federal organizations, including the Iskandar Regional Development Authority (IRDA), Tenaga Nasional Berhad (TNB) as well as other distinguished guests.

Earlier this April, YTL DC had announced the development of the 275 acre data center campus in Kulai, the largest data center park in Malaysia.

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry ( to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kua la Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Sea Limited
Sea Limited (NYSE: SE) is a leading global consumer internet company founded in Singapore in 2009. Our mission is to better the lives of consumers and small businesses with technology. We operate three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a leading global online games developer and publisher. Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a leading digital payments and financial services provider in Southeast Asia.

About YTL Power International Berhad
YTL Power International Berhad (YTL Power) is an international multi-utility infrastructure group with a strong track record in developing greenfield projects and acquiring operational assets through competitive auctions. YTL Power is listed on the Main Market of Bursa Malaysia a Securities Berhad, the Malaysian stock exchange, and is active across key segments of the international utility industry. YTL Power, Malaysia’s first independent power producer, owns Wessex Water Limited, a water and sewerage provider in the United Kingdom, and YTL Power Seraya Pte Limited, owner of the electricity retailer Geneco, which has a total licensed capacity of 3,100 MW in Singapore. YTL Power has a minority stake in PT Jawa Power, the owner of a 1,220 MW coal-fired power plant in Indonesia. YTL Power is involved in communications and internet-based solutions and services through YTL Communications Sdn Bhd – the operator of the “Yes” telecommunications platform, the first telco to launch 5G services in Malaysia. YTL Power is also currently developing Brabazon, Bristol, a mixed-use residential and commercial property project in the UK.

About YTL Data Center Holdings Pte. Ltd.
YTL Data Center Holdings Pte. Ltd. (YTL DC) is the digital infrastructure subsidiary of YTL Power. Headquartered in Singapore, it enables digital technology leaders to utilise trusted infrastructure that can empower their success. The company offers data center services that enable scaling with agility and speed, delivering comprehensive customer centric solutions. For more details on YTL DC, please visit: http://ytldatacenters.com

For media enquiries, please contact:

MIDA
Ms. Rosedalina Ramlan
Director, Business Services and Regional Operations Division, MIDA
Email: [email protected] | DL: 603-2267 3515

SEA LIMITED
Investors/analysts: [email protected]
Media: [email protected]

YTL DC
Ms. Nina Jamil
Mobile: +60123874322
Email: [email protected]

Ms. Adriana Aris
Mobile: +60183093741
Email: [email protected]

YTL Data Centers and Sea Break Ground with the RM1.5bil First Phase of the 500MW YTL Green Data Center Park in Johor


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Kuala Lumpur, 15 August 2022 – The Malaysian Investment Development Authority (MIDA) and PERODUA are gearing up through a strategic partnership to introduce the MIDA-Perodua Digital Transformation Ecosystem Programme that was held today at MIDA’s headquarters. The programme aimed to upgrade local automotive suppliers to the next level by using cutting-edge technologies and machinery and to digitalise their manufacturing processes through adoption of Industry 4.0.

“Local companies play a major role in building the nation’s industry ecosystem–geared to support large companies and MNCs. The initiation of the MIDA-PERODUA collaboration in 2020 was crucial to ensure a steady development of our local player’s capabilities in the automotive industry. Under MIDA’s initiative to facilitate these companies to adopt digitalisation and Industry 4.0, we have been successful to contributing immense growth in PERODUA’s manufacturing volume, through the empowerment of its industry partners and service providers.” said Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA.

“The Government has undertaken concerted efforts to review existing policies and recalibrate investment strategies to ensure that Malaysian business environment remains conducive to global investors. The Government has also been persistently undertaking efforts to promote and facilitate local companies to scale up and accelerate their adoption of smart manufacturing and Industry 4.0 technology through various incentives and facilities.” added Datuk Arham.

For 2022, MIDA continued its initiatives through domestic investment seminars, engagement with national associations and chambers of commerce, industry linkage/supply chain programmes and domestic investment coordination platform commitments. MIDA will endure to coordinate business-matching sessions between anchor companies and potential local suppliers/providers within specific industries, from networking arrangements for companies and potential funders and technology providers. As of 30 June 2022, 238 Malaysian-owned companies were approved with business grants valued at RM138.5 million. The recipients were SMEs from labour-intensive industries such as plastics, wood, furniture and textiles, while the rest were from services-related industries.

Meanwhile Dato’ Sri Zainal Abidin Ahmad, PERODUA President and Chief Executive Officer said “The MIDA-PERODUA Digital Transformation Ecosystem Programme is aligned with the Government’s efforts to enhance local technology ecosystem development activities in terms of supply and value chains, research and development activities, and innovation and commercialisation.

The programme has shown a promising sign as the first group of participants had implemented their proposed projects. This event is to showcase the first group’s progress as well as to welcome the second group into the project as they too have presented feasible Industry 4.0 ideas to be implemented within their operations.”

He added “the implementation of Industry 4.0 is not only for the automotive supplier’s benefit, but the impact of this programme will contribute greatly to the national’s digital transformation agenda. The programme also can fast track Malaysia’s industries, from small to large, as it provides both funds and guidance. PERODUA’s role has always been to develop the automotive ecosystem and this programme is another example of our commitment towards this objective.”

The first phase of MIDA-PERODUA strategic partnership has brought forth three (3) potential PERODUA friendly partners, including LSF Technology Sdn.Bhd., J.K. Wire Harness Sdn. Bhd. and Autoliv Hirotako Safety Sdn. Bhd. These companies have also been granted Domestic Investment Strategic Fund (DISF) as part of the Government’s initiative to assist the local companies to embark into the global supply chain.

Under this similar programme, MIDA and PERODUA have identified five (5) new vendors that has shown much potential and growth opportunities. These includes Armstrong Auto Parts Sdn. Bhd., Ingress Aoi Technologies Sdn. Bhd., Namicoh Suria Sdn. Bhd., P.D. Kawamura Kako Manufacturing Sdn. Bhd. and Kumpulan Jebco (M) Sdn. Bhd.

MIDA, being the pivotal principal promotional agency of Malaysia, will be extending their support services to help more companies obtain growth in terms of productivity, talent and bridging financial and technology gaps. The agency is confident that through such facilities and empowerment measures, these automotive players will be able to increase their business offerings and expertise to innovate its products and services and climb the supply chain ecosystems.

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About PERODUA
Established in 1993, Perodua is Malaysia’s Leading compact car maker. The company designs car for local lifestyles and builds them to meet industry-leading quality standards. To learn more about the Perodua driving experience, please visit www.perodua.com.my.

Media contacts:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 3685

PERODUA
Mr. Ahmad Tamimi Omar
Manager,
Strategic Communications Department
Corporate Relations & Communications Division, Perodua
Email : [email protected] | +6019-262 0658

MIDA and PERODUA Geared Up Through Strategic Partnership in Enhancing Local Auto Suppliers to Embrace Digitalisation


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Founded by local games industry pioneers, Virtuos Kuala Lumpur supports the growth of Malaysia as a regional game development hub through talent training and jobs creation

Singapore, 12 August 2022 – Virtuos, a leading global video game development company, today announced the official launch of its studio in Kuala Lumpur, Malaysia. Virtuos Kuala Lumpur delivers full game development, engineering, and art production services to some of the world’s biggest game developers and publishers. It is part of Virtuos’ global network of studios, which has contributed to iconic games including Assassin’s Creed, Call of Duty, Demon’s Souls, Final Fantasy, Horizon Forbidden West, and Medal of Honor: Above and Beyond for Meta Quest 2.

Left to right: Boon Yan Toh, Mufizal Mokhtar, Ian Ng Siong Yoong, Noorazhar Mohd Noor, and Johaness Reuben

Helmed by Mufizal Mokhtar as General Manager, Virtuos Kuala Lumpur was founded by a team that includes veteran AAA game developers with over 20 years of experience each, and who have returned home to launch the studio. The team comprises Boon Yan Toh as Studio Operations Director, Ian Ng Siong Yoong as Studio Production Director, Noorazhar Mohd Noor as Senior Lead Artist, and Johaness Reuben as Technical Art Director. Since the studio’s soft launch in early 2021, its team has grown to 90 employees.

“I am pleased to return home to build Virtuos Kuala Lumpur alongside some of my closest friends and pioneers in the industry,” said Mufizal. “We are excited to play an active part in Malaysia’s game development industry and the growth of its digital ecosystem. Thanks to the support of the Malaysian Government and our global Virtuos network, we look forward to welcoming the best talent to our multicultural team and making games better, together.”

At the forefront of Malaysia’s growing games industry

The launch of Virtuos Kuala Lumpur will be a significant addition to Malaysia’s fast-developing video games sector. In collaboration with the Malaysian government, Virtuos will focus on further expansion and the training of new talent. 

Datuk Arham Abdul Rahman, CEO of MIDA, said, “The exponential growth of the global gaming industry has been remarkable as this industry presents many opportunities and a huge potential for growth. The establishment of a Virtuos studio in Malaysia is in line with our efforts to attract creative quality investments, which contribute to a rich and diverse digital media sector and create high-value job opportunities, allowing many young talent to pursue their passion for gaming by making a global impact with fun, creative and original IP conceptualized and developed in Malaysia”.

He added, “With the global gaming revenue projected to reach USD219.90 billion in 2022, continuous technological advancements in the gaming industry are significantly leveling up the way games are created and improving the overall gaming experience for the users. MIDA will continue to play an active role in promoting the gaming industry which will contribute to a sustainable digital ecosystem and position Malaysia atop the list of digital nations. We want to assure companies such as Virtuos that Malaysia can be your home, and we stand ready to support the growth of this industry.” 

Mahadhir Aziz, CEO of MDEC, said, “MDEC would like to congratulate Virtuos on their expansion to Malaysia. As a globally-renowned video game development company, their presence is evidence of the nation’s vibrant creative digital content ecosystem, and further proof of our role as the regional hub of choice. Virtuos’ commitment towards developing digital talent and creating high-value job opportunities is aligned to the goals of Malaysia Digital. MDEC is looking forward to collaborating closely with Virtuos in supporting their future endeavours”.

Gilles Langourieux, CEO of Virtuos, said, “With the launch of Virtuos Kuala Lumpur, we are excited to contribute to Malaysia’s digitalization and growth as a regional game development hub. We have ambitions to grow our local headcount to 300 by the end of 2025, and become one of Malaysia’s top studios that deliver full-cycle game development expertise and quality projects for our partners worldwide.”

Strategically located between Virtuos’ Singapore headquarters and its largest Asian studios in China and Vietnam, Kuala Lumpur is a natural expansion for Virtuos worldwide. The expansion also builds upon Virtuos’ launches in Lyon and Montreal, as well as its acquisitions of Glass Egg in Ho Chi Minh City and Volmi in Ukraine this year.

ENDS

About Virtuos
Founded in 2004, Virtuos is a leading global video game development company headquartered in Singapore with studios across Asia, Europe, and North America. With over 3,000 full-time professionals, Virtuos specializes in game development and art production for AAA consoles, PC, and mobile titles, enabling its partners to generate additional revenues and achieve greater operational efficiency.

For over a decade, Virtuos has successfully delivered high-quality content for more than 2,000 projects and its clients include 18 of the top 20 digital entertainment companies worldwide. More information at www.virtuosgames.com.

Virtuos Kuala Lumpur is actively hiring and welcoming applicants interested in embarking on this next phase of growth with the studio. For more information, please see open positions here or contact [email protected].

About Malaysian Investment Development Authority (MIDA)
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About Malaysia Digital Economy Corporation (MDEC)
Malaysia Digital Economy Corporation (MDEC) is a government agency under the purview of the Ministry of Communications and Multimedia Malaysia entrusted to lead Malaysia’s digital economy forward. Incorporated in 1996 to oversee the development of the MSC Malaysia initiative, MDEC’s primary mandate today is to accelerate the growth of digitally-skilled Malaysians, digitally-powered businesses and digital investments in Malaysia. MDEC is focused on creating inclusive, high-quality growth through the nationwide digitalisation initiatives that are in line with the Government’s Shared Prosperity Vision 2030 and firmly establishing Malaysia as the Heart of Digital ASEAN.

#MYMDEC #HeartofDigitalASEAN #SayaDigital

To find out more about MDEC’s initiatives, please visit www.mdec.my or follow: 

Facebook: https://www.facebook.com/MyMDEC/

For media enquiries, please contact: 

Media contact for Virtuos
Zuhaili Marican
[email protected]
+65 8468 7182

Media contact for MIDA
Ms. Rosedalina Binti Ramlan

Director, Business Services and Regional Operations, MIDA
[email protected]
+603-2267 3515

Media contacts for MDEC
Hazel Hassan
[email protected]

Virtuos Bolsters Southeast Asian Presence With Launch Of Game Development Studio In Kuala Lumpur 


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The work begins on a new facility aimed at expanding the Company’s position as a global leader in the manufacturing and assembly of cutting-edge materials in the semiconductor manufacturing equipment field.

Kedah, 9 August, 2022 — Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, today announced the groundbreaking ceremony to begin construction of its new manufacturing facility at Kulim Hi-Tech Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA). The plant which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment is designed to meet customer needs while also expanding the Group’s business globally.

The ceremony was attended by YB Dato’ Wira Dr. Ku Abd Rahman bin Ku Ismail, Senior State Exco of Industrial and Investment, Science, Technology and Innovation and Higher Education; Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of MIDA; YBrs. Mr. Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of Invest Kedah; Dr. Haji Nadzman Bin Mustaffa, President of Kulim Municipal Council (MPKK); YBhg. Dato’ Mohd Sahil Zabidi, Group CEO of Kulim Technology Park Corporation Sdn. Bhd.; Mr. Eiji Miyanaga, Chief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd., and Mr. He Xian Han, Group Chief Executive Officer of Ferrotec Holdings Corporation, as well as other distinguished guests.

“Today’s event is a testament of Ferrotec’s reputation as a global leader in the manufacturing and assembly industry for the past 42 years. This project does not only demonstrate Ferrotec’s confidence in Malaysia’s long-term investment propositions, but also the thriving state of the manufacturing industry in Malaysia. We aim to distinguish ourselves from our competitors based on these intangible factors – competitive business environment and cost advantages, well-developed infrastructure and the availability of technical and management talents.” said Ms. Lim Bee Vian, Deputy CEO (Investment Development) of MIDA.

Ms. Lim also emphasized that despite facing competition from the low-cost production countries, Malaysian machinery and equipment (M&E) companies continue to thrive in producing high value-added products and integrated services, supporting the needs of the MNCs’ in their effort to serve their customers better. MIDA aims to facilitate such companies by facilitating continuous investment opportunities to expand their operation capabilities to improve output quality and volume.

“Ferrotec has seen increasing demand for our products and services in Asia. With the start of construction on this new production facility in Malaysia, Ferrotec is committed to continue driving its effort to fulfill the increasing capacity demands and improved business continuity that are vital to our customers success,” said Eiji Miyanaga, Chief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd..

To continue transforming the industry, the Malaysian Government encourages investors to invest in state-of-the-art technologies that can support advanced manufacturing processes across supply chains.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube.

About Ferrotec

Founded in 1980, on a technology core of Ferrofluid magnetic liquid and Ferrofluidic® sealing products, Ferrotec Holdings Corporation (6890 TSE Standard) is a worldwide leader in the supply of materials, components, and precision system solutions for industrial businesses. Ferrotec is a diversified world-class industrial organization with a global presence in a broad array of technology driven end markets (semiconductors, automotive, biomedical applications, smart phones, LEDs and FPDs). More information about Ferrotec’s products can be found at www.ferrotec.com

For more information, please contact:

Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division, MIDA
E: [email protected]
T: +603-2267 3628

Mr. Tom McKee
Marketing Communications Manager
E: [email protected].com
T: +1 (408)-964-7700

Ferrotec Holds Groundbreaking Ceremony for Its New Factory In Kedah, Malaysia


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Kuala Lumpur, 8 August 2022 – OCIKUMHO, Malaysian subsidiary of South Korean poly-si producer OCI Company Ltd. and South Korea-based Kumho P&B Chemical Inc has made an announcement on their partnership to manufacture Epichlorohydrin (ECH) at Samalaju Industrial Park, Sarawak. The production that has a capacity to produce up to 100 KTPA, announced that the construction of the facility will commence in the first quarter of 2023, with test operation to start in the first quarter of the following year.

Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA said “Malaysia’s chemical industry presents many possibilities for growth and development. Companies are welcomed to partner and leverage Malaysia to move up the value chain and seize new opportunities. Malaysia is fortunate to host global companies like OCIKUMHO and facilitate their journey to explore opportunities across our economic sectors. This will benefit the nation with many new business opportunities for chemical companies where it will support and strengthen the industry ecosystem in Malaysia due to ECH availability.

We are committed to positioning this industry well for the future, targeting more strategic companies and high-technology companies. MIDA sees this project, with a potential investment of more than RM760 million, as a catalyst not just in creating new job opportunities for many Malaysians, but also for the development of the country’s clean energy industry.”

The manufacturing of ECH in Malaysia will strengthen the value chain of epoxy manufacturers both in South Korea and Malaysia. ECH is a compound mainly used to produce epoxy resins. Its main applications serve the clean energy market, such as wind, solar, tidal and electricity transmission, providing corrosion protection coatings. It is also used in the industrial, automotive and packaging industries and as composites in the aerospace industry.

Moreover, with the presence of OCIKUMHO in Malaysia, it will contribute to the Malaysian export market where OCIKUMHO will be exporting 95 per cent of its product from Malaysia to various countries around the world. Using bio-based raw materials (glycerine) and tapping into electricity from a hydropower plant in Sarawak, OCIKUMHO’s plant will be the first to manufacture ECH in Malaysia. This project is anticipated to create 40 per cent job opportunities in the managerial, technical and supervisory roles.

Under the Twelfth Malaysia Plan (12MP), the chemical industry has been identified as one of the high potential growth industries due to its strong linkages to other manufacturing subsectors as well as capabilities and potential to deliver more complex and higher value-added products, as aspired by the National Investment Aspirations (NIA). The manufacturing of ECH is expected to greatly contribute towards Malaysia’s aspiration especially in enhancing industry integration and increasing the
competitiveness of the chemical industry in Malaysia.

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About MIDA

MIDA is the Government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become an active and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.

About OCI Company Ltd.

OCI Company Ltd. is a Korean chemical producer based in Seoul. The company is a leading producer of polysilicon, a starting material for solar PV. With its growing materials horizons, the company has recently shifted its focus towards its two core capabilities: electronic materials and green chemicals. It is accelerating its efforts towards ESG management and becoming an eco-friendly materials business entity. The company’s subsidiary in Sarawak, OCIM Sdn. Bhd. owns a facility that produces 30,000 MT of polysilicon annually for the global market. The company finds the ECH joint venture between OCIM and Kumho P&B is crucial in achieving its long term ESG goals.

About Kumho P&B Chemicals., Inc

Kumho P&B Chemicals., Inc (KPB) a member of Kumho Petrochemical Group, specialises in the manufacturing and distribution of phenols, acetones, Bisphenol A (BPA), and epoxy resins, which serve diverse industrial uses such as electric and electronics, pharmaceuticals, and paints. Maintaining strong ties with leading chemical producers worldwide, KPB has adopted advanced technologies and is continuously striving to expand its global network of product production and distribution.

For more information, please contact:

MIDA
Ms. Siti Halimaton Mohd Rejab
Director, Chemical and Advanced Material Division
Email: [email protected] | Tel.: +603 2267 6701

OCIKUMHO SDN. BHD.
Name: Mr. Jeong Seong Wook
Email : [email protected] | Tel.: +60-82-422-705

OCIM and Kumho P&B Venture to Produce Epichlorohydrin (ECH) In Sarawak, The First ECH Project in Malaysia


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Kuala Lumpur, 2 August 2022 – The Malaysian Investment Development Authority (MIDA) today hosted an expert panel session to deliberate on Malaysia’s Environmental, Social and Governance (ESG) Agenda in line with the National Investment Aspirations (NIA). Bearing the theme ’Riding the ESG Wave’, the panel discussion highlighted the ESG adoption from global and ASEAN perspectives, the imperatives of bridging the gap in Malaysia towards the nation’s sustainable development, and facilitation measures to drive sustainable investments.

The interactive session was moderated by Mr. Patrick Tay, Partner, Economics and Policy, PwC Malaysia, and joined by panellist namely; Ms. Masni Muhammad, Executive Director, Investment Policy Advocacy (Manufacturing) of MIDA, Ms. Shanta Helena Dwarkasing, Director of Programs, United Nations Global Compact Network Malaysia and Brunei; and Mr. William Chua, Corporate Manager, Ramatex Textiles Industrial Sdn. Bhd. 

The global trends for ESG and commitments made as a nation trickles down to every sector in the country including investment facilitation. As global players move towards building a sustainable and compliant business environment, MIDA in aligning its strategies with the National Investment Aspirations (NIA), is looking to attract high-value, sustainable investment projects, be it new or expansion of existing investors in Malaysia.

Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA, in delivering his welcoming remarks emphasised the importance of driving ESG and ensuring high standard of ESG practices in the investment journey. “Companies are encouraged to embrace ESG elements because they are an increasingly important factor in determining company valuation, investors’ and consumers’ confidence. The National Investment Aspirations (NIA), which guides MIDA’s investment strategies and initiatives, was developed to align with ESG principles and Sustainable Development Goals (SDG). Companies are encouraged to invest in harnessing renewable energy (RE) sources, including solar, biomass, biogas, and mini-hydro, to use energy efficiency (EE) equipment and qualifying green services.”

Commenting on ESG from a global perspective, Ms. Shanta Helena Dwarkasing, Director, Programms, United Nations Global Compact Network Malaysia and Brunei said, “Sustainability is imperative to a country that wants to be globally competitive and attractive. Many European and ASEAN countries showed their commitment to climate pledges with proactive measures, as ESG will be a value add that investors are looking for. Hence, we can expect Malaysia, especially with more companies such as SMEs embracing ESG standards while making its journey.”

The panel session was designed to ensure the conversations on ESG evolve locally to match the changes taking place globally, following the COP26 held in Europe in 2021. Malaysia as a member of the COP26 delivered on its mandates during its participation and in line with global sentiments. It is crucial to create awareness about ESG while engaging with companies to take the necessary measures towards adopting ESG practices. Companies need to place great emphasis on ESG practices in order to remain relevant in the industry. 

Ms. Masni Muhammad, Executive Director, Investment Policy Advocacy (Manufacturing) of MIDA, further reiterated, “Organisations are expected to have business strategies that are compatible and be able to contribute to sustainable development goals (SDG). Programmes, initiatives and legislations on human rights and environmental protection globally such as Withhold Release Orders (WRO) by the United States Customs Border Protection, and Carbon Border Adjustment Mechanism by the European Union will have a direct impact on Malaysian companies exporting to these markets. Hence, businesses must begin evaluating their operations and the value chain to ensure compliance with ESG principles.”

During the session, Mr. William Chua, Corporate Manager, Ramatex Textiles Industrial Sdn. Bhd., a textile manufacturer based in Batu Pahat, Johor that produces garments and textile for international brands shared their ESG journey and how it has benefited the company.

He commented, “We embarked on the ESG journey way back in 2011, and we are extremely pleased with our decision. Over the years, we have invested a total of RM350 million by adopting the relevant technologies to practice ESG for sustainability. We have re-engineered our efforts to be energy efficient and are experiencing great savings while contributing to the reduction of carbon emission footprint. Ramatex is committed to ESG obligations and will continue to invest in ESG practices in order to meet global supply chain demand.”

MIDA will continue to facilitate purpose-driven companies in building sustainable supply chains, taking actionable initiatives for net zero commitments, empowering talent management, and ESG reporting to the mainstream. While commitment and roadmaps have been drawn through the likes of the Twelfth Malaysia Plan, Budget 2022, IR 4.0 efforts, and Green Technology efforts, MIDA will pursue its engagement with existing investors, both local and foreign to encourage them to adopt and implement ESG practices.

From January to March 2022, the government, through MIDA, has successfully approved 212 green technology projects and services activities amounting to RM433 million. Companies are encouraged to continue embarking the green investments in the country by exploring the sustainable investment opportunities in the green technology areas i.e. renewable energy (RE) sources which includes solar, biomass, biogas, mini-hydro, and other green technology qualifying activities such as energy efficiency (EE), green building, green data centre and integrated waste management.

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About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channels.

Media Enquiries:
Ms. Fatmah Ahmad
Director, Corporate Communications Division, MIDA
Email:[email protected] | T: +603 2267 2428

Driving Sustainable Investments to Accelerate Socio Economic Transformation


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Penang, Malaysia – August 1, 2022 – Jabil, a global manufacturing solutions provider, recently hosted an “Automation and Digitalisation Workshop” in Penang designed to strengthen its automation capabilities for greater operational and resource efficiencies.

The event, held at its Batu Kawan facility, showcased the benefits of automation and machine self-optimisation in augmenting human labour, thus driving manufacturing productivity. It was organised in partnership with leading equipment providers and supported by the Malaysian Investment Development Authority (MIDA).

This first-of-its-kind, two-day scenario-based workshop saw Jabil Penang project leaders submit automation and digitalisation proposals which were then put through simulations and demonstrations by equipment partners and subject matter experts. Raising awareness and building a greater appreciation of the advancements in Industry 4.0 (IR4), the application-based approach enabled interactive knowledge exchange sessions that produced action plans for potential future developments.

Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA applauded Jabil Penang’s efforts and contribution to accelerating automation and digitalisation initiatives through its partnership with local vendors in Malaysia.

“Following Jabil’s lead, I hope to see more collaborations, within and across industries, to fully harness the potential of technology in optimising their operations. The digital economy is expected to contribute 22.6 per cent of Malaysia’s gross domestic product (GDP) and create over 500,000 jobs by 2025. Through innovations and contributions in the areas of IR4.0 technologies like artificial intelligence, robotics, virtual reality, the Internet of Things, and big data analytics, the manufacturing sector plays an empowering role in building a digitally driven, high-income nation and a regional leader in the digital economy,” said Datuk Arham.

Future-ready workforce is critical to building connected factories of the future

“Jabil Penang’s digital transformation journey began in May 2019. While automation and digitalisation enable Jabil to unlock new potential in the areas of operational excellence, people or human labour continues to be a critical element in our ability to deliver the most progressive factories. With proper upskilling, development, and training programs, our trained and certified automation engineers and technicians will continue to give us the edge in technical competencies, so we may deliver differentiated customer, supplier, and employee experiences,” said Tan Siew Jin, Managing Director, Jabil Penang.

Automation and digitalisation to offer multiplier-effect in operational excellence

The pandemic has created a community of engineering and operations leaders who are now armed with a greater understanding of modern enterprise solutions, collaboration tools, and cloud-based capabilities.

“We have seen the strengthened ability to enhance production systems and the manufacturing value chain since furthering our adoption of automation and digitalization. With a predictable operating environment where skilled talents work safely alongside machines that can learn, think, and act, I am heartened that our initiatives across manufacturing, industrial and test engineering are in line with MIDA’s push towards high-end manufacturing and services. Additionally, Jabil looks to continue playing a visible role in collaborating via public-private and academia partnerships, creating employment opportunities for Malaysians, and actively leveraging technology transfer opportunities across our global operations,” concludes Tan.

Attended by over 500 employees, the workshop focused on common process automation and digitalisation in the areas of soldering, screw fastening, transitional manual assembly, dispensing, and pick-and-place, following the recent implementation of an AutoStore solution last year.

The workshop is part of a series of curated, specialised programmes that empower the existing workforce to upskill and reskill to meet evolving market demands and establish digitally-led creative approaches to address common operational issues on the shop floor. Other initiatives include the “D2L Test Engineering” programme which trains and upskill production operators to move into technician roles.

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About Jabil

Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world’s leading brands rely on Jabil’s unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights, and global product management expertise. Driven by a common purpose, Jabil and its people are committed to positively impacting their local community and the environment. Visit www.jabil.com to learn more.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my  and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok, and YouTube channels.

Media contacts:

Jabil
Ms. Suchithra Krishnan
Email: [email protected]

MIDA
Ms. Rosedalina Ramlan
Director, Business Services and Regional Operations Division, MIDA
Email: [email protected] | DL: + 603- 2267 3515

 


Jabil Penang Expands Automation and Digitalisation Capabilities Through a First-Of-Its-Kind Workshop


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• Re-imagined office re-designs work experiences and future ways of working suited to today’s post Covid-19 world.
• Award winning intuitive office that adapts to differing work modes, moods and needs of associate.
• Hosted special showcase for key stakeholders in government and business associations.

Petaling Jaya, June 14, 2022 – Novartis Malaysia, a leading medicines company continues to solidify it’s presence in market with the reveal of a new state-of-the-art office in Plaza Imazium, Damansara Uptown. More than just a change of address, the new office is part of the company’s strategic growth plan and commitment to future-proofing its business to better serve customers.

Spread over two floors, the office completely redesigns today’s work experience for its associates by placing flexibility at the core and prioritizing human connections and collaborations.

Established in 1972, Novartis Malaysia has evolved tremendously from a small office to a leading player in the healthcare industry hosting three key divisions comprising Innovative Medicines (Pharma and Oncology), Sandoz (Biosimiliars) and the Novartis Global Service Centre Kuala Lumpur (NGSC KL) – one of only five global shared centres in the world. NGSC KL which launched in 2016 has grown in a short span of six yeas from servicing five countries to 25 markets, including Novartis’s own headquarters in Basel, Switzerland with high end, data and digital enabled working solutions.

Mr. Patrik Grande, Country President Novartis Malaysia said:

“For Novartis to achieve its goal and its vision of reimagining medicine, it is critical for future-forward work environments to go hand-in-hand with equally agile business environments. Malaysia’s conducive and adaptive business-friendly support and infrastructure have a key component to our current footprint that has expanded to more than 800 associates in Malaysia, serving 32 million customers across the country.”

“Over the five decades that Novartis has been in Malaysia, Kuala Lumpur’s attractiveness as a regional and global hub has continued to improve, with attractive government incentives, a strong pipeline of key talents, robust infrastructure and ever expanding healthcare market.”

In 2021, Novartis Malaysia contributed over RM1billion to Malaysia’s gross domestic product (GDP), with nearly a quarter coming from its business activities; employed over 80% of Malaysians in high-value jobs; invested over RM4 million in research and development, including 38 clinical trials and real-world evidence generation programmes for several key therapeutic areas; supported local businesses as well as contributed over RM3 million to help protect frontliners and high-risk communities against Covid-19.

According to Grande, Novartis Malaysia intends to continuously grow its engagement with the government and support in strengthening the healthcare system in Malaysia through the smart use of digital and technological innovations that applies Real World Evidence (RWE) in order to guide solutions that can improve patient journeys.

“As part of delivering on our vision and mission, we aim, to be a healthcare partner of choice for our customers. A key priority for Novartis Malaysia continues to be our focus on exploring further Public Private Partnerships (PPPs) in the realm of clinical trials and healthcare system strengthening,” he added.

In support of its expansion plan, YB Dato’ Sri Mustapa Bin Mohamed, Minister in the Prime Minister’s Department (Economy), and Her Excellency Ambassador Andrea Reichlin, Ambassador of Switzerland to Malaysia, graced the showcase of Novartis Malaysia’s new office.

In his keynote address at the showcase, Mustapa said, “ The growth trajectory of Novartis’ footprint in Malaysia is really a feat worth emulating. From hosting a small office in the country 50 years ago to currently being one of the biggest investors in the Malaysian pharmaceutical market. In these trying times, it is indeed heartening to see leading pharmaceutical companies like Novartis’ continuous commitment in Malaysia.”

“With the opening of Novartis Malaysia’s new office that centres on data and digital while envisioning a future working model taking into consideration their staff’s diverse needs, Novartis is leading the way in showing other Multi National Company’s and investors the direction of holistic growth and innovation that Malaysia as a country wants to emulate,” Mustapa added.

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulated Novartis Malaysia on their new space, saying “Over 50 years ago, Novartis stepped foot in Malaysia. Today, the Novartis Global Services Center Kuala Lumpur is home to its Operational Headquarters, serving the entire Asia Pacific Region. This evolution speaks volumes of the company’s confidence in Malaysia, as well as our country’s ability in rising to meet the expectations of leading life sciences companies to not only be future ready but to lead in today’s increasingly hybrid world. MIDA wishes Novartis Malaysia all the best ahead and look forward to the company further leveraging Malaysia’s business ecosystem to grow and serve its customers in the region and beyond for the years to come.”

Chief Executive Officer of InvestKL, Muhammad Azmi Zulkifli said “Novartis Malaysia’s new office reflects great confidence and reinforces Greater Kuala Lumpur as a location of choice for leading global companies. This office not only spearheads the transformation of work but also marks a significant milestone of growth supported by Kuala Lumpur’s diverse talent, strategic location, IR4.0 driven economy and solid infrastructure. We look forward to facilitating more innovative and high-tech investments into Malaysia and to continuously support Novartis’s growth in the region.”

An office for the truly Inspired, Curious & Unbossed

Novartis Malaysia’s new office encapsulates the new Ways of Working (WoW) – Team-aligned, Associate-Led, and Manager-Enabled. Therefore, having an office that places flexibility at the core but prioritizes human connections and collaboration for associates to deliver purposeful and high impact will unleash the power of the over 800 talents who work here.

Additionally, the office has been thoughtfully curated with key enablers and elements in place. It incorporates an Activity-Based Workplace concept which allows associates to leverage the different sections and corners that best cater to their meeting, collaboration or wellbeing needs. The company is also big on driving the adoption of data and digital for associates to embrace digital technologies and data science to work in new ways and create better patient outcomes.

The office is also sustainability-driven with the use of environmental-friendly and recycled materials for its furniture and computer monitors. Thanks to these efforts, the office has been recognized as one of 20 LEED-Gold certified offices and the first WELL-Silver certified (office) in the country.

Earlier this year, Novartis Malaysia addded another feather to its cap by winning Top Employer 2022, having also won for consecutive years of 2021 and 2020. Novartis Malaysia also hosts one of 5 Novartis Global Service Centres worldwide, which have all been certified as Top Employer 3 years in a row. The award recognizes excellence in working environment and further underscores its Inspired, Curious and Unbossed culture.

As a leading medicines company powered by advanced therapy platforms and data science, Novartis Malaysia proved its capability by winning the Medical Technology – Pharmaceuticals award for its predictive tool AXON at the Malaysia Technology Excellence Awards 2022 recently.

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About Novartis
Novartis is reimagining medicine to improve and extend people’s lives. As a leading global medicines company, we use innovative science and digital technologies to create transformative treatments in areas of great medical need. In our quest to find new medicines, we consistently rank among the world’s top companies investing in research and development. Novartis products reach nearly 800 million people globally and we are finding innovative ways to expand access to our latest treatments. About 108,000 people of more than 140 nationalities work at Novartis around the world. Find out more at https://www.novartis.com.

Novartis is on Twitter. Sign up to follow @Novartis at https://twitter.com/novartisnews
For Novartis multimedia content, please visit https://www.novartis.com/news/media-library
For questions about the site or required registration, please contact [email protected]

About Novartis Malaysia
Novartis Malaysia has been present in Malaysia since 1971. Following the merger of Sandoz and Ciba-Geigy, Novartis was formed in 1996. In 2015, Kuala Lumpur was chosen as one of the five Novartis Global Service Centres, which offers IT, HR Services, FRA Operations, Product Lifecycle Services, and Procurement Services to the Novartis group of companies worldwide. In 2021, Novartis was ranked the top contributor by the Clinical Research Malaysia in sponsored research with 16 research projects, leading the market of other healthcare players in this sponsored research space.

Novartis Malaysia Opens the Doors Of Its New Hybrid Office As Part Of Footprint Expansion In Malaysia


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Singapore, 16 June 2022 – AEM, a global leader in test innovation, today announced its expansion plans. With a new site in Penang and the US, AEM will also expand its research and development centers (“R&D”) in the aforementioned countries and Singapore, with the new facilities scheduled to start operating by the end of Q3 2022. The expansion of AEM’s Penang, the US, and Singapore manufacturing sites will more than double its current manufacturing space in the three countries and create over 300 additional jobs.

In particular, AEM’s Penang expansion will include an R&D lab that will allow AEM to increase its R&D capabilities, with a strong focus on delivering technologies and solutions for advanced, integrated semiconductor test needs. AEM will also double its headcount in Malaysia to support the expansion, including new roles for technicians, engineers, customer support group, and supply chain management. This expansion allows AEM to tap on the region’s growth opportunities and talents and brings its operations closer to existing and potential customers.

AEM’s US expansion will include R&D, prototyping, and manufacturing in Arizona and California, while the expansion in Singapore will focus on R&D.

“The ability to tap on a diverse talent pool and the high growth potential of Malaysia and Singapore is what makes the region an attractive location for AEM. Our expansion will allow us to better scale up our testing and handling capabilities in tandem with our customers’ needs. It also further solidifies AEM’s position as a hub in the region and its position as a critical node in the global semiconductor supply chain,” says Juha Arola, AEM’s Chief Operating Officer.

Malaysia is strategically positioned in the heart of Southeast Asia, a regional home to top semiconductor and electrical & electronics (“E&E”) companies along with a large technology talent pool. The country is also a crucial player and hub in the semiconductor global supply chain, with approximately 7% of the total global semiconductor trade flowing through the nation. Additionally, the regional growth of the E&E sector is projected to increase by 15% in 2022, propelled by strong global semiconductor sales that are expected to grow by 13.6% in 2022.

“AEM’s decision to expand its plant in Malaysia, notably in Penang highlights our attractiveness as a hub in the semiconductor industry on the world stage, driven by our well-connected and vibrant local E&E ecosystem. MIDA remains committed to growing our E&E and semiconductor industries, working hand in hand with our strategic investors such as AEM. AEM’s expansion will provide new impetus to our efforts to further strengthen Malaysia’s competitiveness in the global E&E value chain while also spurring socio-economic development to our local vicinities; this is indeed a “win-win” situation for both the company and our country in line with the National Investment Aspirations (NIA),” says Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA).

AEM is a Gold Sponsor and the sole sponsor of the SEMICON University Program at SEMICON SEA 2022, which will be held in Penang from June 21 to 23.

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About AEM

AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam (Ho Chi Minh City), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support.

AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (Reuters: AEM. SI; Bloomberg: AEM: SP). AEM’s head office is in Singapore.

Media Contacts
Yasminbee Sheikh
Corporate Marketing Manager, AEM
Email: [email protected]
Tel: +65 9880 0104

AEM to Create Over 300 Additional Jobs with the Expansion of its Singapore, Malaysian and the US Operations


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  • Ceremony attended by Chief Minister of Penang and senior LEM team
  • Production plant of 12,000 sqm to meet growing customer demand globally
    • supplying automation, automotive and renewable energy businesses
    • production and testing of integrated current sensors
    • first products expected Q1 2024
  • Penang, Malaysia, strong base for semiconductor and electronics industries
    • talent, infrastructure and export connections
  • LEM investment around CHF 15 million (MYR 70m) for plant construction and initial equipment
  • Plant employs 50 persons at start, expected to grow to around 500 in a few years
  • Potential for additional R&D capacity 

Geneva, Switzerland, and Penang, Malaysia, 23 June 2022 – LEM (SIX: LEHN), a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that an inauguration ceremony is being held today in Penang, Malaysia for its new production plant. The ceremony is attended by the Chief Minister of Penang, the Chairman and CEO of LEM, together with invited guests including the Swiss Ambassador to Malaysia. The project was first announced in 2020, and today marks a major step in its construction with the first electric current sensor products expected to come on-line in Q1 2024.

Right Honourable Mr. Chow Kon Yeow, the Chief Minister of Penang, said: “Supply chain resiliency and well-developed ecosystem are among the key differentiators that made Penang a sustainable location for the electrical and electronics (E&E) players. Being a leading company in electrical measurement that serves the emerging and high-growth industries, I am confident that LEM would be able to reap a myriad of benefits from its operation in Penang while complementing the State’s presence in the world map of technology.”

“The State, via InvestPenang and other relevant state agencies, is committed to work closely with LEM to ensure smooth project implementation on the ground,” Chow added.

The Malaysian Investment Development Authority’s (MIDA) CEO, Datuk Arham Abdul Rahman, commended LEM Malaysia on the company’s significant milestone, saying, “We are excited to witness LEM joining and further developing Malaysia’s vibrant E&E ecosystem. We are proud that Malaysia, guided by our National Investment Aspirations (NIA), continues to fit into the overall growth strategy of major foreign companies, solidifying our position as an integrated global manufacturing hub for the industry. We anticipate to see exciting spillovers from this project, particularly in generating high-skill employment for local talent, contributing to the socioeconomic upliftment of the community and boosting commercial development in the region. We are deeply appreciative of LEM’s resounding vote of confidence in Malaysia as a preferred investment destination. LEM can be assured that MIDA will render our full support in facilitating your business in this country.”

Andreas Hürlimann, Chairman of LEM, remarked: “We are delighted to be welcomed today by the key persons in Malaysia who have made this investment process come to fruition so efficiently, despite the recent pandemic challenges. We selected Penang as a strategic location to improve our supply chains, increase our resilience and better meet the needs of our customers here in Asia, as well as Europe and the US. This plant will complement our existing facilities in China, Bulgaria and Switzerland as we invest in more capacity to achieve our ambitious but profitable growth objectives in the coming years.”

Frank Rehfeld, Chief Executive Officer of LEM, commented: “The talent and experience available here in Penang will be of significant benefit to LEM, particularly in the domain of semiconductors. This plant will be the main testing base for our integrated current sensor (ICS) products which are in great demand from customers in our automation, automotive and renewable energy businesses. As we develop our manufacturing operations here, we may also consider adding R&D investment and capabilities. We are grateful to everybody who has helped the project reach this important milestone today.”

Notes to editors:

LEM is celebrating its 50th anniversary in 2022, having been founded in Geneva, Switzerland in 1972.

The company recently announced record annual sales of CHF 373.4 million, further details of which can be found together with the latest Annual Review by accessing http://www.lem.com/en/investors

Images of today’s event and LEM products can be accessed here: https://www.dropbox.com/sh/b88amc1sp2gn7pa/AADrOYs_ST8l7IjJNQew73aga?dl=0

LEM – Life Energy Motion
A leading company in electrical measurement, LEM engineers the best solutions for energy and mobility, ensuring that our customers’ systems are optimized, reliable and safe.

Our 1,500 people in over 15 countries transform technology potential into powerful answers. We develop and recruit the best global talent, working at the forefront of mega trends such as renewable energy, mobility, automation and digitization.

With innovative electrical solutions, we are helping our customers and society accelerate the transition to a sustainable future.

Listed on the SIX Swiss Exchange since 1986, the company’s ticker symbol is LEHN.
www.lem.com

Contact: Investment community
Andrea Borla, Chief Financial Officer
Phone: +41 22 706 1250
Email: [email protected]

Contact: Swiss Media
Cabinet Privé de Conseils s.a. (CPC)
Nick Miles, [email protected], direct +41 22 552 46 26, mobile +41 79 678 76 26
Michael Füglister, [email protected], direct +41 22 552 46 29, mobile +41 78 839 07 62

Contact: Malaysian Media
Dreamz Productions Events Management Sdn Bhd
Cheah WY, [email protected], mobile 019-478 8232

Contact: InvestPenang
Yeoh Bit Kun / Ooi Phei Wen
Communication and Business Intelligence Division
[email protected] / [email protected]

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

LEM Announces Inauguration Ceremony for New Production Plant in Malaysia


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Making its Malaysia site to provide one-stop cloud IT infrastructure service Further enhanced its leadership position in the cloud data center market

JOHOR BAHRU, 27 JUNE 2022 — Wiwynn Corporation (Wiwynn), a Taiwan-based innovative cloud IT infrastructure provider for hyperscale data centres, today officially commenced its phase II development on a server printed circuit board assembly (PCBA) plant for cloud data centers, with a groundbreaking ceremony held at Senai airport city, Johor.

Wiwynn has made an impactful debut when it introduced its phase I – server rack integration plant amid the pandemic lockdown in Dec 2021. With today’s announcement on its phase II – server PCBA plant, its Malaysia site will be one of Wiwynn’s hubs that provide complete services from PCBA to rack integration to address the surging demand from hyperscale data centres.

“We are truly grateful for all the support given by the local authorities when we kicked off our server rack integration plant development end of last year. And it has given us the confidence to expedite the launch of our phase II server PCBA lines.” said Dr. Sunlai Chang, President of Wiwynn. “We are excited about the expansion and are looking forward to accelerating growth in Malaysia.”

“Johor has the right ecosystem to attract quality investments and I look forward to seeing tremendous success for Wiwynn’s steady and aggressive progress for both plants in just 6 months’ time. I believe that the success will ripple positive socio-economic impacts in Johor. The state government will continue to extend a dedicated level of assistance in supporting the growth of Wiwynn in this region.” said Datuk Onn Hafiz, Johor’s Chief Minister.

“Wiwynn’s decision to further expand their presence in Malaysia has proven that the country continues to be a competitive investment location for high-value operations amidst global headwinds. It is also expected to generate high-skill employment opportunities for local talent, contribute to the economic upliftment of the community as well as boost commercial development in the state. This expansion project is in line with the National Investment Aspirations (NIA) to make Malaysia a strategic investment hub. MIDA looks forward to working closely with Wiwynn to support the growth of their operations here in Malaysia. We believe this Malaysian plant will springboard Wiwynn to the next level in the region,” said Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA).

Wiwynn is one of the largest ODM-Direct cloud IT infrastructure providers and has built a close partnership with world-leading cloud service providers. It has achieved an impressive growth of USD billion in 2016 and further recorded USD 6.8billion in 2021, showing its strong performance.

“The Meta Wiwynn relationship that dates back to 2012, has continued to become stronger over the years. Thank Wiwynn for the deep partnership, deliverance towards our business goals, dedication to pursue continuous improvement, building on the trust and transparency we have established, and finally, also making us better in the process.” said Sandeep Jayaram, Director of Global Supply Chain at Meta (previously known as Facebook).

“We will bring in the next-generation technologies and follow the highest Gold standard of Green Building Index (GBI) technology to enable smart manufacturing in the new site to show our commitment to a sustainable environment and operation.” added Dr. Sunlai Chang.

The GBI is Malaysia’s industry-recognised green rating tool which provides an indicator to design and construct green, sustainable buildings that can provide energy savings and sustainable business development.

Wiwynn is a highly reputed company in corporate social responsibility. They are one of the members of Responsible Business Alliance (RBA), the world’s largest industry coalition dedicated to supporting workers’ rights and well-being while ensuring a safe and respectful working environment.

The completion of Wiwynn’s server rack integration plant (phase I) is set in Q1 2023, followed by the PCBA plant (phase II) which is scheduled to be put into operations in 2024. After completion, more than 1,150 job opportunities are expected for the locals. For more info, please visit https://www.wiwynn.com or contact [email protected]

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About Wiwynn
Wiwynn is an innovative cloud IT infrastructure provider of high-quality computing and storage products, plus rack solutions for leading data centers. We are committed to the vision of “unleash the power of digitalization; ignite the innovation of sustainability”. The Company aggressively invest in next-generation technologies to provide the best TCO (Total Cost of Ownership), workload and energy-optimized IT solutions from cloud to edge.

For more information, please visit Wiwynn website, Facebook and Linkedin or contact [email protected]

For media enquiries, please contact:
Bing Wu (Mr)
Email: [email protected]

Wiwynn Kickstarts Its Phase II Server Plant In Johor, Malaysia


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Simplifying business-critical software processes with high-performance low-code development

Singapore, 23 June 2022 – OutSystems, a global leader in high-performance low-code development, today announced the opening of its new Malaysia office, which will service its customers in Malaysia. The office opening is part of OutSystems efforts to expand its footprint across the Asia Pacific region, following its research and development center launch in Bangalore, India last October.

As a gateway to support the accelerated business development in the region, the OutSystems Malaysia office will provide on-the-ground support for both existing and new customers across sectors such as manufacturing, healthcare, BFSI, auto, retail and IT/ITes. Gartner forecasts that 70% of new enterprise applications will be developed using low-code/no-code technologies by 2025. Through the OutSystems platform, local enterprises can quickly re-platform or upgrade legacy systems, or develop new web or mobile applications with the functionality today’s digital society demands.

Aiming to further strengthen the nation’s IT scene with businesses’ increased reliance for digital solutions, OutSystems works closely with the Malaysian Investment DevelopmentAuthority (MIDA), a statutory body in Malaysia’s industrial development sector that works on developing sustainable investment ecosystems in the country, and the Malaysia Digital Economy Corporation (MDEC), the lead digital economy agency under the Ministry of Communications and Multimedia. Through the OutSystems platform, MDEC developed Enterprise-Grade applications to modernise their core applications and support their B2E, B2B
and B2C business”

“We welcome OutSystems entry into Malaysia to expand its operation in digital investment, and look forward to the solid linkages between OutSystems and academia in funnelling industry-relevant graduates into the ecosystem. In fact, this is in line with the Government’s aspiration to attract RM70 billion worth of investments by 2025,” Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA.

“We are proud to partner with yet another key stakeholder to realise the digitalisation and innovation aspirations as outlined in the Digital Economy Blueprint (MyDigital). We will continue to welcome more of such investments to break new frontiers by leveraging Malaysia’s advantages. The end goal is to reinvigorate the country’s investment landscape, generate quality and high-skilled employment opportunities for locals, and strengthen the country’s competitiveness. We surely are on the right track to achieve this,” Arham added.

“The opening of the Malaysia office brings us a step closer to our clients as we take on a crucial role in closing the developer gap and addressing business priorities like digitalising Malaysian corporations. Our existing partnerships with MDEC and MIDA have been a great start as we hope to empower businesses and provide them with seamless access to these technologies,” said Mark Weaser, APAC Vice-President at OutSystems. “We look forward to continue fueling digital transformation through high-performance low-code by empowering companies to develop serious applications that make an impact in the world as well as fostering a new generation of tech talent.”

Also commended the company’s office opening in Malaysia is Mahadhir Aziz, Chief Executive Officer CEO of MDEC. “The digitalisation of SMEs in Malaysia is crucial to ensure that the backbone of our nation’s economy can survive, thrive, and compete with the rest of the world. We welcome the arrival of OutSystems in Malaysia, whose vision and mission will no doubt support MDEC’s ongoing efforts in driving business digitalisation and the digital transformation of the country.”

He continued, “Furthermore, OutSystems’ new office here is a testament to the continued confidence of investors towards Malaysia’s robust digital ecosystem. We look forward to working together with OutSystems and other partners across private and public sectors to further nurture a progressive, inclusive, and innovative digital economy.”

According to estimates from consulting firms, around 77% of SMEs in Malaysia are estimated to be in their early stages of digitalisation, with cost and lack of awareness cited as leading factors to the delay in business digital transformations. According to the country’s digital literacy rate, 15% of Malaysian businesses have advanced ICT abilities, with the lack of digital skills amongst the population contributing to the low adoption of technologies. In order to catch up with its regional counterparts and become a viable competitor to attract investors and businesses, platforms like OutSystems come in, providing high-performance low-code services to bridge the talent gap and accelerate business transformation.

*****

About OutSystems
OutSystems was founded in 2001 with the mission to give every organization the power to innovate through software. The OutSystems high-performance low-code platform gives technology leaders and developers the tools to rapidly build and deploy their own business-critical applications. The company’s network spans more than 600,000 community members, 400+ partners, and active customers in 87 countries across 22 industries. OutSystems is “The 1 Low-Code Platform®” and a recognized leader by analysts, IT executives, business leaders, and developers around the world. Some of the most well-known brands use OutSystems to turn their big ideas into software that moves their business, people and the
world forward. Learn more at www.outsystems.com.

Media Contacts
The Hoffman Agency on behalf of OutSystems
[email protected]

OutSystems Expands Regional Footprint with New Malaysia Office


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