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GDS Holdings ‘Breaks Ground’ On Hyperscale Data Centre Campus In Johor, Malaysia

NUSAJAYA, 29 APRIL 2022 – GDS Holdings Ltd, a leading developer and operator of high-performance data centres in China, is pleased to announce the start of construction of its hyperscale data centre campus in Nusajaya, Johor.

The development of this project is supported by the Digital Investments Office (DIO), a collaborative platform between Malaysia Digital Economy Corporation (MDEC) and Malaysian Investment Development Authority (MIDA).

In line with the DIO’s role to ease investors’ journey in Malaysia by combining MIDA’s global presence and MDEC’s subject matter expertise in the digital economy ecosystem, the DIO has been working closely with GDS Holdings to facilitate its Request for Information (RFI) during the planning phase of the project, as well as providing support to ensure smooth implementation of the overall project in Malaysia.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, MIDA, commended the company’s investment into the country.

“Malaysia is honoured to host GDS data centres in the country. Data centres are a key infrastructure enabler to transform Malaysia towards an advanced digital nation, paving the way for modern businesses. MIDA, through the Digital Investment Office will continue our efforts in transforming new and existing economic clusters and facilitating strategic investment partners like GDS Holdings, as digital enablers to create high income jobs and encourage digital upskilling of the local workforce and businesses,” she said. 

According to Mahadhir Aziz, CEO of MDEC, GDS Holdings’ presence in Malaysia and the construction of the hyperscale data centre will have a great positive effect towards the development of Malaysia’s digital economy.

“The new centre signifies Malaysia’s competitive advantage in attracting data centre investments, in line with our aspirations under the Malaysia Digital initiative. It also brings with it the world-class infrastructure capabilities that will further strengthen Malaysia as the digital hub of ASEAN,” said Mahadhir.

“I would also like to express my gratitude to Invest Johor and the Johor State Economic Planning Division (BPENJ) for their support and assistance for this project. Building a thriving digital economy and infrastructure takes an entire nation – MDEC will continue driving more collaborations to further develop the country’s burgeoning data centre industry,” he added.

Meanwhile, YAB Datuk Onn Hafiz bin Ghazi, Menteri Besar of Johor, said that the project will serve as a catalyst for Johor and Malaysia to emerge as a hub for data centres, as well as stimulate the development of clusters of local public computing services companies. The data centre will also help with job creation, a key priority of the state.

“The entry of GDS and its hyperscale data centre to Johor is very welcomed and timely. We see this as a validation of our state’s attractiveness as a top international and domestic investment destination. This in turn is driven by our world-class infrastructure and lifestyle offerings, as well as the state’s enduring stability. I truly hope this will be the first of many such investments and projects here,” he added.

GDS Chairman and CEO William Huang said that Malaysia is the ideal nation for the major step of the company’s regionalisation plan, thanks to its strategic location, world-class infrastructure, and access to high-skilled, multi-cultural and multi-lingual talent.

“These factors, including Nusajaya’s proximity to Johor Bahru and Singapore, will be great for existing GDS customers looking to expand in the region. We are thankful for Malaysia’s robust ecosystem in supporting our presence here,” Huang added.

The groundbreaking ceremony that was held in Nusajaya, Johor on 24 April 2022 kickstarts Phase 1 of GDS Holdings’ hyperscale data centre campus, which is expected to be completed by 2024. This marks the beginning of the Shanghai-headquartered company’s long-term investment plan into Malaysia and Southeast Asia and includes the development of a potential Phase 2 of the Nusajaya data centre campus.

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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. 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, YouTube and TikTok.

About Malaysia Digital Economy Corporation Malaysia (MDEC)

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 25 years. We aim to enable a progressive, innovation-led digital economy.

MDEC will continue to lead Malaysia towards becoming a globally competitive digital nation through the development and execution of the Malaysia Digital initiative, which aims to create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities. 

Predicated on a new framework built upon three primary components – Agility, Flexibility, and Relevance – Malaysia Digital is set to enhance Malaysia’s value proposition to attract digital investments, firmly establishing Malaysia as the digital hub of ASEAN. 

#SayaDigital #MalaysiaDigital

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on: Facebook: https://www.facebook.com/MyMDEC/ Twitter: @mymdec

For media enquiries, kindly contact:

MIDA

Ms. Rosedalina Ramlan

Director, Business Services and Regional Operations Division

Email: [email protected]

DL: +603-2267 3515

MDEC

Mr. Simon Yap

Email: [email protected]

Ms. Hazel Hassan

Email: [email protected]

GDS Holdings ‘Breaks Ground’ On Hyperscale Data Centre Campus In Johor, Malaysia


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The new facility will address industry requirements for printed circuit board supply chain resiliency and regional diversification

Penang, 25 April 2022 – TTM Technologies, Inc. (NASDAQ: TTMI) (TTM), a leading U.S. based global manufacturer of printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies, held its groundbreaking ceremony today to celebrate its new manufacturing plant in Penang, Malaysia. The proposed capital investment for this plant is USD130 million (approximately RM550 million) through 2025.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YB Dato’ Haji Abdul Halim Bin Haji Hussain, Penang Exco for Trade, Industry and Entrepreneurial Development; Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, of the Malaysian Investment Development Authority (MIDA); YBhg. Dato’ Loo Lee Lian, Chief Executive Officer, InvestPenang, and Thomas Edman, President and Chief Executive Officer, TTM Technologies, Inc. were at the event. They were accompanied by Philip Titterton, Executive Vice-President and Chief Operating Officer, TTM Technologies, Inc.; and Anthony Sandeen, President, Automotive and Medical, Industrial & Instrumentation (AMI&I) Business Unit, TTM Technologies, Inc.

TTM’s expansion to Penang, Malaysia is in direct response to customer requirements for advanced technology printed circuit board (PCB) supply chain resiliency and diversification in regions beyond China. TTM selected Penang as the location for this new plant after an extensive review of multiple countries with careful consideration of investment and operating costs, customer proximity and supply chain support. Penang was also attractive due to its well-established electrical and electronics (E&E) industry ecosystem. The new plant will serve TTM’s global commercial markets including networking communications, data center computing, and medical, industrial, and instrumentation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, congratulated TTM on achieving this milestone. “Penang is recognized as one of the major players in the global semiconductor industry, particularly in the areas of assembly & test as well as equipment manufacturing. Underpinned by its five decades of manufacturing excellence which has paved the way for sustainable industry development, the State is committed to further strengthen its industrial cluster. With PCB and substrate being an emerging subsector in Penang, I am confident that the addition of TTM will sharpen the local talent’s capability in advanced PCB technology solutions.”

“The State, via InvestPenang, strives to bolster our efforts to outpace investors’ expectations by providing continuous facilitation and utmost support along the journey. Penang welcomes TTM to be part of our robust industrial ecosystem and I look forward to establishing a long-standing relationship with TTM in years to come,” Chow added.

This state-of-the-art, highly automated plant will be built upon approximately 27 acres of industrial land at Penang Science Park. Construction is expected to take 12 to 15 months followed by equipment installations in mid-2023. Pilot production is targeted to begin in the second half of 2023, with volume production commencing in 2024 and gradually ramping up to full Phase 1 capacity in 2025. TTM expects the new plant to achieve full run rate revenue of approximately USD180 million (approximately RM761.5 million) in 2025. The factory has also been planned to support a 25 per cent upside Phase 2 expansion.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, of MIDA remarked, “MIDA is confident that Malaysia’s comprehensive E&E ecosystem, the capability of our local talent, and our well-developed semiconductor supply chain that supports long-term growth provide vital building blocks for investors like TTM Technologies to expand in the region. We anticipate that TTM Technologies’ project will have a ripple effect on job creation and develop our local supply chain capabilities to meet the rapidly changing requirements of our E&E industry segments while encouraging innovation in emerging fields. We believe that this groundbreaking is only  the beginning of a greater, more exciting future for  our local industry and people as well as TTM Technologies’ growth.”

Thomas Edman, President and Chief Executive Officer of TTM Technologies, commented, “This is an exciting day for TTM. Today’s ceremony marks the start of an important new chapter in our mission to support our customers with differentiated high value-add engineering and PCB product solutions on a global basis. As an early-mover into Southeast Asia for the production of advanced technology PCBs, TTM is responding to our customers’ needs for supply chain resiliency, regional diversification and growth capacity.”

“We appreciate our new working relationship with MIDA and the Penang government. Their support has been invaluable and we look forward to a long and mutually beneficial business relationship as TTM grows its business presence in Penang.” concluded Edman.

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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. 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, YouTube and TikTok.

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.

About TTM Technologies, Inc.
TTM Technologies, Inc. is a major global PCB manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions as well as a global designer and manufacturer of RF and microwave/microelectronic components and assemblies. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.

For more information, please contact,

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical & Electronics Division
MIDA
E: [email protected]
T: +603-2267 3575

InvestPenang
Yeoh Bit Kun / Ooi Phei Wen
[email protected] / [email protected]

TTM Technologies Inc.:
TTM Investors

Mr. Sameer Desai
Vice President, Corporate Development & Investor Relations
TTM Technologies, Inc.
E: [email protected]
T: +1 714-327-3050

Press Inquiries
Dr. Winnie Ng
Vice President, Corporate Marketing
TTM Technologies, Inc.
E: [email protected]
T: +852 2660 4287 / +1 714 327 3000

TTM Technologies Breaks Ground at its First Manufacturing Plant in Penang, Malaysia


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Perak, 14 April 2022 – Enza Zaden Asia Sdn. Bhd., the Netherlands’ leading vegetable breeding company, announced the completion of  its first  South  East Asia Research and Development (R&D) infrastructure facility in Perak, Malaysia. This milestone expands Enza Zaden’s network in vegetable seeds research and agricultural development through its 45 subsidiaries and three joint ventures in 25 countries. The R&D facility based in Malaysia is set to cater the agriculture seed markets in 12 countries in the region and beyond, ultimately serving farmers worldwide to cultivate high quality vegetables, for the daily consumption of over 450 million people globally.

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of Malaysian Investment Development Authority (MIDA) responded positively, “Global players are welcomed to diversify into value-added activities in agriculture and food processing industries. By leveraging Malaysia’s business ecosystem and our established local supply chain, it serves as an ideal destination for companies to establish regional production hubs while also enabling the country to fortify its agricultural-based food production. Enza Zaden’s R&D centre contributes significantly to the national aspiration to implement smart agriculture through the utilisation of agri-technology and sustainable raw materials in line with the national framework for food security and the global initiatives for plant-based proteins to reduce carbon emissions.”

“The growing opportunities in high-value food product manufacturing will facilitate the Malaysian talents in gaining knowledge on new processes and product development, apart from expanding the exports of Malaysian-made food products,” he added.

In 2016, Enza Zaden was awarded BioNexus Status by the Malaysian Bioeconomy Development Corporation Sdn. Bhd. (Bioeconomy Corporation), an economic development agency under the supervision of the Ministry of Agriculture and Food Industries Malaysia (MAFI) that provides support and facilitation to drive the biotechnology and bio-based industries in the country. Mr. Mohd Khairul Fidzal Abdul Razak, CEO of Bioeconomy Corporation commented, “Enza Zaden is the first global seed player to receive BioNexus Status in Malaysia. With the establishment of this R&D centre, we believe the company could develop innovative seed varities that are suitable for tropical climate and soil conditions. We are confident that the research outcomes from this R&D centre will benefit and uplift local farmers besides contributing to the national food security. We will continue to support the company and we look forward to their future success in adding value to the global seed industry”.

The modernisation of agricultural activities in Malaysia provides farmers with good accessibility in obtaining sustainable raw materials. Continuous research efforts in identifying and modifying seeds varieties which suit the local soil and climate conditions, are crucial to ensure ample supply of vegetables, fruits and crops across the regions. A robust local food production ecosystem would also enhance the food processing industries allowing them to better manage high imports costs and food security requirements. 

The Company’s latest investment in Sauk is built with a conducive working environment along with state-of-the-art R&D seed processing and research facilities. Mr. Jaap Mazereeuw, CEO of Enza Zaden expressed, “As part of our initiatives to serve the South East Asian farmers well, we recognised that research and breeding under local conditions are imperative in facilitating a sustainable agricultural systems. After a thorough analysis, the Enza board decided to invest in Malaysia by having an R&D farm of more than 20 hectares. We are committed to empowering many small-holder vegetable farmers across the region. We aim to provide them with solutions and opportunities and to bring a smile to their face”.

Mr. Pankaj Malik, Regional Director of Enza Zaden Asia, added, “Establishing a new office and having a dedicated team of R&D with local experience and knowledge, will help identify the needs of the local growers and the local market. This enables us to develop the best high-performing varieties, totally attuned to the local (climate) conditions”.

Enza Zaden has invested over RM100 million in Malaysia and employed more than 100 local workforce through its existing facility. The Company’s technical training contributes to the capacity building of Malaysia’s agricultural workforce, preparing them for the future ready skillsets. As part of their commitment in promoting agricultural technical knowledge among youth, Enza Zaden also provides internship opportunities for students through its partnership with local universities as well as an education sponsorship programme for students thereby assisting  the country’s  agriculture industry to flourish.

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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. 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, YouTube and TikTok.

About Bioeconomy Corporation:

Malaysian Bioeconomy Development Corporation Sdn Bhd (Bioeconomy Corporation) is the leading economic development agency for the biotechnology and bio-based industries in Malaysia. Established in 2005, Bioeconomy Corporation is owned by the Minister of Finance Incorporated and Federal Lands Commissioner and has been under the purview of the Ministry of Agriculture and Food Industries (MAFI) since November 2018. Bioeconomy Corporation provides support, facilitation, and advisory services to nurture an enabling ecosystem of business, academic and scientific communities that drives the biotechnology and biotechnology and bio-based industries in Malaysia. These cover business, investment, R&D, human capital development, financial infrastructure, legal and regulatory framework and strategic development with government support and commitment. The Government awards the BioNexus Status to qualified international and Malaysian companies through Bioeconomy Corporation, undertaking value-added biotechnology, bio-based or life science activities. The special status bestows the companies with fiscal incentives, facilitation, and other guarantees to assist their growth. For further details, visit www.bioeconomycorporation.my

About Enza Zaden

Enza Zaden is an internationally leading vegetable breeding company from the Netherlands. The independent family business develops new varieties of more than 30 international and local vegetable crops worldwide for crops like lettuce, tomatoes, sweet peppers, cucumber, radish, and onion. The seeds of these vegetable varieties are produced and sold worldwide. By way of illustration, 460 million people worldwide eat vegetables grown from Enza Zaden seeds daily. The vegetable-breeding company invests large sums of money – thirty percent of its annual turnover – in research and development. With 45 subsidiaries on six continents, Enza Zaden is serving the farmers worldwide as per their needs.

About Enza Zaden Asia

Enza Zaden Asia develops vegetable varieties for the tropical climate. It has its regional office in Penang (Malaysia). With all facilities, the R&D (having 20 ha of terraced irrigated trial fields, several greenhouses and tunnels for breeding activities, phytopathology research, and farm support buildings), Seeds operation (with a processing plant along with 4000 cubic meters of cold room to keep seeds at optimum quality level) & marketing and sales, Enza Zaden is now ready to serve the customers in the region and to bring smiles on the faces of many smallholding farmers.

For media enquiries, please contact:

MIDA
Ms. Manjit Kaur
Director, Food Technology and Resource Based Industries Division
Email: [email protected]
Tel: +603 2267 3509

Bioeconomy Corporation
Nur Akmar Yusoff
Executive Strategic Communication
Email: [email protected]
T : +6012 690 6108

Enza Zaden Asia
Mr. Pankaj Malik
Regional Director
Enza Zaden Asia SDN BHD
Email: [email protected]


Sustaining Global Food Security: Enza Zaden Asia’s First South East Asia R&D Facility in Malaysia Extends Agriculture Seed Research for the Region And Beyond


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Kuala Lumpur, Malaysia, 28 April 2021 – The Malaysian Investment Development Authority (MIDA) in collaboration with UOB Malaysia organised a virtual roundtable with a delegation team from Shenzhen, China to facilitate inbound investments from China’s major companies of high-value added sectors in the electrical and electronics (E&E), chemical, manufacturing and industrial sectors.  The roundtable was an invaluable platform for participants to gain insights into Malaysia’s latest economic developments, policies and potential investment opportunities post-pandemic.

The Malaysian delegation was led by YB Senator Datuk Lim Ban Hong, Deputy Minister of International Trade and Industry, Malaysia (MITI), together with Mr Sivasuriyamoorthy Sundara Raja, Executive Director, Investment Promotion of MIDA and UOB Malaysia’s Managing Director and Country Head of Wholesale Banking, Ms Ng Wei Wei.

China’s delegation comprised representatives from UOB China, MIDA’s offices in China (Beijing, Shanghai and Guangzhou), China Council for the Promotion of International Trade (CCPIT) and potential investors from 20 China companies representing E&E, medical devices, automotive and chemical sectors. Also, in attendance were His Excellency Mr Beh Ching Chye, Consul General of Malaysia in Guangzhou, China; Madam Tang Jin, Deputy Director General, CCPIT Shenzhen and Ms. Adaline Zheng Jun, Managing Director and Country Head, Wholesale Banking, UOB China.

In his Keynote Address, YB Senator Datuk Lim Ban Hong remarked, “Malaysia, as an open trading nation, was not spared from the COVID-19’s devastating impact. The best way to handle the present global economic headwinds is to increase cooperation and create mutually beneficial and sustainable growth, through trade and investments. Malaysia’s pro-business policies complement the Chinese Government’s push for increased China’s overseas investment and cooperation with other countries. I am sure that China’s investors will find Malaysia an exciting base to expand their overseas operations. I am confident that existing stakeholders will also attest to our commitment towards economic progress and business friendliness.  Hence, we look forward to welcoming more businesses, from both China and Malaysia to further collaborate together for mutually beneficial outcomes on its road to recovery post COVID-19.”

The Deputy Minister of MITI further elaborated that Malaysia’s value proposition in Southeast Asia as a profit centre for global companies, including those from China, cannot be overlooked. He shared, “Supported by a reliable and diverse local supporting industry, investors seeking to expand their production capacity in Malaysia can do so efficiently and with ease. Our young and quality talent pool that is well versed in multiple languages, including Mandarin and English, create an ideal business environment for our foreign investors. The Government, through MIDA in collaboration with our stakeholders will intensify efforts to attract projects that are high value-added, high-tech, knowledge and R&D intensive in line with our National Investment Aspirations to generate multiplier effects to Malaysia’s domestic industrial ecosystem.”

Malaysia welcomes investors from the Greater Bay Area in various sectors, including E&E, medical and pharmaceutical, automotive, machinery and engineering (M&E), as well as the forerunners in high technology segments such as biotechnology and, smart-home automation to explore the opportunities offered in Malaysia.

The Deputy Minister of MITI added, “Despite the challenging global economic environment amid the COVID-19 pandemic in 2020, Malaysia recorded RM164 billion in total approved investments, of which RM64.2 billion were from FDI sources. China was Malaysia’s main source of FDI at RM18.1 billion, or equivalent to a share of 28.2 per cent”.

Speaking on behalf of UOB Malaysia, Ms Ng Wei Wei said, “Following a year of business and supply chain disruptions, we see opportunities for Malaysia to benefit from companies diversifying their supply chains into Southeast Asia. Apart from that, FDI into the country, including that from China, will be supported by Malaysia’s diversified economic potential, strong fundamentals and favourable demographics.”

“With our deep presence in Malaysia and Greater China, UOB is well-positioned to assist more companies from high-value sectors, especially from China’s Greater Bay Area to expand into Malaysia. At the same time, these companies can also capitalise on the vast opportunities along the regional trade corridors between Greater China and ASEAN. Our in-market presence, insights and expertise, coupled with the ecosystem partnerships we forge, we are confident to attract and to facilitate high value-added FDI from China to Malaysia and to stimulate the economy through quality job creation and trade activities,” she added.

Since 2013, the Bank’s FDI Advisory Unit has supported more than 300 foreign companies to establish and to grow their businesses in Malaysia. The support enabled these companies to develop their market entry strategies and to navigate the complexities of doing business in a new country, as well as provided them with access to UOB’s financial products and services.

Following the signing of a Memorandum of Understanding (MOU) with MIDA on 10 January 2020, UOB Malaysia has been working closely with MIDA to help companies from Greater China, Europe and within Southeast Asia to expand and invest in Malaysia and across the region. To find out more about UOB’s FDI Advisory services, please visit https://www.uobgroup.com/fdi.

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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 channel.

About United Overseas Bank (Malaysia) Bhd

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is a subsidiary of Singapore-based United Overseas Bank Limited (UOB) and has had a presence in Malaysia since 1951. UOB Malaysia offers an extensive range of both conventional and Islamic banking services through its branches, subsidiaries and associate companies: corporate and commercial lending, investment banking, treasury services, trade services, cash management, home loans, credit cards, wealth management and bancassurance products.

UOB is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings. In Malaysia, UOB Malaysia receives AAA/Stable/P1 financial institution rating from RAM Ratings. 

Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider, and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education. 

For further information, please visit www.uob.com.my.

For media queries, please contact:

Manjit Kaur Balkar Singh (Ms)
Corporate Communications, MIDA
Email: [email protected]
DL: +603-2267 3509

Nizam Arop (Mr)
Strategic Communications and Brand, UOB Malaysia
Email: [email protected]
Tel: 03-9195 2786/ 017-333 6329

Averlyn Lim (Ms)
Strategic Communications and Brand, UOB Malaysia
Email: [email protected]
Tel: 03-9195 2793 / 018-229 9168

MIDA and UOB Bank Successfully Organises Hybrid Roundtable Meeting with Captains of Industry in China Greater Bay Area


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KUALA LUMPUR, 27 April 2021 – The Government has announced the extension and enhancement of the automotive industry incentive in its effort to heighten the new generation of automotive technology and products.

For the period of 2014 to date, the Government through the Malaysian Investment Development Authority (MIDA) has evaluated and approved tax incentives for 13 automotive projects with investments of RM4.6 billion.

The Government reaffirmed the need to add and redefine the list of promoted products and services related to the automotive industry as well as to review the stringent requirements and stipulated conditions for projects approved with the incentive.

While the new extended incentive’s main objective is to promote investments in Energy Efficient Vehicles, an additional scope of activities is now qualified for the automotive industry incentive. These encompass a range ofhigh-tech and high-value products including Next Generation Vehicle (NxGV), electric vehicles and related component as well as core and critical components such as engines, powertrains, light detection and ranging (LIDAR), radio detection and ranging (RADAR) and advanced driver-assistance systems (ADAS).

Due to the complexities of the automotive industry structure across its value chain, the Government has reviewed the value-added criteria requirement as part of this enhanced incentive scheme.

During the drafting and launch of the National Automotive Policy in 2020, in recognising the need for a strategic review and incentive packages to spur new quality investments in the automotive industry, the Government looks beyond attracting new investment into the country, where opportunities should also focus to grow the local automotive industry players and vendors.

This includes nurturing local companies in technologies capabilities, certification and human capital development; utilising and developing local expertise and service providers; as well as supporting local engineering and manufacturing companies such as special processing providers, jigs and tooling manufacturers, components and part manufacturers as well as engineering designs.

It is anticipated that the relaxation of criteria or conditions under this enhanced incentive will attract more homegrown companies to explore expansion opportunities by venturing into new high-tech and high value-added products while expanding their supply chain in the region.

The new incentive is timely as the automotive industry in ASEAN region has been rapidly evolving, with countries continuously innovating policies and strategies to attract investments, particularly for electric vehicles. Malaysia is expectant for its positive spill over effects such as high value jobs, increase in R&D activities as well as transfer of technology and knowledge to the local industry ecosystems. Additionally, this will solidify Malaysia’s position as an attractive investment destination for automotive industry players worldwide and a hub for energy-efficient vehicles.

Eligible companies are encouraged to submit their applications to MIDA with immediate effect. The application for incentive is available until 1 December 2025. More information can also be obtained at www.mida.gov.my and the Transportation Technology Division at MIDA.

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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 channel.

Media Contacts: 

Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Enhanced Investment Incentives To Drive Malaysia’s Automotive Industry Into The Future


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Kuala Lumpur, 26 April 2021 – The recently concluded Trade and Investment Mission (TIM) to the Republic of Korea (ROK) and Japan from 31 March – 6 April 2021 led by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister, Minister of International Trade and Industry (MITI), has successfully secured RM8.9 billion in committed investment for 2021.

SK Nexilis Co., Ltd., a subsidiary of SK Group from ROK, recently had announced its RM2.3 billion worth of investment into Malaysia to establish a thin copper foil manufacturing plant in Sabah. However, the expected investment has been revised to RM4.24 billion. The project is in line with the Government’s intention to develop a complete ecosystem of high-tech industries, especially in the automotive and telecommunication sectors. The manufacturing plant in Kota Kinabalu will be powered utilising 100 per cent renewable energy, where such operation will be the first for SK Nexilis outside ROK. Malaysia will be a major hub for a state-of-the-art for thin copper foil production with in-house technology, besides boosting Malaysia’s talent network and capabilities with the company’s presence. SK Nexilis is a global leader in thin-tech innovation for copper foil manufacturing controlling 16 per cent of the world market share for electric vehicle (EV) battery.

LG Chem Ltd., the largest Korean chemical company, recognised for the prestige and accomplishment as a Global Top 10 chemical company, has indicated its interest in developing the petrochemical cluster in Malaysia. LG Chem Ltd., an affiliate of LG Group (the 4th largest group in Korea) ranking 490th in the Fortune 500 in 2019, is the first ROK company to partner with Petronas, which will be LG Chem Ltd., first foreign platform outside Northeast Asia. LG Chem Ltd. has a globally competitive business portfolio, including Petrochemicals, Energy Solutions, Advanced Materials, and Life Sciences. The company will set up a joint venture with Petronas Chemicals Group Bhd. to produce Nitrile-butadiene rubber (NBR) Latex in Pengerang Integrated Petroleum Complex (PIPC) with a potential investment of RM600 million, where the operation is expected to commence in March 2023. The establishment of LG Chem Ltd. in Malaysia will complement the development of the petrochemical cluster in Pengerang, Johor and increase utilisation of feedstock from PETRONAS.

In addition, SPC Group, a large conglomerate producing food and confectionery products in ROK and also one of the oldest brands in the confectionery and bakery industry in ROK, with market-leading franchise brands such as Paris Baguette (Bakery), Shake and Shack (Bakery) and Baskin Robbins Korea (Donuts and Ice-cream) is planning to make Malaysia as a regional distribution hub for their halal dough with investment value estimated at RM91.2 million to cater the ASEAN market. The company also ready to work with Malaysian companies to bring the Paris Baguette franchise brand into the local market. Today, SPC Group is a leading company in the food industry in Korea with their advanced Research and Development (R&D) Centre, with 6,000 locations globally and plans to increase the number of the group’s outlets worldwide to 20,000 by 2030.

Another notable project from ROK is the manufacturing of Next Generation electric foil (Elecfoil) by ILJIN Materials. Elecfoil is a thin copper foil with a thickness of less than 10 micrometers for secondary batteries and printed circuit board (PCB). In 2018, the company has established its first overseas factory in Samajaya Free Industrial Zone, Kuching, Sarawak to manufacture its elecfoil. ILJIN will be undertaking an expansion project, to manufacture its next generation of elecfoil with additional investment of RM2.2 billion. The expansion project will be executed on 16 hectares of land adjacent to the existing project which is expected to materialise in 2025, where ILJIN will produce 40,000 tonnes of elecfoil annually. It is to be noted that 500 tonnes of elecfoil can produce 15,000 Electric Vehicle (EV) providing a great opportunity for ILJIN to capitalise the European market as the biggest market for EV in the world and utilising their operations powered by local talents in Malaysia, to significantly increase their production of the next generation of elecfoil for EV.

From Japan, Nippon Electric Glass Co., Ltd. (NEG), one of the world’s leading manufacturers of specialty glass, will invest at least RM1 billion for the new production of e-glass fibre. NEG is the leading glass manufacture for flat panel displays, controlling 20 per cent of the market share in the world’s production of glass for liquid crystal displays (LCD). The new E-Glass Fibre will be used to produce automotive parts and components in the production of wind turbine blades for wind power generation. The new project is set to begin operations in 2022, using improved manufacturing process by capitalising on Artificial Intelligence (AI) and other futuristic technologies.

Moving forward, Mr. Arham Abdul Rahman, CEO of MIDA, said “ROK and Japan will continue to be major investor countries in Malaysia. MIDA will continue to welcome high-quality foreign direct investments from around the world, including ROK and Japan. These investments assume an important role in the development of Malaysia due to
their multiplier impact on the economy and will continue to do so in the post-pandemic era. Through policy reviews and targeted approaches, the Government will ensure that Malaysia remains the preferred investment location with a favourable environment for quality investments in Asia.


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 queries, please contact:
Manjit Kaur Balkar Singh (Ms)

Corporate Communications Division, MIDA
Email: [email protected]
DL: +603-2267 3509

Malaysia Secured RM8.9 Billion of Committed Investment for 2021 from the Trade and Investment Mission (TIM) to The Republic Of Korea (ROK) and Japan


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Kindly be informed that InvestMalaysia Portal (https://investmalaysia.mida.gov.my) is currently down due to power disruption. 

We apologize for the inconvenience caused. For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: investma[email protected]

InvestMalaysia System Down Due to Power Disruption


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KUALA LUMPUR, 23 APRIL 2021 – The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) chaired by Prime Minister YAB Tan Sri Muhyiddin Yassin endorsed the establishment of the Digital Investment Office (DIO), entrusted to charge towards facilitating digital investments in Malaysia. The role of DIO is consistent with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision (SPV) 2030.

The DIO is a fully-digital collaborative platform between the Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) to coordinate and facilitate all digital investments. The objective of this endeavor is not only to create awareness on digital investments in the country but to also strengthen the coordination among all Investment Promotion Agencies (IPAs) in promoting and attracting new investments in this fast-evolution segment.

Senior Minister and Minister of International Trade and Industry (MITI), Dato’ Seri Mohamed Azmin Ali remarked, “The Digital Economy is the engine of future growth for Malaysia. The setting up of this DIO is indeed timely in line with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, as it will create a unique value proposition for the upcoming digital investments. We are optimistic that with this structured governance in investment promotion and facilitation, Malaysia’s digital ecosystem will be further strengthened and primed for the future, ensuring the country remains competitive on the path of recovery post-COVID.”

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA reiterated both the Agencies’ commitment to facilitate quality investments into the country, including digital investments, “This DIO builds upon Malaysia’s aspiration to position as a Digital
Hub in the region. As the principal investment promotion and development agency of the country under MITI, MIDA looks forward to work closely with MDEC to accelerate the growth of digital investments, which will indirectly develop more highly skilled local professionals and groom digital global champions. In the long run, this will enhance Malaysia’s competitive advantage, offering undeniable pull factors for investors, both foreign and local alike.”

“The DIO is a game changer as it will be the single point of contact for investors in our digital economy. It is a significant milestone for the investment facilitation, combining MIDA’s global infrastructure and MDEC’s subject matter expertise in the digital economy ecosystem to attract high quality digital investments to benefit our businesses and people, in line with our agenda of Malaysia 5.0,” said Ms. Surina Shukri, CEO of MDEC.

This collaborative effort between MIDA and MDEC will cater to the rapidly growing digital industries’ needs with a view to anchor global technology leaders, build local champions, and nurture future ready talent in Malaysia. In the long term, with the shift in the global digital landscape, the Government anticipates the DIO to play a vital role to position Malaysia as the preferred Digital Hub and firmly establish Malaysia as the Heart of Digital ASEAN in the Southeast Asian Economic Region.

*****

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.

About 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 in line with Malaysia 5.0 and firmly establishing Malaysia as the Heart of Digital ASEAN.

#LetsBuildTogether #DigitalMalaysiaForward

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on:
Facebook: https://www.facebook.com/MyMDEC/
Twitter: @mymdec

Media enquiries:

Corporate Communication Division, MIDA
Manjit Kaur Balkar Singh (Ms.)
Email: [email protected]
DL: +603-2267 3509

Malaysia Digital Economy Corporation, MDEC
Dashika Gnaneswaran
Brand & Strategic Partnerships
Malaysia Digital Economy Corporation (MDEC)
Email: [email protected]

Digital Investment Office to Shape Up The Nation’s Digital Investment Landscape


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•To assist companies to automise and digitalise operations, production and trade channels in high value-added sectors.

•To create awareness to industry on the various government supports available to aid local players to jumpstart their manufacturing facilities towards Automation and  Industry 4.0 technologies adoption.

•To plan and coordinate engagement with local companies with potential system integrator to support automation and digitalisation initiatives.

•This programme is also part of MIDA’s continuous support towards the development of automation and digitalisation initiatives in ensuring players are able to grow their businesses and stay ahead of local and regional competition.

Webinar on Government Facilitation For Companies Undertaking Automation And Digitalisation Initiatives in Malaysia, In collaboration with TXMR Sdn. Bhd.


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Kuala Lumpur, 21 April 2021 – Globetronics Techology Bhd., a leading miniaturised optical sensors manufacturer in Malaysia, announced the establishement of a cloud-based state-of-the-art platform through the adoption of Industry 4.0 processes in their high volume mass production operations. The expansion worth RM50.2 million will incorporate Artificial Intelligence (AI), big data analytics and Extended Reality (AR + VR) into their end-to-end intelligent supply chain and manufacturing which enables higher levels of customisation, reduction of cycle times and superior quality traceability for a diversified product portfolio and dynamic customer needs.

The move towards integrating intelligence into the company’s machines and business processes is timely in addressing the non-skilled labour acquisition challenges as well as increasing the resilience in response to the COVID-19 pandemic. The implementation of automation to its processes will also help Globetronics to focus on high revenue generation activities such as predictive and prescriptive data to maximise machine operations. The initiative maps the path for the Company’s “Lights off” factory within the next five (5) years.

Mr. Arham Abdul Rahman, Chief Executive Officer of MIDA, expressed that “In line with the Government’s aspiration to spearhead rapid digital transformation in the manufacturing sector, Globetronics’ expansion will pave the way for enhancement in productivity, job creation and deepening the Malaysians skill set by leveraging on cutting-edge technology and emerging AI capabilities.”

“The introduction of Industry4WRD policy, served as a strategic direction for Malaysia to fully embrace Industry 4.0, including smart manufacturing and smart cities, smart grids, as well as smart solutions. While digitalisation is the antidote for business survival and growth in innovation-led value creation, Globetronics’ Industry 4.0 adoption will complement the electrical and electronics industry by producing advanced semiconductor photonic products through the utilisation of autonomous robots and smart manufacturing”, he added.

Globetronics’ IR4.0 transformation focuses on workforce transformation, reimagining manufacturing and workforce training via Extended Reality (ER). The Company’s ER technology will bridge the gap between the digital and physical world by superimposing live-streamed images with its extensive database of machines learnt data from research and development (R&D) as well as manufacturing phases. Subsequently a digital guru may be utilised to ensure a seamless work action and reduced human errors in day-to-day operations. The closed-loop integration of product, process and quality data via AI will serve as an inadvertent error prevention guarantee of its quality excellence. This will be the enabling technology to directly uplift lesser skilled workers and proportionally bring up the minimum wage.

The new recharacterising of Globetronics’ manufacturing processes will be the testbed to proliferate and intensify the use of big data across its end-to-end supply chain and manufacturing system. The workforce transformation will position the company to be the front runner in Malaysia in establishing a data-driven culture and hub to attract data science talents, locally and globally. Besides, the expansion would also demonstrate Globetronics’ commitment to continually invest in emerging technologies that are critical to support the constantly evolving landscape to ensure its business sustainability.

Globetronics’ new platform is set to gear up for exciting next generation semiconductor wafer-level packaging technology including the 2.5D, where the stacking of dies will be replaced by flip-chip on a silicon interposer.


About Globetronics
Globetronics is a Malaysian technology company that is involved in the manufacturing of Miniaturised Optical Sensors, Light Emitting Diode (LED) components and modules, Quartz Crystal Timing Devices, Integrated Circuits, Optoelectronic Products as well the provision of technical plating services. It’s main operating sites are in Penang and Kuala Lumpur. Globetronics is listed on the Main Board of Bursa Malaysia, with a market capitalisation of RM 1.8 billion and a has a staff strength of 1,200 employees.

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.

Media contacts:
Globetronics:
Ng Kok Yu

Email: [email protected]| Tel.: +604 819 4160
MIDA:
Manjit Kaur Balkar Singh (Ms)

Email: [email protected] | Tel.: +603 2267 3509

Globetronics Embarks on RM50 Million Industry 4.0 Transformation Programme for Business Sustainability


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Partnership for Microsoft’s first datacentre region and skilling of one (1) million Malaysians in new and advanced cloud technologies

Kuala Lumpur, 20 April 2021 – The Malaysian Investment Development Authority (MIDA) is proud to pronounce Microsoft’s Bersama Malaysia initiative as a game-changer towards the country’s digital-first agenda, in line with the nation’s MyDIGITAL aspirations.

Microsoft’s plan to establish its first datacentre region in Malaysia and its catalytic role in digital infrastructure is set to accelerate the nation’s innovation in cloud technologies, further boosting local and foreign investors’ confidence in Malaysia. Microsoft’s commitment to prowess up to 1 million Malaysians by December 2023 will propel the local digital workforce to drive the nation’s digital economic growth.

Microsoft’s Bersama Malaysia was launched yesterday by Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia. Also present at the launch ceremony were Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI); Dato’ Sri Mustapa Mohamed, Minister in the Prime Minister’s Office for Economics; Tengku Datuk Seri Zafrul Abdul Aziz, Minister of Finance; and Datuk Seri M. Saravanan, Minister of Human Resources. This collaboration strengthens Microsoft’s long-term commitment to help empower Malaysia’s inclusive digital economy through public-private partnerships.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, who was also present at the launch, congratulated Microsoft on its Bersama Malaysia initiative. “Malaysia has tremendous opportunity to fortify itself as a preferred location for technology players. Microsoft’s investment with its first datacentre region in our country is a strong testament to Malaysia’s pro-business, pro-trade and business-friendly investment policies. Having Microsoft, a global technology player expanding its footprint in the digital infrastructure in Malaysia, helps form the backbone for a sustainable digital ecosystem. Most importantly, Microsoft’s commitment through its world-class digital infrastructure will position us in a higher rank to progress into a digital nation.” said Mr. Arham.

“Microsoft’s long-term presence for nearly 30 years also reflects their confidence in our local talents in driving the nation’s digital transformation. We will continue to support Microsoft’s efforts in Malaysia, particularly in transforming the nation’s digital landscape, infrastructure and its skilled workforce, thus enhancing Malaysia’s competitiveness and attractiveness as the preferred destination for high technology investments,” he added.

The upcoming Microsoft datacentre region is expected to benefit local businesses, the Government, and communities across all sectors. The local datacentre region will comprise a set of datacentres located within Greater Kuala Lumpur, deployed within a latency-defined perimeter and connected through a dedicated low-latency network. Users are able to gain fast access to Microsoft’s leading-edge cloud services as well as the ability to store data and applications in the country.

The datacentre region will also feature Azure Availability Zones, with unique features such as physical locations equipped with independent power; network and cooling support for additional tolerance and withstand datacentre failures. This ensures data remains available and protected, even when there’s an event impacting the datacentre site such as power failure; without comprising data residency, privacy, security or compliance.

Based on research conducted by IDC1, Microsoft’s investment in Malaysia will assist in generating approximately RM19 billion2 in revenues over the next four (4) years within the country’s ecosystem of local partners and cloud-consuming customers. Moreover, Microsoft and its partners, together with the cloud-using customers will also assume significant roles in growing the nation’s workforce, contributing more than 19,000 direct and indirect new job opportunities over the same period of time.

Mr. K. Raman, Managing Director of Microsoft Malaysia, added, “Having a robust digital infrastructure and a future-ready digital workforce will play a profound role in ensuring Malaysia’s economic recovery and resilience. We fully support the Government’s bold and progressive vision as targeted in the Malaysia Digital Economy Blueprint. We are confident that the digital-first, cloud-first policy outlined in the Blueprint will further propel innovation and accelerate the nation’s transformation to become a regional leader in the digital economy. In support of this and echoing our Bersama Malaysia commitment, we are humbled by the support extended by MIDA and we look forward to strengthening our partnership to realise Malaysia’s inclusive digital aspirations.”

Mr. Arham concluded that the Government will continue to adopt a targeted approach in attracting investments. The Government recognises the need to develop the high technology sectors as one of the strategies to sustain the momentum of economic growth and to improve the competitiveness and resilience of the Malaysian economy. In remaining on this steady path, the National Digital Economy and Fourth Industrial Council (MED4IR) will optimise the development of Fourth Industrial Revolution (4IR) technology and digital economy, in line with the 2030 Shared Prosperity Vision and Sustainable Development Agenda. The Economic Cluster of the MED4IR Council will be governed by MITI, with MIDA as an active Committee Member in the Government’s initiatives to drive the national 4IR and digital 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.

About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, please contact:

MIDA
Manjit Kaur Balkar Singh (Ms.)
Email: [email protected]
DL: +603-2267 3509

Microsoft Malaysia
Eric Lai (Mr.)
Email: [email protected]

_________________________________

1 IDC Info Snapshot, sponsored by Microsoft, The Microsoft Cloud Dividend Snapshot: Malaysia, Doc. #US46918020, October 2020
2 USD4.6 billion (Bank Negara Exchange Rate : USD 1=RM 4.1405 as at 5 April 2021

MIDA Welcomes Microsoft’s First Data Centre Region in Malaysia – A Game-Changer for Malaysia’s Digital Economic Transformation


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MIDA, through its InvestMalaysia Portal has launched an online application submission module on 26th March 2021 (Friday) via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the enhanced online application module are as follows:

  1. Enhanced Manufacturing Licence (e-ML)
  2. Exemption letter from ML
  3. Enhanced Incentive (e-Incentive)
  4. Expatriate Post & RE/RO
  5. Permit (PDA 2)
  6. R&D/IILS/DIILS Status
  7. Domestic Sales
  8. Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
  9. Enquires/Feedback
  10. Online Technical Support
  11. Post Approval for:
    i. Manufacturing Licence
    ii. Incentive
    iii. Status
    iv. Expatriate Post
    v. RE/RO
  12. Post Licensing
  13. Post Incentive
  14. Grant Application
  15. Post Approval (Status IPC / RDC)
  16. Post Approval RERO / Expatriate Post

We are pleased to inform that the next release of the online application module in InvestMalaysia Portal will Go-Live on 31st May 2021 (Monday) at 9.00 am. Additional online applications under this release is :

  • Grant Disbursement Application

Thank you.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: [email protected]

MIDA INTRODUCES ONLINE APPLICATION


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Kuala Lumpur, 14 April 2021 – The Malaysian Industrial Development Finance Berhad (MIDF) has inked a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to offer small and medium enterprises (SMEs) and Mid-Tier Companies (MTCs) the opportunity to benefit from MIDA’s Smart Automation Grant (SAG).

The SAG initiative, introduced in the National Economic Recovery Plan or PENJANA with an initial allocation of RM100 million, was launched by the Senior Minister and Minister of International Trade and Industry (MITI) on 2 December 2020. This grant is awarded to eligible SMEs and MTCs on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company. Based on the encouraging response for SAG, the Government announced an additional RM50 million fund under the Strategic Programme to Empower the People and Economy or PEMERKASA to drive more SMEs and MTCs to improve their operation and production through automation and digitalisation.

The collaboration between MIDF and MIDA aims to promote and facilitate the SAG’s utilisation through a strategic alliance. Under this alliance, MIDA will provide grants for qualified companies, whereas MIDF will offer financing to these companies for their remaining expenses. Additionally, qualified companies already enjoying financing facilities from MIDF may lower their financial commitment upon successful application for SAG.

Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA, remarked, “The Government, through MIDA is committed to assist Malaysia’s industry players and businesses towards higher productivity and market competitiveness. The collaboration between MIDA and MIDF is in line with our objective to provide financial assistance for Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) towards automation and digitalisation. These two processes are crucial components and push factors in speeding up operation process, reducing errors and increase productivity.”

“The objective of SAG is to reassure SMEs and MTCs in the manufacturing and services sectors to automate and digitalise their operations and production, to spur their competitiveness, to reduce the reliance of foreign workers and to create new job opportunities in high value-added sectors. The Government looks forward for Malaysian companies to embark transformation towards digitalisation and automation to remain resilient amidst the impact of the COVID-19 pandemic and economic contraction. We trust that this partnership would result Malaysia’s businesses growth across industry supply chains” he added.

Dato’ Charon Wardini Mokhzani, Group Managing Director of MIDF, iterates, “This MoU underlines the close relationship between MIDA and MIDF and our joint commitment to support companies that aspire to automate and modernise. As a nation, we need to increase productivity and value-add Malaysian businesses to higher levels in our path towards a high-income nation; investing in automation and digitalisation is one way to achieve this. MIDF is honoured to be part of this important initiative.”

SMEs and MTCs that have been undertaking manufacturing or services activities in the past 12 months are eligible to be considered for SAG. The automised machine, equipment or software purchased through this grant must be utilised directly in the company’s value chain in order to qualify for the incentive. Improvements in two components (productivity and efficiency) will be assessed on a range of criteria such as reducing unskilled workers, man-hours, defect rate and the increase in production volume. Interested companies are advised to submit applications to the various industries and services divisions in MIDA.

To find out more about the Guidelines of SAG please visit:
https://www.mida.gov.my/forms-and-guidelines/

*****

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.

About MIDA

The MIDF group carries out investment banking, development finance and asset management. It serves entrepreneurs as well as large corporations and institutions. Malayan Industrial Development Finance Ltd (now MIDF) was established in 1960 following the recommendations of the World Bank on how to finance the industrialisation of Malaya, and over the last 61 years the MIDF Group has been part of the development and modernisation of Malaysia’s economy and capital markets. MIDF is a wholly-owned subsidiary of Permodalan Nasional Berhad.

For media enquiries, please contact:

Ms.Masni Muhammad
Director, Strategic Planning and Policy Advocacy (Manufacturing) Division
Malaysian Investment Development Authority (MIDA)
Phone : +603 2267 3444
Email : [email protected]

Ms. Irmawati Mahamad Tahir
Vice President
Group Strategic Communications
Malaysian Industrial Development Finance Berhad (MIDF)
Phone : +603 2173 8756
Email : [email protected]

MIDF Inks MOU with MIDA on Smart Automation Grant to Drive Malaysian Companies into Automation


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R&D for Business Programme Attracted 1,392 Companies

KUALA LUMPUR, 13 April 2021 – The Malaysian Investment Development Authority (MIDA) successfully hosted the Research and Development for Business (RD4B) Programme to promote and increase awareness of the importance of R&D activities among industries players.

The event was an important platform for businesses to familiarise with government departments and agencies that promote R&D in Malaysia. Speakers from MIDA, Ministry of International Trade and Industry (MITI), Ministry of Science, Technology, and Innovation (MOSTI), Ministry of Higher Education (MOHE), Inland Revenue Board (IRB), Collaborative Research in Engineering, Science and Technology Centre (CREST) and Cyberview Sdn. Bhd. briefed 1,392 foreign and domestic participants on resources pertaining to R&D undertakings.

It was also an excellent avenue for new and existing businesses to knowledge up the available government assistance in making informed R&D investments or expanding their businesses in the R&D segment.

In his keynote address, Mr. Arham Abdul Rahman, Chief Executive Officer of MIDA iterated that the Government, in recognising the importance of research, development and innovation, provides funding support through various ministries for all stages of R&D from idea creation, research, development and commercialisation. He said, “In Budget 2021, the Government further expanded the tax incentive for companies that commercialises the R&D findings of public research institutions and, public and private higher learning institutions. The eligible R&D scope now includes both resource-based and non-resource-based undertakings.”

As of 31 December 2020, MIDA recorded a total of 199 approved R&D-related projects with capital investments of RM3.1 billion that created 6,949 high-skilled jobs. These approvals comprise 30 R&D companies, 80 contract R&D companies, 46 companies with in-house R&D facilities, 26 R&D status companies and 17 national strategic R&D projects. Among the top industries in which the R&D projects were approved include electrical and electronics (E&E), automotive and transport, machinery and equipment as well as chemical and chemical products.

Mr. Arham stressed on, “Given the cautiously optimistic investment climate due to the current pandemic, MIDA remains positive on the outlook of investments in R&D. We hope to continuously grow investments in R&D and give our utmost support to spur R&D and innovation in the country. Furthermore, R&D plays an imminent role in Industry 4.0. MIDA is also encouraging companies to tap upon the MIDA Lighthouse Programme that assists companies to accelerate Industry 4.0 adoption to a scalable and impactful stage. Simultaneously, it also hopes to influence ecosystem providers towards similar Industry 4.0 transformation by facilitating companies to address implementation challenges and barriers.”

Companies are encouraged to leverage the Government’s various support and facilities to move towards Industry 4.0. Among the initiatives under MIDA include the Automation Capital Allowance, Industry4WRD Intervention Fund, as well as the Smart Automation Grant (SAG). More details can be obtained at www.mida.gov.my.

During the programme, Mr. Arham officiated an i-R&D portal managed by MIDA. “This initiative looks to promote companies along the R&D value chain by connecting all relevant stakeholders via the portal. The connectivity between the R&D companies, researches and academic institutions is tantamount to ensure that R&D initiatives in the country are being realised effectively,” Mr. Arham added.

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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 channel.

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

MIDA Facilitates Industries to Pursue R&D


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Kuala Lumpur, 6 April 2021 – The Government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (MIDA). This is part of the proactive measures undertaken by the Government to continue Malaysia’s economic revitalisation efforts by facilitating investments and restoring investors’ confidence.

Under the normal procedure, the approved companies are required to comply with certain conditions and implement their approved projects within a specific period, as stipulated in the Approval Letters issued by MIDA. However, with the implementation of this relaxation mechanism, a company may be considered for certain relaxations on achieving the approved thresholds or meeting the implementation timeline of their approved projects, subject to compliance of identified criteria set by the Government. The relaxation of compliance with stipulated conditions is for the period between 2020 and 2021.

To leverage this facility, companies are required to submit their soonest requests to MIDA with relevant supporting documentation based on the prevailing policy decisions set by the Ministry of International Trade and Industry as well as the Ministry of Finance.

The Government hopes that this measure will further assist in supporting and stimulating the growth of the manufacturing and services sectors in Malaysia given the onset of the COVID-19 pandemic and the enforcement of the Movement Control Order (MCO) which have challenged economic activities and businesses.

Investors are encouraged to submit their appeal applications on relaxation/amendment of incentive conditions to the relevant divisions for specific industries and services in MIDA. For further enquiries directly related to policy matters, please contact the Strategic Planning and Policy Advocacy (Services) Division of MIDA at 03-2267 3633 (ext. 6675) / [email protected] or the Strategic Planning and Policy Advocacy (Manufacturing) Division of MIDA at 03-2267 3633 (ext. 6786) / [email protected]

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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 channel.

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Relaxation Of Incentive Conditions For Manufacturing And Services Projects Approved Under The Purview Of MIDA


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MIDA, through its InvestMalaysia Portal has launched an online application submission module on 26th March 2021 (Friday) via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the online application module are as follows:

  1. Manufacturing Licence (e-ML)
  2. Exemption letter from ML
  3. Incentive (e-Incentive)
  4. Expatriate Post & RE/RO
  5. Permit (PDA 2)
  6. R&D/IILS/DIILS Status
  7. Domestic Sales
  8. Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
  9. Enquires/Feedback
  10. Online Technical Support

We are pleased to inform that the next release of online application module in InvestMalaysia Portal will Go-Live on 9th April 2021 (Friday) at 9.00 am. Additional online applications under this release are as follows:

  1. Post Approval for:
    i. Manufacturing Licence
    ii. Incentive
    iii. Status
    iv. Expatriate Post
    v. RE/RO
  2. Post Licensing
  3. Post Incentive

Therefore, kindly be informed that https://investmalaysia.mida.gov.my will be down for system deployment as follows:

From 7th April 2021 (Wednesday) at 8.00 pm to 9th April 2021 (Friday) at 9.00 am.

Thank you.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: [email protected]

MIDA Introduces Online Application


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Kuala Lumpur, 1 April 2021 – The Malaysian Investment Development Authority (MIDA) announced the retirement of its Chief Executive Officer (CEO), Dato’ Azman Mahmud. Mr. Arham Abdul Rahman, former Deputy CEO I of MIDA will step up to the role of the new CEO effective 1 April 2021.

Mr. Arham has an outstanding track record and highly distinguished career spanning over three decades with MIDA. He has served primarily in the foreign investment arm of the organisation, with years of service in Germany and the USA. His experience as a MIDA frontliner for attracting and facilitating foreign investments into the country, gives him the unique proposition to lead MIDA in the new norm.

Dato’ Azman’s retirement concludes his 32 years of service at MIDA. He has held various positions across many divisions within the organisation. He has been instrumental in building Malaysia’s business ecosystems, facilitating industrial development and promoting investments in line with the country’s national investment aspirations. The ultimate objective is to position Malaysia as a preferred investment destination in the region and beyond given our country’s strategic value propositions and potential business opportunities.

During Dato’ Azman’s leadership, MIDA has actively advised on, recommended and implemented policies, strategies and directions for Malaysia’s manufacturing and services sectors. Working together will all levels of stakeholders including governmental counterparts, foreign and local business communities as well as academia and training partners, MIDA has consistently achieved yearly investment targets of RM200 billion between 2014 to 2019.

Furthermore, MIDA has received several accolades in recognition of its contribution to the country’s development. Notably, MIDA’s excellence garnered the Top Investment Promotion Agency award in the Asia-Pacific National category by Site Selection magazine, a US-based international business publication, in 2015, 2016 and 2019.

The COVID-19 pandemic presented unanticipated challenges for MIDA; however, Dato’ Azman at the helm, helped MIDA and the industry stakeholders navigate the uncertainties together with the Ministry of International Trade and Industry. MIDA was instrumental in the evaluation process during the initial Movement Control Order implementation and provided pertinent inputs for the drafting of policies and strategies in the Government’s plan to revive Malaysia’s economy to ensure that the nation’s industries remain sustainable and the livelihoods of people are protected.

Dato’ Azman has also led MIDA to actively re-engineering MIDA’s business processes to keep up with innovative and agile ways of working in this age of digitisation. The increased efficiency of the various functions of the organisation will enhance core business activities and visibility as well as strengthen the strategic planning and policy advocacy capacity.

This was particularly crucial during the pandemic as MIDA remained resilient and responsive in providing advice and support to the existing and potential investors despite the international border closures and restrictions in movement and gathering imposed. In 2020, MIDA successfully held over 500 online engagements with local and foreign stakeholders to update on the latest policy changes due to the pandemic through various online platforms and digital tools to ease investors and sustain confidence in Malaysia during the challenging time.

Moreover, on 23 March 2021, the Business Travellers’ Centre in KLIA was launched as part of the One Stop Centre (OSC) initiative by MIDA to ease the movement of business travellers during the pandemic by expediting the approval of their entry into Malaysia, as Malaysia embarks on the path of revitalisation. This Centre assumes a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth by enabling business travellers’ movement to do their business in Malaysia during the pandemic.

Most recently on 26 March 2021, MIDA’s InvestMalaysia Portal went live to the public. Serving as a single entry point for the stakeholders by offering 10 modules for online application submission, the portal focuses to transform MIDA’s core business functions towards improved efficiency and productivity by embracing an integrated technology system to expedite the application and approval process and further allow companies to speed-up project implementation.

As the organisation prepares itself for a smooth transition for the future, all MIDA Management and staff would like to express their sincere appreciation to Dato’ Azman for his contributions and dedication to the organisation and the country. MIDA will continue Dato’s Azman and his predecessors’ legacies to ensure MIDA remains a world class Investment Promotion Agency to cement Malaysia’s position as the pre-eminent preferred investment destination, under Mr. Arham’s leadership.

*****

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.

Media Contact:
Manjit Kaur Balkar Singh (Ms)
DL: +603-2267 3509 | Email: [email protected]

Dato’ Azman Mahmud Retires after 32 Years of Service for the Nation; Mr. Arham Abdul Rahman Helms Position as New CEO of MIDA


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The National Supply Chain Conference on Rail Projects organised by the Malaysian Investment Development Authority (MIDA) was held today at the Putra World Trade Centre (PWTC), Kuala Lumpur. It attracted an overwhelming interest of more than 2,000 participants ranging from industry players as well as local authorities, business chambers and embassies

11 April 2018, Kuala Lumpur– The National Supply Chain Conference on Rail Projects organised by the Malaysian Investment Development Authority (MIDA) was held today at the Putra World Trade Centre (PWTC), Kuala Lumpur. It attracted an overwhelming interest of more than 2,000 participants ranging from industry players as well as local authorities, business chambers and embassies.

There was a panel presentation which discussed the opportunities available in the supply chains of the infrastructure projects that are currently taking place in Malaysia. The session, which was moderated by Mr Ibrahim Sani of Astro Awani, featured speakers from Suruhanjaya Pengangkutan Awam Darat (SPAD), Prasarana Malaysia Berhad (Prasarana), Mass Rapid Transit Corporation Sdn. Bhd. (MRT Corp), Malaysia Rail Link Sdn. Bhd. (MRL) and MyHSR Corporation Sdn. Bhd. (MyHSRCorp). There were also 28 key exhibits mainly focusing on the development of the rail projects in Malaysia, including Keretapi Tanah Melayu Berhad (KTM) and other rail-related industry players.

During his welcome remarks, Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “Developing opportunities for SMEs to participate in the supply chains of the MNCs in Malaysia has been an on-going effort of MIDA. Recognising that infrastructure development is an important catalyst to promote investments to spur the country’s economic growth, we are intensifying efforts to promote sustainable linkages between all stakeholders. We want to encourage the transfer of advanced technology, increase of employment opportunities and talent development as well as sustain the growth of local industry players including SMEs in various related industry sectors.”

In addition to the integrated public transportation system in Greater Kuala Lumpur and the Klang Valley, the Government is currently developing other rail projects to connect different parts of the country. For example, the High Speed Rail connecting Kuala Lumpur and East Jurong, Singapore; and the East Coast Rail Link between Port Klang to Tumpat, Kelantan will further grow the industrial clusters such as manufacturing facilities and services hubs along these railway corridors.

“Our work in ensuring a comprehensive ecosystem for Malaysia does not end here. MIDA has also embarked on a nationwide series to spur the development of industrial parks. Our Industrial Park Forum is a response to meet the needs of new emerging industries, particularly in terms of internet connectivity, industry 4.0 elements, efficient management of park facilities, eco-waste management and adequate supply of utility requirements. In the context of the rail industry, the Malaysia Rail Industry Corporation (MARIC), a group of 31 local rail industry companies, has come out with a proposal to set up a dedicated industrial park to streamline the rail industrial ecosystem. We are following closely on the development of this proposal and stand ready to assist where necessary,” added the MIDA CEO.

In conjunction to the Supply Chain conference, MIDA is holding a 2-day Career Fair which gave job seekers the opportunity to attend open interviews. The event was participated by 100 companies from a range of industries including the rail industry and offered 20,000 vacancies at different levels. There was also an exchange of Memorandums of Understanding (MoUs) between MyHSR Corporation and various institutions of higher learning to embed rail-related curriculum in their programmes. This exchange underscores the commitment and interest by all parties in churning out future-ready talents in tandem with the growth of this industry.

*****

For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment Division, MIDA

Tel.: 03-2267 3627 | Email: [email protected]

Mr. Mohamad Ismail Abu Bakar

Director, Industry Talent Management and Expatriate (Talent & Expatriate)

Tel.: 03-2267 6715 | Email: [email protected]

Download:

Speech by CEO of MIDA_National Supply Chain Conference on Rail Projects & Career Fair 2018

Posted on : 11 April 2018

Business And Job Opportunities Abound at MIDA’s National Supply Chain Conference on Rail Projects and Career Fair 2018


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Malaysia last year recorded a total of 109 electrical and electronics (E&E) industry projects with approved investments of RM9.7 billion to drive new business growth and job creation, positioning the region to accelerate its transition into a smart manufacturing hub.

KUALA LUMPUR – 10 April 2018 – Malaysia last year recorded a total of 109 electrical and electronics (E&E) industry projects with approved investments of RM9.7 billion to drive new business growth and job creation, positioning the region to accelerate its transition into a smart manufacturing hub.

Mr Arham Abdul Rahman, Deputy Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “The E&E industry continues to be a significant driver of growth for Malaysia due to its cross-cutting linkages to other industries such as the machinery & equipment, transport and medical devices. Due to this, MIDA is pleased to once again partner with Semiconductor Equipment and Materials International (SEMI) in promoting the technological advancements taking place in the semiconductor industries through the SEMICON Southeast Asia 2018. We trust that this flagship event will bring not just meaningful impact to businesses but also contribute to the development of the whole ecosystem in the manufacturing sector.”

“Malaysia contributes 44% of the total manufacturing output and 26% of the total Gross Domestic Product of the Southeast Asia region, with a forecast to generate approximately USD382 billion in exports in 2018,” said Ng Kai Fai, President of SEMI Southeast Asia. “With this rapid expansion and robust progress of the E&E sector across Southeast Asia, the region’s electronics value chain is poised to capitalise on opportunities in vertical markets including automotive technology and industry 4.0.”

The significant growth sets the stage for SEMI, the global industry association serving the manufacturing supply chain for the micro- and nano-electronics industries, and MIDA (Malaysian Investment Development Authority), to once again bring SEMICON Southeast Asia to Malaysia. The event is the region’s premier industry gathering connecting innovators, products and technologies across the electronics manufacturing supply chain. For the first time, this event will be held in Kuala Lumpur at the newly constructed Malaysia International Trade and Exhibition Centre (MITEC) from 8 to 10 May 2018.

“With Southeast Asia and, in particular, Malaysia, rising as a world-class electronics manufacturing hub with end-to-end R&D capabilities, SEMICON Southeast Asia 2018 is a key platform for connecting electronics industry innovators and leaders from business, academia and research in the region,” Ng said. “Themed ‘Think Smart Make Smart’ , the event aims to foster the resilient and growing electronics manufacturing supply chain in Southeast Asia.”

Expected to draw 8,500 visitors from Southeast Asia, China, Taiwan, Europe and the United States, SEMICON Southeast Asia features three themed pavilions, five global pavilions, and a host of keynote presentations and forums that will address key, trending topics within the semiconductor ecosystem. Other event highlights include business-matching sessions, technical forums, workshops and seminars.

“MIDA and SEMI is also working closely with tertiary institutions and other industries towards promoting sustainable talent development in the E&E industry value chain. Among the featured talent initiative that will happen at the event include the Career Fair – involving more than 25 companies, a public-private dialogue with the Ministry of Education and Higher Education among others, as well as the SEMICON SEA University Programme that is specifically tailored to benefit post- and pre-graduates,” added the Deputy CEO of MIDA.

To register for SEMICON Southeast Asia 2018, please visit http://www.semiconsea.org/ or contact +65 6339 6361.

Southeast Asia 2018 sponsors include 3M, Advantest, Air Products, AMEC, Amkor Technology, Applied Materials, ASE Group, Bruker Corporation, Evatec, Festo, GLOBALFOUNDRIES, KLA-Tencor, Kulicke & Soffa, Lam Research, Malaysia Automotive Institute, MATRADE, Malaysian Industrial Development Finance Berhad, Malaysia Productivity Corporation, Ministry of International Trade and Industry, Mi Equipment, National Instruments, Rudolph Technologies, SME Bank, SME Corporation Malaysia, SPTS Technologies, TF AMD Microelectronics, Tokyo Electron, TORAY and Carl Zeiss Pte Ltd. Supporting partners includeMalaysia Convention & Exhibition Bureau, Ministry of Tourism and Culture Malaysia, Malaysia Investment & Development Authority, Saigon Hi-Tech Park, Semiconductor Fabrication Association Malaysia, Singapore Manufacturing Federation and Surface Mount Technology Association.

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About SEMI

SEMI® connects over 2,000 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Association Partners, defined communities within SEMI focused on specific technologies. Since 1970, SEMI has built connections that have helped its members prosper, create new markets, and address common industry challenges together. SEMI maintains offices in Bangalore, Berlin, Brussels, Grenoble, Hsinchu, Seoul, Shanghai, Silicon Valley (Milpitas, Calif.), Singapore, Tokyo, and Washington, D.C. For more information, visit www.semi.org and follow SEMI on LinkedIn and Twitter.

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 a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 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 TwitterInstagram and Facebook.

This news release is issued on behalf of

SEMI by Acendus Communications Sdn Bhd

For further enquiries, please contact Michael Poh at 012 395 5202 or

Reshvinder Kaur at 017 275 7985

SEMICON SOUTHEAST ASIA – KEY HIGHLIGHTS

  • 1.CXO Speaks Forum: Strengthening Southeast Asia’s electronics manufacturing ecosystem and capturing new opportunities in the era of Internet-of-Things (IoT)

This by-invitation only forum will explore and discuss the missing links and opportunities from the perspectives of policy makers and industry leaders. It serves to provide deep insights into building a resilient and growing electronics industry for Southeast Asia.

  • 2.Southeast Asia Investment Forum (SAIF)

SAIF is an annual flagship event that showcases the diverse investment opportunities in the Southeast Asia region for the electronics manufacturing supply chain. This year, SAIF will host Malaysia, Vietnam, Singapore and Thailand to share the roadmaps and investments market in the electronics segment.

  • 3.Technology Innovation Forum – Smart Manufacturing

This keynote speech will delve into what smart manufacturing means for the future of the electronics manufacturing supply chain.

  • 4.SEMICON University Programme + Talent Career Fair 2018

SEMICON University provides the opportunity for students to learn more about the entrepreneurship microelectronics industry from executive leaders and educators while engaging with industry professionals through an interactive session.

  • 5.Three themed pavilions and five global pavilions
  • Smart Manufacturing
  • Future electronics manufacturing services (EMS)
  • World of IoT
  • 6.Five global pavilions
  • Malaysia – supported by: Ministry of International Trade and Industry, Malaysia External Trade Development Corporation (MATRADE), Malaysian Industrial Development Finance Berhad (MIDF), SME Corporation Malaysia (SME Corp), Malaysia Automotive Institute (MAI), Malaysia Productivity Corporation and Small Medium Enterprise Development Bank Malaysia Berhad (SME BANK)
  • Singapore
  • China
  • Europe
  • Taiwan
  • 7.Supplier-search Programme
  • An annual programme, this encourages cross border business matching as well as a technology start-up platform which will bring together all Southeast Asia technology entrepreneurial resources from across the region into one place, at one time. 

News Release – SEMI & MIDA PC

Posted on : 10 April 2018

MIDA & SEMI to Propel Malaysia’s Electronics Industry via SEMICON Southeast Asia 2018


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In line with the technological advancements taking place in Malaysia, the Malaysian Investment Development Authority (MIDA) signed a tripartite pact with Daher and France’s IoT Valley on 20 April 2018. The Memorandum of Understanding (MoU) will contribute towards promoting more investment and business cooperation between France and Malaysia, particularly in the development of IoT and logistics in Malaysia’s aerospace industry.

Paris, 23 April 2018 – In line with the technological advancements taking place in Malaysia, the Malaysian Investment Development Authority (MIDA) signed a tripartite pact with Daher and France’s IoT Valley on 20 April 2018. The Memorandum of Understanding (MoU) will contribute towards promoting more investment and business cooperation between France and Malaysia, particularly in the development of IoT and logistics in Malaysia’s aerospace industry.

Being a key player in Industry 4.0 and a global service provider in aerospace, Daher’s involvement will contribute towards creating and supporting the development of new innovative solutions in line with the Malaysian Aerospace Industry Blueprint 2030. Meanwhile, the IoT Valley will leverage on its dedicated ecosystem of Internet-of-Things (IoT) companies to provide the necessary digital and network support to boost this endeavour.

“MIDA is proud to be a part of this initiative that will deliver a great deal of added value to the aerospace industry in terms of innovative products and services being created, quality employment opportunities and businesses for the local supply chain. By utilising IoT technologies such as data analytics and sensors in logistic services for the aerospace industry, it would not only enhance the overall user experience for consumers but also benefit cost optimisation and energy efficiency. With this MoU, MIDA will work closely with Daher and IOT Valley to facilitate their investments in Malaysia. We foresee that the country would stand to benefit from the future-focused logistic solutions created through this partnership,” said Dato’ Azman Mahmud, Chief Executive Officer of MIDA who signed the MoU during the MIDA Investment Mission to France.

During the MoU signing, Daher was represented by Mr. Didier Kayat, the CEO of Daher while IoT Valley was represented by Mr. Bertran Ruiz, IoT Valley’s Head of Business. Daher will soon establish their regional office in Malaysia.

France is Malaysia’s 5th largest foreign investor in the manufacturing sector among the European Union member states. As at December 2017, a total of 117 manufacturing projects with French participation have been implemented with investments of RM3.5 billion. Majority of these investments were in petroleum products, machinery & equipment, transport equipment, chemical & chemical products and basic metal products. These investments have provided more than 10,000 job opportunities in the country.

“France is no doubt one of the important trading partners and source of investment for Malaysia. Many French companies have had a long standing presence in Malaysia and we are proud to host notable players such as STMicroelectronic, Lafarge, Arkema, Decathlon, Safran, Airbus, TechnipFMC, Saint-Gobain, and International SOS. We continue to welcome investments particularly in new growth areas. French companies have also been making Malaysia their regional and global hub. From 2006 to 2017, a total of 85 projects have been approved with investments of RM2.2 billion. These include ESI Group (Regional Office), Saint Gobain (Operational Headquarters), InfoVista (Operational Headquarters), Monin (Regional Distribution Center), Centre Technique Des Mecaniques-CETIM (Representative Office),” added the CEO of MIDA.

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Link to photos:https://drive.google.com/open?id=19IKJvB-kV3AIEQOVhwJbj10dqjhgQUPR


About DAHER

Daher is an aircraft manufacturer, equipment supplier and service provider. In 2017, the company posted turnover of €1.1 billion, strengthening its leadership in three business lines: aircraft manufacturing, aerospace equipment and systems, and supply chain and logistics services. The family-owned company has been driven by innovation since its inception, in 1863. With operations in 11 countries, Daher has established itself as a key player in Industry 4.0 by designing and developing solutions that bring significant added value to its industrial partners.

About IOT Valley

Created in 2009 by four Toulouse entrepreneurs, the IoT Valley association has, since March 2015, developed an ecosystem dedicated to the Internet of Things (IoT). It now brings together 35 startups and 18 partners over 13,000m 2. The IoT Valley ecosystem is the answer to 3 major problems that hinder the development of IoT, namely the difficulty to launch, develop and finance an IoT project; the lack of IoT Business-to-Business startups because entrepreneurs are unaware of issues of intermediate-sized enterprise (ETI) and big companies; and the lack of understanding between ETI / big companies andstartupswho have trouble working together (temporality, process, decision-making structure, etc). The ambition of the IoT Valley is to develop the best ecosystem in the world in the Internet of Things.

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 a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 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 TwitterInstagram and Facebook.

For further information, please contact:-

Ms. Noorhazlina Mohamad Nor

Director, MIDA Paris

42, Avenue Kleber 75116 Paris, France

Tel: (331) 4727 6696/ 3689 | E-mail: [email protected]

Mr. Nelson Samuel Wilson

Director, Foreign Investment Promotion Division

MIDA HQ, KL Sentral, Kuala Lumpur, Malaysia

Tel.: +603-2267 3787 | Email: [email protected]

Media Release MOU MIDA IOT Valley DAHER final

Posted on : 23 April 2018

 

MIDA Signs Tripartite Pact with Daher & IoT Valley Woo More French Investments, Drive Innovation in Aerospace Logistics


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“There are many exciting developments happening in Terengganu that bodes well for business and job opportunities. The East Coast Rail Link (ECRL), Terengganu Silica Valley (TSV), Terengganu Technology Hub (TTH), Visit Terengganu 2018 and the rejuvenation of the Knowledge Park in Tembila – a boost to the development of human capital in the state,” said Mr Arham Abdul Rahman, Deputy Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) during its 5th instalment of the MIDA Invest Series today

18 April 2018, Kuala Lumpur – “There are many exciting developments happening in Terengganu that bodes well for business and job opportunities. The East Coast Rail Link (ECRL), Terengganu Silica Valley (TSV), Terengganu Technology Hub (TTH), Visit Terengganu 2018 and the rejuvenation of the Knowledge Park in Tembila – a boost to the development of human capital in the state,” said Mr Arham Abdul Rahman, Deputy Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) during its 5th instalment of the MIDA Invest Series today.

The series that started in January this year with Perlis and Kedah, followed by Kelantan and Pahang in February serves to provide updates and insights on the investment opportunities and facilities in each of Malaysia’s 13 states. The event continued today with a joint collaboration between MIDA and the Terengganu State Economic Transformation Unit (UTEN-T), featuring an in-depth presentation by the Executive Director and Chief Executive Officer of UTEN-T, Datuk Wan Mohd Albakri bin Wan Md. Noor.

Speaking briefly on the mega-projects taking place in Terengganu, Mr Arham said, “The ECRL with a total of 688km long route, that links Port Klang, Selangor, Pahang, Terengganu and end in Tumpat, Kelantan will contribute to greater development for the economy in the rural areas of the east coast. This will also be a catalyst to enhance the other upcoming significant projects such as the Terengganu Silica Valley (TSV) that is set to become the world’s first silica valley, and Terengganu Technology Hub (TTH) – the first creative and cultural hub that fosters symbiotic growth between culture and technology.”

TSV, launched on 3rd March 2018 by YAB Prime Minister, is set to create up to 7,200 jobs for locals and will be capable of producing medium-to-large-sized silica-based industrial materials. MIDA is part of this game changer through its Special Task Force, formed at end-2017, and has been engaging with the related Government agencies and utility providers. The Task Force is on track towards proposing implementable strategies and effective action plans for the next 5 years.

MIDA has also established a research desk on the silica and quartz value chain to identify gaps in the ecosystem and create opportunities to fill them towards developing a strong and comprehensive industry cluster towards higher-end downstream activities. This will provide opportunities for key players in the chemical, electrical & electronic, metal, green technology, glass and non-metallic industries.

As at December last year, among the states in the east coast of Malaysia, Terengganu records the highest amount of investments in the manufacturing sector. There were 210 implemented projects valued at RM33.9 billion. Most of these projects are from domestic sources recording a total of RM20.4 billion or 60% while the rest are from foreign sources. These projects, which have created over 20,000 job opportunities, are mainly in natural gas, petroleum products (including petrochemicals), basic metal products, rubber products and transport equipment industries.

Do look out for the next MIDA Invest Series and other programmes that will be coming soon. Interested parties are encouraged to follow MIDA’s social media for the latest announcements and updates at @OfficialMIDA on Facebook and /OfficialMIDA on Twitter.

*****

For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment & Supply Chain Division, MIDA

Tel.: 03-2267 3627

Email: [email protected]

Download:

 Speech by Mr. Arham Abdul Rahman, DCEO II -MIDA Invest Series Terengganu

Slide Presentation by UTEN-T

Posted on : 18 April 2018

MIDA Invest Series: Unfolding the Potential Of Terengganu


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The Malaysian Investment Development Authority (MIDA) signed and exchanged a Memorandum of Understanding (MoU) with Cosmetic Valley France (CVF) during a MIDA Mission to Paris led by the Chief Executive Officer (CEO) on 19 April 2018. This MoU reflects the shared ambition between both entities to develop a sustainable cosmetics and personal care industry cluster in Malaysia through the sharing of information, mutual promotional initiatives and R&D efforts particularly in the Halal segment. Ultimately, this will contribute towards providing new and innovative products to the market and enhancing economic growth for both Malaysia and France.

The Malaysian Investment Development Authority (MIDA) signed and exchanged a Memorandum of Understanding (MoU) with Cosmetic Valley France (CVF) during a MIDA Mission to Paris led by the Chief Executive Officer (CEO) on 19 April 2018. This MoU reflects the shared ambition between both entities to develop a sustainable cosmetics and personal care industry cluster in Malaysia through the sharing of information, mutual promotional initiatives and R&D efforts particularly in the Halal segment. Ultimately, this will contribute towards providing new and innovative products to the market and enhancing economic growth for both Malaysia and France.

Paris, 23 April 2018 – The Malaysian Investment Development Authority (MIDA) signed and exchanged a Memorandum of Understanding (MoU) with Cosmetic Valley France (CVF) during a MIDA Mission to Paris led by the Chief Executive Officer (CEO) on 19 April 2018. This MoU reflects the shared ambition between both entities to develop a sustainable cosmetics and personal care industry cluster in Malaysia through the sharing of information, mutual promotional initiatives and R&D efforts particularly in the Halal segment. Ultimately, this will contribute towards providing new and innovative products to the market and enhancing economic growth for both Malaysia and France.

Signing the agreement, Dato’ Azman Mahmud, CEO of MIDA said, “We are excited to work with CVF, a renowned point of reference for global cosmetics, to advance the development of this industry in Malaysia through various initiatives. This includes leveraging on promotional platforms such as Cosmetic 360 – an international event which showcases creativity and innovation in the cosmetic industry supply chain; facilitating business matching sessions that allow our local players to tap into the technical and regulatory know-how of French companies; and supporting research & innovation as well as training efforts among all stakeholders through projects such as Cosmetopeia.”

Malaysia’s rich biodiversity and natural resources makes the country an ideal location to be part of the global supply chain for the cosmetics and personal care industry as consumers today are seeking more natural and organic products.

“By making Malaysia their cluster, global cosmetic companies can benefit from the availability of the necessary ingredients and increase cost efficiency due to the close proximity. Meanwhile, local industry players stand to benefit from the exchange of expertise and access to international platforms and initiatives by taking advantage of France’s position as a world leader in the cosmetic industry with a 14.8% market share and home to major renowned brands. There is much our local players can learn from as a lot of their success is attributed to the large investments made in R&D. In fact, most global cosmetic companies spend between 1.5% and 4.5% of their annual turnover (sales) on R&D and there are approximately 6,000 patents filed by the European cosmetics and personal care industry. We hope to see this success emulated in Malaysia,” added Dato’ Azman.

Foreign companies have been leveraging on Malaysia’s comprehensive halal ecosystem developed over the years. Encompassing a wide spectrum of activities going beyond food production, Malaysia halal products including cosmetics and toiletries have carved a niche globally that are known for its quality which is recognised globally. This is further recognised by the collaboration between MIDA and CVF.

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Link to photos:https://drive.google.com/open?id=1kX3ZriknR71gSOH39WSC5fDbXPtidjdc

About Cosmetic Valley France

Created in 1994, Cosmetic Valley became a ‘competitiveness cluster’ in 2005. Now, as the world’s leading centre of resources in cosmetics and perfumery, it is setting the standard in the world of cosmetics. As the driving force behind a world-renowned industry and the world’s leading exporter, this national cluster embodies the values of the ‘Made in France’ brand: innovation, performance, product safety and respect for the environment. Its role is to support the academic and industrial stakeholders within the perfumery and cosmetics industry in increasing their knowledge and skills, by means of commercial development (networking, export support for SMEs, etc.) and improvement of their competitiveness (creation of research and innovation projects, etc.).

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 a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 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 TwitterInstagram and Facebook.

For further information, please contact:-

Ms Noorhazlina Mohamad Nor

Director, MIDA Paris

42, Avenue Kleber 75116 Paris, France

Tel: (331) 4727 6696/ 3689

E-mail: [email protected]

Mr. Nelson Samuel

Director, Foreign Investment Promotion Division

MIDA HQ, KL Sentral, Kuala Lumpur, Malaysia

Tel.: +603-2267 3787

Email: [email protected]

Media ReleaseMIDA MoU CVF final

Posted on : 28 April 2018 

MIDA Inks MoU with Cosmetic Valley France Set to Boost Innovation in Halal Cosmetics Industrial Cluster in Malaysia


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The Localisation Programme for Automotive Industry 2019 with the theme “Local2Global” organised by the Malaysian Investment Development Authority (MIDA) in collaboration with the Malaysian Automotive Association (MAA) at MIDA headquarters today received an encouraging response from the automotive industry players. The event, which was well attended by over 100 participants ranging from MAA members, including the Original Equipment Manufacturers (OEMs) and local vendors discussed among others, initiatives to increase localisation activities that will benefit all stakeholders as well as to encourage more investments in the industry

2 April 2019, Kuala Lumpur – The Localisation Programme for Automotive Industry 2019 with the theme “Local2Global” organised by the Malaysian Investment Development Authority (MIDA) in collaboration with the Malaysian Automotive Association (MAA) at MIDA headquarters today received an encouraging response from the automotive industry players. The event, which was well attended by over 100 participants ranging from MAA members, including the Original Equipment Manufacturers (OEMs) and local vendors discussed among others, initiatives to increase localisation activities that will benefit all stakeholders as well as to encourage more investments in the industry.

Mr Arham Abdul Rahman, Deputy Chief Executive Officer of MIDA, in his speech said, “The Government has always considered localisation as one of the important elements to further develop the local automotive industry. We are pleased to gather a remarkable representation across the automotive industry including both the OEMs and vendors at this platform. I believe that through a strong participation between all stakeholders, the efforts towards enhancing the development of Malaysia’s automotive industry can be made possible. We are certainly looking forward to seeing more investments in the industry that brings about the transfer of technologies and expertise creating new capacities and help contribute to the creation of high-value jobs”.

As of 2018, the Malaysian automotive industry has 27 vehicle manufacturers (OEMs) producing cars as well as two-wheelers and commercial vehicles. It contributes about RM40 billion or 4% to Malaysia’s GDP, with a workforce of more than 600,000, of which 53,000 for aftermarket establishments, and around 800 for parts and components suppliers. For the period 2012 to 2018, MIDA has approved a total of 396 projects in the automotive industry with investments worth RM20.5 billion.

“Despite this achievement, there is no room for complacency. Advances in technology, changing consumer demands, increasing competition, rising disposable incomes and the proliferation of brands and products offer today’s industries more choice than ever before. I would like to encourage the auto players to get involved and participate fully from all initiatives undertaken. Companies that thrive in this new world of revolution do not have to be the biggest. They only need to be flexible in customising their products to meet customers’ needs,” Mr Arham added.

Datuk Aishah Ahmad, President of MAA, highlighted in her opening address said,” The automotive industry is one of the leading industrial sectors in Malaysia. Therefore, the initiative by MIDA in organising today’s programme is indeed very laudable and timely. It is essential that the industry works hand-in-hand with all stakeholders including the government in ensuring we can be very competitive, produce better and more affordable vehicles, regardless of whether for the export or local market.”

The event featured a sharing session by PERODUA, several speakers’ session by local vendors such as Continental Automotive Malaysia, Malaysian Automotive Lighting, KYB-UMW Malaysia, Morrissey Technology and FEC Cables (M), and a one-to-one business matching session between the OEMs and local vendors.

Following the overwhelming feedback received from the participants, MIDA will continue to organise similar series of engagements to promote localisation activities for broader group of vendors in other industries such as the electrical & electronics and machineries.

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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.

For more information, please contact:

Mr Zahirul Ishak

Director, Transportation Technology Division, MIDA

Tel: 03- 2267 6621 | Email: [email protected]

Download:

Speech by DCEO I_Localisation Programme for Automotive Industry 2019

Posted on : 02 April 2019

 

MIDA Collaborates With MAA To Boost Localisation Activities In The Automotive Industry


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The Malaysian Investment Development Authority (MIDA) is pleased to announce the appointment of Dato’ Abdul Majid Ahmad Khan, the President of Malaysia-China Friendship Association who is also the Honorary Chairman of the Malaysia-China Chamber of Commerce, as the new Chairman of MIDA, effective 22 April 2019

25 April 2019, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) is pleased to announce the appointment of Dato’ Abdul Majid Ahmad Khan, the President of Malaysia-China Friendship Association who is also the Honorary Chairman of the Malaysia-China Chamber of Commerce, as the new Chairman of MIDA, effective 22 April 2019.

Dato’ Abdul Majid needs no further introduction as he has a highly distinguished career spanning over three decades in the civil service including the Prime Minister’s Department as well as several Malaysia Missions abroad and senior positions in the Ministry of Foreign Affairs. He has also carved a name among Malaysia’s illustrious personalities, especially in the corporate world. He is on several boards of companies including three public listed companies in Malaysia. Dato’ Abdul Majid holds a Bachelor of Economics (Honours) from the University of Malaya.

The new chairman succeeds Tan Sri Amirsham A. Aziz, whose term has ended in 2018 after six years of distinguished service. MIDA would like to express its sincere appreciation to Tan Sri Amirsham for his contributions and dedication to the organisation and the country.

As someone with such a vast experience, Dato’ Abdul Majid’s leadership will be invaluable to MIDA, particularly in the context of the organisation’s efforts in attracting more quality investments that translate to tangible benefits felt by all Malaysians.

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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 a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, @OfficialMIDA.

For more information, please contact:

Puan Zalina Zainol

Director, Corporate Communications, MIDA

Tel.: 03-2263 2437 | Email: [email protected]

Posted on : 25 April 2019

Dato’ Abdul Majid Bin Ahmad Khan, New Chairman of MIDA


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Malaysia has been proactive during the Movement Control Order (MCO) in balancing public health and the livelihood of the people as well as strengthening the economic fundamentals by providing the necessary approval for companies in several economic sectors to operate, and are subject to strict adherence to health and safety guidelines.

Kuala Lumpur, 20 April 2020 –  Malaysia has been proactive during the Movement Control Order (MCO) in balancing public health and the livelihood of the people as well as strengthening the economic fundamentals by providing the necessary approval for companies in several economic sectors to operate, and are subject to strict adherence to health and safety guidelines.

“While the COVID-19 pandemic has changed the global industrial system, MITI is committed to ensuring that Malaysia continues to be positioned as an investor-friendly location for long term growth of both foreign and domestic businesses. Foreign direct investment (FDI) is a long term capital flow. We trust that the existing foreign companies will continue to weather the storm and retain their investment in the country,” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), today.

Against the backdrop of a challenging external environment and declining global FDI inflows, Malaysia remains resilient and attracted a total of RM207.9 billion of approved investments in the manufacturing, services and primary sectors in 2019, a 1.7 per cent increase, compared to 2018. With a contribution of 60.4 per cent (RM125.5 billion), domestic direct investment (DDI) accounted for the bulk of the total approved investments. Although FDI made up for 39.6 per cent (RM82.4 billion) of the total, the value of FDI in 2019 had increased by 2.9 per cent from the previous year.

The services sector led the way for total investments approved in 2019. Approved investments for the sector also increased by 11.3 per cent from 2018.

The USA (RM26.8 billion), People’s Republic of China (RM15.7 billion) and Japan (RM12.1 billion) accounted for 66.3 per cent of total FDI approved in the manufacturing, services and primary sectors.

Selangor (RM47.8 billion) recorded the highest investments approved last year, followed by Pulau Pinang (RM33.7 billion), Johor (RM24.4 billion) and Wilayah Persekutuan Kuala Lumpur (RM21.6 billion). These four states alone contributed more than 60 per cent of the total approved investments for 2019.

Manufacturing Sector

Malaysia’s manufacturing sector recorded approved investments of RM82.7 billion for 2019. The number of manufacturing projects approved increased by 37 per cent from 721 projects in 2018 to 988 projects in 2019. FDI accounted for 65.2 per cent (RM53.9 billion) of total approved investments in the manufacturing sector, while domestic investments constituted the remaining 34.8 per cent (RM28.8 billion). “The Malaysian Investment Development Authority (MIDA) has put in place a fast track mechanism to expedite the approval of projects. It is noteworthy that 86.9 per cent of the manufacturing projects approved last year were through this mechanism,” said YB Dato’ Seri Azmin.

In line with Malaysia’s move towards sophisticated technology industries, capital intensive projects which involve advanced technology and skilled workforce dominated the manufacturing landscape. This is represented by the 108 projects approved with investments of RM100 million and above, which is 33.3 per cent higher than in 2018.

YB Dato’ Seri Azmin added that as the manufacturing sector has the most significant multiplier effect on the nation’s activities and growth, it will continue to be the mainstay of the economy. This includes forward and backward linkages, the development of cluster industries, the transfer of new technologies, and skills development, to name a few. In 2019, the manufacturing sector was the second-highest contributor to the Malaysian Gross Domestic Product (GDP) with 22.3 per cent share or RM316 billion.

The approved manufacturing projects last year will create new jobs for more than 78,000 people. Of these, 35.4 per cent are in the managerial, technical and supervisory (MTS) positions. Job opportunities in MTS roles increased by 24 per cent in 2019.

Overall, new projects made up 54.1 per cent of the total manufacturing projects approved. Foreign investments were evenly balanced between new and expansion or diversification projects in 2019. Meanwhile, domestic investments were mostly concentrated on new projects.

In terms of top-performing industries in 2019, the electrical and electronics (RM25.7 billion), paper, printing and publishing (RM10.8 billion), transport technology (RM8.0 billion), non-metallic mineral products (RM6.9 billion), and chemicals and chemical products (RM4.8 billion) contributed more than 68 per cent of the total approved investments in the manufacturing sector last year. It is noteworthy that investments in the three catalytic sub-sectors namely electrical and electronics, machinery and equipment and chemical, and two high growth areas – aerospace and medical device, recorded an increase of 90.2 per cent from RM21.5 billion in 2018 to RM40.9 billion in 2019.

Both People’s Republic of China (RM15.3 billion) and the USA (RM14.2 billion) were the two top investor countries in the manufacturing sector in Malaysia and contributed 54.7 per cent of the total foreign investments approved in the sector. The People’s Republic of China was also the largest source of foreign investments in the manufacturing sector for four consecutive years. It is impressive to note that the investments in the manufacturing sector from Taiwan, the USA and Singapore for 2019 have increased seven, four and three folds, respectively.

To date, MIDA has facilitated 85 companies from China as well as from different parts of the world for relocation or redeployment of activities to Malaysia due to the US-China Trade War. Of the total, MIDA has successfully captured 32 projects with investments amounting to RM14.0 billion and seven projects are currently under evaluation with investments valued at RM6.22 billion.

Selangor (RM17 billion) was the largest recipient of investments in the manufacturing sector for 2019, followed by Pulau Pinang (RM16.9 billion), Kedah (RM11.5 billion) and Johor (RM11.5 billion). These four states constituted nearly 70 per cent of total approved investments in the sector last year.

The addition of the 988 manufacturing projects approved in 2019 brings the total number of manufacturing projects approved between 2015 – 2019 to 3,809 projects. Approximately 73.4 per cent of these projects with investments worth RM208.5 billion have been implemented.

Notable projects that were approved last year include a project by Intel that will invest RM10 billion to bring the latest Advanced Assembly and Test technology to Malaysia, as well as an investment by a British-based company, Smith+Nephew that will establish its orthopaedics manufacturing facility in Pulau Pinang. The products manufactured by Smith+Nephew will include knee and hip implants.

Another example of a quality project is the investment from AAC Technologies, the world’s leading solutions provider for smart devices. The company will be producing front end moulds and related components in Johor. This high-value project will create new outsourcing opportunities for local businesses and vendors as well as high-value jobs for Malaysians.

Services Sector

“The services sector continues to be the cornerstone of the nation’s economic growth. Malaysia’s virtues as a hub for business and investment helped draw 4,087 approved projects in the services sector in 2019 with investments of RM118.1 billion. It is noteworthy that although domestic sources dominated approved investments in the services sector, foreign investments have increased by a significant 53.4 per cent, from RM16.1 billion in 2018 to RM24.7 billion in 2019,” said YB Senior Minister and Minister of MITI.

Collectively, the top five contributors of approved investments in the services sector namely the real estate (RM40.9 billion), utilities (RM32.6 billion), global establishments (RM11.8 billion), distributive trade (RM11.7 billion) and support services (RM5.7 billion) represent 87.0 per cent or RM102.7 billion of approved investments in the services sector.

The approved investments for global establishments saw an increase of 57.3 per cent. A total of 169 projects proposing to make Malaysia their regional or global operations hubs were approved last year. These activities, which are expected to create new jobs for 884 knowledge-based or highly technical skilled workers, will also position Malaysia on course for greater integration into the global supply chain.

“Last year, notable services projects approved included two green technology projects by Telekosang Hydro in Sabah, a healthcare project by Daehan Rehabilitation Services in Putrajaya and a hospitality project by Interland Development in Sabah,” said YB Senior Minister and Minister of MITI.

Primary Sector

The primary sector registered approved investments of RM7 billion in 2019, compared to RM10.9 billion in 2018. Mining sub-sector led the bulk of investments in the primary sector, 94.3 per cent of total investments approved in this sector. The rest of the investments in the primary sector comprise the plantation and commodities subsector, and the agriculture subsector, which registered sustainable investments of RM291.4 million and RM135.1 million, respectively.

Bracing for the Future

Malaysia kick-started this year with five approved manufacturing and services projects worth RM4.6 billion. “The priority now is not about the number of investors or absolute value of investments but to bring in high value-added investments that can help to revive the economy. As business as usual approach will no longer work in this challenging environment, a fundamental solution for the country to revitalise the economy is through adopting bold initiatives to ensure impactful accomplishments. Closer partnerships between federal, states and local authorities will be of the essence in facilitating our investors and ensuring the implementation of approved projects. All stakeholders need to make the necessary changes and reengineer processes to deliver more efficient and effective services. Digitalisation and automation is indeed the way forward,” said YB Senior Minister and Minister of MITI.

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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 and Facebook, Linkedin and Youtube channel.

For more information, please contact:

Ms Zalina Zainol

Director, Corporate Communications Division, MIDA

Tel.: 03-22632437 Email: [email protected]

Downloads:

Media Release Investment Performance 2019 (English)

Media Release Investment Performance 2019 (Bahasa Malaysia)

AMC 2020

MIDA IPR 2019

View Investment Data

Posted on : 20 April 2020

Approved Investments In The Manufacturing, Services and Primary Sectors In 2019 Totalled RM207.9 Billion


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