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

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: [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.

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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 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.

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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 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]

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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/

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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 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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