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Akses Terus Kepada Lebih 15 Agensi Kerajaan, Forum Pelaburan Bernilai Tinggi Dan Jaringan Bersama 300 Peserta Industri Dalam Satu Hari, Di Satu Lokasi.

Menghimpunkan syarikat tempatan dan Bumiputera, PKS, syarikat mid-tier, pelabur serta pemain industri dari Pahang, Kelantan dan Terengganu.
Memberi tumpuan kepada peluang pertumbuhan, peningkatan kapasiti, teknologi dan penyertaan syarikat tempatan dalam rantaian bekalan global.
ECRL diketengahkan sebagai pemangkin baharu pelaburan, logistik dan pembangunan ekonomi di sepanjang Koridor Pantai Timur.
Business Clinic menyediakan akses terus kepada lebih 15 agensi Kerajaan — termasuk Kastam, Imigresen, LHDN, PERKESO, TNB dan PLANMalaysia bagi membantu menangani isu operasi, pematuhan, tenaga kerja, kelulusan dan pelaksanaan projek.

Kuantan, Pahang, 2 September 2026 — Lembaga Pembangunan Pelaburan Malaysia (MIDA) akan menganjurkan Seminar Pelaburan Wilayah Pantai Timur 2026 bertemakan “Memacu Pembangunan Pelaburan dan Bumiputera di Koridor Pantai Timur” pada 8 September 2026 di AC Hotel, Kuantan, Pahang. Seminar ini menjadi platform untuk memperkukuh ekosistem pelaburan serta memperkasakan syarikat tempatan dan Bumiputera di Pahang, Kelantan dan Terengganu.

Menyasarkan penyertaan seramai 300 peserta, seminar ini akan menghimpunkan syarikat tempatan dan Bumiputera, Perusahaan Kecil dan Sederhana (PKS), syarikat mid-tier, pelabur, pemain industri, institusi kewangan serta agensi Kerajaan untuk meneroka peluang pertumbuhan baharu dan membina hubungan strategik di Wilayah Pantai Timur.

Seminar ini memberi fokus kepada peranan syarikat tempatan dalam membentuk ekosistem industri Pantai Timur yang lebih inklusif dan berdaya saing. MIDA mahu menggalakkan syarikat sedia ada untuk meningkatkan kapasiti pengeluaran, memperkukuh keupayaan teknologi, meningkatkan produktiviti dan bergerak ke arah aktiviti bernilai tambah lebih tinggi. Ini selaras dengan aspirasi Kerangka Ekonomi MADANI untuk memastikan manfaat pembangunan pelaburan dapat dirasai dengan lebih meluas oleh ekonomi dan masyarakat tempatan.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Ketua Pegawai Eksekutif MIDA, berkata, “Wilayah Pantai Timur mempunyai asas ekonomi dan industri yang kukuh serta potensi yang besar untuk berkembang sebagai koridor pelaburan yang lebih berdaya saing. Dengan peningkatan kesalinghubungan melalui ECRL, kekuatan sektor sedia ada serta peluang dalam sektor baharu dan bernilai tinggi, kita melihat ruang yang besar untuk syarikat tempatan dan Bumiputera berkembang bersama
pelaburan yang masuk ke rantau ini.”

“Yang paling penting, kita mahu PKS dan syarikat tempatan melihat perkembangan ini bukan hanya sebagai peluang untuk syarikat besar, tetapi sebagai peluang untuk mereka sendiri meningkatkan kapasiti, mengadaptasi teknologi, menjadi
pembekal kepada industri yang lebih besar dan menembusi pasaran baharu. Seminar ini merupakan salah satu platform untuk membantu mereka memahami peluang tersebut dan menghubungkan mereka dengan pihak yang boleh membantu
merealisasikannya,” tambah Datuk Sikh Shamsul Ibrahim.

Mengapa Anda Perlu Hadir

Memahami Kerangka Insentif Baharu (NIF) dan cara memohon insentif pelaburan yang bersesuaian dengan perniagaan anda.
Meneroka peluang sebenar daripada projek ECRL — dari logistik dan rantaian bekalan sehingga lokasi strategik di sepanjang koridor.
Menimba inspirasi daripada syarikat tempatan yang telah berkembang daripada PKS kepada pemain nasional dan global.
Membina jaringan strategik bersama pelabur, institusi kewangan dan 300 peserta industri dalam satu majlis.

Program yang Memacu Peluang dan Jaringan Perniagaan

Program ini akan menampilkan ucaptama oleh Ketua Pegawai Eksekutif MIDA, diikuti dengan sesi mengenai Kerangka Insentif Baharu (New Incentive Framework – NIF), Forum ECRL serta sesi “Dari Pantai Timur ke Persada Dunia” yang akan meneroka peluang pelaburan, kesalinghubungan serantau serta laluan untuk syarikat tempatan mengembangkan perniagaan ke pasaran yang lebih luas.

Program ini turut menampilkan Forum Penyertaan Ekonomi Bumiputera dan Sesi Ekosistem Halal yang memberi tumpuan kepada pengukuhan penyertaan syarikat tempatan serta pembangunan ekosistem halal dan keterjaminan makanan. Selain itu, Business Clinics akan menyediakan peluang kepada syarikat untuk berinteraksi secara langsung dengan Jabatan Kastam Diraja Malaysia, Jabatan Imigresen Malaysia, PERKESO serta agensi Kerajaan berkaitan bagi mendapatkan panduan dan penyelesaian berhubung isu operasi, pematuhan, tenaga kerja, kelulusan dan pelaksanaan projek.

Jangan Lepaskan Peluang — Daftar Sekarang

MIDA mengalu-alukan penyertaan PKS, syarikat tempatan dan Bumiputera, syarikat mid-tier, pelabur serta pemain industri untuk menyertai Seminar Pelaburan Wilayah Pantai Timur 2026.

Peserta digalakkan untuk mendaftar seawal mungkin bagi mendapatkan maklumat terkini, membina rangkaian perniagaan, meneroka peluang pelaburan dan mendapatkan akses terus kepada agensi Kerajaan melalui sesi Business Clinic.

Tempat penyertaan terhad kepada 300 peserta sahaja. Daftar sekarang bagi memastikan penyertaan anda.

Seminar Pelaburan Wilayah Pantai Timur 2026
8 September 2026 | AC Hotel, Kuantan, Pahang

Daftar sekarang: https://form.evenesis.com/MIDA-Seminar-Pelaburan-Wilayah-Pantai-Timur-2026

-TAMAT-

Mengenai MIDA
MIDA adalah agensi promosi dan pembangunan pelaburan utama Kerajaan di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI) untuk menyelaras dan menggalakkan pelaburan ke dalam sektor perkilangan dan perkhidmatan di Malaysia. Beribu pejabat di Kuala Lumpur Sentral, MIDA mempunyai 12 pejabat wilayah dan 20 pejabat luar negara. MIDA terus menjadi rakan strategik bagi perniagaan dalam merebut peluang yang timbul dari revolusi teknologi pada era masa kini. Untuk maklumat lebih lanjut, sila layari www.mida.gov.my dan ikuti kami di saluran X, Instagram, Facebook, LinkedIn, TikTok dan YouTube.

Untuk pertanyaan media, sila hubungi:

MIDA
Puan Rozita Ibrahim
Pengarah, Bahagian Pelaburan Tempatan, MIDA
Emel: [email protected]
Tel: +603-2267 3479

MIDA Anjur Seminar Pelaburan Wilayah Pantai Timur 2026, Perkasa PKS dan Syarikat Tempatan

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Approved projects set to create over 99,000 jobs, with manufacturing driving higher-skilled employment opportunities for Malaysians

What this means for Malaysia: RM218.5 billion in approved investments from January to June 2026, up 11.7% year-on-year (y-o-y), across 2,746 projects expected to create 99,030 jobs (+8.4%).

Investment came from both global and Malaysian businesses: Foreign Investment (FI) contributed for RM126.9 billion (58.1%), up 18.5% y-o-y, while Domestic Investment (DI) rose 3.5% to RM91.6 billion (41.9%).

Where the investment is going: services RM149.6 billion (68.5%); manufacturing RM51.3 billion (23.5%); primary RM17.6 billion (8.0%).

Top foreign investment sources^{^[1]}: United States (RM33.1 billion), Singapore (RM25.9 billion), Japan (RM22.3 billion), People’s Republic of China (RM16.5 billion), Cayman Islands (RM4.1 billion).

Top investment destinations: Selangor (RM70.0 billion), Johor (RM59.4 billion), W.P.Kuala Lumpur (RM26.6 billion), Pulau Pinang (RM20.2 billion), Sarawak (RM10.8 billion).

KUALA LUMPUR, 28 August 2026 – Approved investments in Malaysia reached RM218.5 billion in the first half of 2026 (1H 2026), covering 2,746 projects across the services, manufacturing and primary sectors. This is 11.7% higher than the RM195.5 billion recorded in the same period of 2025. More importantly for Malaysians, these approved projects are expected to create 99,030 jobs once fully implemented, 8.4% more jobs than the first half of 2025.

The 1H 2026 approvals equal 50.7% of the RM431.1 billion approved in the whole of 2025. The performance stands out commendably against a softening global backdrop – the International Monetary Fund’s July 2026 World Economic Outlook put world growth at 3.0% for the year, while Malaysia’s economy is projected to expand 4.7%, ahead of both the global and regional averages.^[1]

WHO IS INVESTING IN MALAYSIA

Foreign investments (FI) accounted for RM126.9 billion, or 58.1 % of total approved investments, an increase of 18.5% year-on-year. Domestic investments (DI) contributed RM91.6 billion, or 41.9%, representing a 3.5% year-on-year growth. Collectively, the figures reflect continued confidence from both international and Malaysian investors.

The United States was the largest foreign source at RM33.1 billion, followed by Singapore (RM25.9 billion), Japan (RM22.3 billion), People’s Republic of China (RM16.5 billion) and the Cayman Islands (RM4.1 billion). Together these five top sources supplied more than 80% of approved FI.

WHERE INVESTMENT IS CREATING OPPORTUNITIES

Investment was spread across key economic states and industries. Selangor led with RM70.0 billion across 835 projects, the highest number of approved projects among all states. Its services sector attracted digital investments in areas such as AI, big data analytics, cybersecurity, FinTech, cloud computing and IoT. Johor followed with RM59.4 billion, supported by the JS-SEZ and upcoming RTS Link connectivity. W.P. Kuala Lumpur recorded RM26.6 billion, including residential and serviced apartment developments linked to urban growth, transit-oriented development (TOD) and demand for more accessible housing. Pulau Pinang secured RM20.2 billion, led by advanced manufacturing and semiconductors, while Sarawak recorded RM10.8 billion, mainly from offshore oil and gas exploration projects.

SERVICES: DIGITAL GROWTH, WITH JOBS AND LOCAL OPPORTUNITIES

The services sector attracted the largest share of approved investments at RM149.6 billion, up 21.0%. Across 1,750 projects, these investments are expected to create 34,475 jobs.

FI in services rose 66.7% to RM86.9 billion, while domestic investments contributed RM62.7 billion (41.9%). This mix brings international capital into Malaysia while creating more room for local businesses and suppliers to participate in growing industries.

Information and communications led services growth, with approved investments rising 68.2% to RM103.3 billion. Data-centre and cloud-computing projects accounted for RM95.8 billion, close to 44.0% of all approved investments during the period, as demand for AI computing power continued to grow across the region.

Malaysia, ranked by UNCTAD among the world’s ten largest data-centre destinations^[2], has set a target of becoming an ‘AI nation’ by 2030. To manage the pace of expansion, the Data Centre Task Force, a strategic platform to streamline investment approvals on data centres, clears only those with secured power and water and demonstrable green compliance, while giving priority to operators that support the local supply chain.

Other Leading Services Sub-Sectors:

Real Estate: RM33.5 billion
Utilities: RM3.0 billion
Transport Services: RM2.9 billion
Support Services: RM2.3 billion

Examples of notable services projects are provided in Appendix I.

MANUFACTURING: MORE PROJECTS AND HIGHER-VALUE JOB OPPORTUNITIES

The manufacturing sector secured RM51.3 billion in approved investments across 973 projects. The number of projects rose 88.2% y-o-y, meaning more investments are being spread across a broader base of manufacturing activity. Manufacturing approved investments stood at RM51.3 billion in 1H 2026. While this was 25.1% below the exceptionally high level recorded in 1H 2025, the comparison reflects RM18.5 billion in lumpy projects approved in the basic metals, chemicals and non-metallic minerals industries during the same period last year. Excluding these projects, manufacturing approved investments grew 2.6% y-o-y.

Of the RM51.3 billion approved, RM25.8 billion or 50.3% came from new projects. Another RM25.5 billion, or 49.7%, came from companies expanding or diversifying existing operations. New projects rose 112.2% y-o-y, while reinvestment by established companies shows that businesses already operating in Malaysia continue to see opportunities to grow here.

FI contributed RM32.7 billion (63.8%) of the total approved investments in the manufacturing sector, while DI grew strongly by 23.0% y-o-y to RM18.6 billion.

Manufacturing remained the biggest source of expected new employment, with 64,555 jobs – 65.2% of all jobs expected from approved investments. The local MTS component grew 11.0% y-o-y to 21,677 jobs. This demonstrates that improvements in job quality directly benefits Malaysians. Furthermore, 19.7% of local manufacturing jobs offer monthly salaries of RM5,000 and above, up 7.7% y-o-y.

Leading Manufacturing Industries:

Electrical and Electronics (E&E): RM16.6 billion
Machinery and Equipment (M&E): RM7.5 billion
Chemicals and Chemical Products: RM5.5 billion
Transport Equipment: RM4.9 billion
Food Manufacturing: RM4.9 billion

Examples of notable manufacturing projects are provided in Appendix I.

These five largest industries made up 76.9% of manufacturing approvals, with machinery and equipment (up 44.8%) and food manufacturing (up 40.9%) among the fastest-growing.

Nearly one-third of approved manufacturing projects (31.0% or 302 projects) plan to export at least 80% of their output. The number of these highly export-oriented projects rose 57.3% y-o-y. E&E, M&E, fabricated metal products, plastic products, transport equipment and food manufacturing, together accounted for 70.9% of the overall 302 export-oriented manufacturing projects.

“The half-year performance is powered by our two largest economic engines – services and manufacturing sectors, and both showcase quality, not just scale of investments. Services grew 21%, led by digital and information-technology investment that is building the backbone for our AI Nation 2030 ambitions while creating opportunities across the wider economy. In manufacturing, an 88.2% jump in project numbers and the shift of semiconductor investment from back-end assembly towards front-end design and equipment clearly shows the operationalisation of the National Semiconductor Strategy. Investor confidence has also been reinforced by structural reforms that lifted Malaysia’s standing in the IMD World Competitiveness Ranking for 2026, 15th place out of 70 economies, Malaysia’s best placing in over a decade. Guided by the New Industrial Master Plan 2030, MIDA will continue to prioritise and implement investments that transfer technology, deepen local vendor participation and create high-value jobs for Malaysians.” — YM Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Chairman of MIDA

PRIMARY SECTOR: DOMESTIC COMPANIES TAKE ON LARGER ENERGY PROJECTS

The primary sector surged 414.0% y-o-y to RM17.6 billion, from RM3.5 billion in the same period of 2025. The increase came entirely from 23 offshore oil and gas projects, and has already exceeded the sector’s RM14.2 billion total for all of 2025. Domestic capital led the sector at RM10.3 billion, or 58.5%, highlighting the growing capacity of Malaysian companies to undertake large upstream projects. Sarawak drew the largest share at RM9.0 billion (51.1%), followed by Sabah at RM6.1 billion (34.9%). The increase came as prolonged disruption to global energy supply and higher crude prices pushed Asia-Pacific buyers to diversify their sources. As an established exporter of liquefied natural gas, Malaysia is positioned to attract capital seeking long-term energy security; its upstream industry is estimated to need RM50 billion to RM60 billion of investment a year, to meet rising demand. The Malaysia Bid Round 2026, which offers new exploration blocks in the Sandakan, Western Sarawak and Malay basins, is expected to support further activity.

FROM APPROVALS TO REAL JOBS AND OPERATIONS

Approvals have translated into activity on the ground. As of 18 August 2026, the Government approved a total of 5,822 manufacturing projects between the span of 2021 to June 2026.

87.0% have reached implementation, from construction through to production;

9.8% are in the planning phase, including site selection and consultations with developers; and

3.2% of projects were not implemented.

Annual data shows that:

More than 90% of manufacturing projects approved from 2021 to 2024 have been implemented.

Projects approved in 2025 and 1H 2026 have already recorded implementation rates of 83.8% and 65.5% respectively. These newer projects are still within the typical 18 to 24 months development cycle for completion, depending on project complexity.

Examples of implemented projects are provided in Appendix II.

PIPELINE OF HIGH-IMPACT INVESTMENTS CONTINUED MOMENTUM

As of 10 August, 2026, MIDA was reviewing 227 proposals worth RM72.1 billion, 128 services projects worth RM36.5 billion and 99 manufacturing projects worth RM35.6 billion. A further RM58.4 billion in high-potential leads was under discussion.

“Securing the commitment is only half the task; the other half is turning it into operating plants and jobs on the ground, and that is where MIDA’s facilitation work matters most. Through the Invest Malaysia Facilitation Centre (IMFC) and close coordination across ministries and agencies, we help investors clear regulatory and implementation hurdles quickly, which is reflected in the 86.3% of manufacturing projects approved since 2021 that have already moved into implementation. Our engagement does not end at approvals: we stay involved to handhold projects and, through #InvestLokal, deepen the participation of SMEs and local vendors, so that each ringgit committed becomes real capacity and skilled employment for Malaysians.” — Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA

Malaysia’s near-term outlook rests on resilient fundamentals, rising domestic participation and a pipeline concentrated in semiconductors, AI infrastructure, renewable energy and medical devices, even as global conditions remain uncertain.

*End*

About MIDA

The Malaysian Investment Development Authority (MIDA) is the Government’s principal investment promotion and development agency under the Ministry of Investment, 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

Explainer: DOSM’s FDI and MIDA’s approved Foreign Investment (FI)

There has been some confusion on the term Foreign Direct Investment (FDI) as reported by the Department of Statistics Malaysia (DOSM), and the approved Foreign Investment (FI) data as captured by MIDA. To clarify, the Government has determined the use of these terms since December 2023, as follows:

MIDA reports on approved Foreign Investments (FI) – These represent proposed investment projects with foreign equity participation that have been granted licenses, incentives, permits, grants, soft loans, etc., by relevant Ministries and Agencies. They are measured based on CAPEX and OPEX, such as land, building, and resources. Approved FI reflects potential investments into the country which will be realised into actual inflows over a specified period, usually across multiple years. On average, 18-24 months is the typical duration to complete the required regulatory steps between approval and implementation, before projects get off the ground. The release of approved FI data serves as a forward-looking indicator of investor’s confidence, the strength of Malaysia’s investment prospects, and the key sectors attracting foreign investors.

DOSM reports on Foreign Direct Investment (FDI) – This figure refers to investments by non-residents via transactions of financial instruments, including equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits, etc.). For instance, if a foreign investor buys shares in a Malaysian company, this would be captured by DOSM’s FDI data. FDI statistics for Malaysia are compiled as part of the balance of payments, which is compiled based on the IMF’s BPM6 guidelines.

For further information, please refer to https://www.mida.gov.my/why-malaysia/investment-statistics/

Media Release

Appendix II

Infographic (English)

Infografik (BM)

For media enquiries, please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division,
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

[1]https://www.nst.com.my/business/economy/2026/07/1484690/malaysias-economy-seen-growing-47pct-2026-data-centre-tech-cycle-%E2%80%93

[2] UN Trade and Development (UNCTAD), Global Investment Trends Monitor No. 50 (January 2026)

[1] Compilation of foreign investments is based on the ultimate investing source. The ultimate source refers to the home country of the foreign investor that holds control over the decision-making process and investment management, even if the investment flows through several intermediary sources.

APPENDIX I

NOTABLE APPROVED PROJECTS

First Half 2026 (January–June) Companion reference to the media release

Services Sector:

Island Hospital — Island Hospital – Penang | An expansion of Malaysia’s largest medical-tourism facility and its first Flagship Medical Tourism Hospital, awarded by the Malaysia Healthcare Travel Council. The 600-bed hospital, part of IHH Healthcare Malaysia’s Northern Cluster, has over 130 specialist doctors and 1,400 employees (100% Malaysian workforce), is moving towards quaternary care in complex disciplines including medical and surgical oncology and cardiology.

Gamuda Land / ASAI Gamuda Cove Hotel — ASAI Gamuda Cove (“AGCM”) is Gamuda Land’s first-ever hotel project, representing Dusit Hotels and Resorts’ first hospitality venture in Malaysia under their locally focused ASAI brand. As the first property signed under Dusit’s expanded “ASAI Tropical” model, the hotel offers more spacious, family-friendly room configurations and resort-style amenities. AGCM features 280 rooms across various categories and sizes catering to the different needs of visitors, along with dining and bar options, facilities and amenities, and business and event spaces, all with excellent accessibility from Kuala Lumpur City Centre, Kuala Lumpur International Airport, Putrajaya and Cyberjaya. The hotel is situated in Gamuda Cove, a township recognised as Malaysia’s first 5-Diamond Low Carbon City, directly adjacent to a 90-acre Wetlands Arboretum and a 1,111-acre wetlands sanctuary. Emphasising the sustainability milestones, the hotel itself targets GBI (Green Building Index) Silver Certification through eco-features such as solar PV panels, EV charging bays, and rainwater harvesting. With the scheduled opening in 2026, ASAI Gamuda Cove aims to create approx. 100 jobs and to promote responsible eco-tourism through community-based events and local cultural activities.

Manufacturing Sector:

Fastrain Technology — Fastrain, a company based in Perai, Penang, is expanding its operations with an additional investment of approximately RM919.8 million. The expansion spans three facilities dedicated to the manufacture of advanced photonic components and marine communication equipment for applications in high-speed communications, creating over 500 new job opportunities and bringing the company’s total workforce in Penang to over 1,200 employees. Fastrain also undertakes R&D activities to further enhance its products and technological capabilities, supporting the rapidly growing demand for high-speed communications applications.

Onetest Sdn. Bhd. — Penang | 223 jobs (>80% Malaysian Workforce) | An expansion across three Penang sites in high-precision IC test interface boards and probe cards for semiconductor testing, aligned with the NSS and NIMP 2030.

Pentamaster Equipment Manufacturing — RM598 million over 10 years (RM27.8 million capex) | Batu Kawan, Penang | 159 jobs (>80% local) | Pentamaster’s iFLEX is an AI-embedded, micro-precision automation platform delivering advanced systems and modules for medical, semiconductor and battery applications, supported by in-house design and programming capabilities. It supplies AI-enabled automation solutions to the semiconductor value chain under the National Semiconductor Strategy (NSS), while advancing smart manufacturing capabilities in support of Industry 5.0 and laying the foundation for future Industry 6.0. The versatility of iFLEX also enables its deployment in humanoid robotics production, supporting precision assembly, inspection, calibration and testing as the adoption of Physical AI continues to advance. The initiative is expected to generate broader positive spillovers for Malaysia’s industrial ecosystem by strengthening locally developed engineering, automation and technology capabilities, thereby reinforcing the “Made by Malaysia” proposition and enhancing Malaysia’s participation in higher-value segments of the global value chain. It will also create high-value, technology-driven jobs and support Malaysia’s transition away from a predominantly low-skilled labour model towards a more knowledge and innovation driven economy. Pentamaster will also deepen collaboration with local SMEs and suppliers to strengthen their technical capabilities, increase participation in advanced manufacturing activities and build a more resilient domestic supply chain. At the same time, the initiative will promote sustainable manufacturing practices through greater energy efficiency, resource optimisation, waste reduction, responsible sourcing and increased automation, supporting a more productive, sustainable and globally competitive manufacturing ecosystem.

UWC Technology — RM115.7 million (RM34.7 million capex) | Penang | 205 jobs (84% local, 74% skilled) | A wholly Malaysian-owned expansion manufacturing complex machinery, modules and parts for front-end semiconductor equipment, moving Malaysia up the value chain from back-end into front-end equipment, while simultaneously creating skilled employment. Beyond investment and manufacturing, UWC is also investing in Malaysia’s future talent pipeline. The company actively supports the development of skilled technical talent through apprenticeship sponsorships, TVET initiatives and participation in the Sistem Latihan Dual Nasional (SLDN).

Techbond Greentech — RM102.0 million | Negeri Sembilan & Selangor | 58 jobs | Produces specialised industrial adhesives and additives using Industry 4.0 smart sensors and palm-based polyols co-developed with the Malaysian Palm Oil Board, commercialising local research.

GoodScience — RM100 million | Rawang, Selangor | 50 jobs (100% local) | A Bumiputera-owned (Hanan Medicare) generic pharmaceutical diversification project to establish local manufacturing capabilities across 12 new therapeutic indications, including oncology. Nine products are listed on the National Essential Medicines List (NEML). Supported by in-house R&D and strategic technology transfer, the project will strengthen domestic manufacturing, reduce reliance on imported medicines and enhance Malaysia’s national medicine security.

Malaysia Secures RM218.5 Billion in Approved Investments In 1h 2026, With Domestic Investment in Manufacturing Up 23%

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Discover Your Next Big Innovation at URIIS 2026!

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URIIS 2026 | University Research and Innovation Investment Summit 2026

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Renewed Memorandum of Understanding signed at the Hong Kong-Malaysia Business Seminar in Kuala Lumpur

KUALA LUMPUR, 12 August 2026: The Malaysian Investment Development Authority (MIDA) and Invest Hong Kong (InvestHK) today renewed their Memorandum of Understanding (MoU), reaffirming a partnership that spans more than four decades and setting a shared course to capture new investment opportunities across ASEAN, the Greater Bay Area and Mainland China. The renewal took place at the “Hong Kong: Your Strategic Springboard to Chinese Mainland and Malaysia” Business Seminar and Networking Lunch, held at Shangri-La Kuala Lumpur.

The MoU was signed by MIDA Chief Executive Officer YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid and Invest Hong Kong Director-General of Investment Promotion Ms. Alpha Lau, and witnessed by YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI), and The Honourable Mr. Algernon Yau, JP, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region Government. It updates the original MoU signed in 2014, reflecting new areas of cooperation and the evolving priorities of both economies.

“Hong Kong has been among Malaysia’s trusted investment partners for more than four decades. In a world reshaped by shifting supply chains and new alignments, this renewed partnership could not be more timely,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid. “It offers investors from Hong Kong and the Greater Bay Area a trusted gateway into ASEAN, and it gives Malaysian companies a bridge into Mainland China and global markets. MIDA will continue to stand beside every investor, at every stage of their journey.”

“Malaysia and Hong Kong are natural partners. As companies look to build resilient, future-ready operations, Hong Kong offers the capital, connectivity and professional services to take them global, while Malaysia offers the talent, ecosystem and gateway to ASEAN for growth. This renewed partnership will make it easier for businesses to move between our two markets and beyond,” said Ms. Alpha Lau, Director-General of Investment Promotion, Invest Hong Kong.

Hong Kong is among Malaysia’s most significant sources of foreign investment. From 1980 to March 2026, close to 1,000 manufacturing projects with Hong Kong participation have been approved in Malaysia, with a total investment value exceeding RM60 billion (approximately USD15.5 billion) and the potential to create almost 197,000 jobs. In 2025, Hong Kong ranked as Malaysia’s third-largest source of approved manufacturing investment, with projects valued at RM12.4 billion (approximately USD3.1 billion). Hong Kong companies have also established close to 250 approved projects in the services
sector, including regional bases, principal hubs and distribution and procurement centres.

Under the renewed MoU, the two agencies will jointly promote high value-added investment; facilitate Hong Kong companies investing into Malaysia and Malaysian companies expanding into Hong Kong; connect their ecosystems to enable joint ventures and supply-chain integration; and support one another’s investment missions, seminars and business-matching activities.

The partnership will place particular emphasis on the high-technology, high value-added sectors in which the two economies are strongly complementary, among them emiconductors and electronics, advanced manufacturing, the digital economy, new energy and pharmaceuticals.

The seminar forms part of a Hong Kong business delegation’s visit to Malaysia and follows the establishment of the Hong Kong Economic and Trade Office in Kuala Lumpur in December 2025. It brought together senior government representatives, investment promotion officials and business leaders from both economies to explore opportunities for closer cooperation and cross-border expansion.

MIDA reaffirmed its commitment to facilitating quality investments and supporting investors throughout their investment journey in Malaysia.

(Center, from left to right):
YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, Malaysian Investment Development Authority (MIDA); The Honourable Mr. Algernon Yau, JP, Secretary for Commerce and Economic Development, Commerce and Economic Development Bureau, Hong Kong Special Administrative Region Government and YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI).

***End***

About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal
investment promotion and development agency under the Ministry of Investment, 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 X, Instagram, Facebook, LinkedIn, TikTok
and YouTube channel.

For more information, please contact:
Ms. Lim Ming Yee
Foreign Investment Division
Malaysian Investment Development Authority (MIDA)
Phone: +603-2267 6618 | Email: [email protected]

MIDA and Invest Hong Kong Renew Partnership to Deepen Two-Way Investment Between Malaysia and Hong Kong

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KAMUNTING, PERAK, 10 AUGUST 2026 – Sheng Long Aqua Technology (M) Sdn. Bhd. (“Sheng Long”) a subsidiary of Guangdong Haid Group Co., Limited (“Guangdong Haid”) based in China, today celebrated the ground-breaking of its first aquaculture feed manufacturing facility in Malaysia, marking a significant milestone in the Company’s regional expansion and reaffirming its long-term commitment to supporting the growth of Malaysia’s aquaculture industry.

Scheduled to commence operations in 2028, the new facility represents a first-phase investment of approximately RM140 million. It will manufacture high-quality aquaculture feed through equipped with 2 shrimp feed production lines and 2 fish feed production lines, with an annual production capacity of 150,000 metric tonnes. The project is expected to meet the growing demand in Malaysia and neighbouring markets, create more than 100 employment opportunities, and strengthen local manufacturing capabilities and supply chain resilience.

The ceremony was officiated by YB Mr. Teh Kok Lim, Perak State Executive Council (EXCO) Member for Science, Environment and Green Technology and graced by distinguished guests including YB Ong Seng Guan (Adun Pokok Assam), Dr. Ahmad Shahir Bin Abdul Aziz (CEO of InvestPerak), Tuan Mohamed Akmal Bin Dahalan (Yang Dipertua Majlis Perbandaran Taiping), Puan Surayu Binti Susah, Executive Director of Manufacturing Development (Resource), Malaysian Investment Development Authority (MIDA), Puan Nur Baiti Binti Jamalul Karib (Head of Norther Corridor Implementation Authority Perak State) and Sheng Long’s distribution partners, and members of the aquaculture community.

YB Mr. Teh Kok Lim stated, “Seng Long’s commitment to invest in Taiping demonstrates confidence not only in the company’s own growth prospects, but also in Perak’s ability to support that growth over the long term. The Perak State Government under the leadership of YAB Menteri Besar Dato’ Seri Saarani Mohamad remains committed to facilitating investments, strengthening industry partnerships, and ensuring that Perak remains an attractive destination for both global and domestic investors.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, said: “Sheng Long’s investment marks a meaningful step forward for our agri-food ecosystem — enhancing local manufacturing capabilities, reducing our reliance on imported feed, and directly reinforcing national food security and supply chain resilience. Beyond its economic contribution, the project will create quality employment, facilitate technology and knowledge transfer, and enhance local expertise in modern manufacturing.”

This investment comes amid sustained momentum in Malaysia’s food manufacturing sector, which attracted RM3.3 billion in approved investments in the first quarter of 2026 — among the leading industries within the RM24.1 billion approved for the manufacturing sector overall. The sector’s continued growth underscores Malaysia’s strengthening position as a regional hub for high-value, resource-based manufacturing and reflects rising investor confidence in the nation’s agri-food ecosystem.

Mr. Chuang Jie Cheng, General Manager of Sheng Long, said: “Through this investment, we aim to provide high-quality aquaculture feed, a more reliable supply chain, and comprehensive technical support to help farmers improve productivity and profitability. We look forward to growing together with Malaysia’s aquaculture industry and contributing to its long-term sustainable development.”

The Perak facility will serve as Sheng Long’s key manufacturing and technical service hub in Malaysia. Moving forward, the Company will continue to invest in manufacturing excellence, technological innovation, and talent development while working closely with its local partners to strengthen the industry competitiveness and contribute to Malaysia’s economic growth and the sustainable development of its aquaculture sector.

**From left to right:**

YBrs. Dr. Ahmad Shahir Abdul Aziz, Acting CEO, InvestPerak
YB Tuan Ong Seng Guan, Ahli Dewan Undangan Negeri, Pokok Assam
YBrs. Tuan Chuang Jie Cheng, General Manager, Sheng Long Aqua Technology (M) Sdn. Bhd.
YB Tuan Teh Kok Lim, Perak State Executive Council (EXCO) / Member for Science, Environment and Green Technology
YBrs. Puan Surayu Susah, Executive Director, Manufacturing Development (Resource), MIDA
YBrs. Tuan Mohamed Akmal Dahalan, Yang Dipertua, Majlis Perbandaran Taiping

-END-

About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, 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 21 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPerak

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as the secretariat for Centre of Investment (COI), which empowereds the function of InvestPerak as the facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak have has the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process.

About Sheng Long Aqua Technology (M) Sdn. Bhd.

Sheng Long Aqua Technology (M) Sdn. Bhd. is a subsidiary of Guangdong Haid Group Co., Ltd, a global agricultural and animal husbandry enterprise driven by technological innovation. With nearly three decades of experience in the agriculture and animal husbandry industry, the Group provides comprehensive solutions covering feed, animal health products, and professional technical services, helping farmers improve farming efficiency and achieve sustainable development.

As part of its international aquaculture business, Haid Group operates through Sheng Long Bio-tech International Co., Ltd. (“Sheng Long Group”), which has established a presence across Southeast Asia and South Asia, including Vietnam, India, Malaysia, Thailand, and the Philippines. Sheng Long Group has invested in 9 feed manufacturing facilities, 4 shrimp hatcheries, 1 tilapia hatchery, and 1 research and development centre in Vietnam and India. The new facility in Perak will become Sheng Long Group’s 10th feed manufacturing facility and its first production base in Malaysia. It will serve as an important operational centre for the Malaysian and Southeast Asian markets, further strengthening the Group’s regional supply capabilities and market competitiveness.

For media enquiries, please contact:

MIDA

Puan Wan Hariati Wan Salleh
Director, Food Technology & Resource Based Industries Division
Email: [email protected]
Tel.: +603-2267 6654

InvestPerak

Puan Adina Furzanne Abdullah
Investor Relation Manager
Email: [email protected]
Tel.: +605-5292443

About Sheng Long Aqua Technology (M) Sdn. Bhd.

Mr. Chew Uik Seng
Technical Service Department, Director
Email: [email protected]
Tel.: +601155038838

Sheng Long Aqua Technology (M) Sdn. Bhd. Holds Groundbreaking Ceremony for Its New Manufacturing Facility in Perak, Malaysia

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Ten-year investment strengthens regional manufacturing, innovation and engineering capabilities while creating up to 200 high-skilled jobs by 2035.

Nilai, Negeri Sembilan, Malaysia, 5 August 2026 – BAC, a global leader in sustainable cooling and heat rejection solutions, today celebrated the groundbreaking of its new manufacturing facility in Nilai, Negeri Sembilan. Representing a planned investment of US$150 million, the project underscores BAC’s long-term commitment to Malaysia and reinforces its strategy to better serve customers across APAC.

The groundbreaking ceremony was attended by Ms. Zuaida Abdullah, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA), Mr. Don Fetzer, President of BAC, Mr. Ted Lim, Global Vice President and Head of APAC, members of the APAC Leadership Team, customers, business partners and other distinguished guests, highlighting the significance of the investment to Malaysia’s advanced manufacturing sector.

The project will be developed on an 18.2-acre site in two phases. Phase 1, targeted for completion by the end of 2027, includes a 30,000-square-metre manufacturing facility complemented by a regional engineering and manufacturing office. Phase 2 will focus on establishing a R&D centre and advancing the manufacturing technology to support future business growth, with the core manufacturing facility expected to be fully completed by 2030.

The new facility will strengthen BAC’s production capacity by integrating advanced manufacturing technologies and automation. It will manufacture BAC’s portfolio of closed-circuit cooling towers, adiabatic coolers, hybrid cooling systems and liquid cooling solutions. The facility will strengthen regional manufacturing capabilities, improve supply chain responsiveness, shorten lead times and deliver a better experience for customers in the data centre, industrial, and commercial infrastructure markets across APAC.

As demand for sustainable cooling solutions continues to evolve, the Nilai facility will also house BAC’s latest climate-controlled product development and testing facility in APAC. The laboratory will enable local engineering teams to develop, test and validate cooling technologies for tropical climates and high-density applications. Combined with Malaysia’s skilled workforce, this will strengthen BAC’s regional engineering capabilities and support continued product innovation.

In her special address, Ms. Zuaida Abdullah, Deputy Chief Executive Officer (Investment
Development) of MIDA stated:

“BAC’s investments reflect growing confidence in Malaysia as a destination for high-value, sustainable manufacturing. Beyond strengthening our industrial ecosystem, their advanced cooling technologies will support high-growth sectors like data centres and advanced electronics while accelerating the adoption of energy- and water-efficient solutions.

This investment embodies the ‘multiplier effect’ we aim to cultivate – generating high-skilled engineering jobs for Malaysian talent and opening new supply chain doors for our local SMEs and supporting the New Industrial Master Plan (NIMP) 2030 and our National Energy

Transition Roadmap (NETR). By enabling industries to reduce energy consumption and boost resource efficiency, BAC is directly supporting Malaysia’s journey towards achieving net-zero by 2050. MIDA remains committed to facilitating quality projects that champion both environmental sustainability and inclusive economic prosperity.”

Don Fetzer, President of BAC, said:

“Malaysia is an important part of BAC’s long-term global growth strategy. This investment reinforces our commitment to expanding our manufacturing footprint, strengthening innovation capabilities and supporting customers globally with sustainable cooling solutions that meet the evolving needs of the industries we serve.”

Ted Lim, Global Vice President and Head of APAC, added:

“This new facility enables us to be closer to our customers and partners in the region. By strengthening our manufacturing, engineering and technical capabilities in APAC, we can improve responsiveness, enhance collaboration and deliver solutions that support the region’s rapid industrial and digital infrastructure growth.”

The facility is expected to strengthen Malaysia’s advanced manufacturing ecosystem, support local suppliers and SMEs, and create up to 200 high-skilled jobs by 2035, including high-skilled engineering and professional roles. Through university partnerships, internship programmes and a workplace designed to support employee well-being, BAC reaffirms its commitment to local talent development. Targeting LEED Gold and FM Approved standards, the facility is designed with energy-efficient features to reduce GHG emissions and cement Malaysia’s standing as a regional manufacturing and innovation hub.

BAC’s investment extends beyond the completion of the manufacturing facility. Continued investments through 2035 in automation, research and development, and advanced manufacturing technologies will establish the facility as BAC’s regional manufacturing hub, strengthening supply chain resilience and enabling BAC to better serve customers across APAC.

From left to right:
Mr. Gan Hai Toh, Managing Director, Rock Link; Feleke Assefa, Senior Commercial Officer of the U.S. Embassy; En. Azizul Hakim bin Abu Haniffa, Director, MIDA Negeri Sembilan; Dato’ Hj Najmuddin Sharif bin Sarimon, Chief Executive Officer, Invest Negeri Sembilan; Pn. Zuaida Abdullah, Deputy CEO, Malaysian Investment Development Authority (MIDA); Mr. Don Fetzer, President, BAC; Mr. Ted Lim, Global Vice President & Head of APAC, BAC; Ms. Katie Feltz, Global Vice President & Head of Finance, BAC and Mr. Ronny Cannaerts, Project Operations Director, BAC

BAC Groundbreaking Ceremony

Puan Zuaida Abdullah, Deputy Chief Executive Officer, Investment Development (MIDA)

Mr. Don Fetzer, President of BAC

***End***

About Malaysian Investment Development Authority (MIDA)
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, 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 partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About BAC
BAC is a global leader in sustainable cooling and heat rejection solutions. For more than 85 years, BAC has helped customers conserve water and energy through innovative technologies that improve system performance and operational efficiency. Serving industries including data centres, industrial manufacturing, commercial buildings, power generation, food and beverage processing, and refrigeration, BAC operates manufacturing and service facilities worldwide to support customers with reliable and sustainable cooling solutions.

For more information, visit www.baltimoreaircoil.com and follow BAC Asia on LinkedIn.

For media enquiries please contact:
MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
Email: [email protected]
Tel: +603-2267 6769

BAC Malaysia Sdn. Bhd.
Ms. Grace Wee
Marketing Manager
Email: [email protected]

BAC Breaks Ground on US$150 Million Manufacturing Facility in Malaysia

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Johor Bahru, 3 September 2025 – Scanfil, Europe’s largest listed Electronics Manufacturing Company, has invested RM15.8 million to expand and modernise its SRX Global (Malaysia) Sdn. Bhd. facility in Johor Bahru, Malaysia. The upgrade boosts production capacity by nearly 50 per cent and reinforces Johor Bahru’s role as a strategic electronic hub in Asia.

The investment strengthens Scanfil’s Asia Pacific operations, which also include SRX Global facilities in Melbourne, Australia. Prior to this expansion, the Malaysian facility operated four (4) automated SMT lines with 170 employees, establishing a solid foundation for future growth.

Ms. Maiju Lepomaki, Deputy Head of Mission at the Embassy of Finland in Malaysia, officiated the opening ceremony yesterday. Strengthening Finland–Malaysia economic ties that date back to the embassy’s establishment in 1988, the event was attended by distinguished guests including Scanfil Group CEO, Christophe Sut; VP of APAC, Christian Kesten; Former SRX CEO, Paul Appleby; Director of MIDA Johor, Mr. Mohamad Reduan Mohd Zabri; Malaysian-Finnish Chamber of Commerce Senior Advisor, Mr. Mohamed Farid Mohamed Razali as well as representatives from SRXGlobal, Scanfil, and their clientele.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, commended the investment: “MIDA welcomes Scanfil’s expansion and modernisation in Johor Bahru as a significant step forward in advancing Malaysia’s high value manufacturing sector. This investment will attract advanced technologies, create skilled employment opportunities, and strengthen innovation and sustainability across the electronics supply chain.”

He added: “This initiative is well aligned with Malaysia’s New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS), which aim to deepen Malaysia’s capabilities in electronics and semiconductors while building long term resilience in the global supply chain.”

“This expansion and modernisation are a great showcase of the positive business environment in Malaysia. Due to this predictable and business-friendly environment, SRX Global being a Scanfil company is committed to developing its operations in Johor Bahru with a long-term perspective, and we see great opportunities, especially driven by customers in Industrial, and medical technology & life sciences,” emphasises Scanfil CEO Christophe Sut.

“We are excited to unveil the newly expanded and modernised Johor Bahru facility,” said the Deputy Head of Mission in Malaysia Ms. Maiju Lepomaki. “This investment reflects the strong relationship between Finland and Malaysia and the positive business environment in Malaysia.”

The multi million ringgit expansion and modernisation represents a significant enhancement to SRX Global’s Johor Bahru operations, delivering:

Nearly 50% increase in production area.
Integrated one-stop manufacturing, covering electronics assembly and complex box-build.
Capacity to workforce expansion grow beyond the current 170 employees as demand grows.
Cutting-edge facility design, aligned with the SRX Global & Scanfil Dream Factory programme to drive data integration, process optimisation, and advanced automation.

From left to right-Paul Appleby (Former CEO of SRX Global); Christina Wiklund (Chief Commercial Officer & VP of Americas); Christian Kesten (Vice President of APAC); Christophe Sut (CEO of Scanfil Group); Jarrko Takanen (Major shareholder);Mohamad Reduan Mohd Zabri (Director of MIDA Johor)); Maiju Lepomaki (Deputy Head of Mission, Embassy of Finland Kuala Lumpur);Mohamed Farid Mohamed Razali (Senior Advisor, Business Finland).

*****

About MIDA

About Scanfil

Scanfil plc is Europe’s largest listed provider of electronics manufacturing services (EMS), whose turnover in 2024 amounted to EUR 780 million. The company serves global sector leaders in the customer segments of Industrial, Energy & Cleantech, and Medtech & Life Science. The company’s services include design services, prototype manufacture, design for manufacturability (DFM) services, test development, supply chain and logistics services, circuit board assembly, manufacture of subsystems and components, and complex systems integration services. Scanfil’s objective is to grow customer value by improving their competitiveness and by being their primary supply chain partner and long-term manufacturing partner internationally. Scanfil’s longest-standing customer account has continued for more than 40 years. The company has global supply capabilities and eleven production facilities across four continents. www.scanfil.com

For media enquiries, please contact:

MIDA
Mr. Mohd Mazlan Mokhtar,
Director, Electrical and Electronics Division, MIDA
E: [email protected] DL: 0322676655

SRX Global (Malaysia) Sdn Bhd
Ms Renuka Michael
Senior Program Manager
Phone: +607-2319000 Ext 221
Mobile: +6019-778 3414
Fax: +607-2319199
Email: [email protected]

Scanfil Invests RM15.8 Million To Expand And Modernise Johor Bahru Manufacturing Facility

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KULIM HI-TECH PARK, Kedah, 29 August 2025 – The inaugural Economic & Market Development Conference 2025 concluded on a high note yesterday at the Kulim Golf Club in Kulim Hi-Tech Park (KHTP), establishing a new benchmark for public-private sector collaboration in Malaysia’s economic development landscape.

The conference brought together over 400 industry titans, policymakers, and investors from across Malaysia and the broader Southeast Asian region, signalling robust confidence in the nation’s economic trajectory and innovation ecosystem.

Jointly organised for the first time by the Malaysian Investment Development Authority (MIDA), Kulim Technology Park Corporation (KTPC), and Hong Leong Bank (HLB), the full-day conference featured keynote addresses and networking sessions focusing on current economic trends, market development strategies, and opportunities for investment and innovation. It also served to strengthen networking between the private and public sectors, fostering greater collaboration.

The event also marked a significant milestone as part of Kulim Hi-Tech Park’s 30th Anniversary, reinforcing its position as Malaysia’s premier high-tech industrial hub.

Key highlights of the conference included:

Expert insights on emerging market opportunities in the current economic direction;
Discussions on future economic challenges and strategies for inclusive and sustainable development; and
Enhanced public-private sector collaboration, fostering new business collaborations and investment opportunities.

The conference was officially officiated by YB. Prof. Dr. Haim Hilman Abdullah, Kedah EXCO for Industry & Investment, Science, Technology & Innovation, and Higher Education. In his keynote address, YB. Prof. Dr. Haim Hilman Abdullah highlighted, “I have great hopes that the Kulim Technology Park Corporation (KTPC) and Kulim Hi-Tech Park (KHTP) will continue to be the driving force of high-technology industries, bringing success not only to Kedah, but also to Malaysia as a whole.”

In his opening remarks, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, emphasised the importance of synergy, “Through strong federal-state level collaborations, KHTP has fostered an environment where multinational corporations can establish their operations while providing platforms for our small and medium enterprises to innovate, integrate, and scale up as part of global supply chains. This symbiotic relationship between large corporations and local businesses is exactly what builds resilience and long-term competitiveness.”

Dato’ Mohd Sahil Zabidi, Group CEO of KTPC, said, “This conference marks our very first collaboration with MIDA & Hong Leong Bank, organised specially for the industrial players in the Northern Region. This reflects our shared commitment to strengthening Malaysia’s economic resilience & driving long-term growth.”

“The KHTP is a critical engine of Malaysia’s economic growth, and holds the potential to be a vibrant ecosystem that drives innovation, creates jobs, and attracts global leaders in high-tech industries,” said Dafinah Ahmed Hilmi, CEO of Hong Leong Islamic Bank (HLISB), who gave a speech at the conference. “Our presence in KHTP, anchored by our Meet @ HLB community branch which is opening soon, allows us to be a true partner to the community, where business owners and residents can access financial advisory, wealth management, and corporate banking solutions. Furthermore, we have a unique focus on supporting green projects, providing financing and advisory for businesses entering the renewable energy, sustainability, green infrastructure, or clean electricity industries. With this, we aim to be a catalyst for accelerated wealth growth for the region, supporting an environment where everyone can thrive as we build a prosperous and sustainable economic future.”

With a resounding call for continued cooperation between industry players, financial institutions, and government agencies, the conference concluded by reinforcing Malaysia’s and KHTP’s shared ambition to be a leader in high-value industries and innovation-driven growth.

From left to right-Ms. Dafinah Ahmed Hilmi, CEO of HLISB (Hong Leong Islamic Bank); Dato’ Chong Nee Hwa, Executive Director of FEM (Fuji Electric (Malaysia) Sdn Bhd); Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid; YB. Prof. Dr. Haim Hilman Abdullah, Kedah EXCO for Industry & Investment, Science, Technology & Innovation, and Higher Education; Dato’ Wira Isahak Murat, CEO of KSDC (Kedah State Development Corporation);Datuk Wira Arham Abdul Rahman, Board Member of KTPC (Kulim Technology Park Corporation); Mr. Mohd Zaid Abdul Jalil, CFO of KTPC (Kulim Technology Park Corporation Sdn Bhd)

Appendix: Leadership Quotes

Dato’ Chong Nee Hwa, Executive Director, Fuji Electric (Malaysia) Sdn. Bhd. said, “Being one of the pioneer tenants in Kulim Hi-Tech Park (KHTP) 28 years ago, Fuji Electric is proud to say that Kulim Technology Park Corporation (KTPC) has been a very committed park manager in ensuring our needs are fulfilled timely as committed. We had seen significant growth and development in the park over the years. I am very grateful that I am here to witness such great achievements now, and I am confident that with the strong ecosystem support from MIDA, KTPC and other stakeholders, they will continue to champion Kedah and Malaysia as the preferred location for future investors. Well done!”

Mr. Jacky Chen, Chief Finance Officer of XSD International Paper Sdn Bhd, an HLB client who also participated in the conference, commented, “The conference provided us with some eye-opening insights into the economic viability and future of the region, and emphasised the importance of collaboration between entities to drive Malaysia’s economy forward. In the grand scheme of things, the KHTP is a significant milestone in our country’s endeavour to attract foreign investments and position itself as a global leader in manufacturing and the tech industry. From this, we hope to continue working with KHTP and HLB in supporting the country’s overall economic roadmap and growing our industry to greater heights.”

*****

About MIDA

About KTPC

Kulim Technology Park Corporation Sdn. Bhd. (KTPC) is the developer and manager of Kulim Hi-Tech Park (KHTP), Malaysia’s first high-tech industrial park. Established since 1996, KTPC’s primary activities include developing and promoting KHTP, as well as building, leasing and renting industrial and non-industrial buildings. KHTP is recognized as a leading global science city, attracting numerous high-tech multinational companies. KHTP is strategically positioned with excellent infrastructure, logistics connectivity, and support services, making it an ideal location for both local and international businesses.

About Hong Leong Bank Berhad

Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 120 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Hong Leong Bank, which has won awards for its innovations in the financial services space, also has one of the largest service and distribution network of branches and business centers in Malaysia.

With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank is a substantial shareholder in Bank of Chengdu Co., Ltd., Sichuan.

Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services.

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

For media enquiries, please contact:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division
No.: +603-2267 3685| Email: [email protected]

KTPC
Ms. Siti Norsakeena Mohd Arshad
Head of Corporate Communication
Tel: +604-403 2420 ext 134
Email: [email protected]

Hong Leong Bank
Vivian Tan
Corporate Communication & CSR
DID: +6032081 8888 Extn 61914
Email: [email protected]

Derrick Pang
Corporate Communication
Email: [email protected]

MIDA KTPC And HLB Forge Strategic Collaboration At Inaugural Economic & Market Development Conference 2025

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For January to June 2025 (1H 2025), Malaysia attracted RM190.3 billion of approved investments in services (RM118.6 billion, 62.3%), manufacturing (RM68.4 billion, 36.0%), and primary (RM3.3 billion, 1.7%) sectors. This is a notable 18.7% increase in comparison to the same period last year (1H 2024).
Foreign Investments (FI) accounted for a significant 56.1% or RM106.8 billion of the total approved investments, while Domestic Investments (DI) contributed 43.9% or RM83.5 billion.
The services sector’s share accounts for RM118.6 billion of the total approved investments, showing a significant 25.6% year-on-year increase [cf. RM94.4 billion in 1H 2024].
The manufacturing sector’s share of approved investments is RM68.4 billion, a robust 13.8% y-o-y growth. This was contributed by a 12.1% increase in foreign investments, 20.2% in domestic investments and a 37.7% increase in new jobs.
The top five (5) sources of FI are Singapore (RM43.4 billion), the People’s Republic of China (RM23.4 billion), the United States of America (RM10.4 billion), the British Virgin Islands (RM6.6 billion), and Italy (RM3.3 billion).
The five (5) states that recorded the highest approved investments are Johor (RM56.0 billion), Selangor (RM34.7 billion), W.P. Kuala Lumpur (RM30.1 billion), Pulau Pinang (RM18.9 billion) and Sabah (RM11.4 billion).

KUALA LUMPUR, 22 August 2025 – Malaysia has clearly risen above the current geopolitically challenging landscape and maintained its position as an attractive investment destination in the region. The country secured RM190.3 billion in approved investments during the first half of 2025 (1H 2025), an 18.7% increase year-on-year.

A total of 3,011 projects across the manufacturing, services, and primary sectors are expected to generate 89,294 new jobs, highlighting the country’s ability to translate investment commitments into real economic impact. FI surged 43.5% year-on-year, propelled by strong growth in all three (3) sectors: services (+100.7%), manufacturing (+12.1%) and primary (+57.4%). This is also validated by Malaysia’s rise from 34^th to 23^rd position by the IMD World Competitiveness Ranking 2025. The growth and improved competitiveness reflect the government’s concerted efforts to enhance service efficiency, implement aggressive trade and investment promotion missions and streamline approval processes. These factors are pivotal in strengthening investor confidence in the country’s economic direction and in continuing to attract significant investment inflows.

For approved investments based on foreign sources[1], Singapore emerged as the leading source country with RM43.4 billion, followed by the People’s Republic of China (RM23.4 billion), the United States of America (RM10.4 billion), the British Virgin Islands[2] (RM6.6 billion), and Italy (RM3.3 billion). These foreign investments signal enduring global trust in Malaysia as a strategic base for regional growth.

The state of Johor recorded the highest value of approved investments (RM56.0 billion), followed by Selangor (RM34.7 billion), W.P. Kuala Lumpur (RM30.1 billion), Pulau Pinang (RM18.9 billion) and Sabah (RM11.4 billion).

National Investment Aspirations (NIA) – Driving Malaysia’s Long-Term Goals

The focus sectors under the National Investment Aspirations (NIA) contributed a total of RM88.3 billion, representing almost half of the total approved investments (46.4%) across various economic sectors. These approvals span 426 projects and are expected to create 33,891 new employment for Malaysians, demonstrating a strong alignment between the nation’s investment strategies and its development goals.

Of the total approved amount, RM106.2 billion or 55.8% falls under the scope of MITI and MIDA. This includes 1,247 projects projected to generate 48,689 jobs.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI), said, “Malaysia’s 18.7% year-on-year growth in approved investments for 1H 2025 demonstrates foreign and domestic investors’ continued trust in our clear policies and long-term industrial reform agenda. These have contributed to Malaysia’s strong economic fundamentals, which have clearly held up our economy even amid a challenging global environment. MITI and MIDA are working closely with other relevant Ministries and Agencies to ensure these commitments are implemented expeditiously to deliver meaningful outcomes for the people.”

[1] Compilation of foreign investments is based on the ultimate investing country. The ultimate source refers to the home country of the foreign investor that holds control over the decision-making process and investment management, even if the investment flows through several intermediary sources.

[2] Based on declaration by the applicant company in its submission to MIDA and relevant Ministries/Agencies.

He also noted the significance of Johor’s growth momentum, “Johor’s performance has been especially encouraging, topping the nation in both Q1 2025 (RM30.1 billion) and in 1H 2025 (RM56.0 billion). This reflects the state’s strengthening economic fundamentals, driven by initiatives such as the Johor–Singapore Special Economic Zone, one of Malaysia’s value propositions as a strategic manufacturing and services hub within the ASEAN region.”

Services Sector Powers in Growth, Led by Strong Domestic Investments

The services sector accounted for RM118.6 billion in approved investments, representing 62.3% of the total, comprising 2,476 projects. The sector recorded a year-on-year increase of 25.6%, with an estimated 42,576 new jobs expected to be created.

Domestic investments contributed RM66.6 billion (56.2%) while foreign investments contributed RM52.0 billion (43.8%). This healthy balance reflects foreign and domestic investors’ continued confidence and the sector’s broad-based appeal.

The top-performing sub-sector under the services sector are:

Information and Communications: RM59.6 billion
Real Estate: RM38.6 billion
Utilities: RM6.0 billion
Support Services: RM5.9 billion
Distributive Trade: RM4.3 billion

Notable Projects Elevating Malaysia’s Services Sector

DHL Express (Malaysia) Sdn. Bhd.: DHL Express (Malaysia) Sdn. Bhd. launched one of its most advanced facilities in Southeast Asia — the Kuala Lumpur Gateway. With a €60 million (RM300.0 million) investment, it is the region’s first gateway with a fully automated sorting system, capable of processing up to 10,000 shipments per hour.
Adventist Hospital & Clinic Services (M): Located in Georgetown, Penang, this home-grown, Malaysian-owned healthcare provider is investing RM300.0 million in modern facilities, cutting-edge technology and expanded specialist services to become a leading tertiary healthcare provider for the Malaysian community and international visitors.
SM01 Sdn. Bhd.: With an investment close to RM200.0 million,SM01 Sdn. Bhd. is a flagship solar project in Gurun, Kedah, under the Corporate Green Power Programme led by Japan’s Shizen Malaysia, with partners from Solarvest and HSS. Showcasing Malaysia–Japan collaboration, it advances ESG-focused green investments, delivering green energy to corporate offtaker through large-scale sustainable infrastructure.
Base Floating Solar Sdn. Bhd.: The company is responsible for designing, constructing and operating the Batang Ai Floating Solar Farm, the largest floating solar photovoltaic (FPV) installation in Sarawak, Malaysia, valued at RM184.6 million.

Manufacturing Sector Attracts RM68.4 Billion, Boosting High Value Jobs

Malaysia’s manufacturing sector secured RM68.4 billion or 36.0% in approved investments for 1H 2025. The approval of 518 projects is anticipated to yield 46,690 new job openings.

Notably, foreign investments (FI) accounted for 78.0% or RM53.3 billion of the total approved investments in the manufacturing sector, while domestic investments (DI) contributed RM15.1 billion (or 22.0%).

Encouragingly, the share of higher-skilled roles has been rising: the managerial, technical and supervisory (MTS) index climbed to 46.9%, from 42.7% a year earlier. This suggests slow but steady progress in moving up the value chain, a shift that will hinge on the continued upskilling of local talent and accelerating technology adoption.

Top Performing Industries

Chemical and chemical products: RM15.5 billion
Electrical and electronics (E&E): RM13.1 billion
Basic metal products: RM9.8 billion
Non-metallic mineral products: RM7.1 billion
Machinery and equipment: RM5.2 billion

Notable Manufacturing Projects Strengthen Malaysia’s Industrial Base

Pentamaster Technology (M) Sdn. Bhd. With an investment of RM1.8 billion, the company provides advanced automation manufacturing and technology solutions to high-value industries and is set to become the first Malaysian automation company to design and build advanced test equipment for next-generation semiconductor manufacturing globally.
QL Foods Sdn. Bhd.: A Perak-based agro-food company investing RM1.2 billion over the next ten years. Specialising in surimi and surimi-based products for both domestic and international markets, the company is also adopting sustainable practices and innovation to support Malaysia’s food security and export competitiveness.
Chipbond Technology Malaysia Sdn. Bhd.: RM1.0 billion wafer-level chip scale packaging (WLCSP) facility.
Altera Semiconductor Technology (M) Sdn. Bhd.: RM1.0 billion to manufacture field-programmable gate arrays (FPGAs) and other integrated circuits.
Hunan Yuneng New Energy Battery Material Co., Ltd.: Investing RM560.0 million in Phase 1 to establish a facility in Malaysia for the production of lithium battery cathode materials.
Singda Superalloy (Malaysia) Sdn. Bhd.: A Singapore-based high-tech company will invest about USD80 million (RM336.8 million) in Johor to build South-East Asia’s first superalloy manufacturing plant. The facility will produce high-performance superalloy materials for industries including aerospace, oil and gas, new energy, petrochemicals and automotive, creating more than 300 skilled local jobs.
NetZero Technology Sdn. Bhd.: RM340.0 million manufacturing facility in Kedah, producing insulation from recycled glass waste for energy-efficient construction.

Primary Sector Maintains Stability Amid Global Headwinds

The primary sector secured RM3.3 billion in approved investments across 17 projects, mainly in mining. The approved investments are dominated by domestic sources with RM1.8 billion (54.2%), while foreign sources contributed RM1.5 billion (45.8%).

Positive Outlook with Strong Pipeline of High-Impact Investments

From January to June 2025, MITI and MIDA undertook a total of six (6) Trade and Investment Missions (TIMs), two (2) of which were official visits led by the Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim. These engagements covered the United Arab Emirates (UAE), the United Kingdom, Switzerland, India, Russia, Saudi Arabia, Singapore, and the United States of America, serving as platforms to strengthen bilateral ties and engage with prominent global business leaders.

Malaysia’s investment outlook remains resilient, supported by a steady flow of quality project proposals. As at 31 July 2025, MIDA is facilitating a solid pipeline of 385 potential projects, collectively valued at RM22.5 billion.

The services sector continues to lead the way, comprising 290 projects worth RM15.7 billion.
Meanwhile, the manufacturing sector maintains its strong showing with 95 projects valued at RM6.8 billion.

MIDA is also in active discussions for an additional RM103.8 billion worth of high-impact investment leads—signaling sustained investor interest and confidence in Malaysia’s pro-business policies and long-term economic direction.

High Implementation Rates Reinforce Malaysia’s Investment Credibility

Between 2021 to June 2025, the National Committee on Investment approved 3,883 manufacturing projects. Of these:

85.1% of projects (3,414) have been implemented, which includes full-scale production, factory construction, and machinery installation.
11.9% remain in the planning phase, focusing on critical activities such as site selection and developer consultations.
3.0% of projects were not implemented due to a change of commercial direction by the investor(s).

Implementation rates for specific periods reinforce this credibility:

Over 90% of manufacturing projects approved in 2021 until 2023 have been implemented.
83.5% of 2024’s and 49.6% of January – June 2025’s projects are already progressing, a commendable rate given the average lead time of 18 to 24 months typical for such developments.

Examples of implemented projects are provided in Appendix I.

Consistently high implementation rates signal not only investor trust and policy consistency, but also MIDA’s dedicated investor aftercare services and strong inter-agency collaboration.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said that Malaysia’s performance in attracting investments for the first half of 2025 is a clear sign of resilience, “Despite a tumultuous global economy, Malaysia’s economy expanded by 4.4% in the second quarter of 2025[3], and investment momentum is holding strong. This clearly reflects the depth of our fundamentals and the trust investors place in our long-term direction. At MIDA, our role is to make that journey from interest to implementation as smooth as possible.”

“Through the Invest Malaysia Facilitation Centre, we bring all the relevant agencies under one roof so decisions can be made quickly, bottlenecks removed, and projects get off the ground swiftly. It’s why over 85% of manufacturing projects approved since 2021 until June 2025 are already being implemented. Every day, we see how this approach helps investors turn plans into action, creating jobs, building capacity, and keeping Malaysia competitive even when global conditions are less than ideal. These are the times when our ability to deliver really counts, and the results in 1H 2025 show that we are delivering,” he added.

Malaysia’s strategic advantage lies in its commitment to strategic reforms, high-impact sectors, and investor facilitation, ensuring the country remains a preferred destination for quality investments for years to come.

[3] https://www.bnm.gov.my/-/qb25q2_bm_pr

***The End***

About MIDA

The Malaysian Investment Development Authority (MIDA) is the Government’s principal investment promotion and development agency under the Ministry of Investment, 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 21 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

*Explainer: DOSM’s FDI and MIDA’s approved Foreign Investment (FI)

MIDA reports on approved Foreign Investments (FI) – These represent proposed investment projects with foreign equity participation that have been granted licenses, incentives, permits, grants, soft loans, etc., by relevant Ministries and Agencies. They are measured based on CAPEX and OPEX, such as land, building, and resources. Approved FI reflects potential investments into the country which will be realised into actual inflows over a specified period, usually across multiple years. On average, 18-24 months is the typical duration to complete the required regulatory steps between approval and implementation, before projects get off the ground. The release of approved FI data serves as a forward-looking indicator of investor’s confidence, the strength of Malaysia’s investment prospects, and the key sectors attracting foreign investors.

DOSM reports on Foreign Direct Investment (FDI) – This figure refers to investments by non-residents via transactions of financial instruments, including equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits, etc.). For instance, if a foreign investor buys shares in a Malaysian company, this would be captured by DOSM’s FDI data. FDI statistics for Malaysia are compiled as part of the balance of payments, which is compiled based on the IMF’s BPM6 guidelines.

For further information, please refer to https://www.mida.gov.my/why-malaysia/investment-statistics/

For media enquiries please contact:

Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

Malaysia’s 1H 2025 Approved Investments Up By 18.7% Year-On-Year To RM190.3 Billion, Creating Over 89,000 New Jobs

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Penang, 18 August 2025 – UMediC Group Berhad (“UMC”) unveiled its massive expansion at Batu Kawan Industrial Park, on 15 August 2025. The expansion marks a doubling of the company’s manufacturing capacity. The new facility adds 20,000 square feet of production space to their existing 30,000-square-foot operation. This growth represents a major commitment to Malaysia’s healthcare future.

The expansion includes three major components:

UMC Healthcare Centre
Rescue Medic Ambulance Services
UMC Learning Centre

The launch ceremony was officiated by YB Daniel Gooi Zi Sen, Penang State Executive Councillor for Youth, Sports, and Health. He was joined by distinguished guests, including YB Goh Choon Aik, State Assemblyman (ADUN) for Bukit Tambun and Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang, along with senior representatives from Invest Penang.

In his speech, YB Daniel Gooi Zi Sen, Penang State Executive Councillor for Youth, Sports, and Health, stated, “Today, we witness a homegrown success story – a company that started with a vision, perseverance and dedication, now recognised as one of Malaysia’s top medical device companies. UMC’s success brings pride to Penang, bring our economy and enhances our nation’s global reputation.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), praised the expansion, “This achievement reflects UMC’s strong vision and commitment to moving up the value chain, in line with national strategies such as the New Industrial Master Plan 2030 to drive innovation, diversification and high-value offerings. UMC’s evolution from a leading medical device manufacturer into an integrated healthcare provider, leveraging advanced medical technologies, digitalisation and R&D while expanding into training centres and ambulance services, not only strengthens its market position but also enhances Malaysia’s capabilities in the medical technology and services sectors, supporting the growth and resilience of our healthcare ecosystem.”

UMC’s core business is supported by robust manufacturing capabilities and a dedicated Research & Development team. The company produces essential devices such as prefilled humidifiers, prefilled nebulisers, and asthma spacers, which are exported to approximately 40 different countries worldwide. Notably, UMC is the first company globally to obtain Halal certification for its prefilled humidifier, a testament to its innovation and adherence to quality standards. The new state-of-the-art ISO 5 cleanroom, with high-precision blow-fil-seal machinery, further reinforces its position as a global-ready medical manufacturer.

Beyond manufacturing, UMC also plays a vital role in the distribution of critical life-support medical and laboratory devices carrying global well-known brands such as Philips, GE and AliveDx. With the new facilities, UMC’s offerings now include medical training, ambulance services, and the operation of healthcare centres, creating a comprehensive, integrated healthy supply chain.

Mr. Eric Lim Taw Seong, CEO of UMC, maintains that the group of companies will continue to expand its coverage and offerings in different areas of the healthcare industry, in line with our vision, which is to provide an integrated healthcare supply chain with advanced technology, which ultimately improves the quality of human life.

The launch ceremony was highlighted by a showcase of Rescue Medic Ambulance Services, free basic health screenings, a facility and plant tour, and live demonstrations of UMC’s cutting-edge medical devices.

From left to right-Dato’ Seri Ng Chai Eng, Chairman of UMediC Group Berhad and CEO of UWC Berhad; Dato’ Loo Lee Lian, CEO of InvestPenang; Y YB Goh Choon Aik, ADUN Bukit Tambun, Pulau Pinang; YB Daniel Gooi Zi Sen, Penang State EXCO for Youth, Sports and Health;Mr. Eric Lim Taw Seong, CEO of UMediC Group Berhad; Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang;Dato’ Lau Chee Kheong, COO/Executive Director/Co-Founder at UWC Holdings Sdn Bhd.

*****

About MIDA

About UMediC Group Berhad

UMediC Group Berhad (“UMC”) is an investment holding company. Through its subsidiaries, UMC is involved in the manufacturing, marketing and distribution of various medical & laboratory devices and consumables as well as the provision of after-sales services and medical services. UMC is a homegrown own-brand manufacturer for HYDROX prefilled humidifiers, AIRDROX series inhaler spacers and the recent introduction of its HYDROX prefilled nebulizers and FLEXIDROX water bag for inhalation. The HYDROX prefilled humidifiers hold Halal and Conformité Européenne (CE) certifications. Now, UMediC is expanding beyond product manufacturing and distribution to build a comprehensive healthcare ecosystem with the launch of the UMC Healthcare Centre, Rescue Medic Ambulance Services, and UMC Learning Centre.

For media enquiries, please contact:

MIDA
Ms. Wahida Abdul Rahman
Director, Healthcare, Education & Hospitality Division
No.: +603-2267 6622| Email: [email protected]

UMediC Group Berhad
Ng Sze Hui
Legal Compliance Advisor
Email: [email protected]
Tel: 04-589 9676

UMedic Group Expands Operation In Malaysia, Reflects Growing Confidence In Malaysia’s Healthcare Industry

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The 209,000 square foot office space is designed to host over 1,200 employees and include a state-of-the-art engineering lab space to support semiconductor design

Penang – August 14, 2025 – AMD (NASDAQ: AMD) today inaugurated its new state-of-the-art office and engineering lab facility in Bayan Lepas, Penang. This marks a significant milestone in AMD’s commitment to expanding its global business services and engineering presence in Malaysia.

The new office at GBS by the Sea, spans 209,000 square feet and is designed to support over 1,200 employees. It features open workspaces and state-of-the-art engineering labs to drive advances in semiconductor design.

The launch was inaugurated by YAB Tuan Chow Kon Yeow, the Chief Minister of Penang, in the presence of Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO), Malaysian Investment Development Authority (MIDA), Keivan Keshvari, Senior Vice President, Global Operations, AMD and Chuang-Li Khoo, Penang Site Lead, AMD.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, said, “As AMD celebrates its over five decades presence in Penang, this milestone stands as a strong testament to Penang’s position as a sustainable and thriving investment destination, where companies not only establish a foothold, but also grow and flourish.” He added, “As global trends shift rapidly toward frontier technologies such as AI, the Penang State Government, via InvestPenang, remains committed to supporting forward-looking investors like AMD in these transformative fields.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO said, “AMD’s new facility in Penang is a testament to the enduring and evolving partnership between Malaysia and a global technology leader. From our initial collaboration in manufacturing five decades ago to this significant investment in integrated circuit (IC) design and high-value services, AMD’s journey mirrors Malaysia’s own progression up the semiconductor value chain. By anchoring R&D and advanced capabilities here, AMD is not only creating high-quality jobs but also fostering a dynamic ecosystem where local talent and firms can thrive alongside global innovators.” He added, “Aligned with our New Industrial Master Plan 2030, the National Semiconductor Strategy and the 13 th Malaysia Plan, MIDA is proud to have supported AMD’s strategic growth in Malaysia and looks forward to continuing this shared journey of innovation with AMD for many
years to come”.

Keivan Keshvari, Senior Vice President of Global Operations, AMD, said, “The opening of this advanced facility underlines AMD’s long-term commitment to Malaysia’s thriving semiconductor ecosystem. This new office will enable us to develop, build, and deliver the next generation of high-performance, adaptive and AI computing solutions across the AMD portfolio while supporting Malaysia’s continued growth as a hub for technological innovation.”

Chuang-Li Khoo, Penang Site Lead, AMD, said, “I am very proud of the space we have built here. We started our operations in 2002, with the foundation of the Accounting and Finance Service operations in Penang. 23 years later, we celebrate a new chapter for AMD in Malaysia with the inauguration of our new office at GBS by the Sea, expanding our presence across global business services and engineering. This
facility is designed to enable our teams to grow, collaborate, and deliver world-class solutions from a world-class workspace, reinforcing our commitment to Penang as a hub for talent, innovation, and excellence.”

The new office reinforces AMD’s long-standing presence in Malaysia and reflects the company’s confidence in the region’s talent and potential. With expanded capabilities and a focus on innovation, the Penang facility will play a key role in supporting AMD growth while contributing meaningfully to Malaysia’s semiconductor ecosystem.

From left to right-Dato’ Loo Lee Lian, Invest Penang CEO; Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Keivan Keshvari SVP, Global Operations, AMD Global Operations & Quality; Khoo Chuang Li, Senior Director Finance, AMD Penang Site Lead

*****

About MIDA

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the 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 realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy) and Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About AMD

For more than 55 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, Facebook and X pages.

For media enquiries, please contact:

MIDA
Mr. Mazlan Mokhtar
Director,
Electrical and Electronics Division
Tel: +603-2267 6655
Email: [email protected]

InvestPenang
Elaine Cheah
Communications & Business Intelligence
Tel: +604-646 8833
Email: [email protected]

AMD
Anita George
Corporate Communications, APJ
Tel: + 91-7799992478
Email: [email protected]

AMD Expands R&D Footprint with State-Of-The-Art Malaysian Facility

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Agilent’s state-of-the-art facility in Penang received recognition by the World Economic Forum, solidifying Malaysia’s position as a leader in advanced manufacturing

KUALA LUMPUR, Malaysia, 14 August 2025 — Agilent Technologies Inc. (NYSE: A) today celebrated a landmark achievement as its smart factory in Penang was recognised as a global leader in the Fourth Industrial Revolution (4IR) by the World Economic Forum and McKinsey & Company. The accolade honours factories worldwide that demonstrate exceptional performance in productivity, supply chain resilience, and talent development through the adoption of advanced technologies.

Leveraging artificial intelligence (AI) and advanced digital technologies, Agilent Penang has increased overall productivity by 40%, reduced delivery lead times by 48%, and a significantly reduction in environmental impact. These advancements have enhanced agility in meeting changing market demands while equipping its workforce with AI-ready skills. Agilent’s Penang facility is now one of only two (2) factories in Malaysia to be named by the Forum, firmly placing the state on the global map for advanced manufacturing excellence.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, said, “I am especially proud that both Malaysian Lighthouse sites are located in Penang, a reflection of the state’s readiness to embrace Industry 4.0 and its rising prominence as a national benchmark for smart manufacturing excellence.” He added, “Agilent balances technological advancement with environmental and social responsibility, making its Penang’s site a true model for Smart Factory development in Malaysia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), expressed, “We extend our heartfelt congratulations to Agilent for this prestigious recognition as a World Economic Forum Global Lighthouse – a milestone that reinforces Malaysia’s growing reputation as a hub for advanced manufacturing and smart industry. We applaud Agilent’s significant role as one of the enablers and accelerators for the entire semiconductor value chain in the country. The National Semiconductor Strategy strengthens the overall industrial ecosystem by advancing skills, research, and infrastructure, which in turn supports high-value companies like Agilent and helps the semiconductor sector grow more resilient. Together with the New Industrial Master Plan 2030 and the 13th Malaysia Plan, these national efforts are being translated into real, measurable impact. MIDA is proud to have supported Agilent’s journey as we collectively position Malaysia at the forefront of global industrial leadership.”

“Embracing human-machine collaboration for industries to augment human capabilities introduces great new possibilities in navigating evolving market landscapes. At Agilent, we are proud to contribute to Penang’s continuous economic growth by driving innovation, world-class manufacturing, and investing in high-value skills.” Said Chow Woai Sheng, President for Order Fulfillment and Supply Chain (Interim) and Vice President for Global Instrument Manufacturing at Agilent.

Central to Agilent’s 4IR transformation is a digital training programme that has successfully upskilled 88% of its local workforce, equipping employees to lead the next chapter of sustainable manufacturing. As the company advances the application of AI in producing life sciences instruments, Agilent continues to collaborate with Malaysia’s scientific community to accelerate discoveries and improve quality of life worldwide.

From left to right-Lim Oon Pin (OP), Associate Vice President of Agilent Penang Factory; Dato’ Loo Lee Lian, CEO, InvestPenang; YBhg Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO, MIDA; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Chow Woai Sheng, President of OFS (interim) and VP of Global Instrument Manufacturing; Bharat Bhardwaj, Vice President of Sales, APAC; Chai Meng Fee, Associate Vice President of Instrument Design Center and Country General Manager

*****

About MIDA

About InvestPenang

About the Global Lighthouse Network

Launched in 2018, the Global Lighthouse Network brings together and celebrates the success of the world’s leading industrial sites which achieved exceptional performance in productivity, supply chain resilience, customer centricity, sustainability and talent. This global community of influential innovators, deploying over 1,000 solutions in multiple industries, includes 189 sites, 25 of which are Sustainability Lighthouses. The network now spans over 30 countries and 35 sectors. The initiative was co-founded by the World Economic Forum and Mckinsey & Company. Learn more at WEForum.org.

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers’ most challenging questions. The company generated revenue of $6.51 billion in fiscal year 2024 and employs approximately 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.

For media enquiries, please contact:

MIDA
Mr. Mazlan Mokhtar
Director,
Electrical and Electronics Division
Tel: +603-2267 6655
Email: [email protected]

InvestPenang
Communications & Business Intelligence
Elaine Cheah / Arief Ferdaus
T: +604-646 8833
E: [email protected] / [email protected]

Agilent Technologies
Media Relations, South Asia and Korea
Grace Thong
T: +65 9688 2152
E: [email protected]

Agilent Puts Malaysia On The Global Map For Industry 4.0 Excellence

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Expansion Strengthens Global Supply Chain and Boosts Southeast Asian Presence

PENANG, Malaysia, 11 Aug 2025 – Vivax-Metrotech Corporation (VXMT), a global leader in advanced utility locating and inspection technologies, has announced the establishment of a new manufacturing facility in Penang. The investment, valued at RM48 million will create 175 high-skilled jobs and enhance the company’s production capacity to support accelerating global demand.

The new facility features 16 assembly production lines and specialised clean room operations. This technological infrastructure enables the company to manufacture a range of precision technologies used in telecommunications, water, gas, and electrical utilities. This expansion strengthens Vivax-Metrotech’s global supply chain while reinforcing its presence in Southeast Asia.

“This investment by Vivax-Metrotech Corporation comes at the perfect time as Malaysia strengthens its high-tech manufacturing capabilities,” says Datuk Sikh Shamsul Ibrahim bin Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA). “Their commitment aligns with the 13th Malaysia Plan, supporting the goals of the New Industrial Master Plan 2030. Beyond the RM48 million investment, what excites us most is how Vivax-Metrotech will create 175 quality jobs for Malaysians while helping build our advanced electronics ecosystem. MIDA will continue to facilitate Vivax-Metrotech’s growth in Malaysia, ensuring they have the support needed to expand their operations and contribute to our industrial development.”

Christian Stolz, CEO and Chairman of Vivax-Metrotech Corporation, said, “Malaysia’s proven track record in attracting leading high-technology companies combined with its forward-looking talent pool, exceptional commitment to quality and a strategic location made it a well-suited choice for expanding our manufacturing operations in South-East Asia.”

Mark Drew, President of Vivax-Metrotech Corporation, added, “Expanding manufacturing plays a crucial role in supporting our sales growth and strengthens our global supply chain resilience.”

Liming Zhang, General Manager of Vivax-Metrotech Shanghai Factory, noted, “Our priority is the ensure the Malaysian site operates seamlessly alongside our existing regional operations. With shared expertise, aligned processes and a strong foundation in precision manufacturing, this expansion reinforces our ability to deliver consistently and operate with the reliability our customers expect.”

This investment represents a key milestone in Vivax-Metrotech Corporation’s international growth strategy. With its second manufacturing facility now operational in Malaysia, the company is well-positioned to meet rising global demand while contributing meaningfully to Malaysia’s vision of becoming a high-value, innovation-driven industrial economy.

*****

About MIDA

About Vivax-Metrotech Corporation

Vivax-Metrotech is a leading provider of innovative solutions for locating, inspecting, and mapping underground utilities. With decades of experience and a global footprint, the company delivers cutting-edge technologies that empower utility professionals worldwide to work safely and efficiently.

For media enquiries, please contact:

MIDA
Mr. Mazlan Mokhtar
Director,
Electrical and Electronics Division
Tel: +603-2267 6655
Email: [email protected]

Vivax-Metrotech Corporation
Mark Drew
President of Vivax-Metrotech
Email: [email protected]

Vivax-Metrotech’s State-Of-The-Art Facility Creates 175 Tech Jobs In Penang

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NEGERI SEMBILAN, 8 AUGUST 2025 – Leading Chinese battery manufacturer Hunan Yuneng New Energy Battery Material Co., Ltd. (“Hunan Yuneng”) has officially committed to establishing its first Southeast Asian manufacturing facility in Malaysia. The company signed a Memorandum of Understanding (MoU) with Invest Negeri Sembilan and SPD Tech Valley Sdn. Bhd. on August 7, 2025, marking a significant milestone in Malaysia’s growing clean energy sector.

The new state-of-the-art manufacturing facility in Malaysia will be dedicated primarily to producing lithium battery cathode materials. This project represents Hunan Yuneng’s inaugural presence in Malaysia and expected to create over 200 new job opportunities, demonstrating the company’s commitment to Malaysia’s continuous economic development

The MoU was formally signed between YBhg. Dato’ Hj. Najmuddin Sharif Bin Sarimon, Chief Operating Officer of Invest NS, Mr. Liang Kai, Deputy CEO of Hunan Yuneng and Mr. Ten Wee Seong, CEO of SPD Tech Valley. The signing ceremony was witnessed by YAB Dato’ Seri Utama Haji Aminuddin Bin Harun, Menteri Besar Negeri Sembilan, highlighting the strategic significance of this collaboration.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), said, ” This MoU marks a significant milestone that aligns perfectly with Malaysia’s long-term industrial transformation plans under the Thirteenth Malaysia Plan and the New Industrial Master Plan 2030. We’ve identified sustainability, innovation, and advanced technology as key pillars driving our nation’s growth, and this investment by the company aligns strongly with all these priorities. MIDA stands ready to support this project with our full range of facilitation services and ecosystem development initiatives. Having Hunan Yuneng’s technical expertise, combined with strong local partnerships, puts Malaysia in an excellent position to strengthen our global clean energy value chain.”

Mr. Liang Kai, Deputy CEO of Hunan Yuneng, said, “Malaysia has successfully drawn a growing cluster of Chinese enterprises across the entire new-energy battery industry to establish operations. The forthcoming Malaysian facility will serve as Hunan Yuneng’s strategic springboard for expanding throughout Southeast Asia. Hunan Yuneng’s participation will materially strengthen Malaysia’s new-energy battery ecosystem, elevating the nation’s position as a comprehensive industry hub in the region.”

In Q12025, Malaysia approved RM89.8 billion in investments, with the manufacturing sector accounting for RM30.5 billion. Notably, the chemicals and chemical products sub-sector attracted RM4.2 billion, ranking third among contributors to manufacturing investment – a trend that underscores investor confidence in Malaysia’s industrial diversification.

From left to right – Yang Berusaha Mr. Ten Wee SeongChief Executive Officer, Seri Pajam Development Group; Yang Berbahagia Dato’ Haji Najmuddin Sharif Bin Sarimon,Chief Executive Officer, Invest Negeri Sembilan; Yang Berhormat Dato’ Mohd Zafir Bin Ibrahim State Government Secretary, Negeri Sembilan; Yang Amat Berhormat Dato’ Seri Utama Haji Aminuddin Bin Haji Harun Menteri Besar of Negeri Sembilan;Yang Berusaha Mr. Liang KaiDeputy Chief Executive Officer, Hunan Yuneng New Energy Material Company, Limited; Yang Berhormat Tuan Teo Kok Seong EXCO of Investment and Non-Muslim Affairs, Negeri Sembilan; Yang Berusaha Ms. Surayu Susah Executive Director Manufacturing Development (Resource), MIDA; Yang Berusaha Mr. Ma Guodong Chief Investment Officer, Hunan Yuneng New Energy Battery Material Company, Limited; *Yang Berusaha Mr. Zhou Zhihui Deputy General Manager, Hunan Yuneng New Energy Battery Material Company, Limited;* *Yang Berbahagia Dato’ Ten Ah Man Group Executive Chairman, Seri Pajam Development Group*

– End –

About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, 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 21 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Hunan Yuneng
Founded in 2016, Hunan Yuneng is headquartered in Hunan, China and quoted in Shenzhen Stock Exchange with stock code 301358. Hunan Yuneng principally engaged in the research and development, production and sales of lithium-ion battery positive electrode materials. The Company’s main products include lithium iron phosphate and other lithium-ion battery positive electrode materials, which are mainly used in lithium-ion batteries such as power batteries and energy storage batteries.

For media enquiries, please contact:

MIDA
Puan Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Materials Division
Email: [email protected]
Tel.: +603-2267 6701

Hunan Yuneng
Mr. Flynn Ma
Director of Hunan Yuneng New Energy Battery Material Co., Ltd.
Email: [email protected]

Hunan Yuneng Chooses Malaysia for its South East Asian lithium Battery Manufacturing Hub

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Strategic Partnership Targets Investments in Semiconductor, EV, and Green Technology Sectors

Kuala Lumpur, Malaysia, 8 August 2025 –The Malaysian Investment Development Authority (MIDA) and global banking subsidiary MUFG Bank (Malaysia) Berhad yesterday announced a ground-breaking partnership to accelerate high-value investments in Malaysia. The MoU agreement focuses on attracting global investment in semiconductors, specialty chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors, and green technology. This partnership marks a significant milestone in Malaysia’s journey towards becoming a leading innovation hub in Southeast Asia.

The collaboration comes at a crucial time for Malaysia’s economic transformation in light of the recent 13th Malaysia Plan announced last week.

The Chief Executive Officer (CEO) of MIDA, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, emphasised the partnership’s role in strengthening Malaysia-Japan economic ties. “We are pleased to formalise our partnership with MUFG Bank (Malaysia) through this MOU, which aims to further strengthen and deepen Malaysia-Japan economic collaboration. This strategic alliance will actively promote investment opportunities in high- value and competitive sectors by facilitating bilateral investments. By leveraging our extensive business networks and ecosystems, we seek to foster joint ventures and strategic partnerships between Malaysian and Japanese companies.”

“We will also work together to position Malaysia as a welcoming destination for Japanese investors, including through events and outreach activities that support mutual engagement. This MOU is a milestone in enhancing the economic ties between Malaysia and Japan, reinforcing our commitment to sustainable industrial growth and bilateral prosperity,” he further added.

Motohide Okuda, CEO and Country Head of MUFG Malaysia, said, “MUFG is honoured to mark this significant milestone with MIDA. This MoU reflects a shared vision to support Malaysia’s economic growth by leveraging on our global network to promote high quality inbound investments from our global and Japanese corporates and further contribute to the sustainable development and long-term success of Malaysia.”

“We are especially grateful to Datuk Sikh Shamsul, CEO of MIDA, for his continuous support and proactive engagement through other MUFG platforms such as MUFG N0W (Net Zero World) which was held in Sarawak on 20 March 2025 and MUFG’s Semiconductor Seminar, in Penang, on 29 July 2025. His insights have been instrumental in helping businesses understand Malaysia’s evolving investment landscape and exemplify how public-private collaboration can drive inclusive growth and build a resilient, future-
ready economy aligned to national priorities.”

The MoU signing was witnessed by MUFG Chairman, Kanetsugu Mike.

Left to right: Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, Kanetsugu Mike,

Chairman of MUFG and Motohide Okuda, CEO and Country Head of Malaysia.

-END-

About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI). MIDA oversees and drives investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA operates through 12 regional and 21 overseas offices, serving as a strategic partner to businesses in leveraging opportunities from the ongoing technological revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok, and YouTube.

About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups.
Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with
approximately 2,000 locations in more than 40 markets. The Group has about 140,000 employees
and offers services including commercial banking, trust banking, securities, credit cards, consumer
finance, asset management, and leasing.

The Group aims to “be the world’s most trusted financial group” through close collaboration among
our operating companies and flexibly respond to all of the financial needs of our customers, serving
society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on
the Tokyo, Nagoya, and New York stock exchanges.

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 40 markets.
Outside of Japan, the bank offers an extensive scope of commercial and investment banking
products and services to businesses, governments and individuals worldwide.

In Asia Pacific, MUFG has presence across Australia, Bangladesh, Cambodia, China, Hong Kong,
Indonesia, India, South Korea, Laos, Malaysia, Myanmar, New Zealand, Pakistan, Philippines,
Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in South-east
Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri
in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.

For more information about our Asia Pacific network, click here

About MUFG Bank (Malaysia) Berhad

MUFG Bank (Malaysia) Berhad (MUFG) is a subsidiary of Mitsubishi UFJ Financial Group.
MUFG’s presence in Malaysia dates back to 1957 and has since established long-term client
relationships comprising local, global, and Japanese corporates. The bank has branches in Kuala
Lumpur and Labuan.

In 2008, MUFG established an Islamic banking arm, the first Japanese bank to do so in Malaysia,
and has contributed to industry milestones such as the launch of the world’s first Yen-denominated
Sukuk. Through its twin hub located out of the Dubai International Financial Centre (DIFC), and in
tandem with consolidated group subsidiary PT Bank Danamon Indonesia’s Islamic banking entity,
MUFG currently provides a comprehensive suite of Shariah-compliant banking products and
advisory services in Asia Pacific and globally.

MUFG is also a firm supporter of Malaysia’s renewable energy hub aspirations and pivot towards
critical industry sectors, having hosted public engagement sessions such as the flagship MUFG
N0W (Net Zero World) regional thought leadership event and a MUFG semiconductor conference
in Sarawak and Penang respectively. MUFG Malaysia was twice awarded Best Sustainable Bank
(International) by FinanceAsia in 2023 and 2024.

For media enquiries, please contact:

MIDA
Ms. Lim Ming Yee
Director, Foreign Investment Division
No.: +603-2267 3762 | Email: [email protected]

About MUFG Bank (Malaysia) Berhad
Ms. Valerie Vu
Corporate Communications
MUFG Bank (Malaysia) Berhad
Email: [email protected]

MIDA and MUFG Bank Partner to Drive Malaysia’s Innovation Economy

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KUALA LUMPUR, Malaysia [August 30 August 2024] – Zhuhai CosMX Battery Co Ltd, (SHH: 688772), a global manufacturer of consumer lithium-ion batteries and power lithium-ion batteries, has announced plans to build its first manufacturing plant in Kedah, Malaysia. The new facility under Unimx Technology Malaysia Sdn. Bhd. will be implemented in several phases at Kulim East Industrial Park, with groundbreaking expected to begin soon (in the last quarter of 2024). This substantial RM1 billion investment marks a significant milestone in the company’s global expansion strategy, towards enhancing its manufacturing capabilities to serve the increasing demand in the lithium-ion battery segment globally.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) congratulated the company, stated, “Zhuhai CosMX’s RM1 billion investment clearly affirms Malaysia’s position not only as a preferred investment destination for tech-based companies, but also as a country that is serious about the swift implementation of investors’ commitments. MITI and MIDA’s strong drive to creating the right environment for businesses to thrive have resulted in increased investment flows, more high-skilled jobs, as well as a stronger boost to our E&E supply chain and semiconductor exports. This investment also aligns with the mission of our New Industrial Master Plan (NIMP) 2030 to enhance our industries’ economic complexity, while helping to solidify Malaysia’s position as a key manufacturing and services hub for ASEAN and Asia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), warmly welcomed the new investment from Zhuhai CosMX in Malaysia, stating “We’re excited about this project, which is set to create over 1,000 jobs and boost our nation’s skilled workforce and tech capabilities. Revolutionising battery technology is no easy task, but MIDA is proud to support and facilitate Zhuhai CosMX on this ambitious journey. Their cutting-edge expertise is going to have a big ripple effect on our local ecosystem. As a partner, we are committed to providing Zhuhai ÇosMX with the support and facilitation they need for the project to succeed, and we’re confident that their presence will have a positive impact on both the economy and rakyat.”

YB Dr. Haim Hilman bin Abdullah Kedah State Executive Council Members (Committee Chairman of Industry & Investment, Higher Education and Science, Technology & Innovation of Kedah Darul Aman) said as a pro-business government, Kedah State Government welcomes Zhuhai CosMX to set up their lithium-ion battery factory in Kulim, Kedah. There is a lot of potential for Kulim East Industrial Park to be the new hub for energy storage production in the northern part of Malaysia. This investment is a testament to the state’s economic potential and confidence in our investment climate. We hope this investment will result in economic growth, technology transfer and skill development, ultimately benefiting our workforce and society.

In addition, Mr. Noor Ikhsan Abdul Aziz, Chief Operating Officer of the Invest Kedah Berhad said “Alongside MIDA, Invest Kedah Berhad, as the state’s One-stop Center agency is here to provide assistance and facilitate a smooth investment process, all the way starting from pre-investment until post-investment stages. We understand that challenges may arise, and rest assured, we stand ready to address any concerns and provide the necessary support.”

Mr. Xu Yanming, Chairman of CosMX, said “On behalf of CosMX, I express immense joy and pride in the upcoming investment to construct a lithium-ion battery factory in Malaysia. This marks a significant step in our global strategic deployment and is a testament to our recognition and trust in Malaysia as an investment destination. We extend our heartfelt gratitude to MITI, MIDA, and Invest Kedah for their support and assistance. CosMX has always adhered to the concept of green development, committed to reducing environmental impact through technological innovation and industrial upgrading. We are looking forward to working together with our Malaysian partners and community to build this factory into a model project, achieving success not only economically but also setting a benchmark in promoting sustainable development.”

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, 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 21 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestKedah

Invest Kedah Berhad (IKB) is an Investment Promotion Agency (IPA) for the State of Kedah that acts as the first window or One Stop Centre for all investments into the State of Kedah. IKB was entrusted by The Kedah State Government to attract, facilitate and support business investments in Kedah. IKB plays the vital role of working with government agencies and local authorities to ensure a seamless setup process for local and international investors starting from pre-investment until post-investment stages. For the first quarter of 2024, Invest Kedah helped Kedah to secure the top spot with an investment of RM31.3 billion which is the highest among the states in Malaysia. For more information, please visit www.investkedah.com and follow us on our social media platforms.

About Zhuhai CosMX Battery Co Ltd

CosMX was established in 2007 and headquartered in Zhuhai. It has three main production bases in Zhuhai, Chongqing, Zhejiang and has established a factory in India. CosMX is one of the worldwide major suppliers of consumer Li-ion batteries, and has long served for world’s well-known customers in the field of PCs, notebooks, tablets, smart phones, smart wearables, power tools, drones and other fields.
In the field of power batteries, CosMX have been recognized as qualified supplier for many automotive manufacturers after years of accumulation. At present, CosMX has entered the fields of electric motorcycles, automotive start-up batteries, energy storage, and will proceed into BEV and high-voltage energy storage fields based on market trends and its own strategic position. Additional information can be found at http://www.cosmx.com/.

Media Contacts:

MIDA

Ms. Noor Suziyanti Binti Saad
Director, Electrical and Electronics Division
Email: [email protected]
Tel.: +603-2267 3575

InvestKedah

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

Zhuhai CosMX Battery Co Ltd

Mr. Li Junwei
Vice President
Email: [email protected]

Zhuhai CosMX Announces RM1 Billion Investment for First Manufacturing Plant in Kedah, Malaysia

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Penang, 26 August 2024 – RIGOL Technologies Co., Ltd., a company specialising in design, development, production, and sales of electronic test and measurement instruments. RIGOL’s products are recognised globally for its high cost-performance ratio and innovative technology, and they are widely used in education, research, industrial manufacturing, and communications. The company today announced the establishment of its subsidiary company in Penang, Malaysia, which is the first overseas manufacturing plant, R&D centre, and service centre. The new facility RIGOL TECHNOLOGIES (MALAYSIA) SDN. BHD. is situated on 90,040 square feet of land with a factory footprint of 78,024 square feet.

With a total investment of over RM100 million, the new facility is divided into two main phases. The first phase, consisting of multiple production lines, has already commenced operations, focusing on the production of electronic test and measurement instruments. The second phase will erect additional production lines and concentrate on establishing an advanced R&D centre and a comprehensive overseas service centre to support RIGOL’s ongoing commitment to innovation and customer service.

The Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, congratulated RIGOL on the opening of its new manufacturing facility, stating, ” We’re excited that RIGOL chose Malaysia for its first manufacturing plant outside of China! This investment not only creates high-value jobs, but it’s also a big opportunity for Malaysia to move up the supply chain ladder. The most important distinction here is how it aligns with the New Industrial Master Plan (NIMP) 2030, which is all about driving innovation and growth in the E&E sector. At MIDA, we’re fully committed to facilitating developments like this that take Malaysia’s manufacturing sector to the next level. We’re looking forward to a productive partnership with RIGOL and hope other industrial specialists will consider Malaysia as their investment destination. Together, we can drive mutual growth and continue to enhance Malaysia’s high-tech ecosystem.”

Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang, stated, “Penang, also known as the Silicon Valley of the East, has over half-a-century of industrialisation experience, making it a natural hub for attracting industry players within the E&E sector. Its established infrastructure, skilled workforce, and strategic location have consistently drawn leading global companies to set up and expand their operations here, reinforcing the state’s reputation as a premier destination for high-tech manufacturing and innovation. With that, I am confident RIGOL will be able to leverage on Penang’s robust industrial ecosystem to continue to uphold its mission of ‘enabling technology exploration, empowering possibilities and more’”.

Mr. Wang Ning, the Chief Executive Officer of RIGOL Technologies Co., Ltd., stated, ” RIGOL TECHNOLOGIES (MALAYSIA) SDN. BHD. not only represents a significant milestone in our global expansion strategy, but also underscores our dedication to delivering exceptional service to our international customers. By enhancing our service capabilities in overseas markets, we are positioning ourselves to better meet the growing demands of our clients, while simultaneously ensuring that we remain agile and responsive. Furthermore, this initiative allows us to maintain steady growth within the industry. By creating 150 job opportunities, RIGOL Technologies aims to nurture and develop a new generation of professionals in related technological fields. This is an exciting time for RIGOL, as we continue to build on our legacy of innovation and excellence.”

**The End**

About MIDA

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the 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 realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel.

About RIGOL Technologies, Inc

Founded in 1998, RIGOL is a global leader in providing test and measurement solutions, dedicated to offering high-performance, high-quality products. The company continues to drive innovation, delivering superior technical support and solutions to customers worldwide.

Media contacts:

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

InvestPenang
Ms. Elaine Cheah / Ms. Michelle Goy
Communications & Business Intelligence
Email: [email protected] / [email protected]
Tel.: +604 6468833

Rigol Technologies (Malaysia) Sdn. Bhd.
Plot 12 & 13, Hilir Sungai Keluang 3, Bayan Lepas Free Industrial Zone Phase 4, 11900
Bayan Lepas, Penang | https://int.rigol.com/
Mr. Lee Jun Holme
Technical Support Manager
E-mail : [email protected]
Tel.: +604-611 9929/+604-644 1181

RIGOL Strengthens Global Presence With RM100 Million Investment In Its First Manufacturing Facility And R&D Centre In Penang, Malaysia

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KUALA LUMPUR, 4 Julai 2024 – Suruhanjaya Komunikasi dan Multimedia Malaysia (MCMC) menjalin kerjasama strategik dengan Lembaga Pembangunan Pelaburan Malaysia (MIDA) melalui pertukaran Memorandum Persefahaman (MoU) untuk menjalankan program serta inisiatif dengan memanfaatkan rangkaian 5G dalam sektor vertikal serta perusahaan kecil dan sederhana (PKS).

MoU ini juga meningkatkan akses teknologi dan infrastruktur 5G untuk sektor vertikal serta PKS menerusi manfaat pendigitalan. MCMC akan menyediakan sokongan teknikal dan latihan bagi integrasi 5G di samping menekankan kepentingan teknologi 5G kepada industri yang terlibat. MIDA pula mempromosikan kesedaran manfaat 5G kepada industri.

Majlis pertukaran MoU antara Pengerusi MCMC, Tan Sri Mohamad Salim bin Fateh Din dengan Ketua Pegawai Eksekutif MIDA, Sikh Shamsul Sikh Abdul Majid, disaksikan oleh Menteri Komunikasi, YB Fahmi Fadzil dan Menteri Pelaburan, Perdagangan dan Industri (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz.

Menurut Tan Sri Mohamad Salim, “Kerjasama antara MCMC dengan MIDA membuktikan pendekatan kolaboratif sebagai langkah terbaik untuk memacu inisiatif 5G sekali gus memastikan penerimagunaan 5G yang lebih efisien dan pantas dalam menghadapi pelbagai cabaran.”

Sikh Shamsul Sikh pula menyifatkan, “Kolaborasi ini menjadi salah satu pemangkin utama dalam memacu adaptasi teknologi 5G dan transformasi digital, terutamanya PKS di Malaysia. MIDA komited untuk mewujudkan persekitaran yang kondusif, terutamanya dalam memastikan liputan 5G tersedia di kawasan perindustrian. Integrasi teknologi 5G ini bukan sahaja akan meningkatkan produktiviti dalam sektor perkilangan dan perkhidmatan, malahan menjadikan Malaysia sebagai peneraju inovasi digital di rantau ini, sekali gus memacu pertumbuhan ekonomi serta meningkatkan daya saing negara di peringkat global.”

Pemeteraian MoU ini selaras dengan aspirasi Ekonomi MADANI dan merupakan langkah penting ke arah merealisasikan matlamat ekonomi digital Malaysia untuk menyumbang 25.5% kepada Keluaran Dalam Negara Kasar (KDNK) menjelang 2025.

Inisiatif ini juga bertepatan dengan matlamat yang digariskan dalam Pelan Induk Perindustrian Baharu 2030 (NIMP 2030), khususnya dalam misi Tech Up for a Digitally Vibrant Nation yang menekankan kepentingan untuk mengadaptasi teknologi digital bagi mewujudkan 3,000 kilang pintar di negara ini.

Hingga 31 Mei 2024, capaian liputan 5G di kawasan berpenduduk di seluruh negara telah mencecah 81.7% dan melibatkan sebanyak 14.1 juta langganan 5G.

Turut hadir Ketua Setiausaha Kementerian Komunikasi, YBhg. Datuk Mohamad Fauzi bin Md Isa, Ketua Setiausaha MITI, YBhg. Datuk Hairil Yahri Yaacob, dan Pengerusi MIDA, YBhg. Tan Sri Sulaiman Mahbob.

Dikeluarkan oleh:

KOMUNIKASI KORPORAT MCMC & MIDA

MOU MCMC – MIDA Bantu PKS Dan Sektor Vertikal Melalui Manfaat Rangkaian 5G

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Kulim, 8 August 2024 – Recognising the rapid growth of power semiconductors driven by decarbonisation, particularly those based on wide bandgap materials, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) (“Infineon”), a leader in Power Systems and IoT, is taking a significant step to shape the industry by expanding its Kulim 3 fab building on the investment announced in February 2022. Infineon will invest an additional RM30.1 billion (€5 billion) for Phase 2, on top of the original €2 billion for Phase 1, to construct the world’s largest 200-millimetre silicon carbide power fabrication plant. Both Phase 1 and Phase 2 will generate 900 and 600 high value jobs in Malaysia, respectively. In total, 4,000 jobs will be created. The Kulim 3 fab building incorporates advanced energy efficiency and sustainable practices.

The Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz applauded Infineon’s decision to expand its presence in Malaysia, stating, “Infineon’s world’s largest 200mm silicon carbide (SiC) power fab being constructed in Malaysia highlights our nation’s growing credibility as a regional hub for cutting-edge technology and innovation in the semiconductor space. We warmly welcome long-term, committed partners like Infineon to, among others, enhance our economic complexity and push for net zero, as laid out in the New Industrial Master Plan 2030. Infineon’s additional RM30.1 billion investment in cutting-edge manufacturing technologies will not only drive innovation and our industrial reform agenda, but also create 1,500 high-skilled job opportunities for Malaysians. A robust industrial talent pipeline, ESG considerations and ecosystem development are key, and this is where our National Semiconductor Strategy will play its role towards attracting more high-quality investments that will drive Malaysia’s industrial reforms and sustainable growth.”

MIDA’s Chief Executive Officer, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, who attended the event, remarked, “Infineon’s expansion significantly strengthens Malaysia’s position in the global semiconductor supply chain. As decarbonisation gains pace, this investment highlights the Government’s dedication to green technologies and sustainable development, in line with the Green Investment Strategy (GIS). Infineon has been a key partner in these efforts, and their growth in Kulim is a major step for sustainable socio-economic progress. By attracting foreign investments in green technology, we are enhancing our green investment ecosystem as well as the local supply chain. MIDA thanks Infineon for their innovative solutions and sustainability efforts, and we look forward to our continued partnership.”

“We have a clear vision at Infineon: Driving decarbonisation and digitalisation. Together. Infineon Kulim plays a significant role in fulfilling this vision”, said Jochen Hanebeck, CEO of Infineon Technologies AG at the opening ceremony. “When the second phase of the Kulim expansion is completed, this will be the largest and most competitive 200-millimeter silicon carbide power semiconductor fab in the world.” He added: “Today’s event is proof that we are not alone in our efforts to achieve a climate-neutral future. We have a strong network of customers, suppliers and partners that are working towards one common goal: We want to use innovative solutions to ensure that our planet remains a place worth living on.”

Malaysia assumes a pivotal role in the global semiconductor supply chain. In 2023, the electrical and electronics (E&E) industry secured RM85.4 billion in approved investments. E&E is the major contributor to the country’s GDP growth, and is the sixth (6^th) largest semiconductor exporter with a 7.5% global market share, as well as 13% of the global share for chip assembly.

With one of the most diverse semiconductor sectors in the Asia Pacific, Malaysia has seen impressive growth. In the first quarter of 2024 alone, the industry attracted RM34.3 billion in approved investments from 34 projects, creating 6,221 new jobs. This development aligns with the National Semiconductor Strategy (NSS), which has set a bold target to attract at least RM500 billion in investment for the semiconductor industry, in the first phase of the plan.

**The End**

About MIDA

Media Contacts

Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +60322673575

Infineon’s €7 Billion World’s Largest, Resource-Efficient 200mm SiC Power Fab in Kulim to Create 1,500 High-Value Jobs

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Kuala Lumpur, California, 8 August 2024 – Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global leader in high-performance battery technology, is proud to announce the grand opening of its first high-volume manufacturing facility (“Fab2”) in Malaysia. This state-of-the-art facility has already commenced the production of high-energy density batteries and is currently hosting visits from leading global customers. Enovix plans to invest a total of USD1.2 billion (RM5.8 billion) in Malaysia over the next 15 years.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), stated, “Enovix’s Fab2 is a huge step for Malaysia in the global supply chain for advanced battery technologies, highlighting our country’s conducive investment landscape. It also fulfils our objective to attract the right high-tech industries to enhance the nation’s economic complexity, as outlined in the New Industrial Master Plan (NIMP) 2030. We welcome this new facility, which is a significant milestone for Enovix, and strongly supports our NIMP’s goals by fostering innovation, creating high-value jobs, and driving sustainable growth, while increasingly positioning Malaysia a global hub for cutting-edge technology.”

Present at the ceremony today were YB Jagdeep Singh Deo, Penang’s Deputy Chief Minister II as well as senior officials of the Malaysian Investment Development Authority (MIDA), extended a warm welcome to Enovix for selecting Malaysia as the location for its state-of-the-art facility.

YB Jagdeep Singh Deo stated, “Today’s opening ceremony for the establishment Enovix’s first high-volume manufacturing facility in Malaysia signifies the beginning of an exciting chapter for the company. The State is honoured to be selected to house this esteemed facility which will definitely bring positive technological and economic spillovers for not only Penang, but the northern region of Malaysia.”

Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, expressed, “Enovix’s significant investment in Malaysia will create jobs and enhance our workforce’s technological capabilities. MIDA is proud to support Enovix in their mission to revolutionise battery technology, and we believe that their cutting-edge expertise will have a multiplier effect on our local ecosystem. As a partner, we’re committed to providing Enovix with the support and facilitation they need to succeed, and we’re confident that their presence will have a positive impact on the nation’s economy and rakyat. We’re looking forward to working closely with Enovix to achieve their goals and make a difference in the industry.”

Dato’ Ajay Marathe, Chief Operating Officer of Enovix, said, “We are thrilled to open our doors at Fab2 and showcase our advanced manufacturing process of a cutting-edge batteries that we believe will usher in a new era of products for leading customers. We have been able to draw upon Malaysia’s deep pool of technical talent and are appreciative of the country’s business-friendly climate and close proximity to our customers and vendors.”

Enovix, headquartered in the United States of America, also operates in India, Korea and Malaysia. Enovix’s innovative battery technology is utilised across a diverse range of application, including internet of things (IoT), mobile phones, computing devices and vehicles.

-ENDS-

About MIDA

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the 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 Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; Whatsapp Channel.

About Enovix

Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to the vehicle you drive, needs a better battery. Enovix partners with OEMs worldwide to usher in a new era of user experiences. Our innovative, materials-agnostic approach to building a higher performing battery without compromising safety keeps us flexible and on the cutting-edge of battery technology innovation.

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “will,” “goal,” “prioritize,” “plan,” “target,” “expect,” “focus,” “look forward,” “opportunity,” “believe,” “estimate,” “continue,” “anticipate,” and “pursue” or the negative of these terms or similar expressions. Forward-looking statements include, but are not limited to, statements regarding our expectations regarding, and our ability to respond to, market and customer demand, commercialization and R&D activities. Forward looking statements also include the following: Enovix’s investment in Malaysia over the long term, the partnership with YBS, and the ability to realize tax incentives from Malaysia. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, our ability to improve energy density among our products, our ability to establish sufficient manufacturing and optimize manufacturing processes to meet demand, sourcing or establishing supply relationships, adequate funds to acquire our next manufacturing facility, market acceptance of our products, changes in consumer preferences or demands, changes in industry standards, the impact of technological development and competition, and global economic conditions, including inflationary and supply chain pressures, and political, social, and economic instability, including as a result of armed conflict, war or threat of war, terrorist activity or other security concerns or trade and other international disputes that could disrupt supply or delivery of, or demand for, our products. For additional information on these risks and uncertainties and other potential factors that could affect our business and financial results or cause actual results to differ from the results predicted, please refer to our filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed annual report on Form 10-K and quarterly report on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Electrical and Electronics Division
Email: [email protected]
Tel: +603-2267 3575

InvestPenang
Elaine Cheah / Michelle Goy
Communications & Business Intelligence
Email: [email protected] / [email protected]
Tel: +604- 646 8833

Enovix Corporation
Charles Anderson
Email: [email protected]
Phone: +1 (612) 229-9729

Enovix Corporation Inaugurates Its USD1.2 Billion High-Volume Manufacturing Facility in Malaysia

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Johor Bahru, 1 August 2024 – iMin Technology, the leading provider of Android-based Point of Sales (POS) hardware and platform provider in Southeast Asia, proudly announces the grand opening of its cutting-edge manufacturing facility in Johor, Malaysia. Operated through Neostra Technology Sdn. Bhd., this new plant marks iMin’s first production facility in Malaysia and represents a significant milestone in the company’s expansion strategy.

The opening ceremony was graced by YB Lee Ting Han, Johor State Executive Member and Chairman of Investment, Trade, Consumer Affairs and Human Resources Committee; Mr. Vinothan Tulisinathzan, Director of the Malaysian Investment Development Authority (MIDA) Singapore; Mr. Mohamad Reduan Mohd Zabri, Director of MIDA Johor; Mr. Hu Aimin, Chief Executive Officer (CEO) of iMin Technology; alongside other dignitaries.

iMin’s expansion into Johor enhances its manufacturing capabilities and strengthens its supply chain to meet the global demand from its fast-growing clientele. YB Lee Ting Han, in his speech, expressed that “iMin’s strategic decision to set up a production facility here (Johor) reflects a strong vote of confidence in our country’s robust economic policies, political stability and business regulations.” He also noted that Malaysia and Singapore have shared a robust and mutually beneficial economic and trade relationship, and this collaboration will serve to keep the positive momentum going, while creating jobs and fostering innovation between the two nations.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, conveyed his gratitude and congratulatory wishes to Neostra Technology Sdn. Bhd. for establishing its first production facility outside China. He emphasised that the innovative technologies and products developed by Neostra, especially the intelligent hardware system for enterprises, will seamlessly integrate into the digitalisation of industries through the Internet-of-Things (IoT) and artificial intelligence (AI) which is imperative for productivity and efficiency. “Malaysia’s technology sector is on the brink of significant growth, propelled by strategic initiatives such as the National Policy on Industry 4.0 and the Digital Blueprint. Our vision is to empower Malaysians with digital skills, enabling digital powered business and driving digital transformation through AI, data analytics, cloud computing, IoT, cybersecurity, and robotics. MIDA as the principal investment promotion agency under MITI will continue to assume a pivotal role in fostering Malaysia’s technology sector.”

Mr. Hu Aimin, CEO of iMin Technology, also expressed his excitement about the inauguration of the new production facility and shared that the plant signifies iMin’s commitment towards continued investment in innovation and advancing the level of POS hardware globally across sectors. He shared positive sentiments about Malaysia’s business landscape and the company’s expansion: “Malaysia offers a conducive environment for business growth, with its robust infrastructure, skilled workforce, and supportive government policies. Our decision to establish a manufacturing facility here is a strategic move to tap into the vast opportunities that Malaysia presents. We are confident that our presence in Malaysia will not only enhance our production capabilities, but also contribute significantly to the local economy and community. We look forward to a successful journey ahead in this promising market.”

The opening of this facility in Johor marks the start of more than just an expansion; it begins a dynamic exchange of knowledge and expertise. iMin’s deep industry knowledge and advanced technological capabilities will facilitate a valuable transfer of information and skills to the local workforce and industry partners. The integration of global expertise with local insights will drive innovation and elevate industry standards, creating a collaborative environment that will benefit both iMin and the broader business community in Malaysia.

From left: Mr. Mohamad Reduan Mohd Zabri, Director of MIDA Johor; Mr. Hu Aimin, Chief Executive Officer (CEO) of iMin Technology; YB Lee Ting Han, Johor State Executive Member and Chairman of Investment, Trade, Consumer Affairs and Human Resources Committee; Mr. Vinothan Tulisinathzan, Director of MIDA Singapore; and Mr. Richard Xu, Partner Imin Technology.

***The End***

About MIDA
MIDA is the government’s principal promotion agency under the Ministry of Investment, 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 21 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About iMin Technology
iMin Technology is a Singaporean-based company that was founded in 2018. Dubbed the No.1 most trusted Android POS Hardware brand in Southeast Asia, iMin develops and manufactures a wide range of intelligent commercial hardware solutions, such as electronic cash registers (ECR), mobile POS devices, kiosks and more. Their global footprint covers over 100+ countries, and they are committed to deliver Android-based POS devices that boast superior performances and effectiveness across spectrums of commercial applications.

For media enquiries:

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

Neostra Technology Sdn. Bhd.
Mr.Lim Sow Wei
Deputy General Manager
E: [email protected]
Tel.: +607597 0504

Singapore-Based iMin Technology Enters Johor, Malaysia With New State-of-the-Art Production Facility

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A 14MWp rooftop solar PV system to be installed at Toyo’s main buildings facilities, the largest of its kind in Kamunting, Perak.
This allows TTM to offset 12,195 tonnes of carbon dioxide annually.
The allowable capacity for solar PV systems under the NEM and SELCO programme has raised from 75% to 85% of maximum demand, which encourage more companies to adopt solar energy.

Kuala Lumpur, 28 August 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has secured a new contract from Toyo Tyre Malaysia Sdn. Bhd. (“TTM”) to install a 14 megawatt-peak (“MWp”) rooftop solar photovoltaic (“PV”) system at its tyre manufacturing plant in Kamunting, Perak, the largest of its kind in the area.

Under the contract, the Group will undertake the engineering, procurement, construction, and commission (“EPCC”) works for the installation of solar PV system at the main buildings facilities covering a rooftop area of 96,000 square meters (“sqm”). With the expected generation of 14MWp of clean energy, it allows TTM to offset 12,195 tonnes of carbon dioxide annually.

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of Malaysian Investment Development Authority (“MIDA”), highlighted the strong dedication of TTM in maintaining sustainable operations. He emphasised, “As the world transitions to a low-carbon future and a greener economy, MIDA is taking steps to help businesses overcome the challenges and capture the opportunities on the green transition. We applaud TTM’s RE100 initiatives, which underscore their firm commitment to Environment, Social and Governance (“ESG”) principles within their corporate framework by collaborating with Solarvest to establish a rooftop solar PV system. This commitment aligns with our National Investment Aspirations (“NIA”) and the New Investment Policy “(NIP”), as well as the recently announced National Energy Transition Roadmap (“NETR”) which are crucial in nurturing sustainable growth and forging a greener future for Malaysia and rakyat.”

Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are delighted to have been chosen by TTM to undertake this project and appreciate the confidence they have placed in our technical expertise. With our knowledge and experience, we are confident in our ability to assist TTM in achieving optimal energy efficiency for the plant while ensuring timely project completion.”

“There is a growing interest in clean energy adoption, especially among commercial and industrial (“C&I”) players as corporate sustainability initiatives gain momentum and in anticipation of carbon pricing mechanisms. Our job pipeline remains strong with a tender book of approximately 2.2 gigawatts (“GW”) comprising large-scale power plants, C&I, and overseas projects. As a decarbonisation partner, Solarvest is committed to promoting energy transition through efficient renewable energy solutions and innovative green technologies” Mr. Davis concluded.

Following the Malaysian government’s commitment to encouraging energy efficiency and renewable energy transition, the allowable capacity for solar PV systems under the Net Energy Metering (“NEM”) and Self-Consumption for Solar PV Installation (“SelCo”) programmes had raised from 75% to 85% of maximum demand. TTM’s sustainability initiative is commendable as one of the first companies to adopt this new capacity limit, leading to the development of one of Perak’s largest rooftop solar PV systems.

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About Malaysian Investment Development Authority
MIDA is the Government’s principal promotion agency under the Ministry of Investment, 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 21 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific. The Malaysia-based company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest also owns renewable energy generation plants with a cumulative capacity of over 100MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, energy efficiency, low-carbon mobility, and renewable energy certificates.

Solarvest is listed on the Main Market of Bursa Malaysia. For more information, log on to https://solarvest.my

Released on behalf of Solarvest Holdings Berhad by Capital Front Investor Relations

For media enquiries, kindly contact:

MIDA
Mr. Nelson Samuel Wilson, Director of Green Technlogy
(E) [email protected]
(T) +603-22673635

Solarvest Holdings Berhad
Ms Khai Min Lim, Investor Relations Executive
(E) [email protected]

Ms. Yvette Foo, Senior Digital and PR Marketing Executive
(E) [email protected]

Solarvest Advances Toyo Tyre’s RE100 Initiative with Largest Rooftop Solar PV System in Kamunting, Perak

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Kuala Lumpur, 28 August – The Malaysian Investment Development Authority (MIDA) today announced the digitisation of three key certificates in the manufacturing sector: the Manufacturing Licence, Permit PDA Certificate and Pioneer Status Certificate. This initiative is part of MIDA’s ongoing digital transformation journey, which aims to streamline government processes and delivery systems as well as to improve the ease of doing business in Malaysia.

The digitised certificates will be available through the InvestMalaysia Portal (https://investmalaysia.mida.gov.my). This portal was launched in 2021 and has since assumed an important role in facilitating investments in Malaysia. The digitisation of these manufacturing certificates will further enhance the efficiency and accessibility of the InvestMalaysia Portal, making it easier for investors to obtain the necessary approvals and permits.

“The digitisation of manufacturing certificates within the InvestMalaysia Portal is a significant step towards modernising, rethinking and re-engineering public services. This improves the investor’s journey by offering a more inclusive, seamless, and personalised service, which is very much aligned to one of the objectives of the upcoming New Industrial Master Plan 2030. Through this digitalisation initiative, MITI, through MIDA are also aiming to contribute to improved accountability, transparency and cybersecurity, all of which will further reinforce Malaysia’s positioning as a digital hub for the region.” said YB Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI).

Datuk Wira Arham Abdul Rahman, CEO of MIDA said, “Through the implementation of an end-to-end automation application process, MIDA aims to achieve shorter processing time, improve our client charter commitment to investors, and complete our digital transformation goals in supporting the industry’s current and future needs. This is a statement of our ambition to better leverage data and harness new technologies, and to drive broader efforts to build a digital economy. It will allow MIDA to respond to investors’ needs more effectively. MIDA will continue to be innovative and lead the way with supportive facilitation that promotes ease of doing business.”

A standout feature of this initiative is the integration of the Digital Organisation Trustmark seal featuring both the renowned MITI Trustmark (featured in ML and Permit PDA certificates) and MIDA Trustmark (featured in Pioneer Status Certificate). These seals are seamlessly embedded onto the license certificates, strengthening the security of the document which aligns with the provisions of the Digital Signature Act (DSA) 1997 and the Digital Signature Regulation (DSR) 1998. Moreover, the digitally enhanced certificates will incorporate a secure QR Code, providing a means of verification that assures these documents’ authenticity, which users can scan using a verification tool.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, 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 21 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 X, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.

Media Contacts

MIDA
Mr. Norhizam Ibrahim
Director, Information Technology System Development Division
Email: [email protected]
Tel.: +603-2267 6611

MIDA’s Digitised Manufacturing Licence, Permit PDA and Pioneer Status Certificates to Enhance the Ease of Investors’ Business in Malaysia

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Dear InvestMalaysia Users,

Please note that we will be undergoing server maintenance, resulting in a temporary downtime, from 30th August 2023 (Wednesday) 7:00 pm to 31st August 2023 (Thursday) 8:00 pm.

During this time, the INvestMalaysia system will be unavailable. The maintenance is necessary to improve the performance and security of the system.

Thank you. for your patience and we sincerely apologize for any inconvenience this may have caused.

Notice of InvestMalaysia Server Maintenance

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MIDA has embarked on a digitisation initiative for its Manufacturing Licence, Permit PDA Certificate, and Pioneer Status Certificate. This is part of MIDA’s ongoing commitment to keeping up with the ease of delivery and ensuring that its online transactions are safe and secure.

The digitisation initiative includes strengthening the security and validity of documents through the use of digital trustmarks, namely the MITI Trustmark and MIDA Trustmark. These trustmarks will be embedded on these licence and certificates, and digital decision letters will be enhanced with a secured QR code. The digital documents can be verified for authenticity and integrity via eValidator, a mobile verification tool by Pos Digicert (available in the iOS App Store and Android Google Play). This also complies with the Digital Signature Act (DSA) 1997 and the Digital Signature Regulation (DSR) 1998.

The newly enhanced features will be made available through the InvestMalaysia Portal effective 1 September 2023 (Friday) via https://investmalaysia.mida.gov.my.

For any clarification, please do not hesitate to contact MIDA through the InvestMalaysia portal.

MIDA Embarks on Digitisation of Manufacturing Licence, Permit PDA, and Pioneer Status Certificates

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