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MIDA, MPC and Intel Taking AI Innovation to The Next Level for Education Institutions

Kuala Lumpur, 28 January 2022 – The Malaysian Investment Development Authority (MIDA), Malaysia Productivity Corporation (MPC) and Intel Malaysia today awarded Intel’s Artificial Intelligent (AI) Kits to five (5) local universities, namely Universiti Malaya, Universiti Sains Malaysia, Universiti Tunku Abdul Rahman, Universiti Tenaga Nasional and Asia Pacific University of Technology and Innovation.

To ensure a conducive learning environment for the youth, MPC, MIDA and Intel Malaysia are pushing to break the myth that digital technology is only for techies. Designed with innovation in mind, the ‘AI-based machine vision’ kits align with the growth of the emerging technologies by providing education institutions an avenue to equip future talents with AI skills.

This handover event is a continuation of Artificial Intelligence for Universities (AI4U) programme launched by the organisations in November 2021, to facilitate the building of their respective AI Labs among these institutions to cultivate computational thinking skills among students of various fields of study. This sponsorship opportunity will also enhance training and learning capabilities, initiate research in technology theories and design, and introduce intelligent computing and machine learning.

Dato’ Arham Abdul Rahman, Chief Executive Officer of MIDA in his welcome remarks, said “AI education unlocks collaborative and remote learning, giving communities of learners ubiquitous access to knowledge and self-development. MIDA aspires to emulate the success of the AI4U Programme to initiate multiple academia-industry collaborations because such initiatives are fundamental to our future. Besides creating high-value job opportunities, we are responsible for preparing our aspiring young technology innovators and leaders because they are crucial to nation-building in this technologically driven era. We hope today’s milestone will trigger new opportunities to emulate similar partnerships between premier universities and the corporate sector to enhance growth in AI-related research activities and commercial product innovation. Congratulations to everyone involved!”

The Director General of MPC, Dato’ Abdul Latif Hj. Abu Seman said MPC is delighted to collaborate with MIDA and Intel Malaysia in the AI4U programme. He remarked, “As technology evolves, employers are asking for graduates with different skills as well and higher education will need to respond accordingly. As we ramp up our efforts, we gave the education institutions a facelift to reflect our goals for an AI-driven future.”

The five (5) selected universities are expected to establish their respective AI labs, which will serve to empower students of all faculties to learn and experience AI. This programme is also designed to have the computer science faculty of the universities to be the peer trainer by their respective computer science students and lecturers to the rest of their faculty.

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

About MPC
The Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC’s vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.

For media enquiries, please contact:

MIDA
Aizah Abdullah
Director
Industry Talent Management and Expatriate Division
[email protected] | DL: +603-2267 3529

MPC
Huda Atiqah Samsir
[email protected] | DL: +6013 726 1950

Lee Wan Wei
[email protected] | DL: +6012 295 5105

MIDA, MPC and Intel Taking AI Innovation to The Next Level for Education Institutions


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Kuala Lumpur, 13 January 2022 – The Malaysian Investment Development Authority (MIDA) kickstarted their 2022 to build relationships in appreciating partners and stakeholders’ contribution towards MIDA in 2021. During their annual media appreciation and networking event, YBhg. Dato’ Arham Abdul Rahman, Chief Executive Officer of MIDA, thanked the unwavering commitment and support from the media team in helping MIDA highlight Malaysia’s potential as an investment destination in 2021 and shared a brief insight into the organisation’s theme for this year, “Rebuilding a sustainable economy through quality investment and strategic investment supply chain development in 2022”.

The Government, via MIDA, remains focused on attracting high-quality investments from foreign and domestic companies into Malaysia through various investment strategies and policy initiatives amid the COVID-19 pandemic.

From January to September 2021, Malaysia attracted RM177.8 billion approved investments in the manufacturing, services and primary sectors and generated 79,899 job opportunities. Within the first nine months of 2021, foreign direct investments (FDI) contributed RM106.1 billion, accounting for nearly 60 per cent of the total approved investments. The remainder, 40.3per cent or RM71.7 billion, were channelled from domestic direct investments (DDI), thanks to the existing and new aspiring local companies meeting the growing industrial needs of different MNCs.

Many Fortune 500 and local companies made pivotal decisions to leverage Malaysia’s role as a strategic supply chain hub with cost advantages and pro-business policies, a friendly economic environment and ASEAN trade and bilateral relations.

MIDA has consistently explored avenues to enhance its business processes, delivery and facilitation to further increase efficiency in supporting investors. Among the major initiatives undertaken by the Government to improve Malaysia’s investment environment include:-

a. One-Stop-Centre (OSC) Facilities
To facilitate the movement of short-term business travellers during the pandemic.

b. The Digital Investment Office (DIO)
A fully digital collaborative platform between MIDA and the Malaysian Digital Economy Corporation (MDEC) to spur the charge towards facilitating digital investments in Malaysia.

c. InvestMalaysia
A single gateway portal for approval of investment projects.

d. MIDA’s Project Acceleration and Coordination Unit (PACU)
End-to-end facilitation to all approved projects in the country, enabling speedy and efficient implementation.

e. MIDA Assessment Development Centre (MADC)
A collaboration initiative known as HyTalent Programme; a synergised effort between three (3) premier local universities that offer up-skilling and re-skilling programmes to local graduates and talented individuals to make them career and industry-ready.

f. The Intervention Fund (IF) and Smart Automation Grant (SAG)
To facilitate our local players’ technical competencies.

YBhg. Dato’ Arham Abdul Rahman shared, “We focused on accelerating the adoption and adaptation of digitalisation to transition brick and mortar hubs into “smart factories” to enhance flexibility and optimise productivity and growth remotely. We strive to ensure that Malaysia remains welcoming of investors by rolling out several game-changing measures to ease the challenges of operating businesses in the country while encouraging and facilitating the adoption of technology, innovation and research by companies. Looking towards 2022, MIDA encourages companies to accelerate the adoption of digitalisation and intensify research and development (R&D) activities to discover new technologies”.

Malaysia also focuses on pursuing more high quality, capital-intensive projects and those that support the sustainable development agenda of the nation. Aligning to the Shared Prosperity Vision (SPV) 2030 and the Twelfth Malaysia Plan (RMK12), the country has been securing new investments that align well with Malaysia’s National Investment Aspirations (NIA) and Environmental, Social and Governance (ESG) principles. The NIA is expected to propel Malaysia’s long-term growth through the flow of sustainable quality investment in new and complex growth areas.

To reflect this, MIDA has lined up targetted trade and investment missions (TIM) and Specific project Missions (SPM) to capture investments in high technology, innovation and research-driven industries that will complement the Malaysian industrial ecosystem. MIDA has a pipeline of 477 projects with proposed investments of RM33.3 billion in the manufacturing and services sectors within MIDA’s purview. These include aerospace, electronic vehicles, machinery and equipment, IC design, advanced electronics; advanced materials; fine chemicals; renewable energy such as photovoltaic; optics and photonics; display technology; petrochemical; pharmaceutical, medical devices, etc. food security.

“As the coordinating central investment promotion agency and a one-stop centre for potential investments, we look forward to working collaboratively with the relevant investment promotion agencies to harness the competitive strengths of every state within Malaysia.” added Dato’ Arham.

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

For further enquiries, please contact:

MIDA
Fatmah Ahmad
Senior Deputy Director
+603  2267 2428
[email protected]

Citrine One   
Edna Zacharias
Communication Director
+601 6355 4758
[email protected]

Citrine One
Jane Goh
Consultant
+601 3312 1027
[email protected]

MIDA Affirms Commitment to Building a Sustainable Investment Ecosystem for Malaysia in 2022


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Kuala Lumpur, 7 January 2022 — Micron Technology, Inc. (Nasdaq: MU), today announced an investment of RM1 million to strengthen collaboration, research and development (R&D) projects with local universities over the next five years. Funding will go towards grants supporting research in the areas of semiconductor materials, smart manufacturing and artificial intelligence which are key to the advancement of tech manufacturing in the country.

“Like all fellow Penangites, my colleagues and I are immensely proud of Penang’s achievements in the electronic and electrical industry. Yet to go further, we need partners who share our vision for Penang, and Micron is one of them,” said Yang Amat Berhormat Tuan Chow Kon Yeow, Chief Minister of Penang. “The RM1 million grant funding to local universities by Micron today further reinforces the company’s commitment to using its leadership, influence and resources to create positive change, on top of its relentless efforts in employee wellbeing, sustainability, and corporate social responsibility.”

“We are encouraged by Micron’s efforts and contribution to build a resilient semiconductor ecosystem that supports Malaysia’s competitiveness as the destination of choice for future investments,” said YBhg. Dato’ Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA). “For the past 50 years, MIDA has strived to position Malaysia as an international manufacturing hub whose holistic electrical and electronics ecosystem enables front-end and back-end semiconductor production, and this would not have materialised without the active contribution of the corporate sector. Besides advancing business growth, their involvement in universities’ academic curriculum development has been catalytic in grooming aspiring young technology innovators and leaders who are fundamental to this industry’s success. This partnership between Micron and Universiti Sains Malaysia (USM) is set to create new growth opportunities and we welcome such collaborations to transpire between other various institutors and companies.”

“Malaysia is critical to our global manufacturing footprint, and we hope the funding and knowledge transfer to local universities will strengthen the local semiconductor ecosystem, advance R&D and deepen science, technology and engineering skills in the local talent pool,” said Amarjit Singh Sandhu, Corporate Vice President and Country Manager of Micron Malaysia. “We aim to use our presence and influence to contribute to Malaysia’s economy, including generating quality jobs and increasing the country’s productivity, efficiency, and global competitiveness.”

USM is the first university partner to receive funding from Micron. The Memorandum of Understanding (MOU) between Micron and USM was signed during an official (virtual) ceremony by Amarjit Singh Sandhu, Corporate Vice President and Country Manager of Micron Malaysia and YBhg. Professor Dato’ Dr. Faisal Rafiq Bin Mahamd Adikan, Vice Chancellor of USM.

Witnessing the funding announcement and MOU signing ceremony were Yang Amat Berhormat Tuan Chow Kon Yeow, Chief Minister of Penang, and YBhg. Dato’ Arham Abdul Rahman, CEO of MIDA. Also in attendance were YBhg Professor Dato’ Ir. Dr. Abdul Rahman Bin Mohamed, Deputy Vice Chancellor of USM, YBhg. Dato’ Seri Lee Kah Choon, Special Investment Advisor to Chief Minister of Penang, and YBhg. Dato’ Loo Lee Lian, CEO of InvestPenang.

“I wish to thank Micron for giving USM the opportunity to be the first university partner to receive funding and hope that it will spur research and strengthen the collaborations between both organisations,” said YBhg. Professor Dato’ Dr. Faisal Rafiq Bin Mahamd Adikan, Vice Chancellor of USM. “The partnership between Micron and USM is in line with the focus area of the National Fourth Industrial Revolution’s policy, and supported by national policies such as the 12th Malaysia Plan and Wawasan Kemakmuran Bersama 2030.”

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

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2022 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

For more information, please contact:

MIDA Industry Talent Management and Expatriate Division
Aizah Abdullah
Director
+603-2267 3529
[email protected]

Micron Media Relations Contact
Erica Pompen
Micron Technology, Inc.
+1 (408) 834-1873
[email protected]

Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927
[email protected]

Micron Invests RM1 Million to Support Research at Local Universities


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Kuala Lumpur, 29 January 2021 – The United Nations Commission on Trade and Development (UNCTAD) has released earlier this week its latest Global Investment Trend Monitor report. It estimated that Global Foreign Direct Investment (FDI) flow fell by 42 per cent to an estimated USD859 billion in 2020 compared to USD1.5 trillion recorded in 2019. Almost all regions reported lower FDI in 2020, mainly due to the impact of lockdowns and a drastic decrease in the economic activities during the COVID-19 pandemic.

FDI flows to developing economies decreased by 12 per cent. The decline was reflected across all types of investments: greenfield projects (- 4 per cent), cross-border projects finance deals (-7 per cent) and cross-border M&A (- 4 per cent). FDI into South East Asia contracted by 31 per cent due to a decline in investments to the largest recipients in the sub region; inflows in Singapore fell by 37 per cent, Indonesia by 24 per cent, Vietnam by 10 per cent, Thailand by 50 per cent and Malaysia by 68 per cent.

The Government acknowledges that the FDI landscape has been and will likely remain challenging and highly competitive. As such, accelerating investments is a key priority in securing Malaysia’s growth recovery. In the recent period, efforts have been intensified to further attract and facilitate quality investments. Under PENJANA, the Government had announced several tax incentives to spur investment activity, including a 10-15 year tax exemption for new FDI in the manufacturing sector with capital investment of RM300 million or more. Measures to further improve investor experience, in particular, to ensure seamless investor facilitation will continue to be pursued on an ongoing basis. Specific initiatives that have been implemented include, amongst others, the establishment of the Project Acceleration and Coordination Unit (PACU) and various online platforms including i-Incentive to expedite the realisation of investments. The Government is also currently formulating a national investment strategy to attract high-quality investments that can meaningfully enhance Malaysia’s productive capacity, create high-skilled jobs, promote technology transfer and foster domestic linkages.

These efforts will further augment Malaysia’s attractiveness as an investment destination. As indicated by a recent joint study by KPMG and the Manufacturing Institute in the United States entitled “Cost of Manufacturing Operations around the Globe”, Malaysia was ranked fourth amongst 17 economies, which is ahead of countries in Asia such as China, Japan, Vietnam and India. The study validates Malaysia’s aspirations to become a global supply chain hub in the region. Further, MNCs are using Malaysia as a hub for treasury management services as well as a myriad of activities of related services.

Malaysia was also ranked second in terms of ease of doing business in ASEAN (12th globally) and for protecting investors according to the World Bank Doing Business Report 2020; fourth globally in handling the COVID-19 crisis according to Blackbox Research and Toluna; fifth amongst emerging economies as a key destination for investment and businesses, on the back of potential rapid economic recovery, stable fiscal and financial position and the ability to contain and alleviate the COVID-19 pandemic according to a recent report by Bloomberg.

Investment intentions remain healthy in Malaysia. Malaysia recorded a total of RM109.8 billion worth of approved investments in the economy (manufacturing, services and primary sectors) for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities. FDIs accounted for almost 40 per cent (RM42.6 billion). The realisation of these investments over the immediate to medium term will provide support to economic growth in 2021 and beyond.

The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5 per cent) or RM65.3 billion, followed by the services sector (39 per cent/RM42.8 billion), and the primary sector (1.5 per cent/RM1.7 billion). Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6 per cent compared to the corresponding period in 2019. FDI in the manufacturing sector particularly saw an increase of 3.2 per cent to RM39.4 billion.

Malaysia has attracted a fair share of multinational corporations in the high-end and high- technology industries. This includes Schmidt and Nephew from the United Kingdom that produces high-tech medical device products including knee and hip implants; similarly, a new project by Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Malaysia; LAM Research, a US global supplier of innovative wafer fabrication equipment and services to the semiconductor industry that chose Malaysia to expand its global footprint by establishing its advanced technology production facility in Pulau Pinang; LEM, a Switzerland-based electrical measurement company that will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors; MusicTribe, a US-based multinational leader for professional audio products and musical instruments, on the other hand, is leveraging Malaysia to set up an Industry 4.0-driven, fully robotised manufacturing facility in addition to their Principal Hub activities; and the most recently SK Nexilis, a Korean copper foil manufacturer producing electric vehicle batteries is another example.

Existing companies also continue to expand their operations in Malaysia, illustrating Malaysia’s on-going value proposition to investors. These include Eppendorf, a leading German life science company that established an integrated centre for their shared services hub, covering functions such as IT, HR as well as Finance and Controlling, for the Group’s operations in the Asia Pacific, Middle East and Africa; Bosch, an existing German company for setting up a manufacturing facility park for testing of semiconductor components and sensors; B.Braun, an existing German company, expanded its global test centre for medical devices due to strong talent capability in Malaysia; Wistron, the Taiwan-based company engaged in the research and development, design, manufacture and sale of E&E products; Western Digital, a US company and the third largest computer Hard Disk Drive (HDD), Solid State Drive (SSD) and flash memory devices manufacturer in the world announced their additional investments in Malaysia to design, develop and manufacture media and substrates for HDD; Nippon Electric Glass (NEG), a leading Japanese manufacturer of specialty glass has also expanded their production capacity of glass tubing for pharmaceutical use in Malaysia given the demand for its products following the vaccine roll-out.

Looking ahead, foreign investment into Malaysia is expected to be sustained at pre-COVID level as MIDA has identified 240 high-profile foreign investment projects in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion, that are being negotiated and targeted by Malaysia in 2021. Presently, MIDA has also received and evaluated RM47.7 billion worth of potential investments into the country. These projects, once approved, are expected to be implemented within the year 2021 to 2022.

Being located in the Asia Pacific rim and the centre of ASEAN, Malaysia continues to be an attractive investment destination. The availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries as well as a diverse pool of talents with skills and trainable workforce has been pull factors for investors to consider. Malaysia.

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About MIDA

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

For more information, please contact:
Ms. Choo Wai Meng,
Executive Director Strategic Planning (Manufacturing), MIDA.
Email: wmchoo @mida.gov.my | DL: +603-2267 3434

Ms. Roslina Othman,
Director, Investment Statistics Division
Email: [email protected] | DL: +603-2267 6650

Malaysia Remains Steadfast To Accelerate Quality Investments


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Kuala Lumpur, 27 January 2021 – In collaboration with Intel Malaysia, the Malaysian Investment Development Authority (MIDA) has successfully organised a Virtual Artificial Intelligence for SMEs (AI4S) on 27 January 2021. This virtual event is the continuation of the first Axiomtek Artificial Intelligence Starter Kit launch on 18 August 2020; which led Intel Malaysia to award the AI Starter Kits to 100 selected companies in Malaysia. These identified SMEs will go through a comprehensive technology enabling process and training that will empower them to implement pilot projects in their settings to jump-start the Artificial Intelligence (AI) or Industry 4.0 journey.

The AI Starter Kit was co-developed with Axiomtek to bring in the right Industry 4.0 technology for the local industries to adopt and benefit its results. Axiomtek is a leading design and manufacturing company in the industrial computer and embedded field, based in Taiwan. It has successfully gained global recognition for its innovative designs and outstanding customer satisfaction. Axiomtek has successfully partnered with Intel Malaysia to develop and deliver cutting-edge solutions and technologies for its clients.

During his keynote address, Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA, said “While the country is gearing steadily into the knowledge and digital economy, Industry 4.0 adoption is deemed crucial for business survival and growth in innovation-led value creation. There are untapped opportunities available for the business community, especially SMEs. We want more SMEs to step up to embrace new technologies in their business activity. We know that there are numerous local companies out there that are capable of AI technology adoption but are not aware of how and where to start.”

The AI4S event sealed Intel Malaysia as one of the industry captains in paving the way for the adoption of Industry 4.0 and supporting SMEs to build value within the domestic industry ecosystem and preparing Malaysia to rise among the regional leaders in Industry 4.0. In this collaborative engagement, Intel Malaysia has committed to provide technology, knowledge transfer and some hardware funds. Intel Malaysia, together with Axiomtek will also provide training, supervision and mentoring of the pilot projects implementation by each participating local company. Simultaneously, the Malaysia Productivity Corporation (MPC) will assist in coordinating the entire programme.

This initiative is also part of Intel’s onboarding to Malaysia’s Lighthouse Programme which is being pursued by MIDA. It aims to back industry leaders in accelerating the Industry 4.0 adoption to a scalable and impactful stage while also influencing the domestic ecosystem providers for similar transformation by facilitating them to address implementation barriers and overcome challenges.

Dato’ Azman also suggested, “Moving forward I have proposed Intel to explore in enabling the universities in Malaysia to adapt and prepare the future workforce to embrace AI once they enter the job market. This graduate skill would reduce the colossal learning curve in work fields, while saving employers’ precious time and resources in correcting them into expected abilities.”

The AI4S Programme is hoped to inspire other MNCs to emulate Intel’s good intention in contributing back to the industrial ecosystem in Malaysia and increase the value proposition for the benefit of domestic economy. MIDA seeks industry leaders and players to take the opportunity and leverage the numerous facilitations offered by the Government to embrace Industry 4.0. These include Automation Capital Allowance (ACA), Industry4WRD Intervention Fund, as well as Smart Automation Grant (SAG) for companies undertaking automation in their manufacturing and processes.

The webinar has successfully attracted an overwhelming crowd of more than 1600 participants across different platforms through live webinar, FB page and Youtube Channel.

The details pertaining to the Automation Capital Allowance (ACA), Industry4WRD Intervention Fund and Smart Automation Grant (SAG) are available in MIDA official website at www.mida.gov.my.

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About MIDA

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

For more information, please contact:

Mr. Norhizam Ibrahim
Director,
Advanced Technology and Research and Development Division, MIDA
Email: [email protected] | DL: +603 2267 6611

MIDA and Intel Malaysia continue initiative in driving Malaysia towards Industry 4.0


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Kuala Lumpur, 27 January 2021 – CIMB ASEAN Research Institute (CARI) in partnership with ASEAN Business Club hosted another webinar under its flagship Invest ASEAN series on ‘Italian Industry Expertise in Malaysia’.

The session featured Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA); His Excellency Cristiano Maggipinto, Ambassador of Italy in Kuala Lumpur; Luciano Pezzotta, Deputy Chairman of Eurocham Malaysia and Executive Board Member of the Italy Malaysia Business Association (IMBA); Lamberto Barbieri, Managing Director of CRIF Regional Headquarters (HQ) in Asia; Vincenzo Alaimo, Vice President of Asia Pacific, Global Sales of Leonardo Helicopters Division; and Dr Luciano Giorgi, Country Manager (Malaysia) of Maire Tecnimont and Chairman of Allied Elite Limited.

Moderated by Tan Sri Dr. Munir Majid, Chairman of CARI, the discussion emphasised on the recently signed Regional Comprehensive Economic Partnership (RCEP) Agreement providing an outstanding platform for multinationals to tap into the regional trading area that represents 30 per cent of the world’s Gross Domestic Product (GDP). Malaysia as a vibrant RCEP member provides significant trading and investment opportunities, including for the Italian businesses operating in the region.

Italian investments in Malaysia have ventured in various sectors such as oil and gas, petrochemicals, aerospace, and green and circular economy. Greater collaboration between Malaysia and Italy will further open Malaysia’s private sector to tap into Italy’s advanced technological expertise and expediting the momentum of Malaysia’s digital economy.

ASEAN as a growing trade and investment hub
Tan Sri Dr. Munir in his opening statement highlighted on Invest ASEAN series presenting an active forum for influential policymakers and corporate leaders to share and identify key opportunities for growth and development in the ASEAN region, apart from analysing the emerging trends on global business and markets.

“Notwithstanding the COVID-19-induced global slowdown, ASEAN remains a dynamic region. With a combined GDP of US$3.2 billion in 2019, ASEAN represented the fifth-largest economy in the world. As the central player of the RCEP Agreement, ASEAN offers global businesses to tap into the largest free trade agreement in the world. With 15 signatories, RCEP represents a market of 2.2 billion people and a combined GDP of US$26.2 billion,” said Tan Sri Dr. Munir.

He added, “On the other side of the equation, many of us may not realise that Italy is well above the EU average in the production and use of industrial robots and adoption of Industry 4.0 technologies such as the cloud, IoT and M2M (machine to machine) communications. It is the second largest manufacturer in the EU, after Germany. Its strong industrial base and awareness of digitalisation are something which ASEAN countries would want to be engaged with.”

Italy remains committed to Malaysia as a trading and investment partner
H.E. Cristiano Maggipinto stressed that Italy has pursued a strategy to strengthen relations with ASEAN. The commitment was also conveyed through the 53rd Session of the ASEAN Ministers of Foreign Affairs Summit, in which Italy’s candidacy as Development Partner of the Association was unanimously approved.

“This important outcome institutionalised our growing political, economic and social ties, giving us a prominent role in Southeast Asia. In this framework, Italy has given new depth to the relations with Malaysia, which represents one of the most relevant nation in ASEAN and offers a number of benefits that are not easily found in the region,” stated Ambassador Maggipinto.

He points out that despite the COVID-19 pandemic, bilateral trade between Italy and Malaysia in the first seven months of 2020 remained at similar level to 2019. Italian companies in Malaysia are operating in a wide range of sectors including oil and gas, defence and aerospace, construction, automotive, and chemicals.

Government undertaking major initiatives to drive investments into Malaysia
Dato’ Azman Mahmud shared that Malaysia continues to be a competitive investment destination despite the global uncertainties, with US$26.4 billion worth of approved investments in the overall economy in the first nine months of 2020. In fact Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6% in capital investments compared to the corresponding period in 2019; with FDI recording an increase of 3.2%. The Malaysian government is undertaking additional initiatives to drive foreign investments, such as easing operating of businesses through digitalising selected government services, providing new tax incentives for the pharmaceutical and services sectors, as well as implementing a One Stop Centre (OSC) to facilitate the entry of business travellers into the country.

“Malaysia’s economic structure and the solid macroeconomic management continue to support the country’s economic fundamentals as we advance into the new normal. As we move towards strategic diversification, particularly in high-value products and high-end services, the country offers vast opportunities for Italian investments in high-quality machinery and equipment, aerospace, green technology, automotive technologies, and industrial design. MIDA is optimistic that more quality investment will be coming to Malaysia in the coming years,” said Dato’ Azman Mahmud.

Dato’ Azman also urged Malaysia’s private sector to leverage upon Italian technological expertise to help facilitate Malaysia’s digital economy, which is expected to grow by 21% between 2020 and 2025, reaching an estimated US$30 billion gross merchandise value (GMV) by 2025.

For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid
Director of Foreign Investment Promotion Division Division, MIDA
Email: [email protected]
DL: +603 2267 6633

Mr. Jukhee Hong Executive
Director CIMB ASEAN Research Institute (CARI)
Email: [email protected]

About MIDA

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

About CARI
CIMB ASEAN Research Institute (CARI) was established in 2011 by CIMB Group. CARI is the first independent, transnational research institute dedicated solely to the advancement and acceleration of ASEAN integration.

ASEAN as an Investment Hub: Italian Businesses Eye Malaysia as the Gateway to Opportunities Arising Regional Comprehensive Economic Partnership (RCEP)


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SABAH, 26 JANUARY 2021 – SK Nexilis, a copper foil producer for electric vehicle (EV) battery manufacturer SKC, has announced its first overseas production base to be in KKIP Industrial Complex, Kota Kinabalu, Sabah, Malaysia.

With proposed investments of approximately South Korean Won (KRW) 650 billion (RM2.3 billion), the Company looks to construct a copper foil manufacturing facility with an annual production capacity of 50,000 tons.

The facility’s construction will tentatively begin in the first half of 2021 and commercial operations to kickstart by 2023. Once in operations, the new facility will increase SK Nexilis’ copper foil production capacity by three times its current global capacity to about 100,000 tons.

SK Nexilis boasts of as world No.1 technology in manufacturing copper foil for batteries. The Company has an industry reputation for building among the best copper foil factories.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) welcomed the Company’s announcement, “The Government is pleased that a subsidiary of a Fortune 500 company has chosen Malaysia as its first overseas investment location. This is one of the many success stories where MIDA has facilitated to bring quality investments into the country. As a global leader in thin-tech innovation for copper foil manufacturing, we believe SK Nexilis’ presence will attract more investors to complete Malaysia’s EV battery manufacturing supply chain network, making us a hub for high precision and high quality copper foil for niche applications.”

“Indeed, this investment will also boost Malaysia’s talent network and capabilities through initiatives with domestic universities and technical institutes. Despite the ongoing pandemic, MIDA continues to draw high technology investment such as these into the country to provide tangible opportunities for innovation and local supply chain development. This is value creation which will boost our local industry’s ecosystem and competitiveness,” added Dato’ Seri Azmin.

The Company has already improved productivity by enhancing its fourth (4th) factory facility in the Korea, which began its commercial operation this year, by strategically including wireless vehicles and robots. SK Nexilis looks to upgrade further its fifth (5th) and sixth (6th) factories in Korea as well. It will introduce state-of-the-art automation in its Malaysian facility, by integrating the world’s best technology and its know-how from enhancements made to its factories in South Korea; building the world’s best copper foil production facilities in Malaysia.

Notably, the proposed facility in Malaysia will also fully implement the RE100 initiative, an initiative towards committing to 100 per cent renewable electricity, for the first time in the industry. This move is part of the Company’s proactive response to requests from major global customers who want to increase the proportion of RE100 materials within their supply chain.

Six (6) of SK Group companies, including SK Nexilis’ parent company, SKC, are currently promoting RE100; the Group was the first member of RE100 initiative in Korea. Hence, this facilities’ RE100 undertaking will further strengthen its Environmental, Social, and Corporate Governance (ESG) Management.

In particular, Malaysia’s KKIP Industrial Complex, became the apparent choice for SK Nexilis’ investment in the region given its advantage in terms of power supply, which is key to copper foil manufacturing. Malaysia provides the most stable and competitively priced electricity supply among its Southeast Asian counterpart. The selected site also has excellent infrastructure such as gas and water and high accessibility to ports and large international airports which are required for exports.

SK Nexilis is also considering further investments in Malaysia, Europe and the United States to quickly respond to the rapidly growing EV market. According to SNE Research, the EV market will increase by 41 per cent annually and the battery market by 38 per cent by 2025.

An official from SK Nexilis shared, “We will be able to respond more quickly to customer requests by establishing a production facility in Malaysia with the best technology to produce the world’s thinnest copper foil for secondary batteries. This facility will also have the technological capabilities to produce various specialised products as per our customers’ requests.”

He added, “By entering Malaysia, SK Nexilis will secure cost competitiveness and reinforce our ESG management such as implementing RE100, while accelerating global expansion with additional investments. This will solidify our position as the global No. 1 copper foil manufacturer.”

SK Nexilis is currently in the midst of submitting their application for Manufacturing Licence to MIDA.

Picture 1: SK Nexilis Jeongeup Plant
Picture 2: Copper foil manufactured by SK Nexilis

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

About SK Nexilis
SK Nexilis is a global No.1 company in producing Copper foil for batteries, a core material for lithium-ion batteries, and supplies its products to major EV and battery companies around the world. Established in Jeong-eup, South Korea in 1996, SK Nexilis is running its business as a member of SK Group after several mergers and acquisitions. For more information, please visit www.sknexilis.co.kr

For more information, please contact:

Mr. Jeyasigan Narayanan Nair
Executive Director
Machinery and Metals Division, MIDA
Email: [email protected]
DL: +603-2267 6711

Ms. Jiwon Ahn
Manager
Communication Team, SKC
Email : [email protected]

SK Nexilis Announces Its First Overseas Investment in Malaysia


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26th January 2021, Kuala Lumpur – The Ministry of Environment and Water (KASA) today announced impressive gains from the successful 11th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2020), the first virtual edition held in October 2020; solidifying IGEM’s role as South East Asia’s most powerful green technology, business and innovation platform.

Themed “Energising Sustainability”, IGEM 2020 delivered beyond two-fold of target business leads of RM1.6 billion; achieving a pipeline of RM3.4 billion investment interest. These leads have been computed from the RM3.08 billion potential investments from 64 projects recorded by the Malaysian Investment Development Authority (MIDA) and RM339 million in potential exports recorded by the Malaysia External Trade Development Corporation (MATRADE), during MATRADE’s International Sourcing Program (INSP).

The IGEM 2020 Virtual platform which featured 161 exhibitors registered more than 15,000 visitations from 79 countries and clocked up to 10,000 participants engaging in the 55 conference sessions and 77 pocket talks, throughout the event from 19-23 Oct 2020.

Yang Berhormat Dato’ Sri Tuan Ibrahim Tuan Man, Minister of Environment and Water said, “It is indeed a commendable feat that IGEM 2020 has surpassed its targets, despite being held virtually for the very first time and against a backdrop of global economic uncertainty. This reinforces KASA’s commitment to expand drive and growth of the green technology sector as an important engine in developing Malaysia’s economy.”

“As we continue to recover and build, I urge budding green entrepreneurs and key industry leaders to explore how we can work together and further build partnerships for a greener and sustainable economy in the year 2021,” he added.

Given the success of virtual IGEM 2020, the Minister announced that IGEM 2021 will take on a virtual platform again and offers sponsors, exhibitors, participants, as well as all other stakeholders’ greater visibility, flexibility, and opportunities to work with the Ministry in catalysing growth in the national, regional and global green economy. IGEM 2021 may run over a period of 6 months to create more value and opportunities to its exhibitors and visitors.

Targeting RM2 billion in business leads with 200 exhibitor booths and over 10,000 visitors from 20 countries this year, IGEM 2021 will also see the reaffirmation of investment strategic partner, MIDA and business-matching partner, MATRADE to organise the much-in-demand business matching sessions for the twelfth consecutive year.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “We are indeed proud that the targeted RM1.6 billion business leads for IGEM 2020 have been reinforced with new projection of RM3.08 billion investment in Renewable Energy (RE), Energy Efficiency (EE), Solar Leasing, Integrated Waste Management, Green Building and manufacturing sectors. The Renewable Energy segment for waste management has gained highest investment leads of RM1.75 billion (57%), followed by RM814 million (26%) interest in Renewable Energy for mini hydro.”

“Starting from 2016 until September 2020, MIDA has also approved 1,317 green technology projects with investments amounting to RM18.55 billion, as well as 63 specialised green service companies with a total proposed operational expenditure of RM318.51 million, under the incentives of Green Technology. This exuberant indicator points to potentially stronger investment flows in the areas of green technology within our country.” he added.

IGEM 2021 Virtual will be co-organised by the Malaysian Green Technology and Climate Change Centre (MGTC), the lead agency for KASA in charge of developing and implementing new programmes on green growth, climate change mitigation and climate change adaptation; in line with the nation’s green agenda.

Shamsul Bahar Mohd Nor, Chief Executive Officer of MGTC added, “With another triumphant year for IGEM, we look forward to IGEM 2021, which will be held on a bigger scale through the hosting of international exhibitors, regional delegates, industry and thought leaders physically here in Malaysia, as well as reaching out globally to the larger community of international green entrepreneurs via the virtual platform.”

“From our experience in co-organising IGEMs and as demonstrated by the results announced today, the green economy continues to thrive both in Malaysia and globally. In view of the countless possibilities yet to be unearthed within the sector, I think it is truly very exciting to witness how green economy will shape a more environmentally sustainable and economically stable Malaysia in the coming years,” he concluded.

IGEM 2021 Virtual will kick-off on 1st July 2021 till 31st Dec 2021. For further details, please visit www.igem.my.

About Malaysian Green Technology and Climate Change Centre (MGTC)

Formerly known as Pusat Tenaga Malaysia (PTM), Malaysian Green Technology Corporation (MGTC) was restructured in April 2010 and was under the purview of the Ministry of Energy, Green Technology and Water (KeTTHA) until 2018. Assuming the role of the country’s lead agency, MGTC focuses on catalysing the green technology agenda in line with the aspirations of the National Green Technology Policy 2009.


MGTC was under the purview of the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) from 2018 until early 2020. MGTC is currently helmed by the Ministry of Environment and Water (KASA) and now known as the Malaysian Green Technology and Climate Change Centre. MGTC develops and implements programmes on green growth, climate change mitigation and climate change adaptation.About Malaysian Investment Development Authority (MIDA)

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

For more information, please contact:

MIDA
Ms. Wan Hashimah Wan Salleh
Director, Green Technology Division
Email: [email protected]
Telephone: 03 – 2267 3540

MGTC
Zaid Karim Shaari
Director, Green Promotion
Malaysian Green Technology and Climate Change Centre
Email: [email protected]
Mobile: 012 – 2977625

For media enquiries:
Intan Syazwani Isa
Head, Corporate Communication
Malaysian Green Technology and Climate Change Centre
Email: [email protected]
Mobile: 012 – 7023110

Virtual IGEM 2020 Garnered RM 3.4 Billion Business Leads


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Kuala Lumpur, 18 January 2021 – AmBank has inked a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to offer Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) the opportunity to be part of MIDA’s Smart Automation Grant (SAG).

This partnership between AmBank and MIDA aims to help companies refine their knowledge particularly SMEs and MTCs on matters relating to automation and digitalisation. AmBank will be undertaking a series of simulation trainings and classroom sessions that are specifically designed to help companies identify business pain points and prioritise automation and digitalisation solutions.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, said that “The collaboration between MIDA and AmBank complements our goal to create awareness and financial guidance to assist Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) to automate and digitalise their operations and production process. This will be realised toward the co-implementation of the Smart Automation Grant and the ongoing AmBank BizRACE programme.”

He also added that “Understanding the needs of investors, SAG will not only improve Malaysia’s industrial competitiveness and capabilities but also reduce our reliance on low-skilled foreign workers while creating new job opportunities in high value-added sectors. We trust that this partnership will result in driving Malaysia’s businesses and accelerate economic growth towards continuous adoption of automation and digitalisation.”

The SAG initiative is part of the RM100 million allocation approved within the National Economic Recovery Plan or PENJANA, launched by the Senior Minister and Minister of International Trade and Industry (MITI) on 2 December 2020. This grant will be awarded to eligible SMEs and MTCs on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company.

Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, said, “We are pleased to be the first bank to collaborate with MIDA to provide much needed assistance to SMEs and MTCs. This assistance is particularly timely given the challenging business landscape we are faced with today. Through this collaboration, we are able to share our expertise and resources with these companies to help them future-proof their businesses.”

“This initiative will be part of the AmBank BizRACE programme to develop our clients in the key areas of IR 4.0, digitalisation and the halal industry, which is in line with AmBank’s sustainability agenda. At AmBank, we believe in going beyond financing to help our customers compete better. The AmBank BizRACE programme provides a platform for SMEs to have a head start in driving new revenue streams, new products, upskilling their talent and driving efficiency by adopting digital and automation solutions. This is part of our push to help SMEs reset and revive their businesses that have been impacted by the COVID-19 pandemic.”

SMEs and MTCs that have been undertaking manufacturing or services activities in the past 12 months are eligible to be considered for SAG. To qualify for the incentive, the automation machine, equipment or software purchased through this grant must be utilised directly in the company’s value chain to improve their productivity and efficiency. Improvements will be assessed on a range of criteria such as the reduction of unskilled workers, man-hours, defect rate as well as the increase in production volume. Interested stakeholders can submit their application to the various industries and services divisions in MIDA.

To find out more about the Guidelines of SAG please visit:
https://www.mida.gov.my/wp-content/uploads/2021/01/GD_SAG22122020.pdf


About MIDA

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

About AmBank Group

AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia. We have over three million customers and employ over 9,000 people. The Group was listed on the Main Market of Bursa Malaysia in 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM9 billion and assets of RM169.2 billion as at 31 March 2020. AmBank Group serves over three million individual and corporate customers. It provides services in wholesale banking, retail banking, business banking, investment banking and related financial services which include Islamic banking, underwriting of general insurance, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts. For more information, please visit www.ambankgroup.com

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


Mr. Syed Anuar Syed Ali
Executive Vice President, Group Corporate Communications & Marketing, AmBank (M) Berhad
Phone : +603 2036 1703
Email : [email protected]

AmBank Inks MOU With MIDA on Smart Automation Grant for SMEs and MTCs


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MEDINI, JOHOR: Japanese Conglomerate, the SANKYU Group is set to build its first Human Resources Training Centre outside of Japan in the Medini Central Business District, Iskandar Puteri, Johor. With over 30,000 employees globally and 41 overseas subsidiaries of the Sankyu Group, Medini will be among the global centres for diverse personnel worldwide, being trained in Malaysia. The centre is set to begin operations in 2022.

The groundbreaking ceremony held today in the Medini Central Business District (Medini CBD) was remotely officiated by the Mayor of Iskandar Puteri, Yang Berhormat Dato’ Haji Salehuddin Bin Haji Hassan; SANKYU Southeast Asia Holdings’ Managing Director, Mr Junichi Matsumura; Chairman of Medini Iskandar Malaysia Sdn Bhd (MIMSB), Yang Berbahagia Datuk Ir Khairil Anwar Ahmad, and Head of MIMSB, Tuan Haji Mohamad Zamani Razali.

The event was held via a video conferencing platform whereby only essential construction and operations staff were onsite as per the recent Movement Control Order (MCO) restrictions.

This announcement comes on the heels of the Company’s statement in August 2020 to build a logistics centre at the Straits of Malacca. The Centre situated in Port Klang will be the hub for shipments from Japan and East Asia transiting to the Middle East and Northern Europe.

“Malaysia continues to be a strategic hub in the region for SANKYU; this is evident in our continuous investments and developments of critical infrastructure in the country,” said Mr Junichi Matsumura.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), the government’s lead agency in overseeing and driving investments into the manufacturing and services sectors in Malaysia welcomed SANKYU’s latest undertaking. He said, “SANKYU’s training centre in Malaysia will be its first in South East Asia. Our country continues to be the strategic choice selection of multinationals in the region, given our dynamic transition into high-end services to support and flourish our diversified economy.”

“MIDA is optimistic that this training centre in Malaysia will bring positive economic benefits in terms of job creation, transfer of technology and know-hows through training. This will ultimately create new opportunities for local businesses and vendors. As partners to investors, MIDA will continue pushing for strategic collaborations between foreign and local companies to propel mutually beneficial outcomes, ensuring a sustainable ecosystem for business entities in the country, not only in the present but for the future.”

Globally, the SANKYU Group practices a unique business model that organically blends plant engineering, logistics and operational support; their integration of these interrelated components is unrivalled in the world. In Malaysia, SANKYU serves a broad cross-section of businesses and industrial customers, ranging from steel plants, petroleum refineries, automotive, power plants as well as electrical and electronics manufacturers.

Attending the groundbreaking ceremony today the Mayor of Iskandar Puteri, Yang Berhormat Dato’ Haji Salehuddin Bin Haji Hassan, conveyed: “We are pleased and excited with the groundbreaking today. It is the beginning of the many initiatives that are coming to fruition after years of perseverance by Medini Iskandar Malaysia Sdn. Bhd., Iskandar Investment Berhad, the State government and its various agencies. The SANKYU Group has been a long-time investor in Malaysia since the 1960s with businesses all over Malaysia. Today we are proud and delighted to welcome SANKYU Group’s investment into Medini, Iskandar Puteri. We are sure that SANKYU Group will benefit from the state-of-the-art infrastructure and the network of business ecosystem readily available in Medini”.

The Medini CBD recently received recognition from the State government and the Chief Minister, Datuk Ir. Hasni Bin Mohammad as the Johor’s Hub for Digital Technology and Emerging Technologies. During the 2021 state budget tabling in November 2020, the CBD also obtained funds to accelerate its strategic hub’s development.

As a Digital and Emerging Technology Hub Medini CBD initiatives include a Blockchain Village and South East Asia’s first drone and robotics zone (DRZ Iskandar). Medini CBD hosts prominent companies in the games design industry. Among notable Japanese companies that have already set their footprint here to include OK Blockchain Centre, a subsidiary of OK Wave Group; Deluxe Games, and Okakichi. Their presence has created a demand for highly skilled workers both for local and foreigners, backed by the recent boost from the Johor State government to accelerate growth for the Medini CBD to welcome more companies to take advantage of this unique opportunity.

Head of MIMSB, Tuan Haji Mohamad Zamani Razali said, “The groundbreaking ceremony today marks an important milestone for Medini, as we continue to attract many prominent and reputable tenants. SANKYU is the first of many developments we have been working hard on under the Iskandar NEXT initiative which focuses on the new economy, experience and talent; in addition to the recent relocation of Kumpulan Prasarana Rakyat Johor Sdn. Bhd. (KPRJ) and Suruhanjaya Perkhidmatan Air Negara (SPAN), we are optimistic for the future vision for the Medini CBD as a strategic hub for Johor and Malaysia.”

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About Medini Iskandar Malaysia Sdn Bhd

Medini Iskandar Malaysia Sdn Bhd (“MIM”) is the master planner and master developer of the 2,230- acre urban township Medini, located in the heart of Iskandar Puteri. A Central Business District of Iskandar Puteri, Medini offers incentives uniquely available to Medini. MIM welcomes investors who are seeking investment opportunities in a prime destination strategically located near Singapore.

Established in 2007, MIM is owned by Jasmine Acres Sdn Bhd (60%), United World Infrastructure (20%) and Mitsui & Co. Ltd (20%). MIM’s largest shareholder, Jasmine Acres, is jointly owned by Khazanah Nasional Berhad and Iskandar Investment Berhad.

For more information, visit www.medinicbd.com

About SANKYU

The Sankyu Group has established a unique business model organically blending plant engineering, logistics and operational support, which stands unrivalled in the world. The Sankyu Group provide total support to customers from the planning stage for new facility project through the design, construction, transportation of heavy loads and installation to the final test run. Furthermore, the Sankyu Group has created a reliable system, by which every aspect of a client’s logistical needs are met, including operational support, facility maintenance, procurement, material handling for production and sales of finished product.

About MIDA

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

For media inquiries, please contact:

MR. AZLAN AKIL
Strategic Communications – Iskandar Investment Berhad
Email : [email protected]
Mobile No : 019-771 3189

MR. MUHAMED SHAFIQUE MOHAMED IQBAL
Strategic Marketing – Medini Iskandar Malaysia Sdn Bhd
Email : [email protected]
Mobile No : 019-334 7622

MS. WAHIDA ABDUL RAHMAN
Healthcare, Education & Hospitality Division, MIDA
Email : [email protected]
Mobile No : 03-2267 6622

Sankyu Continues Its Expansion in Malaysia: Japanese Conglomerate Sankyu Announces Its Sankyu Technical Academy to be based in Medini, Iskandar Puteri, Johor


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Infographic: 2020 Announcements of High Value Investments


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Kuala Lumpur, 14 January 2021 – Volkswagen Group, one of the world’s leading automotive manufacturers based in Wolfsburg, Germany, has set up its new regional Parts Distribution Centre in Port of Tanjung Pelepas, Malaysia. The strategically located facility aims to provide a robust genuine parts supply chain to 21 markets in the Asia Pacific region.

With this larger facility of 50,000 square metres, the new regional Parts Distribution Centre can now store more parts than its predecessor and thus extend the range and depth for better parts availability. There are approximately 65,000 genuine parts of the Group’s brands of Volkswagen Passenger Cars, Audi, ŠKODA, and Volkswagen Commercial Vehicles.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), commented, “Volkswagen Group follows the increasing trend of the establishment of Global and Regional Distribution Hubs in Malaysia by companies in industries such as automotive, life sciences and medical devices, electrical and electronics, and machinery and equipment. These companies seek to tap on Malaysia’s strategic location as well as our efficient and reliable infrastructure such as ports, airports and financial institutions, allowing them to improve operational efficiency and optimise product and service quality and speed for their customers. Robust connectivity is paramount in enabling their investment and human capital to flow more freely across borders.”

Dr. Christian Dahlheim, Head of Volkswagen Group Sales, said: “The Asia Pacific Region offers a lot of growth potential for the Volkswagen Group, especially when it comes to e-mobility. Our electric product range already consists of very attractive models like the Volkswagen ID.3 and ID.4 as well as the Audi e-tron that is fast growing. Apart from the vehicles, a strong After Sales performance is key for customer satisfaction. Malaysia offers a central and well-connected location which perfectly suits our plans to expand our foothold in the region.”

The new site offers improved distribution and process efficiency. Located in the free trade zone with direct port connectivity, the warehouse processing is enhanced by as much as 15 per cent. Moreover, the prime location is well linked to the air hubs and roads, enabling better hub-and-logistics flow and faster cargo turnaround.

The new facility is also customised to Volkswagen Group’s requirements, where storage systems like semi-automated paternoster and vertical narrow aisle are built for better warehouse space and process optimisation. In addition, value-added service is now offered to its customers, such as repacking and relabeling at retail level for the ease of dealer distribution.

“Our new Parts Distribution Centre in Malaysia undoubtedly strengthens Volkswagen Group’s global After Sales supply chain – a key milestone in providing improved genuine parts delivery to our customers in Asia Pacific,” said Mr. Roman Havlásek, Head of Group After Sales. “The Malaysian Government, through the Malaysian Investment Development Authority (MIDA) greatly supported our relocation to Malaysia. We were pleased by the ease of implementing our project here and the assistance given by the team at MIDA.”

The strong fundament of the Parts Distribution Centre made it possible for Volkswagen Group to overcome the challenges brought about by the COVID-19 pandemic in the region so far. Mr. Marco Beitien, Director After Sales for the Volkswagen Group Regional Office in Asia Pacific, said “Despite the unprecedented COVID situation, the Malaysian Government swiftly implemented measures to enable business continuity within the safety of workers and community, which is also our top priority. This allows us to maintain stable parts supply in the region to support vehicles of the Volkswagen Group used in the essential industries like ambulances and security vehicles, even during the critical phase.”

Global supply chains have enabled many MNCs to oversee their operations in different parts of the world with ease, infusing efficiency into business operations.

The Global Trading Centre (GTC) scheme was announced in the Budget 2021, as part of Malaysia’s strategy to further encourage companies, both MNCs and local companies alike, to establish their global and regional distribution hubs. MIDA welcomes investments such as Volkswagen Group that strengthen the linkages within the local industry, create jobs for Malaysians and enhance Malaysia’s positioning as a Global Supply Chain Hub.

The GTC scheme is an enhanced, comprehensive scheme which provides a tax incentive and facilitation to ease import and export activities and aims to support companies in key manufacturing and services sectors venturing into procurement, distribution and trade activities to further strengthen their global supply chain.

Interested stakeholders may obtain more information by contacting the Business Services and Regional Operations Division at MIDA or visiting the MIDA website at www.mida.gov.my.

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About MIDA

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

About Volkswagen Group

Based in Wolfsburg, Germany, the Volkswagen Group is one of the world’s leading automotive manufacturers, and the largest car maker in Europe. The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. The passenger car portfolio ranges from small cars all the way to luxury-class vehicles. Ducati offers motorcycles. In the light and heavy commercial vehicles sector, the products range from pick-ups to buses and heavy trucks. Every weekday, 671,205 employees around the globe produce on average 44,567 vehicles, are involved in vehicle-related services or work in other areas of business. The Volkswagen Group sells its vehicles in 153 countries.

In 2019, the total number of vehicles delivered to customers by the Group globally was 10.97 million (2018: 10.83 million). The passenger car global market share was 12.9 percent. Group sales revenue in 2019 totalled EUR 252.6 billion (2018: EUR 236 billion). Earnings after tax in the fiscal year now ended amounted to EUR 14.0 billion (2018: EUR 12.2 billion).

For more information, please contact:

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

Mr. Christoph Oemisch
Volkswagen AG
Corporate Communications
Spokesperson Finance & Sales
Email: [email protected]

Volkswagen Group Strengthens Its Parts Supply in Asia Pacific through the New Regional Parts Distribution Centre in Malaysia


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Chairman of MIDA receives a courtesy visit from Ambassador of the Federal Republic of Germany

Kuala Lumpur, 8 January 2021 – The Malaysian Investment Development Authority (MIDA) kick-started the year 2021 with a courtesy visit from the newly appointed Ambassador of the Federal Republic of Germany to Malaysia, His Excellency Dr. Peter Blomeyer.

Germany has been Malaysia’s largest foreign investor from the European Union. As of June 2020, a total of 461 manufacturing projects with German participation have been implemented with total investments of USD9.36 billion (RM33.31 billion). The projects have created 47,277 jobs.

Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA said that “His Excellency and I discussed a host of prolific issues that need attention for both countries to continue its goods-to-people mobility, despite the continuing pandemic concerns. The closely-linked business communities from both sides urgently need to commute with the acceptance of stringent SOPs in place. MIDA has been working tirelessly with the embassies and foreign chambers to ensure that investors are provided adequate assistance to the necessary approval and access to make well-informed investment and business decisions across various markets.”

At the meeting, His Excellency Dr. Peter Blomeyer highlighted that existing German companies operating here find Malaysia as an attractive hub in Asia Pacific. In addition, the German business communities also welcome the decision to exempt advertising requirement for positions namely investors, company owners, C-suites, expatriates for Regional Offices as well as for intra-company transfers.

His Excellency also wished to explore collaboration with local training institutions in boosting their training capabilities and facilities in human capital development by offering German Dual Vocational Training (GDVT) programmes in Malaysia.

Furthermore, His Excellency reiterated his team’s support for the business continuity of existing German companies as well as to encourage more German companies to expand their overseas operation as Malaysia is one of the most developed and matured manufacturing and related services countries in the region. This ecosystem provides a competitive advantage for the German companies’ to locate their projects in Malaysia.

Dato’ Abdul Majid also briefed on MIDA’s plans to organise a Trade and Investment Mission and working visit to Europe including Germany once the border controls are streamlined and opened for business travellers.

The Chairman of MIDA expressed the Government’s commitment to facilitate smooth business operations, including German investment in Malaysia. Strong commitment from both institutions is essential in attracting quality investments for high value-add, capital-intensive and knowledge-intensive projects.

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About MIDA

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

For more information, please contact:
Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid
Director, Foreign Investment Promotion Division, MIDA
Email: [email protected] | DL: +603 2267 6633

Malaysia Remains a Competitive Investment Location for German Companies


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Approval for Manufacturing Companies in Essential Services to Operate During the MCO Period


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Kuala Lumpur, 12 January 2021 – Following the Movement Control Order (MCO) announced by YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia effective 13 January 2021 to contain the COVID-19 outbreak, the Malaysian Investment Development Authority (MIDA) will continue its operations with reduced headcount at MIDA Sentral, to assist businesses in their operations.

In prioritising all staff’s safety while also minimising disruptions to services and operations of businesses, MIDA officials will be working from home on a rotation basis. Stakeholders are encouraged to leverage on various technology tools available for remote communications or virtual meetings such as video conferencing and conference calls.

Online engagement for business enquiries can be arranged through https://appointment.mida.gov.my/appointment/ where else general enquiries may be submitted at https://investmalaysia.mida.gov.my/eTRANS_TH/LoginCS.aspx. MIDA officials, particularly the Directors and Deputy Directors, can also be easily contacted through their respective emails at https://www.mida.gov.my/contact-us/.

Delivery of documents by mail or courier service is encouraged to reduce physical contact at MIDA.

For further updates, please visit www.mida.gov.my or follow MIDA on social media platforms, namely Twitter, Instagram, Facebook and LinkedIn.

– END –

ABOUT MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era.

For more information, please contact:
Ms Manjit Kaur
Director, Corporate Communications Division, MIDA
Tel.: 03-2267 3509 | Email: [email protected]

MIDA to Continue Facilitating Investors and Businesses during Movement Control Order (MCO)


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Indian Entrepreneurs Urged to Leverage on Programmes & Facilities Provided by the Government

22 January 2018, Kuala Lumpur – “Notwithstanding our presence of more than 50 years in charting the industrial development of the country, there is still a lack of awareness on MIDA’s function in assisting and facilitating domestic companies as well as SMEs, especially among the Indian businessmen. Through today’s engagement, we hope to deepen our engagement with the Indian business community, which forms an integral part of local companies in the country,” said YBhg. Datuk N. Rajendran, Deputy Chief Executive Officer (DCEO) of MIDA during the exclusive media session with the Indian press held today.

“The Government has long recognised the capabilities and prospects of local companies in driving the economic growth of the country. For the first nine months of 2017, Malaysia recorded a total of RM113.5 billion worth of approved investments from 3,886 projects in the manufacturing, services and primary sectors. More than 73.5% of the approved investments were from local sources. Thus, we would like to urge more local companies, including those owned/managed by Indian entrepreneurs to come on board by leveraging on the programmes and facilities provided by the Government. Among them include the Domestic Investment Strategic Fund (DISF) that aims to accelerate the shift of Malaysian-owned companies in targeted industries to high value-added, high technology, knowledge-intensive and innovation-based industries. As at December 2017, a total of 270 projects with investments amounting to RM13 billion have been approved grants totaling RM1.3 billion under this fund,” added Datuk N. Rajendran.

The DCEO of MIDA also commented that Indian entrepreneurs should align their operations with Industry 4.0 by adopting automation and smart manufacturing that will increase productivity and competitiveness as well as reduce dependency on foreign labour. “Throughout 2017, MIDA organised several programmes to create awareness on the Industry 4.0. We will continue to undertake such programmes this year to disseminate information on available facilities to assist local companies in undertaking this venture such as the Accelerated Capital Allowance (ACA) for automation expenditure. For ACA, a total of 71 applications for automated spending allowance incentives have been approved until October 2017.”

MIDA has also established a dedicated SME Investment Desk in its headquarters and all its state offices throughout Malaysia. Malaysian businesses and SMEs should take advantage on this single contact point in MIDA HQ and all its State Offices, to obtain guidance and advice on the Government’s initiatives and facilities in building sustainable business collaborations through supply chain development on the local, regional and global levels.

More than 15 media representatives attended the exclusive media session from various Indian publication companies and online newspapers. The programme is part of MIDA’s continuous efforts to update the Indian entrepreneurs especially on the latest policies and facilities that are available. They are encouraged to follow MIDA’s official website and social media for the latest announcements and updates of facilitation and programmes related to business opportunities at www.mida.gov.my or @OfficialMIDA on Facebook and /OfficialMIDA on Twitter.

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For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment Division, MIDA

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

Mr. Sashirao Appanah

Assistant Director, Domestic Investment Division, MIDA

Tel.: 03-2267 3664 | Email: [email protected]

Download:

DISC Presentation_22Jan2018

Posted on : 22 January 2018

MIDA Deepens Its Engagement With The Indian Business Community


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Kedah is one of the oldest states in Malaysia and has captivating history behind it. In fact, there is more to this ‘Rice Bowl State’ than just paddy fields. In term of investments, there are 1,142 manufacturing projects implemented in Kedah with total investments of RM51.28 billion as at December 2016. These projects have created over 150,000 job opportunities for the state.

25 January 2018, Kuala Lumpur – “Kedah is one of the oldest states in Malaysia and has captivating history behind it. In fact, there is more to this ‘Rice Bowl State’ than just paddy fields. In term of investments, there are 1,142 manufacturing projects implemented in Kedah with total investments of RM51.28 billion as at December 2016. These projects have created over 150,000 job opportunities for the state,” said Mr. Zabidi Mahbar, Executive Director, Strategic Planning (Manufacturing) of the Malaysian Investment Development Authority (MIDA) in his welcoming remarks at the MIDA Invest Series event held this morning. The event themed, “Unfolding States Business Potential’ took place at MIDA headquarters in collaboration with Invest Kedah.

“Despite the challenging global economic environment, Kedah has persevered by attracting additional approved investments worth RM1.29 billion in the manufacturing sectors from January to September last year, creating another 1,543 job opportunities for the state. These 26 projects were mainly in non-metallic mineral products, transport equipment, E&E, machinery and equipment, rubber products, and fabricated metal products.” he added.

There are 10 industrial parks available in Kedah, including the Kulim High Tech Park (KHTP) that has a strong presence of multinationals from the electrical and electronic industry. Total foreign direct investment in Kulim High Tech Park is currently amounted to RM42.3 billion. Among them include Intel, First Solar, Silterra, Infineon Technologies, Fuji Electrics and Osram. Osram had recently opened its new semiconductor plant in KHTP. With Osram’s state-of-the-art facility, Malaysia now has the world’s most advanced LED chip factory.

Kedah has the advantage of providing a constant supply of talents due to the availability of more than 38 higher learning institutions including universities, colleges and training institutes. Notably, the Kedah Industrial Skills & Management Development Centre collaborates with companies operating in Kedah to provide an industry ready workforce.

The government, through MIDA has established a Domestic Investment Strategic Fund (DISF) to accelerate the shift of Malaysian-owned companies in targeted industries to high value-added, high technology, knowledge-intensive and innovation-based industries. Under DISF, MIDA has approved 270 projects with investments of RM13 billion as at December 2017. For Kedah, a total of RM83.9 billion was granted for 14 manufacturing projects worth RM702.3 million.

In August 2017, YAB Datuk Seri Najib Tun Abdul Razak has launched Blueprint 2016-2025 (Blueprint 2.0) for Northern Corridor Economic Development. The blueprint aims to outline the future directions and strategies to expand growth, reduce regional imbalances and introduces bold measures for the long-term benefit of all by sustaining its growth momentum.

In the blue print, two NCER growth node projects have been identified in Kedah, namely Kedah Rubber City (KRC) and Kedah Science and Technology Park (KSTP). KRC focuses on high-value rubber and rubber based industries, whereas KSTP envisions to be a world-class centre for the promotion and commercialisation of applied scientific research and technology.

“We are optimistic that these projects will be an impetus to attract more quality investments into Kedah, particularly in the targeted sectors. With so much room available for expansion and diversification particularly in new growth areas, we look forward to more companies taking advantage of the established ecosystem and facilities that Kedah has to offer. MIDA’s office in Alor Setar is ever ready to serve the needs of investors on the ground,” said Mr. Zabidi.

MIDA Invest Series is an ongoing initiative undertaken by MIDA since early January 2018 to promote a competitive economy with equitable development among all states in Malaysia. This briefing featured a presentation by Mr. Zafir Annuar bin Ghazali, Senior General Manager of Invest Kedah on investment prospects of Kedah and its latest developments.

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For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment Division, MIDA

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

Download:

Speech by Mr. Zabidi Mahbar, Executive Director Strategic Planning (Manufacturing) – Kedah Special Briefing

Slide Presentation by InvestKedah

Posted on : 25 January 2018

Over 150,000 Jobs Created from 1,142 Manufacturing Projects Implemented in Kedah


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The Seminar on the New Era of Manufacturing for Furniture & Wood-Based Industry by Malaysian Investment Development Authority (MIDA) held on 23 January 2019 in Kota Kinabalu received encouraging interest from industry players. The immediate response came from three companies based in Peninsular Malaysia that would like to leverage resources available in Sabah and expand their business operations in the State. To facilitate these companies’ interests, MIDA arranged discussions with Yayasan Sabah, POIC Lahad Datu and Sabah Softwood Berhad towards strategic collaborations

25 January 2019, Kuala Lumpur – The Seminar on the New Era of Manufacturing for Furniture & Wood-Based Industry by Malaysian Investment Development Authority (MIDA) held on 23 January 2019 in Kota Kinabalu received encouraging interest from industry players. The immediate response came from three companies based in Peninsular Malaysia that would like to leverage resources available in Sabah and expand their business operations in the State. To facilitate these companies’ interests, MIDA arranged discussions with Yayasan Sabah, POIC Lahad Datu and Sabah Softwood Berhad towards strategic collaborations.

The event, which focused on automation and smart manufacturing to promote the adoption of industry 4.0 among the wood-based industry players, was officiated by Datuk Madiyem Layapan, Permanent Secretary of Sabah Ministry of Trade & Industry. It attracted nearly 150 participants including those from outside of Sabah and featured presentations by Department of Industrial Development & Research (DIDR), Sabah State Forestry Department, ABB Malaysia Sdn Bhd and Malaysian Timber Industry Board (MTIB). They shared on the current status of the infrastructure and the availability of resources in Sabah as well as product innovation and potential in downstream activities.

Datuk N. Rajendran, Deputy Chief Executive Officer of MIDA during his welcoming remarks said, “With abundant natural resources, Sabah is poised for more investments in the wood and wood-based industry. The recent announcement made by Yang Amat Berhormat Datuk Seri Panglima Haji Mohd Shafie Bin Haji Apdal to make Sandakan as a furniture centre in Sabah is certainly a step in the right direction for the State. MIDA acknowledges the importance that furniture and wood-based industry plays as one of the key industries to be developed in the State.”

As at September 2018, a total of 2,919 projects on furniture and wood-based products projects have been approved by MIDA with investment worth RM33.02 billion. Majority of these investment or 67% (RM22.14 billion) were from domestic sources, while the rest (33% or RM10.88 billion) were from foreign investments. For Sabah, MIDA has approved a total of 466 furniture and wood-based projects with total investments of RM5.36 billion.

One of the participants, Mr. Jason Lee, Manager of Forest Avenue International Sdn Bhd said, “Going downstream has proven to be very profitable for West Malaysia. In Sabah’s perspective, this direction can never be wrong. The future of Sabahans depends on their willingness to move out of their comfort zone and be ready to embrace the real world market.”

According to Mr. Tan Peng Juan, Chairman of Sabah Timber Industries Association (STIA), “To address on the issue of export ban of logs, STIA has suggested on establishment of a working committee that consist of Sabah-based industry representatives and Government agencies. The aim is to assist the government in facilitating the new forestry policy, to ensure that the correct form of investment is brought into Sabah, and to monitor the progress of industrial development. It is essential for the state government to have a permanent collaboration with industry players to ensure that there is a consistency in short-, mid- and long-term plans under the new forestry masterplan. STIA also insisted that Sabah state government should give clear direction on the permanent ban of export of timber logs from Sabah.”

Due to the good feedback received, MIDA will continue to organise similar engagements in Sabah to promote more investments in the wood-based industry. It will feature bankers to facilitate financial assistance.

***

For more information, please contact:

Mr. Mohd Rasli Muda

Director, Food Technology & Resource-Based, MIDA

Tel.: 03-2267 3643| Email: [email protected]

Posted on : 25 January 2019

More Investors Expressed Interest in Sabah’s Furniture And Wood-Based Industry


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Four IHLs Receive Automation Equipment Worth RM200,000 from Muehlbauer

Kuala Lumpur, 22 January, 2019 – Muehlbauer Technologies announced at the headquarters of the Malaysian Investment Development Authority (MIDA) today that the company is donating RM200,000 worth of automation integrated systems known as the Beckhoff mock-up units from its Melaka operations to the Universiti Malaysia Pahang (UMP), Universiti Technical Malaysia Melaka (UTeM), Universiti Tun Hussein Onn Malaysia (UTHM) and the German Malaysian Institute (GMI).

In addition, all four higher learning institutions will be getting approximately 40 hours of training as well as support expansion of the equipment which includes image/vision processing technology or other advancements according to the institutions’ requirements, from Muehlbauer.

“We are pleased that more and more companies are responding positively to our call in narrowing the gap between the latest practical know-how of the industry and university syllabus. We continue to encourage companies to invest in talent and technology to improve productivity and capability, and become future-proof. We also place great importance in engaging with potential investors – particularly large MNCs as they come equipped with the technology and processes required for our industries to grow and diversify,” Dato’Azman Mahmud, Chief Executive Officer of MIDA.

“This initiative will contribute in many ways, especially in enabling lecturers and students to be familiar with the latest technologies in the industry. It will also provide hands-on experience for students in Mechatronics Engineering or those interested in joining the high-tech industry related to mechanical, electrical and electronics, programming and vision technologies. I would like to encourage other global companies to emulate these practices and bring the industry to the next level,” added Dato’ Azman.

“Already for several years we are supporting the local communities by having a fruitful collaboration with the Malaysian Universities; Colleges and Institutes,” said Mr Sekar Ramasamy, the CEO of Muehlbauer Technologies. “With this donation and by enhancing the practical education at the Universities we want to lift this partnership to the next level and help the students to get ready for the challenges of digitalization and Industry 4.0,” he added.

Muehlbauer is also part of the German Dual Vocational Training (DVT) programme, a skill training programme by the Malaysian-German Chamber of Commerce and Industry (MGCC) ) in cooperation with the Department of Skills Development of the Ministry of Human Resources (MOHR) and GMI. Last year, 19 students were granted internship placement with Muehlbauer Technologies. The company also provides industrial visitation to universities and institutions.

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PRESS CONTACTS

Muhammad Ashraf

Phone: +606 2517 250

E-mail: [email protected]

Racheal Lim

Phone: +606 2517 178

E-mail: [email protected]

ABOUT MUEHLBAUER

Mühlbauer Group is the only one-stop-shop technology partner for Smart Card, passport/ePassport, Semiconductor and RFID industry. With more than 2,000 employees, technology centers in Germany, Malaysia, the U.S. and Slovakia, and a worldwide sales and service network, the Mühlbauer Group is the world’s market leader in innovative systems and software solutions for the production and personalization of cards, passports and RFID applications. For more information, please visit www.muehlbauer.com.my and like us on Facebook https://www.facebook.com/dvtmbt/

ABOUT MIDA

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

For further information, please contact:-

Mr. Shahrol Shahabudin

Director, Machinery & Equipment Division           

03-2267 6674 | [email protected]

Mr. Mohamad Ismail Abu Bakar

Director, Industry Talent Management And Expatriate Division

03-2267 6715 | ismail @mida.gov.my

Download:

Speech by CEO of MIDA_MIDA Muehlbauer collaboration with 4 IHLs

Posted on : 22 January 2019

More Companies Responding to MIDA’s Call to Narrow Skills Gap


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The Malaysian Investment Development Authority (MIDA) has approved a total of 1,120 manufacturing projects with investments worth RM137.3 billion in Sarawak as at September 2018. These projects have created over 175,000 job opportunities, mainly in the natural gas, chemical and chemical products, basic metal products, petroleum products (including petrochemicals) and electronics and electrical products sectors

29 January 2019, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) has approved a total of 1,120 manufacturing projects with investments worth RM137.3 billion in Sarawak as at September 2018. These projects have created over 175,000 job opportunities, mainly in the natural gas, chemical and chemical products, basic metal products, petroleum products (including petrochemicals) and electronics and electrical products sectors.

“Being the largest of all 13 states in Malaysia, there are certainly many reasons for companies to base their operations in Sarawak. There is already a strong presence of MNCs and large Local Corporations (LLCs) in the state. These companies, such as Petronas, OCIM, Longi, X-Fab and Press Metal, hold much promise for business collaborations and opportunities,” said Mr Zabidi Mahbar, Senior Executive Director of MIDA’s Strategic Planning and Development Division during the MIDA Invest Series: Unfolding States’ Business Potential held today at the MIDA Headquarters.

“MIDA has set-up a dedicated team namely the Investment Coordination Platform (ICP) to facilitate companies to grow their businesses and investment portfolio since last year. The unit works closely with equity and corporate advisory firms as well as local regulators and technology providers in assisting companies to conduct business-to-business matching, capital raising exercise through debt & equity, M&A, divestment and initial public listing or IPO. We urge all interested parties to discuss with MIDA on how they can be facilitated in these areas,” added Mr Zabidi.

Another initiative introduced by MIDA is the i-Services Portal, which is a single market place to link investors and companies interested to source for domestic services from local service providers. Local service providers are encouraged to register their business in the portal as it will help them to expand their markets and further boost business activities.

The Invest Series featured a briefing by Datu Liaw Soon Eng, Permanent Secretary from the Ministry of Industrial & Entrepreneur Development of Sarawak. The event attracted over 250 participants ranging from embassies, business chambers and associations as well as industry players from the services and manufacturing sector.

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About MIDA

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

For more information, please contact:

Mr. Abdul Fatah Mohamed Rafaie

Deputy Director

Domestic Investment & Supply Chain Division, MIDA

Tel.: 03 2267 3766

Email: [email protected]

Download:

Speech by Senior Executive Director of MIDA_Invest Series_Sarawak

MIED Slides_MIDA Invest Series_Sarawak

Posted on : 29 January 2019

Sarawak Attracts RM137.3 Billion Worth Approved Manufacturing Projects as at September 2018


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United Overseas Bank Malaysia Bhd (UOB Malaysia) today signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract more foreign direct investments (FDI) into high value-added sectors. These sectors, which include electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology, are among MIDA’s key priority sectors in promoting investments for industry development

Kuala Lumpur, Malaysia, 10 January 2020 – United Overseas Bank Malaysia Bhd (UOB Malaysia) today signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract more foreign direct investments (FDI) into high value-added sectors. These sectors, which include electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology, are among MIDA’s key priority sectors in promoting investments for industry development.

Under the MoU, UOB Malaysia and MIDA will work together to attract global companies that can contribute positively to the local economy through sustainable investments. This in turn will help facilitate the transfer of technology and knowledge to local companies and create opportunities to develop a highly-skilled domestic workforce.

Mr Wong Kim Choong, Chief Executive Officer, UOB Malaysia, said that Malaysia has sharpened its focus on attracting quality investments in targeted sectors that will have significant benefits for the domestic economy.

“Malaysia, with its favourable business conditions such as skilled labour force, developed infrastructure connectivity, ongoing policy reforms and government incentives, remains an attractive investment destination for global companies. In turn, global companies with sustainable investment practices will help to enhance the competitiveness of Malaysia’s domestic industries by creating more skilled jobs and deepening technology capabilities, ultimately helping in Malaysia’s progress towards a knowledge-based economy. Our collaboration with MIDA not only enables us to help more global companies seize investment opportunities in Malaysia, but also to contribute to industry development in the country,” Mr. Wong said.

To promote Malaysia as an investment destination, UOB Malaysia and MIDA will organise a series of roadshows across key focus markets such as China, ASEAN and Japan.

Mr. Arham Abdul Rahman, Deputy Chief Executive Officer I of MIDA said, “The collaboration between MIDA and UOB Malaysia complements our goal to invigorate an effective investment environment in the country. We are excited to have UOB Malaysia on board with us in promoting Malaysia’s business competitiveness and accelerate economic growth. Understanding the needs of investors, MIDA seeks to not only promote the development of industrial ecosystems but also to ensure that the enablers are in place to cater to the requirements of businesses, particularly those that are value-added, capital-intensive, knowledge-intensive and can provide quality business and job opportunities to Malaysians. This includes having easy access to the necessary financial services to help investors succeed in emerging markets like Malaysia. We trust that this partnership will result in attracting more quality investments for the country.”

Commenting about UOB Malaysia’s capabilities in facilitating cross-border business and investments, Ms Ng Wei Wei, Managing Director and Country Head of Wholesale Banking, UOB Malaysia said, “The Bank is well-equipped to support the key priority sectors under MIDA through our sector specialisation and FDI Advisory capabilities, extensive regional network and on-the-ground experience. Our capabilities and experience are ready to help foreign companies invest in Malaysia and to connect them to opportunities as the country focuses its efforts on attracting FDI into high valued-added sectors. The collaboration between UOB Malaysia and MIDA reinforces the Bank’s long-term commitment to connect companies to business and investment opportunities across Asia.”

In 2011, UOB launched its FDI Advisory services to help companies develop their entry strategies and to navigate the complexities of doing business in a new country. In addition to providing companies with access to UOB’s financial products and services, the team works closely with government agencies, trade and industry associations and professional service providers to provide comprehensive business advisory services across the region. To strengthen its support of companies expanding into Malaysia, UOB Malaysia set up a FDI Centre in 2013 which has since supported more than 250 companies to establish their business in or to invest into the country.

The Bank’s FDI Advisory team has also collaborated with other agencies such as the Iskandar Region Development Authority, the East Coast Economic Region Development Corporation and the Sarawak Corridor of Renewable Energy to position Malaysia as a key investment destination in Southeast Asia.

To find out more about UOB’s FDI Advisory services, please visit https://www.uob.com.sg/corporate/foreign-direct-investment/index.page.

-Ends-

About United Overseas Bank (Malaysia) Bhd

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

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

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

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

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

About the Malaysian Investment Development Authority (MIDA)

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

For media queries, please contact:

UOB Malaysia

Nizam Arop

Strategic Communications

[email protected]

Tel: 03-9195 2788/ 017-267 9170

Averlyn Lim Siew Leng

Strategic Communications

[email protected]

Tel: 03-9195 2793/ 018-229 9168


Malaysian Investment Development Authority (MIDA)

Ms. Zalina Zainol

Director, Corporate Communications Division

03-2263 2437| [email protected] 

Download:

Speech by DCEO I of MIDA: MIDA UOB MoU Signing Ceremony

Posted on : 10 January 2020

UOB Malaysia signs MoU with MIDA to attract foreign direct investments into Malaysia’s high value-added sectors


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The Malaysian Investment Development Authority (MIDA) kick-started the year 2020 with a networking event with the European (EU) chambers, associations and embassies on 14 January 2020. Forty representatives from the Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain offices in Malaysia attended the event. The event was graced by Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA and participated by the organisation’s management team members

Kuala Lumpur, 16 January 2020 – The Malaysian Investment Development Authority (MIDA) kick-started the year 2020 with a networking event with the European (EU) chambers, associations and embassies on 14 January 2020. Forty representatives from the Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain offices in Malaysia attended the event. The event was graced by Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA and participated by the organisation’s management team members.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, hailed the reception as a great success for his team. “This get-together is an excellent chance for both sides to catch up on many areas, businesses, strengths, stories and opportunities in a more personal setting. This is also a way for MIDA to show our appreciation to our friends from the EU chambers, association and embassies for their continuous support in our venture to increase investments into the country. Our next networking event, which will be organised soon, will be with the chambers and associations from the Americas, Oceania and Asia Pacific region.”

As of September 2019, MIDA has approved a total of 2,366 manufacturing projects with the participation from EU countries worth RM 131.4 billion. These investments created 271,712 employment opportunities for the country. For the first nine months of 2019 alone, a total of 34 manufacturing projects with EU’s participation worth RM3.1 billion were approved, and this is expected to create 2,782 job opportunities.

Major European companies that have operations in Malaysia include ST Microelectronics, Infineon, Acerinox, Saint Gobain, Dyson Manufacturing, Novartis, Osram Opto Semiconductors, Aker Solution, and B.Braun Medical.

For 2020, MIDA will be organising a series of trade and investment (T&I) missions and working visits to Spain, Switzerland, Germany, UK and France. Also, MIDA’s T&I missions for this year will cover other countries such as Japan, the Republic of Korea, China, India, New Zealand, Saudi Arabia, U.A.E and the USA.

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ABOUT MIDA

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

Posted on : 16 January 2020

MIDA Approved 34 Manufacturing Projects with EU Participation Worth RM3.1 Billion In Jan-Sept 2019


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