• Solarvest secured solar PV system contract with Dexcom at its first manufacturing site outside US
• Prioritising sustainability, 3.6MWp solar PV system to be installed at Dexcom’s main buildings facilities and carpark, the largest of its kind in Batu Kawan, Penang

Kuala Lumpur, 26 July 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has secured a contract with Dexcom Malaysia Sdn Bhd (“Dexcom”) to install a 3.6 megawatt-peak (“MWp”) solar photovoltaic (“PV”) system at its manufacturing facility in Batu Kawan, Penang, the largest of its kind in the area.

Dexcom is a subsidiary of the US-based DexCom, Inc., an industry-leading provider of continuous glucose monitoring systems. The manufacturing facility in Batu Kawan is its first overseas facility.

Solarvest will serve as the engineering, procurement, construction, and commission (“EPCC”) provider for the installation of rooftop solar PV for the main building facilities and carpark. With the expected generation of 3.6 MWp of clean energy, it allows Dexcom to offset 3,190 tonnes of carbon dioxide.

Chief Executive Officer of Malaysian Investment Development Authority (“MIDA”), Datuk Wira Arham Abdul Rahman said, “We are excited about Dexcom’s commendable initiative towards operate sustainably in our country. Dexcom’s continued investment in enhancing its operations aligns with Malaysia’s ambitious goal of achieving net-zero carbon emissions as early as 2050. This move not only showcases Dexcom’s corporate responsibility but also sets an inspiring example for businesses aspiring to contribute to a sustainable Malaysia. With a heightened focus on Environment, Social and Governance (“ESG”) principles is expected to stimulate sustainable growth and effectively address the pressing challenges posed by climate change.” He further emphasised, “MIDA is dedicated to positioning Malaysia as the preferred sustainable investment destination by leading players in the global value chain, and it is the presence of strong local players like Solarvest that reinforces our commitment. In line with our National Investment Aspirations (“NIA”) and the New Investment Policy (“NIP”), we aim to foster sustainable growth and a greener future for Malaysia.”

Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are delighted to be entrusted by US-based Dexcom to deliver their very first overseas manufacturing facility in Malaysia with our reliable and efficient clean energy solution. This is expected to contribute towards their overseas expansion ESG initiatives, while being able to optimise operational cost.”

“The growing recognition of sustainability’s significance in business operations has led to a surge in the adoption of clean energy by corporates. As a result, our job pipeline remains strong, with a tender book of approximately 2.5 gigawatts (“GW”) across Malaysia, Taiwan, Philippines, Vietnam, Indonesia, Singapore, and Thailand.”

“We are also targeting to boost our current unbilled order book of RM550.0 million by leveraging on the release of the 800 megawatts (“MW”) solar PV assets quota under the Corporate Green Power Programme (“CGPP”). With more corporations looking to reduce their carbon footprint, Solarvest is committed to providing our customers with clean energy solutions.”

Global Environmental, Health, Safety & Sustainability (“EHSS”) Senior Director of DexCom, Inc, Meredith Raymond said, “At Dexcom, we prioritise sustainability and have set forth a comprehensive strategy to reduce our Group’s greenhouse gas (“GHG”) emissions across our operations and supply chain. We actively pursue the implementation of clean energy solutions that help minimise our carbon footprint, aligning with one of our core objectives of promoting environmental responsibility.”

*****

About Malaysian Investment Development Authority (MIDA)

MIDA is the government’s principal promotion agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Solarvest Holdings Berhad

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

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

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

For media enquiries, kindly contact:

MIDA
Mr. Mohd Riduan Abd. Rahman
Director of Green Technology Division
(T) +603 2267 6634
(E) [email protected]

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

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

Solarvest to Power US-Based Dexcom’s First Overseas Facility with Largest Solar PV System in Batu Kawan, Penang

Kuala Lumpur, 20 July 2023 –Tesla Sdn. Bhd. (Tesla), a leading American multinational electric automotive manufacturer, is excited to announce its strategic expansion into the Malaysian market. This expansion is a direct response to the Battery Electric Vehicle (BEV) Global Leaders initiative introduced by the Ministry of Investment, Trade and Industry (MITI).

Key highlights of Tesla’s operation in Malaysia:

1. Vehicle Importation: Tesla is committed to introducing its cutting-edge lineup of electric vehicles to Malaysian consumers by offering its Model 3 and Model Y into the market. As the company aims to cater to the diverse needs and preferences of Malaysians, more of its models will be introduced in the future. Malaysian customers may now access its official website to place orders for the announced models, with Model Y already available on the website, priced competitively starting at RM199,000.

2. Supercharger Network: To address the crucial aspect of charging infrastructure, Tesla will invest significantly in setting up a vast network of fast-charging and regular-charging stations across strategic locations in Malaysia. This initiative is aimed at providing EV owners with a seamless and convenient charging experience, encouraging widespread EV adoption in the country.

3. Head Office and Service Centre: Tesla is set to establish its state-of-the-art head office and service centre in Cyberjaya, Selangor, which will serve as the central hub for all corporate operations, marketing, training, customer support activities and vehicle services equipped with advanced diagnostic tools and staffed with highly trained Tesla technicians to offer prompt and reliable after-sales services to customers.

4. Experience Centre: Tesla will establish its experience centres in key metropolitan areas across Malaysia, where customers can explore and experience the latest electric vehicle models firsthand. These centres will serve as interactive spaces for potential buyers to gain insights into the benefits of electric mobility and receive personalised assistance from knowledgeable Tesla sales representatives.

The Minister of Investment, Trade and Industry (MITI), YB Tengku Datuk Seri Utama Zafrul Aziz, said, “We are pleased that Tesla has chosen Malaysia as one of its destinations for their expansion in Southeast Asia. Their commitment to sustainable mobility is closely aligned with Malaysia’s vision for a greener future, and our New Industrial Master Plan 2030’s push for net zero. MITI is focused on transforming our industrial and investment landscape to not only attract companies like Tesla to help enhance our domestic suppliers’ position in global value chains, but also open up new ‘greener’ economic opportunities and create higher-paying jobs for Malaysians. Tesla’s presence here will also help raise Malaysia’s pro-business and pro-investment credentials on the global stage, and we look forward to welcoming more multinational investors that share our vision of developing a more sustainable, balanced and inclusive economic growth for our nation.”

The Malaysian Investment Development Authority (MIDA) has approved 58 projects totalling RM26.2 billion in the EV and its related ecosystems from 2018 to March 2023. The approved investments span various areas, including EV assembly, manufacturing of EV parts and components as well as its charging components. As the demand for sustainable transportation continues to rise, MIDA’s support and facilitation of these projects contribute to the advancement of the EV sector in Malaysia, fostering economic development, job creation, and a greener future.

MIDA Chief Executive Officer, YBhg. Datuk Wira Arham Abdul Rahman, also lauded Tesla’s investment in the country. “Tesla’s decision to choose Malaysia as its expansion destination highlights the country’s attractiveness as an investment hub in the region. We are pleased to support Tesla in establishing their operations and creating a strong presence in the Malaysian market. The growth of electric mobility will play a pivotal role in Malaysia’s sustainable development and we believe that Tesla will play a crucial part in this journey.”  

Tesla’s Regional Director, Ms. Isabel Fan, expressed excitement and optimism about the expansion into Malaysia. “Tesla’s mission is to accelerate the world’s transition to sustainable energy. As part of Tesla’s commitment to Malaysia, we have unveiled a comprehensive development plan for experience centre, service and support, and charging infrastructure in the country, aimed at delivering a seamless Tesla ownership experience. We’re committed and excited to help driving a zero emission and greener future for Malaysia.”

With its steadfast commitment to innovation, sustainability and customer satisfaction, Tesla is primed to revolutionise the Malaysian automotive market and contribute significantly to the nation’s environmental goal to become carbon neutral by 2050, in alignment with Malaysia’s pledge to reduce carbon emissions under the United Nations Framework Convention on Climate Change (UNFCCC). Additionally, under the Low Carbon Mobility Blueprint (LCMB) 2021-2030, Malaysia is set to achieve at least 15% of xEVs out of the total industry volume (TIV) by 2030 and 38% of xEV by 2040 under the National Energy Policy (NEP) 2022 – 2040, with 10,000 units of Charging Facilities built by 2025 (comprising 9,000 alternating current (AC) units and 1,000 direct currents (DC) units).

*****

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. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel. 

About Tesla Sdn. Bhd.

Tesla’s mission is to accelerate the world’s transition to sustainable energy. To accomplish this mission, we design products that are far superior to their fossil fuel counterparts in every way, source and manufacture them as sustainably as possible and sell as many of them as we can. We believe the best way to do this is by offering an ecosystem of products that comprehensively addresses our world’s clean energy generation, storage and transportation needs.

Media Contacts

MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division
Email: [email protected]
Tel.: +603-2267 6688

Tesla Sdn. Bhd.
Ms. Michelle Lai
Consumer Engagement Manager (MY and SG)
Email: [email protected]
Tel.: +6019-380 3503

Tesla to Invest In Malaysia, Boosting The Country’s Sustainable Mobility and Economic Growth

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

-END-

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

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

Farnborough Air Show: Vital Platform to Promote LIMA 2023

KUALA LUMPUR, 26 July 2022 – Automation and digitalisation are the impetus to drive SMEs business recovery and next level of growth. “The Government remains resolutely committed to nurturing our pro-business and investment environment towards accelerating the growth of not only foreign but domestic investment as well. In light of the Government’s ESG commitments, the implementation of sustainable practices will warrant a more substantive shift to technology, particularly on automation among SMEs,” said YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) during his keynote address to a congregation of Malaysia’s top business leaders and representatives from various chambers of commerce at the Domestic Investment Seminar Series 1 (Central Region) 2022 conducted in a hybrid format, today.

Meanwhile, Datuk Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA) said “We are pleased that this event has received an encouraging response from the business community. Malaysia recognises the need to enhance collaborative efforts with stakeholders from other regions. The goal is to continuously facilitate and grow businesses in Malaysia, ASEAN and worldwide. We are looking forward to attracting new investments focusing on sustainability in industries that include machinery and automation, aerospace, automotive, green technology, food production, biotechnology, pharmaceutical and other high technology industries, as well as digital investments.

We strongly believe that the continuous engagement between the public and private sectors will boost the development of the industrial ecosystem in Malaysia. Our end game is to expedite the recovery and create more business and job opportunities for the overall wealth and prosperity of the country and our fellow Malaysians.”

“Domestic Direct Investment (DDI) is an important driver of private investment to complement Foreign Direct Investment (FDI). Reviving domestic investment is crucial in raising the economy’s productive capacity, accelerating technological progress, creating employment opportunities and expanding exports with the implementation of RCEP.” said Tan Sri Dato’ Low Kian Chuan, President of National Chamber of Commerce and Industry Malaysia (NCCIM) cum President of The Associated Chinese Chambers of Commerce and Industry Malaysia (ACCCIM).

Participated by over 700 business leaders, the Domestic Investment Seminar Series 1 (Central Region) is part of MIDA’s strategic measures to strengthen domestic investments in economic transformation plans which include identifying potential companies as Malaysian conglomerates, motivating multinational corporations (MNCs) operating in Malaysia to harness outsourcing opportunities for Malaysian companies, intensifying technology acquisition support for Malaysian-owned companies as well as scaling-up local companies to achieve international standards which include environmental, social and governance (ESG) compliance.

The Domestic Investment Seminar began with presentations by distinguished speakers, including ‘MIDA-Driving Domestic Investments’ by Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation), followed by ‘Why Automation is Important for SMEs’ and ‘SME’s Success Story Supplying to MNCs’ by Mr. Zulkiflee Md Ismail, Engineering Director of Sensata Technologies Malaysia Sdn. Bhd. and Mr. Toon Moors, Managing Director of Tonasco Malaysia Sdn. Bhd. respectively.

Breakout Session 1 carried the topic ‘Accelerating Technology Adoption and Innovation’ by Ms. Sarojini Ganesan, Deputy Director, Advanced Technology and Research and Development Division, MIDA; Mr. Ang Kah Heng, Head, Innovation and Industry Development, Technology Hub Development Division from Cyberview; Mr. Syazrie Adley, Consultant SIRIM Tech Venture Sdn. Bhd. and Encik Muhammad Haziq Faris Hasnol, CEO, REKA Studio. The three speakers presented their insights on digital solutions that can help Malaysia boost productivity and further attract manufacturing investments, the need for homegrown businesses to focus on digital adoption strategically across the value chain as well as adoption of comprehensive digital technology will garner positive impact towards-performance, social impact, talent and technology investment.

In ‘Building and Growing Malaysian Talent’, Encik Amirhamzah Karim, Vice President, Dewan Perniagaan Melayu Malaysia (DPMM); Ms Teh Sook Ling, Deputy Chairman, Federation of Malaysian Skill Development Centre (FMSDC); Dr. Muhammad Roslan Muhamad Yusoff, Chief Executive Strategist, Sustainable Industrial Revolution and Innovation, UTM; Prof. Madya Dr. Wan Zuhainis Binti Saad, Director, Ministry of Higher Education (MOHE) and Encik Izham Zakaria, Senior Manager, Business Development, Aerodyne Group, discussed  on the importance of the Malaysia’s workforce being equipped with necessary skills to develop digitalisation and drive higher value added industry.

Together, the speakers concurred that businesses need to be more focused and agile towards capacity building in line with their industry’s growth trajectory and the evolution of specific roles while helping SMEs in their supply chain bridge key capability gaps.

Industry leaders from the financial services industry, ie Bank Islam Malaysia, United Overseas Bank (Malaysia), Malaysian Technology Development Corporation, Syarikat Jaminan Pembiayaan Perniagaan, 1337 Ventures, spoke about various assistance provided by financial institutions to the SMEs to automise and digitalise their operations, production and trade channels in Breakout Session 3.

Other financing schemes made available for businesses under Malaysia’s Budget 2022 such as the business financing guarantee and the SME special fund were also presented.

The highlight of the Seminar was Breakout Session 4 where seven (7) start-up companies were given an opportunity to pitch their business plan and products to potential investors within five (5) minutes. These start-up companies were Govicle (Cyberview), Ideaspaq MTDC – Robotic, Move Robotics (Cyberview), TRobot-MTDC-Robotic, Reka (Cyberview), XTS Technologies-MTDC and Urban Farm Tech (Cyberview).

The upcoming Domestic Investment Seminar Series 2 focusing in the East Region will be held in November 2022. For more information, please refer to www.mida.gov.my.

*****

About MIDA

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

Media contacts:

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

Automation, Digitalisation Impetus To Drive SMEs Recovery And Next Level Of Growth

CYBERJAYA, 22 JULY 2022 – Hematogenix®, the first central oncology laboratory for clinical trials in Malaysia has been officiated today by the Minister of Health (MOH), Yang Berhormat  (YB) Khairy Jamaluddin. Also present  were Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of Malaysian Investment Development Authority (MIDA), Dr. Akhmal Yusof, Chief Executive Officer of Clinical Research Malaysia (CRM) and Dr. Hytham Al-Masri, President and Chief Executive Officer of  Hematogenix®.

Hematogenix® is a Global Clinical Research Central Laboratory specialising in Oncology/Cancer Research with accreditations from College of American Pathologists (CAP) and Clinical Laboratory Improvement Amendments (CLIA), has been in operation globally since 2007 and in Malaysia since June 2021. Hematogenix® is headquartered in Chicago, Illinois with three other branches globally, covering the European market in Manchester, United Kingdom, the China market in Shanghai; and the latest market for Asia Pacific is in Cyberjaya, Malaysia.

YB Khairy Jamaluddin during his speech emphasised that, “Apart from boosting foreign direct investments and boosting the clinical research industry, collaboration between Hematogenix® and Ministry of Health (MOH) will spur more local collaborations especially in providing cutting edge diagnostics services to Malaysians as well as exchange of knowledge and training for scientists within the MOH.” This collaboration will have direct benefits for cancer patients, as various tests for cancer biomarkers are now available locally with shorter waiting time for diagnosis.

MIDA Deputy CEO (Investment Development), Ms. Lim Bee Vian remarked, “The entry of Hematogenix® into Malaysia is expected to attract more global clinical trials into the country, moving our pharmaceutical and healthcare industries further up the value chain into research and development (R&D) and related services. This project with realised investment of more than USD9 million (RM39 million) to date is made possible through our investment policies, incentives, talent development and availability, and facilitation in bringing in biological samples and machineries. In return, our local scientists and healthcare professionals can benefit from Hematogenix® in terms of knowledge and technology transfer.”    

Dr. Akhmal Yusof, CEO of Clinical Research Malaysia mentioned that “The Memorandum of Understanding (MoU) between Hematogenix® and CRM was first signed in 2018. This establishment is aligned with MOH’s vision to increase Malaysia’s visibility for global studies, especially sponsored clinical research. The opening of Hematogenix® Asia Pacific in Cyberjaya today means we are on the right direction.”

Since 2012, there were more than RM834 million investments from Clinical Trial Agreements that were reported, contributing to the nation’s Gross National Income. On top of this, more than 2,291 skilled jobs were created in the clinical research industry and about 1,806 sponsored research was approved by the Medical and Research Ethics Committee. In 2021, CRM has achieved its Phase 1 Realisation Project resulting in an established framework, trained regulators, equipped study site, and experienced study team, all in place for First-in-Human trials in Malaysia. With the further establishment of Hematogenix® Malaysia, the clinical research support required to facilitate global clinical trials, especially early phase drug development, is now made available within the country.

Hematogenix® President and Chief Executive Officer, Dr. Hytham Al-Masri said “The facility in Cyberjaya is now in operation with 40 trained and qualified members including pathologists, PhD and Masters degree qualified scientists, medical technologists, bioinformaticians and software developers”.

He further added, “Since June 2021, Hematogenix® has managed at least 18 clinical studies from multinational global pharmaceutical companies and has processed over 2,000 shipments of biological specimens from study sites across Asia Pacific, namely Japan, South Korea, Taiwan, and Australia.”

As a result, Malaysia is now at the epicentre of cancer clinical trials in the Asia Pacific region.

*****

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

About Clinical Research Malaysia (CRM)
Established by Malaysian Ministry of Health in 2012, Clinical Research Malaysia exists to advance global health solutions for a brighter, more hopeful future for the people by providing speedy and reliable end-to-end clinical research support for quality studies. CRM’s innate understanding of the local clinical research landscape with the international standards of operations coupled with fundamental backing of the government ministries provides the organisation an incomparable advantage to work with partners from the nascent stages of development to materialisation of the end product, in order to deliver better treatment and high-skilled job opportunities.

About Hematogenix®
Hematogenix®® is a global biotechnology company providing reference laboratory services. Their team of board-certified clinical, anatomic and research pathologists work in conjunction with top scientists from around the world to provide quality testing, consultation, and guidance for all aspects of the company’s pharma and diagnostic services. Hematogenix®® offers an array of biomarker development and testing services which navigate the complexities of human subject clinical trials. The company’s clinical laboratories are CAP, and CLIA certified, GCP-compliant and serve both the pharmaceutical industry as a specialized clinical research organization and the oncology industry as a clinical and anatomical testing provider. Learn more about Hematogenix®’s comprehensive biomarker development and testing services at www.Hematogenix®.com.

Media Enquiries

MIDA
Mr. Syed Kamal Muzaffa Bin Syed Hassan Sagaff
Director, Advanced Technology, Research and Development Division, MIDA
Email: [email protected] | T: +603-2267 3636

CRM
Ms. Audrey Ooi
Head of Business Development, Clinical Research Malaysia
Email: [email protected] | M: +6012-609 6583

HEMATOGENIX
Dr. Khairul Faizi Khalid
Operations Manager, Hematogenix Asia-Pacific
Email: KKhalid@Hematogenix®.com | M: +6019-4160 616 | T: +603-8660 0866

Hematogenix® Marks the Opening of the First Central Laboratory In Clinical Research, Positioning Malaysia As The Asia Pacific Hub

Negeri Sembilan, Malaysia, 21 July 2022 – Samsung SDI Energy Malaysia Sdn. Bhd. (“Samsung SDIEM”) scored a significant milestone today with the opening of its Phase Two EV battery cell manufacturing facility in Seremban. The cumulative RM7 billion investment (Phase One: RM1 billion and Phase Two: RM6 billion), is injected by the company in opening its first production location in Southeast Asia and the first EV battery cell facility in Malaysia.

The momentous ground-breaking ceremony was graced by the Prime Minister of Malaysia Y.A.B. Dato’ Sri Ismail Sabri Yaakob, as well as Menteri Besar of Negeri Sembilan Y.A.B. Dato’ Seri Haji Aminuddin Bin Harun, Ambassador of the Republic of Korea to Malaysia His Excellency Lee Chi Beom, together with Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA) Ms. Lim Bee Vian, and President and CEO of Samsung SDI Co. Ltd. (South Korea).Mr. Yoon Ho Choi.

Since 1991, parent company Samsung SDI Co. Ltd. (South Korea) has stamped its footprint in Malaysia, starting off with the manufacturing of Cathode Ray Tube (CRT) under Samsung Electron Devices (SEDM). SEDM later changed its name to Samsung SDIEM, embarking on Lithium-Ion Cell manufacturing in September 2011 until May 2022, where Samsung SDI Co. Ltd. (South Korea) invested a total of RM2.8 billion. In return, over RM2.5 billion of annual export was generated, creating 2,500 Malaysian workforce through Samsung SDIEM.

Catering to the worldwide demand of electric vehicles, Samsung SDI Co. Ltd. invested an additional RM7 billion in Malaysia, setting up and operating an EV battery cell manufacturing plant at Samsung SDIEM.

In his officiating speech, the Prime Minister said: “I take this opportunity to congratulate Samsung SDIEM on its success for the opening of its second factory and an increase in investment of RM7 billion. With the construction of this new factory, it will create 1,300 job opportunities for “Rakyat Malaysia”. I appreciate the role played by Samsung SDIEM in developing the industry based on green technology. This is in line with the goals of the country to achieve a zero-carbon nation as early as 2050 as stated in the 12th Malaysia Plan strategy”.

Commending the company’s expansion as having strategic impact on the regional front, Senior Minister and Minister of International Trade and Industry (MITI) YB. Dato’ Seri Mohamed Azmin Ali remarked “Samsung SDIEM’s expansion aligns with the National Automotive Policy 2020 (NAP 2020) which addresses growing trends within the industry, thereby positioning Malaysia as the regional leader in the manufacturing, engineering, technology and sustainable development of the automotive sector. The opening of this assembly facility in Negeri Sembilan will benefit more Malaysian talents, especially high-skilled engineers in terms of capacity building as the company expands their footprint in the ASEAN region.”

Menteri Besar of Negeri Sembilan, Dato’ Seri Haji Aminuddin reiterated “The State Government has always encouraged the entry of new quality, high-tech and high-impact investments, such as Samsung SDIEM to drive strong economic growth, especially in Negeri Sembilan, as outlined in the Negeri Sembilan Integrated Concept Master Plan 2021-2045. The State Government also applies the concept of investor -friendly policy in attracting new investment / expansion through INVEST NS and every new investment project will always be facilitated to simplify the affairs of each project that invests in Negeri Sembilan. During the period of 2017 to 2021, the Negeri Sembilan Government managed to increase the momentum of total investment in the state where:

Year 2017 – RM 1.41 billion
Year 2018 – RM 2.86 billion
Year 2019 – RM 3.68 billion
Year 2020 –RM 7.93 billion, is the highest achievement in the history of 10 years, and
Year 2021-RM 5.76 billion, a decrease due to the impact of the Covid-19 pandemic.

On this occasion, I would also like to thank MIDA for always helping and working with the State Government to ensure that Negeri Sembilan is always the destination of choice for investors.”

In hailing the investment as a milestone for the automotive industry, Chief Executive Officer of MIDA Datuk Arham Abdul Rahman said, “This investment represents the confidence of multinational companies in Malaysia. We are honoured to have Samsung SDIEM to venture into high value investment in Malaysia. MIDA is constantly looking for opportunities to collaborate and facilitate growth plans of such impactful companies that continue to bring advanced technology and further elevate the EV industry and its ecosystem in the country.”

Ambassador of the Republic of Korea to Malaysia, His Excellency Lee Chi Beom, commended Samsung SDI’s decision to continue investing in Malaysia and remarked that this is indeed a significant moment for both nations in further nurturing its robust bilateral relationship.

In his welcoming speech, President and CEO of Samsung SDI Co. Ltd. (South Korea) Mr. Yoon Ho Choi said, “All at Samsung SDI are working hard towards the goal to solidify our position as a Global Top Tier Company by 2030. If Samsung SDI is lucky enough to tap into our partners’ competitiveness in addition to the support by the Malaysian Government, we will be able to reach our goal much quicker than planned”.

In seeking active support from the Malaysian Government, including securing and nurturing local talents as well as early stabilisation for a successful factory construction and operation, he assured that Samsung SDI would comply with safety and basic compliance during construction of projects as well as actively engage in Environmental, Social, and Governance (ESG) management to pre-emptively respond to climate change.

Malaysia is the third largest automotive market in ASEAN, making the automotive industry a critical and burgeoning component of the country’s manufacturing sector. There are currently 28 manufacturing and assembly plants in Malaysia producing motor vehicles (passenger vehicles, commercial vehicles, motorcycles, and scooters); and a huge pool of manufacturers of automotive parts and components. The automotive ecosystem also encompasses research and design, product and process development, materials management, and after-sales services.

*****

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

About Samsung SDI
Samsung SDI is a manufacturer of rechargeable batteries for the IT industry, automobiles and energy storage systems (ESS), as well as cutting-edge materials used to produce semiconductors and displays. Our executive managers and staff members focus efforts to develop the next generation’s growth drivers in order to secure Samsung SDI’s place as a creative leader in the energy and cutting-edge materials industry.

Media contacts:
MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Email: [email protected] | DL: + 603- 2267 6688

Samsung SDI
Mr. Satiaseelan Muniandi
Director
Email: [email protected] | Tel: + 06-6701707

Samsung SDI Energy Malaysia Invests RM7 Billion For Its First EV Battery Cell Manufacturing Facility In Malaysia

Kulim, Malaysia, 7 July 2022 – Infineon marked a momentous milestone in the construction of a new state-of-the-art wafer fab module in Kulim, Malaysia. Today the foundation stone laying ceremony was held at Infineon Technologies (Kulim) Sdn. Bhd. With more than RM8 billion worth of investment, the third module will add significant manufacturing capacity in power semiconductors, particularly wide bandgap technology based on silicon carbide and gallium nitride. Construction is expected to be completed by third quarter of 2024.

The guest-of-honour YAB Dato’ Seri Haji Muhammad Sanusi Bin Haji Mohd Nor, Chief Minister of Kedah officiated the Foundation Stone Ceremony, accompanied by Mr. Ng Kok Tiong, Senior Vice President and Managing Director of Infineon Technologies Kulim, Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA), Ms. Kam Ai Mei, Chief Financial Officer, Infineon Technologies (Kulim) Sdn. Bhd. and Dr. Raj Kumar, Vice President of Technology, Infineon Technologies (Kulim) Sdn. Bhd.

In his speech, YAB Dato’ Seri Haji Muhammad Sanusi Md. Nor, Chief Minister of Kedah said, “I am pleased that Infineon, who has a long-term presence in Kedah, continues to expand in the Kulim Hi-Tech Park (KHTP). Since KHTP’s establishment in 1996, the number of capital-intensive high-tech manufacturing companies have steadily grown bringing advanced technologies and R&D activities as well as high tech jobs to Kedah state, and creating a vibrant economy for the local community. We will endeavor to continue this virtuous cycle.”

According to Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of MIDA, “We are fortunate to have long-term and committed industry partners including Infineon, which have been instrumental to bringing growth in Malaysia’s semiconductor industry. As we revel in the announcement for the third facility today to increase the wafer fabrication of wide bandgap semiconductors, I am pleased to note that Infineon Kulim’s third module will be instrumental in increasing Malaysia’s position in the global semiconductor supply chain.”

“Our collective aim is to establish Malaysia as one of the key partners in global semiconductor supply chains. Having like-minded global partners like Infineon will strengthen our position in global value chains and our goal to be an advanced manufacturing base in the region driven by innovation. We are committed to supporting industry leaders like Infineon and we appreciate the trust and commitment you have shown throughout your valued presence in Malaysia.” she added.

“Malaysia is an important hub for Infineon due to economies of scale already present in our front-end wafer fab manufacturing in Kulim, and back-end chip manufacturing in Melaka. When fully equipped, products from the new module will generate additional EUR2 billion in annual revenue. As decarbonisation efforts gain momentum globally, demand from electric vehicles, charging and storage infrastructures, and renewable energy for wide band gap power semiconductors is growing and we are prepared to support the demand,” said Dr. Rutger Wijburg, Chief Operations Officer, Infineon Technologies AG.

Addressing the ceremony, Mr. Ng Kok Tiong, Senior Vice President and Managing Director of Infineon Technologies Kulim thanked the employees of Infineon Kulim for their commitment towards the success of the company. He also expressed his gratitude to the Kedah State, MIDA and Malaysia government for its strong support. He said, “Malaysia offers a bright and highly motivated talent pool that we can further invest in and grow via on-the-job training and competency development. Bringing new technology to Malaysia requires skills to manage complexity and experience to master the technology. The new module will create 900 high-value job opportunities adding to the existing employees at Infineon Kulim.”

The electrical and electronics (E&E) industry contributes significantly to Malaysia’s GDP growth, export earnings, investment and employment and plays a vital role in the country’s industrial development. In the first quarter of 2022 alone, Malaysia attracted a total of RM18.6 billion (USD 4.4 billion) in approved investments for the E&E industry, among the top performing industries in January to March 2022 for the manufacturing sector.

*****

About MIDA

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

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

Follow us: Twitter – Facebook – LinkedIn

Media contacts:

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

Infineon
Ms. Mazilifah Mohd Razak
Senior Communications Manager, Infineon Technologies (Kulim)
Email: [email protected] | Tel: +604-494 7224

Infineon Lays A Momentous Foundation of The New State-Of-The-Art Wafer Fab Module in Kulim

KUALA LUMPUR – 6 July 2022 – The High Level Dialogue on ASEAN Italy Economic Relations – organised by The European House – Ambrosetti and Associazione Italia – ASEAN, chaired by former Italian Prime Minister Romano Prodi – and in collaboration with the Malaysian Investment Development Authority (MIDA) and Italian Trade Agency (ITA), took place on 6 July at the Mandarin Oriental Hotel in Kuala Lumpur. This convention is endorsed by the Italian Ministry of Foreign Affairs and International Cooperation and Confindustria (General Confederation of Italian Industry).

The High Level Dialogue on ASEAN Italy Economic Relations is the reference event in the ASEAN region for strengthening economic and strategic ties between ASEAN member countries and Italy. Participation in the High Level Dialogue in Kuala Lumpur is by invitation only and is limited to CEOs and senior executives of companies and Institutional Leaders.

The first five editions, held in Jakarta (2017), Singapore (2018), Hanoi (2019) and the digital editions for 2020-2021 drew more than 2,000 delegates from ASEAN member countries and Italy. In 2022, the High Level Dialogue on ASEAN Italy Economic Relations chose Kuala Lumpur, Malaysia to organise its hybrid physical-digital event, where the most cutting-edge topics had been addressed:

• Macroeconomic outlook of ASEAN in the post-pandemic scenario
• Green technologies for a sustainable future
• e-Economy, smart technologies and 4.0 value chains
• Aerospace and Security for resilience
• Investments opportunities and cooperation tools between Italy and ASEAN Countries

ASEAN member countries represent the fifth (5^th) largest economy in the world, and they are expected to become the fourth (4^th) largest by 2030. In 2020, ten (10) ASEAN member countries signed the Regional Comprehensive Economic Partnership (RCEP) together with five (5) ASEAN Free Trade Agreement (FTA) partner countries namely China, Japan, South Korea, Australia and New Zealand, establishing one of the largest interregional economic partnerships in the world. While negotiations for a Free Trade Agreement between EU and ASEAN are still ongoing.

Italy and ASEAN member countries benefit from a solid partnership, that has been formalised in 2020 when Italy was conferred the status of Development Partner of ASEAN. For Italy, ASEAN member countries offer unique opportunities for business and investment, in both traditional and high technological and innovative sectors. In 2021, total trade between ASEAN member countries and Italy almost reached EUR20 billion.

Under the patronage of the Italian Ministry of Foreign Affairs and International Cooperation, the High Level Dialogue on ASEAN Italy Economic Relations 2022 edition has been made possible thanks to the contribution of MIDA and ITA along with leading private partners Leonardo (Main Partner), Saipem (Partner), MPI Generali (Junior Partner), Turkish Airlines (Official Carrier) and with the support of Italy Malaysia Business Association, Mahanakorn Partners Group, Italian Chamber of Commerce in Singapore, Italian Chamber of Commerce in Vietnam, Italian Chamber of Commerce in Philippines, Singapore Manufacturing Federation.

The Honourable Dato’ Sri Mustapa Mohamed Minister in the Prime Minister’s Department (Economy), Malaysia, in his Keynote Address highlighted, “From what I understand, this is the 6th time that ASEAN and Italy have had such a dialogue. As we know, ASEAN and the EU also have a similar programme, but it is good that Italy and a number of other ASEAN partners have striven for a closer relationship with the region. This effort has certainly borne fruit in forging closer people-to-people ties between ASEAN and Italy. At the moment, Italy is Malaysia’s third largest global trading partner among EU Member States. Italian investments are generally perceived in Malaysia to signify quality investments that create quality jobs for locals.”

“Malaysia is of course proud to be home to a number of Italian investments. For example, as of December last year, a total of 75 manufacturing projects with Italian participation (valued at USD363.8 million) have been implemented across the country. This has created 4,320 job opportunities for locals here at home.” He also added.

“Strengthening the partnership with ASEAN countries is a priority for Italy. The Indo-Pacific region, and its large and fast-growing economies, offer unique economic opportunities, and provide a successful example of regional integration.” In this spirit, the Italian Minister of Foreign Affairs and International Cooperation, Luigi Di Maio, virtually opened the sixth edition of the High Level Dialogue Italy-ASEAN, in Kuala Lumpur. “I am very pleased that the High Level Dialogue can be held again in presence, this year in Malaysia, a country bound to Italy by a strong friendship and sound economic relations. Since its first edition in 2017 in Jakarta, the High Level Dialogue proved to be an important annual gathering aimed at fostering opportunities and synergies between private sectors from Italy and ASEAN countries. The prominence of this platform reflects the dynamism of economic relations between Italy and ASEAN countries in the strategic Indo-Pacific area. Italy considers ASEAN a model of regional integration and a key player in promoting peace, stability and shared prosperity. That is why we became ASEAN Development Partner in 2020 and today we are committed to implementing a broad and ambitious partnership. I am pleased to see the participation of a large number of companies from Italy, Malaysia and other ASEAN countries. The contacts you will create today and in the future are essential to support the institutional framework of peace and cooperation that we, the Governments, are called upon to ensure.”

Manlio Di Stefano, Italian Deputy Minister for Foreign Affairs and International Cooperation said: “The organization of the 2022 High-Level Dialogue on ASEAN-Italy Economic Relations in presence, thanks to the strong efforts made by the Malaysian Authorities and The European House – Ambrosetti, is proof of our common commitment to strengthening mutual relations. We are well aware that ASEAN has all the assets to create more inclusive, sustainable, resilient and green societies as well as to foster stability and prosperity in the Indo-Pacific region. Over 700 Italian companies are already present in the ASEAN market, and the outlook for the years to come is promising. For this reason, we are deeply committed to implementing the ASEAN-Italy Development Partnership, launched in 2020. Accordingly, last June 10th in Jakarta we agreed upon 62 “Practical Cooperation Areas” for the period 2022-2026. In addition, we have presented to the ASEAN Secretariat a wide range of initiatives in several fields, such as space, environmental protection, green energy, digital transition and connectivity, and we have already finalized several MoUs with a number of countries in the region. We look forward to continuing our collaboration, in order to increase mutual investment opportunities and to ensure a resilient, sustainable and inclusive recovery from global crises”.

Mr. Lorenzo Tavazzi (Partner and Responsible for International Development, The European House – Ambrosetti) said: “Among all the areas of world in which The European House – Ambrosetti operates as a leading management consulting firm and Think Tank, the ASEAN region is by far one of the most dynamic one. With a population of over 660 million and a GDP of about USD3 trillion in 2020, ASEAN is the third (3rd) largest economy in Asia and the fifth (5th) largest in the world after The USA, China, Japan and Germany. During 2020, the spread of Covid-19 has weakened the demand and disrupted the supply chains, resulting in a GDP contraction of -3.3% in 2020. But now the ASEAN region is expected to grow by 56% by 2026, becoming the world’s fourth (4^th) largest economy by 2030. Italy is a perfect partner for ASEAN to develop win-win longstanding business and strategic partnerships, thanks to its strong backbone of highly competitive small-medium enterprises (more than 206,000), its leading positioning in manufacturing (second (2^nd) largest manufacturing hub in Europe after Germany) and high-tech sectors. For all these reasons, The European House – Ambrosetti, together with Associazione Italia – ASEAN, launched in 2016 the initiative “High Level Dialogue on ASEAN Italy Economic Relations” with the aim of promoting major business opportunities and strengthening strategic and political relations among ASEAN Countries and Italy. After two digital editions, we are excited to be back in presence in Kuala Lumpur and are looking forward tocontinue our effort and to organize future editions of High Level Dialogue on ASEAN Italy Economic Relations in different ASEAN Countries next years.”

Romano Prodi (President, Italy – ASEAN Association) said: “Italy, the European Union and ASEAN’s underlying interests seem to coincide: a world order marked by cooperation and not by opposition, one that promotes trade, eases supply and allows for development and universal well-being, with the primary objective to keep environmental risks at bay always in mind. Broadly speaking, albeit with some different nuances, ASEAN countries have shown reluctance to take sides in a future on which the risk of polarization looms. Within the Union, the positions of those countries that intend to overcome the unanimity ‘trap’ that has conditioned their action in matters of fundamental strategic importance, from foreign policy to defence and finance, have strengthened. If this were to materialise, the EU’s authority in the world would be considerably strengthened. The approach and the work of the 6th High Level Dialogue on ASEAN Italy Economic Relations in Kuala Lumpur go in this direction, as desirable as it is urgent”.

“ASEAN has been placing great priority on the region’s digitalisation transformation agendas, such as with the launching of the Bandar Seri Begawan Roadmap and the Consolidated Strategy on the 4IR for ASEAN to provide necessary policy direction for the region’s transformation. Much support in terms of capacity building and technology transfer has also been garnered from advanced extra-ASEAN partners to help the region embrace and benefit from the 4IR,” said Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation) of MIDA.

He also added, “Italy, on the other hand, is at the forefront of the Fourth Industrial Revolution and digitalisation in many ways. As one of the countries with the most high-tech companies, it reflects Italy’s capability in adopting advanced technology and digitalisation in their manufacturing and businesses. In this regard, technology transfers by Italian firms by setting up firms in ASEAN that offers vast markets and growth opportunities to the Italian firms is a mutually beneficial equation.”

“MIDA in our capacity, has also been working with economic representatives such as chambers of commerce from different nations and valuable partners like Italia ASEAN to understand the needs of our global counterparts so we can facilitate their business needs. Dialogues as hosted today, give us a wider opportunity to share a two-way conversation with the multiple industry players and understand their expectations from investment perspectives,” highlighted Mr. Sivasuriyamoorthy.

Proposition papers to be presented during the Summit:

• Energy transition and circular economy in ASEAN: state-of-the-art, national plans and investment opportunities; and
• ASEAN Smart Infrastructure for a Sustainable Future: Trends and Opportunities to Attract Italian Investments.

Among the speakers: The Honourable Dato’ Sri Mustapa Mohamed (Minister in the Prime Minister’s Department (Economy), Malaysia), His Excellency Airlangga Hartarto (Coordinating Minister for Economic Affairs, Indonesia), His Excellency Sok Chenda Sophea (Minister attached to the Prime Minister and Secretary-General of the Council for the Development of Cambodia), Mr. Romano Prodi (President, Associazione Italia-ASEAN; former Italian Prime Minister; former President, European Commission), Mr. Cherdchai Chaivaivid (Director-General of the Department of International Economic Affairs, Ministry of Foreign Affairs, Thailand), Mr. Carlo Ferro (President, Italian Trade Agency), Mr. Aladdin D. Rillo (Senior Economic Advisor, ERIA; former Deputy Secretary General, ASEAN), Mr. Allan B. Gepty (Assistant Secretary, Department of Trade and Industry, Philippines), Ms. Shinta Widjaja Kamdani (Vice Chairwoman, Indonesian Chamber of Commerce and Industry – KADIN and CEO, Sintesa Group), Mr. Raffaele Langella (Director International Affairs, Confindustria; Former Italian Ambassador to Singapore), Mr. Jacob Lee Chor Kok (Vice-President Federation, Malaysian Manufacturers and Managing Director, Asli Mechanical), Mr. Luca Maestripieri (Director, Italian Agency for Development Cooperation), Tan Sri Dr. Mohd Munir Abdul Majid (Chairman of ASEAN Business Advisory Council, Malaysia, President of the ASEAN Business Club, Chairman of CARI ASEAN Research & Advocacy), Mr. Alfredo Perdiguero (Director for Regional Cooperation and Integration, Asian Development Bank), Mr. Alberto Pietra (Marketing & Strategic Campaigns, Senior Vice President Asia, Far East & Oceania, Leonardo), Ms. Sonklin Ploymee (Deputy Secretary General, Bureau of Investment, Thailand), Mr. Sihasak Phuangketkeow (Special Advisor on Foreign Affairs, Eastern Economic Corridor, Thailand; former Permanent Secretary, Thai Ministry of Foreign Affairs), Mr. Bui Nhat Quang (President, Vietnam Academy of Social Sciences), Mr. Sivasuriyamoorthy Sundara Raja (Deputy CEO, Investment Promotion and Facilitation, MIDA), Mr. Paolo Svara (General Manager EGEM Singapore, Head LNG Mozambique, ENI), Mr. Lennon Tan (President, Singapore Manufacturing Federation and Chairman, ADERA Global Group), Mr. Valerio De Molli (Managing Partner and CEO, The European House – Ambrosetti), Mr. Lorenzo Tavazzi (Partner and Responsible for International Development, The European House – Ambrosetti), Mr. Michelangelo Pipan (Executive Vice President, Associazione Italia ASEAN), Mr. Romeo Orlandi (Vice President, Associazione Italia – ASEAN, Italy), Mr. Michael O.K. Yeoh (President, KSI Strategic Institute for Asia Pacific), Mr. Luca Bernardinetti (Chairman and CEO, Mahanakorn Partners Group).

This High Level Dialogue has delivered important achievements in the relations between Italy and ASEAN, namely:

• Since September 2020, Italy officially became a Development Partner of the ASEAN Region; and
• The “High Level Dialogue on ASEAN Italy Economic Relations” has become an official instrument of the Italian Ministry of Foreign Affairs for International Relations with ASEAN member countries.

This event is part of The European House – Ambrosetti’s broader program of International Summits. Over the last six (6) years, The European House – Ambrosetti has created seven (7) exclusive platforms of interaction among world leaders in several countries: ASEAN, China, France, Middle East, South Africa, USA, European Union – Brussels.

This group of Summits has become a national resource because it allows Italy to have platforms for interaction among leaders who are independent, objective and voluntary, who aid Italy in acquiring privileged information, identifying business and investment opportunities and boosting Italy’s reputation.

To date, it has resulted in dozens of Italian investment initiatives in these countries, undertaken thanks to The European House – Ambrosetti Summits.

*****

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

About The European House – Ambrosetti
The European House – Ambrosetti is a professional Group, with 250 professionals, operating since 1965. For over 50 years we have been working alongside Italian businesses and each year we provide consulting to about 1,200 clients, including more than two hundred strategic scenarios and studies aimed at Italian and European institutions and companies, and around one hundred and twenty governance pacts for family-run businesses. In addition, each year about 3,000 Italian and international experts are involved in more than 500 events we organize for over 15,000 managers whom we follow in their personal and professional paths to growth.

The European House – Ambrosetti was named — in the category Best Private Think Tanks — the no. 1 think tank in Italy, the no. 4 think tank in the European Union and among the most respected independents in the world out of 11,175 on a global level in the latest “Global Go To Think Tanks Report” of the University of Pennsylvania. The European House – Ambrosetti was recognized by Top Employers Institute as one of the 131 Top Employers 2022 in Italy.

Media Contacts

Mr. Faizal Jalaluddin
Director, Foreign Investment Division, MIDA
Email: [email protected] | DL: +60322676650

Ms. Fabiola Gnocchi
The European House – Ambrosetti
Email: [email protected] | DL: +39 02 46753352 | MOB. +39 349 7510840

6th High Level Dialogue on Asean Italy Economic Relations

Kuala Lumpur, 15 July 2021 – US-based Applied Engineering (AE) from San Jose, California will be establishing a joint venture (JV) plant with Malaysian counterpart, QES Manufacturing Sdn. Bhd. (QES) in Batu Kawan Industrial Park, Pulau Pinang later this year.

Both parties signed an agreement to establish, Applied Engineering Technology (M) Sdn Bhd (AET), a JV company, to provide high-tech electromechanical contract manufacturing services, from prototyping to high volume production, through its New Product Introduction (NPI) process and advanced custom solutions.

The JV operation is designed to cater to the specific needs of clients in the semiconductor equipment manufacturing, life science and medical devices, defence, and aerospace market segments, not only in Malaysia, but also to ASEAN countries and China.

The proposed initial investment for AET is approximately RM5 million, with an initial workforce of 20 workers, comprising mainly engineers and technicians. The investment is set to expand up to RM20 million over the next three (3) years. The company looks to kick-start its operations in a temporary premise before moving to its new factory in Batu Kawan Industrial Park during the fourth quarter of 2022.

Mr. Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) remarked, “The electrical and electronics (E&E) and related services industries continue to assume a critical role in Malaysia’s industrial development as they are part of the critical global supply chain and ecosystem to support other high technology industries. Over the years, Malaysia has developed a reputable skilled talent pool, facilitative investment environment, as well as deep integration with international supply chains, offering the ideal mix for high-tech investors in the industry.”

“MIDA is optimistic that AE’s presence here will further boost the development of our high technology equipment ecosystem, enable more opportunities for our local vendors and spur high-employment for Malaysian. Our MIDA office in San Jose has been working closely with AE since December 2019; and in May 2021, AE and QES signed a Memorandum of Understanding (MOU). This JV is in line with MIDA’s strategies to attract high-tech companies to invest in the country, and expand domestic linkages into regional and global supply chains, as per the National Investment Aspirations (NIA). We are proud to witness AE choosing Malaysia for its first overseas investment,” Mr. Arham added.

The President of AE, Mr. Jack Yao expressed appreciation for MIDA’s efforts in facilitating, supporting and expediting the company’s JV undertaking in Malaysia and finding a suitable partner in QES. “Malaysia will provide the launching pad to AE’s strategical move to expand outside USA to service its major customers in Malaysia and the Asia Pacific. AE will bring its latest generation of high-end technologies to Malaysia and builds up a whole new technology sector. A significant number of R&D activities are also planned for this new location. Malaysia can benefit its position as a technology-country and can strengthen the region as a high-tech manufacturing hub in Asia Pacific.”

Mr. Chew Ne Weng, President of QES Group Bhd., also thanked MIDA for the introduction of AE to QES. “Being a joint-venture partner here, we will play our role to support this high technology equipment manufacturing project using our established networks across ASEAN, China and other parts of Asia for AET to expand from Malaysia. QES hopes to leverage the well-established and technical strength of AE to further improve our manufacturing capabilities. Together with MIDA, QES anticipates AET will create a sustainable high technology equipment manufacturing eco-system within E&E and medical segments for Malaysia,” said Mr. Chew.

AE through this JV with QES with benefit from the enlarged ASEAN market of 662 million people. The project also stands to reap the benefits of Malaysia’s various Free Trade Agreements, both bilaterally and those under the auspices of ASEAN.

****

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 QES Manufacturing Sdn. Bhd.

QES Manufacturing Sdn. Bhd. established in 1991, is a company incorporated in Malaysia with its business address at No. 9, Jalan Juruukur U1/19, Hicom Glenmarie Industrial Park, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan. QES (a wholly owned subsidiary of QES Group Berhad) is the intermediate holding company for all its companies under the Manufacturing Division. QES Group of Companies has registered a steady growth over its 30-year history and emerged into a prominent integrated solution provider with manufacturing competence.

QES’s subsidiaries specialise in design, development, and manufacturing of semiconductor inspection, measuring, automated handling equipment and Industry 4.0 solutions. QES is known in the industry as an original equipment manufacturer.

About Applied Engineering, Inc.

ELECTRONIC INTERFACE COMPANY dba as Applied Engineering Inc, is a California corporation with its business address at 6341 San Ignacio Ave. Suite 10, San Jose, CA, 95119 (“AE”). AE is a 100% employee-owned company situated in San Jose and has been in business since 1979. AE specialises in electro-mechanical contract manufacturing services from prototype to high volume production for semiconductor, life science, defence, aerospace, and emerging technology.  AE is known in the industry as a contract manufacturer.

AE distinguishes itself by providing advanced custom solutions through the New Product Introduction (NPI) process that is custom-made to meet the specific needs of its clientele. The company’s state-of-the-art technology and globally renowned methods ensures that its clients’ products and services surpass expectations.

Media Contacts 

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

Alicia Chan (Ms)
Email: [email protected] | DL: +6012-468 3099

Liana Slater (Ms.)
Email: [email protected] | DL: +1 408-605 8028

American High-Tech Company, Applied Engineering Inc. Setting-Up Joint Venture Operations with Malaysian QES Manufacturing Sdn. Bhd.

The logistics industry is expanding rapidly in Malaysia especially in the Klang Valley, in tandem with the robust growth of the digital economy and industry 4.0 in the country. Recognising the potentials of Selangor to become the logistics gateway to South East Asia catering to the needs of the ASEAN and APAC region, the Malaysian Investment Development Authority (MIDA) and Invest Selangor jointly organised the Investment Forum on Logistics Industry with the theme, ‘Deepening Logistics Supply Chain in Selangor’ at the Concorde Hotel Shah Alam today

10 July 2018, Shah Alam – The logistics industry is expanding rapidly in Malaysia especially in the Klang Valley, in tandem with the robust growth of the digital economy and industry 4.0 in the country. Recognising the potentials of Selangor to become the logistics gateway to South East Asia catering to the needs of the ASEAN and APAC region, the Malaysian Investment Development Authority (MIDA) and Invest Selangor jointly organised the Investment Forum on Logistics Industry with the theme, ‘Deepening Logistics Supply Chain in Selangor’ at the Concorde Hotel Shah Alam today.

The half day event, which attracted approximately 200 logistics players, was officiated by YB Dato’ Teng Chang Khim, Senior Executive Councillor of Selangor State Government. Also present at the event was Mr. Arham Abdul Rahman, Deputy Chief Executive Officer of MIDA and Dato’ Hasan Azhari Hj. Idris, CEO of Invest Selangor.

In YB Dato’ Teng’s speech, it was highlighted that this is the first time ever for Invest Selangor and MIDA to organise an Investment Forum on Logistics Industry. He believes that this initiative will continue in order to position the industry in Selangor and make the state a regional hub for logistics. “We want to see more collaborations and cooperations between Invest Selangor and MIDA as well as other related agencies and organisations to boost the logistics supply chain in Selangor,” said YB Dato’ Teng.

Meanwhile, the Deputy CEO of MIDA said, “Being the world’s 24th largest trading nation, Malaysia’s logistics industry plays an integral role in enabling the growth of the country’s supply chain. From MIDA’s on-going engagements with the industry, we noticed an increasing trend of companies venturing into more specialised activities. We hope to see more industry players emulating some of these best practices as well as leveraging on the facilities provided by the Government, such as the Integrated Logistics Services (ILS) and International Integrated Logistics Services (IILS) to encourage the growth of Malaysian companies in the logistics industry.”

As at April 2018, MIDA has approved 89 ILS projects with total investment of RM5.9 billion. Meanwhile, 123 companies have been approved with IILS status enabling them to obtain the Freight Forwarding License from Customs.

Dato’ Hasan in his welcoming remarks said that Invest Selangor’s commitment is to ensure all the necessary business friendly features are made available in the state. He is confident that Selangor will continue to be the most competitive place to do business in the ASEAN landscape, providing the best and most conducive investment environment for local and foreign investors.

The Malaysia Institute of Transport (MITRANS) in collaboration with MTRANS Logistics and Transportation Solutions (MTLT) also launched its Malaysia Logistics Performance Index (MLPI) during the event today. The MLPI establishes performance indicators for the freight logistics industry in Malaysia based on the views of industry professional particularly the local logistics service providers and manufacturers. It also provides comparisons with the findings from the Logistics Performance Index (LPI) conducted by the World Bank. This interactive database can be used as a one stop data centre towards developing a more comprehensive strategic plan for Malaysia’s logistics industry.

The investment forum aimed to provide more insights on the logistics industry’s readiness in terms of technology, talent development and infrastructure. The panel discussion was moderated by the Chairman of the Federation of Malaysian Manufacturer’s Selangor branch with panellists that consisted of key speakers from Sin-Kung Logistics, Port Klang Authority, MITRANS and Logistics Worldwide Express (LWE). Selangor Logistics Clinics (Business Matching Sessions) were also provided for participants to engage with 10 related organisations at the forum.

***********

ABOUT INVEST SELANGOR

Invest Selangor Berhad is the first contact point for corporations planning to invest in Selangor, Malaysia. We are a one-stop agency, which provides information and advisory services to potential and existing investors as well as assistance in setting up operations in Selangor. If you wish to learn more about Invest Selangor, please visit our website: www.investselangor.my

For more information, please contact:

Mr. Azrul Shah Mohamad / Mrs. Haslinda Hussin

Corporate Communications Division, Invest Selangor Berhad

Tel: 603 55102005 | Emails: [email protected] / [email protected]

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 more information, please contact:

Puan Roeslina Abbas

Director, Business Services & Supply Chain Innovation Division, MIDA

Tel: 03-2267 6676 | Email: [email protected]

Puan Noor Aini Samoon

Director, MIDA Selangor

Tel: 03-5518 4260 | Email: [email protected]

Download:

Speech by Mr. Arham (MIDA DCEO)_Investment Forum on Logistics, 10 July 2018

Speech by YB Dato’ Teng Chang Khim (Selangor Exco)_Investment Forum on Logistics, 10 July 2018

Speech by Dato’ Hasan (Invest Selangor)_Investment Forum on Logistics, 10 July 2018

MIDA Collaborates With Invest Selangor to Boost Logistics Supply Chain

Exemplary Human Capital Initiatives Towards Building Industry Ready Talents

Osram Donates Specialised Equipment To Four Malaysian Universities

Malaysia is striving to become a leading F&B exporter through Foreign Direct Investments (FDIs) that would attract established brands and with the provision of right support for local companies in meeting global standards. Foreign companies that are seeking to set up their export hubs in Malaysia will be drawn to an ecosystem which has the right infrastructure in place, and where production cost can be reduced while productivity increased – outcomes that can only be achieved through the power of digitalization or smart manufacturing.

• F&B market players in Malaysia can soon harness the benefits of digitalization once it is rolled-out industry-wide resulting from this MoU partnership between Siemens and MIDA
• Digitalization for the F&B sector would create opportunities for manufacturers to compete at a higher level, to save on costs and resources, and to enable faster time-to-market for their products and services
• As a digitalization leader globally, Siemens hopes to bring technical know-how and transfer of knowledge to local manufacturers who are increasingly faced with new challenges in today’s dynamic business landscape 

Malaysia is striving to become a leading F&B exporter through Foreign Direct Investments (FDIs) that would attract established brands and with the provision of right support for local companies in meeting global standards. Foreign companies that are seeking to set up their export hubs in Malaysia will be drawn to an ecosystem which has the right infrastructure in place, and where production cost can be reduced while productivity increased – outcomes that can only be achieved through the power of digitalization or smart manufacturing.

And in this effort to integrate digitalization into Malaysia’s F&B industry, multi-national conglomerate Siemens Malaysia collaborated with the Malaysian Investment Development Authority (MIDA) for the first-ever ‘Recipe for the Future 2018’ event organized today at MIDA’s headquarters in Kuala Lumpur here. The event was held for an audience of 250 participants and customers comprising industry players and F&B manufacturers to gain insights and find opportune possibilities on the solutions and services that could be catered to their specific needs and requirements. A Memorandum of Understanding (MoU) was signed between Siemens Malaysia and MIDA to signify the collaboration between both parties in improving the capacity and competitiveness of the industry through the adoption of digitalization and technology.

For manufacturers, they are guided by new set of expectations like having to consistently push out a high level of product quality, to ensure maximum plant availability, to have optimum resource efficiency, and to increasingly offer the greatest possible flexibility in developing products for their end customers.

These defined standards for manufacturing operations of the future are compounded today by some of the biggest challenges facing the food and beverage sector, namely a fragmented manufacturing environment and aging infrastructure that inhibit productivity. From incompatible equipment by the different vendors across different generations, mismatched proprietary interfaces and standards, to deteriorating machinery that increases the risk of downtime, the implementation of high-tech automation is seen as the answer to enabling maximum plant-wide interoperability. This would encompass concepts like an intuitive, uniform interface, a single engineering platform for all tasks, an integrated and real-time system diagnostics as well as integrated, built-in safety that guarantees customers with better machine uptime.

At Siemens, the proposed single solution of a Plant Wide Automation (PWA) concept would thus offer features like a plant data interface for fast and standardized integration of machines, as well as line monitoring and controlling system to offer real-time acquisition and analysis of production relevant data for the customer to continuous supervise over the plant performance and its optimization. Additionally, the PWA will help to address significant improvements in speed, flexibility and efficiency – serving to reduce time-to-market with shorter innovation cycles to beat volatile markets, generating individualized mass production with greater transparency, as well as keeping energy and resource efficiency to the optimum with higher productivity.

In factory automation, the Optimized Packaging Line by Siemens will enable for a modern filling and packaging solution through the integration of a Totally Integrated Automation concept. This means that a wholly integrated automation along the entire production line – like the goods receiving area, the processing and production aspects to the finished goods warehouse – is now possible through perfectly coordinated range of hardware and software that can communicate with each other.

The half-day F&B event was jointly graced by Siemens Malaysia President & CEO, Mr Indranil Lahiri and Mr Arham Abdul Rahman, MIDA’s Deputy CEO who represented Dato’ Azman Mahmud, CEO of MIDA. According to Indranil, the extensive know-how and established portfolio for the different verticals and market knowledge meant that Siemens is able to support its customers of this F&B sector in Malaysia to make the digital leap and bring value to any parts of the supply chain process.

“With digitalization, manufacturers can meet the global benchmark for productivity and consistency and soon, Malaysia would become the export pull hub for mass production. This partnership with important government agencies like MIDA will facilitate the support system required for the adoption of digital technologies and reach out to the larger base of MIDA customers,” added Indranil.

Following the MoU signing ceremony, speakers from MIDA and Siemens shared on topicssuch as the Future of Manufacturing in F&B, and Government Facilitation with Funds and Incentives. A marketplace showcase was also held featuring various solutions by customers, a simulation demo kit on Industry 4.0, and individual business consultation sessions.

Dato’ Azman, in his speech which was delivered by Mr Arham, highlighted that in Malaysia, the F&B industry has developed significantly over the years with new technology and innovations in tandem with global economic growth. As at March 2018, MIDA approved a total of 2,153 F&B manufacturing projects with investments of RM51.2 billion. While the food processing industry is growing, it only accounts for about 10% of the manufacturing output. To seize growing opportunities, MIDA encourages more companies to work with technology solution providers such as Siemens and invest in technology, upskilling of talents and R&D activities to create new growth opportunities and maintain their competitiveness. Manufacturers that focus on optimising their operations and innovating products to offer new value to their customers will end up becoming true winners.

*****

For media inquiries, please contact:

Vasanthe Narayanasamy

Head of Communications

Siemens Malaysia

Email: [email protected]

Office: +603-7952 4180

Mobile: +6012-315 0515

mailto:[email protected]

Mohd Rasli Muda

Director, Food Technology and Resource Based Division

Malaysian Investment Development Authority (MIDA)

Email: [email protected]

Tel: 03- 2267 3643

Fax: 03- 2274 8467

Website: www.mida.gov.my

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.

Download:

Speech by Mr. Arham Abdul Rahman (DCEO of MIDA)_MIDA-Siemens Seminar_F&B

In Propelling the Nation to Becoming a Leading F&B Exporter, Siemens Malaysia Partners MIDA to Digitalize the F&B Industry

Development of KLIA Aeropolis & Subang Airport Regeneration Initiative to Spur High Value Added FDI

Malaysia Airports Inks MoU with MIDA

The Malaysian Investment Development Authority (MIDA), Malaysian Plastics Manufacturers Association (MPMA) and the Malaysian Petrochemicals Association (MPA) co-organised the biennial MPMA-MPA-MIDA Conference on Government Assistance at MIDA headquarters today. The Conference, attended by over 120 participants, aimed to create awareness and update members on the various Government policies, facilitation and assistance available for the plastics industry

Malaysia Promotes Specialised And High-End Plastic Products

​“In light of the projected double-digit growth of e-Commerce in the region, Malaysia is ready to take part in transforming the existing digital landscape into a bright digital future. The Government through MIDA has expanded the logistics incentive scheme by introducing the second round Integrated Logistics Services (ILS) incentive to encourage logistics companies to adopt technology in their operations and to position themselves as regional e-Fulfilment hub providers in Malaysia. From 2017 until March 2019, MIDA has approved eight e-Fulfilment projects in which seven of these projects are locally owned,” said YB Dr. Ong Kian Ming, Deputy Minister of the International Trade and Industry at the “Investment Opportunities in the E-Commerce Fulfillment Industry Seminar 2019” held in the Ministry of International Trade and Industry (MITI)

Malaysia Offers Vast Opportunities In e-Commerce Fulfillment Industry

​As announced in May, this year, the Malaysian Investment Development Authority (MIDA) has established the East Coast Rail Link (ECRL) Unit as a dedicated contact point to facilitate and promote the development of the Economic Accelerator Projects (EAP) along the ECRL corridor. The Unit is currently engaging with the respective states and interested parties to inform and promote the EAPs

• As announced in May, this year, the Malaysian Investment Development Authority (MIDA) has established the East Coast Rail Link (ECRL) Unit as a dedicated contact point to facilitate and promote the development of the Economic Accelerator Projects (EAP) along the ECRL corridor. The Unit is currently engaging with the respective states and interested parties to inform and promote the EAPs.
• Thus far, MIDA has been involved in many awareness programs to provide information regarding ECRL, including the interview with Bernama News Channel (31 May 2019), the Malaysia-China Manufacturing Roundtable Meeting in Sabah (14 June 2019) and the Malaysia-China Outlook Forum (8 July 2019). Moving forward, MIDA plans to organise seminars and business events to further promote and receive information from companies keen to take part in EAP development.
• Based on the Memorandum of Understanding (MoU) signed by MIDA with the China Communications Construction Company Ltd. (CCCC), MIDA, as the principal investment promotion agency of the country will identify and assist interested Malaysian companies to cooperate with CCCC in the EAPs.
• The EAPs will include the development of an industrial park in the East Coast and West Coast of Peninsular Malaysia to attract trade and investments along the ECRL corridor. It also involves the establishment of logistics hubs at transport interchanges to promote connectivity and transportation of goods under the ECRL project, and transit-oriented development (TOD) stations to promote new development and to support the growth of industrial parks.
• The MoU facilitates cooperation via the establishment of special purpose companies (SPC) between CCCC and the interested Malaysian company for the development of the EAP. CCCC will undertake a feasibility study, development planning, marketing strategies, including investment into the project.
• MIDA, through its promotional network, will facilitate the provision of suitable land for project development. Under the MoU, no exclusivity of land is determined or granted to any parties. Land policy is under the purview of the state authorities. Conditions may be imposed by the respective state authorities handling land matters, namely State Land and Mines offices, depending on the category of land being applied for. Land reserved for natives and Bumiputera cannot be owned by foreigners.

**********************************

For more information, please contact:

En. Farez Amha Abdullah

Senior Deputy Director, ECRL Unit, MIDA

Tel.: 03-2267 3462

Email: [email protected]

ABOUT MIDA

MIDA is Malaysia’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.

MIDA Urges Domestic Companies to Join the Economic Accelerator Projects

Approved Investments in the Manufacturing Sector Reached RM137.9 billion, 1980 – March 2019

Penang, Among Top Investment Destinations in Malaysia