Japan emerges as the largest foreign investor with a 13.8x surge, while Selangor leads as the top recipient of approved investments

• For January to March 2026 (Q1 2026), Malaysia attracted RM92.8 billion in approved investments across the services (RM60.8 billion, 65.5%), manufacturing (RM24.1 billion, 26.0%), and primary (RM7.9 billion, 8.5%) sectors. 

• While total investment value dipped by a marginal 0.2% y-o-y, approved projects are expected to create 50,226 new jobs, representing a 46.7% increase from the same period last year. 

• Foreign Investments (FI) accounted for 60.5% or RM56.2 billion of total approved investments, while Domestic investments (DI) grew 13.0% y-o-y to RM36.6 billion, representing 39.5% of total approvals, reflecting growing confidence among Malaysian businesses.

• Top five (5) sources of FI were led by Japan (RM21.5 billion, a 13.8x y-o-y surge), followed by the People’s Republic of China (RM10.1 billion), the United States (RM10.1 billion), Singapore (RM6.7 billion) and Thailand (RM2.5 billion).

• The top five (5) states that recorded the highest approved investments were Selangor (RM33.5 billion, a 3x y-o-y surge), Johor (RM16.9 billion), W.P. Kuala Lumpur (RM16.9 billion), Pulau Pinang (RM6.2 billion) and Sarawak (RM4.0 billion).

KUALA LUMPUR, 08 June 2026 – Malaysia continues to demonstrate economic resilience amid global geopolitical uncertainty, securing RM92.8 billion in approved investments for the first quarter of 2026 (Q1 2026), with Japan emerging as the largest foreign investor, and domestic investment recording its strongest year-on-year growth in the reporting quarter.

The investments comprise 1,249 projects across the services, manufacturing, and primary sectors. While the total value recorded a marginal 0.2% decline compared to RM93.0 billion in Q1 2025, approved projects are expected to create 50,226 new jobs, representing a 46.7% increase from the same period last year, underscoring stronger labour market impact from approved investments. These approved investments will continue to support income opportunities and Malaysia’s low unemployment rate, underscoring Malaysia’s economic stability amid a challenging global environment.

Among foreign investors, Japan emerged as the largest source of approved investments with RM21.5 billion — a significant increase from RM1.6 billion recorded in Q1 2025 — followed by the People’s Republic of China (RM10.1 billion), the United States (RM10.1 billion), Singapore (RM6.7 billion) and Thailand (RM2.5 billion). The strong Japanese investment performance reflected the deepening economic ties between Malaysia and Japan under the Malaysia–Japan Comprehensive Strategic Partnership established in December 2023. Notably, 93.6% of Japanese approved investments in Q1 2026 were channelled into digital transformation activities, reflecting Malaysia’s growing role in regional high-technology and digital supply chains. 

Selangor recorded the highest value of approved investments at RM33.5 billion, followed by Johor (RM16.9 billion), W.P. Kuala Lumpur (RM16.9 billion), Pulau Pinang (RM6.2 billion) and Sarawak (RM4.0 billion). The top three states have solidified their standing as global data centre hubs, underpinned by a proven track record in attracting investments from tech giants. This success is driven by the integration of Cyberjaya’s mature infrastructure, Johor’s strategic positioning as a key alternative to Singapore, and Kuala Lumpur’s role as the nation’s primary network connectivity and financial heart. MIDA’s Data Centre Task Force is now highly selective, rewarding speed to market only for operators who demonstrate genuine sustainability and long term commitment.

YM Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Chairman of MIDA, said, the Q1 2026 performance reflected Malaysia’s growing ability to attract investments that are more resilient, technology-driven and value-creating for the economy:

“Malaysia’s Q1 2026 investment performance sends a clear signal –  our economic fundamentals are strong. Both global and domestic investors continue to place confidence in this nation. With GDP growing at 5.4% and Moody’s projecting Malaysia as the fastest-growing A-rated economy over the next two years, we are proving that  Malaysia is not just participating in regional value chains. We are emerging as a strategic hub for the industries that will define ASEAN and Asia’s next decade.”

“At MIDA, our focus is to turn this momentum into real value for Malaysians. Through #InvestLokal and the New Incentive Framework for the Manufacturing Sector introduced on 1 March 2026, we are prioritising quality, tech-driven investments that strengthen local industry participation and create high-value jobs. Malaysia is firmly positioning itself at the centre of global value chains –  as a resilient, future-ready investment hub for the world,” he added.

SERVICES SECTOR ANCHOR INVESTMENT MOMENTUM

The services sector remained the largest contributor, accounting for RM60.8 billion or 65.5% of total approved investments, involving 731 projects expected to create 19,758 new jobs.

Top-Performing Sub-Sectors under Services:

• Information and communications: RM38.9 billion
• Real estate: RM15.6 billion
• Utilities: RM2.9 billion
• Distributive trade: RM1.1 billion
• Hotel & Tourism: RM1.1 billion

FI in the services sector rose by 7.9% to RM37.4 billion (61.5%), while DI contributed RM23.4 billion (38.5%). Growth was mainly driven by the Information and Communications subsector, which contributed RM38.9 billion, supported by growing global demand for AI and Digital Transformation. Investments in data centres and cloud computing alone, accounted for RM34.6 billion across 33 projects — representing 88.9% of the subsector’s total approvals.

Global investment momentum in digital infrastructure continues to strengthen. According to the United Nations Conference on Trade and Development (UNCTAD) Global Investment Trends Monitor No. 50 (January 2026), global greenfield investment in data centres exceeded USD270 billion in 2025, accounting for more than one-fifth of total global greenfield value, driven by rising demand for AI and digital connectivity. The report listed Malaysia among the top ten global destinations for data centre projects, reflecting growing investor confidence in the country’s digital ecosystem and regional connectivity. 

BMI, a unit of Fitch Solutions, has further noted that Malaysia is prioritising high-value, AI-focused data centre investments, with approximately 4.6 gigawatts of capacity planned or under construction. 

This growth is further supported by the continued presence of major hyperscale operators such as Microsoft, Amazon Web Services, and Google, strengthening Malaysia’s position as a regional hub for digital infrastructure and next-generation technologies.

Notable Projects Elevating Malaysia’s Services Sector

• Leader Solar Energy III Sdn. Bhd.: A Malaysia-based solar energy project in Kedah under the LSS5+ programme, with an installed capacity of 99.99MW (170 MWp) and an investment of RM261.7 million, is expected to generate renewable electricity and reduce carbon emissions by approximately 2.99 million tonnes of CO₂e over 21 years.

• Equinox Solar Farm Sdn. Bhd.: A Malaysia-based solar energy project in Kelantan under the Large-Scale Solar (LSS5+) programme, with an installed capacity of 99.99MW and an investment of RM197.9 million, is expected to reduce carbon emissions by 2.52 million tonnes over 21 years. 

• BKH Solar Sdn. Bhd.: A joint venture between local renewable energy developer, Conextone Energy, and ENGIE, a global leader in low-carbon energy and services, was established to develop a 30MW solar farm in Bukit Kayu Hitam, Kedah under the Corporate Green Power Programme (CGPP). The project supports renewable energy adoption and Malaysia’s growing green manufacturing ecosystem through a long-term power purchase agreement with STMicroelectronics Malaysia.

MANUFACTURING SECTOR DRIVES HIGH-VALUE EMPLOYMENT OPPORTUNITIES

The manufacturing sector secured RM24.1 billion in approved investments across 501 projects—a 142.0% increase in project count year-on-year, supported by continued investor interest in high-technology and advanced manufacturing activities. 

While total manufacturing investment value moderated by 20.8% year-on-year, this was largely due to a lumpy project from a single basic metal project worth RM6.6 billion approved in Q1 2025. Excluding this project, manufacturing investments recorded a positive growth of 1.0% year-on-year, with the higher number of manufacturing projects reflected a broader and more diversified pipeline of high-impact, technology-driven investments.

The sector remained the key driver of employment, with approved projects expected to create 30,468 or 60.7% of total expected jobs.  The Managerial, Technical and Supervisory (MTS) index stood at 37.4%, signalling continued progress towards a high-skilled, knowledge-intensive economy in line with the New Industrial Master Plan (NIMP) 2030. Notably, 17.9% of these new jobs offer monthly salaries above RM5,000 — with the chemical industry recording the highest proportion at 34.7% — reflecting Malaysia’s continued move towards higher-value and higher-income employment opportunities.

FI accounted for RM16.1 billion (or 66.6%) of the total approved investments in the manufacturing sector, while DI accounted for 33.4% or RM8.0 billion.

Top Performing Industries:

• Electrical and electronics (E&E): RM6.0 billion
• Chemical and chemical products: RM3.9 billion
• Machinery and equipment: RM3.5 billion
• Food Manufacturing: RM3.3 billion
• Transport Equipment: RM2.2 billion

Notable Manufacturing Projects Strengthen Malaysia’s Industrial Base

• Nexperia Malaysia Sdn. Bhd.: A Netherlands-headquartered global semiconductor manufacturer will expand Discrete and IC Assembly/Test operations in Seremban with an additional investment of RM1.6 billion. The expansion is expected to double the facility’s existing production capacity while creating up to 500 additional skilled jobs and 800 semi-skilled jobs over time to support highly automated production line operations, advanced equipment maintenance, and smart manufacturing systems, to the benefit of Nexperia’s global customer base and Malaysia’s industrial ecosystem. 

• WaferWise Semiconductor Sdn. Bhd.: A China-origin semiconductor company will invest RM700.0 million to establish a state-of-the-art 12-inch WLCSP (Wafer-Level Chip Scale Packaging) mass production facility, specifically optimised for automotive CMOS image sensors (CIS). 

• Halo Laser Technologies Sdn. Bhd.: A US-based company and a spin-out from Stanford University is investing RM329.8 million in Malaysia’s semiconductor wafering sector. Specialising in proprietary laser-based manufacturing technologies, the company utilises advanced light-based solutions that deliver higher-quality and lower-cost silicon carbide wafers for applications including AI data centres, e-mobility, energy systems and industrial technologies. This investment strengthens Malaysia’s position in advanced semiconductor materials manufacturing while supporting the growing global demand for next-generation power and high-performance computing applications. 

• Greatech Integration (M) Sdn. Bhd.: A Penang-based Malaysian automation engineering company will invest RM322.0 million into next-generation growth sectors, including the development of advanced power modules for AI data centres, advanced systems for autonomous vehicle (AV) fleet management and expanding into the semiconductor ecosystem by developing specialised modules and components for both front-end and back-end processes. 

• Boston Scientific Medical Devices (Malaysia) Sdn. Bhd.: A United States medical technology company will invest RM308.0 million in Batu Kawan, Penang, to expand production of Intravascular Lithotripsy (IVL) devices for advanced cardiovascular treatment.

• Biocon Sdn. Bhd.: The India-origin company is expanding its operations in Johor with an additional investment of RM226.1 million, focusing on the production of insulin and insulin analogues, recombinant DNA (rDNA) therapeutic proteins, monoclonal antibodies, and sterile injectable products, as well as advanced drug delivery systems, including auto-injectors, cartridges, and pens. 

• Aixtron Malaysia Sdn. Bhd.: A Germany-based leading provider of deposition equipment for the semiconductor industry, is investing RM200.0 million (~EUR40 million) in a Global Centre of Excellence for Manufacturing and Engineering focused on Metalorganic Chemical Vapor Deposition (MOCVD) technology. The investment introduces Malaysia’s first front-end deposition segment for compound semiconductors, strengthening the country’s role in the global value chain for next-generation materials such as Gallium Nitride (GaN) and Silicon Carbide (SiC). These advanced materials improve energy efficiency by reducing power losses and cooling requirements across applications, including AI data centres and electric vehicles (EVs).

• JPG Fuji Sdn. Bhd.: A joint venture between Johor Plantations Group Berhad (JPG) and Singapore-based Fuji Oil Asia Pte. Ltd. is investing more than RM200.0 million to develop a specialty palm oil refinery as part of JPG’s Integrated Sustainable Palm Oil Complex (iSPOC) in Sedili, Johor. Built with IR4.0 capabilities including process automation, digital monitoring and real-time data capture, the facility will produce higher value-added specialty oils and fats for domestic and export markets. Designed as a renewable energy-powered circular economy complex, iSPOC is also expected to create over 200 jobs for Malaysians through a TVET partnership with the Johor Skills Development Centre. 

• Hanan Medicare Sdn. Bhd.: A privately-owned Bumiputera company will invest approximately RM194.9 million in Rawang, Selangor, to develop advanced biopharmaceutical, small volume injectables and galenical manufacturing capabilities. The facility will focus on the production of high value-added pharmaceutical products, including insulin, anti-diabetic drugs, contrast media, and general anaesthetics, while leveraging IR4.0 technologies, automation and digitalisation to enhance efficiency, reduce waste and strengthen Malaysia’s pharmaceutical self-sufficiency and healthcare supply chain resilience. 

• Jemaluang Dairy Valley Sdn. Bhd. (JDV): A wholly Malaysian-owned joint venture will invest RM119.0 million in Mersing, Johor to develop a highly automated smart dairy farming and processing facility under the ECER Incentive Package, integrating advanced technologies and ESG-driven practices to strengthen national food security and modernise the dairy industry. 
• Sheng Long Aqua Technology (M) Sdn. Bhd.: A China-based aquaculture and livestock feed producer under Haid Group, which is a world-leading agricultural enterprise powered by science and technology, will set up a manufacturing facility in Larut & Matang, Perak, focusing on the production of aquaculture feed for both domestic and regional markets. The facility will adopt automated production processes to enhance efficiency and product quality, while incorporating environmentally responsible practices and responsible sourcing to support sustainable aquaculture development in Malaysia.

PRIMARY SECTOR MAINTAINS STABILITY AMID GLOBAL HEADWINDS

The primary sector secured RM7.9 billion in approved investments across 17 projects, a sharp 418.2% year-on-year increase from RM1.5 billion in Q1 2025, driven entirely by oil and gas projects involving offshore development and exploration activities, particularly in Sarawak. The approved investments are dominated by domestic sources with RM5.2 billion (65.5%), while foreign sources contributed RM2.7 billion (34.5%). This uplift comes amid heightened global energy supply concerns following the Middle East conflict that erupted in late February 2026, prompting Asia-Pacific energy-importing nations to diversify their supply sources — with Malaysia’s upstream resources gaining renewed strategic relevance.

POSITIVE OUTLOOK WITH STRONG PIPELINE OF HIGH-IMPACT INVESTMENTS

Malaysia’s investment outlook remains resilient, supported by a steady pipeline of quality investment proposals. As at 5 May 2026, MIDA is facilitating a solid pipeline of 182 potential projects, collectively valued at RM38.3 billion.

• The services sector continues to lead the way, comprising 105 projects worth RM14.1 billion.
• Meanwhile, the manufacturing sector maintains its strong showing with 77 projects valued at RM24.2 billion.

MIDA is also in active discussions for an additional RM91.0 billion worth of potential investments—signalling sustained investor interest and confidence in Malaysia’s long-term economic direction and pro-business policies.

IMPLEMENTATION OF APPROVED MANUFACTURING PROJECTS

Malaysia’s investment performance is driven not only by approvals but also by strong implementation outcomes. Strategic platforms such as the National Committee on Investment (NCI), the Investment and Trade Coordination Action Committee, and the Invest Malaysia Facilitation Centre (IMFC) continue to assume a pivotal role in supporting smooth project execution.

Between 2021 and February 2026, the National Committee on Investment approved 5,148 manufacturing projects, of which: 

• 85.0% have reached various implementation stages, ranging from production to factory construction and machinery installation. 
• 11.8% are in the planning phase, focusing on site selection and consultations with developers. 
• Only 3.2% of projects were abandoned, highlighting Malaysia’s strong project realisation rate.

Annual data shows that: 

• More than 90% of approved manufacturing projects in 2021 to 2024 have been implemented. 
• Projects approved in 2025 have recorded a 70.8% implementation rate, in line with the typical 18 to 24 months development cycle for completion, depending on project complexity.

Examples of implemented projects are provided in Appendix I.

Strong implementation rates continue to reflect investor confidence and the effectiveness of Malaysia’s investment facilitation ecosystem, supported by close inter-agency coordination and MIDA’s investor aftercare services.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said Malaysia’s investment performance in Q1 2026 reflects the country’s strong facilitation and project execution capabilities:

“Despite continued global headwinds, Malaysia remains firmly on investors’ radar, supported by clear policies, strong economic fundamentals, and our ability to move projects from approval to operationalisation. The Asia Manufacturing Index 2026, ranks Malaysia second in Asia after China. This is our highest position in the index to date, and it is matched by results on the ground: of the manufacturing projects approved since 2021, over 85% had reached various stages of implementation as of February 2026.”

“At MIDA, we remain focused on supporting investors throughout their implementation journey. Through facilitation platforms such as IMFC and close collaboration with relevant ministries and agencies, we continue working to strengthen coordination and accelerate project execution. This remains an important pillar in reinforcing Malaysia’s investment competitiveness,” he added.

Looking ahead, Malaysia’s resilient economic fundamentals, growing domestic investor participation, and strong pipeline in high-value sectors — including semiconductors, AI infrastructure, renewable energy and advanced medical devices — continue to position the country well for long term growth despite ongoing global uncertainty.

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About MIDA

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

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

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

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

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

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

For media enquiries, please contact:

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

Malaysia Attracts RM92.8 Billion in Q1 2026 Approved Investments, Expected to Create Over 50,000 New Jobs; Domestic Investments Up 13%

PENANG, Malaysia, 28 June 2025 – Malaysia’s ambitions to become Southeast Asia’s leading electric vehicle (EV) hub took a major leap forward today with the official launch of INV New Material Technology Sdn. Bhd.’s cutting-edge lithium-ion battery separator facility. The RM3.2 billion investment establishes Malaysia’s first commercial facility of its kind, positioning the country as the region’s largest producer of battery separators. The ceremony was officiated by Penang Chief Minister, YAB Chow Kon Yeow, alongside other distinguished government officials and industry leaders.

The newly launched facility will produce 1.3 billion square metres of wet-processed and coated lithium-ion separators – an essential component in EV battery manufacturing. The project has generated over 2,000 job opportunities, including 550+ high-skilled technical roles with wages exceeding RM3,000 per month. It serves as a launchpad for technology and knowledge transfer, equipping Malaysian talent with practical exposure to advanced equipment, structured training programmes, and collaboration with global experts. This holistic approach significantly upskills the workforce in advanced materials and engineering plastics, cultivating a future-ready talent pipeline vital for Malaysia’s long-term growth in the EV and high-tech sectors.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), highlighted the facility’s strategic importance, “The launch of INV New Material Technology’s facility marks a transformative step in Malaysia’s electric vehicle journey. Anchored in the New Industrial Master Plan 2030 and the Chemical Industry Roadmap 2030, this investment bridges a critical gap in our EV ecosystem and embeds advanced materials into our supply chain. It sets a new standard for high-tech manufacturing, while strategically catalysing broader industrial growth, and attracting more global and local players to strengthen Malaysia’s position in the global EV value chain.”

“We are honoured to be part of Malaysia’s journey in building a robust, forward-looking electric vehicle ecosystem,” said Mr. Liu Rui, Chief Executive Officer of INV New Material Technology (M) Sdn. Bhd. “This facility is not just an investment in infrastructure, but a long-term commitment to sustainability, innovation, and talent development. Malaysia offers the strategic advantages, talent pool, and government support we need to make this vision a reality, and we are proud to call it home to our first facility in the ASEAN region.”

INV’s plant also sets a benchmark in Industry 4.0 adoption.  The facility integrates advanced automation, smart manufacturing systems, and digital technologies to maximise operational efficiency, enhance precision, and promote sustainable practices. It stands as a model for responsible, future-forward manufacturing – a clear signal of Malaysia’s readiness to lead the next wave of industrial transformation. With this milestone, Malaysia further cements its position as a dynamic and trusted destination for high-value EV manufacturing and next-generation technology investments.

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About MIDA

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

About INV

INV New Material Technology (M) Sdn. Bhd. is the first subsidiary of Shenzen Senior Technology Material Co., Ltd. in Malaysia. Specializing in the technological advancement of new energy and materials, emerging as a global leader in industry sales. The establishment of INV’s factory in Penang marks a significant milestone as the first lithium battery separator manufacturing facility in the ASEAN Region.

For media enquiries, please contact:

Siti Halimaton Mohd. Rejab
Director of Chemical and Advanced Material Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected]
Tel.: +603 2267 6701

INV New Material Technology (M) Sdn. Bhd.
Mr. Liu Rui
Chief Executive Officer (CEO)
Email: [email protected]
Tel.: +604-566 9888

Malaysia Solidifies Position as Regional EV Hub With Launch of INV New Materials Pioneering Battery Separator Facility

KUALA LUMPUR, Malaysia, 26 June 2025 – DHL has reaffirmed its longstanding partnership with the Malaysian Investment Development Authority (MIDA) through the signing of a new Memorandum of Understanding (MOU) yesterday. Under this renewed collaboration, all four DHL business divisions operating in Malaysia – DHL Express, DHL Supply Chain, DHL Global Forwarding, and DHL eCommerce – will work closely with MIDA to strengthen the logistics and supply chain ecosystem, supporting Malaysia’s position as a leading hub for foreign investment (FI).

The announcement builds on a successful collaboration since 2023, where joint efforts with MIDA’s global and local offices have yielded significant investment outcomes. These  span across key priority sectors, including electrical and electronics, pharmaceutical, digital economy, aerospace, and chemicals – diversified across eight states: Kedah, Penang, Perak, Johor, Melaka, Sabah, Sarawak, and Selangor.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, remarked, “Malaysia’s logistics sector has undergone a remarkable transformation, emerging as a powerhouse of innovation and technological advancement. We’re witnessing developments in digital technology and smart automation, from AI-powered route optimisation and real-time tracking to advanced warehouse robotics and autonomous delivery systems. Through MIDA’s proactive assistance and facilitation, we’ve created an ecosystem that nurtures these technological advancements and our renewed partnership with DHL represents  a strategic alliance that will accelerate Malaysia’s journey towards becoming the region’s premier smart logistics hub.”

“As multi-shoring and multi-sourcing increase in strategic prevalence, Malaysia is well-positioned to capitalise on this momentum due to its regional connectivity and conducive business ecosystem,” said Julian Neo, Managing Director of DHL Express Malaysia and Brunei. “With our extensive network and experience in facilitating cross-border trade, DHL Express is proud to assist MIDA in appealing to global investors by enabling seamless market entry and providing end-to-end logistics solutions. Together, we can make effective progress in our shared mission to bolster the country’s competitive and innovative potential.”

“The expanded partnership between DHL and MIDA also reaffirms our commitment to strengthening Malaysia’s position as a leading regional logistics hub. Our investments in expanding our warehouse footprint and capabilities, including our new warehouse in Southern Malaysia and the opening of Penang Logistics Hub 5, align perfectly with the goals of this MOU. This enables us to continue attracting and supporting global investors in Malaysia. By combining our logistics expertise with MIDA’s vision, we are not only enhancing supply chain resilience for multinational corporations but actively contributing to the nation’s broader economic ambitions,” added Mario Lorenz, Managing Director, DHL Supply Chain Malaysia.

“For multinational corporations eyeing Southeast Asia for expansion, Malaysia emerges as a prime destination, combining strategic geographic advantages with robust infrastructure and business-friendly policies. While technology and manufacturing remain its cornerstone sectors, the country also offers compelling opportunities in high-growth sectors such as life sciences and healthcare, as well as perishables. At DHL Global Forwarding Malaysia, we partner with international businesses to capitalize on these opportunities through our end-to-end logistics solutions that optimize supply chains and accelerate market penetration. Our enhanced partnership with MIDA underscores Malaysia’s readiness to welcome global investors, multiplying their confidence to scale seamlessly while contributing to the nation’s economic ambitions,” said Christopher Lim, Managing Director, DHL Global Forwarding Singapore, Malaysia and Brunei. 

“As global e-commerce continues its strong momentum with a projected CAGR of 7% annually until 2030, Malaysia stands out as a strategic gateway for international brands seeking regional growth. DHL eCommerce plays a pivotal role in seamlessly connecting international supply chains to local markets by supporting with our fulfillment and last-mile delivery services. We ensure that goods move swiftly and securely from homes and businesses nationwide, enabling true end-to-end delivery within Malaysia. Our partnership with MIDA strengthens this mission, helping global businesses reach local consumers faster, more reliably and efficiently. By bridging global supply chains with Malaysia’s dynamic consumer base, we are not only enhancing delivery reliability and customer experience but also reinforcing the nation’s position as an attractive, investor-ready logistics market,” said Saurabh Kumar, Managing Director of DHL eCommerce Malaysia.

DHL remains committed to elevating Malaysia’s profile among multinational corporations seeking to diversify their manufacturing and sourcing operations. With its strong presence in Malaysia and comprehensive end-to-end logistics and supply chain capabilities, DHL is well equipped to support foreign investors in enhancing supply chain resilience by leveraging Malaysia’s strategic location. Furthermore, DHL is strategically positioned to support Malaysia’s New Industrial Master Plan (NIMP) 2030 and its sustainable development targets. 

Malaysia’s robust appeal is further underscored by the DHL Global Connectedness Index, which ranks the nation third in Asia Pacific and 26^th globally in 2024, showing significant improvements since 2001. Complementing this, the Institute for Management Development (IWD) in Switzerland highlights Malaysia’s significant progress, propelling it 11 spots forward to 23^rd among 69 economies in the World Competitiveness Ranking (WCR) 2025, a notable rise from 34^th last year. This global confidence translated into RM89.8 billion in approved investments in Q1 2025, with foreign investments accounting for a dominant RM60.4 billion (or 67%), despite global economic challenges.

All four of DHL Group’s globally operating divisions – DHL Express, DHL Supply Chain, DHL Global Forwarding, and DHL eCommerce Solutions, are present in Malaysia, offering an unparalleled portfolio of services encompassing international express; supply chain management; road, air, and sea freight; and domestic delivery.

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About MIDA

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of more than 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

For media enquiries, please contact:

Lim Ming Yee (Ms.)
Director of Foreign Investment Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected]
Tel.: +603-2267 6727

Tristan Toh
Corporate Communications Manager
DHL Express Malaysia
Email: [email protected]
Tel.: +6012 719 2021

DHL and MIDA Extend Strategic Partnership to Accelerate Foreign Investments into Malaysia

OSAKA, Japan, 18 June 2025 – Wide Agro Ventures Sdn. Bhd., a Malaysian-based company today sealed a strategic partnership with Orec Co. Ltd, a company headquartered in Fukuoka, Japan to establish a new state-of-the-art production facility and distribution centre at Seri Iskandar Industrial Park, Perak, with an initial investment of RM30 million.

This joint initiative was unveiled through the signing of a Memorandum of Understanding (MoU) at the World Expo 2025 in Osaka. The ceremony, held at the Expo’s Business Hall, drew high-level representation from both governments. It was officiated in the presence of  Yang Berhormat Dato’ Salbiah Mohamed, Perak State Executive Chairman for Women, Family, Social Welfare and Entrepreneur Development  (attending on behalf of Yang Amat Berhormat Dato’ Seri Saarani Mohamad, Menteri Besar of Perak), along with senior officials including Yang Berbahagia Dato’ Dr. Roslan bin Mahmood, Senior Division Secretary of the Ministry of Rural and Regional Development, Mr. Mohamad Hashim Abdul Ghani, CEO of InvestPerak Malaysia and Mr. Gulam Muszairi Gulam Mustakim, MIDA Osaka Director.

Yang Amat Berhormat Dato’ Seri Saarani Mohamad, Menteri Besar of Perak, highlighted, “Perak is a land of grace with huge agriculture activity consisting of palm oil, rubber and paddy. Perak’s agricultural sector is a significant part of the state’s economy, contributing 14.2% to GDP. It plays a vital role in food security and exports, with palm oil being a major export. By producing sophisticated machinery and equipment, it will leapfrog the contribution of this sector by enhancing efficiency and productivity nationwide”.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the broader implications of the partnership, “This strategic partnership marks a timely and impactful investment that will strengthen Malaysia’s capabilities in agricultural machinery manufacturing. The Seri Iskandar facility is poised to become a cornerstone in the sector, acting as a catalyst for greater industrial capacity, technology transfer, and export competitiveness. By complementing Japanese engineering excellence with Malaysian expertise, we are building a resilient and forward-looking value chain. This will enhance productivity in the palm oil sector and beyond, while opening doors for local talents, businesses and the wider community to thrive. Seri Iskandar offers a strategic platform aligned with our national agenda to advance mechanisation and digitalisation in agriculture, and to position Malaysia as a regional hub for high-value machinery manufacturing”.

Mr. Ahmad Fadzil Mustafa, CEO of Wide Agro Ventures Sdn. Bhd. commented “This investment marks a significant milestone in the company’s journey in Malaysia. By expanding our manufacturing capabilities in Perak, we are not only reinforcing our commitment to local industrial development but also advancing our mission to deliver light and sustainable agriculture solutions across the region. We believe in transforming the agriculture sector with better technology, responsibly, sustainably, innovatively, and collaboratively with our partner from Japan.”

This strategic initiative will significantly expand the production capacity and enhance the productivity of Malaysia’s agriculture sector—particularly the palm oil industry—in the coming years. Through the MoU, Orec Co. Ltd will provide cutting-edge technology to Wide Agro Ventures Sdn. Bhd. for the production and distribution of agricultural machinery and equipment in Malaysia and the regional market, strengthening their position as key players in the global machinery and equipment industry.

-End-

About MIDA

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

About InvestPerak

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

About Wide Agro Ventures Sdn. Bhd.

Malaysian company based in Seri Iskandar, Perak focusing on producing and distributing agriculture machinery and equipment for local and export markets. Established in 2017, the company has long term partnership with Japanese firm to serve increasing demand of such products particularly in palm oil industry. With vendor’s program participation registered under SD Guthrie Berhad, FGV Holdings Berhad and other entities, Wide Agro Ventures optimistic with bright growth in future to be the leading supplier for agriculture machinery and equipment in this region.

For media enquiries, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Division
DL: +603-22676769
Email: [email protected]

InvestPerak
Ms. Adina Furzanne Abdullah
Investor Relations Manager
Email: [email protected]
Tel.: +6019-5577602

Wide Agro Ventures Sdn. Bhd.
Mr. Ahmad Fadzil Mustafa
Chief Executive Officer
Email: [email protected]
Tel: +6012-3149800

Malaysia’s Wide Agro Ventures and Japan’s Orec Ink Strategic Pact for High-Tech Agro Machinery Hub in Perak

Strategic expansion and PSDC partnership set to accelerate Industry 4.0 adoption and talent development in Northern Malaysia

Penang, 18 June 2025 – KUKA Robotics Malaysia, a subsidiary of Germany-headquartered KUKA — a global leader in intelligent automation solutions and majority-owned by China’s Midea Group – today marked a significant milestone with the official launch of its new Penang branch in Bandar Cassia, Batu Kawan. This strategic move reinforces the company’s commitment to advancing industrial automation and robotics innovation in Malaysia and across the Asia-Pacific Economic region.

The ceremony was graced by YB Tuan Jagdeep Singh Deo, Deputy Chief Minister II of Penang, alongside senior representatives from the Ministry of Investment, Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), InvestPenang, and key industry leaders.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, congratulated KUKA on its office expansion to Penang, stating, “KUKA’s expansion into Penang underscores Malaysia’s robust industrial ecosystem and the growing demand for advanced automation solutions. This new office will assume a key role in supporting our high-technology industries through closer customer engagement, enhanced technical services, and the development of local talent. The initiative is well aligned with the goals of the New Industrial Master Plan (NIMP) 2030, particularly in building Malaysia’s strengths in smart automation.”

This expansion follows KUKA’s successful establishment of its first Malaysian office in Puchong, Selangor and represents a strategic move to support Northern Malaysia’s growing prominence in high-tech manufacturing and smart automation.

During the ceremony, KUKA signed a Memorandum of Understanding (MoU) with the Penang Skills Development Centre (PSDC) to collaborate on robotics training and workforce development — a key initiative aligned with Malaysia’s Industry 4.0 vision.

“Penang’s strength in advanced manufacturing makes it the ideal location for KUKA’s next chapter. We are proud to partner with state agencies and PSDC to shape the next generation of industrial talent,” said Mr. Tean Shen Zen, CEO of KUKA Southeast Asia.

“KUKA’s investment in Penang reflects our confidence in Malaysia as a strategic partner for innovation in automation and robotics,” added Mr. Alan Fam, Chief Regional Officer, KUKA APeC.

The new facility features:

• State-of-the-art Application Center showcasing KUKA’s latest robotic solutions
• Advanced demonstration areas for electronics, automotive, logistics, and medical applications
• Swisslog AutoStore demo facility highlighting intralogistics capabilities
• Training facilities for workforce development programmes

With this latest expansion, KUKA strengthens its footprint in Malaysia and reinforces its commitment to supporting the nation’s Industry 4.0 transformation. The Penang branch is set to serve as a regional hub for innovation, technical support, and talent engagement — empowering businesses across sectors to embrace smarter, more efficient automation solutions.

-End-

About MIDA

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

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy) and Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About M.A.i GmbH & Co. KG

M.A.i GmbH & Co. KG is a global provider of automation solutions in special machine construction, headquartered in Kronach, Germany. The company develops individual solutions for industries such as automotive, medical technology, electronics, and new energy. In addition to its German headquarters, which serves as the central innovation, production, and competence center, M.A.i maintains production sites in China and Mexico. With the expansion in Malaysia, the company strengthens its global presence and manufacturing capabilities in strategically important markets.

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division, MIDA
Email: [email protected] | DL: +603-2267 6769

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

M.A.i GmbH & Co. KG Headquarters
Hummendorfer Straße 74
96317 Kronach-Neuses
Germany
+49 9261 / 910 000
[email protected]
www.m-a-i.de

M.A.i Automation Technology Malaysia Sdn.Bhd.
PMT3089, Jalan Jelawat, Taman Perindustrian Seberang Jaya,
13700 Perai, Penang
Malaysia
+604 383 92 12
[email protected]
www.m-a-i.my

KUKA Robotics Expands Malaysian Footprint with New Penang Office, Strengthening Nation’s Automation Hub Status

ULU TIRAM, JOHOR, 11 JUNE 2025 – Mosca, a German family-owned company with nearly 60 years of expertise in end-of-line packaging solutions, proudly inaugurated its new state-of-the-art manufacturing facility at Ulu Tiram, Johor, yesterday. The complex, operating as Maschinenfabrik Gerd Mosca (MGM) Sdn. Bhd., represents the company’s third expansion in Malaysia since 2009. The new facility, showcases Mosca’s commitment to technological advancement and sustainable manufacturing.

The Ambassador of Germany to Malaysia, Dr. Peter Blomeyer, officiated the opening ceremony, highlighting the strengthening economic ties between Germany and Malaysia and the importance of the commitment of German companies to investment, employment and vocational training in Malaysia. The event drew distinguished guests including MIDA Johor Deputy Director Mr. Mohamad Ariff Md Mohid, Mosca Group’s Corporate CEOs Mr. Timo Mosca, Mrs. Simone Mosca, and Mr. Alfred Kugler, alongside Malaysian-German Chamber of Commerce and Industry Executive Director Mr. Jan Noether.

MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid praised Mosca’s latest investment through its Malaysian entity, MGM, as a testament to Malaysia’s growing appeal as a high-tech manufacturing destination, “Mosca’s new facility showcases the perfect alignment between German engineering excellence and Malaysian industrial ambition, their commitment to sustainable manufacturing practices and workforce development directly supports our MADANI Economy vision. This expansion reinforces Malaysia’s position as a preferred investment destination for advanced manufacturing, while creating valuable opportunities for our local talent and supply chain partners.”

A Legacy of Family, Growth, and Responsible Industry

Leading the Mosca Group is second-generation CEO, Timo Mosca, who continues the family’s proud tradition of German engineering excellence with a people-first philosophy.

“Malaysia has been a strategic milestone in our family company’s journey toward internationalisation. With today’s inauguration of our new production facility, we are building on that legacy – and sending a strong signal for sustainable growth, collaborative partnerships, and entrepreneurial foresight across borders” said Timo Mosca.

Reflecting on the company’s journey, Witold Nowak, Director of MGM, shared: “From our humble beginnings in a small shop lot in 2009, to our first proper factory in 2013, and now to this cutting-edge facility, our journey is a source of immense pride. But beyond the buildings and machines, it is our people who define us. We have consistently invested in our workforce through development programs that not only build skills but also empower individuals with responsibility and trust. Many of our employees have been with us for over a decade—clear evidence of our long-term commitment and reputation as an employer of choice.”

Investing in Malaysia, Investing in People

Since establishing its Malaysian presence in 2009, MGM has prioritised hiring Malaysian talent at all levels—from assembly workers and technicians to senior management. Special focus is given to individuals with limited access to education in Johor, offering them meaningful career opportunities.

“We do not just offer jobs—we build futures,” said Timo Mosca. “We continuously upskill our employees, regularly sending many of them to our headquarters in Germany for advanced training. We equip them with the same tools, opportunities, and trust as we do anywhere in the world. We are not merely a foreign investor—we are an integral part of the Johor community”, adds Witold Nowak.

Mosca’s commitment to long-term, inclusive growth is reflected in its partnership with local educational institutions to develop technical and vocational programmes. These initiatives aim to build a sustainable talent pipeline, with a special focus on empowering underprivileged youth in Johor—ensuring that industry progress is shared with the wider community.

With the launch of its new facility, MGM reinforces its corporate ethos: Non-Stop Performance, Non-Stop Responsibility, and Non-Stop Progress. MGM is not just delivering precision packaging solutions; it is engineering a future built on purpose, excellence, and unstoppable momentum.

 **The End**

About MIDA

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

About Mosca

Mosca is a global leader in sustainable and innovative end-of-line packaging systems for securing goods in transit. With over 50 years of experience, they specialize in high-performance machinery and sustainable packaging technologies, serving wide range of industries from logistics to manufacturing. With their headquarter in Waldbrunn Germany, Mosca operates in more than 30 countries worldwide including a total of 7 production sites in Germany, Canada, Malaysia, Spain and USA. For more information, visit https://www.mosca.com/en

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Division
DL: +603-22676769
Email: [email protected]

Mosca
Mr. Witold Nowak
Director, Maschinenfabrik Gerd Mosca SDN BHD
Phone: +607-8613398
Cell: +65 8499 0947
Fax: +65 6636 5711
Email: [email protected]

Mosca Celebrates Grand Opening of New State-Of-The-Art Manufacturing Facility in Johor, Malaysia, Driving Sustainable Packaging Solutions

• For January to March 2025 (Q12025), Malaysia attracted RM89.8 billion of  approved investments in services (RM57.8 billion, 64.4% share), manufacturing  (RM30.5 billion, 33.9%), and primary (RM1.5 billion, 1.7%) sectors. This is a  3.7% increase in comparison to the same period last year (Q12024). 
• Foreign Investments (FI) accounted for a substantial 67.3% or RM60.4 billion of  the total approved investments, while Domestic Investments (DI) contributed  32.7% or RM29.4 billion. 
• The services sector, which commands a significant RM57.8 billion shares of the  total approved investments, shows a significant 39.5% y-o-y increase [cf.  RM41.4 billion shares in Q12024]. 
• Top five (5) sources of FI* was led by Singapore (RM28.3 billion), followed by  The United States of America (RM9.9 billion), The People’s Republic of China  (RM7.9 billion), British Virgin Island (RM6.6 billion), and Taiwan (RM1.7 billion). 
• Five (5) states that have recorded highest approved investments include Johor  (RM30.1 billion), followed by W.P. Kuala Lumpur (RM15.0 billion), Sabah  (RM10.9 billion), Selangor (RM10.2 billion), and Pulau Pinang (RM9.2 billion).

KUALA LUMPUR, 11 June 2025 – The Malaysian Investment Development Authority  (MIDA) today announced Malaysia’s investment figures for first quarter of 2025 (Q12025),  securing RM89.8 billion in approved investments, marking a steady 3.7% year-on-year  increase despite a challenging and less favourable global economic backdrop. 

These investments, spread across 1,556 projects in manufacturing, services, and primary  sectors, are set to generate over 33,300 new employment opportunities for Malaysians. The results reflect continued investor confidence in the country’s clear policies and long term fundamentals, bucking the trend of cautious international capital flows due to  geopolitical and macroeconomic volatility, as well as intensifying global competition for  fresh investments. 

Foreign investments (FI) dominated the investment landscape, contributing RM60.4  billion or 67.3% of total investments, while domestic investments (DI) accounted for  RM29.4 billion or 32.7%.

Singapore Champions Approved Foreign Investments 

Approved investments based on foreign sources*, Singapore emerged as the leading  foreign investor with RM28.3 billion, followed by the United States (RM9.9 billion), The  People’s Republic of China (RM7.9 billion), British Virgin Islands** (RM6.6 billion), and  Taiwan (RM1.7 billion).

Johor Leads in State-Level Approved Investments 

In terms of states, Johor recorded the highest value of approved investments (RM30.1  billion), followed by W.P. Kuala Lumpur (RM15.0 billion), Sabah (RM10.9 billion),  Selangor (RM10.2 billion), and Pulau Pinang (RM9.2 billion). 

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and  Industry (MITI) said, “We are encouraged by the 3.7% y-o-y growth for our 1Q2025  approved investments. While these investments are set to create 33,300 new jobs, what  is equally important is the increase in our Managerial, Technical, and Supervisory (MTS)  index – from 44.2% in Q12024 to 46.3% in Q12025 – reflecting the nation’s steady  success in creating higher-skilled, better-paying jobs for our people. With a better  integrated ASEAN economy, which we are working hard on as ASEAN Chair, we are also  paving the way for Malaysia’s continued positioning as a manufacturing and services hub  to this fast-growing 680-million strong region.” 

“The investment environment in 2025 is expected to remain challenging due to continued  geopolitical and macroeconomic headwinds stemming from the US-China trade war.  Nonetheless, although major markets’ protectionist policies and supply chain frictions  continue to weigh in on companies’ investment decisions, Malaysia’s clear policies should  be able to attract more investments from Asia’s growing economy, expected to expand to  about 42% of global GDP by 2040¹,” continued Tengku Zafrul.

National Investment Aspirations (NIA) in Focus 

The focus sector under the National Investment Aspirations (NIA) contributed a total of  RM48.0 billion, representing 53.4% of the total approved investments across various  economic sectors. This approval encompasses 176 projects and is expected to generate  approximately 12,510 new job opportunities. Notable projects include:

• Linergy Power Sdn. Bhd.: With an investment worth RM1.2 billion, Linergy Power  focuses on manufacturing the advanced lithium-ion battery.

Services Sector: Leading the Way in Investment and Growth 

The services sector has emerged as a powerhouse of economic growth, securing RM57.8  billion in approved investments across 1,342 projects. The sector’s performance is  highlighted by a robust 39.5% year-on-year growth, and will create 15,051 new jobs,  marking a significant milestone in the nation’s economic development. 

Foreign investors have shown confidence in Malaysia’s services sector, with investments  surging by 326.6% to reach RM34.5 billion. This skyrocketed increase reflects strong  international interest in Malaysia’s digital infrastructure, tourism, and logistics capabilities. 

Top-Performing Sub-Sectors:

• Information and Communications: RM35.1 billion
• Real Estate: RM13.6 billion
• Support Services: RM4.5 billion
• Financial Services: RM1.7 billion
• Distributive Trade: RM1.1 billion

The information and communications sub-sector stands out, particularly in data centres  and cloud computing. Malaysia is strategically embracing advanced Artificial Intelligence  (AI) technologies to drive sustainable and innovative growth in this space. 

Of the total amount approved, 91.7% was allocated to data centre projects, which are  poised to drive Malaysia’s digital economy forward in alignment with the aspirations  outlined in the Malaysia Digital Economy Blueprint (MyDIGITAL).  

One of the major contributors to this momentum is Speedmatrix Sdn. Bhd., where it  undertakes IT Infrastructure-as-a-service (IAAS) activities and provides end-to-end  management and operational support for digital infrastructure and cloud systems to its  parent company. 

The data centres approved investments trajectory affirms Microsoft’s outlook, which  values Malaysia’s data centre market at USD4.04 billion in 2024, with projections  indicating it will reach USD13.57 billion by 2030. This reflects an impressive compound  annual growth rate (CAGR) of 22.38%.  

Building on this momentum, the nation is proactively ensuring that this digital  infrastructure boom translates into meaningful economic multipliers across diverse  industries and communities. Driving this vital progression is MIDA’s flagship DC Nexus  programme, an initiative designed to foster a robust data centre ecosystem and forge  strategic alliances between multinational corporations and local vendors.

Manufacturing Sector: Advancing Towards High-Value Opportunities 

Malaysia’s manufacturing sector secured RM30.5 billion in approved investments for  Q12025. The approval of 207 projects is anticipated to yield 18,317 new job openings.  

Foreign investments (FI) accounted for RM25.5 billion or 83.8% of the total approved  investments in the manufacturing sector. Domestic investments (DI) contributed RM5.0  billion or representing 16.2% of the total approved investments in the manufacturing  sector. 

A key indicator of the sector’s transformation is the rise in the Managerial, Technical, and  Supervisory (MTS) index, which increased to 46.3% in Q12025, up from 44.2% in the  same period last year. This reflects a concerted national effort to move up the value chain  and create higher-skilled, better-paying jobs. 

Top Performing Industries 

For the first time, leading the list of high-performing industries is the basic metal products  subsector, which secured RM8.9 billion in approved investments. This subsector plays a critical role in strengthening supply chains, particularly as input for upstream iron and  steel products and in supporting significant industries such as the electric vehicle (EV),  energy-efficient vehicle (EEV), and solar energy systems. This highlights Malaysia’s pivot  towards industries that are not only capital-intensive but also strategically aligned with  global technological trends. Other strong contributors include:

• Electrical and electronics (E&E): RM8.6 billion
• Chemical and chemical products: RM4.2 billion
• Fabricated metal products: RM2.3 billion
• Machinery and equipment: RM1.4 billion

This strong foundation paves the way for Malaysia’s next major leap: The National  Semiconductor Strategy (NSS). This phased roadmap aims to elevate Malaysia as a high value innovation hub by moving up the semiconductor value chain into front-end design,  fabrication, and advanced manufacturing equipment. This strategic shift leverages  Malaysia’s neutrality, strong talent pool, and robust ecosystem of MNCs and SMEs. 

Crucial to this evolution is the emphasis on supply chain resilience and sustainability. A  key example is MIDA’s Supply Chain Programme at SEMICON Southeast Asia 2025,  which creates direct pathways for Malaysian suppliers into global supply chains,  especially within high-value semiconductor activities, solidifying Malaysia’s international  market position.

Notable Projects from Global Players 

Several multinational corporations have announced significant projects, reaffirming  Malaysia’s appeal as a manufacturing destination: 

• TF AMD Microelectronics (Penang) Sdn. Bhd. has committed RM1.5 billion  towards integrated circuit and wafer bumping activity. 
• Londian Wason Copper Foil (Malaysia) Sdn. Bhd. is investing RM1.4 billion in  electrolytic copper foil.

Primary Sector: Maintaining Fundamental Strength 

The primary sector secured RM1.5 billion in approved investments across 7 projects,  mainly in mining. The approved investments are dominated by domestic sources with  RM1.1 billion (72.1%), while foreign sources contributed RM0.4 million (27.9%). 

Promising Outlook and Continued Investment Attraction Efforts 

Malaysia continues to position itself as a top-tier investment destination. As of 10 June  2025, MIDA is actively managing a robust pipeline of proposed projects, collectively  valued at RM48.5 billion. The services sector leads this momentum, with 683 projects  accounting for RM27.6 billion, while the manufacturing sector, contributing RM20.9 billion  across 89 projects. 

Complementing this pipeline, an additional RM59.3 billion in high-potential investment  leads are currently under negotiation. These figures signal not only a healthy appetite for  investment but also growing confidence in Malaysia’s economic fundamentals and policy  direction.

Realised Investments for Manufacturing Sector 

Between 2021 to 2024, the National Committee on Investment approved 3,494  manufacturing projects. Of these: 

• 87% (3,042 projects) have progressed into various stages of implementation, including full-scale production, factory construction, and machinery installation.
• 10.2% remain in the planning phase, focusing on critical activities such as site selection and developer consultations.
• Only 2.8% of projects were abandoned—an exceptionally low attrition rate that underscores Malaysia’s strong investment facilitation and execution capabilities.

Annual implementation rates reinforce this credibility:

• Over 90% of manufacturing projects approved in 2021 (94.9%) and 2022 (93.6%) have moved into execution.
• 89.9% of 2023’s and 75.1% of 2024’s projects are already progressing, a robust figure given the average lead time of 12 to 36 months typical for such developments.

This high realisation rate signals not only policy stability but also the efficacy of MIDA’s  investor services and inter-agency coordination. 

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA,  underscored this commitment, “In addition to bringing in good jobs and business  opportunities, the projects secured by MIDA for Q12025 support Malaysia’s national effort  to build a more diversified and resilient economy. To remain a choice location for high performing companies, we will strengthen our local ecosystem as enablers and prepare  our workforce to seize new job and leadership opportunities. By ensuring Malaysia  remains relevant in global value chains, we can attract and anchor investments that  benefit our economy, enterprises and people for the long haul.”

Strategic Opportunities Amid ASEAN Chairmanship 

Malaysia’s economic outlook for the remainder of 2025 remains promising, with a  projected GDP growth rate between 4.5% to 5.5%². The country’s role as the Chair of  ASEAN for 2025 presents a significant opportunity to further strengthen regional  cooperation and integration, enhancing its position as a key economic player within the  region. Malaysia’s investment-friendly environment, driven by government-backed growth  initiatives in high-priority sectors, continues to make it an attractive destination for  businesses.

Malaysia has also made significant strides in global accolades:

• Holding the top position in the SEA-5 Data Centre Opportunity Index³
• Ranking 36th in the Global Soft Power Index 2025⁴
• Jumping seven spots to 12th place in future growth potential⁵

These efforts, coupled with Malaysia’s investment-friendly environment, driven by  government-backed growth initiatives in high-priority sectors, continue to make it an  attractive destination for global and domestic investors and businesses. 

¹https://www.mckinsey.com/featured-insights/future-of-asia/the-rise-of-asian-global-players
²https://www.mof.gov.my/portal/en/news/press-release/4-4-gdp-growth-in-first-quarter-2025-fortifies-malaysias fundamentals-in-the-face-of-global-uncertainties 
³https://www.nst.com.my/business/corporate/2024/12/1152211/malaysia-ranked-first-sea-5-data-centre-opportunity index 
⁴https://www.bharian.com.my/berita/nasional/2025/02/1365770/malaysia-di-kedudukan-ke-36-dalam-global-soft power-index-2025 
⁵https://brandfinance.com/press-releases/from-growth-to-governance-malaysias-rising-global influence#:~:text=A%20major%20highlight%20this%20year,bolstering%20Malaysia’s%20optimistic%20economic%20 outlook.

Note:
*Compilation of foreign investments is based on the ultimate investing country. The ultimate source refers to the home country of the foreign investor that holds control over the decision-making process and investment management, even if the investment flows through several intermediary sources.
** Based on declaration by the applicant company in its submission to MIDA.

***The End*** 

About MIDA 

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

For media enquiries please contact: 

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

Malaysia’s Approved Investments Grow 3.7% Y-O-Y, Generating Over 33,300 New Jobs, Reflecting Continued Confidence in Nation’s Clear Investment Policies

• In Q12024, the plastic industry recorded RM565 million in approved investments, projected to generate 1,018 new job opportunities.
• Emphasis on advancing towards a circular economy with increased recycling activities and new markets for advanced recycling technologies.
• Continued partnership between MIDA and MPMA to drive innovation and sustainable practices in the plastics sector.

Kuala Lumpur, 26 June 2024 – The Malaysian Investment Development Authority (MIDA) and the Malaysian Plastics Manufacturers Association (MPMA) co-organised the MIDA-MPMA Conference on Government Facilitation and Assistance for Circular and Low Carbon Economy at Avante Hotel, Petaling Jaya today. With almost 100 participants, the Conference was successfully organised to provide insight into various government policies, facilitations and assistance for the manufacturing sector specifically the plastic industry.

The MIDA-MPMA Conference featured sessions by speakers from the Ministry of Investment, Trade and Industry (MITI), Ministry of Economy, Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE), Bursa Carbon Exchange, Alliance Bank, and Argus Media.

The plastics industry, intricately linked with Malaysia’s economic growth, has evolved into a high-tech, capital-intensive sector. Its versatility is showcased in products across various industries, making it a cornerstone for sectors like E&E, automotive, aerospace, medical devices, and food packaging.

In 2023, the plastics industry attracted RM4.1 billion in investments across 81 projects, with RM3.21 billion (78%) from foreign sources and RM889 million (22%) from domestic sources. These projects are expected to create 4,249 job opportunities. In Q1 2024, the industry recorded RM565 million in investments, projected to generate 1,018 job opportunities.

MIDA Chief Executive Officer, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, stated, “The growth and transformation of the plastics industry in Malaysia are remarkable, showcasing our nation’s commitment to innovation and sustainability. As we advance towards a circular economy, we see a significant increase in recycling activities, creating new markets for advanced recycling technologies. Our continued progress in this sector is a testament to Malaysia’s dedication to environmental stewardship and economic growth. Malaysia is committed to achieving net zero carbon by 2050. To this end, MIDA is working closely with MPMA to drive industry collaboration and understand the demand and supply of recycled plastic resources, which are crucial for many industry players in their decarbonisation efforts.

He added, “For companies that wish to partake in this journey but are unsure how to get going, they can take advantage of the Automation Capital Allowance, which has been extended until 31 December 2027 and enhanced to cover Industry 4.0 elements, with the capital expenditure limit increased to RM10 million. Additionally, MIDA has introduced the Domestic Investment Accelerator Fund (DIAF), a matching grant aimed at local SMEs and Mid-Tier Companies to foster automation, digitalisation, and ESG practices, and the Foreign Investment Accelerator Fund (FIAF) to facilitate the transfer of high-tech know-how through R&D and training initiatives.”

Speaking at the opening of the Conference, Mr. CC Cheah, President of MPMA said that the main challenge facing the industry is many of the plastics are disposed after used. Therefore, enhancing the recycling rate will help to reduce the plastics pollution issue in our country but this effort must be supported by a holistic approach, e.g. from product design to segregation at source, effective waste collection system and well-managed recycling plants. The development of these infrastructure facilities requires support from all stake holders from the resin producers to plastics convertors, the public at large and the Government.

“MPMA has recently proposed a Plastics Neutrality Masterplan which provides thought leadership to drive towards zero plastics to landfills by 2050. In Malaysia, achieving plastic circularity and neutrality poses several formidable challenges. The Masterplan addresses the challenges by promoting a multi-faceted approach, involving policy reforms, investments in infrastructure, public education campaigns, and collaboration among stakeholders across the plastics value chain. The Masterplan reinforces the industry’s commitment to address concerns related to plastics, by making plastics circular, driving lifecycle emissions to net zero, and fostering the sustainable use of plastics,” added Mr Cheah.

At the Conference, Mr. CC Cheah said that the plastics industry is fully supporting and committed to playing a vital role in contributing towards the country’s target of becoming a carbon-neutral nation by 2050. The plastics industry has started to use solar power as an input of its energy mix several years ago by installing solar panels on the factories’ rooftops to generate solar power. With the implementation of the targeted subsidy, electricity costs have increased substantially. This will encourage more plastics companies to increase their usage of renewable energy the industry is very fortunate to be able to learn from knowledgeable and resourceful speakers on the various types of Government assistance and facilitations. As such, plastics companies are looking for more green energy options such as participating in the Corporate Green Power Programme. MPMA hopes that the Energy Authorities could provide more options and channels in the future so that more green.

The ongoing collaboration between MIDA and MPMA is set to continue driving Malaysia’s advancements in the plastics industry, ensuring sustained progress and innovation.

**The End**

About MIDA

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

About MPMA

The Malaysian Plastics Manufacturers Association (MPMA), established in 1967, is a progressive trade association providing leadership and quality service to its members and the plastics industry.  MPMA is the official voice of the Malaysian plastics industry, representing its members and the industry in Government interaction, spearheading the plastics industry’s growth and providing the platform to assist members in being globally competitive. MPMA currently has about 800 members comprising Ordinary members, which represent about 60 per cent of plastics manufacturers in the country and account for 80 per cent of the country’s total production of plastic products, as well as Associate members who are mainly raw material and machinery suppliers.

Media contacts:

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

MPMA
Mr. SC Chan
Manager, MPMA
Email: [email protected]
Tel: +603 78763027

MIDA – MPMA Conference on Government Facilitation and Assistance for Circular and Low Carbon Economy

• For January to March 2024 (Q12024), Malaysia attracted RM83.7 billion of approved investments in manufacturing (RM43.0 billion, 51.3%), services (RM39.3 billion, 47.0%) and primary (RM1.4 billion, 1.7%) sectors.
• The overall approved investments recorded a notable 13% increase from the same period last year (Q12023).
• Foreign investments (FI) contributed RM47.0 billion (56.2%), while domestic investments (DI) were RM36.7 billion (43.8%). Both categories have shown growth compared to Q12023 with FI notably increasing by 23.8%, while DI rose by a modest 1.6%.
• Top five (5) sources of FI led by Austria (RM30.1 billion), Singapore (RM5.6 billion), The Netherlands (RM3.6 billion), The People’s Republic of China (RM3.4 billion), and The United States of America RM632.8 million).
• Significant investments were approved in Kedah (RM31.3 billion), W.P. Kuala Lumpur (RM21.5 billion), Selangor (RM12.4 billion), Sarawak (RM4.2 billion), and Johor (RM4.1 billion).
• A total of 1,257 projects approved, expected to generate 29,027 new jobs in the country. Total employment increased by 14.6% compared to Q12023.
• Capital Investment per Employee (CIPE) and Managerial, Technical, and Supervisory (MTS) index for the manufacturing sector recorded higher levels at RM2.4 million and 44.2%, respectively, compared to Q12023.
• Notably 77.2% of manufacturing projects approved between 2021 to March 2024 have been implemented.

Kuala Lumpur, 21 June 2024 –Malaysia has shown commendable performance for the period January to March 2024 (Q12024) with a total value of RM83.7 billion in approved investments across various sectors. This represents a solid 13% increase from RM74.1 billion in the same period last year (Q12023). These approved investments comprise of 1,257 projects, which are expected to generate 29,027 new job opportunities for Malaysians.

Foreign investments (FI) accounted for 56.2%, or RM47.0 billion of the total investments, while domestic investments (DI) made up the balance of 43.8%, valued at RM36.7 billion.

Austria topped the list of foreign investors by a very wide margin, with RM30.1 billion (64%) in approved investments, followed by Singapore (RM5.6 billion), The Netherlands (RM3.6 billion), The People’s Republic of China (RM3.4 billion), and The United States of America (RM632.8 million).

In terms of states, Kedah recorded the highest value of approved investments (RM31.3 billion), followed by W.P. Kuala Lumpur (RM21.5 billion), Selangor (RM12.4 billion), Sarawak (RM4.2 billion), and Johor (RM4.1 billion).

Target sectors stipulated by the National Investment Aspirations (NIA) contributed RM53.7 billion, accounting for 64.1% of the total approved investments across 252 projects, which are expected to create 17,056 new job opportunities. The NIA is built on five robust pillars: enhancing economic complexity, creating high-value job opportunities, expanding domestic linkages, developing new and existing clusters, and promoting inclusivity.

Of the total approved investments, RM47.5 billion, or 56.8%, fall under the jurisdiction of MITI/MIDA, covering 500 projects with 18,517 new job opportunities.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade, and Industry (MITI) said, “Approved investments of almost RM84 billion for Q12024, up by 13% year-on-year, reflect how Malaysia has earned investors’ trust. Working closely with MIDA, MITI has delivered not just the investment numbers, but also their speedy realisation to quickly translate these investments into business opportunities for SMEs and jobs for Malaysians. While we acknowledge the usefulness of short-term indicators of our business landscape, the real proof of Malaysia’s competitiveness is in the actual, continuous inflow of investments into key target sectors outlined by NIMP 2030, including in high-growth industries such as semiconductors, data centres, renewable energy and electric vehicles. This is why we will also continue to focus on longer-term industrial reforms and other strategic policy efforts to nurture a conducive investment ecosystem, to drive productivity as well as sustainable, inclusive growth that will pave the way for Malaysia to be one of the top 30 largest economies globally by 2033.”

Malaysia’s Manufacturing Sector Thrives with Substantial Investment Growth

Malaysia’s manufacturing sector experienced significant momentum with approved investments of RM43.0 billion, registering a remarkable 174.9% increase compared to the first quarter of last year. A total of 252 projects were approved, which would create 17,991 new employment opportunities. Of these, 80.8% (14,528) are for Malaysians, with 50.6% in management, professional, technical, supervisory, and skilled labour roles.

Foreign investments (FI) accounted for RM38.2 billion or 88.8% of the total approved investments in the manufacturing sector. Domestic investments (DI) contributed RM4.8 billion or representing 11.2% of the total.

Key indices such as Capital Investment per Employee (CIPE) and Managerial, Technical, and Supervisory (MTS) index also recorded higher levels compared to the same period last year. The CIPE stood at RM2.4 million compared to RM1.3 million previously, indicating higher economic complexity in the approved projects. The MTS index also rose to 44.2%, up from 38.3%, reflecting the creation of higher-quality job opportunities.

The electrical and electronics (E&E) is the major industry underpinning Malaysia’s manufacturing economic growth with approved investments of RM34.3 billion. Malaysia is stepping up efforts to set standards with comprehensive business solutions spanning R&D, manufacturing, supply chain management, logistics, and even global HQ functions.

Despite continued geopolitical uncertainties, Malaysia has managed to position itself appropriately to capture more investments in semiconductors, contributing to a more secure and resilient global semiconductor supply chain. Further impetus for this would be provided by the recently unveiled National Semiconductor Strategy (NSS), which targets to attract at least RM500 billion in investments in the first phase of the plan.

Other key industries contributing to the stellar performance of the manufacturing sector include:

●        Transport Equipment: RM2.2 billion

●        Chemicals and Chemical Products: RM2.1 billion

●        Fabricated Metal Products: RM986.7 million

●        Food Manufacturing: RM692.3 million    

Notable Projects in the Manufacturing Sector:

A notable project contributing to this significant growth is the investment by Infineon Technologies (Kulim) Sdn. Bhd., a global semiconductor leader in power systems and IOT plans to expand with an additional investment of RM30.1 billion (Euro 5 billion) of the original Euro 2 billion investment in its facility in Kulim, Kedah, by building the world’s largest 200-millimetre silicon carbide power fabrication plant.

Other quality projects include:

• Chery Corporate Malaysia Sdn. Bhd.: With an investment worth RM1.4 billion, Chery, a renowned automotive company, aims to boost its production capabilities in Malaysia.
• NovaAir Industrial Gases Sdn. Bhd.: NovaAir specialises in the production of industrial gases. The company is investing RM241.4 million in producing Gaseous Argon, Nitrogen, Oxygen, Helium, High Purity Oxygen, Krypton, Liquid Argon, Liquid Nitrogen, Liquid Oxygen, Neon, and Xenon.
• Industrial Concrete Products Sdn. Bhd. (ICP) : With an additional investment of RM250 million, Industrial Concrete Products Sdn. Bhd. (ICP), a subsidiary of IJM Corporation Berhad, will build its largest manufacturing facility at Bestari Jaya, Selangor. This fully automated smart factory will produce pretensioned spun concrete piles and other precast concrete products, incorporating sustainable practices and significantly reducing labour reliance.

Malaysia’s Services Sector Attracts Modest Investments in Q12024

The services sector recorded RM39.3 billion in investments across 994 projects, set to create 10,988 employment opportunities. Domestic investments (DI) accounted for RM30.6 billion (77.9%), while foreign investments (FI) contributed RM8.7 billion (22.1%).

DI’s robustness was driven by government incentives, a stable economic environment, strategic national initiatives for digital transformation and infrastructure enhancement, and supportive policies for local enterprise development.

The top-performing sub-sectors within the services sector are:

●        Information and Communications: RM17.3 billion

●        Real Estate: RM13.6 billion

●        Global Establishments: RM3.4 billion

●        Financial Services: RM2.3 billion

●        Utilities: RM1.8 billion    

Malaysia’s services sector continues to demonstrate its resilience and attractiveness to investors. The substantial DI underscores the country’s stable economic environment and the Government’s strategic initiatives for digital transformation and infrastructure enhancement.

With particular strength in the information and communications sub-sectors, especially data centres and cloud computing, as well as global establishments, Malaysia is integrating advanced AI technologies to drive sustainable and innovative growth.

Notable Projects in the Services Sector

Notable projects contributing to the sector’s growth include:

• Kedah Cement Sdn. Bhd.: With an investment worth RM120 million, Kedah Cement is integrating sustainable technologies into its operations through an innovative 10MW Waste Heat Recovery System (WHRS) derived from the cement clinkering process. This pioneering system has significantly reduced the company’s carbon footprint and energy consumption.
• Infinity Logistics & Transport Sdn. Bhd.: Infinity Logistics, a leader in integrated logistics services, is investing RM245.5 million to develop a smart warehouse in Malaysia.
• Toyo Tyre Malaysia Sdn. Bhd.: Toyo Tyre, one of the leading tire manufacturers, is investing an additional RM32.8 million to integrate a 16-megawatt peak (MWp) rooftop solar photovoltaic (PV) system into its operations. This expected generation of 16 MWp of clean energy, allows Toyo Tyre to offset 12,195 tonnes of carbon dioxide annually.

• GC Forwarding Service Sdn. Bhd.: GC Forwarding Service, specialising in freight forwarding and logistics solutions, is investing RM19.9 million to establish a new facility in Malaysia. This initiative will enable the company to offer comprehensive services, including freight forwarding, general warehousing, bulk-breaking, and transportation and distribution activities.

Primary Sector Remains Significant

The primary sector secured RM1.4 billion in approved investments across 11 projects, mainly in mining. The approved investments are expected to create 48 new jobs and are dominated by domestic sources with RM1.3 billion (88.7%), while foreign sources contributed RM161.1 million (11.3%).

Attracting Future Investments

Since beginning of the year, MITI and MIDA have executed nine (9) High-Level Overseas Investment Missions to key countries such as Germany, France, Australia, Italy, Singapore and Japan. This is in addition to the numerous official Overseas Working Visits led by the Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim to meet key global business leaders. These proactive efforts have helped Malaysia achieve a significant number of projects and approved investments. These missions are instrumental in exploring economic opportunities, attracting new investments, and fortifying bilateral trade and investment relations with Malaysia.

As of May 31 2024, MIDA is actively pursuing 1,775 proposed projects worth RM68 billion, comprising 1,709 in the services sector (RM44.7 billion) and 66 in manufacturing (RM23.3 billion). While negotiations are ongoing between MIDA and prospect investors for high-potential leads totalling RM60.4 billion.

Effective 1 June 2024, InvestKL has been absorbed under MIDA to streamline functions, reduce investor confusion, and enhance investment facilitation through cumulative expertise. Despite this consolidation, MIDA has guaranteed continued support to new and existing investors procured through InvestKL. Among MIDA’s fresh objectives include elevating Malaysia’s status as a premier global services hub. This rationalisation exercise embodies the MADANI Government’s principles on optimising public resources while also delivering superior services.

Mr. Sikh Shamsul Ibrahim, CEO of MIDA, remarked, “Our stellar Q12024 investment performance is a testament to MITI and MIDA’s tireless dedication to attracting investors and nurturing a fertile ground for growth and innovation. We are steadfast in our mission to propel Malaysia to unprecedented economic heights through strategic partnerships with MITI and other key ministries and agencies. Our vision is to shape Malaysia into a leader in technological prowess, sustainable practices, and a thriving investment landscape. With forward-thinking policies and bold initiatives, Malaysia stands as a premier destination for both global and local investors, driving prosperity for the rakyat, SMEs, and the wider business community. This united effort will steer us towards a future of unparalleled growth and innovation.”

Realised Investments for Manufacturing Sector

Between 2021 and March 2024, the National Committee on Investment has approved 2,638 manufacturing projects. Notably, 77.2% of these projects are already in various stages of implementation, ranging from production to factory construction and machinery installations. While 21.1% are in the planning phase, focusing on initial steps such as site selection and consultations with developers and consultants. A minimal 1.6% remain unimplemented.

The strategic platform of the Invest Malaysia Facilitation Centre (IMFC) at MIDA is instrumental in keeping track and following through approval processes for investment projects by cutting through red tape, while offering indispensable consultation and advisory services. These diligent steps and strategic resource allocation ensure that approved investments transition from paper to reality swiftly. These efforts are pivotal, driving local employment and propelling Malaysia’s industrial and economic landscape to new heights.

Poised for Global Leadership in Key Sectors

Malaysia achieved a high ranking in the UNCTAD Technology and Innovation Report 2023, securing the 7^th position in the industry rank and placing 32^nd among 166 countries in the Frontier Technologies Readiness Index. By combining strategic initiatives, forward-thinking policies, and a commitment to excellence, Malaysia is poised to lead in the global economic landscape.

***THE END***

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

For media enquiries please contact:

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

Q12024 Approved Investments Increased by  13 Per Cent to RM83.7 Billion, Creating 29,000 New Jobs for Malaysians

Kuala Lumpur, June 13, 2024 – Malaysia’s economic growth hinges significantly on domestic investment. In a collaborative effort, the Malaysian Investment Development Authority (MIDA), together with the Federation of Malaysian Manufacturers (FMM) and its strategic partner, the Malaysian Industrial Development Finance Berhad (MIDF), successfully organised the National Investment Seminar: Re-Energising Domestic Investment at the Mandarin Oriental Hotel, Kuala Lumpur. The seminar served as a transformative platform, particularly empowering SMEs, to glean invaluable insights on facilitation, incentives, and business matching and networking opportunities across the manufacturing and services sectors.

Over 300 participants were present at the event, covering various backgrounds such as captains of industry; business associations/ organisations; senior managements from the manufacturing and services sectors; entrepreneurs; Government-Linked Investment Companies (GLICs); banks; private equity firms; venture capitals; academicians; and government officials.

During a luncheon session, YB Liew Ching Tong, Deputy Minister of Investment, Trade and Industry (MITI), delivered special remarks, engaging with industry leaders to foster collaboration and drive initiatives forward. Notable attendees included Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA; Mr. Jacob Lee, Vice President of Federation of Malaysian Manufacturers (FMM); Mr. Fadzlan Abu Bakar, Head of Marketing, Grant and Factoring Management Department, MIDF and Dr. Anthony Dass, Executive Director of the Malaysian Institute of Economic Research (MIER).

In his remarks, Deputy Minister of MITI, YB Liew Chin Tong, underscored the critical need for resilient and robust supply chains, which is the most important concern of firms post-Covid-19 and in the current challenging geopolitical environment. “The MADANI Government led by the Prime Minister YAB Dato’ Seri Anwar Ibrahim has a very ambitious agenda for industries: to grow exponentially, to tech-up, to green up and to share the fruits of growth better. We need to do more to break down the walls between MNCs and domestic firms through win-win localisation programmes to create and enlarge markets for Malaysian firms. We will also need to link the capital market, especially GLICs and GLCs, to invest in high-end manufacturing and R&D. The Government is committed to strengthening supply chain resilience and bring the technology levels of Malaysian firms closer to that of in South Korea, Taiwan, and Shenzhen.”

Chairman of MIDA, Tan Sri Dato’ Seri Dr. Sulaiman Mahbob in his keynote address emphasised, “Recognising the vital role of SMEs in Malaysia’s economy, MITI and MIDA are committed to empowering these businesses. We aim to boost productivity, encourage technology adoption, and enhance competitiveness in local and international markets. We remain steadfast in supporting SMEs on their growth journey.”

“Building on our current momentum and facing the challenges ahead, MITI and MIDA are poised to take on a more dynamic and engaging role in 2024. Our primary focus will be on the comprehensive implementation of all government initiatives and mandates to achieve the desired outcomes aligned with the national agendas. These include the Twelfth Malaysia Plan (12MP), the MADANI Economy Framework, the New Industrial Master Plan (NIMP) 2030, and the National Energy Transition Roadmap (NETR).” he added.  

Mr. Jacob Lee, Vice President of FMM, highlighted “the impressive turnout today speaks volumes. It signifies our collective commitment and enthusiasm to “re-energise domestic investment” and at the same time, to help propel our SMEs into the global supply chain; towards the common aim of advancing the Malaysian manufacturing industry. More importantly, today’s event, the first joint investment seminar by MIDA and FMM,  demonstrates both the industry and the Government’s joint effort and strong resolve to attract and re-energise domestic investment in priority sectors such as electrical and electronics; food and beverage; and pharmaceutical and medical device sectors”.

Dr. Anthony Dass, Executive Director of Malaysian Institue of Economic Research (MIER), presented insights on the World Economy: Challenges and Opportunities, providing valuable economic forecasts and analysis for policymakers and the private sector. Three breakout sessions covered crucial topics including The Industrial Linkage Programme (ILP), ECRL – Impacts on Regional Development and Economic Integration, and Funding and Financing Opportunities.

MIDA’s strategic collaborations with key partners such as FMM forge a strong backbone for local enterprises, fueling domestic investment and elevating Malaysia’s appeal to global investors.

-ENDS-

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

About Federation of Malaysian Manufacturers (FMM)
The Federation of Malaysian Manufacturers (FMM) has been the voice of the Malaysian manufacturing sector since 1968. Representing over 12,300 member companies (3,900 direct and 8,400 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-add services, including training, business networking and trade opportunities as well as regular information updates.

For more information, please contact:

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

FMM
Han Mong Ying
Senior Manager, Corporate Affairs
Tel: 03-6286 7200 Email: [email protected]

MIDA-FMM National Investment Seminar Aims to Boost Domestic Investment, Supply Chain Resilience and Foster Innovation

ANDOVER, Massachusetts, United States, KUALA LUMPUR, Malaysia [June 10, 2024] –– MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that transform our world, today announced that it is set to build a Super Center factory in Penang, Malaysia to support wafer fabrication equipment production in the region and globally. The development plan is to construct the new facility in three phases, with groundbreaking expected to commence in early 2025.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. Aligning with Penang’s ambition to move up the global semiconductor value chain, MKS Instruments unlocks opportunities in semiconductor manufacturing, which creates more high-value job opportunities for the local workforce. I am delighted that MKS Instruments chose to locate its new facility here and I hope the company will be able to reap many benefits from its operation in Penang, the Silicon Valley of the East.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) shared his excitement about the company’s expansion into Malaysia, stating, “MKS Instruments’ decision to build a new facility in Malaysia underscores our nation’s growing reputation as a premier destination for advanced technology investments. This new facility highlights Malaysia’s attractiveness as a strategic hub for innovation and manufacturing, reflecting the company’s confidence in our highly skilled workforce and favourable business environment.”

He added, “Malaysia is blessed with a rich stream of talent and resources, making it an ideal location for high-tech companies like MKS Instruments to expand their operations. MIDA believes the company’s activities in the semiconductor market will significantly enhance the capability of manufacturing processes in Malaysia, aligning with the New Industrial Master Plan (NIMP) 2030.  MIDA is thrilled to welcome the company’s investment, marking a pivotal step in our work to build a stronger future for Malaysia’s advanced manufacturing sector. We look forward to a successful collaboration and invite other industry leaders to choose Malaysia as their preferred investment destination. Together, we will drive mutual growth and further enhance Malaysia’s rapidly expanding high-tech ecosystem.”

“MKS has a proud history of innovations and inventions that have shaped the evolution of the key industries we serve,” said Dr. John T.C. Lee, President and Chief Executive Officer of MKS. “With close proximity to our customers and suppliers and robust technology infrastructure, Penang is home to a strong semiconductor ecosystem. Expanding our business in Malaysia is an important milestone for our company as we seek to continue to enhance our capabilities as a leader across a broad array of semiconductor manufacturing applications.” 

*****

About MIDA

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

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About MKS Instruments

MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at https://www.mks.com.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ construction of a factory in Malaysia. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

Media Contacts:

MIDA

Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division
Email: [email protected]
Tel.: +603 22676769

Invest Penang

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

MKS Instruments

Mr. Bill Casey
Senior Director, Marketing Communications 
Email: [email protected]
Tel.: +1 630 995 6384 

Ms. Kerry Kelly
Partner, Kekst CNC
Email: [email protected]

MKS Instruments Set To Build A Super Center Factory In Malaysia

Informa Markets unites the leading BESS companies to accelerate the ASEAN region’s energy transition.

Key Highlights of ENERtec Asia 2024:

• 300+ Exhibitors showcasing the latest in energy technology.
• 5 International Pavilions featuring global innovations.
• 10,000+ Visitors from around the world.
• 50+ Professional speakers delivering insightful presentations.

KUALA LUMPUR, 6 JUNE 2024 – ENERtec Asia 2024 is set to transform Southeast Asia’s energy landscape. Organised by Informa Markets, this premier event will enhance its focus on Battery Energy Storage Systems (BESS) with the introduction of a new segment – BATTERY & EV Tech (Energy Storage & EV Technology and Solutions).

Scheduled from 26 to 28 June 2024 at the Kuala Lumpur Convention Centre (KLCC), ENERtec Asia will be a one-stop hub for exploring the transformative power of battery technology. This event offers a unique opportunity to witness the future of energy and leverage the possibilities presented by BESS. Supported by The Battery Show and Electric & Hybrid Vehicle Technology Expo, this strategic addition underscores ENERtec Asia’s commitment to fostering innovation in the energy transition market and paving the way for a cleaner, greener future powered by renewable energy.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, remarked, “The transformative power of BESS in Malaysia extends far beyond environmental benefits. It serves as a catalyst for cutting-edge advancements in smart grid technology and energy management systems, driving efficient energy use and substantial emission reductions. With incentives like the Green Investment Tax Allowance (GITA), we’re creating an enticing platform for both local and international renewable energy investors. The integration of BESS is a monumental leap forward for Malaysia, propelling us toward a future powered by green energy. We anticipate significant reductions in emissions, enhanced grid reliability, and a surge in green investments. Malaysia is on track to become a global hub of sustainable development and environmental stewardship.”

Aligned with Malaysia’s ambitious goal of becoming a net-zero emission nation by 2050, the Malaysian Investment Development Authority (MIDA) has formed a strategic collaboration with Informa Markets to drive innovation, attract investment, and position Malaysia as a leader in the region’s energy transformation.

“The inclusion of BATTERY & EV Tech marks a turning point for Southeast Asia’s BESS industry. This positions Malaysia as a leader in the region’s energy transformation by accelerating innovation and attracting investment in BESS solutions.” said Gerard Leeuwenburgh, Country General Manager of Informa Markets.

As the world transitions to sustainable energy, BESS is becoming essential across various industries. They provide grid stability, facilitate renewable integration, and enhance energy access and security. These advancements reduce greenhouse gas emissions, improve grid performance, and increase regional energy independence.

Chan Jian Wen, Country Manager of Eaton Malaysia, commented, “At Eaton, we recognise the immense potential of Battery Energy Storage Systems (BESS) to revolutionise Southeast Asia’s energy landscape. Our innovative solution – EnergyAware – has helped numerous critical operation facilities optimise energy consumption and avoid power interruption. We’re excited to meet organisations at ENERtec Asia 2024 to bring together insights and industry-leading technology.”

John Lewinski, Vice President of The Battery Show, emphasised, “We are thrilled to support ENERtec Asia 2024, reflecting our shared commitment to advancing the battery industry and fostering innovation in the Energy Transition market.”

Malaysia is strategically positioned to leverage BESS to achieve its 2050 target of 70% renewable energy. The country’s proactive approach aligns with BESS development, highlighting its commitment to green energy. The Malaysia Renewable Energy Roadmap (MyRER) outlines targets and investments for BESS projects as part of its energy transition plan.

Southeast Asia, particularly Malaysia, is experiencing a surge in demand for Renewable Energy (RE), Energy Efficiency (EE), and Electric Vehicles (EVs). Battery Energy Storage Systems (BESS) are crucial for ensuring a stable and uninterrupted electricity supply to meet this growing demand. By enabling the ability to store excess clean energy and releasing it when needed, BESS supports a more sustainable and secure energy future for the region.

ENERtec 2024 will unite the industry’s brightest minds, global solution providers, and innovators to showcase latest advancements in mechanical, electrical, energy technology, and battery solutions. The electrifying conferences is also co-organised with The Electrical & Electronics Association of Malaysia (TEEAM), the Energy Industries Council (EIC), and the ASHRAE Malaysia Chapter. For more information, please visit www.enertecasia.com.

****

About MIDA

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

About Informa Markets

Informa Markets (www.informamarkets.com) creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience, and do business through face-to-face exhibitions, specialist digital content, and actionable data solutions. As the world’s leading exhibition organiser, we bring adiverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year.

For more information, please contact:

MIDA
Mr. Nelson Samuel
Director, Green Technology Division, MIDA
Email: [email protected]
Tel: +603-2267 3635

Informa Markets
Ms. Angel Wong
Marketing Manager
Email: [email protected]
Tel: +60 16-217 7488

ENERtec Asia 2024 Ignites Southeast Asia’s Battery and EV Tech Revolution

Seberang Jaya, Penang, June 21, 2023 – The Malaysian Investment Development Authority (MIDA) and the Federation of Malaysian Manufacturers (FMM) has successfully organised the MIDA-FMM Industrial Linkage Day (Penang) at The Light Hotel, Penang today. The event brought together 11 anchors (multi-national companies (MNCs)) and more than 50 local small and medium enterprises (SMEs) under the theme “Accelerating Localisation, Stimulating Economic Growth, Augmenting Sustainability”. The strong turnout of over 200 participants indicated a high level of interest from MNCs operating in Malaysia to source products from local SMEs. Similarly, many SMEs expressed their readiness, to supply to MNCs and eager to be part of the global supply chain. 

The FMM Industrial Linkage Programme (ILP), one of FMM’s flagship programmes, supports SMEs in exploring business opportunities within the global supply chain. It aims to help SMEs overcome high-entry barriers and contribute value to the economy by connecting them with MNCs and large local companies (LLCs) that have the potential to become competitive manufacturers and suppliers.

FMM and MIDA have closely collaborated to promote the ILP as a practical move to assist SMEs in strengthening their business recovery post-COVID-19 and offers benefits to MNCs through cost savings and improved supply chain security.

The event was jointly inaugurated by YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, and YBhg. Tan Sri Dato’ Soh Thian Lai, President of FMM. The programme kickstarted with a presentation by Mr. Kenny Tan, FMM ILP National Task Force Chairman, who presented an overview of the ILP and FMM’s vision for the programme during the launch. While Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA, presented on driving domestic direct investment through partnerships and capability transformation.

The forum on “Criteria for the Successful Localisation”, featured representatives from anchor companies (MNCs) in the electrical and electronics, machining technology and medical device sectors. These companies including   Micron Memory Malaysia Sdn. Bhd., Plexus Manufacturing Sdn. Bhd., VAT Manufacturing Malaysian Sdn. Bhd., Ultra Clean Technology (Malaysia) Sdn. Bhd., Dexcom (M) Sdn. Bhd. and Boston Scientific Medical Device (Malaysia) Sdn. Bhd., shared practical tips on how SMEs can effectively penetrate the global supply chain.  A series of business matching meetings involving 11 MNCs and 50 SMEs also took place during the latter part of the MIDA-FMM ILP Day (Penang).

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, in his keynote address, highlighted, “In such a dynamic business environment, MNCs, LLCs and SMEs have much to gain by joining hands in partnership. Each entity brings unique strengths and advantages to the table. MNCs and LLCs by virtue of their size, are able to provide a depth of expertise, economies of scale, and access to the latest technologies. Over the years, we have attracted many best-in-class firms to anchor their operations in Malaysia. By leveraging the expertise and resources of these MNCs, local businesses can reap the benefits of knowledge transfer, technology adoption, and improved market access opportunities. On the other hand, agile SMEs make quick decisions, operate nimbly, and drive innovation. It is through these partnerships that we create an unstoppable force, ensuring the robust growth of our nation’s economy.”

According to YBhg. Tan Sri Dato’ Soh Thian Lai, President of FMM, “collaboration with MNCs is a crucial factor in enabling the internationalisation efforts of SMEs, empowering them to expand their presence and play a significant role in the global market. Through the Industrial Linkage Programme (ILP), FMM acts as an intermediary and matchmaker and provide a platform to link and connect local SMEs and LLCs with MNCs.  Since the launch of ILP in 2021, we have successfully onboarded 22 anchor companies and 196 supplier companies”.  

“Moving forward, through the ILP programme, we hope to have many spin-off effects and value creation where we can create a pool of world-class local vendors/ suppliers who can add value to the economy” added YBhg. Dato’ Lee Tiong Li, Chairman of FMM Penang Branch.

Ms. Heng Charng Yee, Chief Executive Officer of Globetronics Technology Berhad said “Globetronics began life with a multinational as its first customer and this has enabled the Malaysian-based and owned company to begin operations from a world class quality baseline. This cornerstone fuelled the expansion of the company to what it is today and helped us establish the comprehensive supply chain that we have now in Malaysia”.

Mr. Sayron Ruiz, Engineering Director of Boston Scientific Medical Device (Malaysia) Sdn. Bhd., who was one of the panelists at this event, shared, “This collaborative effort between MIDA and FMM, aimed at bridging MNCs with local SMEs to enhance the supply chain ecosystem and improve the capabilities of local companies, is instrumental in bringing together industry stakeholders and fostering a conducive business environment for growth and innovation. Through the Industrial Linkage Programme (ILP), we have the opportunity to create a pool of world-class local vendors/suppliers who can add significant value to the Malaysian economy. By leveraging the expertise and resources of multinational companies, such as Boston Scientific, we can fuel the expansion and development of local businesses, ultimately establishing a comprehensive and robust supply chain ecosystem in Malaysia.”

*** END ***

ABOUT MIDA

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

ABOUT FMM

The Federation of Malaysian Manufacturers (FMM) has been the voice of the Malaysian manufacturing sector since 1968. Representing over 12,100-member companies (3,700 direct and 8,400 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-add services, including training, business networking and trade opportunities as well as regular information updates.

Media Enquiries

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

FMM    
Ms. Han Mong Ying
Senior Manager, Corporate Affairs
Tel: +603-6286 7200 |Email: [email protected]

MIDA – FMM Industrial Linkage Day Offers Global Supply Chain Business Opportunities to Malaysian SMEs

Kuala Lumpur, 20th June 2023 –  Ovotherm, the world’s leading  supplier of  egg industry products, has inaugurated its first manufacturing site in the APAC region in Klang, Malaysia. This milestone marks a significant achievement for Ovotherm Asia Pacific Sdn. Bhd. as they are committed to meeting the increasing demand for their products in the region while upholding the highest standards of production. The expansion signifies a significant step forward in the advancement of sustainable packaging, highlighting the company’s dedication to addressing the growing demand for reusable egg packaging solutions in the APAC region.

With a global presence, Ovotherm caters to the egg industry’s requirements, prioritising sustainability throughout the supply chain. The company achieves this by utilising 100% recycled materials, such as PET flakes, to manufacture high-quality and eco-friendly egg packaging. An in-depth, peer-reviewed Life Cycle Assessment (LCA) investigation affirms that egg packs made entirely from recycled PET (rPET) demonstrate the most favourable carbon footprint and resource efficiency among all comparable options available in the market. This achievement is made possible by the combination of two crucial factors in rPET egg packs: the utilisation of 100% recycled materials and a minimal energy requirement during processing (eliminating the need for water evaporation, as seen in pulp egg packs).

Expanding in Klang (Greater Kuala Lumpur, Malaysia)

The newly established factory in Klang spans approximately 106,000 square feet and houses advanced machinery for producing high-quality egg packaging from recycled PET flakes. With an investment of approximately MYR38 million, Ovotherm’s commitment to sustainability is further reinforced in the Klang factory through the use of 100% recycled materials during the manufacturing process. The factory is expected to create  employment opportunities for more than two dozen Malaysian employees, who will contribute to the company’s operations.

Datuk Wira Arham Abdul Rahman, CEO of MIDA expressed his support and excitement, saying “I am glad that hear that Ovotherm will be integrating sustainable practices into their business model. Their commitment to environmental responsibility and the circular economy is commendable. This initiative sets a positive example for the industry, and I hope it inspires other businesses to follow suit in adopting sustainable practices.”

MIDA works closely with industry stakeholders to foster a shift in perspectives, creating opportunities which paves the way for Malaysia’s transition to a circular economy while supporting ethical businesses and their efforts to drive Malaysia’s sustainable growth.

Adding to his statement, Datuk Wira Arham stated, “I firmly believe that the Ovotherm initiative will not only contribute to the development of Malaysia’s circular economy industry but also strengthen the resilience of our supply chains and landscape.”

Mr. Franz Hofer, CEO of Ovotherm, highlights Malaysia’s strategic potential as one of the main reasons for the opening of the manufacturing site in Klang, saying, “Choosing Malaysia as our new production location was a strategic move, driven by its unique location at the heart of Southeast Asia, unwavering stability, and a hardworking, motivated workforce.”

With a strong focus on environmental responsibility, Ovotherm’s egg packaging solutions provide an eco-friendly alternative traditional packaging material. By utilising rPET flakes, the company significantly reduces waste and promotes the circular economy. The establishment of the Klang factory, strengthens the company’s presence in the Malaysian market enabling more efficient and timely delivery of its products to customers in the region.

For more information about Ovotherm and its sustainable egg packaging solutions, please visit [https://www.ovotherm.com/ & https://www.earthfriendlypackaging.net/]

END

About MIDA

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

About Ovotherm

Ovotherm is a leading provider of sustainable egg packaging solutions, with a strong focus on environmental responsibility. The company utilizes 100% recycled material, such as PET flakes, to produce high-quality and eco-friendly egg packaging. With a global presence, Ovotherm serves the needs of the egg industry and promotes sustainability throughout the supply chain.

Since 1st January 2023, Ovotherm has recycled an impressive number of approximately 453 billion soft drink bottles into environmentally friendly egg packs, showcasing its commitment to sustainability and resource conservation.

For more information about Ovotherm and its sustainable egg packaging solutions, please visit [https://www.ovotherm.com/ & https://www.earthfriendlypackaging.net/]

For more information, please contact:

MIDA
Ms. Siti Halimaton binti Mohd Rejab
Director of Chemical Division and Advance Materials
Email: [email protected] | DL: +603 2267 6701

Ovotherm Asia Pacific
Ms. Miriam Shastri, Director
Email: [email protected] | DL: 603- 2732 6085

Ovotherm Asia Pacific Sdn. Bhd. Opens its First Manufacturing Site in Malaysia

Kuala Lumpur, 15 June 2023 – Fraser & Neave Holdings Bhd (“F&NHB” or “the Group”) launches its foray into the upstream fresh milk business with a groundbreaking ceremony of the Group’s integrated dairy farm in Gemas, Negeri Sembilan. This momentous milestone puts the Group on track to become one of the largest milk producers in Malaysia when its integrated farm reaches its Phase 1 full production at 100 million litres of fresh milk.

Spread over 2,726 hectares, the farm will eventually house 20,000 milking cows, producing 200 million litres of fresh milk yearly for the local and international markets. The processing and packaging line will be sited right next to the milking parlour, offering Malaysian consumers quality fresh milk at an affordable price. This will also help promote the growth of the local agricultural industry by fostering a skilled workforce and generating job opportunities in the dairy and agriculture industries.

The groundbreaking ceremony was officiated by the Menteri Besar of Negeri Sembilan, Y.A.B. Dato’ Seri Haji Aminuddin bin Harun. Also present to witness the launch were Negeri Sembilan State Secretary, Y.B. Dato’ Mohd Zafir bin Ibrahim, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of Malaysian Investment Development Authority (MIDA), Sivasuriyamoorthy Sundara Raja, the Chairman of F&NHB, Y.A.M. Tengku Syed Badarudin Jamalullail, and F&NHB Chief Executive Officer (CEO), Lim Yew Hoe.

Menteri Besar Negeri Sembilan, Y.A.B. Dato’ Seri Haji Aminuddin bin Harun expressed enthusiasm for the development of F&NHB’s dairy farm in Gemas, emphasising its potential to contribute to the local economy, the Malaysian dairy industry, and the creation of a skilled workforce.

“Projects such as this will not only create new job opportunities and agrobusiness prospects for local communities but also empower them with new technologies in dairy farming. Furthermore, F&NHB’s establishment of a Research & Development (R&D) Centre or Centre of Excellence (COE) for Dairy and Agriculture will contribute to the development of skilled professionals in fields such as veterinarians, animal nutritionists, agronomists, food technologists, and food R&D. These initiatives will undoubtedly enhance job opportunities for skilled workforces, driving growth in the dairy and agriculture sectors,” Dato’ Seri Haji Aminuddin bin Harun stated in his opening address.

F&NHB’s Chief Executive Officer, Lim Yew Hoe, expressed satisfaction with the progress towards realising their ambitions in putting fresh milk into every home in Malaysia.

“Operationalising the integrated dairy farm will result in a vertical integration of F&NHB’s business and operations, reducing our reliance on imported milk for downstream production and distribution. This integration will also help lower the cost per litre of fresh milk, benefitting Malaysian consumers. We also aim to export the fresh milk, potentially making Malaysia a net exporter of fresh milk in the future.”

He further added that in addition to the dairy farm, F&NHB’s plans for feed crop farming within the facility align with the government’s goal of increasing feed crop production to reduce the nation’s dependence on imported feed. Malaysia currently imports nearly 100% of its animal feed from Brazil and Argentina.

Environmental, Social and Governance (ESG) responsibility is a key factor for the farm. Lim said that by reducing the need to import milk, the Group will also be able to reduce its overall carbon footprint due to the reduced need for transporting materials from overseas. The farm will also be designed around sustainable farming and circular economy practices, employing green technology throughout the farm’s processes. The Group is looking to invest at least RM1 billion into developing Phase 1 of the farm.

Mr. Sivasuriyamoorthy Sundara Raja, DCEO of MIDA expressed, ” F&NHB’s development of the integrated dairy farm represents a significant milestone for Malaysia’s self-sufficiency of fresh milk and dairy-based food supply. Apart from economic benefits, the comprehensive agri-food project aids Malaysia’s quest towards sustainable food supply and animal feed supply. The vast prospects of smart farming in dairy production, using technologies for best possible results in cattle care, feed mixing, circular management and diversified dairy products will certainly revolutionise the agribusiness segment in Malaysia.”

“In addition, Malaysia is the location for enterprises wishing to create a presence in the booming global halal market due to the country’s well-established food production ecosystem, skilled manpower and globally accepted halal certification system. Global players are welcome to diversify into innovative processes and advanced technology in the agriculture and food processing industries. By leveraging Malaysia’s business ecosystem and our established local supply chain, it serves as an ideal destination for companies to establish regional production hubs, while enabling the country to fortify its food production” he added.

“We want to express our appreciation and gratitude to the MIDA, Departments and Agencies under Negeri Sembilan State Government such as INVEST Negeri Sembilan (INVEST NS), the Department of Veterinary Services Malaysia, and all other state and federal government agencies who have been a great support in enabling the launch of F&NHB’s venture,” added Lim.

END

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

ABOUT INVEST NEGERI SEMBILAN
INVEST Negeri Sembilan is the main investment arm of the state and was established with the primary goal to ensure a safe and secure passage for every investment in Negeri Sembilan. It is our privilege to assist every investor and business to give our best support to ensure the success of the investment and the business through expert advice and consultation on matters such as site selection, land matters, general policies and procedures, and other matters related to the investing and business.

ABOUT FRASER & NEAVE HOLDINGS BHD
Fraser & Neave Holdings Bhd (F&NHB) is a Malaysian-incorporated and Shariah compliant company listed on Bursa Malaysia’s Main Board. The Group has an annual turnover of RM4 billion from its core businesses in the manufacture, sales and marketing of beverage, dairy and food products. With a rich heritage spanning 140 years, F&NHB is today synonymous with quality and halal products that are trusted by generations. F&NHB is a constituent of FTSE4Good Bursa Malaysia (F4GBM) and F4GBM Shariah Index. The Group employs about 4,000 people across its operations in Malaysia, Brunei, Thailand and Indochina.
For more information, please visit www.fn.com.my.

For more information, please contact:

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

INVEST Negeri Sembilan
Dato’ Najmuddin Sharif bin Sarimon Chief Executive Officer, INVEST NS
Email: [email protected] | DL: +606-765-9570

Fraser & Neave Holdings Bhd
Karen Tan / Jojo Ngo
Email: [email protected] / [email protected]
James Lim
Email: [email protected] | Mobile: +6012-345 1871

F&N Breaks Ground on New Integrated Dairy Farm in Gemas, Negeri Sembilan

Investments in assembly and test operations further extend the company’s cost advantage and provide greater control of supply chain

Melaka, Kuala Lumpur, 13th June 2023 – Texas Instruments Incorporated (TI) (Nasdaq: TXN), today announced plans to expand its internal manufacturing footprint in Malaysia with two new assembly and test factories in Kuala Lumpur and Melaka. Together, these new investments will support TI’s plan to bring 90% of its assembly and test operations internal by 2030 to have greater control of supply.

YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) said, “We are encouraged by Texas Instruments’ continued confidence in the Malaysian investment ecosystem. TI’s plans to expand its assembly and test operations reflect Malaysia’s clear positioning in the global semiconductor supply chain, while complementing our New Investment Policy and New Industrial Master Plan’s focus on attracting hi-tech, high value investments to support our increasingly digitized global and domestic economies. Further, TI’s expanded investment footprint in our country will not only bolster domestic value chains, but also create knowledge-based, high-income employment opportunities for Malaysians.”

The timing of the expansion also aligns with Malaysia’s broader strategy of strengthening the semiconductor industry ecosystem and driving economic growth.

Datuk Wira Arham, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), reaffirmed MIDA’s commitment to facilitating TI’s expansion and fostering a collaborative ecosystem. He emphasized, “MIDA is fully dedicated to supporting TI’s expansion plans, which will not only bring significant investments but also enhanced analog and embedded processing manufacturing capabilities to the country. This partnership further solidifies Malaysia’s position as a leading hub in the region for semiconductor innovation.”

The announced expansion reflects the joint efforts of TI, the Malaysian government, especially MITI and MIDA to reinforce Malaysia’s standing in the semiconductor industry. These initiatives aim to drive economic growth, attract investments, and foster knowledge exchange, contributing to the country’s overall development.

Yogannaidu Sivanchalam, Vice President, Assembly and Test Manufacturing Operations at TI said, “These investments are part of TI’s long-term strategy to expand our internal manufacturing capacity to support the increasing need for semiconductors and provide greater assurance of supply. TI is proud to have been operating in Malaysia for more than 50 years, and our decision to expand our back-end manufacturing is a reflection of the talented and growing team in Malaysia that will be critical to TI’s future.”

Expanding in Kuala Lumpur

TI recently purchased the building next to its existing assembly and test factory in Kuala Lumpur that sits on 18 acres of land. With a potential investment of up to MYR 9.6 billion, the company plans to convert the building into an assembly and test factory with more than 1 million square feet of cleanroom space. Construction is expected to start later this year, with production to begin as early as 2025. The new factory will connect to the company’s existing factory and create nearly 1,300 additional local jobs at full build.

Construction underway in Melaka

TI is also constructing a new, six-level assembly and test factory next to its existing Melaka assembly and test factory. The new factory will include more than 400,000 square feet of cleanroom space and will connect to TI’s existing factory. With a potential investment of up to MYR 5 billion, this new factory will support up to 500 local jobs at full build and is also expected to begin production as early as 2025.

Building the next era of assembly and test in Malaysia

At full production, TI’s new, state-of-the-art factories in Malaysia will feature advanced factory automation to assemble and test hundreds of millions of analog and embedded processing chips daily that will go into electronics everywhere – from renewable energy sources to electric vehicles.

At both factories, environmentally responsible construction methods that emphasize an energy-efficient design will be used to meet one of the Leadership in Energy and Environmental Design (LEED) building rating system’s highest levels of structural efficiency and sustainability: LEED Gold. Advanced equipment in the factories will reduce waste, water and energy consumption per chip, further demonstrating TI’s commitment to responsible, sustainable manufacturing.

Investing in internal manufacturing

TI has a long history of globally owned, regionally diverse internal manufacturing operations. The company has 15 manufacturing sites worldwide, including wafer fabs, assembly and test factories, and bump and probe facilities.

With plans to manufacture more than 90% of its products internally by 2030, TI has the ability to provide customers with geopolitically dependable capacity for decades to come.

Learn more about TI’s growing footprint in Malaysia:

• For images and b-roll video, visit the TI media gallery
• To learn more about TI’s exciting manufacturing roadmap, visit TI.com/manufacturing

-ENDS-

About MIDA

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

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It’s what we do and have been doing for decades. Learn more at TI.com.
TXN-G

Media Contacts

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

Texas Instruments
Ellen Fishpaw
Director, Media Relations
Email: [email protected]

Texas Instruments to Expand Manufacturing Operations in Malaysia

Kuala Lumpur, 2 June 2023 – Malaysia has emerged as a prime destination for Japanese investments from the recently concluded Trade and Investment Mission (TIM) to Japan held from 29 May 2023 to 2 June 2023. The TIM focused on meeting with companies from various sectors including Electrical Vehicle (EV) related components, Electrical and Electronics (E&E), Machinery Parts & Components, Environmental, Social & Governance (ESG), Metal, and Chemical & Chemical Products.

NHK Spring, a key player in integrated metal substrates, will expand production in Negeri Sembilan to meet the soaring demand for these substrates, which are essential for the electrification of automobiles. With the electric vehicle (EV) industry projected to grow significantly, NHK Spring’s expansion plans align with Malaysia’s efforts to foster a robust ecosystem for EV development. The construction of a new plant and facilities is set to be completed by December 2023, reaffirming the company’s commitment to Malaysia since its establishment in Senawang, Negeri Sembilan in 1994. This expansion further solidifies NHK Spring’s role in Metal Based Printed Wiring Boards (PWB) manufacturing and enhances Malaysia’s position in the global supply chain.

OMRON has outlined its future business investment plan, focusing on manufacturing products using renewable energy to contribute to a carbon-neutral society in Malaysia. OMRON’s commitment to sustainability aligns with Malaysia’s efforts to promote environmental-friendly practices and green technology. By investing in renewable energy solutions, OMRON aims to support the country’s transition towards a low-carbon economy, foster technological advancements, and create new opportunities for Malaysia.

JAPEX is collaborating with PETRONAS on carbon capture and storage (CCS) opportunities, including the exploration of suitable carbon dioxide (CO2) storage solutions in Malaysia. As a hydrocarbon exploration, production, and transportation company, JAPEX aims to unlock potential CCS solutions through technical maturation activities, evaluating optimal capture, storage, and transportation methods. The collaboration, announced on January 28, 2022, also entails estimating emissions, capture volumes, and monitoring methods of CO2 stored underground.

“We are delighted by the investment plans by Japanese companies including NHK Spring, CKD Corporation, Denso Corporation and OMRON in Malaysia,” said Datuk Wira Arham Abdul Rahman, CEO of MIDA. “These initiatives align with our national objectives and reflect the confidence global companies have in Malaysia’s business ecosystem. MIDA will continue to actively promote investment opportunities and provide comprehensive support. As we focus on high technology, innovation, and sustainable industries, including the electric vehicle ecosystem, we aim to create vast opportunities for growth. We are committed to fostering strong partnerships and driving sustainable growth, propelling Malaysia’s position as a preferred investment destination.”

Led by Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, the TIM brought together high-level officials from MITI, the Malaysian Investment Development Authority (MIDA), and Malaysia External Trade Development Corporation (MATRADE) to foster strong bilateral relations and attract significant investments. The TIM, covering Tokyo and Osaka, played a pivotal role in securing these momentous investment opportunities.

In Q1 2023, MIDA announced approved investments in various economic sectors totaling RM71.4 billion (USD16.2 billion). Out of this, a total of 14 manufacturing and services projects with Japanese participation were approved under MIDA’s purview, with a total investment worth USD47.0 million. These projects are expected to generate potential employment for 653 people, positioning Japan as the 7th largest foreign investor in this segment for approved investments in Q1 2023.

***ENDS***

About MIDA

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

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected] | T: +60322676650

Malaysia Secures RM23.07 Billion of Potential Japanese Investments

• Re-imagined office re-designs work experiences and future ways of working suited to today’s post Covid-19 world.
• Award winning intuitive office that adapts to differing work modes, moods and needs of associate.
• Hosted special showcase for key stakeholders in government and business associations.

Petaling Jaya, June 14, 2022 – Novartis Malaysia, a leading medicines company continues to solidify it’s presence in market with the reveal of a new state-of-the-art office in Plaza Imazium, Damansara Uptown. More than just a change of address, the new office is part of the company’s strategic growth plan and commitment to future-proofing its business to better serve customers.

Spread over two floors, the office completely redesigns today’s work experience for its associates by placing flexibility at the core and prioritizing human connections and collaborations.

Established in 1972, Novartis Malaysia has evolved tremendously from a small office to a leading player in the healthcare industry hosting three key divisions comprising Innovative Medicines (Pharma and Oncology), Sandoz (Biosimiliars) and the Novartis Global Service Centre Kuala Lumpur (NGSC KL) – one of only five global shared centres in the world. NGSC KL which launched in 2016 has grown in a short span of six yeas from servicing five countries to 25 markets, including Novartis’s own headquarters in Basel, Switzerland with high end, data and digital enabled working solutions.

Mr. Patrik Grande, Country President Novartis Malaysia said:

“For Novartis to achieve its goal and its vision of reimagining medicine, it is critical for future-forward work environments to go hand-in-hand with equally agile business environments. Malaysia’s conducive and adaptive business-friendly support and infrastructure have a key component to our current footprint that has expanded to more than 800 associates in Malaysia, serving 32 million customers across the country.”

“Over the five decades that Novartis has been in Malaysia, Kuala Lumpur’s attractiveness as a regional and global hub has continued to improve, with attractive government incentives, a strong pipeline of key talents, robust infrastructure and ever expanding healthcare market.”

In 2021, Novartis Malaysia contributed over RM1billion to Malaysia’s gross domestic product (GDP), with nearly a quarter coming from its business activities; employed over 80% of Malaysians in high-value jobs; invested over RM4 million in research and development, including 38 clinical trials and real-world evidence generation programmes for several key therapeutic areas; supported local businesses as well as contributed over RM3 million to help protect frontliners and high-risk communities against Covid-19.

According to Grande, Novartis Malaysia intends to continuously grow its engagement with the government and support in strengthening the healthcare system in Malaysia through the smart use of digital and technological innovations that applies Real World Evidence (RWE) in order to guide solutions that can improve patient journeys.

“As part of delivering on our vision and mission, we aim, to be a healthcare partner of choice for our customers. A key priority for Novartis Malaysia continues to be our focus on exploring further Public Private Partnerships (PPPs) in the realm of clinical trials and healthcare system strengthening,” he added.

In support of its expansion plan, YB Dato’ Sri Mustapa Bin Mohamed, Minister in the Prime Minister’s Department (Economy), and Her Excellency Ambassador Andrea Reichlin, Ambassador of Switzerland to Malaysia, graced the showcase of Novartis Malaysia’s new office.

In his keynote address at the showcase, Mustapa said, “ The growth trajectory of Novartis’ footprint in Malaysia is really a feat worth emulating. From hosting a small office in the country 50 years ago to currently being one of the biggest investors in the Malaysian pharmaceutical market. In these trying times, it is indeed heartening to see leading pharmaceutical companies like Novartis’ continuous commitment in Malaysia.”

“With the opening of Novartis Malaysia’s new office that centres on data and digital while envisioning a future working model taking into consideration their staff’s diverse needs, Novartis is leading the way in showing other Multi National Company’s and investors the direction of holistic growth and innovation that Malaysia as a country wants to emulate,” Mustapa added.

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulated Novartis Malaysia on their new space, saying “Over 50 years ago, Novartis stepped foot in Malaysia. Today, the Novartis Global Services Center Kuala Lumpur is home to its Operational Headquarters, serving the entire Asia Pacific Region. This evolution speaks volumes of the company’s confidence in Malaysia, as well as our country’s ability in rising to meet the expectations of leading life sciences companies to not only be future ready but to lead in today’s increasingly hybrid world. MIDA wishes Novartis Malaysia all the best ahead and look forward to the company further leveraging Malaysia’s business ecosystem to grow and serve its customers in the region and beyond for the years to come.”

Chief Executive Officer of InvestKL, Muhammad Azmi Zulkifli said “Novartis Malaysia’s new office reflects great confidence and reinforces Greater Kuala Lumpur as a location of choice for leading global companies. This office not only spearheads the transformation of work but also marks a significant milestone of growth supported by Kuala Lumpur’s diverse talent, strategic location, IR4.0 driven economy and solid infrastructure. We look forward to facilitating more innovative and high-tech investments into Malaysia and to continuously support Novartis’s growth in the region.”

An office for the truly Inspired, Curious & Unbossed

Novartis Malaysia’s new office encapsulates the new Ways of Working (WoW) – Team-aligned, Associate-Led, and Manager-Enabled. Therefore, having an office that places flexibility at the core but prioritizes human connections and collaboration for associates to deliver purposeful and high impact will unleash the power of the over 800 talents who work here.

Additionally, the office has been thoughtfully curated with key enablers and elements in place. It incorporates an Activity-Based Workplace concept which allows associates to leverage the different sections and corners that best cater to their meeting, collaboration or wellbeing needs. The company is also big on driving the adoption of data and digital for associates to embrace digital technologies and data science to work in new ways and create better patient outcomes.

The office is also sustainability-driven with the use of environmental-friendly and recycled materials for its furniture and computer monitors. Thanks to these efforts, the office has been recognized as one of 20 LEED-Gold certified offices and the first WELL-Silver certified (office) in the country.

Earlier this year, Novartis Malaysia addded another feather to its cap by winning Top Employer 2022, having also won for consecutive years of 2021 and 2020. Novartis Malaysia also hosts one of 5 Novartis Global Service Centres worldwide, which have all been certified as Top Employer 3 years in a row. The award recognizes excellence in working environment and further underscores its Inspired, Curious and Unbossed culture.

As a leading medicines company powered by advanced therapy platforms and data science, Novartis Malaysia proved its capability by winning the Medical Technology – Pharmaceuticals award for its predictive tool AXON at the Malaysia Technology Excellence Awards 2022 recently.

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About Novartis
Novartis is reimagining medicine to improve and extend people’s lives. As a leading global medicines company, we use innovative science and digital technologies to create transformative treatments in areas of great medical need. In our quest to find new medicines, we consistently rank among the world’s top companies investing in research and development. Novartis products reach nearly 800 million people globally and we are finding innovative ways to expand access to our latest treatments. About 108,000 people of more than 140 nationalities work at Novartis around the world. Find out more at https://www.novartis.com.

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About Novartis Malaysia
Novartis Malaysia has been present in Malaysia since 1971. Following the merger of Sandoz and Ciba-Geigy, Novartis was formed in 1996. In 2015, Kuala Lumpur was chosen as one of the five Novartis Global Service Centres, which offers IT, HR Services, FRA Operations, Product Lifecycle Services, and Procurement Services to the Novartis group of companies worldwide. In 2021, Novartis was ranked the top contributor by the Clinical Research Malaysia in sponsored research with 16 research projects, leading the market of other healthcare players in this sponsored research space.

Novartis Malaysia Opens the Doors Of Its New Hybrid Office As Part Of Footprint Expansion In Malaysia

Singapore, 16 June 2022 – AEM, a global leader in test innovation, today announced its expansion plans. With a new site in Penang and the US, AEM will also expand its research and development centers (“R&D”) in the aforementioned countries and Singapore, with the new facilities scheduled to start operating by the end of Q3 2022. The expansion of AEM’s Penang, the US, and Singapore manufacturing sites will more than double its current manufacturing space in the three countries and create over 300 additional jobs.

In particular, AEM’s Penang expansion will include an R&D lab that will allow AEM to increase its R&D capabilities, with a strong focus on delivering technologies and solutions for advanced, integrated semiconductor test needs. AEM will also double its headcount in Malaysia to support the expansion, including new roles for technicians, engineers, customer support group, and supply chain management. This expansion allows AEM to tap on the region’s growth opportunities and talents and brings its operations closer to existing and potential customers.

AEM’s US expansion will include R&D, prototyping, and manufacturing in Arizona and California, while the expansion in Singapore will focus on R&D.

“The ability to tap on a diverse talent pool and the high growth potential of Malaysia and Singapore is what makes the region an attractive location for AEM. Our expansion will allow us to better scale up our testing and handling capabilities in tandem with our customers’ needs. It also further solidifies AEM’s position as a hub in the region and its position as a critical node in the global semiconductor supply chain,” says Juha Arola, AEM’s Chief Operating Officer.

Malaysia is strategically positioned in the heart of Southeast Asia, a regional home to top semiconductor and electrical & electronics (“E&E”) companies along with a large technology talent pool. The country is also a crucial player and hub in the semiconductor global supply chain, with approximately 7% of the total global semiconductor trade flowing through the nation. Additionally, the regional growth of the E&E sector is projected to increase by 15% in 2022, propelled by strong global semiconductor sales that are expected to grow by 13.6% in 2022.

“AEM’s decision to expand its plant in Malaysia, notably in Penang highlights our attractiveness as a hub in the semiconductor industry on the world stage, driven by our well-connected and vibrant local E&E ecosystem. MIDA remains committed to growing our E&E and semiconductor industries, working hand in hand with our strategic investors such as AEM. AEM’s expansion will provide new impetus to our efforts to further strengthen Malaysia’s competitiveness in the global E&E value chain while also spurring socio-economic development to our local vicinities; this is indeed a “win-win” situation for both the company and our country in line with the National Investment Aspirations (NIA),” says Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA).

AEM is a Gold Sponsor and the sole sponsor of the SEMICON University Program at SEMICON SEA 2022, which will be held in Penang from June 21 to 23.

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About AEM

AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam (Ho Chi Minh City), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support.

AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (Reuters: AEM. SI; Bloomberg: AEM: SP). AEM’s head office is in Singapore.

Media Contacts
Yasminbee Sheikh
Corporate Marketing Manager, AEM
Email: [email protected]
Tel: +65 9880 0104

AEM to Create Over 300 Additional Jobs with the Expansion of its Singapore, Malaysian and the US Operations