Cochlear Limited (ASX: COH), the global leader in implantable hearing solutions, today announced an expansion of services in its Global Repair Centre located in Kuala Lumpur, Malaysia. The Australian Acting High Commissioner to Malaysia Michael Growder, together with officials from the Australian Trade and Investment Commission, Malaysian Investment Development Authority (MIDA), Association of Malaysian Medical Industries (AMMI), Ministry of Health (MOH), KPJ Healthcare University College and other related bodies attended the ceremony to mark the expansion of the facility

KUALA LUMPUR, MALAYSIA – 18 June 2019: Cochlear Limited (ASX: COH), the global leader in implantable hearing solutions, today announced an expansion of services in its Global Repair Centre located in Kuala Lumpur, Malaysia. The Australian Acting High Commissioner to Malaysia Michael Growder, together with officials from the Australian Trade and Investment Commission, Malaysian Investment Development Authority (MIDA), Association of Malaysian Medical Industries (AMMI), Ministry of Health (MOH), KPJ Healthcare University College and other related bodies attended the ceremony to mark the expansion of the facility.

The Cochlear Global Repair Centre was established in 2015, consolidating eight centres around the globe into one world-class facility. Since its opening, the Global Repair Centre has delivered more efficient, faster and consistent external sound processor repairs for customers, enabling a better customer experience and even greater processor reliability. Cochlear is now expanding its services to assemble replacement Nucleus 6 sound processors, where required, for existing customers covered by Cochlear’s processor warranty.

In acknowledging the positive contributions it brings, Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA, said “Cochlear is an example of the type of investments we want to see coming into Malaysia. We are pleased to note that the company has employed 195 Malaysians so far. Cochlear’s effort to enhance the skills of these local employees, especially in the field of hearing implants, is commendable whereby these employees had undergone specific trainings in Malaysia and Australia. We believe that these local talents will gain so much experience from the transfer of technology and know-how.”

Cochlear Malaysia is an important part of the Company’s global business. Beginning with a small IT team in 2010, today Cochlear Malaysia is a thriving service centre which hosts the Global Repair Centre, Corporate Shared Services (including IT, customer service and procurement), the Company’s regional sales team, and a small research and development function.

“Leveraging on the availability of the established supporting industries conforming to the world-class standard, we trust that Cochlear will be able to enjoy the many advantages Malaysia offers. MIDA will continue to be Cochlear’s partner and provide our full support to facilitate its business in the country,” added Dato’ Abdul Majid.

“Kuala Lumpur has proven to be a great place to centralise our global, support services,” said Greg Bodkin, SVP Supply Chain & Operational Excellence, Cochlear. “We have significantly grown our workforce with the right skills to support our business globally. The legal and regulatory environment is pro-business, tax rules are attractive and English-language skills are abundant. For our Global Repair Centre, we’ve been able to hire local engineers and electronics technicians, who repair the sound processors for customers around the world and deliver to Cochlear’s global standard of quality.”

“We’re a growing company in a growing industry,” Bodkin added. “As we expand our global supply chain capacity to support this growth, Malaysia is and will increasingly be an important part of our global operations network.”

Dato’ Abdul Majid also said, “The medical devices industry has been identified as one of the high potential growth industries under the 11th Malaysia Plan due to its strong linkages to other manufacturing subsectors. Therefore, we view this project as a catalyst to boost the development of the medical device ecosystem in the country and hope that it will attract other global medical device industry players.”

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About Cochlear Limited (ASX: COH)

Cochlear is the global leader in implantable hearing solutions. The company has a global workforce of more than 3,500 people and invests more than AUD$160 million each year in research and development. Products include cochlear implants, bone conduction implants and acoustic implants, which healthcare professionals use to treat a range of moderate to profound types of hearing loss. Since 1981, Cochlear has provided more than 550,000 implantable devices, helping people of all ages, in more than 100 countries, to hear.

www.cochlear.com

Media Analysts/Investors

Jennifer Stevenson 

Head of Corporate Communications 

Ph: (+61) 2 9611 6959 

[email protected]

Analysts/Investors

Kristina Devon

Head of Investor Relations

Ph: (+61) 2 9611 6691

[email protected]

About MIDA

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

For further information, please contact:

Ms. Balkish Mohd Yasin

Director, Life Sciences & Medical Technology Division

03-2267 3458 | [email protected]

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Chairman’ of MIDA Speech_Official Opening of Cochlear’s Global Repair centre

Cochlear Announces Expansion of Global Repair Centre for Implantable Hearing Solutions in Kuala Lumpur

The Conference on Tourism Potential in Sabah and Sarawak organised by the Malaysian Investment Development Authority (MIDA) on 18 June 2019 at the MIDA headquarters received an encouraging response with over 80 participants from the Malaysian Association of Hotel Owners (MAHO), Malaysian Association of Amusement Themepark and Family Attractions (MAATFA), hoteliers, tourist attraction operators, business chambers among others

Hospitality Ecosystems in Malaysia: Sabah and Sarawak A Vibrant Tourist Destination

The Malaysian Investment Development Authority (MIDA) organised the Sarawak Domestic Investment Seminar 2019 today in collaboration with Ministry for Industrial and Entrepreneur Development Sarawak (MIED) as a platform to update the industry players especially in East Malaysia region on the latest policies and facilities that are available

Domestic Investment Seminar in Sarawak : MIDA Continues To Create More Business Opportunities for Investors

Construction of new semiconductors test center starts 2021

Bosch, a leading global supplier of technology and services, has announced the signing of a Sales and Purchase Agreement (SPA) with the Penang Development Corporation for land in the Batu Kawan Industrial Park in Penang. The company plans to build a manufacturing facility there focusing on the business of semiconductor components and sensor testing. The construction of the plant is scheduled to begin in 2021 and completion of the production area and first series production to commence in 2023. Some 400 associates are expected to work at the new facility. 

The building will sit on an approximately 100,000 sqm of land and will primarily focus on the final testing of components manufactured at Bosch Automotive Electronics’ fab in Dresden, Germany. These components comprise semiconductors used in airbag systems or engine control units, to name a few. The plant will also house R&D and training facilities. 

“With the long-term forecasts for growth of semiconductor component quantities, coupled with the front-end production in Bosch’s Dresden facility in Germany, capacity expansion is required for the back-end production, which is the final testing phase of semiconductors and sensors. This new site is also intended to strengthen the matured eco-system for the semiconductor industry here in Penang,” said Simon Song, managing director of Bosch Malaysia. 

The semiconductor business at Bosch is part of the Automotive Electronics division within the Mobility Solutions business sector, with its headquarters located in Reutlingen, Germany. Other locations which Bosch Automotive Electronics is already testing components as intended for the facility in Penang are Reutlingen and Suzhou, China.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “Bosch’s commitment in complementing Malaysia’s electrical and electronics (E&E) ecosystem is a true reflection of the company’s continued confidence in Malaysia as a preferred destination for long-term growth. This project will also serve as a catalyst in developin

g a higher level of expertise through the adoption of Industry 4.0 and production automation in the industry.” 

Penang, Malaysia as the preferred location for facility 

The final testing facility in Penang will be the first of its kind for Bosch in Southeast Asia, and was chosen in the region for several reasons. First of all, there is a high level of semiconductor knowledge in the region. The proximity to business partners is another advantage. Malaysia and especially Penang have the ability to manufacture economically, even under cost pressure. According to statistics, Malaysia contributes ten percent of back-end semiconductor output globally, among which eight percent is contributed by Penang. 

“The State government is pleased to further strengthen our relationship with Bosch, one of the eight pioneers that charted Penang’s industrialisation five decades ago,” said Right Honourable Mr. Chow Kon Yew, Chief Minister of Penang. “Bosch new investment ventures implies the company’s confidence in its technology for the future and Penang’s ecosystem is capable and sustainable in fulfilling the stringent requirements of the automotive industry.” 

Penang is already home to three existing Bosch manufacturing sites and research and development offices since 1972. Robert Bosch (M) Sdn Bhd, Robert Bosch Power Tools Sdn Bhd, and Robert Bosch Automotive Steering Sdn Bhd produce car multimedia systems, power tools and automotive steering respectively. This is the largest number of manufacturing facilities in a single country for Bosch in Southeast Asia. To-date, Bosch’s workforce in Penang is more than 4,500 employees. 

Contact person for media inquiries: 

Zairynn Yazmi 

Corporate Communications Robert Bosch (South East Asia) Pte. Ltd. 

DID: +65(6)571-2059 

Email: [email protected]

Press Release – Bosch

Bosch Malaysia to set up new plant in Penang

B. Braun, one of the largest medical technology companies in the world, headquartered in Germany, announced the expansion of its portfolio of testing capabilities for healthcare solutions related to intravenous access, surgical technologies, intravenous systems, central venous puncture and pain control; in Penang

B. Braun Expands Its Global Test Centre for Medical Devices in Penang, Proving Malaysia’s Capabilities in Scientific Measurement

Kuala Lumpur, 16 June 2020 – The Licensing Officer of the Ministry of International Trade and Industry (MITI) has agreed to grant an extension of the project implementation period for companies, which have been accorded Manufacturing Licences under the Industrial Coordination Act, 1975. This is part of the pro-active measures undertaken by the Government in ensuring that the Malaysian economic sectors remain competitive despite the current COVID-19 pandemic.

Under the normal procedure, licensed companies are required to implement their approved projects within a period, as stipulated in their Approval Letter of Manufacturing Licence. With the implementation of this relaxation mechanism, an approved manufacturing company will be automatically given an extension of 12 months to implement their projects. The 12-month extension period will commence from the end date of the implementation period stated in the approval letter.

This automatic extension shall only be applicable and available to companies that have obtained Interim Approvals or Manufacturing Licences under the Industrial Coordination Act, 1975 from MITI, and have yet to implement their projects.

To enjoy this automatic extension, companies are required to apply to the Malaysian Investment Development Authority (MIDA), a government agency under MITI, by scanning the QR Code provided herewith. Companies can submit their applications to MIDA from 16 June 2020 until 31 May 2021.

https://forms.gle/dvPMrzVE9EWCtKnC7

The Government hopes that this measure will support and stimulate the growth of the manufacturing sector that has been affected by the pandemic. 

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For more information, please contact:

Ms. Zakiah Sajidan
Director, Compliance and Monitoring and Licensing Monitoring Section, MIDA
Email: [email protected]
Tel : 03-2267 3500

About MIDA

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

Media Release Extension Of Project Implementation Period for The Manufacturing Sector

Extension of Project Implementation Period for The Manufacturing Sector

Standard Chartered Malaysia has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract targeted global investments into Malaysia

11 June 2020, Kuala Lumpur – Standard Chartered Malaysia has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract targeted global investments into Malaysia.

These sectors include high-value, high-technology and high-impact investments such as electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology. The MoU, through Standard Chartered Malaysia’s local expertise and global reach, enables potential foreign investors to gain access to banking services and foreign direct investment advisory.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, says that the sectors’ ability in attracting quality investment augurs well for the country’s economy as the market looks to get back in shape post the COVID- 19 pandemic. “Public and private sector collaborations are more important now than ever to achieve our objectives and bring ourselves forward in this new normal. Despite the multiple challenges faced, Malaysia remains resilient. Our diversified economic structure and the sound track record of macroeconomic management continues to be conducive in supporting the country’s economic fundamentals going forward. The sustainable and progressive development of industries in Malaysia has also strengthened the nation’s position as the best place to invest. MIDA looks forward to a successful collaboration with Standard Chartered to attract more companies to choose Malaysia and expand their business here.”

Malaysia’s electrical and electronics industry today accounts for 10% of the global back-end semiconductor output. MIDA currently has a pipeline of investment projects worth about RM37.8 billion with many foreign electrical and electronics firms looking to relocate their businesses to the country to diversify production. To encourage foreign investors to set up their businesses in Malaysia, the Government is also offering a zero- tax rate for up to 15 years under its recently-announced Short-Term Economic Recovery Plan.

Mr Abrar A. Anwar, Managing Director and Chief Executive Officer of Standard Chartered Malaysia said, “Having operated in Malaysia for 145 years, we remain as committed as ever to facilitate the economic growth of the country. Our strong presence in Asia, Africa and the Middle East is an important enabler for foreign investments and will go a long way in supporting companies to venture into Malaysia. We are able to

leverage our extensive network, strong product capability, service innovation, as well as access to capital markets and funding, to help clients succeed in establishing businesses in Malaysia.”

Standard Chartered recently won the Best Trade and Supply Chain House in Malaysia award at the Corporate Treasurer Awards 2019 as well as Best in Treasury and Working Capital (Large Local Corporates) and Best Service Provider (Liquidity Management) in Malaysia at The Asset Triple A Treasury, Trade, SSC and Risk Management Awards 2020. As the banking industry undergoes one of its biggest transformations, the awards is a recognition of the Bank’s suite of products and services that continue to be relevant to businesses today.

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For media enquiries, please contact:

Note to Editors 

About MIDA

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

Standard Chartered Malaysia

Standard Chartered Bank, a member of the Standard Chartered Group was established in Malaysia in 1875. As Malaysia’s first bank, Standard Chartered leads the way through product innovation, consistent and strong growth performance and sustainability initiatives. The Bank provides a comprehensive range of financial solutions to corporates, institutions and individuals through its network of branches across Malaysia. The Bank has an Islamic banking subsidiary, Standard Chartered Saadiq; a global shared services centre, Standard Chartered Global Business Services; a sales arm, Price Solutions and an offshore facility in Labuan. Standard Chartered employs over 7,000 employees in all its Malaysian operations.

Standard Chartered

We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

Standard Chartered collaborates with MIDA to recharge Malaysia’s economy

DexCom, Inc. (Nasdaq: DXCM), a global leader in continuous glucose monitoring (CGM) for people with diabetes headquartered in San Diego, California, has chosen Batu Kawan Industrial Park as their third manufacturing site. This new site, the first outside of the United States (US), will help increase the production of Dexcom’s industry-leading CGM systems.

US-Based Dexcom Chooses Malaysia To Open Its Third Continuous Glucose Monitoring System Manufacturing Site