Kuala Lumpur, 9 March, 2023 — The Malaysian Investment Development Authority (MIDA) and the Johor State Government have successfully organised the Invest Series: Unfolding States ‘Business Potential’ – Johor programme to showcase the untapped investment opportunities in the state. The event which took place at MIDA Headquarters, attracted 400 participants, including captains of industry, government officials, entrepreneurs and senior managements from various sectors.

The programme started with a welcome address by Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA and was followed by the keynote address by YAB Datuk Onn Hafiz Ghazi, Menteri Besar Johor. Also present at the event were YB Tuan Liew Chin Tong, Deputy Minister Of International Trade And Industry (MITI); YB Tuan Lee Ting Han, Chairman of Johor State Investment, Trade and Consumer Affairs Committee; YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman, Malaysian Investment Development Authority (MIDA); YB Dato’ Haji Mohammed Ridha Dato’ Haji Abd Kadir, Deputy State Secretary of Johor Development, Johor State Secretary’s Office; YBhg. Dato’ Badrul Hisham Kassim, Chief Executive, Iskandar Regional Development Authority, YBrs. Puan Zarina Abdul Kadir, Chief Executive, Invest Johor and head of state and federal and government department and agencies.

YAB Datuk Onn Hafiz Ghazi, Menteri Besar Johor in his address shared the latest Johor Development Plan and emphasised Johor’s investment aspirations, stating that it is the “Southern Jewel of Malaysia.”

“Johor’s total approved investments for 2022 reached an all-time high of RM 70.6 billion, which is the highest in Malaysia. Since taking over the helm of the State Government last year, my colleagues and I have worked tirelessly to enhance our economic resilience by assisting the people in cushioning the impact from price increases and facilitating businesses recovery. In tandem, we have sought to generate quality investments, secure more job opportunities, and put in place the building blocks of a more dynamic, inclusive, and sustainable economy. We are consistent in our efforts to ensure the rapid recovery of our economy, while strengthening its resilience to new challenges posed by the changing landscape of the global economy. There is a lot to be done still, and we must keep focused on the bigger picture and the longer game of creating a dynamic, inclusive, and sustainable economy for Johor and Malaysia.” said YAB Datuk Onn Hafiz Ghazi.

Datuk Wira Arham, CEO of MIDA highlighted on the recently announced Malaysia’s investment performance in 2023, said “Malaysia has successfully attracted RM264.6 billion worth of approved investments in the services, manufacturing and primary sectors for 2022, creating 140,370 job opportunities in the country. Johor played a significant role, accounting for a substantial proportion of the approved investments at RM70.6 billion. Congratulations to Johor for showcasing its economic potential through its attractive investment climate and strategic location, and for its outstanding contribution to Malaysia’s economy.”

“As part of its commitment to boosting domestic investment, the Government, in collaboration with MIDA, has undertaken several initiatives aimed at attracting investment in Johor and other states. From the MIDA Invest Series Conference to the Domestic Investment Coordination Platform (DICP) initiative, the SME Investment Desk and joint programmes with local industry associations and chambers of commerce, these efforts are designed to create a conducive environment for businesses to thrive. The Domestic Investment Seminar, the Domestic Specific Project Mission (DSPM), and the Industry Linkage Program (ILP) / Supply Chain Programme are also in place to help foster partnerships and drive innovation.” added Datuk Wira Arham.

Over the years, Johor has remained a crucial gateway for the country, thanks to its advanced infrastructure projects. One of the most vital infrastructure developments in Johor are the connections to Singapore, including the Johor-Singapore Causeway built in 1924, and the Tuas Second Link bridge constructed in 1998, both of which have played a significant role in linking Singapore and Malaysia via Johor. In addition, Johor offers other excellent infrastructures for investors such as the international airport (Senai) and three ports (Pasir Gudang Port, Tanjung Pelepas Port, and Tanjung Langsat Port), thus, positioning Johor as a hub for investments.

MIDA continues to aggressively promote the digital tech sector, including data centres, cybersecurity, artificial intelligence (AI), creative and digital content such as gaming and animation, as well as system integrators and solution providers, to make Malaysia the region’s tech launchpad. The data centre investments into Johor accounted for RM51.1 billion of the investment in 2022, and MIDA welcomes investments from leading data centre companies to tap into the vast market demand for such services by building a critical presence in Malaysia.

The Invest Series: Unfolding States ‘Business Potential’ – Johor programme was a significant success, highlighting Johor’s investment landscape and its potential to attract investors. With its excellent infrastructure, strategic location, and dynamic ecosystem, Johor is one of the promising destinations in the country for investment, and MIDA remains committed to supporting and facilitating investments in the state.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 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.

About Invest Johor

Invest Johor is a one-stop-centre that represents the state of Johor in dealing with investors and helps to position Johor as an attractive destination for investment. Invest Johor plays an important role in matters related to the promotion, facilitation, coordination, and development or investments in a broad sector of industries. Ultimately, Invest Johor strives to help transform Johor into a regional hub for high-technology, knowledge-based, and capital-intensive industries.

For more information, please contact:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 368

Invest Johor
Ms. Zarina binti Abd Kadir
Chief Executive, Invest Johor
Aras 3, Bangunan Dato Abdul Rahman Andak,
Kota Iskandar
79000 Iskandar Puteri, Johor
Email: [email protected] | Tel: (6) 07-290 9000 | Fax: (6) 07-290 8000

MIDA Collaborates with Johor State Government to Highlight the State’s Investment Landscape and Its Vast Potential

Both parties have signed an MOU that extends DHL Express’ role in attracting multinational companies to Malaysia

Kuala Lumpur, 30 March 2023 – DHL Express, the world’s leading international express service provider, and the Malaysian Investment Development Authority (MIDA) have entered into a Memorandum of Understanding (MOU), to strengthen the country’s position as ideal destination for foreign direct investment (FDI). The partnership aims to further consolidate the contribution of the supply chain industry toward national economic growth.

The agreement builds on a longstanding partnership, leveraging DHL Express’ global network and local expertise to attract multinational companies to enter and expand in Malaysia. Both parties are set to intensify joint efforts to drive overseas inflows of capital, infrastructure, and knowledge to develop key priority sectors. These include electrical and electronics, pharmaceutical, digital economy, aerospace, and chemicals.

The MOU was formalised today by Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA, and Julian Neo, Managing Director of DHL Express Malaysia and Brunei. YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA was also present as the witness of the ceremony.

In 2022, Malaysia recorded approved investments totalling RM264.6 billion (USD59.9 billion), from 4,454 projects, and creating 140,370 job opportunities. The services sector represented the largest chunk of total approved investments with RM154 billion (USD34.8 billion), followed by RM84.3 billion (USD19.1 billion) in the manufacturing sector. Notably, Foreign Direct Investment (FDI) was the major contributor to the total approved investments at 61.7% or RM163.3 billion (USD36.9 billion), while Domestic Direct Investment (DDI) contributed 38.3% or RM101.3 billion (USD23 billion); proving that Malaysia continues to inspire confidence and remains a preferred destination for global investors seeking stable, long-term opportunities.

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, noted the heightened investor confidence in Malaysia while welcoming MIDA and DHL Express’ renewed partnership.

In his welcoming speech, he stated, “Despite the unexpected challenges that our initial formalised MOU in 2019 encountered with the advent of the COVID-19 pandemic, today’s signing ceremony reaffirms our commitment to strengthening the robust partnership between MIDA and DHL Express Malaysia. With this new agreement, we are confident that Malaysia will continue to shine brightly as the preferred investment destination for global investors, further solidifying our nation’s position as a beacon of stability, progress and prosperity in the region and beyond.”

“Our stakeholders can also look out for more focused, specific seminars on targeted industries, particularly in key sectors such as green technology, oil and energy, manufacturing, aerospace, e-commerce, as well as global and regional distribution centres. We are hopeful that this strong private and public partnership will help solidify our investors’ confidence and broaden business opportunities. Essentially, ensuring that there is a continuous sustainable stream of quality investment activities in the country in line with our nation’s New Investment Policy.” he added.

Indeed, Malaysia is well ahead of its peers in terms of the depth of its globalisation. According to the latest DHL Global Connectedness Index 2022—a study on the flow of trade, people, capital, and information worldwide—Malaysia ranks second (2^nd) in Trade Connectivity in Southeast Asia, and 14th out of 171 economies globally. Malaysia is also among the top ten with the largest connectedness improvements over the data period of 2001 to 2021.

“DHL Express’ growth is very much tied to Malaysia’s own since establishing our roots here 50 years ago,” said Julian Neo. “Through our shared history, we experienced a strong economy that has become the fifth largest in ASEAN. The MOU with MIDA reaffirms our collaborative relationship to facilitate the rising investment interest. With presence that spans 220 countries and territories, DHL Express is well equipped to support companies looking to diversify their supply chains in Malaysia.”

DHL Express Malaysia operates a robust aviation and ground network encompassing six gateways, 21 service centers, 185 retail points of sale, more than 300 vehicles, over 60 weekly flights, four dedicated aircrafts, and more than 1,500 employees to ensure comprehensive service coverage.

-ENDS-

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 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.

About 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 395,000 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 Deutsche Post DHL Group. The Group generated revenues of more than 94 billion euros in 2022. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.

For media enquiries, please contact:

MIDA
Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
T: +603-2267 6650
E: [email protected]

DHL Express Malaysia
Tristan Toh
Corporate Communications, Brand, and Sustainability
T: +6012 719 2021
E: [email protected]
Website: dhl.com.my
Facebook: DHL Express Malaysia
Twitter: @DhlExpressMY
Instagram: @dhlexpressmalaysia

MIDA and DHL Express Partner to Promote Foreign Direct Investment to Malaysia

PENANG, Malaysia — 22 March 2023 — Critical areas of semiconductor industry growth including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development will take center stage at SEMICON Southeast Asia as the industry’s premier global electronics manufacturing and supply chain event returns to Penang 23-25 May at the Setia SPICE Convention Centre. SEMICON Southeast Asia 2023 is organized in partnership with Malaysia Ministry of International Trade & Industry (MITI), Malaysian Investment Development Authority (MIDA) and InvestPenang. Registration is open.

Themed Boosting Agility and Resiliency for the Electronics Supply Chain, SEMICON Southeast Asia 2023 will also gather industry leaders to explore ways for the electronics industry to build a more robust supply chain as it navigates the current economic downturn and ongoing disruptions.

“With global electronics supply chains being redrawn as a result of geopolitical forces, more global players are shifting their attention to Southeast Asia, where much of the world’s semiconductor manufacturing capabilities are concentrated,” said Linda Tan, President of SEMI Southeast Asia. “There is no better time for the region to bolster its position as a key hub for electronics manufacturing and deepen its integration with global value chains. We look forward to hosting industry leaders at SEMICON Southeast Asia 2023 as they gather to discuss how they can build on Southeast Asia’s strengths to help increase global supply chain resilience, and better position the industry to seize the innovation and growth opportunities ahead.”

SEMICON Southeast Asia 2023 Highlights

• CxO Summit on Boosting Agility and Resiliency for the Electronics Supply Chain in SEA
  
  
• Roundtable discussion on investment opportunities in Southeast Asia

• Workforce Development
  • Career fair and talksSEMI SEA University Bootcamp
  • Launch of SEMI University, an online learning management system comprising courses targeted towards industry professionals in the semiconductor and electronics industry.

• Forums  
  • SMART MobilityMarket and Industry trendsSMART EnterpriseAdvanced PackagingSMART MedTechAdvanced Product Testing
  • Sustainability

• Smart & Sustainable Manufacturing Journey to help expand the adoption of Industry 4.0 best practices in the semiconductor industry. 

• Start-ups Showcase featuring the latest innovative semiconductor manufacturing solutions that are available in the market.

• Industry VIP Networking Night for attendees to connect with industry leaders and experts.

What SEMI Southeast Asia partners have to say

YBhg. Datuk Wira Arham Abdul Rahman, Chief Executive Officer, Malaysian Investment Development Authority

“As Southeast Asia’s semiconductor hub, Malaysia has vast potential to leverage global demand and expand its already robust existing semiconductor ecosystem in the coming years. I am proud to announce that Malaysia’s attraction as a top investment destination in the region remains strong, with a steady influx of high-quality investments in the manufacturing sector. This sector continues to contribute significantly to the Malaysian economy and in 2022, recorded a total of RM84.3 billion (USD19.1 billion) or 31.9 per cent of total approved investments in various economic sectors. Electrical and electronics (E&E) remained the top-performing industry in the manufacturing sector, with a total of approved investments of RM29.3 billion (USD6.6 billion).”

“SEMICON Southeast Asia presents a great platform for businesses to connect, engage and widen their strategic networks. With the presence of international firms at the event, Malaysia will showcase the vibrancy of its E&E industry and offer more opportunities for global industry players to expand their supply chains to include this key sector.”

Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang

“The theme for this year’s SEMICON Southeast Asia aligns with Penang’s longstanding focus to strengthen our competitiveness in the global arena. Having built a significant presence in the semiconductor industry, Penang is often lauded for its areas of expertise along the value chain. Beyond that, the state, via InvestPenang, commits to nurture the growth of emerging subsectors, extend Penang’s depth and breadth in the semiconductor industry to offer a portfolio of capabilities that speaks of our robust semiconductor ecosystem.”

For the full event agenda, please visit the Semicon Southeast Asia website.

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 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 InvestPenang

InvestPenang is the Penang State Government’s principal agency for 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) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook and LinkedIn.

About SEMI

SEMI^® connects more than 2,500 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG) and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter to learn more.

Media Contacts

Ryan Teo/SEMI Southeast Asia
Phone: +65 9859 0883
Email: [email protected]

Michael Hall/SEMI US
Phone: 1.408.943.7988
Email: [email protected]
Reshvinder Kaur/Din Communiations
Phone: +6017 275 7985
Email: [email protected] / [email protected]

SEMICON Southeast Asia 2023 to Spotlight Electronics Supply Chain Resilience, Sustainability, Smart Tech and Talent

• SKC is exploring the possibility of making additional investments in the EV segment in Malaysia.
• POSCO Holdings is planning to develop a Carbon Capture Storage (CCS) project and further expand its steel processing plant in Malaysia to support new business segments such as EV, batteries, and green energy.
• COWAY’s decision to establish its first manufacturing hub and R&D facilities outside ROK demonstrates the company’s confidence in Malaysia’s economic fundamentals and conducive business environment.
• LOTTE Fine Chemical proposed a project that will further enhance local production capabilities, support the transition of industries value chain to the next level, and create more high-income and knowledge-intensive jobs.

21 March 2023 – The recently concluded Trade and Investment Mission (TIM) to the Republic of Korea (ROK) has secured a staggering RM24 billion in potential investments for the country. The TIM, held from 14 to 17 March 2023 was led by Minister of International Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz. It was also joined by high-level officials from MITI, MIDA, MATRADE and various Investment Promotion Agencies, as well as representatives from regional development corridors and Malaysian companies.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed his excitement in facilitating these investments, stating, “The remarkable achievement of securing RM24 billion in potential investments for Malaysia through the Trade and Investment Mission to the Republic of Korea (ROK) stands as a testament to our country’s steadfast commitment to attracting top-tier investments and augmenting the participation of local companies in the global supply chains.”

He also expressed his enthusiasm for the longstanding strategic partnership between Malaysia and the ROK, forged through the Look East Policy over the past four decades. Thanks to this collaboration, the ROK has become one of Malaysia’s top 10 major investors. “We are eager to welcome even more investments from the ROK. The focus will be on new growth areas such as high technology, innovation, knowledge-based and skills-intensive industries, which will create vast opportunities for the sustainable and green agenda advocated by both nations. The Malaysian Government is also placing a strong emphasis on energy and high-value manufacturing activities, including transport technology, such as the electric vehicle and its ecosystem, which is poised to deliver significant economic potential and long-term sustainable growth,” he added.

SKC, POSCO Holdings, Coway and LOTTE Fine Chemical were among the companies that expressed interest in investing in Malaysia.

SKC is exploring the possibility of making additional investments in the EV segment in Malaysia. Mr. Jae Hong Yi, Chief Executive Officer of SK Nexilis, shared, “Due to the increasing demand for Li-ion batteries in various industries worldwide, SKC is exploring the possibility of making additional investments in the EV segment in Malaysia. Malaysia is a strategic location for rapid global expansion of EV investments as it has started to develop the necessary infrastructure and materials to support the expansion of EV battery production.”

POSCO Holdings reaffirmed the company’s potential investment in Malaysia. POSCO Holdings is planning to develop a Carbon Capture Storage (CCS) project and further expand its steel processing plant in Malaysia to support new business segments such as EV, batteries, and green energy. Mr. Yoo Byeong-Og, Senior Executive Vice President and Head of Green Materials & Energy Business Team at POSCO Holdings, said, “Malaysia has high potential for carbon storage, which is in line with Malaysia’s commitment towards the ESG agenda, including achieving net-zero greenhouse gas (GHG) emissions by 2050 at the earliest.”

Coway’s CEO, Mr. Jangwon Seo, expressed the company’s confidence in the country’s economic fundamentals and pro-business environment by announcing their decision to establish their first manufacturing hub and R&D facilities outside of ROK. The establishment of the R&D center is aligned with Malaysia’s National Investment Aspirations (NIA) to develop high-value, innovative, and advanced technology products, creating high-income and knowledge-intensive jobs for Malaysian. Mr. Seo said, “We are confident that the favourable business climate and talented workforce in Malaysia will be key drivers in enhancing our market presence and contributing to the growth of the nation’s economy.” Mr. Yong Seok Kim, President and CEO of LOTTE Fine Chemical, shared, “LOTTE Fine Chemical sees great potential in diversifying its investments in Malaysia. The chemical industry is a crucial sector in Malaysia, ranking fourth in terms of industry size and third in terms of imports. The country offers a resilient supply chain, a skilled local workforce, and a strategic business ecosystem that can further support the company’s expansion plans. With this proposed project, LOTTE Fine Chemical aims to enhance local production capabilities, enabling the transition of the industry’s value chain to produce more advanced and high-value products”.

In 2022, MIDA announced approved investments in various economic sectors totalling RM264.6 billion (USD59.9 billion). Of this amount, a total of 15 manufacturing and services projects under MIDA’s purview with Korean participation have been approved with total investment worth USD1.42 billion. These projects generated potential employment for 1,389 people and the ROK is now ranked as the 7th largest foreign investor in terms of approved investments for 2022.

The TIM mission kicked off with a seminar titled “Malaysia: Your Profit Centre in Asia” which had attracted more than 250 distinguished business leaders from ROK and Malaysia. The main aim of this mission was to attract investments from various sectors, including electrical and electronics (E&E), environmental, social & governance (ESG), transport technology, metal, hydrogen, and chemical and chemical products.

The continuous investments by investors from the ROK validate the success of the nation’s ongoing efforts in attracting quality investments and in enhancing participation of local companies in high-value global supply chain. The strong interest shown by ROK companies garnered during the mission serves as a major catalyst in expanding the bilateral trade and investment relations, most notably in areas that support the sustainable and green agenda advocated by both nations.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 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]   I   T: +60322676650

Malaysia Secures RM24 Billion of Potential Investments From Trade and Investment Mission to The Republic of Korea (ROK)

21 March 2023 – The Malaysian Investment Development Authority (MIDA) has successfully organised an inaugural seminar with the theme ‘Hydrogen Economy – Building a Sustainable Ecosystem in Shaping the Future of Energy, Materials & Infrastructure today at Perdana Hall, MIDA Sentral, Kuala Lumpur. The seminar was held to promote investments in the hydrogen economy to support the government’s agenda in attracting quality and sustainable investments in the new economy that uses innovative and cutting-edge technologies to boost industrial production and economic growth.

The Deputy Minister of International Trade and Industry (MITI), YB Liew Chin Tong, in his keynote address, expressed “While hydrogen has been identified as a fuel for the future in Malaysia’s National Energy Policy, we are still in the process of developing a

comprehensive roadmap and strategy for the hydrogen economy. The Ministry of Science, Technology, and Innovation, together with the National Nanotechnology Centre, are currently drafting the National Hydrogen Strategy. Once the National Hydrogen Strategy is agreed upon and implemented, MITI will engage relevant stakeholders to identify the right incentives and facilities, such as tax breaks, capital allowances, financial assistance, and R&D, to attract investments in hydrogen production, infrastructure, and ecosystem development. This will facilitate the country’s transition to a hydrogen economy, benefiting both industry and the rakyat.”

The seminar started with a welcome address by MIDA Chairman, YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, followed by a keynote address by YB Liew Chin Tong, the Deputy Minister of International and Industry (MITI). Malaysia’s renowned researchers and experts in hydrogen technology, YBhg. Prof. Dato’ Ir. Dr. Wan Ramli Wan Daud and YBhg. Prof. Dato. Ir. Dr. A Bakar Jaafar, also attended. Additionally, Mr. Mikaa Mered, a French Hydrogen Task Force member and Green Hydrogen Ambassador for IAHE, joined virtually from Marseille, France. YBhg. Tan Sri Datuk Seri Dr. Sulaiman Mahbob, Chairman of MIDA, highlighted, “Hydrogen has the potential to play a key role in a clean, secure and affordable energy in the future. “Green” hydrogen is the term used to describe the production of hydrogen from renewable energy sources. Given our country’s abundant and widely spread solar resources as well as the government’s commitment to shift towards renewable energy, the time is suitable for industry players and investors to tap into the potential of “green” hydrogen production.”

Tan Sri Sulaiman mentioned that MIDA is currently providing comprehensive support and facilitation to the Sarawak Economic Development Corporation (SEDC) Energy Sdn. Bhd. and relevant stakeholder to realise the investments in green hydrogen and related projects in Sarawak. “Malaysia is poised to play a pivotal role in the global shift towards a sustainable future through its investment in green hydrogen projects and related ecosystem development “ he added.

YB Liew Chin Tong also launched the Malaysian Association of Hydrogen Energy (MAHE) to the industry players during the seminar. MAHE is a platform to synergise efforts towards the development of a Malaysian Hydrogen Energy Blueprint, establishing academia-industry project collaborations, development of hydrogen project demonstrations, consultations for knowledge and technology transfers, and planning for human capital development.

This event has successfully promoted the hydrogen economy and its potential to shape the future of energy, materials, and infrastructure. The Malaysian government and relevant agencies are committed to supporting the development of a sustainable ecosystem for hydrogen production and infrastructure, and to attract investments in this new economy.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 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.

For more information, please contact:

MIDA

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

MIDA Spearheads The Investment Promotion In Hydrogen Economy

17 March 2023 – The Ministry of International Trade and Industry (MITI), successfully secured a total of RM24 billion potential investment and RM4.24 billion of potential exports of products and services, through the recently concluded Trade and Investment Mission to the Republic of Korea (ROK). The Mission, led by MITI Minister, YB Senator Tengku Datuk Seri Utama Zafrul Aziz from 14 – 17 March 2023, was part of MITI’s continuous efforts in attracting quality investments and enhancing participation of local companies in higher value global supply chain.

During the Mission, Tengku Zafrul had a bilateral meeting with his counterpart, H.E. Dukgeun Ahn, Minister for Trade, Ministry of Trade, Industry and Energy (MOTIE) ROK, to discuss, among others, the proposed resumption of bilateral free trade agreement negotiation between both countries; the formation of a Ministerial Trade Cooperation Dialogue; as well as potential cooperation in digital economy, green economy, renewable energy, supply chain and economic cooperation under the platform of the Indo Pacific Economic Framework (IPEF) and Regional Comprehensive Economic Partnership (RCEP). The Mission also featured a business seminar, a reception and a Venture Capital (VC) Investors’ Round.

Tengku Zafrul said, “The strong interest shown by Korean companies garnered during the Mission is a major catalyst for expanding Malaysia-South Korea bilateral trade and investment relations, particularly in the sustainable and green technology sectors, such as Carbon Capture Storage, Hydrogen Energy and Electric Vehicle. Malaysia’s economic competitiveness in the future will depend on whether we can secure access to and master green technology. Therefore, it is crucial for Malaysia to work with investors that can help us unlock growth in areas that support our sustainable agenda. I hope South Korea can work closely with us on this, as we chart a more resilient journey together for the challenges ahead.”

Among the new investment projects deliberated during the mission were by Samsung Engineering, SKC, Lotte Fine Chemicals, Hyundai, COWAY and a consortium of Korean companies. Lotte Energy Materials, Samsung Engineering and POSCO Holdings have also expressed their commitment to inject new investments in Malaysia, as well as ensure the transfer of new technology, high-value job creation, talent development, ecosystem creation and collaboration with local universities and industries, particularly among small and medium enterprises (SMEs). This is a manifestation of Malaysia’s earnest effort towards attaining sustainable and inclusive economic growth objectives under the New investment Policy (NIP).

The business seminar, which attracted more than 250 captains of industry from both Malaysia and the ROK, provided an update of Malaysia’s pro-trade and pro-investment policies, as well as opportunities for Korean companies to explore in Malaysia. Apart from the seminar, more than 150 individual business meetings were also arranged between Korean companies and Malaysian business delegation.

Another key feature of the mission was the Venture Capital (VC) Investors Round which was chaired by Tengku Zafrul and participated by more than 20 Korean VC investors, who indicated their interests to locate their robotics and AI-based businesses in Malaysia. Tengku Zafrul also witnessed the exchange of four memorandum of understanding (MOUs) with a few Korean VCs’ commitment to invest up to US$400 million in Malaysia.

To commemorate the 40th Anniversary of the LEP between Malaysia and the ROK this year, MITI and the Embassy of Malaysia in the ROK, also organised a Reception which was also graced by H.E. Park Jin, Minister of Foreign Affairs of the ROK and the Vice Minister, Mr. Lee Do-hoon. The Reception was also attended by the business community and government officials from both countries as well as Malaysian professionals and students in the ROK. In 2022, the ROK stood as the eighth largest trading partner for Malaysia with total trade amounting to RM114.21 billion (USD25.94 billion), an increase of 29.3% compared to RM88.31 billion (USD21.01 billion) in 2021. In terms of investment, the ROK has been one of Malaysia’s top sources of Foreign Direct Investment (FDIs) for the manufacturing sector. As of June 2022, a total of 374 projects worth USD9.2 billion (RM32.9 billion) have been implemented, generating 46,260 jobs.

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY (MITI)

MITI Secures RM24 Billion Potential Investments And RM4.24 Billion Potential Exports From Mission To South Korea

• A Smart Warehouse and International Procurement Centre will also be built in Sg. Petani to support industrial clusters in Kedah and Penang.
• Committed to economic vibrancy through continuous investment, high-technology transfer and ‘hire locals first’ policy.

Seberang Perai, Penang, 17 March 2023 – Electronic Manufacturing Services (EMS) provider EG Industries Berhad (EG Industries) is set to build a RM180 million Smart ‘Lights-Out’ Factory 4.0 in Batu Kawan, Penang, which is expected to be a game-changer for the Northern Peninsular. The factory will  be producing new 5G Advanced High Speed Optical Signal Transmitter and Receiver for 5G wireless network (“Optical Modules”), using  photonics and semiconductor technologies through technology transfer from its US-based customer Cambridge Industries Group (“CIG”).   

The Batu Kawan plant, which commenced construction in January 2023, will initiate the first pioneer technology transfer in South East Asia. This is expected to raise the skillset and competitiveness of the local workforce and is set to hire approximately 1,000 high-skilled talents upon completion in the first half of 2024.Today, EG Industries hosted a delegation from the Malaysian Investment Development Authority (MIDA) in Sg. Petani, led by Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development), in conjunction with their expansion plan announcement. Also present at the event was YB Dato’ Wira Dr. Ku Abd Rahman, Senior State Executive Council Member (Kedah) and Member of Parliament Kubang Pasu, Kedah.

EG Industries, who currently employs 3,000 staff representing about 1 per cent of the Sg. Petani population, intends to actively collaborate with local universities and colleges to train fresh graduates to become industry-savvy. With its ‘hire local first’ policy, EG Industries prioritises employing Malaysians from the surrounding vicinity, enabling it to reduce dependency on foreign labour.

Ms. Lim Bee Vian, DCEO (Investment Development) of MIDA congratulated EG Industries, said, “We are pleased to see that EG Industries is actively collaborating with local universities and colleges to train fresh graduates to become industry-savvy. With their ‘hire local first’ policy, we applaud the company for providing job opportunities to Malaysians in the surrounding area, reducing dependency on foreign labor, and therefore helping our locals to increase their source of livelihood. Certainly, EG Industries’ expansion plans align with the National Investment Aspirations (NIA) of attracting high-value investments to deliver sustainable and holistic economic growth.”

“We welcome EG Industries’ expansion project leveraging on cutting-edge 5G technology, which is in line with the government’s mandate for MIDA to spearhead rapid digital transformation in the manufacturing sector. This will pave the way for enhancement on productivity, job creation, and the deepening of Malaysian’s skill set,” added Ms. Lim Bee Vian.

The new plant will deploy Lights-Out methodology, creating a fully networked environment that digitises material flow for autonomous manufacturing. This will be managed by a remote team of highly-specialised experts responsible for data management, production planning and quality control. 

Apart from Batu Kawan, the EMS player is extending its presence further to build Smart Warehouses and an International Procurement Centre featuring Kedah’s first Vendor Management Inventory (VMI) system to serve its own increasing requirements as well as that of the surrounding industrial cluster in Sg Petani, Kedah and Batu Kawan, Penang. The RM40 million facilities are slated for completion in 2024.

EG Industries’ Group Chief Executive Officer (CEO) Dato’ Alex Kang said that the smart facilities were timely given the Group’s expansion journey, from providing Printed Circuit Board Assembly (PCBA) and full-product box-build assembly, to producing upstream 5G routers and soon 5G optical modules.

Dato’ Alex Kang, Group Chief Executive Officer and Executive Director of EG Industries Berhad said, “Even before COVID, EG Industries had put strategies in place to improve our standing, by building our team’s mindset to emphasise on excellence, safety and innovation; serving more international customers to become their EMS partners; and improving efficiency of resource planning and sourcing, especially from local vendors. This has helped us to build our profile to retain our position as top 50 EMS players in the world today. While we are proud of our track record, we believe in enabling our fellow industries in Sg Petani to move forward as a collective unit. This is why we chose to build the Smart Warehouses and IPC, so that every industry player can utilise system-based technologies and have opportunity to scale up their operations.”

“We would like to cooperate more closely with Government authorities and agencies like MIDA to bring up the economic value in the state. Thus far our current plant in Sg. Petani has benefitted from grants to encourage exports and innovation, and we are hopeful for the continued support for future expansion plans. Apart from grants, we always appreciate open sessions for dialogue and feedback on current policies, so that Government agencies are kept abreast of latest developments and challenges of industry players, and formulate a mutually-beneficial solution,” added Dato’ Alex Kang.

Having achieved more than RM1 billion in annual revenue in the financial year ended 30 June 2022 (FY2022), the EMS player currently contributes approximately 2 per cent of Kedah’s Gross Domestic Product (GDP).

-ENDS-

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 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.

About EG Industries Berhad (“EG 工业”, www.eg.com.my)

Main Market Bursa Malaysia Securities Berhad; Bloomberg: EG:MK

EG Industries is a leading Electronic Manufacturing Services (EMS) and Vertical Integration provider for world-renowned brand names of electrical and electronic products for several industries including consumer electronics, ICT, medical, automotive and telecommunications. The Group has a workforce of approximately 3,000 employees in its manufacturing plants in Kedah, Malaysia and Prachinburi, Thailand.

Listed as one of the top 50 EMS players in the world, EG Industries provides services in original equipment manufacturing and original design manufacturing with full turnkey solutions for completed final products assembly (box-build), printed circuit board assembly and modular components assembly.

For media enquiries, please contact:

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

EG Industries
Ms. Julia Pong
T: +603-2711 1391/+6012-3909 258
E: [email protected]

EG Industries’ Smart ‘Lights-Out’ Factory 4.0 in Batu Kawan Set to Be A Game-Changer in the Northern Peninsular

• The Malaysia Madani concept emphasises the concepts of innovation, inclusivity and sustainability, where economic growth is achieved in a balanced and equitable manner, taking into account environmental, social and governance (ESG) factors. In this context, the positive trend in approved investments across Malaysia’s services, manufacturing, and primary sectors is a promising sign for the country’s focus towards achieving a more sustainable economy.
• In 2022, Malaysia recorded approved investments totalling RM264.6 billion (USD59.9 billion). This translates to 4,454 projects, with 140,370 job opportunities to be created.
• The services sector is the major contributor with RM154 billion (USD34.8 billion), followed by a RM84.3 billion (USD19.1 billion) boost in manufacturing sector, and RM26.3 billion (USD6 billion) in the primary sector.
• Foreign Direct Investment (FDI) remained the major contributor to the total approved investments at 61.7% or RM163.3 billion (USD36.9 billion), while Domestic Direct Investment (DDI) contributed 38.3% or RM101.3 billion (USD23 billion).
• The People’s Republic of China (PRC) dominated foreign investments totalling RM55.4 billion (USD12.5 billion) or 33.9% and followed by The United States of America (17.9%) The Netherlands (12.5%), Singapore (8.3%) and Japan (7%).
• Five (5) states that have recorded significant investment value to the total approved investments include, Johor (RM70.6 billion) (USD16 billion), Selangor (RM60.1 billion) (USD13.6 billion), Sarawak (RM28.2 billion) (USD6.4 billion), Wilayah Persekutuan Kuala Lumpur (RM25 billion) (USD5.7 billion) and Pulau Pinang (RM16.3 billion) (USD3.7 billion).
• Malaysia’s services sector secured a total of 3,581 projects worth RM154 billion (USD34.8 billion) for the period of 2022.

Kuala Lumpur, 8 March 2023 – With the announcement of RM264.6 billion in approved investments for 2022, the Malaysian Investment Development Authority (MIDA) has demonstrated Malaysia’s status as a preferred investment destination. Under the theme “Sustainable Investments for Growth,” the country’s manufacturing, services, and primary sectors have demonstrated resilience in the face of a challenging economic landscape, proving that Malaysia continues to inspire confidence and remains a preferred destination for global investors seeking stable, long-term opportunities.

During the Annual Media Conference (AMC), YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade and Industry (MITI) emphasised the importance of investing in sustainable technologies. He stressed, “As the world increasingly confronts the realities of climate change,
the urgency of investing in sustainable technologies and solutions cannot be overstated. MITI is taking sustainability seriously as we craft policies to incentivise companies and industries to help us lay the groundwork for a more sustainable and equitable world. This must be a whole-of-nation effort, as we want to attract the right investments that will support local SMEs and supply chains, as well as give the rakyat more job opportunities. Ultimately, it is all about achieving inclusive socio-economic benefits to secure a brighter future for all Malaysians.”

Of the approved investments of RM264.6 billion (USD59.9 billion), this include a total of 4,454 projects, and expected to create 140,370 job opportunities for Malaysians.

Foreign Direct Investment (FDI) accounted for 61.7% of total investments, or RM163.3 billion (USD36.9 billion). Domestic Direct Investment (DDI) recorded 38.3%, or RM101.3 billion (USD23 billion).

The People’s Republic of China (PRC) led the way in total approved investments with RM55.4 billion (USD12.5 billion), followed by The United States of America (RM29.2 billion) (USD6.6 billion), The Netherlands (RM20.4 billion) (USD4.6 billion), Singapore (RM13.5 billion) (USD3.1 billion), and Japan
(RM11.4 billion) (USD2.6 billion).

Five (5) states have seen significant investment activity, with Johor having the most approved investments, totaling RM70.6 billion (USD16 billion). This is followed by Selangor (RM60.1 billion) (USD13.6 billion), Sarawak (RM28.2 billion) (USD6.4 billion), Wilayah Persekutuan Kuala Lumpur (RM25 billion) (USD5.7 billion) and Pulau Pinang (RM16.3 billion) (USD3.7 billion).

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, in his Welcome Remarks stated that the significant investment results are the outcome of a collective effort by stakeholders in promoting economic growth, social stability, talent development, sustained economic inclusivity and the advancement of Malaysia’s digital economy.

The AMC theme reflects MIDA’s incorporation of the New Investment Policy (NIP) and Environmental, Social and Governance (ESG) principles into its strategies. The goal is to produce sustainable, long-term investments, as well as to collaborate with partners who prioritise “impact investment”.

Services Sector Dominates the Investment Landscape

Malaysia’s services sector recorded 3,581 projects worth RM154 billion (USD34.8 billion). This represents a 58.8% increase over the previous year’s investments of RM97 billion (USD23.3 billion), which is expected to create 63,464 new jobs.

Foreign investment accounted for 55.1% of total approved investments in the services sector, or RM84.9 billion (USD19.2 billion), with domestic investment accounting for the remaining 44.9%, or RM69.1 billion (USD15.6 billion).

The information and communications sub-sector dominated the services sector, with approved investments worth RM84.7 billion (USD19.2 billion), or 55%. There were five (5) projects related to Information and Communication Technology (ICT) services, including data centres and cloud computing services, with an investment value of RM72.4 billion (USD16.4 billion), or 85.5% of the approved investments in the information and communication subsector.

Real estate (RM28.9 billion) (USD6.5 billion), financial services (RM11.2 billion) (USD2.5 billion), utilities (RM10.8 billion) (USD2.4 billion), and distributive trade (RM6.2 billion) (USD1.4 billion) were among the other sub-sectors that contributed to the amount of investments approved.

Investment in Manufacturing Sector

Malaysia’s attraction as a top investment destination in the region remains strong, with a steady influx of high-quality investments in the manufacturing sector. This sector contributed RM84.3 billion (USD19.1 billion), or 31.9% of total approved investments in various economic sectors.

FDI accounted for 78.3% of total approved investments, totaling RM66 billion (USD14.9 billion), with DDI contributed for the remaining 21.7% (or RM18.3 billion) (USD4.2 billion).

The number of approved expansion/diversification projects in the manufacturing sector recorded 385 projects worth RM49.3 billion (USD11.2 billion), while the number of new projects approved were 416, with a value of RM35 billion (USD7.9 billion).

Electrical and electronics (E&E) are the top-performing industries in the manufacturing sector (RM29.3 billion) (USD6.6 billion), followed by machinery and equipment (RM8.4 billion) (USD1.9 billion), transport equipment (RM8 billion) (USD1.8 billion), chemical and chemical products (RM7.4 billion) (USD1.7 billion), petroleum products (including petrochemicals) (RM5.9 billion) (USD1.3 billion), non-metallic mineral products (RM5.8 billion) (USD1.3 billion), scientific and measuring equipment (RM4.7 billion) (USD1.1 billion) and rubber products (RM3.6 billion) (USD0.8 billion). These industries comprise for RM73.1 billion (USD16.5 billion), or 86.7% of total approved investments in this sector.

A total of 76,093 potential new job opportunities is expected to be created in the manufacturing sector, where it will require 27,894 (36.7%) positions for managerial, professional/technical/supervisory and skilled employment, reflecting the higher value chain transition of the manufacturing sector.

Investment in Primary Sector

The primary sector registered a total of RM26.3 billion (USD6 billion) in approved investments, or 9.9% of total approved investments in the various economic sectors, an increase of 52.3% from RM17.3 billion (USD4.1 billion) in 2021.

Domestic investment dominated the primary sector, accounting for RM13.9 billion (USD3.1 billion), or 52.9%, with foreign investment recording for the remaining 47.1%, or RM12.4 billion (USD2.9 billion).

The plantation and commodities sub-sector recorded RM2.2 billion (USD0.5 billion) of approved investments (2021: RM211.4 million or USD50.7 million). Meanwhile, the agricultural sub-sector attracted RM154.4 million (USD34.9 million) in total approved investments (2021: RM20.5 million or USD4.9 million).

MITI and MIDA Continues to be at the Forefront in Attracting Investments

Despite the global economic landscape’s challenges, Malaysia has shown unwavering determination in navigating these difficult times. MITI and MIDA have continued to play a proactive role in ensuring a steady flow of domestic and foreign investment, which has contributed to the country’s resilience.

MIDA has a number of promising projects in the works, with potential investments totalling RM14.6 billion (USD3.3 billion), indicating great potential for the Malaysian economy. The manufacturing sector has 31 projects with a potential investment of RM10.6 billion (USD2.4 billion), while the services sector has 218 projects with a potential investment of RM4 billion (USD0.9 billion). Moreover, the recent commitment by Tesla and Amazon Web Service (AWS) to invest in Malaysia is a testament to Malaysia’s political stability and institutional strengths. Overall, this reflects MITI’s and MIDA’s commitment to promoting sustainable economic growth and job creation in Malaysia.

“Moving forward, as Malaysia strives to become Asia’s investment gateway, we are making every effort to quickly emerge as ASEAN’s digital hub, owing to our highly developed ICT infrastructure, talented STEM pool, strong intellectual property protection framework, and rule of law. The revised New Industrial
Master Plan 2030 will set the tone for Malaysia’s industrial development by outlining new growth opportunities, improving ease of doing business, and attracting high-quality digital investments. To reduce our carbon footprint and promote sustainable development, we will prioritise investments that benefit the people, planet, and profit, as well as funding for green projects and renewable energy. Our goal is to create high-paying jobs for Malaysians while also ensuring that growth is equitable and beneficial to all stakeholders.” added Tengku Zafrul.

MITI and its agencies, such as MIDA, will continue to work hard to attract highquality digital investments, generate more value and opportunities for growth through data and cloud-based technologies, and create high-paying jobs for Malaysians. As the country aspires to become Asia’s investment gateway, the
Government will also ensure that growth is balanced and beneficial to all stakeholders via sustainable economic growth and prosperity for the rakyat.

*** END ***

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 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 media enquiries please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division
Email: [email protected]| DL: +603-2263 2428

Malaysia Attracted RM264.6 Billion (USD59.9 Billion) in Approved Investments for 2022, to Focus on Investments that Promote Sustainable Economic Growth and Prosperity for the People

KUALA LUMPUR – 2 March 2023 – Amazon Web Services (AWS) celebrated a significant milestone today with the announcement of plans to open a Cloud Computing Infrastructure in Malaysia. The Malaysian Investment Development Authority (MIDA) views AWS’s plans to invest approximately RM25.5 billion (USD6 billion) by 2037 to establish an AWS Region, a testament to their confidence in Malaysia’s promising digital economy and its capacity to drive long-term growth. This investment will advance nationwide digitalisation, foster a spirit of creativity, and cultivate a world-class digital workforce to accomplish Malaysia’s ambition of becoming a cloud-first nation.

Datuk Seri Anwar Ibrahim, Prime Minister of Malaysia, announced AWS’s investment at the AWS Cloud Day Malaysia event, which was attended by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of International Trade and Industry (MITI); YB Rafizi Ramli, Minister of Economy; YB Teo Nie Ching, Deputy Minister of Communications and Digital; and YB Tuan Mustapha Sakmud, Deputy Minister of Human Resources.

Minister of MITI, YB Senator Tengku Datuk Seri Utama Zafrul Aziz applauded AWS’s decision to establish its Cloud Computing Infrastructure in Malaysia. “We welcome AWS’s investment to bring an infrastructure for cloud computing to Malaysia, which will create value and opportunities for growth using data and cloud-based technologies. By embracing cloud, Malaysia will enhance its global competitiveness by attracting foreign investors and creating market-ready talent, Equally important is the empowerment of all industries and local SMEs to expand their operations and pursue innovation. We also look forward to AWS’s continued investment in talent training and development, particularly on cloud-based technologies among Malaysia’s workforce. On a personal level, I am also pleased that the relations I have built with AWS in the last two years have finally borne fruit for Malaysia’s benefit,” said Tengku Zafrul.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, attended the event and expressed, “MIDA has been facilitating and assisting AWS on their investment in the country, and we are proud and excited to witness this momentous event today. Malaysia already has a reputation as a “rising star” of the global data centre sector and by having AWS, the world’s leading cloud provider, make this investment in Malaysia will solidify our position as a data centre hub in the region. The investment and initiatives from AWS will provide Malaysia with cutting-edge technologies, which provides competitive edge to local businesses especially SMEs, and MNCs, helping them to grow.”

Malaysia has one of the most developed data centre markets in Southeast Asia, valued at RM4.7 billion (USD1.06 billion) in 2021 according to market analyst organization Arizton. This figure is expected to grow rapidly in the near future, rising to RM7 billion (USD1.57 billion) by 2027.

From January to September 2022, the information and communications sub-sector recorded approved investments valued at RM69.2 billion (USD14.9 billion). From the total approved investments of this sub-sector, RM60.7 billion (USD13.1 billion) investments for data centre activity were approved.

The Digital Investment Office (DIO) is at the forefront of facilitating digital investments, helping investors connect with local partners and navigate regulatory requirements. Through DIO, the Malaysian Government’s objective of attracting RM70 billion in digitalisation investments by 2025 is on track.

This is being further facilitated by strong investment in a range of other tech areas, including the communication network infrastructure as the nation transitions to 5G, which is also in tandem with a business-beneficial geographical location, abundant natural resources and a skilled workforce.

Key to developments to date – and more to come in the future – is the support from the Malaysian Government, with MIDA taking the lead to attract quality investments, harness the vast possibilities opened up by the digital revolution and leverage technology to navigate the challenges ahead.

Note: 1USD = RM4.48

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 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.

Media Contacts

Ms. Rosedalina Ramlan
Director, Business Services and Regional Operations, MIDA
Email: [email protected] | DL: +60322673515

Amazon Web Services (AWS) Announces RM25.5 Billion Investment to Launch an AWS Cloud Computing Infrastructure In Malaysia

The game changing initiative will be phased out as Malaysia’s borders open on 1 April 2022

Kuala Lumpur, 31 March 2022 – Following the recent announcement made by YAB Dato’ Sri Ismail Sabri Bin Yaakob, Prime Minister of Malaysia, that the country is transitioning into the endemic phase, Malaysia is set to reopen its border for international travellers including business travellers effective 1 April 2022. Thus, the One Stop Centre (OSC) which was established by the Malaysian Government on 2 October 2020 to facilitate the movement of business travellers following the gradual opening of the local economy post Movement Control Order (MCO) period, will be phased out effective 1 April 2022.

This is a positive step forward to economic recovery and Malaysia’s ability to continue attracting high-value and high-impact investments. Fully vaccinated travellers may enter Malaysia without prior approval from Malaysian authorities and are not subject to mandatory quarantine upon arrival.

Drawing the curtains of the OSC’s platform for Short Term Business Travellers entering Malaysia, investors are no longer required to apply for Entry Permission and Quarantine Mandatory Exemption to the OSC platform through the Safe Travel portal (https://safetravel.mida.gov.my/).

The Malaysian Investment Development Authority (MIDA), manages the Centre, which is a collaborative effort between the Ministry of International Trade and Industry (MITI), Ministry of Health (MOH), and Immigration Department of Malaysia (IMI) to ensure the legitimacy and health status of travellers entering Malaysia. The Business Travellers Centre (BTC) at Kuala Lumpur International Airport (KLIA) was also established as a key component of the OSC to facilitate Business Travellers movement – from entry to exit point.

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA expressed, “These initiatives were a quick response by the Government during a trying time globally to ensure Malaysia’s competitiveness and availability as an investment destination were not compromised and that the country remained open for business despite the national health emergency. Throughout its operations, the OSC and BTC facilitated a total of 3,223 companies approved for Short-Term Business Travellers, with an estimated total investment value of RM171.82 billion.”

“With the establishment of the OSC, investors’ travel requests were expedited for approval, allowing them to continue doing business in Malaysia. The initiative, with the tagline, “Welcoming Investors, Keeping you Safe”, was instrumental in facilitating high-profile foreign investment projects as investors were able to visit the country to cement their decision to invest and operate in Malaysia.” he added.

The Government through MIDA has been proactive in facilitating investors during the border closure. It will take an ongoing effort to protect public health and strengthen the Malaysian economy. MIDA commits to be responsive in undertaking innovative and aggressive investment promotion initiatives that are aligned with Malaysian investment aspirations as the country transitions to endemicity.    

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About MIDA

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

For more information, please contact:

Aizah Abdullah
Director of Industry Talent Management and Expatriate Division
Tel.: + 603-2267 3529
Email: [email protected]

The Closure of the One Stop Centre (OSC) for Business Travellers

Selangor, 18 March 2022 – Volvo Car Malaysia Sdn. Bhd., (Volvo Car Malaysia) a prominent automobile manufacturer announced the company’s electrification plan to produce its first assembled electric vehicle (EV). The company plans to manufacture the Complete Knocked Down (CKD) unit of electric vehicle (EV) at its manufacturing facility in Shah Alam, Selangor. Volvo Car Malaysia will be the first automotive brand in Malaysia that has a completed plug-in hybrid (PHEV) line for all car models.

In the Electrification Plan launching held at Petaling Jaya, Volvo Car Malaysia announced that the company will begin producing fully EV models in Malaysia. They introduced the XC40 Recharge Pure Electric model during the event. The production of this model will be the first electrification effort by Volvo Car Malaysia in the country and the company’s plans to continue leading the early automobile electrification initiative by exporting the locally assembled XC40 Recharge Pure Electric model to the ASEAN market. Moving forward, Volvo Car Malaysia plans to launch one (1) new locally assembled EV model every year beginning from 2022. This is in line with the company’s plan for going into full electrification by year 2030.

At the launching ceremony, Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) said, “The National Automotive Policy (NAP) 2020 has emphasised the need for adoption of Energy Efficient Vehicles (EEV) including EV in line with Malaysia’s commitment to reduce carbon emissions under the United Nation Framework Convention on Climate Change. The NAP has also outlined several specific initiatives to strengthen the EEV and EV ecosystem that will spur technology transfer and develop know-how for the local automotive industry to continue to thrive.

One pivotal project under the Twelfth Malaysia Plan (12MP) is the Centre of Excellence for Future Industry which operates as a high-end shared facility on the advancement of future technologies and innovations in Malaysia. This will be a key catalyst to the development of the Next Generation Vehicle, which includes EV with intelligent mobility functions, and will enhance our local industry capabilities not only in hardware but software solutions.”

The Senior Minister also added that Volvo’s move on making Malaysia one of its electrified vehicle hubs with models assembled here not only to serve the Malaysian market but also as an ideal gateway for the ASEAN market could not have come at a more opportune time. This is aligned to the Government’s pledge to drive sustainability and inclusivity as outlined in the Twelfth Malaysia Plan (12MP), with the commitment to achieve net-zero GHG emissions by 2050 earliest.

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) echoing the Senior Minister stated, “MIDA welcomes this project and acknowledge the importance of EV as the future of mobility. Indeed, this project will encourage similar investments in line with the Government’s National Investment Aspirations (NIA) and the Environmental, Social and Governance goals. Moving forward, we hope to develop our very own EV industry and its ecosystem.”

As technology-driven trends such as diverse mobility, autonomous driving, EVs and connectivity will shape the industry over the next 10 to 15 years, the National Automotive Policy 2020 was developed to advance Malaysia as a regional leader in automotive manufacturing, engineering, technology, and sustainable development. Potential investors are welcome to make strategic investments into the areas of electric and autonomous vehicles, Next-Generation Vehicles (NxGV) and their related core and critical components such as engines, powertrains, Light and Radio Detection and Ranging (LIDAR and RADAR), Advance Driver Assistance System (ADAS), EV batteries, and battery management systems.

Charles Frump, Managing Director of Volvo Car Malaysia, said “Volvo Car Malaysia is ready to implement Volvo’s global plan for a fully electric line-up by 2030, starting with the launch of the XC40 Recharge Pure Electric model.

The XC40 Recharge Pure Electric is just one of our many steps to encourage consumers to adopt EVs for a more sustainable future. By mid-decade, Volvo aims to reduce its overall carbon dioxide (CO2) lifecycle emissions per car by 40 per cent. This means more than simply reducing tailpipe emissions – electrification is not enough. We must also reduce CO2 emissions across our operations and supply chain.”

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

The production of the first locally assembled EV by Volvo Car Malaysia will be the catalyst to advance the automotive industry in line with the NAP 2020 and propel Malaysia to become a hub for EV in the ASEAN region.

As of 2021, MIDA has approved 36 projects within the EEV ecosystem with an approved investments amounting to RM1.9 billion. Most of the approved investments were from foreign sources amounting to RM1.1 billion (58 per cent), while the remaining of RM0.8 billion (42 per cent) were from domestic direct investments. More specifically, Malaysia secured ten (10) investment projects related to the manufacturing and assembly of electric vehicles and their components. These projects worth of RM1.2 billion investments will create more than 900 employment opportunities in the country.

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

About Volvo Car Malaysia
Volvo Cars established its presence in Malaysia in the early 1960s through an independent importer and distributor – Federal Auto Cars, before formally establishing Volvo Car Malaysia in 1999. Since then, Volvo Car Malaysia has gone from strength to strength and built a network of 14 dealers across the country.

The popularity and demand for Volvo cars locally had led to the establishment of the Volvo Car Manufacturing Malaysia in 1967 (previously known as Swedish Motor Assemblies), which is now Malaysia’s oldest and longest-running vehicle assembly plant. In 2016, Volvo Car Malaysia was the first market to locally assemble the XC90 PHEV outside of Sweden, which paved the way for the assembly of other Volvo PHEVs and recharge the brand’s commitment to providing a sustainable and safe driving experience. Volvo Car Malaysia sells premium-segment car models in two versions: sedans (S60 and S90) and SUVs (XC40, XC60 and XC90).

As of February 2021, it became the first automotive brand in Malaysia to offer a full range of PHEVs for all its models. In line with its global vision of becoming climate neutral by 2040, Volvo Car Malaysia is committed to bringing greater awareness on the current climate challenges to Malaysians and aims to become a leader in sustainability in the automotive industry through its product offerings, business operations, and local initiatives.

For more information, please contact:

MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Telephone: 03-2267 6688
Email: [email protected]

Volvo Car Malaysia
Ms. Elaine Ng
Telephone: +60 12-290 1108
Email: [email protected]

Volvo Car Malaysia Announced To Produce Its First Assembled Electric Vehicle (EV) In Malaysia

Connecting dreams, empowering futures

Kulim, Kedah, 28 March 2022 – A landmark event for Malaysia and the local automotive industry today, Sime Darby and Porsche rolled out the first locally assembled Cayenne for the domestic market. The premiere took place at the inaugural launch of the first assembly facility for Porsche vehicles outside of Europe at Sime Darby’s motor vehicle production and assembly facility in Kulim, Kedah.

A testament to the long-standing and trusted partnership built for well over a decade, Sime Darby and Porsche are connecting more Malaysian Porsche fans to their dream sports car, while at the same time empowering futures by unlocking the potential of the local community and workforce. The Cayenne models with right hand drive are only available in the domestic market.

The launch was officiated by the Raja Muda of Kedah, Duli Yang Teramat Mulia Tengku Sarafudin Badlishah Ibni Al Aminul Karim Sultan Sallehuddin, with Menteri Besar of Kedah Yang Amat Berhormat Dato’ Seri Haji Muhammad Sanusi Md Nor in attendance, along with the members of the Board and Management of Sime Darby Berhad, and members of the Executive Board and Management of Porsche AG and Porsche Asia Pacific.

The local assembly facility underscores Porsche’s commitment to Malaysia as well as the ASEAN region and demonstrates Sime Darby’s dedication to expanding its high value assembly capabilities as a critical element for growth for its Motors’ business.

Sime Darby Berhad Group Chief Executive Officer Dato’ Jeffri Salim Davidson said, “We are honoured by Porsche’s continued trust in Sime Darby, as we deliver a product consistent with Porsche’s highest standards for quality, performance and driving experience. The facility, which is 100% staffed by highly skilled Malaysians, not only supports the growth of our businesses across the automotive value chain in Malaysia; but also creates a pipeline of jobs to empower the local community.”

Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG, said, “Today we have reached a new milestone, rolling out the first locally assembled Cayenne and fulfilling the sports car dream of even more Malaysian Porsche fans. Our growth strategy underlines the importance of Malaysia for Porsche as we look to expand our presence in the ASEAN region. And it demonstrates our confidence in Sime Darby as a strong partner on our side.”

Driving Sustainable Futures

“The new assembly site in Malaysia meets specific market needs and operates alongside Porsche’s established network of production sites in Europe. In particular it meets comprehensive quality standards set forth by Porsche when assembling Porsche sports cars,” said Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche. “Additionally, the facility was built alongside our production philosophy: smart, lean and green.” Therefore, the new assembly facility is not only a benchmark in efficiency and quality, but also in sustainability.

With this in mind the local assembly facility is designed to meet high sustainability standards: on the roof, solar panels provide all the power needed for operation, and on the ground, rainwater harvesting technologies ensure wastewater is kept to a minimum.

The Sime Darby local assembly facility is staffed by a team of highly skilled and 100% Malaysian talent, all of whom have received comprehensive training from Porsche.

The assembly is further supported by a network of local suppliers and contracted service providers in the area, empowering the futures of the local community with job opportunities, upskilling prospects, and potential for further expansion.

Senior Minister and Minister of MITI, Dato’ Seri Mohamed Azmin Ali welcomed Porsche’s expansion in Malaysia and expressed that this development is aligned to the National Automotive Policy (NAP) 2020, which aims to advance Malaysia as a regional leader in automotive manufacturing, engineering, technology, and sustainable development. Sime Darby and Porsche choose Malaysia for its first assembly facility outside of Europe, signifying the company’s confidence in Malaysia’s conducive ecosystem and strength to support their long-term growth. This assembly facility in Kulim, Kedah also acknowledges the capability of Malaysia’s local talent of highly skilled engineers and technicians towards expanding their footprint in the ASEAN region.

He also said that the Government views the automotive industry as a strategic economic sector acting as a gateway to boundless precision engineering possibilities. Established automotive-producing nations have demonstrated the vibrancy of the global supply chain’s development, which has been instrumental in the substantial growth of creating jobs and skilled workforce as well as generating many business opportunities for Small and Medium Enterprises.

Datuk Arham Abdul Rahman, MIDA CEO further concurred, “This new assembly facility in Kulim indicates Porsche and Sime Darby’s assured commitment and trust in the Malaysian business ecosystem, especially in assembling OEM parts and devices. The Malaysian Government will strive to build a conducive environment for the foreign and domestic industry leaders to do business in Malaysia given the nation’s readiness to provide long term business opportunities and connect to capable technology partners. With Porsche’s reputation as a high-performance car manufacturer that demands state-of-the-art technology and precision engineering, this partnership is indeed strategic to our efforts to promote and enable high-value; high-technology; knowledge, capital and skill-intensive; as well as high income employment to solidify Malaysia’s position as a competitive and profitable investment destination.”

In 2021, MIDA has approved 36 projects within the Energy Efficient Vehicle (EEV) ecosystem, amounting RM1.9 billion. Majority of the approved investments were from foreign sources, amounting to RM1.1 billion (58 per cent), while the remaining RM0.8 billion (42 per cent) were from the domestic direct investments.

Locally Assembled, World-Class Quality

The Porsche Cayenne has long been the symbol of Porsche’s broadening horizons, appealing to new customer segments by combining an elegant interior and unparalleled comfort with robust dynamism and functional off-road abilities.

Today, it becomes another symbol of Porsche’s global expansion, as the first locally assembled Cayenne rolled off the assembly line of Sime Darby’s facility for Porsche.

The locally assembled right hand drive Cayenne comes with an elevated and enhanced standard equipment range specified exclusively for the Malaysian market, with a specially- curated Porsche Exclusive Manufaktur option package and a special Porsche Design timepiece available for further personalisation. A wide range of lifestyle-oriented Tequipment accessories are also available on request.

The inaugural launch of this new local assembly facility for Porsche forms the latest highlight amid numerous exciting developments in the country: Porsche Malaysia recently announced the first high performance enroute charging network in partnership with Shell which will be finalized this year; a new Porsche Centre in Johor Bahru, complementing the existing facilities in Kuala Lumpur and Penang, is also scheduled to open later this year.

Find out more about the Cayenne at your nearest Porsche Centre, at mycayenne.online or visit www.porsche.com.my for more information.

About Sime Darby Berhad
Sime Darby Berhad is a partner of choice for the world’s best brands in the Industrial and Motors sectors. We deliver sustainable value to our stakeholders through operational ex- cellence, high performance standards and good corporate governance. Founded in 1910, Sime Darby Berhad today has a workforce of approximately 20,000 employees and a pres- ence in 19 countries across the Asia Pacific region. It is listed on the main market of Bursa Malaysia with a market capitalisation of RM15.53 billion (USD3.71 billion) as at 27 March 2022. For more information, please visit www.simedarby.com.

Sime Darby Berhad
Group Communications
Tan Yee Pheng
E-Mail: [email protected]

About Sime Darby Auto Performance Sdn. Bhd.
Sime Darby Auto Performance (SDAP) is a subsidiary of the Motors Division of Sime Darby Berhad. SDAP has been the authorised importer of Porsche in Malaysia since 2010, and distributes Porsche vehicles and parts, as well as provides after sales services for Porsche vehicles in Malaysia through its three Porsche Centres nationwide, namely Porsche Centre Ara Damansara, the largest Porsche Centre in a single facility within Asia Pacific, Porsche Centre Sungai Besi and Porsche Centre Penang. Porsche Centre Johor Bahru is slated to be launched in Q3 2022.

For media queries, kindly contact
Sime Darby Auto Performance Sdn. Bhd.
Public Relations and Media
Shammi Chung
E-Mail: [email protected]

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

For media queries, kindly contact:

MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Email: [email protected]
Tel: 03-22676688

Sime Darby and Porsche roll-out first locally assembled Cayenne at launch of first assembly facility outside Europe     

SELANGOR, 23 MARCH 2022 – Sensata Technologies, held a groundbreaking ceremony for a new Green Certified building in Malaysia, increasing manufacturing floor space by 40,000 square feet, bringing the total manufacturing space to nearly 275,000 square feet.

Sensata Techologies is a publicly-traded company (NYSE:ST) and a leading manufacturer of sensors, electrical protection components and sensor-rich solutions with operations globally. Sensata Technologies Malaysia first started operations in Kuala Lumpur as part of Texas Instruments (TI) Malaysia in 1974. Texas Instrument’s Sensors & Controls (S&C) Division separated from TI in 2006, and the S&C operations became part of the stand-alone Sensata Technologies business.  Since 2006, the Company has been manufacturing world-class products in Malaysia for a number of customers and has steadily grown in terms of securing more product portfolios, establishing an on-site mechanisation team and venturing into automated manufacturing.  

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) welcomed Sensata Technologies’ expansion in Malaysia, saying, “Sensata Technologies is no stranger in the global electrical and electronic (E&E) industry; and the company’s objectives complement MIDA’s continued efforts in encouraging economic transformation in developing talents for the increasingly digital industrial landscape. Sensata Technologies’ decision to set-up its operations is a testimony of its continued confidence in Malaysia’s business ecosystem as the project looks to further expand its customer and commercial base. This complements the Government’s effort to spur socio-economic development to the local vicinities; and indeed is a “win-win” situation for both the company and our country in line with our National Investment Aspirations (NIA).”

Sensata Technologies has invested approximately RM790 million in Malaysia and will invest an additional RM510 million within the next five (5) years to expand its technology offering and manufacturing capacity. This added floor space will provide the necessary room to grow the Sense Element Assembly (SEA) which is a key component for sensors used in the industry, Electric Vehicle (EV) growth and state-of-the-art manufacturing facilities, which require class 10K cleanroom facility and robotics.

“In addition to technological advancements, we will also be creating value for people in the community by creating more than 500 new job opportunities. We will also be more integrated in our supply chain by collaborating with local Small Medium Industry (SME) on state of the art sensors assembly as we know that there are many SMEs in our region who have the technology we need at much more reasonable cost,” said Vijay Jayaratnam, General Manager, Sensata Technologies Malaysia.

Malaysia successfully recorded a breakthrough in approved investments for 2021, amounting to RM306.5 billion in the manufacturing, services and primary sectors. The manufacturing sector continued to be the mainstay of Malaysia’s economy, with approved investments of RM195.1 billion in 2021, compared with RM91.3 billion in 2020, a significant increase of 113.7 per cent. E&E remained a leading industry, receiving 94 projects worth RM148 billion.

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The artistic design of Sensata Technologies Malaysia with the New Building 4 from the main entrance.

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

About Sensata Technologies
Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world. Through its broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable business insights, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 21,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow us on LinkedIn, Facebook and Twitter.

For further enquiries, please contact:

MIDA:
Domestic Investment Division
Sukri Abu Bakar (Mr.)
+603 2267 3685
[email protected]

E&E Division
Noor Suziyanti Saad (Ms.)
+603 2267 3575
[email protected]

Sensata Technologies:
Media Contact
Leila Beardsmore
(805) 452-2165
[email protected]

Corporate Media Contact:
Alexia Taxiarchos
(508) 236-1761 [email protected]

Sensata Technologies Expands Manufacturing Presence in Malaysia With a New Green Certified Building

Selangor, 15 March 2022 – Xin Hwa Holdings Berhad (“Xin Hwa”), a domestic integrated logistics service provider organised an official launch of its E-Fulfilment Centre in Shah Alam, Selangor today. The occasion was officiated by YBhg. Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, Mr. Ng Aik Chuan, Managing Director of Xin Hwa together with Mr. Kok Poh Fui, Executive Director of Xin Hwa. Xin Hwa is a publicly traded company that was listed on the Main Market of Bursa Malaysia in 2015. They offer a complete range of services including land transportation; warehousing and distribution; freight forwarding and customs brokerage; manufacturing and fabrication of trailers; and containers haulage services.

This centre strategically located along the ELITE Highway, comprises of a 7-storey office and a 3-storey warehouse with a total built-up of 300,000 square feet. It is a purpose-built building specially designed to facilitate e-commerce logistics and to support the booming e-commerce market, which entails high volume and smaller-sized packages in general. This facility is part of Xin Hwa’s warehouse capacity expansion strategy which aims to capitalise on rising demand for warehousing space as a result of supply chain interruptions and the growth of online trading activities. More importantly, this establishment will create more high-value job opportunities for Malaysians while also providing the country an ideal platform to facilitate the rapid growth of e-commerce.

Congratulating Xin Hwa, Datuk Arham Abdul Rahman, CEO of MIDA said “We continue to facilitate Malaysian logistics companies in their forays into the e-commerce business, mainly through the e-Fulfillment segment. On the other hand, to cultivate the development of Malaysia’s logistics industry, we introduced specialised facilities such as the Integrated Logistics Services (ILS) and the International Integrated Logistics Services (IILS) incentives. The IILS had been fulfilling its aim of enabling integrated logistics companies to obtain a freight forwarding license and to go global. In 2021, 20 ILS projects with a total investment of RM1.7 billion were approved, creating over 2000 job opportunities.”

Datuk Arham also added “MIDA is confident that the ongoing engagement between the public and private sectors will accelerate the development of Malaysia’s logistics and e-commerce ecosystems. Our goal is to create more business and job opportunities to increase the overall wealth and prosperity of the country.”     

The launch of the Shah Alam E-Fulfilment Centre is timely for the Malaysian Logistics industry due to the prevailing warehousing space shortage stemming from consumers’ shift to online shopping, which is exacerbated by supply chain disruptions. With Malaysia being positioned to be a well-established regional distribution centre (RDC), the E-Fulfilment centre can further enhance the capabilities of the e-commerce logistics hub for the Asia Pacific market and would undoubtedly be able to play a role in accelerating the efficiency of Malaysia’s transportation and storage system and supporting the Government’s objective.

Xin Hwa offers both bonded and non-bonded warehousing options through its eight (8) warehouses, five (5) of which are in Johor and the each of the remaining three (3) in Klang, Kuantan and Shah Alam respectively. Currently, the company has an adequate storage capacity of about 1.2 million square feet.

Meanwhile, Managing Director of Xin Hwa Holdings Berhad Mr. Ng Aik Chuan said “We would like to extend our deepest appreciation to the Malaysian Government and MIDA for their efforts in providing comprehensive support to the development of the logistics industry. This in turn enables us to execute our investment projects effectively and be part of the solution in enhancing Malaysia’s value proposition in the global logistics network. Moving forward, we aim to ride on the strong recovery in the logistics industry as the country progresses towards endemicity and reopen the international borders. In this regard, we have already planned for further investment to continue expanding our logistics and warehousing capacity and look forward to working together with MIDA to realise these plans.”

Malaysia’s e-commerce industry is one of the fastest expanding in Southeast Asia, making it a highly appealing market to enter.  In 2021, MIDA recorded a total of 20 ILS projects with approved investments of RM1.7 billion, creating over 2000 job opportunities. 

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About MIDA

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

About Xin Hwa 

Xin Hwa Holdings Berhad is listed on the Main Market of Bursa Malaysia Securities Bhd. The Group is an integrated logistics service provider, offering a complete range of services including land transportation; warehousing and distribution; freight forwarding and customs brokerage; manufacturing and fabrication of trailers; container haulage services. Land transportation is the Group’s core expertise with strong capability in handling cargo transportation, project cargo involving oversized and over-weight structures across Peninsular Malaysia as well as cross-border between Peninsular Malaysia and Singapore. Xin Hwa’s warehousing and distribution services complements its land transportation services.

For more information, please contact:

MIDA
Ms. Habibah Enok
Director, Oil and Gas, Maritime and Logistics Services Division, MIDA
Telephone: 03-2267 3539
Email: [email protected]

Xin Hwa Holdings Berhad
Mr. Brian Chin
Investor Relations
Telephone: 012-355 3683
Email: [email protected]

Xin Hwa, a Domestic Integrated Logistics Service Provider Invested Approximately Rm100 Million to Establish an E-Fulfilment Centre in Shah Alam

Kota Bharu, 12 March 2022 – ROHM-Wako Electronics (Malaysia) Sdn. Bhd. (RWEM), a major Japanese electronics maker, announced that it is expanding its electronic components facility in Kelantan with a total investment of RM910 million. This investment is expected to create high-skilled jobs for over 340 Malaysians. It is the single biggest investment ever made by the company which uniquely positions Malaysia as a key hub for the semiconductor and automotive global value chains.

YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), in response to the announcement said, “It is noteworthy that the establishment of the manufacturing facility in Malaysia is a strategic decision by Rohm-Wako Electronics to build long-term presence in the ASEAN region. Indeed, this vital expansion signifies the company’s confidence in the capability of our local talent of highly skilled engineers and technicians. The investment performance of ROHM-Wako Electronics in Malaysia is most encouraging, with this new manufacturing facility generating employment opportunities for local talent, contributing to the economic upliftment of the community as well as boosting commercial development in the state. This expansion project is in line with the National Investment Aspirations (NIA) to make Malaysia a strategic investment hub.”

Echoing the Senior Minister, Datuk Arham Abdul Rahman, the Chief Executive Director (CEO) of the Malaysian Investment Development Authority (MIDA) remarked: “MIDA looks forward to welcoming other potential partners to leverage Malaysia’s capability as a supply chain hub to serve the industrial needs of the global market. The company’s expansion is poised to strengthen the country’s position in the global value chains. It is also expected to promote high-skilled jobs and ensure that Malaysia’s industries remain resilient and competitive.”

“The expansion is vital for our company’s continuous business and innovation growth, and with the Malaysian plant having skilled and reliable workforce, we are confident that we have made the right decision to continue investing in this country.” said RWEM President, Mr. Hideki Hashimoto.

The new building, which will be constructed within the RWEM premise, will serve the purpose of responding to the strong demand for semiconductors and promoting multi-site production system of analog Large-Scale Integrations (LSIs) and transistors in line with the Business Continuity Management (BCM). The construction of the new building will ultimately increase the overall production capacity by approximately 1.5 times.

The construction of the new facility, which is expected to have a 3-story building with a total floor area of 29,580 square meters, is envisaged to begin in Q1 2022 and be completed in August 2023. The new building will be equipped with various energy-saving technologies to reduce the environmental impact, expected to reduce CO2 emissions by approximately 15%. This will eventually strengthen the BCM system by adopting various disaster-proof measures with up-to-date technologies.

The expansion will provide capacity for additional component of Wide Line Transistor and Gate Driver Integrated Circuit, mainly used for electric vehicles (EVs) and hybrid cars. These components will also apply to the company’s existing production of discrete semiconductors such as diodes, light emitting diodes and laser diodes used in a wide arrange of electronic consumer products such as audio and video, TVs, laptops as well as mobile phones. This is in line with Malaysia’s National Automotive Policy (NAP) 2020 which focuses on the development of new technologies in future mobility areas.

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

About ROHM CO. LTD.
ROHM Co., Ltd. engages in the design and manufacture of integrated circuits and other electronic components. It operates through the following segments: LSI Integrated Circuits, Discrete Semiconductor Devices, Module and Others. The LSI Integrated Circuits segment includes analog ICs, logic ICs, memory ICs, ASICs, and foundry business operations. The Discrete Semiconductor Devices segment covers diodes, transistors, light-emitting diodes, and laser diodes. The Module segment produces power modules that include print head and optical modules. The Others segment deals with resistors, tantalum capacitors, power modules, and lighting products. It also develops large scale integrated (LSI) scanner engines designed specifically for cordless hand-held scanners. The company was founded by Kenichiro Sato in December 1954 and is headquartered in Kyoto, Japan. For more information, please visit http://www.rohm.co.jp

For more information, please contact:

MIDA
Azlina Hamdan (Ms.)
Director, E&E Division, MIDA
+603-2267 3791| [email protected]

ROHM -Wako Electronics (Malaysia) Sdn. Bhd.
1. Tan Shee Nee (Ms.)
2. Kang In Wei (Ms.)
+6017979 5303 | [email protected]

ROHM-Wako to Increase Production Capacity In RM910 Million New Kelantan Facility

      

Pulau Pinang, 9 March 2022 – Applied Engineering Technology (M) Sdn. Bhd.   (AETM) organised a grand opening ceremony for its manufacturing plant in Batu Kawan Industrial Park, Pulau Pinang today. The ceremony was officiated by Deputy Chief Minister 1 of Penang, YB. Dato’ Ir. Haji Ahmad Zakiyuddin bin Abdul Rahman and attended by Government officials including Madam Lim Bee Vian, Deputy CEO of Malaysian Investment Development Authority (MIDA) (Investment Development) and Dato’ Loo Lee Lian, CEO of InvestPenang.

Established in May 2021, AETM is a joint venture company between US-based Applied Engineering (AE) and its Malaysian counterpart, QES Manufacturing Sdn. Bhd. (QES). Together, they will provide high-tech electromechanical contract manufacturing services, from prototyping to high volume production. Notably, AETM is AE’s first offshore operation outside of the United States.

Congratulating AETM, Dato’ Ahmad Zakiyuddin Abdul Rahman, Deputy Chief Minister 1 of Penang said “Penang’s dynamic industry cluster allows companies that set foot here to enjoy overarching benefits, which include supply chain resiliency and operational advantage. Importantly, the talent pool is equipped with strong engineering expertise that enables companies here to perform high value-added activities and increase participation in the global value chain.” 

“The significance of Penang in the regional and global scale is well attested, Penang accounted for over 5 per cent of the global semiconductor sales and serves as one of the most thriving regional hubs for equipment manufacturing, as well as medical technology industries. Leveraging Penang state as a springboard, I am confident that Applied Engineering Technology could seize tremendous opportunities arising from the technology advancement and global megatrends.”  

Meanwhile, Madam Lim Bee Vian, Deputy CEO (Investment Development), MIDA stated, “This grand opening ceremony is a very significant milestone after the joint venture partnership was established in 2021. It is a parallel testament to global investors’ confidence in Malaysia as a preferred investment destination, as well as the capability and readiness of local companies to support high profile business ventures and activities.” She expressed confidence that having Applied Engineering Technology’s (AETM) technology and expertise here in Malaysia will enhance the value of talent and skilled human capital development in the country, which is in line with our National Industry 4.0 aspirations. Local job seekers, particularly those with an engineering background will benefit greatly from the transfer of technology by working hands-on with the experts at AETM.

“Local suppliers would also benefit from increased business, particularly in the areas of automation equipment design. This in turn can assist local suppliers in meeting international standards and integrate themselves into the global value chain.” Madam Lim added.

The Batu Kawan manufacturing plant, which has a factory floor space of approximately 20,000 square feet, is expected to begin servicing customers in April 2022. Currently, AETM has successfully obtained MIDA’s manufacturing licence as well as business licence from the local authority. AETM has also received a Manufacturing Warehouse Licence (LMW) from the Royal Malaysian Customs Department in February 2022.

Speaking at the event, the President of Applied Engineering Inc. Jack Yao added, “We truly appreciate the partnership with QES. We will work in the best way possible to ensure the success of this joint venture. Batu Kawan is a great place for manufacturing companies, and we are glad to be able to cement a mark in this area. The markets served under this endeavour include semiconductor/display capital equipment, medical technology, industrial automation, aerospace, and emerging technology. We are confident that the ASEAN market will benefit from this partnership.”

Meanwhile, the Managing Director and President of QES Group Berhad Chew Ne Weng said, “Today marks a momentous step forward in our joint venture with AETM. We thank the Deputy Chief Minister 1 of Penang for taking time out of his busy schedule to officiate our event. We look forward to kickstarting our joint venture’s manufacturing operation in Batu Kawan, Pulau Pinang.

Aside from our manufacturing facility, we have invested heavily in talent building. From November 2021 to January 2022, we have sent key staff members and technicians to AE San Jose for knowledge transfer, to have an in-depth understanding on the technical know-how. In addition, we intend to station technical experts from AE San Jose in Penang for additional training. For the first two years, our focus is to support our customers in terms of equipment assembly and integration, focusing on semiconductor, medical and other industry segments. Starting from the third year onwards, we plan to develop equipment design capability for our customers, based on their needs.”

The project segments are primarily for electromechanical contract manufacturing services, and AETM is working to meet the specific manufacturing needs of their clients. The company’s focus will be on semiconductor equipment manufacturing, medical technology, medical devices, defence, and aerospace not only for the Malaysian market but also for the ASEAN and China markets.   

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About MIDA

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

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for 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 centres. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Centre (aiding SMEs), Penang CAT Centre (for talent attraction and retention) and i4.0 seed fund (a catalyst for the start-up ecosystem). For more information, please visit https://investpenang.gov.my/. 

Do follow us on InvestPenang’s social media channels: Facebook ; LinkedIn

About Applied Engineering Inc.

Electronic Interface Company DBA as Applied Engineering Inc. is a California corporation with its business headquarters at 6341 San Ignacio Ave. Suite 10, San Jose, CA, 95119. AE is a 100 per cent employee-owned company located in San Jose and has been in business since 1979. AE specialises in electro-mechanical contract manufacturing services from prototype to high volume production for semiconductor, life science, defence, aerospace, and emerging technology segment.  AE is known in the industry as a contract manufacturer. For more information about Applied Engineering please visit https://www.appliedengineering.com

About QES Group Berhad

QES Group Berhad (“QES” or the “Group”) was listed on the ACE Market of Bursa Malaysia Securities Berhad in 2018. Through its subsidiaries, it is principally involved in the manufacturing, distribution and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment. The Group serves customers from a broad range of industries including the semiconductor, electrical & electronics, automotive and metal, higher education institutions, petrochemical, pharmaceutical, environment and renewable energy industry. QES is listed under the Industrial Products and Services Sector (Name & Code: QES & 0196). For more information about QES Group Bhd, please visit https://www.qesnet.com/ .

For more information, please contact:              

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division, MIDA
Telephone: 03-2267 3628
Email: [email protected]

InvestPenang
Ms. Yeoh Bit Kun
Head, Communication and Business Intelligence
Telephone: 04-646 8833
Email: [email protected]

Applied Engineering Inc
Ms. Liana Marrero
Sales Operation Manager
Telephone: +1 408 605 8028
E-mail: [email protected]

QES Group Berhad
Ms. Alicia Chan
Sr. Personal Assistant to the Group Managing Director
Telephone: 03-5882 6668
Email: [email protected]

AETM’s Confidence In Malaysia Results In The Setting Up Of A 20,000 Square Feet Manufacturing Facility In Pulau Pinang

Attracted Record-Breaking Approved Investments Worth RM306.5 billion in 2021

• MIDA attracted RM306.5 billion of approved investments in the manufacturing, services and primary sectors.
• Astounding increase of 83.1 per cent in 2021 compared to performance in 2020.
• FDI’s stellar performance accounted for nearly 68.1 per cent of approved investments, valued at RM208.6 billion compared to RM64.2 billion in 2020 which is an increase of 224.9 per cent, while DDI totalled RM97.9 billion.
• Malaysia’s manufacturing sector secured projects worth RM195.1 billion in 2021, compared to the RM91.3 billion it gained in 2020, a major increase of 113.7 per cent.
• The electrical and electronics (E&E) industry received the most approved investments worth RM148 billion.
• Malaysia has secured 75 capital intensive projects valued at RM100 million and above, spurring the growth of new advanced manufacturing technologies and produce a highly-skilled workforce.
• The services sector attracted RM94.1 billion from 3,803 approved projects.
• The mining industry witnessed approved investments worth RM17.1 billion, representing 98.7 percent of the overall total investments in the primary sector driven by higher prices for crude oil and natural gas.

Kuala Lumpur, 8 March 2022 – Malaysia gained new economic growth with RM306.5 billion worth of approved investments in the manufacturing, services and primary sectors in 2021. The country remained an attractive investment destination for global and regional business expansion as total Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) numbers exceeded expectations with stellar performance in 2021, increasing to 83.1 per cent from the achievement attained 2020.

“Our robust business ecosystem has enabled us to secure strategic investments and forge new trade relationships placing us on a positive trajectory to propel our economy to greater heights as well as expedite efforts towards inclusive socio-economic growth.” said YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) at the MIDA’s Annual Media Conference (AMC) 2022.

“The easing of pandemic containment measures has allowed for the resumption of economic activities coupled with high vaccination rates among diverse industries and professionals. Further efforts were put in place to ensure that the business ecosystem remains responsive to global trends with policies and initiatives for business facilitation, talent upskilling and reskilling, digitalisation and automation. In a nutshell, these measures have successfully placed our economy on a firm and resilient footing towards the path of vibrant growth and sustainable recovery,” he added.

The Senior Minister also iterated that the recent FDI’s stellar performance accounted for nearly 68.1 per cent of approved investments, valued at RM208.6 billion compared to RM64.2 billion in 2020 which is an increase of 224.9 per cent, while DDI totalled RM97.9 billion. The DDI complemented FDI performance, making up 31.9 per cent of the total investment value. The manufacturing sector led the way for total investments approved in 2021, recording RM195.1 billion, followed by the services sector RM94.1 billion and the primary sector with RM17.3 billion.

The Netherlands (RM78 billion), Singapore (RM47.3 billion), People’s Republic of China (PRC) (RM31.3 billion), Austria (RM18.9 billion) and Japan (RM9.9 billion) accounted for 88.9 per cent of total FDI approved in the manufacturing, services and primary sectors.

Pulau Pinang (RM83.5 billion) recorded the highest investments approved last year, followed by Kedah (RM68.3 billion), Kuala Lumpur (RM37.7 billion), Selangor (RM28.8 billion) and Sarawak (RM25.7 billion). These five states contributed 79.6 per cent of the total approved investments for 2021.

Manufacturing Takes the Lead

Malaysia’s manufacturing sector secured projects worth RM195.1 billion for 2021 compared to the RM91.3 billion it gained in 2020 – a major increase of 113.7 per cent. These achievements will offer 74,575 job opportunities, whereby 28,698 are managerial, technical, supervisory and skilled (MTS) positions.

The electrical and electronics (E&E) industry received the most investment opportunities, with 94 approved projects worth RM148 billion. Besides the E&E industry, Malaysia attracted high levels of approved investments in other industries, including basic metal products (RM19.4 billion), chemicals and chemical products (RM5.8 billion), rubber products (RM5.8 billion) and food manufacturing (RM5.4 billion). 

Malaysia has secured 75 capital intensive projects valued at RM100 million and above and these projects will spur the growth of new advanced manufacturing technologies and produce a highly-skilled workforce.

Pulau Pinang (RM76.2 billion) recorded the highest investments approved last year, followed by Kedah (RM66.2 billion), Pahang (RM10.5 billion), Selangor (RM7.5 billion) and Johor (RM7.0 billion). These five states alone contributed more than 85 per cent of the total approved investments for 2021.

The manufacturing sector continued to be the mainstay of the economy for 2021 generating significant multiplier effects on the nation’s activities and growth. The percentage of quality projects approved increased to 81.3 per cent in 2021. As reflected by the MTS (Managerial, Technical, Supervisory and Skilled) Index, the number of job opportunities in these positions increased to 38.5 per cent in 2021.

The Less Developed Areas (LDAs) incentive was introduced in 2015 to spur regional development and inclusiveness through substantial employment creation and rural development in the country’s transition to a high-income economy. In 2021, we secured a total of RM 80.7 billion (41.4 per cent) worth of approved investment, compared to RM 34.3 billion (37.6 per cent) gained in 2020. The Senior Minister stressed that “As part of the realisation of the Shared Prosperity Vision 2030, it is notable that in 2021, we secured a total of RM 80.7 billion worth of approved investments for less developed areas.”

Notable projects approved last year consist of multinational corporations in the high-impact and high-technology industries that have established their operations in Malaysia. This includes Risen Solar, which will invest RM42.2 billion to bring design development and manufacturing of solar modules and solar cells, followed by Intel Electronics with an investment of RM30 billion to produce wafer fabrication and stacked dies. AT&S, a global leader of high-end printed circuit boards (PCB) and integrated circuit (IC) substrates with an investment of RM8.5 billion, will establish design development and manufacture of its IC Substrates in Kulim Hi-Tech Park. This massive expansion attests to Malaysia’s capabilities to facilitate mega business growth. A subsidiary of a Fortune 500 company, SK Nexilis, has also announced its first overseas production base in KKIP Industrial Complex, Kota Kinabalu, Sabah with an investment of RM4.29 billion.

The investment of RM3.25 billion by Infineon Technologies in Melaka, further strengthen the Malaysia’s position as the global semiconductor hub. Sheng Long Aqua Technology will produce aquaculture feed with investments of RM3.03 billion. Ibiden Electronics’ investment will involve a multilayer PCB expansion worth RM886 million.

Taiyo Yuden has pledged enormous investments to expand its manufacturing capability in multilayer ceramic capacitors production in Sarawak, injecting RM680 million in capital investments. The Kuching facility spanning over 36,500 square meters, is expected to operate by March 2023. It will include using high-tech equipment with state-of-the-art features, supporting high-energy conservation and incorporating solar-powered roofs, in line with Environmental, Social and Governance (ESG) Goals.

Other notable investments are from Wilmar Greenfarm Vegan Food, a domestic player in the food-tech and resource-based industry, will be investing RM196.39 million for its manufacturing wing is a new project set to increase its production volume of agro and vegan food products for consumers. Greatech Integration’s RM182.52 million expansion project aims to produce factory automation systems and related modules and components in Batu Kawan, Pulau Pinang. At the same time, Delta Industrial has invested RM154.38 million to undertake the design and development, manufacturing and assembly of amphibious aircraft in Subang Jaya.

Malaysia’s Services Sector is Expanding

Malaysia’s diversified services sector continues to embrace digitalisation to move up the value chain and boost operational efficiency when remote-working and automation trends have accelerated due to the COVID-19 pandemic. New services have materialised through the invention of the Internet of Things. Artificial intelligence and the cloud network have redefined the service sector’s importance in Malaysia’s economy.

The Malaysia Digital Economy Blueprint (MyDIGITAL) is designed to strengthen the foundation and development of the country’s digital infrastructure. The blueprint aims to attract RM70 billion investments to accelerate digitalisation efforts. The digital economy is expected to contribute 22.6 per cent to the country’s GDP and aims to open 500,000 job opportunities by 2025.

The Digital Investment Office (DIO) was established to facilitate digital investments in Malaysia, in line with the government’s aim to attract RM70 billion investments to accelerate digitalisation efforts by 2025. The setting up of the DIO in collaboration with Malaysia Digital Economy Cooperation (MDEC) is timely and in line with the evolution of the global investment landscape towards digitalisation and Industry 4.0, creating unique and interesting value propositions for digital projects. Leveraging on synergies between the two investment promotion agencies, a total of RM3.4 billion investments have been approved under the DIO, involving data centre and Multimedia Super Corridor (MSC) status projects.

In 2021, Malaysia secured 3,803 projects in the services sector worth RM94.1 billion in approved investments. The DDI brought RM69.2 billion in 2021 compared to RM63.5 billion in 2020 in this sector, underscoring the inherent strength of Malaysia’s companies that could be leveraged further for export of services.

The top five contributors of approved investments in this sector were real estate (RM28.8 billion), global establishments (RM19.7 billion), financial services (RM12.0 billion), utilities (RM9.6 billion) and information and communications (RM8.2 billion), experiencing 36.6 per cent in growth, valued at RM78.3 billion of approved investments compared to 2020.

The global establishments sub-sector recorded RM19.7 billion in 2021, higher than RM595.2 million achieved in 2020. A total of 102 principal hubs, regional and representative offices were approved in 2021 and expected to offer 3,838 new positions for highly-technical professionals.

As part of its advances in developing IR4.0 technologies to accelerate Malaysia’s digital transformation, Huawei Technologies (Malaysia) is gearing up for the next frontier in 5G innovation with its new Global Operational Headquarters in Kuala Lumpur.

The Twelfth Malaysia Plan has also made green growth a priority, specifically focusing on green technology and energy sustainability as the main factors to advance Malaysia’s green economy. Malaysia is optimistic to become a net-zero carbon country by 2050. Berjaya Alam Murni’s Sustainable Schedule Waster Treatment Centre (SSWTC) will invest RM172.95 million to develop an integrated waste management facility.

Another notable project, L.Q. Hotel, a Singapore-based company will be investing RM689 million to establish its presence in Kuala Lumpur. Under the green technology industry is the Solarpack Suria Sungai Petani that will invest RM353.13 million to build a Large-Scale Solar (LSS) Photovoltaic in Kedah. In Selangor, ILM Logistics is set to implement its expansion plans valued RM226.82 million.

Mining Maintains Forefront Role in the Primary Sector

The primary sector registered approved investments of RM17.3 billion in 2021, compared to RM6.1 billion in 2020. The mining sub-sector led the bulk of investments RM17.1 billion (98.7%) of total investments approved in the primary sector driven by higher prices for crude oil and natural gas. The rest of the primary sector investments comprises the plantation and commodities and the agriculture subsectors with investment values of RM211.4 million and RM20.5 million, respectively.

Charting the Path towards Resilient Economic Recovery

In stressing the imperative for economic resilience for sustainable national recovery, Dato’ Seri Azmin said “Malaysia continues to forge ahead, “powering resilience” through robust policies that will further enhance the positive trajectory we are in. The National Investment Aspirations is poised to attract high impact investments in new growth areas which bring about bountiful spill over effects to the economy. On that note, the New Industrial Masterplan 2022-2033 will further propel the local industries to accelerate digitalisation efforts and fully realise the benefits of transition into Industry 4.0.”

Reflecting the NIA in propelling Malaysia’s long-term growth through the flow of sustainable quality investment in new and complex growth areas, MITI and MIDA have lined up targeted trade and investment missions (TIM) and Specific project Missions (SPM) to accelerate investments in high technology, innovation and research-driven industries that will complement the Malaysian industrial ecosystem. In 2021, MITI and MIDA proactively completed four major TIMs to the Republic of Korea and Japan, Saudi Arabia and UAE, Qatar, Austria and Turkey, and Germany, France and the United Kingdom to secure up to RM50.2 billion worth of investments.

A total of 254 projects have been approved and implemented in 2021 with realised investments worth RM160.8 billion, making up more than 80 per cent of the approved investments in the manufacturing sector. Of the total manufacturing projects approved for the last five years, realised investments amounted to RM383.2 billion.

In efforts to help expedite vaccination for the workforce in critical manufacturing sectors, MITI, in collaboration with the Ministry of Health, has initiated the COVID-19 Public-Private Partnership (PIKAS) Industrial Immunisation Programme.

Additionally, despite the ongoing international border closures and strict governmental standard operating procedures (SOPs) in place worldwide to contain the spread of COVID-19, MIDA continues to be responsive in providing advice and support to existing and potential investors through 20 overseas and 12 regional offices. The team has been at the forefront to attract investments through innovative and aggressive investment promotion activities. In ensuring ease of movement for business travellers, MIDA has also established a One-Stop-Centre (OSC) to evaluate eligible short-term business travellers’ applications to enter Malaysia for trade and investment purposes while adhering to strict SOPs. Combined with Malaysia’s National Vaccination Programme, the OSC has played an important role in Malaysia’s value proposition and ensuring a frictionless and productive flow of people, ideas and investment.

To increase the ease of doing business for investors in Malaysia, MIDA implemented the PACU@MIDA or the Project Acceleration and Coordination Unit to provide end-to-end facilitation for all projects approved to enable the timely implementation of investments in the country.

Staying ahead with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, MIDA has revamped its investment promotion and facilitation processes to strengthen and prime the nation’s digital ecosystem for the future, ensuring the country remains competitive on the path of recovery post-COVID.

These initiatives include InvestMalaysia portal – a single gateway portal to access applications that include e-Manufacturing Licence (e-ML), e-Incentive and JPC Online Application, company profiles and promotional events. Such facilities will provide users with approvals for manufacturing licenses, incentives and exemption of customs duties to expedite the execution of projects.

In collaboration with the Malaysia Digital Economy Corporation (MDEC), MIDA has established the Digital Investment Office (DIO), a full-fledged digital platform to coordinate and facilitate digital investments in Malaysia. The DIO’s establishments raised awareness on digital investments in the country. They streamlined the coordination among all Investment Promotion Agencies (IPAs) in promoting and attracting new investments in this fast-evolving segment. The role of DIO is consistent with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision (SPV) 2030.

The MIDA Assessment Development Centre (MADC) is a collaboration initiative known as HyTalentProgramme, a synergised effort between three premier local universities that offers up-skilling and reskilling programmes to local graduates and talented individuals to make them career and industry-ready.

Additionally, MITI has appointed MIDA as the Implementation Agency to offer the Industry4WRD Intervention Fund, a financial support facility for Malaysian SMEs in the manufacturing and related services sectors to embrace Industry 4.0. This Fund is eligible for all SMEs which have completed the government-funded Industry4WRD Readiness Assessment (R.A.) programme.

MIDA Boosting Malaysia’s Economic Dynamism

As of December 2021, MIDA has identified 352 high-profile foreign investment projects, including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM39.2 billion within the agency’s purview. These include aerospace, electric vehicles, machinery and equipment, I.C. design, advanced electronics, advanced materials, fine chemicals, renewable energy (such as photovoltaic, optics and photonics), display technology, petrochemical, pharmaceutical, medical devices and food security. These projects will create more than 19,000 new job opportunities for the rakyat.

While 2021 presented unique economic challenges, Malaysia remains steadfast in its fundamentals as the pre-eminent preferred investment destination in the region and set to catapult the nation to stage its most robust recovery post-pandemic. As we forge ahead in the new year on the path of economic revitalisation supported by ongoing policy reforms, effective deployment of vaccination programmes and accelerated digitalisation, the government remains committed to prioritising the needs of our people and businesses.

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About MIDA

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

For media enquiries please contact:
Ms. Fatmah Ahmad
Director, Corporate Communications Division
DL: +603-2267 2428 | Email: [email protected]

Malaysia’s Economy Continues To Soar To Greater Heights

Kuala Lumpur, 29 March 2021 – The Malaysian Investment Development Authority (MIDA)’s digital transformation initiative or better known as InvestMalaysia Portal, an online application submission portal, is now open to public.

“As Malaysia is adapting to this new normal, MIDA’s role is more crucial than ever to help businesses thrive and create a better future for our country. The launching of InvestMalaysia Portal will help us meet investors’ expectations through optimised process automation and seamless data capturing and analysis,” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI).

“We can expect a more efficient evaluation, an automated approval process and easier information sharing at a single entry point. We will also get live investment updates, real-time visibility of investment projects, undertake more informed decision-making, and real-time reporting. In short, this centralised Data Warehouse will allow us to make faster and more accurate analysis through automated dashboards. This initiative will enable us to enhance KPI monitoring functions in meeting the Client Charter,” added the Senior Minister.

Operational since 26 March 2021, the portal focuses to transform MIDA’s core business functions towards improved efficiency and productivity by embracing an integrated technology system to expedite the application and approval process and further allow companies to speed-up project implementation.

As to date, the digital platform offers 10 modules for online application submission and serves as a single entry point for the stakeholders via investmalaysia.mida.gov.my microsite. Among the modules available include the enhanced Manufacturing Licence (e-ML), Exemption Letter from ML, Enhanced Incentive (e-Incentive), Expatriate Posts and Representative Office/Regional Office (RE/RO), Import Duty/Sales Tax Exemption (JPC) and MIDA Confirmation Letter (SPM) as well as Domestic Sales.

To continuously improve and ensure the systems perform at optimum levels, MIDA has set up a dedicated Customer Service Unit known as CSU. The CSU unit comprises a verification team to receive clients’ applications and a specialised team with the investment-related experience to answer customers’ enquiries related to applications, facilitation and project implementations. The establishment of CSU is anticipated to improve the user confidence in the system and provide a better experience to the companies, internal users as well as external agencies.

The InvestMalaysia Portal is a commendable effort in MIDA’s automation journey to cater to the broad spectrum of audience. Through the implementation of an end-to-end automation application process, MIDA aims to aspire shorter processing time-line, improve client charter commitment for investors and complete the digital transformation goal in supporting the industry’s current and future needs.

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About MIDA

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

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

MIDA Embarks on a Digital Transformation Initiative to Re-Engineer its Business Processes and Functions: MIDA’s InvestMalaysia Portal Goes Live

“Welcoming Investors, Keeping You Safe”

Kuala Lumpur, 23 March 2021 – Malaysia is welcoming business travellers to Malaysia while keeping everyone safe by introducing a Business Travellers Centre (BTC) at the Kuala Lumpur International Airport (KLIA). The BTC, launched today by the Senior Minister and Minister of International Trade and Industry YB Dato’ Seri Mohamed Azmin Ali, functions to facilitate the entry of foreign business travellers into Malaysia.

Located at Gate C36, Satellite Terminal, KLIA the BTC is now open for short term foreign business travellers planning to carry out their business tasks in the country. The launching of the BTC today also marks a major milestone of the Government’s unwavering mission to revive the economy and to pave the way for economic rebound in 2021.

According to Dato’ Seri Mohamed Azmin Ali, despite the challenges posed by the COVID-19 pandemic, this year will be a promising year for the Malaysian economy as the Government is committed to easing business operations for both local and foreign businesses alike.

“Malaysia has pro-business and pragmatic policies that support the investment climate in the country. Our supportive business ecosystem is in fact a catalyst to attract investors not only to conduct new business activities, but to also expand and diversify their existing operations here. The BTC is reflective of our responsiveness to the current situation and in finding progressive solutions to ensure we can achieve a balance in protecting lives and livelihoods,” said the Senior Minister.

The BTC is one of the key components of the One Stop Centre (OSC) initiative by the Malaysian Government to ease the movement of Business Travellers – from entry to exit point. The Centre assumes a vital role in ensuring that Malaysia remains an attractive investment destination for foreign businesses.

It provides a seamless support system for short term Business Travellers by providing fast-track services such as below:

i. after disembarkation from the plane to taking the RT-PCR swab test at the dedicated COVID-19 Lab within the BTC, which results can be produced within 3 hours;

ii. after having declared healthy, the business travellers will proceed to the immigration green lane; and

iii. the Government will appoint a liaison officer for the business travellers with a specific business itinerary.

Short Term Business Travellers are business travellers who do not hold any dedicated entry passes and intend to stay in the country for 14 days or less, subject to the approval of the OSC committee and a strict set of Standard Operating Procedures.

To date, the OSC Committee has approved 93 applications for Short Term Business Travellers. The Short Term Business Travellers whose applications were approved are from investing companies with total investments valued at RM15 billion.

Moving forward, the Malaysian Investment Development Authority (MIDA) – an agency under Ministry of International Trade and Industry (MITI) – has identified RM82 billion worth of investments in potential leads and another RM65.9 billion in the pipeline. In realising these potential investments, services by the OSC such as the BTC are critical. The BTC is a collaborative effort between MITI, MIDA, Ministry of Health (MOH), Department of Immigration Malaysia, Malaysia Airports Holdings Berhad (MAHB), and Malaysia Airlines Berhad (MAB).

For more information, please contact the OSC Secretariat at [email protected].

OSC Secretariat (Industry Talent Management and Expatriate Division)
Malaysian Investment Development Authority (MIDA)
Level 20, MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Phone: +603-2267 3633/3431

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About MIDA

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

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Malaysia Introduces a Business Travellers Centre (BTC) at KLIA to Ease Entry of World Business Travellers

KUALA LUMPUR, 16 March 2021 – A Memorandum of Understanding (MOU) was inked between the Malaysian Investment Development Authority (MIDA) and UMW Corporation Sdn. Bhd., a wholly-owned subsidiary of the UMW Group, to further drive high-value quality investments into the country.

The two parties will capitalise on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy. These include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development as well as industrial land development. The MOU will be a stepping stone to accelerate innovative and high-value industry stakeholders, including the UMW Group, to seize opportunities arising from the technology revolution in the new norm.

The MOU was signed by Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA and Dato’ Ahmad Fuaad Kenali, President and Group CEO of UMW Holdings Berhad, at MIDA Headquarters today.

Dato’ Azman reiterated, “As a vibrant industrialising and services-oriented nation, Malaysia has geared into the next level of development as our economy becomes more diversified to cater to new growth areas. Malaysia’s investment landscape will likely remain challenging in the backdrop of the pandemic, and this timely collaboration with UMW will facilitate our nation’s industrial ecosystem with the much needed infrastructure and new technologies. MIDA trusts that through UMW’s vast industry expertise and network, our local players and technology providers could benefit in the global supply chain network.”

“This partnership will also boost the Government’s on-going efforts to position Malaysia as the pre-eminent preferred investment destination in the region. Support for businesses includes the competitive tax incentives to spur investment activity under the National Economic Recovery Plan (PENJANA) stimulus package; dedicated Project Acceleration and Coordination Unit (PACU) unit to facilitate towards successful implementation of approved projects; as well as the timely One Stop Centre (OSC) initiative to enable business travellers to travel to and continue their work in Malaysia during this pandemic,” added Dato’ Azman.

Dato’ Ahmad Fuaad Kenali expressed, “The UMW Group is embarking on a transformation journey to strengthen our businesses through innovation and technology as key enablers to meet the challenges of the evolving business environment. We are constantly exploring and evaluating relevant opportunities to expand and grow our businesses to meet the anticipated future demand. The collaboration with MIDA will allow both parties to leverage on each other’s strengths to provide capacity building opportunities to attract high-quality investments into Malaysia.”

He further added that a strong collaboration between government agencies and private sectors is paramount in positioning Malaysia as an attractive investment destinatio

In 2020, Malaysia recorded RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors. These investments are expected to create 114,673 new jobs once implemented. MIDA has also identified high-profile foreign investment projects, including Fortune 500 companies in the manufacturing and services sectors, as negotiations are on-going with companies from various sectors such as automotive, chemical, and advanced electronics to make Malaysia their high-value manufacturing, services and global supply chain hub.

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About MIDA

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

About UMW

The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in three core business segments – Automotive, Equipment and Manufacturing & Engineering. The Group operates in 8 countries and has over 6,700 employees.

Moving forward, UMW strives to play a leading role in shaping the future of its industries. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.

For media enquiries, please contact:

Manjit Kaur Balkar Singh (Ms)
Phone : +603 2267 3509
Email : [email protected]

S Vikneshwaran (Mr)
Phone : +6019 850 5799
Email : [email protected]

MIDA and UMW Enter Into Strategic Partnership to Support Quality Investments in Malaysia