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Taiyo Yuden Announces Expansion Of Multilayer Ceramic Capacitors Production In Sarawak

TAIYO YUDEN ANNOUNCES EXPANSION OF MULTILAYER CERAMIC CAPACITORS PRODUCTION IN SARAWAK

Construction project by Taiyo Yuden valued at RM680 million commences in September 2021  

Kuala Lumpur, 21 September 2021 – Taiyo Yuden Co. Ltd., listed on the Tokyo Stock Exchange, announced today that one of its subsidiaries, Taiyo Yuden (Sarawak) Sdn Bhd, is expanding its multilayer ceramic capacitors manufacturing facility in Kuching as a strategic move to increase its production capacity in the ASEAN region. This marks another milestone for Malaysia as the preferred hub for global manufacturers and an ASEAN gateway.

The expansion of Taiyo Yuden’s facility in Sarawak was discussed during the Trade and Investment Mission (TIM) to Tokyo in April 2021 led by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry.

“Taiyo Yuden’s decision to inject RM680 million capital investments for their new facility reflects booming investors’ confidence in our ecosystem’s readiness to support global production. This achievement demonstrates the success of the Government’s aggressive and effective strategies to welcome and facilitate high-quality FDIs. MIDA has been working closely with Taiyo Yuden in ensuring the smooth implementation of their expansion project that will generate an additional 2,000 job opportunities,” said Dato’ Seri Azmin.

Mr. Shinji Masuyama, Director and Executive Vice President of Taiyo Yuden said, “The construction of this new plant is an important investment agenda under the Group’s Medium-term Management Plan 2025. More than ever, we will strive continuously to develop as a business enterprise that is trustworthy to all the stakeholders, including our customers, local communities in Malaysia, and employees.”

Taiyo Yuden (Sarawak) is a production site for multilayer ceramic capacitors, which are essential components for the creation of miniature and high-performance electronic devices. Since 1994, the company has employed 4,600 personnel in their manufacturing plant.

The company foresees a higher demand for multilayer ceramic capacitors in the future due to the advancement of technologies in automobiles, electrical and electronics, 5G smartphones and communications infrastructure. 

The Kuching facility spanning over 36,500 square meters, is expected to be in operation by March 2023. It will include the usage of high-tech equipment with state-of-the-art features, support high-energy conservation and incorporate solar-powered roof, in line with ESG Goals. This bodes well with the National Investment Aspirations (NIA) crucial in revitalising Malaysia’s investment climate, attract high-quality investments and create high-income jobs.

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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 TAIYO YUDEN

Since Taiyo Yuden’s inception, we have achieved growth by undertaking the research, development, manufacture and sales of various types of electronic components. Our product lineup includes capacitors, as well as inductors and Film Bulk Acoustic Resonator (FBAR)/Surface Acoustic Wave (SAW) devices. The source of our strength comes from the undertaking of development starting from material development to product commercialisation. This approach enables us to continually provide products that respond closely to our customer needs in the markets we serve. We currently offer products used in such electronic devices, as smartphones and tablets. We also offer a wide range of fields such as automobile and IT infrastructure/industrial equipment, where the application of IT and electronics is accelerating. For more information, please visit https://www.yuden.co.jp/ap/ .

For media enquiries, please contact: 

Manjit Kaur Balkar Singh (Ms)

Email: [email protected] | DL: +603-2267 3509

Taiyo Yuden Announces Expansion Of Multilayer Ceramic Capacitors Production In Sarawak


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Kuala Lumpur, 15 September 2021 – The Malaysian Investment Development Authority (MIDA) and the Malaysia Semiconductor Industry Association (MSIA) hosted a webinar today on ‘Seizing the Next Wave of E&E Investment into Malaysia’. The webinar, which was broadcasted online, successfully attracted more than 350 participants, represented by manufacturers, service providers and potential investors.

Dato’ Seri Wong Siew Hai, President of MSIA welcomed the attendees and iterated that the webinar was important to emphasise that Malaysia is open-for-business, with continued and sustained discussions between the Government and electrical and electronics (E&E) companies to improve the ease of doing business in the country. This is part of the efforts to make Malaysia more competitive in the E&E sector and move up the global value chain.

Presently, Malaysia stands as a crucial global hub in the semiconductor global supply chain, with approximately seven (7) per cent of the total global semiconductor trade flowing through the nation. In 2020, the E&E exports recorded RM386 billion, accounting for 39.4 per cent of Malaysia’s total exports.

Mr. Arham Abdul Rahman, the Chief Executive Officer (CEO) of MIDA, in his Keynote Address highlighted the need for Malaysia to be in the forefront in seizing opportunities in the E&E, particularly the semiconductor segment. This is especially important as more global companies are seeking to capitalise on Malaysia to develop new technologies, venture into additional products and ramp up production capacities to meet the growing needs and demands of the industry.

“Malaysia welcomes investments of complex and high value-added products, intensification of R&D activities, adoption of digitalisation and new technologies. Malaysian companies are encouraged to participate in the greater E&E value chain, especially in closing the ecosystem gaps, such as in IC design, advanced IC packaging, engineering and testing services, as well as Electronic Manufacturing Services (EMS),” said Mr. Arham.

“Towards this, various stimulus packages, namely PENJANA were introduced to continue supporting new and existing industry players and promoting the development of industries in Malaysia. These massive allocations are necessary to help businesses and industries to retain workers, meet market demands and remain operational beyond the current economic climate. We are optimistic that these measures will solidify Malaysia’s position as a competitive and profitable investment destination in line with our National Investment Aspirations (NIA). In this regard, industry players are strongly urged to take the full advantage of all the packages available, particularly those offered through MIDA to facilitate investments and businesses.”

The webinar featured an expert forum between Mr. Arham; Mr. Gursharan Singh, Senior Vice President for Global Assembly and Test of Micron Technology; Mr. Ng Kok Tiong, Senior Vice President and Managing Director of Infineon Technologies Kulim Sdn. Bhd.; and Mr. Yogannaidu Sivanchalam, Country Managing Director of Texas Instruments Malaysia Sdn. Bhd. The panel was moderated by Dato’ P’ng Soo Hong, Vice President and Managing Director of Manufacturing Operations at First Solar Malaysia Sdn. Bhd.

Mr. Yogannaidu from Texas Instruments Malaysia remarked, “Given the long-term trend of semiconductors growth in electronics, and the fact that manufacturing is the main engine of Malaysia’s economic growth, the Government and industry players must seize this opportunity by improving Malaysia’s attractiveness as a global E&E investment destination.” Over its nearly 50-year history in Malaysia, Texas Instruments Malaysia has created thousands of jobs, including hiring graduates from local universities.

Drawing from Infineon’s 47 years in Malaysia, with activities comprising of wafer fabrication, assembly, test and R&D facilities, Mr. Ng Kok Tiong shared, “Malaysia has cost advantages and supportive economic environment, which continue to be very attractive for Infineon to expand its existing operations and R&D capabilities in new technologies. We are confident that our long-term presence will continue to position Malaysia in enhancing its global semiconductors supply chain hub.”

Mr. Gursharan Singh elaborated on Micron’s steady growth in Malaysia since 2018, “In the last decade, Malaysia has become critical to our global manufacturing footprint. Despite the pandemic, we have successfully established two facilities in two years in Seberang Perai (2019) and Batu Kawan (2020), Penang. With 99 per cent of our workforce recruited locally, Micron will continue to generate employment with our continued growth, and deeply engage in the communities where we operate.” Currently, with close to 4,000 team members, Micron, the global leader in memory and storage, plans to generate another 2,000 jobs over the next three (3) to four (4) years in Malaysia.

Companies interested to leverage Malaysia to establish their E&E operations may engage with MIDA’s E&E Division through www.mida.gov.my.

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About MIDA

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

About MSIA

Malaysia Semiconductor Industry Association (MSIA) is an industry association which cover individuals and companies incorporated in Malaysia who are involved directly or related to Semiconductor Industry (Electronics and Systems), Semiconductor Industry supply chain, institutions providing significant related services to semiconductor industry such as engineering, finance, legal and those societies, associations, chambers and government – linked agencies. For more information, please visit http://www.msia.org.my.

For enquiries, please contact:

Azlina Hamdan (Ms.)
Email: [email protected] | DL: +603-2267 3791

Nur Aliah Manshor (Ms.)
Email: [email protected] | DL: +019-2844759

Malaysia Remains an Attractive Location For Semiconductor And E&E Companies


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MITI and MIDA Committed to Ensuring Success of National Investment Aspirations and Robust and Sustainable Economic Recovery

Malaysia achieved robust and impressive performance for the first half of 2021 with foreign direct investments (FDI) soaring by 223.1 per cent compared to 1H 2020, signaling the confidence of foreign investors in the country’s stable and conducive economic climate and business ecosystem. This augurs well for Malaysia’s path to vibrant and sustainable economic recovery.

The stellar performance also demonstrates that Malaysia’s strategy of positioning the country as an attractive investment destination of choice and a supply chain hub in ASEAN, particularly for manufacturing operations, is showing positive results. FDI drove the strong and vibrant performance of the manufacturing sector during the period, registering RM58.2 billion in approved investments. The remaining RM8.7 billion approved investments in this sector were from domestic sources.

In terms of total approved investments, Malaysia recorded RM107.5 billion of FDI and domestic direct investments (DDI) in the manufacturing, services and primary sectors, chalking up a massive jump of 69.8 per cent compared to the same period last year. Achieved amidst a very challenging global economic landscape, the investments involved 2,110 projects and are expected to generate 44,994 job opportunities in the country.

Leveraging on the positive progress on the National Recovery Plan (NRP), improvement in the overall public health situation, and gradual reopening of economic sectors, Malaysia continues to attract high-value and high-tech investments, bolstered by our capacity and capability in providing high-skilled talents and firm readiness in adopting advanced technology for value-added industries.

In tandem with our National Investment Aspirations (NIA), Malaysia consistently pursues more capital-intensive projects and those that support the development agenda of the nation, consistent with Environmental, Social and Governance (ESG) goals. This is reflected by the increasing number of capital-intensive projects approved by MIDA.
Simultaneously, there is an emphasis on creating jobs across a wide spectrum of skills for the rakyat. In this regard, the 367 manufacturing projects worth RM66.9 billion approved during the first half of 2021, will create 32,220 job opportunities in various positions and roles, leading on the path for high-value and skilled employment.

The workforce required for the approved investments include 1,367 managerial positions and 4,031 technical professionals such as engineers in the field of E&E, mechanical, chemical and other disciplines, reflecting the higher value chain transition of the manufacturing sector. The approved manufacturing projects will also require 4,144 skilled craftsmen. Meanwhile, domestic investments, leading in the services and primary sectors, totaled RM45.0 billion or 41.9% of the total approved investments.

Notable projects approved in 1H 2021 include Republic of Korea’s SK Nexilis project for a new copper foil manufacturing plant, Risen Energy’s proposed project to produce bi-facial technology solar products, and
OCIM’s proposed investment to expand the capacity of its solar grade polysilicon plant. These projects will not only further enhance Malaysia’s industry ecosystem but boost employment opportunities in the field of high-tech skills as well as enable local businesses to leverage on the global value chain.

Going forward, from the strategic vantage point of the NIA, we will continue to pursue high quality investments to bring value to the nation and people, not just in preserving jobs but in creating new high value-added employment. We are committed towards positioning Malaysia as the ideal partner for investors in the region, enhancing our economic complexity and propelling long term growth for Malaysia through the flow of sustainable quality investments in new and complex growth areas.

With the trajectory of Malaysia’s strong economic fundamentals, positive factors underpinning growth prospect as well as expected stronger external demand for our products, the Government is fully committed to ensuring robust and sustainable recovery, equitable economic growth and shared prosperity for Malaysia.

Dato’ Seri Mohamed Azmin Ali
Senior Minister
Minister of International Trade and Industry
13 September 2021

APPENDIX

Approved Investments in Malaysia Increased by more than 69 %, to Record RM107.5 Billion in the First Half of 2021

During the first half of 2021, Malaysia attracted a total of RM107.5 billion of foreign investments (FDI) and expanded domestic investments (DDI) approved in the manufacturing, services and primary sectors, representing an increase of 69.8 per cent compared to the same period of last year. The approved investments involved 2,110 projects and are
expected to generate 44,994 job opportunities in the country.

More than 58.1 per cent of the approved investments were from foreign sources, valued at RM62.5 billion. Singapore, Republic of Korea and the Netherlands were the top three foreign investment sources accounting for nearly 90 per cent or RM54.9 billion of the total approved FDI in the country.

Meanwhile, domestic investments totaled RM45.0 billion or 41.9% of the total approved investments. While FDI dominated the manufacturing sector, investments from Malaysian companies led in the services and primary sectors.

Five states – Kedah, Selangor, W.P. Kuala Lumpur, Sarawak and Johor – contributed RM85.0 billion (79.0%) to the total approved investments with a potential to create 31,395 jobs.

Manufacturing Sector

The manufacturing sector accounted for the largest share of the total investments in 1H 2021, amounting to RM66.9 billion (62.2%), followed by the services sector with RM34.1 billion (31.7%) and the primary sector with RM6.5 billion (6.1%).

A total of 367 manufacturing projects worth RM66.9 billion were approved in first six months of 2021, compared to RM36.4 billion in the same period last year. In terms of top-performing industries in 1H 2021, the electrical 5 and electronics (E&E) (RM47.1 billion), fabricated metal products (RM5.1 billion), chemicals and chemical products (RM3.8 billion), food manufacturing (RM3.7 billion) and rubber products (RM3.6 billion) made up 94.6 per cent of total approved investments for this sector.

The workforce required for the approved investments include 1,367 managerial positions and 4,031 technical professionals such as engineers in the field of E&E, mechanical, chemical and other disciplines, reflecting the higher value chain transition of the manufacturing sector. The approved manufacturing projects will also require 4,144 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders. The capital investment per employee (CIPE) ratio of the projects approved in 1H 2021
increased to RM2,077,245 from RM1,333,559 during the same period last year.

FDI drove the robust performance of the manufacturing sector during the period, registering RM58.2 billion in approved investments, soaring by 223.1 per cent compared to 1H 2020. The remaining RM8.7 billion approved investments in the sector were from domestic sources.

Notable projects approved in 1H 2021 include Republic of Korea’s SK Nexilis project for a new copper foil manufacturing plant, Risen Energy’s proposed project to produce bi-facial technology solar products in Malaysia, and OCIM’s proposed investment to expand the capacity of its solar grade polysilicon plant in Samalaju, Sarawak.

Services Sector

A total of 1,717 services projects were approved in 1H 2021. These projects are expected to create more than 12,400 job opportunities. The total investments approved in the services sector recorded an increase of nearly 30 per cent from the approvals recorded for the same period in 2020.

Domestic investments made up the larger portion, recording RM31.9 billion or 93.6 per cent of the total approved investments while the remainder, RM2.2 billion were from foreign sources.

The real estate sub-sector remains the largest contributor with RM14.9 billion, recording a 20.6 per cent increase from the corresponding period last year. Following the easing of restrictions on economic activities, the global establishments, support services, transport services, distributive trade, hotel and tourism, financial services and education services subsectors have also recorded increases during the period.

Primary Sector

The primary sector contributed RM6.5 billion or 6.1 per cent to the total approved projects in the first half of 2021. The mining subsector continued to lead with approved investments of RM6.4 billion, followed by plantation and commodities with RM79.8 million and agriculture with RM11.5 million. These investments are expected to create 278 job opportunities.

Investments from domestic sources took the lead in the sector with a total amount of RM4.4 billion or 66.9 per cent, while foreign investments contributed RM2.1 billion or 33.1 per cent.

Massive Jump in Approved Investments in Malaysia Signals Confidence of Investors


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Kuala Lumpur, 8 Sept 2021 – The Malaysian Investment Development Authority (MIDA) and Citibank Berhad (Citi Malaysia) today inked a Memorandum of Understanding (MOU) for a partnership to extend a financial platform and a seamless provision of end-to-end banking services by Citi Malaysia to new and existing foreign investors in Malaysia.

The MOU was signed virtually by MIDA Chief Executive Officer, Mr. Arham Abdul Rahman and Citi Malaysia Chief Executive Officer, Mr. Usman Ahmed.  The ceremony was also attended by Citi Malaysia’s Head of Corporate Banking, Ms. Zuliana Tann, Head of Global Subsidiaries Group, Mr. Biplab Banerjee and Head of Treasury and Trade Solutions, Mr. Abdul Jalil Jalaludin; as well as MIDA’s Deputy Chief Executive Officer, Mr. Sivasuriyamoorthy Sundara Raja, and Director of Foreign Investment Promotion, Mr. Faizal Jalaludin.

Mr. Arham Abdul Rahman, CEO of MIDA, appreciated the collaboration to stimulate active business environment in the current economic recovery.  He added, “In response to the changing global business landscape, Malaysia is adopting bold and impactful initiatives to encourage existing as well as new investors and industry players to induce new investments into the country. The MOU with Citi Malaysia signifies MIDA’s continuous commitment in pursuing high technology and high value-added investment projects according to the National Investment Aspiration (NIA) framework and goals of the 12th Malaysia Plan in driving further economic growth. I trust this partnership will also boost the Government’s on-going efforts to position Malaysia as the pre-eminent preferred investment destination in the region”.

Citi Malaysia Chief Executive Officer, Mr. Usman Ahmed remarked, “Citi Malaysia is very pleased to partner with MIDA as we expand our institutional business in Malaysia and continue to present Malaysia as an attractive investment destination to our clients across the globe. Despite the challenges posed by the Covid-19 pandemic, we have witnessed significant growth in flows across key investment corridors as Malaysia continues to stand out as an important and competitive investment destination. Our Global Subsidiaries and Commercial Banking businesses have been at the forefront in facilitating these flows and the collaboration with MIDA will help both organisations to complement each other’s efforts.”

“We thank MIDA for this opportunity to work together to promote FDI and trade flows. As the world’s most global bank, Citi has a presence in 96 countries and does business in over 160 countries and through this MoU we look forward to harnessing the full potential of our network, world-class products and digital banking capabilities to further deepen our commitment to the country.” he added.

Citi Malaysia’s multinational clients operate in various industries spanning across the high-technology manufacturing, industrials, energy (including renewables), consumer, health care, services as well as hardware and software technology sectors.

Citi Malaysia is also one of the largest market makers for Malaysian Government Securities and is among the top foreign banks in Malaysia for Corporate Foreign Exchange, cross border cash management and institutional investor transactions.

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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 Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi |

YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

Media Contact:

MIDA:
Manjit Kaur Balkar Singh (Ms)

Email: [email protected] | Tel.: +603 2267 3509

Citi Malaysia:
Sara Yasmine Mohamed

Email: [email protected] | Tel.: +6012 2160022

MIDA Inks MOU with Citi Malaysia on Business Financial Facilitation


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KUALA LUMPUR, 8 September 2021 – K-One MediTech Sdn Bhd (K-One MediTech), a wholly-owned subsidiary of K-One Technology Bhd (K-One), is set to develop and manufacture the NASA Jet Propulsion Laboratory (NASA-JPL) licensed ventilators in Malaysia, in a bold determination to meet increasing demands and the changing global landscape of medical devices industry. The company’s research and manufacturing of enhanced models of ventilators will cater to a wider scope of applications for acute respiratory diseases, with add-on smart features such as Internet of Things (IoT), as well as value-add attributes to technological developments of medical devices industry.

Having secured the license to manufacture ventilators developed by NASA-JPL, K-One MediTech has also been awarded a matching grant by the Malaysian Investment Development Authority (MIDA). With MIDA’s facilitation, K-One plans for future development and manufacture of ventilators, perhaps under its own brand. The grant will also support to obtain international markings, such as the Food and Drug Administration (FDA) and the European CE approvals in meeting the American and European standards, which reflects as the gold standard certifications.

Mr. Arham Abdul Rahman, Chief Executive Officer of MIDA expressed, “K-One’s achievement in being the only Malaysian company licensed to produce NASA-JPL’s ventilators, represents a huge leap of the local technological capability towards the production of more complex and high technology medical devices to meet the global demands. Given the escalating demands for ventilators worldwide in managing the Covid-19 pandemic, it is certainly an admirable feat for the company to commit and produce affordable ventilators, making them more accessible, in the fight against Covid-19. With the growing presence of MNCs in Malaysia, domestic manufacturers in the medical device supply chain are also being recognised globally”.

Dato’ Martin Lim Soon Seng, Chief Executive Officer (CEO) of K-One, acknowledged, “We are honoured to be selected and awarded the grant in this challenging recovery period. We believe that the demand for ventilators is always there, even though the Covid-19 pandemic has boosted its requirements.”

He added that the Government support will catalyse and accelerate K-One’s efforts in achieving its aspirations to produce a novel Made in Malaysia ventilator of international standards. The Government’s strong backing will not only nurture the local companies to develop indigenous technology, but also facilitate in uplifting local talents, enhancing supply chain competencies and foreign exchange earnings via export growth.

K-One MediTech expects to benefit commercially from the enhanced ventilators production, while contributing to the domestic and global supply chains. The country should also aim to be self-reliant in ventilator supply through domestic production capacity, crucial in times of crisis. The development and manufacturing processes may also nurture specialised local technical expertise through collaborations with local universities and/or university hospitals, including trainings on specific medical protocols by medical device specialists.

The Government’s continuous commitment to attract high technology investment is reflected through a significant growth of the Malaysia’s medical devices industry over the last few years.  In 2020, the industry has contributed a total of RM6.1 billion worth of investments through 51 projects approved by MIDA. Today, Malaysia comprises over 200 manufacturers producing a broad range of products and equipment for medical, surgical, dental, optical and general health purposes. This has certainly made Malaysia an ideal investment destination, particularly as an outsourcing destination and a medical device manufacturing hub in ASEAN.

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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 K-One

K-One Technology Bhd, with subsidiary, K-One MediTech Sdn Bhd and other subsidiaries (jointly referred to as K-One), is a technology solutions provider driven by electronic manufacturing services (EMS) with focus on healthcare, own brand medical devices and cloud computing solutions. 

Media contacts:

MIDA:

Manjit Kaur Balkar Singh (Ms)

Email: [email protected] | Tel.: +603 2267 3509

K-One:

Choi Keng Mun

Email: [email protected] | Tel.: + 603 7728 1111

K-One Embarks on Ventilator Production, The First in Malaysia


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KUALA LUMPUR, 6 September 2021 – The Malaysian Investment Development Authority (MIDA) inks a Memorandum of Understanding (MoU) with SIRIM Tech Venture Sdn Bhd (STV) to enhance technology adaption within the domestic investment landscape in Malaysia. The virtual signing between Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA and Mr. Ajmain Kasim Chief Executive Officer of SIRIM Tech Venture is seen as a significant milestone in the Government’s efforts to encourage industry players particularly domestic players and SMEs to step up into new technology and move towards implementing Industry 4WRD initiatives in their business processes.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA expressed in his opening remarks, “We welcome SIRIM Tech Venture (or STV), a wholly owned commercialisation arm of SIRIM, to work closely with MIDA’s Domestic Investment Coordination Platform (DICP) in identifying and matching companies to adopt new production solutions. As we can attest to, the COVID-19 pandemic has invoked unprecedented disruptions and transformed the global economy landscape into the new norms, where companies need to re-evaluate their business models, embark on Industry 4.0 transformation and digitalisation to remain relevant in the market”.

“With huge presence of foreign investment projects in Malaysia, it is significantly important for the domestic industry players to be tech savvy in contributing within the supply chain network and meet the expectations of their clients. STV is ready to provide technology transfer training, technology consultation and evaluation services by Certified STV analysts to industry players including domestic companies to adopt new models, higher level of efficiency and productivity”, Mr. Arham added.

MIDA’s DICP team has so far, successfully linked three local companies to STV to initiate:

  • Technical collaboration of a Virtual Pipeline System (VPS) in energy gas distribution for a bio-energy hub to monetise agricultural and industrial waste; while conducting pilot tests on the production of Bio Natural Gas (BioNG) from existing biogas power plants;
  • Orchard Management and Integrated Tracking System for durian harvesting and processed products; and
  • Technical advisory on renewable energy solutions on municipal solid waste, agriculture waste and livestock waste.

The presence of technical institutions such as SIRIM will certainly boost the support for companies’ technology adoption and technology expertise to progress into global outreach. Strategic collaborations contribute to the National Investment Aspirations (NIA) that foster innovation and sophistication, encourage sustained flow of quality investments in new and complex growth areas, create greater job opportunities and improve income prospects.

MIDA hopes the MOU would pave further feats for both parties to promote Malaysia’s technical expertise and to ensure easy access for the domestic companies to technology providers in their desire for higher efficiency and new business models. As a trusted business partner to investors, MIDA continues to facilitate domestic business networks.

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About MIDA

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

For more information, please contact :

Mr. Sukri Abu Bakar
Director, Domestic Investment and Supply Chain Coordination Division
03-2267 3685 | [email protected]

MIDA Inks MOU with SIRIM Tech to Enhance Technology Adaption Among Industries in Malaysia


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Kuala Lumpur, 24 September 2020 – Malaysia recorded a total of RM64.8 billion worth of investments in the manufacturing, services and primary sectors for the first six months of 2020 despite multiple headwinds on the global front. These investments involved 1,725 projects and will create 37,110 employment opportunities in Malaysia.

Of the total investments approved, domestic direct investments (DDI) accounted for 69.8 per cent, or RM45.3 billion, while foreign direct investments (FDI) made up the rest of RM19.5 billion.

Singapore (RM4.9 billion), Switzerland (RM2.8 billion), China (RM2.2 billion), the United States of America (RM2.2 billion) and Thailand (RM1.8 billion) were the top five sources of FDI for the manufacturing, services and primary sectors during the period.

For approved projects by state, the five major states namely Sabah, Selangor, Pulau Pinang, W.P. Kuala Lumpur and Johor contributed RM47.1 billion (72.6 per cent) to the total approved investments for January to June 2020.

The manufacturing sector attracted the largest portion of approved investments for the first half of 2020, contributing more than half (55.1 per cent) or RM35.7 billion, followed by the services sector with investments of 44.2 per cent or RM28.6 billion, and the primary sector with approved investments of 0.7 per cent or RM0.5 billion.

Manufaturing Sector

For the first six months of 2020, the manufacturing sector attracted the largest portion of approved investments, contributing RM35.7 billion; only a 3.0 per cent decrease from the corresponding period last year.

The Government, through the Malaysian Investment Development Authority (MIDA), has been leading efforts to secure sustainable investments, from both domestic and foreign sources, that will strengthen the business ecosystem in Malaysia.

The total investments approved in the manufacturing sector were mainly in petroleum products including petrochemicals (RM13.6 billion), machinery and equipment (M&E) (RM5.2 billion), electrical and electronics (E&E) products (RM5.0 billion), food manufacturing (RM2.1 billion), scientific and measuring equipment (RM2.0 billion),  transport equipment (RM1.8 billion), chemicals and chemical products (RM1.6 billion) and non-metallic minerals (RM1.0 billion). These make up 90.2 per cent of total approved investments for this sector.

With a total of 398 projects, these newly approved investments are expected to create 26,940 jobs for the country. The jobs created include managerial roles (1,925), technical and supervisory roles (4,887), craft skill professionals (3,226), machinery operators and installers (11,117) as well as sales and clerical personnel (1,881).

Malaysia continues to attract a healthy level of investments in the E&E, M&E, chemical, aerospace and medical devices. For January – June 2020, a total of 147 manufacturing projects with investments of RM13.8 billion in these five industries have been approved by MIDA. These industries, which have strong inter-linkages to other sub-sectors, are instrumental in supporting the development of the overall manufacturing sector in  Malaysia.

Compared to the corresponding period last year, DDI in the manufacturing sector registered an increase of 79.8 per cent to RM17.9 billion during this period while the value of approved FDI dropped by 33.7 per cent to RM17.8 billion.

The states that recorded the highest total approved investments in the manufacturing sector for the period are Sabah, Pulau Pinang, Johor, Selangor and Terengganu. These states collectively contributed RM29.7 billion.

Meanwhile, the leading sources of FDI for the first six months of 2020 were Singapore, Switzerland, USA, China, Thailand, Republic of Korea, Japan, Hong Kong, the Netherlands and Germany. These ten countries jointly accounted for 97.7 per cent of total FDI approved in the manufacturing sector for this period.

Interestingly, 69.3 per cent of the approved investments in the manufacturing sector were new greenfield projects, amounting to RM24.7 billion. This represents a 53.5 per cent increase in investments for new projects, compared to the corresponding period last year. An example of notable new projects approved during the first half of 2020 is Ultra Clean Holdings. The leader in developing and supplying of critical subsystems, ultra-high purity cleaning and analytical services primarily for the semiconductor industry, will be setting up its manufacturing facility Malaysia, creating more than 650 jobs over the next five years, including roles in manufacturing, engineering, research and development as well as quality management.

Services Sector

From January to June 2020, the services sectors recorded 1,316 approved projects with investments of RM28.6 billion. These approved services projects in the first six months of 2020 are expected to create 10,114 jobs to the economy.

Majority of the main services sub-sectors showed a significant decline in approved investments except for support services and MSC status projects. The top five contributors of approved investments in the services sector were real estate (RM12.2 billion), utilities (RM9.4 billion), support services (RM2.4 billion), financial services (RM1.8 billion) and telecommunications (RM1.3 billion).

The support services industry under the purview of MIDA covered sub-sectors such as integrated logistics, research and development, green technology, integrated circuit design, oil and gas services and licenced warehouse. In the first half of 2020, approved investments in the support services industry saw an increase of 18.5 per cent compared to the corresponding period in 2019 due to the surge of projects in the integrated logistics services and green technology sub-sectors that recorded increases of 172.1 per cent and

7.0 per cent, respectively. In addition to providing over 3,249 new jobs, these investments will also create spin-off benefits for other local businesses, further strengthening Malaysia’s industrial network.

Primary Sector

In January – June 2020, the primary sector attracted investments worth RM471.0 million. This sector comprises three main sub-sectors namely mining, agriculture and; plantation and commodities. All approved investments in this sector for the period is from domestic sources.

The mining sub-sector took the lead with approved investments of RM468.5 million in six projects, followed by the plantation and commodities sub-sector with investments of RM2.5 million.

Conclusion

“While foreign investments assume an essential role in the development of the country, greater emphasis is being put in place to drive domestic investments and turning more domestic companies into global players. We will continue to prioritise the acceleration of technology adoption in all segments of the economy by harnessing the potential of Industry

4.0 to boost Malaysia’s productivity and competitiveness.” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI).

“Ensuring business continuity and growth will be a priority with business activities resuming back to normal levels. The Government, through PENJANA, will continue to enable our investors to implement their projects in Malaysia efficiently and effectively by easing bureaucratic processes, especially during this time. The Project Acceleration and Coordination Unit (PACU) has been established in MIDA to facilitate the approval of businesses particularly manufacturing and related services and to ensure that the implementation of approved projects are successful within 24 months. Both foreign and local companies are urged to fully leverage on the available facilities to grow their businesses in the country,” he added.

Malaysia’s economy is set to regain its momentum going into the second half  of  the    year. However, the pandemic is far from over and the Government is closely monitoring its progress as the nation journeys towards recovery. MIDA seeks to better support investments through our continuous engagements and collaborations with private and public sectors towards broadening prosperity for the country. As of July 2020, MIDA has a total of 732 projects with proposed investments of RM35.9 billion in the pipeline for the manufacturing, services and primary sectors.

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About MITI

MITI is the key driver in making Malaysia the preferred destination for quality investments and enhancing the nation’s rising status as a globally competitive trading nation. Its objectives and roles are oriented towards ensuring Malaysia’s rapid economic development and help achieve the country’s stated goal of becoming a developed nation.

About MIDA

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

For more information, please contact: Ms. Manjit Kaur Balkar Singh

Director, Corporate Communications Division, MIDA

Tel.: 03-2267 3509 | Email: [email protected]

Malaysia’s Economy Is Regaining Its Momentum With Total Approved Investments of RM64.8 Billion in January – June 2020


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Kuala Lumpur, 15 September 2020 – The Malaysian Investment Development Authority (MIDA) kick-started the Automation Project Initiative (API) by hosting 11 participating companies and 20 system integrators at MIDA Sentral. This initiative aims to enable businesses to adopt automation and smart manufacturing technologies in their business processes and operations.

Among the companies in attendance include Continental Resource Sdn. Bhd., Ecava Sdn. Bhd., XTS Technologies Sdn. Bhd., Sky-Tag Robotics Sdn. Bhd., Vepro Group Sdn. Bhd., TXMR Sdn. Bhd., I-Stone Group Berhad, IME Group and Packaging Sales & Service (M) Sdn. Bhd.

In his welcoming remarks, Dato’ Azman Mahmud, the Chief Executive Officer of MIDA, highlighted on how automation is crucial for the sustainability of business operations. He emphasised, “Automation is not an option anymore. Automation of activities can enable businesses to improve performance, by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to increasing productivity. At a time of lackluster productivity growth, this would give a needed boost to economic growth and prosperity.”

“With machines that are now highly adaptable and reprogrammable through artificial intelligence and software; coupled with the rapid developments of Big Data, cloud computing and the Internet of Things, companies need to proactively begin their automation journey,” he added.

The event included a comprehensive presentation from MIDA regarding the various automation and Industry4WRD facilitation offered by the Government. These include the Domestic Investment Strategic Fund (DISF), Industry4WRD Intervention Fund, Automation Capital Allowance and Digital Technology Acceleration Programme (DTAP) that are in place to assist companies in their automation journey.

A total of 318 applications have been approved for the automation capital allowance as of September 2020. Companies that have leveraged on these facilities have experienced tangible benefits of automation. Based on the impact analysis of 245 projects approved as of 31 December 2019, these companies have invested more than RM430 million in automation, machinery and equipment. As a result, companies reported an average of 180 per cent improvement in production volume as well as cost savings from the reduction of over 3,600 unskilled workers.

A pitching session was also held during the event to match participating companies with relevant system integrators and factory automation players. This platform provided both parties with a valuable space to discuss attainable action plans towards achieving their business goals with automation.

“Among of the biggest misconceptions surrounding automation are the high cost of adoption and the scale of undertaking that requires the revamping of the entire production line. In reality, companies can start with simple devices to enable data collection, analytics and gradual enhancements to more sophisticated machinery and equipment that is adaptable to artificial intelligence and other Industry 4.0 technology. Today’s event is a crucial stepping stone for organisations to quantum leap their automation journeys by connecting them with fellow industry players and solution providers. MIDA will do our level best to support and facilitate these automation undertakings to success,” said Dato’ Azman.

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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.myand follow us on Twitter, Instagram and Facebook, LinkedIn and YouTube channel.

For further information, please contact: 

Mr. Jeyasigan Narayanan Nair

Director, Machinery and Metals Division 

03-2267 6711 | [email protected]

MIDA’s Automation Project Initiatives (API) Enabling More Local Companies to Adopt Automation


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Kuala Lumpur, 9 September 2020 – MEDEF International, the Embassy of Malaysia in Paris in collaboration with the Malaysian Investment Development Authority (MIDA) organised a webinar to update the French business stakeholders with Malaysia’s progress in mitigating the economic impact of COVID-19 to Malaysian industries. The webinar was held at the Ministry of International Trade and Industry (MITI) Tower, Kuala Lumpur on 4 September 2020.

YB Datuk Lim Ban Hong, Deputy Minister of International Trade and Industry (MITI) in his welcoming remarks highlighted “As a trading nation, Malaysia sees great value in engaging with our trading partners through bilateral and regional Free Trade Agreements (FTAs). Malaysia currently has signed 14 FTAs and this places Malaysia as an attractive hub for your ASEAN operations. Last year, France was Malaysia’s 18th largest global trading partner and 3rd largest trading partner among the European Union member states (including the United Kingdom). Seeing the enthusiastic turn out of this webinar, I am glad that French companies continue to have confidence in Malaysia as their preferred investment destination in this region”.

The economic ties between the two countries have flourished over the years due to solid diplomatic foundations laid by respective leaders of each country. This is evident through the increasing number of French companies investing in Malaysia. As of December 2019, a total of 126 manufacturing projects with French participation have been implemented with total investments of RM4.36 billion (USD1.31 billion), creating a total of 10,913 potential employment.

Mr. Arham Abdul Rahman, Deputy Chief Executive Officer (CEO) of MIDA added that “France is one of the important trading partners and source of investments for Malaysia. It has had a long presence in the country’s manufacturing and services sectors. Recognising the French innovative capabilities, we welcome more investments in areas of transport equipment (aerospace), ICT, pharmaceutical, scientific and measuring equipment, electrical and electronics, food, chemical and chemical products as well as machinery and equipment”.

Malaysian Ambassador to France, H.E. Dato’ Dr. Azfar Mohamad Mustafar also joined the live webinar session and delivered his remarks. The session was moderated by Mr. Philippe Gautier, CEO from MEDEF International. In addition, more than 30 participants, of whom, were mostly representatives from French companies operating in France and Southeast Asia region participated actively in the webinar.

H.E Frédéric Laplanche, French Ambassador to Malaysia added in his remarks, “It is a difficult time, globally; however Malaysia has been among the exemplary nation that has managed the pandemic well. With the travel and movement restrictions in place, the French business community is urged to remain hopeful and continue exploring new opportunities in Malaysia. Over the past few years, we have seen an increase of new French investments and expansions in the country, a spectacular trend that continues to date. Through this webinar session, it is encouraging to see Malaysia and France showcasing the same ambitions and fervor to elevate the relation of both nations further. Given Malaysia’s open trade and business-friendly policies, there are potential opportunities for business communities to tap on in this new norm.”

Moving forward, YB Datuk Lim Ban Hong welcomes the proposal by MEDEF International to ink a Memorandum of Understanding (MOU) with MIDA for future collaboration in strengthening the economic relations between France and Malaysia, and in making MIDA the single point of contact for its members to gather information pertaining to Malaysia’s economic development. As the principal investment promotion agency of the country under MITI, MIDA will continue to facilitate local and global businesses and promote Malaysia as the preferred investment destination in the region.

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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 and Facebook, LinkedIn and YouTube channel.

For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid

Director, Foreign Investment Promotion Division, MIDA

Tel.: 03-2267 6633 Email: [email protected]

Malaysia and France Looking Beyond the Pandemic to Strengthen Economic Relations Through Investment


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Moving Businesses Towards Greater Innovation, Productivity & Efficiency

KUALA LUMPUR, 25 September 2018 –“Malaysia has emerged as one of the global trendsetters in textile and apparel wear. From the streets of Paris to the catwalks of New York, Malaysian designers have had the honour of creating clothing that have been worn by celebrities, members of royalty as well as heads of states. Going forward, we want to see more entrepreneurs adopting higher value-added processes and technologies. We want to build a stronger and more comprehensive ecosystem, one that focuses on talent, skills and innovation,” said Datuk Isham Ishak, Secretary General of the Ministry of International Trade and Industry (MITI) during the Fashion & Design Conference 2018 held at the Malaysian Investment Development Authority (MIDA) today.

Datuk Isham also elaborated that Industry 4.0 technologies such as the Internet of Things (IoT) have impacted both the front end as well as back end of the textile and apparel industry. “The digital transformation will open up opportunities for completely new and efficient business models. This can lead to more innovative and enhanced products, higher productivity and growth. Nonetheless, we understand that it is not easy for a company to transition into this digital era. The shifts within an organisation’s internal structure and operating processes will be challenging, but the transformation is necessary,” Datuk Isham added.

In continuing with the momentum from the Kuala Lumpur Fashion Week (KLFW) 2018, the full day event aims to create more awareness on the availability of new technologies, facilitate exchanges of information and encourage more value added activities towards bringing Malaysia’s fashion and design industry to the next level of development.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA in his opening remarks said, “The textile and apparel industry has been a consistent contributor to the national economy in terms of investments and export earnings. In 2017, the industry was the 11th largest contributor for exports of manufactured goods, amounting to RM15.3 billion. During the same period, MIDA has approved 12 projects with total investments of RM428.8 million, mainly in the production of primary textiles, ready to wear garments, and textile accessories sub-sectors. These projects have generated a total of 1,850 job opportunities including skilled positions such as engineers, quality controllers and highly skilled technicians. I am also pleased to share that many international fashion brands such as Brook Brothers, Armani, Victoria Secret, Marks & Spencer, GAP, Adidas, Nike, Burberry and Ralph Lauren are being made in Malaysia.”

“We believe that many more Malaysian textile and fashion entrepreneurs are capable of becoming international players as we have many talents. Nevertheless, there are many practical steps that are needed in upscaling their businesses. Companies are encouraged to take advantage of the available facilities that MIDA offers such as the matching grant under the Domestic Investment Strategic Fund, Automation Capital Allowance (ACA) incentive to increase their productivity and moreover, quality,” added the MIDA CEO.

This Fashion & Design Conference 2018, which attracted about 300 participants, was organised by MIDA in collaboration with KLFW, Malaysia Design Council (MRM), UniKL, Mimpikita, Kelab Usahawan Artis Tanah Air (KUAT), Ernst & Young, Lewré Bespoke and Malaysia Textile and Apparel Centre (MATAC). It featured a talk titled‘Towards Fashion & Design Technology’ by Mr Jonathan Rees from Ernst & Young; a plenary session on ‘What’s Next’ moderated by Professor Emeritus Dato’ Dr. Ahmad Zainuddin, Chairman of MRM and a business networking session.

In efforts to promote Malaysian products and talents, there was a performance by rising Malaysian artist Ms Irene Catalina and a mini-showcase featuring products by local and multinational corporations such as KUAT, the Federation of Goldsmiths and Jewellers Associations of Malaysia, YaPEIM Gold, Noor Arfa Batik, B.U.M Equipment, Malaysian Textile Manufacturers Association (MTMA), Malaysian Garment Manufacturers Association (MGMA), Malaysian Knitting Manufacturers Association (MKMA), Malaysian Footwear Manufacturers Association (MFMA), Kraftangan Malaysia and MATAC. The showcase was also participated by industry solution providers ranging from full fledge manufacturing solution providers, 3D printing solutions and artificial intelligence. The companies include Siemens, Rockwell, Zul Design, TXMR, T.E.M. Engineering and Robopreneur.

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About MIDA

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

For further information, please contact:-

Mdm Najihah Abas

Director, Building Technology & Lifestyle Division

[email protected] | 03-2267 6717

Posted on : 25 September 2018

Malaysian Textile and Fashion Entrepreneurs to Leap to the Next Level


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