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Kuala Lumpur, 12 August 2021 – The Malaysian Investment Development Authority (MIDA) organised a virtual Start-up Pitching Session MIDA-Cyberview Series I/2021 to promote domestic start-ups tie-ups among industry players and active investors.

The session themed “Technology Adoption towards Industry” was a milestone collaboration between MIDA and Cyberview Malaysia to assist the local start-ups in marketing their products and services to the needs of industries and societies, initiate research-industry collaboration, converting research output into innovation and identifying the right market for investor funding.

Malaysia is well positioned as a hub for start-ups to attract the best global entrepreneurial talents to be based here. The nation had the advantage of being an English-speaking society, multicultural, with high-level tertiary education enrolment, relatively high-skilled workforce and is ranked high in global indices in terms of competitiveness and ease of doing business.

Mr. Ahmad Khairuddin bin Abdul Rahim, Deputy Chief Executive Officer (Investment Development) of MIDA, in his opening address, highlighted that “In order to drive business growth and staying relevant in current norms, business leaders, including those small and medium-sized entrepreneurs (SMEs) must creatively embrace innovation into their business models. A willingness to invest in innovation and shift from conventional processes is a stepping stone to build new growth engine; more so with the adoption of digital technology.”

He assured that “The Domestic Strategic Fund or DISF grant is an initiative by MIDA to support Malaysian-owned companies to move up the value chain and be more competitive in the global ecosystem. We hope that through this facilitation, Malaysian companies will not take the back seat during the pandemic, instead seize this period to revitalize their offerings and capabilities”.

Shafinaz Salim, Head of Technology Hub Development Division at Cyberview said, “Innovation, especially research and development and commercialisation (R&D&C) is fundamental for businesses to gain competitive edge and stay differentiated in today’s fast-moving, ever-evolving market. On top of MIDA’s offering, the Cyberview Living Lab programme that we offer enable businesses to leverage the city of Cyberjaya for proof of concept testing and piloting initiatives prior to the commercialisation of their solutions. Our initiatives are designed to support and nurture start-ups that are focused on value creation in today’s digital economy. In fact, some of our Cyberview Living Lab alumni continue to play a key role and actively contribute to the tech ecosystem here. As the tech hub developer for Cyberjaya, we are committed to building a sustainable, high-value launchpad for businesses that are looking to turn their ideas into viable and innovative products.”

Cyberview and MIDA signed a Memorandum of Understanding (MOU) in December 2020 enabling access to their respective capabilities and strengths in capitalising domestic direct investment (DDI) and foreign direct investment (FDI) opportunities in Malaysia for deep technology projects and partnerships.

“We are seeing a steady evolution in the recent years with established local start-ups stepping up their game in helping businesses embark on their digital transformation journey. This space, which was previously occupied by a small handful of tech giants, is now seeing greater participation from smaller and more nimble companies offering different vertices of digital solutions and services. There are many more untapped opportunities that these companies could explore.” added Mr. Ahmad Khairuddin.

The webinar has successfully attracted more than 300 participants, including manufacturers, service providers and other potential investors. The session featured insightful presentations by start-up companies from Move Robotic, Synapse Innovation, VITA, My Conceptual Robotics, Urban Farm Tech, MHub, TrackerHero and MEDKAD in the areas of AI solutions for manufacturing industries; autonomous mobile robot technology; advanced security and building management; real-estate financial business; payment solutions; IoT monitoring and control systems; 3d printing, customized machineries, embedded systems, robotics and automation engineering services; and health mobile data management system.

Companies interested to leverage with the start-ups, may engage with the Domestic Investment Coordination Platform (DICP) Unit, MIDA through www.mida.gov.my or Cyberview officials through www.cyberview.com.my.

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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 an active 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.

About CYBERVIEW

Cyberview has been at the forefront of Malaysia’s development as a technological hub since its inception in 1996. Starting out as the landowner of Cyberjaya, it has grown from strength to strength, until maturing into its current role as the tech hub developer of Cyberjaya. For more information, please visit http://www.cyberview.com.my.

Media contacts:

MIDA
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | Tel.: +603 2267 3509

CYBERVIEW
Nadia Azmi (Ms.)
Email: [email protected] | Tel.: +03-8315 6009

MIDA Urges Investors to Engage Domestic Start-Ups To Innovate Processes And Venture New Business

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Launch of Malaysia, Heart Of Digital ASEAN (MHODA) Portal, a Single Window To Facilitate Digital Investments into Malaysia

KUALA LUMPUR, 2 August 2021: YB Dato’ Sri Mustapa bin Mohamed, Minister in the Prime Minister’s Department (Economy), today launched Malaysia, Heart of Digital ASEAN (MHODA) portal, a single platform to attract and facilitate digital investments into Malaysia.

Its announcement in conjunction with Malaysia Tech Month 2021 is set to boost the month-long virtual event of electrifying digital and technology programmes and promotions.

The MHODA portal was designed under the establishment of Digital Investment Office (DIO) to coordinate, assess and evaluate digital investment projects, while providing end-to-end facilitation to investors. DIO will also put forward future-ready policies and guides on talent requirements, digital infrastructure networks and address operational issues faced by businesses during the current pandemic and beyond.

YB Dato’ Sri Mustapa bin Mohamed expressed, “I am confident that the DIO through the MHODA platform will ensure a quicker and more streamlined process for digital investment applications, as investors need not have to navigate multiple channels or IPAs, to secure their investments in Malaysia. The Government entrusts MIDA and MDEC to lead the DIO as both are cognizant of policy guidelines and committed to hand-hold investors to grow their high-quality digital investments in this region.”

Since its inception on 22 April 2021, both agencies have committed to welcome quality digital projects, in line with the Government’s aspiration to attract RM70 billion worth of investments by 2025 and to elevate the contribution of digital economy to Malaysia’s GDP from the current 19.1 percent to 22.6 percent.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, assured that “the branding of Malaysia as the Heart of Digital ASEAN serves the purpose of this single digital investment interface in allowing us to make swift decisions in handling investors’ needs and assuring investors to firm-up investment plans, and proceed on the project implementation. Providing a cohesive and supportive ecosystem in an efficient operating environment is imperative to entice quality investments into Malaysia. DIO will serve to strengthen Malaysia’s capabilities and the nation’s competitiveness as an ideal business location for companies in the digital space.”

Mr. Arham also highlighted that the DIO initiative will further solidify Malaysia’s aim to reinvigorate the national agenda to enhance competitiveness as formulated in the National Investment Aspirations (NIA) which focus on coherence and cohesiveness across all national policy initiatives relating to investment, including the New Industrial Masterplan and the 12th Malaysia Plan. “We are convinced that DIO, through its MHODA platform is a stepping-stone towards the country’s digital evolution, especially in transforming the new and existing economic clusters through digital enablers, high income job creations and digital upskilling of the local workforce and businesses,” he added.

Ms. Surina Shukri, CEO of MDEC reiterates “The DIO will operate as a single window for all investors in the digital economy, and in the role, it can establish a centralised data and reporting platform to capture a holistic view of digital investments and evaluate any interventions that may be required.”

“Through this DIO online platform, investors will find it convenient to submit their investment interest through a single-entry point, easing entry and facilitation and enabling quality digital investment opportunities in line with the goals of MyDIGITAL. This also builds upon Malaysia’s aspiration to position itself as a Digital Hub in the region, while accelerating the growth of digital investments will indirectly develop more highly skilled professionals and nurture our digital global champions. This is in line with our agenda towards Malaysia 5.0, enabling a nation that is deeply integrated with technology, providing equitable digital opportunities to the people and businesses,” she added.

Playing its role as a single site in promoting Malaysia’s digital landscape, MHODA can be accessed through www.heartofdigitalasean.my as well as MIDA’s official website.

Businesses are welcome to discover new perspectives on domestic and global trends in the artificial intelligence, drone tech, data analytics, fintech and digital workforce in the ongoing Malaysia Tech Month 2021.

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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 MDEC

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the nation’s digital transformation for 25 years. MDEC’s agenda is Malaysia 5.0, enabling a nation deeply integrated with technology, providing equitable digital opportunities to the people and businesses. In order to achieve this, we will focus on four key DIGITAL thrusts, New skills, Adoption, Disruptors and Investments. This forms the basis of our NADI Digital brand campaign that will drive our core programmes for the rakyat, business and investors. MDEC’s aim is for Malaysia to become a globally competitive digital nation, anchored on inclusivity, sustainability and shared prosperity, firmly establishing Malaysia as the Heart of Digital ASEAN. To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on: Facebook: https://www.facebook.com/MyMDEC/

Twitter: @mymdec

#Malaysia5.0 #NadiDigital #SayaDigital #MHODA #MyMDEC

For more information, please contact:

Business Services and Regional Operations, MIDA
Ms. Rosedalina Ramlan
Email : [email protected] | DL: +603-2267 3515

Digital Investment Division, MDEC
Mr. Razif Abdul Aziz
Email : [email protected] | DL: +603-8315 3111

MIDA Amalgamates with MDEC On Digital Investment Office (DIO)

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

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

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

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

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

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

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

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

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

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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 QES Manufacturing Sdn. Bhd.

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

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

About Applied Engineering, Inc.

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

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

Media Contacts

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

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

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

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

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Kuala Lumpur, 2 July 2021 – Malaysian-based ESCATEC is reaping the dividends of its long-term strategic plans to offer major OEM brands a viable alternative to the Tier One titans of the global Electronics Manufacturing Services (EMS) sector. Established in 1983 in Malaysia, the Group has been steadily expanding its repertoire of expertise, services, and production locations. It is now an EMS partner of global repute to numerous market leading OEM brands.

Central to ESCATEC’s strategy is a willingness to invest in industry leading technologies, machinery, and modern production plants, tied to a well-trained and skilled workforce and a top-down conviction to deliver the very best in customer satisfaction. The Group now has some 2,500 employees – a high percentage of which are technical, design, operational and production professionals. It boasts of a fully integrated EMS value and supply chain with design and development (D&D) activities at many of its production facilities in Malaysia, Switzerland, the United Kingdom (UK) and the Czech Republic.

The Group’s approach to simultaneously grow on these multiple fronts has enabled it to gain and keep customers from a broad and extensive range of market segments, as it now targets to achieve annual revenues of US$500 million.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), iterated the country’s pride in witnessing ESCATEC’s growth by leveraging Malaysia, saying, “The Government, through MIDA is always committed to our strategic agenda in expanding the investment horizon in Malaysia, particularly by building a very prudent partnership with a quality investor. This has and will continue to spearhead multiple business opportunities through Malaysia. For this, ESCATEC is a commendable example. The Group in Malaysia has grown from one entity in Pulau Pinang to three (3) entities, located in Pulau Pinang and Johor, with more future plans in store. ESCATEC has also diversified their activities from production of electrical and electronics products to medical devices in Malaysia.”

“We are pleased to see ESCATEC tapping upon Malaysia’s well-connected and established semiconductor industry cluster in Pulau Pinang and Johor Bahru. Their presence here is undoubtedly a welcomed addition, given their long-standing reputation as a high-tech supplier that can deliver flexible, quick and reliable solutions, as Malaysia looks to further strengthen our semiconductor ecosystem in the region,” he added.

Mr. Patrick Macdonald, CEO of ESCATEC, acknowledges the enabling role played by MIDA. “Besides the Group’s efforts in meeting expectations and building trust with customers and stakeholders to fuel expansions, strategies become achievable only with the support and facilitation of the Government; and MIDA is always willing to help,” he shared.

ESCATEC’s current focus is on supporting the global transportation, storage, and distribution of the Pfizer-BioNTech COVID-19 vaccine, via a partnership with Iceland-based Controlant, a global leader in real-time supply chain visibility solutions. Controlant’s solutions are utilised to monitor and ensure the safe transportation and quality of the vaccine as it is distributed globally.

ESCATEC Electronics in Bayan Lepas, Penang is the volume manufacturer of specialised cold-chain data logging devices supplied to Controlant. On Controlant’s end, it has a partnership with Pfizer for the transportation, storage, and distribution of its vaccine. These data logging devices are critical to ensure visibility, with the crucial high volume production being time sensitive, to ensure uninterrupted global supply of the vaccine.

ESCATEC also recently fully acquired the JJS Manufacturing Group in the UK. Based in Bedford, JJS Manufacturing is an industry specialist in the electro-mechanical assembly of large complex equipment and operates several production facilities in the UK and the Czech Republic.

“Our customers are mainly from Europe and North America and they have been asking us to expand further in Europe as that is a major market for many of them,” explained Macdonald. “We became aware of JJS Manufacturing and we felt their corporate values, expertise, modern facilities and skilled workforce, would be a great fit with ESCATEC and would generate significant new business opportunities. I am pleased to say the acquisition went very smoothly and we have now embarked on the process of assimilating JJS Manufacturing into the ESCATEC family.”

ESCATEC currently operates two modern facilities in Johor Bahru via its subsidiary, ESCATEC Mechatronics, which are already running at full tilt. Macdonald says the Group is now looking at setting up a third production plant in Johor Bahru to help cope with new customer orders. Hence, a new production facility in Johor Bahru is also on the cards.

Macdonald acknowledges ESCATEC still has some way to go to meet head-on its rivals within the Tier one EMS titans. Still, he views it as a motivational force for the Group and its employees in the sense of having a target to strive towards.

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About MIDA

About ESCATEC

ESCATEC is an electronics manufacturing services (EMS) provider established in 1974. It is headquartered in Penang, Malaysia, and has production facilities in Malaysia, Switzerland, the United Kingdom, and the Czech Republic. The Group offers a fully integrated EMS value chain – from design & development, certification, mass production to complete box build solutions and after-sales services.

The Group comprises of ESCATEC Electronics, ESCATEC Medical, ESCATEC Mechatronics, ESCATEC Switzerland, and in May 2021 it acquired UK-based JJS Manufacturing. ESCATEC’s success is built on innovative and industry leading practises and by building trust and long-term relationships with customers. Further information about ESCATEC is available at www.escatec.com.

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

Rajeshpal Singh (Mr)
Email: [email protected] | Tel: +604 643 2554

Malaysian Trailblazer Escatec Expands Global Presence

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KUALA LUMPUR, 17 June 2021 – The Malaysian Investment Development Authority (MIDA) congratulates UMW Aerospace Sdn. Bhd., a wholly-owned subsidiary in the UMW Group, for being inducted in the 2021 Cohort of Rolls-Royce’s High Performing Supplier Group. The inclusion places UMW Aerospace amongst the top 5 per cent of Rolls-Royce’s global suppliers, since winning the “Trusted to Deliver Excellence” award in 2018.

UMW Aerospace is the only home-grown company to become a Tier 1 supplier to Rolls-Royce. In August 2015, UMW Aerospace signed a 25+5 year contract with Rolls-Royce to manufacture and assemble fan cases for the latter’s Trent 1000 and Trent 7000 engines. Based in the UMW High-Value Manufacturing Park in Serendah, UMW Aerospace successfully delivered the first fan case for Trent 1000 engines in November 2017. Subsequently, it delivered the maiden fan case for Trent 7000 engines in October 2020. The fan cases are transported to Rolls-Royce’s facility in Singapore.

UMW Holdings Berhad President and Group CEO, Dato’ Ahmad Fuaad Kenali remarked, “We are humbled with this achievement. Our unwavering commitment to high quality products and services has led to this recognition. UMW Aerospace has proven itself as a reputable player in the highly-regulated aerospace industry in a short period. Furthermore, this achievement places UMW Aerospace among the more established players in the industry and in a favourable position to participate in Rolls-Royce’s future projects. We believe this achievement is a testament to Malaysia’s potential to become an aerospace hub in ASEAN.”

He further added, “We are also extremely grateful to MIDA for their continuous support and guidance. MIDA had been instrumental in assisting us to set up the operations in Serendah in record time through collaboration with various government agencies. We had recently signed a Memorandum of Understanding (“MOU”) with MIDA that will allow both parties to leverage on each other’s strengths to provide capacity building opportunities to attract high-quality investments into Malaysia.”

Mr. Arham Abdul Rahman, Chief Executive Officer of MIDA, reiterated that, “The Government is fully committed in developing Malaysia’s aerospace industry and we are proud that UMW Aerospace has been included in the 2021 Cohort of Rolls-Royce’s High Performing Supplier Group and recognised as the top five (5) per cent of Rolls-Royce’s global suppliers. MIDA applauds Rolls-Royce for the confidence and the opportunity given to UMW Aerospace to be part of their supply chain. This recognition shows that Malaysia is indeed an ideal location to meet the growing demand of aerospace sector in the Asia-Pacific region.”

Through various agencies, including MIDA, the Government will ensure the long-term development of the local aerospace industry, including expanding the aerospace supply chain with the participation of Small and Medium Enterprises (SMEs); as Malaysia strives to become a leading aerospace nation in South-East Asia by 2030. As the country’s pivotal investment promotion agency, MIDA envisions to develop more Tier 1 home-grown companies such as UMW Aerospace and further nurture them to penetrate new markets, as well as link up with major aerospace industry players, including Original Equipment Manufacturer (OEMs) at the global arena.

“Given the vibrant business environment, we are optimistic that Rolls-Royce will benefit from Malaysia’s established ecosystem and facilities. We are pleased that Malaysia continues to fit into Rolls-Royce’s overall growth strategy for the region, exceptionally so, with its Industry 4.0 technology success. This aligns with the Government’s efforts to attract high value-added and technology intensive projects into the country. We believe, with our strategic value proposition, companies will be able to grow their business to another level and transform as competitive world players. We will ensure the business sentiment in Malaysia remains attractive amid the challenging global economy and the current wave of the COVID-19 pandemic,” added Mr. Arham.

The aerospace sector will remain as one of the high growth industries in the 12th Malaysia Plan, soon to be announced this year. MIDA will consistently promote the aerospace industry in line with the Malaysian Aerospace Industry Blueprint 2030. Today, Malaysia hosts 230 companies in maintenance, repair and overhaul (MRO), aero-manufacturing, education and training, systems integration and, engineering and design activities, with the support of 27,500 employees.

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About MIDA

About UMW

The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core business segments – Automotive, Equipment, Manufacturing & Engineering and Aerospace. The Group operates in 8 countries and has over 7,000 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]

Infographic (EN)

Infographic (BM)

MIDA Congratulates UMW Aerospace for being Inducted into Rolls-Royce’s High Performing Supplier Group

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Kuala Lumpur, 9 June 2021 – YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry, presented at the Cabinet today on the impressive investment approvals for the first quarter (Q1) of this year, despite the unprecedented economic challenges caused by the COVID-19 pandemic. The members of the Cabinet endorsed the Q1 2021 approved investment by responding optimistically that Malaysia will successfully weather the storm with every Malaysian’s steel effort in boosting the economy.

Malaysia recorded a total of RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors in the Q1 2021 a surge of 95.6 per cent from the same period last year (RM41.2 billion).

The continued aggressive strategies to attract high level investments from both foreign and domestic investors is exhibiting promising results. These approved investments involved 993 projects and are expected to generate 32,557 job opportunities.

Malaysia remains a competitive investment location for foreign investors despite the multiple headwinds on the global front. Total approved foreign direct investments (FDI) in the manufacturing, services and primary sectors increased by 383.4 per cent to RM54.9 billion for the period of January – March 2021 from RM11.4 billion in the same quarter last year. Singapore (RM43.1 billion), the Netherlands (RM5.0 billion), the Republic of Korea (RM4.3 billion), Chinese Taipei (RM0.5 billion) and Hong Kong (RM0.3 billion) were the top five countries in accordance to reporting by immediate source of FDI. Investments from Singapore include one 100 per cent Chinese owned mega project, where the source of funding is made through its affiliate located in the country. Meanwhile, domestic direct investments (DDI) made up the rest of RM25.7 billion, contributing 31.9 per cent to the total approved investments in all the three sectors. Five (5) states; Kedah, Selangor, Sarawak, Sabah and W.P. Kuala Lumpur contributed RM68.4 billion (84.9 per cent) to the total approved investments for January – March 2021.

The manufacturing sector leads the investments for the Q1 2021, recording RM58.8 billion, followed by the services sector at RM15.6 billion and the primary sector at RM6.2 billion.

Manufacturing Sector

The positive investment growth for Q 1 2021 was driven by the robust performance of the manufacturing sector that soared by 12 6.8 per cent compared to Q1 20 20 Malaysia’s manufacturing sector recorded approved investments of RM 58.8 billion from 24 6 manufacturing projects for Q1 2021 compared to RM 2 5.9 billion from 2 26 manufacturing projects in the same period last year. It is important to note that amid pandemic, FDI accounted for 88.9 per cent or
RM52.3 billion of the total approved investments in the manufacturing sector while the remaining 11.1 per cent or RM6.5 billion were from domestic sources.

The majority of these investments were in the electr ical and electronics (E&E) (RM47.0 billion), fabricated metal products (RM4.9 billion), rubber products (RM3.3 billion), chemicals and chemical products (RM1.1 billion), transport equipment (RM0.5 billion), food manufacturing (RM0.4 billion), machinery and equipment (4 billion) as well as paper printing and publishing (RM0.2 billion) These industries make up 98. 3 per cent of total approved investments for the sector.

Malaysia has also consistently pursued more capital intensive projects and those that support the sustainable development agenda of the nation. This is reflected by the increasing capital investment per employee (CIPE) ratio to RM2,201,838 in the first three months of 2021 from RM1,625,162 during the same period last year.

The approved manufacturing projects will create 26,689 job opportunities. The new workforce includes 943 managerial positions and 1,042 engineers in the electrical and electronics mechanical and chemical disciplines reflecting the higher value chain transition of the manufacturing sector. T he approved manufacturing projects will also require 3,518 skilled
craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders. Major industries whic require the most skilled workforce are E&E, rubber products, fabricated metal products, transport equipment and machinery and equipment.

In terms of recipients of approved investments in the manufacturing sector, Kedah registered the highest level of investments with RM42.4 billion, followed by Sabah (RM4.3 billion), Selangor (RM4.0 billion), Melaka (RM3.4 billion), and Johor (RM1.7 billion Collectively, these states contributed 95.1 per cent or RM55.8 billion to the total approved investments that will fund 165 projects. These investments are set to create 19,273 job opportunities, making up 72.2
per cent of the total employment in the ma nufacturing sector.

The leading sources of foreign investments in the manufacturing sector were Singapore, Republic of Korea, the Netherlands, Chinese Taipei, People’s Republic of China, the United States of America, Switzerland, Denmark, Germany and Hong Kong. These ten countries jointly accounted for 99.8 per cent or RM52.1 billion of total foreign investments approved in the manufacturing sector for this period.

The confidence of FDI in Malaysia has been solidifying in the manufacturing sector as foreign investors are increasingly reflecting in long term investments. One of th e n otable project s is a new manufacturing project by SK Nexilis from the Republic of Korea a copper foil producer for electric vehicle ( battery manufactur ing The proposed facility in Malaysia will fully implement the RE100 initiative, to commit to 100 per cent renewable electricity. The company’ s presence will attract more investors to complete Malaysia’s EV battery manufacturing supply chain, turning the country into high precision and high quality copper foil hub for niche applications.

Another quality project approved is Risen Energy one of the pioneers in the solar industry with extensive expertise in photovoltaic R&D and end to end solutions for the entire solar value chain manufacturing The company is the first investment approved under the PENJANA Scheme, which was launched on 5 June 2020 in supporting the relocation of international investment projects to Malaysia. Risen Energy is set to produce the latest bi facial technology solar
products to cater to the growing global market. This project will boost employment opportunities and benefit the local businesses to become part of their global value chain.

Services Sector

The services sector on the other hand, contributed 74.2 or per cent or 737 of the total number of approved projects in the first quarter of 2021. These approved service s projects are expected to create 5,669 jobs for the economy. Domestic investments made up the largest portion, recording RM15 billion or 96.2 per cent of the total approved investments for the services sector during this period. The remaining 3.8 per cent were from foreign sources. The total investments approved in the services sector recorded an increase of 3.5 per cent from the approvals recorded for the same period in 2020.

I ncrease in investments were recorded in several services sub sectors, namely financial services distributive trade, education services, real estate and global establishments Collectively, the leading contributors include real estate ( 9 billion), financial services (RM2.7 billion), utility (RM2 billion support services (RM1.2 billion) and distributive trade
(RM0.5 billion).

For the purpose of streamlining investment data, a new sub sector namely information and communications has been redefined, taking in a combination of telecommunications sub sector and Multimedia Super Corridor (MSC) status projects thus adjusting the total number of sub-sectors under the services sector to 12. This new sub sector includes publishing, programming and broadcasting, telecommunications, computer programming, consultancy as well as
information services activities which are in line with the Malaysian Industry Classification Standards Code (MSIC) 2008 set up by the Department of Statistics Malaysia.

Primary Sector

The approved investments in the primary sector registered a significant increase of 3,097.3 per cent from RM0. 2 billion in 1Q 2020 to RM6.2 billion in 1Q 2021. Investments from domestic sources continue to dominate with a total amount of RM4.2 billion or 67.7 per cent while foreign investments contri buted RM2 billion or 32.3 per cent. The primary sector was led by the mining subsector with approved investments of RM6.1 billion.

Conclusion

The upward trend of COVID 19 infections has caused a global economic upheaval across every level of societies. Governments worldwide are intensifying efforts to curb the infection with an ultimate objective to restore their economies amidst the health care of their people. The challenge remains to recharge the performance of the economic sectors to the pre pandemic era.

“In Malaysia, as we continue the battle against the COVID 19 pandemic, the country remains a primary investment destination and strategic gateway for investors. The country is steadfast in providing investors with modern day requirements and equipment. Its persistence towards engaging emerging technologies proves to be a great advantage to manufacturers in the country The unique value propositions as a high tech investment and global operations hub will entice a sustainable stream of quality investment activities in the country.” said YB Dato’ Seri Mohamed Azmin Ali Senior Minister and Minister of International Trade and Industry.

“With our pro business, prudent and pragmatic policies, Malaysia serve s as the ideal partner for investors to do business in the region. The Government through MIDA will lend its expertise in executing the on going reform initiatives as well as the newly developed blueprints and policies, to enhance the country’s competitiveness, promoting investments and accelerating national economic development in line with the National Investment Aspirations (NIA).” added the Senior Minister.

As of March 2021 MIDA has in the pipeline, 988 projects with proposed investments of RM 54.4 billion in the manufacturing and services sectors Malaysia’s economy is expected to bounce this year with a GDP projection ranging between 6.3 per cent and 7.5 per cent based on the projection by International Monetary Fund World Bank and S&P Global Ratings, positioning the country to be the fastest growing among the ASEAN-5 countries.

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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 (to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Ku ala 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.

MediaContacts

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

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Malaysia Records RM80.6 Billion Approved Investments For The First Quarter Of 2021

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Kuala Lumpur, 27 May 2021 – The Comet Group, a global leading innovative technology company, based in Switzerland with a focus on plasma control and X-ray technology, expanded their capacity with a new manufacturing site in Pulau Pinang, Malaysia. This important milestone looks to strengthen the Group’s presence in Asia to meet not only local demand but also future demand for their technologies from customers worldwide.

The project was approved by the Malaysian Investment Development Authority (MIDA) last year, for the manufacturing of integrated radio frequency (RF) power modules for front end semiconductor machinery.

Despite the challenges of COVID-19 restricting economic activities and movement, the Comet team was impressed with the ease and speed in implementing their Malaysian project. “I have been part of similar projects before, but I have never seen a team working so energetically and with such motivation to set up a new manufacturing site in record time”, said project leader, Mr. Stephan Runge, Vice President Global Operations.

The sentiment was also shared by Mr. Chai Huat Yeoh, General Manager, Penang, Malaysia, “It has been exciting to work in this highly collaborative team. Whether from the headquarters in Flamatt, San José or Shanghai or local team members in Malaysia, we have been working together on the same goal, to make this project in Pulau Pinang a success.”

The first RF matching networks were assembled on the production lines and released for manufacturing use in August 2020. Since the beginning of 2021, the manufacturing facility in Malaysia is also officially certified by the company’s customers and has successfully ramped up to high volume production in the last few months.

Mr Arham Abdul Rahman, Chief Executive Officer of MIDA, commented on the speedy implementation of Comet’s project. He also conveyed the Government’s assurance to investors in facilitating their investments, “The pandemic has somehow been a game-changer for all of us. However, taking it in stride, the PACU@MIDA or the Project Acceleration and Coordination Unit has been established as part of the PENJANA initiative to flow the nation back on the road to recovery. This team is taking up the challenge to provide professional support and assistance to our investors, enabling the efficient and timely realisation of approved projects in the country. We strongly urge all our stakeholders to fully leverage this Unit‘s network and expertise to get their projects off the ground.”

He added, “MIDA is pleased to see Comet tapping upon Malaysia’s well-connected and established semiconductor industry cluster in Pulau Pinang. Their presence here will undoubtedly be a welcomed addition, given their long standing reputation as a high-tech supplier that can deliver flexible, quick and reliable solutions, particularly Malaysia looking to develop our very own front-end semiconductor equipment ecosystem.”

Currently, the company is well supported by Malaysian talent, and it is expected that over time the company vision is to employ more Malaysian. Among the roles to be filled include the positions in engineering, plant and machinery operations and assembling as well as quality management.

On the path to revitalise the national economy, Malaysia is focused on attracting high quality investments into the country in line with the National Investment Aspirations (NIA). This framework bears the foundation for Malaysia to become a regional investment hub, by (1) increasing economic diversity and complexity through the development of sophisticated products and services, with high local Research and Development (R&D) and innovation; (2) creating high skill jobs to provide better income for its people; (3) expanding and integrate domestic linkages into regional and global supply chains, by improving their resiliency; (4) developing new and existing clusters focusing on high productivity sectors, including local products and services; and (5) improving inclusivity to contribute towards the socio-economic developmental agenda. Ultimately, the NIA looks to ensure Malaysia continues to remain competitive and serves as the epicentre for economic and business activities in the region.

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About MIDA

About Comet Group

The Comet Group is a globally leading, innovative technology company based in Switzerland with a focus on plasma control and x-ray technology. With premium high-tech components and systems, we enable our customers to both enhance the quality of their products and make their manufacturing more efficient and eco-friendly. Our innovative solutions are in demand in the semiconductor and electronics market, the aerospace and automobile industry and in security inspection. Headquartered in Flamatt, Switzerland, the Comet Group has a presence in all world markets. We employ about 1,400 people worldwide, including approximately 500 in Switzerland. Besides production facilities in China, Denmark, Germany, Malaysia, Switzerland and the USA, we maintain various other subsidiaries in Canada , China, Japan, Korea, Taiwan and the USA. Comet (COTN) is listed on the SIX Swiss Exchange.

Media Contacts

Manjit Kaur (Ms.)

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

Ines Najorka (Ms.)

Email: [email protected] | DL: +41 31 744 99 96

The Comet Group’s Ramp-Up To Volume Production At New Site In Malaysia On Track

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Kuala Lumpur, 25 May 2021 — As an important step in Saint-Gobain’s strategy to surge developments in South East Asia, the Company has invested in a new plant to produce advanced solution for construction applications, including a large variety of mortars, waterproofing and construction chemicals solutions. Located on a 50,000m² land in Johor, the southern state of Malaysia, the factory, will be devoted to serve the Company’s growing Malaysian and Singaporean markets.

Saint-Gobain has been present in Malaysia for over 20 years. This new factory is the fifth (5^th) industrial establishment of the Group in the country and the 28^th in Southeast Asia. It is a testament to the confidence investors have in Malaysia and the region. The expansion in Asia-Pacific constitutes one of the top priorities for Saint-Gobain as a future regional manufacturing hub to support ASEAN countries and beyond.

Mr. Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), commended Saint-Gobain’s continual confidence in Malaysia. Commenting on the Company’s latest expansion in Malaysia, he said, “The COVID-19 pandemic has highlighted the need to accelerate the adoption of digital technologies to be applied in the manufacturing of products. Given that research and innovation are at the heart of Saint-Gobain’s strategy, we are excited to witness this latest undertaking here. We are confident that Saint-Gobain will further benefit from Malaysia’s strategic location, comprehensive global trade agreements, competitive cost of doing business, multi-facetted talent pool as well business friendly policies.”

This latest addition to Saint-Gobain’s footprints in Malaysia gathers the best of the Company’s technologies and manufacturing processes. This new plant is also designed to produce 3D printing solutions to support their pioneer positioning in this new market segment. The capacity of the plant is scalable for future demands.

Moreover, to reduce its carbon dioxide emissions and achieve carbon neutrality by 2050, the new plant will utilise natural gas with lower carbon dioxide emission. The Company is committed to continually seek out and invest in Industry 4.0, recycling, raw material and energy reduction to reach its desired goal.

Mr. Javier Gimeno, Senior Vice-President, CEO Saint-Gobain Asia-Pacific said: “This investment in Johor is a tangible proof of the long term commitment of Saint-Gobain with Malaysia and Southeast Asia. Indeed, we are convinced of the huge potential of development in these geographies whose markets are increasingly driven by innovation, technology, products’ performance and genuine respect of the environment. At Saint-Gobain we strive every day to excel in all these fields so that we can bring to our clients and the final users the best value proposition.”

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About MIDA

About Saint-Gobain

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change.

This strategy of responsible growth is guided by the Saint-Gobain purpose, “MAKING THE WORLD A BETTER HOME”, which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

To learn more about Saint-Gobain

go to www.saint-gobain.cn

Media Contacts

Manjit Kaur Balkar Singh (Ms)

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

Anthony Lopez-M: [email protected]

Zhang Jieqi: [email protected]

Saint-Gobain Opens New Plant In Malaysia, Accelerates Its Development In Southeast Asia

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Kuala Lumpur, Malaysia, 28 April 2021 – The Malaysian Investment Development Authority (MIDA) in collaboration with UOB Malaysia organised a virtual roundtable with a delegation team from Shenzhen, China to facilitate inbound investments from China’s major companies of high-value added sectors in the electrical and electronics (E&E), chemical, manufacturing and industrial sectors. The roundtable was an invaluable platform for participants to gain insights into Malaysia’s latest economic developments, policies and potential investment opportunities post-pandemic.

The Malaysian delegation was led by YB Senator Datuk Lim Ban Hong, Deputy Minister of International Trade and Industry, Malaysia (MITI), together with Mr Sivasuriyamoorthy Sundara Raja, Executive Director, Investment Promotion of MIDA and UOB Malaysia’s Managing Director and Country Head of Wholesale Banking, Ms Ng Wei Wei.

China’s delegation comprised representatives from UOB China, MIDA’s offices in China (Beijing, Shanghai and Guangzhou), China Council for the Promotion of International Trade (CCPIT) and potential investors from 20 China companies representing E&E, medical devices, automotive and chemical sectors. Also, in attendance were His Excellency Mr Beh Ching Chye, Consul General of Malaysia in Guangzhou, China; Madam Tang Jin, Deputy Director General, CCPIT Shenzhen and Ms. Adaline Zheng Jun, Managing Director and Country Head, Wholesale Banking, UOB China.

In his Keynote Address, YB Senator Datuk Lim Ban Hong remarked, “Malaysia, as an open trading nation, was not spared from the COVID-19’s devastating impact. The best way to handle the present global economic headwinds is to increase cooperation and create mutually beneficial and sustainable growth, through trade and investments. Malaysia’s pro-business policies complement the Chinese Government’s push for increased China’s overseas investment and cooperation with other countries. I am sure that China’s investors will find Malaysia an exciting base to expand their overseas operations. I am confident that existing stakeholders will also attest to our commitment towards economic progress and business friendliness. Hence, we look forward to welcoming more businesses, from both China and Malaysia to further collaborate together for mutually beneficial outcomes on its road to recovery post COVID-19.”

The Deputy Minister of MITI further elaborated that Malaysia’s value proposition in Southeast Asia as a profit centre for global companies, including those from China, cannot be overlooked. He shared, “Supported by a reliable and diverse local supporting industry, investors seeking to expand their production capacity in Malaysia can do so efficiently and with ease. Our young and quality talent pool that is well versed in multiple languages, including Mandarin and English, create an ideal business environment for our foreign investors. The Government, through MIDA in collaboration with our stakeholders will intensify efforts to attract projects that are high value-added, high-tech, knowledge and R&D intensive in line with our National Investment Aspirations to generate multiplier effects to Malaysia’s domestic industrial ecosystem.”

Malaysia welcomes investors from the Greater Bay Area in various sectors, including E&E, medical and pharmaceutical, automotive, machinery and engineering (M&E), as well as the forerunners in high technology segments such as biotechnology and, smart-home automation to explore the opportunities offered in Malaysia.

The Deputy Minister of MITI added, “Despite the challenging global economic environment amid the COVID-19 pandemic in 2020, Malaysia recorded RM164 billion in total approved investments, of which RM64.2 billion were from FDI sources. China was Malaysia’s main source of FDI at RM18.1 billion, or equivalent to a share of 28.2 per cent”.

Speaking on behalf of UOB Malaysia, Ms Ng Wei Wei said, “Following a year of business and supply chain disruptions, we see opportunities for Malaysia to benefit from companies diversifying their supply chains into Southeast Asia. Apart from that, FDI into the country, including that from China, will be supported by Malaysia’s diversified economic potential, strong fundamentals and favourable demographics.”

“With our deep presence in Malaysia and Greater China, UOB is well-positioned to assist more companies from high-value sectors, especially from China’s Greater Bay Area to expand into Malaysia. At the same time, these companies can also capitalise on the vast opportunities along the regional trade corridors between Greater China and ASEAN. Our in-market presence, insights and expertise, coupled with the ecosystem partnerships we forge, we are confident to attract and to facilitate high value-added FDI from China to Malaysia and to stimulate the economy through quality job creation and trade activities,” she added.

Since 2013, the Bank’s FDI Advisory Unit has supported more than 300 foreign companies to establish and to grow their businesses in Malaysia. The support enabled these companies to develop their market entry strategies and to navigate the complexities of doing business in a new country, as well as provided them with access to UOB’s financial products and services.

Following the signing of a Memorandum of Understanding (MOU) with MIDA on 10 January 2020, UOB Malaysia has been working closely with MIDA to help companies from Greater China, Europe and within Southeast Asia to expand and invest in Malaysia and across the region. To find out more about UOB’s FDI Advisory services, please visit https://www.uobgroup.com/fdi.

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About MIDA

About United Overseas Bank (Malaysia) Bhd

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is a subsidiary of Singapore-based United Overseas Bank Limited (UOB) and has had a presence in Malaysia since 1951. UOB Malaysia offers an extensive range of both conventional and Islamic banking services through its branches, subsidiaries and associate companies: corporate and commercial lending, investment banking, treasury services, trade services, cash management, home loans, credit cards, wealth management and bancassurance products.

UOB is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings. In Malaysia, UOB Malaysia receives AAA/Stable/P1 financial institution rating from RAM Ratings.

Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider, and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education.

For further information, please visit www.uob.com.my.

For media queries, please contact:

Manjit Kaur Balkar Singh (Ms)
Corporate Communications, MIDA
Email: [email protected]
DL: +603-2267 3509

Nizam Arop (Mr)
Strategic Communications and Brand, UOB Malaysia
Email: [email protected]
Tel: 03-9195 2786/ 017-333 6329

Averlyn Lim (Ms)
Strategic Communications and Brand, UOB Malaysia
Email: [email protected]
Tel: 03-9195 2793 / 018-229 9168

MIDA and UOB Bank Successfully Organises Hybrid Roundtable Meeting with Captains of Industry in China Greater Bay Area

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KUALA LUMPUR, 27 April 2021 – The Government has announced the extension and enhancement of the automotive industry incentive in its effort to heighten the new generation of automotive technology and products.

For the period of 2014 to date, the Government through the Malaysian Investment Development Authority (MIDA) has evaluated and approved tax incentives for 13 automotive projects with investments of RM4.6 billion.

The Government reaffirmed the need to add and redefine the list of promoted products and services related to the automotive industry as well as to review the stringent requirements and stipulated conditions for projects approved with the incentive.

While the new extended incentive’s main objective is to promote investments in Energy Efficient Vehicles, an additional scope of activities is now qualified for the automotive industry incentive. These encompass a range ofhigh-tech and high-value products including Next Generation Vehicle (NxGV), electric vehicles and related component as well as core and critical components such as engines, powertrains, light detection and ranging (LIDAR), radio detection and ranging (RADAR) and advanced driver-assistance systems (ADAS).

Due to the complexities of the automotive industry structure across its value chain, the Government has reviewed the value-added criteria requirement as part of this enhanced incentive scheme.

During the drafting and launch of the National Automotive Policy in 2020, in recognising the need for a strategic review and incentive packages to spur new quality investments in the automotive industry, the Government looks beyond attracting new investment into the country, where opportunities should also focus to grow the local automotive industry players and vendors.

This includes nurturing local companies in technologies capabilities, certification and human capital development; utilising and developing local expertise and service providers; as well as supporting local engineering and manufacturing companies such as special processing providers, jigs and tooling manufacturers, components and part manufacturers as well as engineering designs.

It is anticipated that the relaxation of criteria or conditions under this enhanced incentive will attract more homegrown companies to explore expansion opportunities by venturing into new high-tech and high value-added products while expanding their supply chain in the region.

The new incentive is timely as the automotive industry in ASEAN region has been rapidly evolving, with countries continuously innovating policies and strategies to attract investments, particularly for electric vehicles. Malaysia is expectant for its positive spill over effects such as high value jobs, increase in R&D activities as well as transfer of technology and knowledge to the local industry ecosystems. Additionally, this will solidify Malaysia’s position as an attractive investment destination for automotive industry players worldwide and a hub for energy-efficient vehicles.

Eligible companies are encouraged to submit their applications to MIDA with immediate effect. The application for incentive is available until 1 December 2025. More information can also be obtained at www.mida.gov.my and the Transportation Technology Division at MIDA.

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About MIDA

Media Contacts:

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

Enhanced Investment Incentives To Drive Malaysia’s Automotive Industry Into The Future

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Kuala Lumpur, 26 April 2021 – The recently concluded Trade and Investment Mission (TIM) to the Republic of Korea (ROK) and Japan from 31 March – 6 April 2021 led by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister, Minister of International Trade and Industry (MITI), has successfully secured RM8.9 billion in committed investment for 2021.

SK Nexilis Co., Ltd., a subsidiary of SK Group from ROK, recently had announced its RM2.3 billion worth of investment into Malaysia to establish a thin copper foil manufacturing plant in Sabah. However, the expected investment has been revised to RM4.24 billion. The project is in line with the Government’s intention to develop a complete ecosystem of high-tech industries, especially in the automotive and telecommunication sectors. The manufacturing plant in Kota Kinabalu will be powered utilising 100 per cent renewable energy, where such operation will be the first for SK Nexilis outside ROK. Malaysia will be a major hub for a state-of-the-art for thin copper foil production with in-house technology, besides boosting Malaysia’s talent network and capabilities with the company’s presence. SK Nexilis is a global leader in thin-tech innovation for copper foil manufacturing controlling 16 per cent of the world market share for electric vehicle (EV) battery.

LG Chem Ltd., the largest Korean chemical company, recognised for the prestige and accomplishment as a Global Top 10 chemical company, has indicated its interest in developing the petrochemical cluster in Malaysia. LG Chem Ltd., an affiliate of LG Group (the 4th largest group in Korea) ranking 490th in the Fortune 500 in 2019, is the first ROK company to partner with Petronas, which will be LG Chem Ltd., first foreign platform outside Northeast Asia. LG Chem Ltd. has a globally competitive business portfolio, including Petrochemicals, Energy Solutions, Advanced Materials, and Life Sciences. The company will set up a joint venture with Petronas Chemicals Group Bhd. to produce Nitrile-butadiene rubber (NBR) Latex in Pengerang Integrated Petroleum Complex (PIPC) with a potential investment of RM600 million, where the operation is expected to commence in March 2023. The establishment of LG Chem Ltd. in Malaysia will complement the development of the petrochemical cluster in Pengerang, Johor and increase utilisation of feedstock from PETRONAS.

In addition, SPC Group, a large conglomerate producing food and confectionery products in ROK and also one of the oldest brands in the confectionery and bakery industry in ROK, with market-leading franchise brands such as Paris Baguette (Bakery), Shake and Shack (Bakery) and Baskin Robbins Korea (Donuts and Ice-cream) is planning to make Malaysia as a regional distribution hub for their halal dough with investment value estimated at RM91.2 million to cater the ASEAN market. The company also ready to work with Malaysian companies to bring the Paris Baguette franchise brand into the local market. Today, SPC Group is a leading company in the food industry in Korea with their advanced Research and Development (R&D) Centre, with 6,000 locations globally and plans to increase the number of the group’s outlets worldwide to 20,000 by 2030.

Another notable project from ROK is the manufacturing of Next Generation electric foil (Elecfoil) by ILJIN Materials. Elecfoil is a thin copper foil with a thickness of less than 10 micrometers for secondary batteries and printed circuit board (PCB). In 2018, the company has established its first overseas factory in Samajaya Free Industrial Zone, Kuching, Sarawak to manufacture its elecfoil. ILJIN will be undertaking an expansion project, to manufacture its next generation of elecfoil with additional investment of RM2.2 billion. The expansion project will be executed on 16 hectares of land adjacent to the existing project which is expected to materialise in 2025, where ILJIN will produce 40,000 tonnes of elecfoil annually. It is to be noted that 500 tonnes of elecfoil can produce 15,000 Electric Vehicle (EV) providing a great opportunity for ILJIN to capitalise the European market as the biggest market for EV in the world and utilising their operations powered by local talents in Malaysia, to significantly increase their production of the next generation of elecfoil for EV.

From Japan, Nippon Electric Glass Co., Ltd. (NEG), one of the world’s leading manufacturers of specialty glass, will invest at least RM1 billion for the new production of e-glass fibre. NEG is the leading glass manufacture for flat panel displays, controlling 20 per cent of the market share in the world’s production of glass for liquid crystal displays (LCD). The new E-Glass Fibre will be used to produce automotive parts and components in the production of wind turbine blades for wind power generation. The new project is set to begin operations in 2022, using improved manufacturing process by capitalising on Artificial Intelligence (AI) and other futuristic technologies.

Moving forward, Mr. Arham Abdul Rahman, CEO of MIDA, said “ROK and Japan will continue to be major investor countries in Malaysia. MIDA will continue to welcome high-quality foreign direct investments from around the world, including ROK and Japan. These investments assume an important role in the development of Malaysia due to
their multiplier impact on the economy and will continue to do so in the post-pandemic era. Through policy reviews and targeted approaches, the Government will ensure that Malaysia remains the preferred investment location with a favourable environment for quality investments in Asia.

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 queries, please contact:
Manjit Kaur Balkar Singh (Ms)
Corporate Communications Division, MIDA
Email: [email protected]
DL: +603-2267 3509

Malaysia Secured RM8.9 Billion of Committed Investment for 2021 from the Trade and Investment Mission (TIM) to The Republic Of Korea (ROK) and Japan

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Kindly be informed that InvestMalaysia Portal (https://investmalaysia.mida.gov.my) is currently down due to power disruption.

We apologize for the inconvenience caused. For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: [email protected]

InvestMalaysia System Down Due to Power Disruption

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KUALA LUMPUR, 23 APRIL 2021 – The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) chaired by Prime Minister YAB Tan Sri Muhyiddin Yassin endorsed the establishment of the Digital Investment Office (DIO), entrusted to charge towards facilitating digital investments in Malaysia. 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 DIO is a fully-digital collaborative platform between the Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) to coordinate and facilitate all digital investments. The objective of this endeavor is not only to create awareness on digital investments in the country but to also strengthen the coordination among all Investment Promotion Agencies (IPAs) in promoting and attracting new investments in this fast-evolution segment.

Senior Minister and Minister of International Trade and Industry (MITI), Dato’ Seri Mohamed Azmin Ali remarked, “The Digital Economy is the engine of future growth for Malaysia. The setting up of this DIO is indeed timely in line with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, as it will create a unique value proposition for the upcoming digital investments. We are optimistic that with this structured governance in investment promotion and facilitation, Malaysia’s digital ecosystem will be further strengthened and primed for the future, ensuring the country remains competitive on the path of recovery post-COVID.”

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA reiterated both the Agencies’ commitment to facilitate quality investments into the country, including digital investments, “This DIO builds upon Malaysia’s aspiration to position as a Digital
Hub in the region. As the principal investment promotion and development agency of the country under MITI, MIDA looks forward to work closely with MDEC to accelerate the growth of digital investments, which will indirectly develop more highly skilled local professionals and groom digital global champions. In the long run, this will enhance Malaysia’s competitive advantage, offering undeniable pull factors for investors, both foreign and local alike.”

“The DIO is a game changer as it will be the single point of contact for investors in our digital economy. It is a significant milestone for the investment facilitation, combining MIDA’s global infrastructure and MDEC’s subject matter expertise in the digital economy ecosystem to attract high quality digital investments to benefit our businesses and people, in line with our agenda of Malaysia 5.0,” said Ms. Surina Shukri, CEO of MDEC.

This collaborative effort between MIDA and MDEC will cater to the rapidly growing digital industries’ needs with a view to anchor global technology leaders, build local champions, and nurture future ready talent in Malaysia. In the long term, with the shift in the global digital landscape, the Government anticipates the DIO to play a vital role to position Malaysia as the preferred Digital Hub and firmly establish Malaysia as the Heart of Digital ASEAN in the Southeast Asian Economic Region.

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About MIDA

About MDEC

Malaysia Digital Economy Corporation (MDEC) is a government agency under the purview of the Ministry of Communications and Multimedia Malaysia entrusted to lead Malaysia’s digital economy forward.

Incorporated in 1996 to oversee the development of the MSC Malaysia initiative, MDEC’s primary mandate today is to accelerate the growth of digitally-skilled Malaysians, digitally-powered businesses and digital investments in Malaysia. MDEC is focused on creating inclusive, high-quality growth through the nationwide digitalisation initiatives that are in line with the Government’s Shared Prosperity Vision 2030 in line with Malaysia 5.0 and firmly establishing Malaysia as the Heart of Digital ASEAN.

#LetsBuildTogether #DigitalMalaysiaForward

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on:
Facebook: https://www.facebook.com/MyMDEC/
Twitter: @mymdec

Media enquiries:

Corporate Communication Division, MIDA
Manjit Kaur Balkar Singh (Ms.)
Email: [email protected]
DL: +603-2267 3509

Malaysia Digital Economy Corporation, MDEC
Dashika Gnaneswaran
Brand & Strategic Partnerships
Malaysia Digital Economy Corporation (MDEC)
Email: [email protected]

Digital Investment Office to Shape Up The Nation’s Digital Investment Landscape

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•To assist companies to automise and digitalise operations, production and trade channels in high value-added sectors.

•To create awareness to industry on the various government supports available to aid local players to jumpstart their manufacturing facilities towards Automation and Industry 4.0 technologies adoption.

•To plan and coordinate engagement with local companies with potential system integrator to support automation and digitalisation initiatives.

•This programme is also part of MIDA’s continuous support towards the development of automation and digitalisation initiatives in ensuring players are able to grow their businesses and stay ahead of local and regional competition.

Webinar on Government Facilitation For Companies Undertaking Automation And Digitalisation Initiatives in Malaysia, In collaboration with TXMR Sdn. Bhd.

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Kuala Lumpur, 21 April 2021 – Globetronics Techology Bhd., a leading miniaturised optical sensors manufacturer in Malaysia, announced the establishement of a cloud-based state-of-the-art platform through the adoption of Industry 4.0 processes in their high volume mass production operations. The expansion worth RM50.2 million will incorporate Artificial Intelligence (AI), big data analytics and Extended Reality (AR + VR) into their end-to-end intelligent supply chain and manufacturing which enables higher levels of customisation, reduction of cycle times and superior quality traceability for a diversified product portfolio and dynamic customer needs.

The move towards integrating intelligence into the company’s machines and business processes is timely in addressing the non-skilled labour acquisition challenges as well as increasing the resilience in response to the COVID-19 pandemic. The implementation of automation to its processes will also help Globetronics to focus on high revenue generation activities such as predictive and prescriptive data to maximise machine operations. The initiative maps the path for the Company’s “Lights off” factory within the next five (5) years.

Mr. Arham Abdul Rahman, Chief Executive Officer of MIDA, expressed that “In line with the Government’s aspiration to spearhead rapid digital transformation in the manufacturing sector, Globetronics’ expansion will pave the way for enhancement in productivity, job creation and deepening the Malaysians skill set by leveraging on cutting-edge technology and emerging AI capabilities.”

“The introduction of Industry4WRD policy, served as a strategic direction for Malaysia to fully embrace Industry 4.0, including smart manufacturing and smart cities, smart grids, as well as smart solutions. While digitalisation is the antidote for business survival and growth in innovation-led value creation, Globetronics’ Industry 4.0 adoption will complement the electrical and electronics industry by producing advanced semiconductor photonic products through the utilisation of autonomous robots and smart manufacturing”, he added.

Globetronics’ IR4.0 transformation focuses on workforce transformation, reimagining manufacturing and workforce training via Extended Reality (ER). The Company’s ER technology will bridge the gap between the digital and physical world by superimposing live-streamed images with its extensive database of machines learnt data from research and development (R&D) as well as manufacturing phases. Subsequently a digital guru may be utilised to ensure a seamless work action and reduced human errors in day-to-day operations. The closed-loop integration of product, process and quality data via AI will serve as an inadvertent error prevention guarantee of its quality excellence. This will be the enabling technology to directly uplift lesser skilled workers and proportionally bring up the minimum wage.

The new recharacterising of Globetronics’ manufacturing processes will be the testbed to proliferate and intensify the use of big data across its end-to-end supply chain and manufacturing system. The workforce transformation will position the company to be the front runner in Malaysia in establishing a data-driven culture and hub to attract data science talents, locally and globally. Besides, the expansion would also demonstrate Globetronics’ commitment to continually invest in emerging technologies that are critical to support the constantly evolving landscape to ensure its business sustainability.

Globetronics’ new platform is set to gear up for exciting next generation semiconductor wafer-level packaging technology including the 2.5D, where the stacking of dies will be replaced by flip-chip on a silicon interposer.

About Globetronics
Globetronics is a Malaysian technology company that is involved in the manufacturing of Miniaturised Optical Sensors, Light Emitting Diode (LED) components and modules, Quartz Crystal Timing Devices, Integrated Circuits, Optoelectronic Products as well the provision of technical plating services. It’s main operating sites are in Penang and Kuala Lumpur. Globetronics is listed on the Main Board of Bursa Malaysia, with a market capitalisation of RM 1.8 billion and a has a staff strength of 1,200 employees.

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:
Globetronics:
Ng Kok Yu
Email: [email protected]| Tel.: +604 819 4160
MIDA:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | Tel.: +603 2267 3509

Globetronics Embarks on RM50 Million Industry 4.0 Transformation Programme for Business Sustainability

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Partnership for Microsoft’s first datacentre region and skilling of one (1) million Malaysians in new and advanced cloud technologies

Kuala Lumpur, 20 April 2021 – The Malaysian Investment Development Authority (MIDA) is proud to pronounce Microsoft’s Bersama Malaysia initiative as a game-changer towards the country’s digital-first agenda, in line with the nation’s MyDIGITAL aspirations.

Microsoft’s plan to establish its first datacentre region in Malaysia and its catalytic role in digital infrastructure is set to accelerate the nation’s innovation in cloud technologies, further boosting local and foreign investors’ confidence in Malaysia. Microsoft’s commitment to prowess up to 1 million Malaysians by December 2023 will propel the local digital workforce to drive the nation’s digital economic growth.

Microsoft’s Bersama Malaysia was launched yesterday by Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia. Also present at the launch ceremony were Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI); Dato’ Sri Mustapa Mohamed, Minister in the Prime Minister’s Office for Economics; Tengku Datuk Seri Zafrul Abdul Aziz, Minister of Finance; and Datuk Seri M. Saravanan, Minister of Human Resources. This collaboration strengthens Microsoft’s long-term commitment to help empower Malaysia’s inclusive digital economy through public-private partnerships.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, who was also present at the launch, congratulated Microsoft on its Bersama Malaysia initiative. “Malaysia has tremendous opportunity to fortify itself as a preferred location for technology players. Microsoft’s investment with its first datacentre region in our country is a strong testament to Malaysia’s pro-business, pro-trade and business-friendly investment policies. Having Microsoft, a global technology player expanding its footprint in the digital infrastructure in Malaysia, helps form the backbone for a sustainable digital ecosystem. Most importantly, Microsoft’s commitment through its world-class digital infrastructure will position us in a higher rank to progress into a digital nation.” said Mr. Arham.

“Microsoft’s long-term presence for nearly 30 years also reflects their confidence in our local talents in driving the nation’s digital transformation. We will continue to support Microsoft’s efforts in Malaysia, particularly in transforming the nation’s digital landscape, infrastructure and its skilled workforce, thus enhancing Malaysia’s competitiveness and attractiveness as the preferred destination for high technology investments,” he added.

The upcoming Microsoft datacentre region is expected to benefit local businesses, the Government, and communities across all sectors. The local datacentre region will comprise a set of datacentres located within Greater Kuala Lumpur, deployed within a latency-defined perimeter and connected through a dedicated low-latency network. Users are able to gain fast access to Microsoft’s leading-edge cloud services as well as the ability to store data and applications in the country.

The datacentre region will also feature Azure Availability Zones, with unique features such as physical locations equipped with independent power; network and cooling support for additional tolerance and withstand datacentre failures. This ensures data remains available and protected, even when there’s an event impacting the datacentre site such as power failure; without comprising data residency, privacy, security or compliance.

Based on research conducted by IDC¹, Microsoft’s investment in Malaysia will assist in generating approximately RM19 billion² in revenues over the next four (4) years within the country’s ecosystem of local partners and cloud-consuming customers. Moreover, Microsoft and its partners, together with the cloud-using customers will also assume significant roles in growing the nation’s workforce, contributing more than 19,000 direct and indirect new job opportunities over the same period of time.

Mr. K. Raman, Managing Director of Microsoft Malaysia, added, “Having a robust digital infrastructure and a future-ready digital workforce will play a profound role in ensuring Malaysia’s economic recovery and resilience. We fully support the Government’s bold and progressive vision as targeted in the Malaysia Digital Economy Blueprint. We are confident that the digital-first, cloud-first policy outlined in the Blueprint will further propel innovation and accelerate the nation’s transformation to become a regional leader in the digital economy. In support of this and echoing our Bersama Malaysia commitment, we are humbled by the support extended by MIDA and we look forward to strengthening our partnership to realise Malaysia’s inclusive digital aspirations.”

Mr. Arham concluded that the Government will continue to adopt a targeted approach in attracting investments. The Government recognises the need to develop the high technology sectors as one of the strategies to sustain the momentum of economic growth and to improve the competitiveness and resilience of the Malaysian economy. In remaining on this steady path, the National Digital Economy and Fourth Industrial Council (MED4IR) will optimise the development of Fourth Industrial Revolution (4IR) technology and digital economy, in line with the 2030 Shared Prosperity Vision and Sustainable Development Agenda. The Economic Cluster of the MED4IR Council will be governed by MITI, with MIDA as an active Committee Member in the Government’s initiatives to drive the national 4IR and digital growth.

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About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, please contact:

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

Microsoft Malaysia
Eric Lai (Mr.)
Email: [email protected]

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¹ IDC Info Snapshot, sponsored by Microsoft, The Microsoft Cloud Dividend Snapshot: Malaysia, Doc. #US46918020, October 2020
² USD4.6 billion (Bank Negara Exchange Rate : USD 1=RM 4.1405 as at 5 April 2021

MIDA Welcomes Microsoft’s First Data Centre Region in Malaysia – A Game-Changer for Malaysia’s Digital Economic Transformation

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MIDA, through its InvestMalaysia Portal has launched an online application submission module on 26^th March 2021 (Friday) via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the enhanced online application module are as follows:

Enhanced Manufacturing Licence (e-ML)
Exemption letter from ML
Enhanced Incentive (e-Incentive)
Expatriate Post & RE/RO
Permit (PDA 2)
R&D/IILS/DIILS Status
Domestic Sales
Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
Enquires/Feedback
Online Technical Support
Post Approval for:
i. Manufacturing Licence
ii. Incentive
iii. Status
iv. Expatriate Post
v. RE/RO
Post Licensing
Post Incentive
Grant Application
Post Approval (Status IPC / RDC)
Post Approval RERO / Expatriate Post

We are pleased to inform that the next release of the online application module in InvestMalaysia Portal will Go-Live on 31st May 2021 (Monday) at 9.00 am. Additional online applications under this release is :

Grant Disbursement Application

Thank you.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: [email protected]

MIDA INTRODUCES ONLINE APPLICATION

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Kuala Lumpur, 14 April 2021 – The Malaysian Industrial Development Finance Berhad (MIDF) has inked a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to offer small and medium enterprises (SMEs) and Mid-Tier Companies (MTCs) the opportunity to benefit from MIDA’s Smart Automation Grant (SAG).

The SAG initiative, introduced in the National Economic Recovery Plan or PENJANA with an initial allocation of RM100 million, was launched by the Senior Minister and Minister of International Trade and Industry (MITI) on 2 December 2020. This grant is awarded to eligible SMEs and MTCs on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company. Based on the encouraging response for SAG, the Government announced an additional RM50 million fund under the Strategic Programme to Empower the People and Economy or PEMERKASA to drive more SMEs and MTCs to improve their operation and production through automation and digitalisation.

The collaboration between MIDF and MIDA aims to promote and facilitate the SAG’s utilisation through a strategic alliance. Under this alliance, MIDA will provide grants for qualified companies, whereas MIDF will offer financing to these companies for their remaining expenses. Additionally, qualified companies already enjoying financing facilities from MIDF may lower their financial commitment upon successful application for SAG.

Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA, remarked, “The Government, through MIDA is committed to assist Malaysia’s industry players and businesses towards higher productivity and market competitiveness. The collaboration between MIDA and MIDF is in line with our objective to provide financial assistance for Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) towards automation and digitalisation. These two processes are crucial components and push factors in speeding up operation process, reducing errors and increase productivity.”

“The objective of SAG is to reassure SMEs and MTCs in the manufacturing and services sectors to automate and digitalise their operations and production, to spur their competitiveness, to reduce the reliance of foreign workers and to create new job opportunities in high value-added sectors. The Government looks forward for Malaysian companies to embark transformation towards digitalisation and automation to remain resilient amidst the impact of the COVID-19 pandemic and economic contraction. We trust that this partnership would result Malaysia’s businesses growth across industry supply chains” he added.

Dato’ Charon Wardini Mokhzani, Group Managing Director of MIDF, iterates, “This MoU underlines the close relationship between MIDA and MIDF and our joint commitment to support companies that aspire to automate and modernise. As a nation, we need to increase productivity and value-add Malaysian businesses to higher levels in our path towards a high-income nation; investing in automation and digitalisation is one way to achieve this. MIDF is honoured to be part of this important initiative.”

SMEs and MTCs that have been undertaking manufacturing or services activities in the past 12 months are eligible to be considered for SAG. The automised machine, equipment or software purchased through this grant must be utilised directly in the company’s value chain in order to qualify for the incentive. Improvements in two components (productivity and efficiency) will be assessed on a range of criteria such as reducing unskilled workers, man-hours, defect rate and the increase in production volume. Interested companies are advised to submit applications to the various industries and services divisions in MIDA.

To find out more about the Guidelines of SAG please visit:
https://www.mida.gov.my/forms-and-guidelines/

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About MIDA

The MIDF group carries out investment banking, development finance and asset management. It serves entrepreneurs as well as large corporations and institutions. Malayan Industrial Development Finance Ltd (now MIDF) was established in 1960 following the recommendations of the World Bank on how to finance the industrialisation of Malaya, and over the last 61 years the MIDF Group has been part of the development and modernisation of Malaysia’s economy and capital markets. MIDF is a wholly-owned subsidiary of Permodalan Nasional Berhad.

For media enquiries, please contact:

Ms.Masni Muhammad
Director, Strategic Planning and Policy Advocacy (Manufacturing) Division
Malaysian Investment Development Authority (MIDA)
Phone : +603 2267 3444
Email : [email protected]

Ms. Irmawati Mahamad Tahir
Vice President
Group Strategic Communications
Malaysian Industrial Development Finance Berhad (MIDF)
Phone : +603 2173 8756
Email : [email protected]

MIDF Inks MOU with MIDA on Smart Automation Grant to Drive Malaysian Companies into Automation

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R&D for Business Programme Attracted 1,392 Companies

KUALA LUMPUR, 13 April 2021 – The Malaysian Investment Development Authority (MIDA) successfully hosted the Research and Development for Business (RD4B) Programme to promote and increase awareness of the importance of R&D activities among industries players.

The event was an important platform for businesses to familiarise with government departments and agencies that promote R&D in Malaysia. Speakers from MIDA, Ministry of International Trade and Industry (MITI), Ministry of Science, Technology, and Innovation (MOSTI), Ministry of Higher Education (MOHE), Inland Revenue Board (IRB), Collaborative Research in Engineering, Science and Technology Centre (CREST) and Cyberview Sdn. Bhd. briefed 1,392 foreign and domestic participants on resources pertaining to R&D undertakings.

It was also an excellent avenue for new and existing businesses to knowledge up the available government assistance in making informed R&D investments or expanding their businesses in the R&D segment.

In his keynote address, Mr. Arham Abdul Rahman, Chief Executive Officer of MIDA iterated that the Government, in recognising the importance of research, development and innovation, provides funding support through various ministries for all stages of R&D from idea creation, research, development and commercialisation. He said, “In Budget 2021, the Government further expanded the tax incentive for companies that commercialises the R&D findings of public research institutions and, public and private higher learning institutions. The eligible R&D scope now includes both resource-based and non-resource-based undertakings.”

As of 31 December 2020, MIDA recorded a total of 199 approved R&D-related projects with capital investments of RM3.1 billion that created 6,949 high-skilled jobs. These approvals comprise 30 R&D companies, 80 contract R&D companies, 46 companies with in-house R&D facilities, 26 R&D status companies and 17 national strategic R&D projects. Among the top industries in which the R&D projects were approved include electrical and electronics (E&E), automotive and transport, machinery and equipment as well as chemical and chemical products.

Mr. Arham stressed on, “Given the cautiously optimistic investment climate due to the current pandemic, MIDA remains positive on the outlook of investments in R&D. We hope to continuously grow investments in R&D and give our utmost support to spur R&D and innovation in the country. Furthermore, R&D plays an imminent role in Industry 4.0. MIDA is also encouraging companies to tap upon the MIDA Lighthouse Programme that assists companies to accelerate Industry 4.0 adoption to a scalable and impactful stage. Simultaneously, it also hopes to influence ecosystem providers towards similar Industry 4.0 transformation by facilitating companies to address implementation challenges and barriers.”

Companies are encouraged to leverage the Government’s various support and facilities to move towards Industry 4.0. Among the initiatives under MIDA include the Automation Capital Allowance, Industry4WRD Intervention Fund, as well as the Smart Automation Grant (SAG). More details can be obtained at www.mida.gov.my.

During the programme, Mr. Arham officiated an i-R&D portal managed by MIDA. “This initiative looks to promote companies along the R&D value chain by connecting all relevant stakeholders via the portal. The connectivity between the R&D companies, researches and academic institutions is tantamount to ensure that R&D initiatives in the country are being realised effectively,” Mr. Arham added.

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

MIDA Facilitates Industries to Pursue R&D

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Kuala Lumpur, 6 April 2021 – The Government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (MIDA). This is part of the proactive measures undertaken by the Government to continue Malaysia’s economic revitalisation efforts by facilitating investments and restoring investors’ confidence.

Under the normal procedure, the approved companies are required to comply with certain conditions and implement their approved projects within a specific period, as stipulated in the Approval Letters issued by MIDA. However, with the implementation of this relaxation mechanism, a company may be considered for certain relaxations on achieving the approved thresholds or meeting the implementation timeline of their approved projects, subject to compliance of identified criteria set by the Government. The relaxation of compliance with stipulated conditions is for the period between 2020 and 2021.

To leverage this facility, companies are required to submit their soonest requests to MIDA with relevant supporting documentation based on the prevailing policy decisions set by the Ministry of International Trade and Industry as well as the Ministry of Finance.

The Government hopes that this measure will further assist in supporting and stimulating the growth of the manufacturing and services sectors in Malaysia given the onset of the COVID-19 pandemic and the enforcement of the Movement Control Order (MCO) which have challenged economic activities and businesses.

Investors are encouraged to submit their appeal applications on relaxation/amendment of incentive conditions to the relevant divisions for specific industries and services in MIDA. For further enquiries directly related to policy matters, please contact the Strategic Planning and Policy Advocacy (Services) Division of MIDA at 03-2267 3633 (ext. 6675) / [email protected] or the Strategic Planning and Policy Advocacy (Manufacturing) Division of MIDA at 03-2267 3633 (ext. 6786) / [email protected].

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

Relaxation Of Incentive Conditions For Manufacturing And Services Projects Approved Under The Purview Of MIDA

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MIDA, through its InvestMalaysia Portal has launched an online application submission module on 26^th March 2021 (Friday) via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the online application module are as follows:

Manufacturing Licence (e-ML)
Exemption letter from ML
Incentive (e-Incentive)
Expatriate Post & RE/RO
Permit (PDA 2)
R&D/IILS/DIILS Status
Domestic Sales
Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
Enquires/Feedback
Online Technical Support

We are pleased to inform that the next release of online application module in InvestMalaysia Portal will Go-Live on 9th April 2021 (Friday) at 9.00 am. Additional online applications under this release are as follows:

Post Approval for:
i. Manufacturing Licence
ii. Incentive
iii. Status
iv. Expatriate Post
v. RE/RO
Post Licensing
Post Incentive

Therefore, kindly be informed that https://investmalaysia.mida.gov.my will be down for system deployment as follows:

From 7th April 2021 (Wednesday) at 8.00 pm to 9th April 2021 (Friday) at 9.00 am.

Thank you.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: [email protected]

MIDA Introduces Online Application

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Kuala Lumpur, 1 April 2021 – The Malaysian Investment Development Authority (MIDA) announced the retirement of its Chief Executive Officer (CEO), Dato’ Azman Mahmud. Mr. Arham Abdul Rahman, former Deputy CEO I of MIDA will step up to the role of the new CEO effective 1 April 2021.

Mr. Arham has an outstanding track record and highly distinguished career spanning over three decades with MIDA. He has served primarily in the foreign investment arm of the organisation, with years of service in Germany and the USA. His experience as a MIDA frontliner for attracting and facilitating foreign investments into the country, gives him the unique proposition to lead MIDA in the new norm.

Dato’ Azman’s retirement concludes his 32 years of service at MIDA. He has held various positions across many divisions within the organisation. He has been instrumental in building Malaysia’s business ecosystems, facilitating industrial development and promoting investments in line with the country’s national investment aspirations. The ultimate objective is to position Malaysia as a preferred investment destination in the region and beyond given our country’s strategic value propositions and potential business opportunities.

During Dato’ Azman’s leadership, MIDA has actively advised on, recommended and implemented policies, strategies and directions for Malaysia’s manufacturing and services sectors. Working together will all levels of stakeholders including governmental counterparts, foreign and local business communities as well as academia and training partners, MIDA has consistently achieved yearly investment targets of RM200 billion between 2014 to 2019.

Furthermore, MIDA has received several accolades in recognition of its contribution to the country’s development. Notably, MIDA’s excellence garnered the Top Investment Promotion Agency award in the Asia-Pacific National category by Site Selection magazine, a US-based international business publication, in 2015, 2016 and 2019.

The COVID-19 pandemic presented unanticipated challenges for MIDA; however, Dato’ Azman at the helm, helped MIDA and the industry stakeholders navigate the uncertainties together with the Ministry of International Trade and Industry. MIDA was instrumental in the evaluation process during the initial Movement Control Order implementation and provided pertinent inputs for the drafting of policies and strategies in the Government’s plan to revive Malaysia’s economy to ensure that the nation’s industries remain sustainable and the livelihoods of people are protected.

Dato’ Azman has also led MIDA to actively re-engineering MIDA’s business processes to keep up with innovative and agile ways of working in this age of digitisation. The increased efficiency of the various functions of the organisation will enhance core business activities and visibility as well as strengthen the strategic planning and policy advocacy capacity.

This was particularly crucial during the pandemic as MIDA remained resilient and responsive in providing advice and support to the existing and potential investors despite the international border closures and restrictions in movement and gathering imposed. In 2020, MIDA successfully held over 500 online engagements with local and foreign stakeholders to update on the latest policy changes due to the pandemic through various online platforms and digital tools to ease investors and sustain confidence in Malaysia during the challenging time.

Moreover, on 23 March 2021, the Business Travellers’ Centre in KLIA was launched as part of the One Stop Centre (OSC) initiative by MIDA to ease the movement of business travellers during the pandemic by expediting the approval of their entry into Malaysia, as Malaysia embarks on the path of revitalisation. This Centre assumes a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth by enabling business travellers’ movement to do their business in Malaysia during the pandemic.

Most recently on 26 March 2021, MIDA’s InvestMalaysia Portal went live to the public. Serving as a single entry point for the stakeholders by offering 10 modules for online application submission, 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 the organisation prepares itself for a smooth transition for the future, all MIDA Management and staff would like to express their sincere appreciation to Dato’ Azman for his contributions and dedication to the organisation and the country. MIDA will continue Dato’s Azman and his predecessors’ legacies to ensure MIDA remains a world class Investment Promotion Agency to cement Malaysia’s position as the pre-eminent preferred investment destination, under Mr. Arham’s leadership.

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

Dato’ Azman Mahmud Retires after 32 Years of Service for the Nation; Mr. Arham Abdul Rahman Helms Position as New CEO of MIDA

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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

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

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