Important Update: Streamlined Payments Process On InvestMalaysia Portal
Content Type:
Duration:
|
|
This site
is mobile
responsive
Important Update: Streamlined Payments Process On InvestMalaysia Portal
Content Type:
Duration:
Kuala Lumpur, 12 February 2025 —The Malaysian Investment Development Authority (MIDA) and BEYOND4 Sdn. Bhd. signed a Memorandum of Understanding (MoU) today to support high-growth SMEs while strengthening the domestic talent development across Malaysia, aligning with the country’s aspiration to be a hub for digital innovation and entrepreneurial growth. This strategic partnership will focus on empowering local companies to transition to tech-driven models, fostering business expansion, and developing a skilled workforce for the future economy.
The signing ceremony at MIDA headquarters brought together MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid and BEYOND4 CEO Mr. S.T. Rubaneswaran, marking the beginning of this strategic alliance.
In his opening remarks, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised the importance of this partnership in shaping Malaysia’s innovation and business landscape. He stated, “This partnership is a direct response in providing the critical support structures required for start- ups to potentially grow into MSMEs or fill-up the technology gaps for SMEs, which then will expand beyond Malaysia and thrive in an increasingly competitive global market. MIDA has taken a proactive role in supporting SME growth—facilitating through our Domestic Investment Coordination Platform (DICP) to acquire funding, technology and research capability, as well as strengthening industry linkages to help them scale up and remain competitive.”
S.T. Rubaneswaran, CEO of BEYOND4, added, “Working together with MIDA, our target is to accelerate the growth of Malaysia’s high potential companies and to build a skilled workforce for the digital future.”
This partnership with Beyond4 is a key component of MIDA’s broader strategy to empower local companies to move-up the value chain in line with NIMP 2030. Working together, MIDA and Beyond4 will leverage resources and expertise to provide comprehensive support across several crucial areas: access to financial assistance and incentives; facilitated partnerships and collaborations with MNCs and research institutions; capacity building and skills development initiatives; infrastructure development to enhance digital connectivity; and ongoing policy advocacy and regulatory streamlining.
Additionally, this partnership will help to improve access to international markets, creating new opportunities for businesses and entrepreneurs alike. Most importantly, this initiative will lead to the creation of high-value jobs for locals, empowering individuals and communities while reinforcing substantial economic impact and resilience through increased of foreign and domestic investments.
– THE END –
About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About BEYOND4
Beyond4 (B4) is dedicated to fostering and expanding ecosystems across Southeast Asia, with a focus on talent development, enterprise innovation, and startup growth. As a recognized leader in Malaysia, we have extended our presence to Singapore and established strategic partnerships in India, the United Kingdom, France, Thailand, Hong Kong, Taiwan, and the Philippines.
Our unique accelerator models are tailored to help governments and enterprises address pressing challenges through innovative solutions. These models are developed within the robust partner network of the Beyond4 ecosystem and are delivered by a specialized team of experts to ensure impactful results.
We are at the forefront of establishing Malaysia and Southeast Asia as global hubs for innovation, growth, and entrepreneurship.
For more information, please contact:
MIDA
Mr. Awangku Fiarulnazri Awang Tajudin
Head of Corporate Strategy and Revenue Management
Phone: +603-2267 6682
Email: [email protected]
BEYOND4
Ms. Syarifah Syaidatul Izzati
Phone: +60179339787
Email: [email protected]
MIDA and BEYOND4 Partner to Accelerate Malaysia’s Talent Development and Enterprise Innovation Ecosystem
Content Type:
Duration:
Innovation and Sustainability Takes Centre Stage at MIDA and ALP’s Transformational Supply Chain Forum
Kuala Lumpur, 16 January 2025 – Today, over 150 industry leaders gathered at the Malaysian Investment Development Authority (MIDA), for the “Future of Supply Chains: Optimising, Planning, and Automating for Success” forum. Co-organised by MIDA and Ally Logistic Property (ALP), the event provided a platform to explore innovative solutions and opportunities for reshaping Malaysia’s supply chain landscape and driving digital transformation in logistics.
“Malaysia has always been recognised as a reliable and well-connected logistics hub but we are not stopping there – we are pushing boundaries. The country is well positioned to seize the opportunities created by global shifts in supply chains. However, to fully capitalise on these opportunities, we must ensure that our infrastructure and logistics services are equipped to meet evolving demands. The government is assuming a proactive role to encourage innovation through the introduction of the income tax exemption for Smart Logistics Complex companies in Budget 2025. This initiative promotes the adoption of the Industry 4.0 technologies in warehousing and logistics, driving smarter and more efficient operations,” said Mrs. Zalina Zainol, Deputy Chief Executive Officer (Investment Development) of MIDA.
“At MIDA, our efforts are focused on fostering innovation and sustainability. Initiatives like the Domestic Investment Accelerator Fund (DIAF) are instrumental in helping businesses, particularly SMEs, embrace smarter and greener practices. We are also committed to supporting the digital transformation of Malaysian logistics companies, especially in areas like e-commerce and e-fulfilment. As of September 2024, MIDA has approved 111 Integrated Logistics Services (ILS) projects worth RM12.85 billion and granted International Integrated Logistics Services (IILS) status to 301 companies. These milestones demonstrate our unwavering commitment to driving growth in the logistics sector,” she added.
ALP Omega 1 Bukit Raja is backed by the Employees Provident Fund (EPF), which holds a 70% stake in the project. This strategic investment underscores Malaysia’s commitment to combining global expertise with local institutional strength to advance the nation’s supply chain capabilities.
“ALP is honoured to collaborate with MIDA, Selangor Freight Forwarders and Logistics Association (SFFLA), and Malaysia Retail Chain Association (MRCA) for this landmark forum. The integration of smart technologies into logistics is not just the way forward—it is a game-changer that will shape the future of our industry. ALP is passionate about driving innovation and sharing our expertise to elevate Malaysia’s logistics sector to a world-class standard,” said Mr. Charlie Chang, CEO of Ally Logistic Property.
The forum featured two high-impact sessions addressing the industry’s most critical challenges and opportunities.
The first session, “Supply Chain Optimisation and Planning,” moderated by ALP, brought together logistics powerhouses SPX Express, Xin Hwa Supply Chain, and Ninja Van. Insights were shared on supply chain diversification and flexibility, emphasising strategies to enhance workflows and drive efficiency, focusing on leveraging digital transformation to accelerate business growth, including optimising transport networks through multi-modal systems within smart warehouses. Highlighting experiences on the implementation of cross-border tracking solutions, advanced inventory management, and restocking strategies, all aimed at improving operational efficiency, minimising costs, and enhancing last-mile delivery performance.
The second session, “Integration and Automation in Supply Chain,” led by Bizsphere, featured compelling thought leaders from 7-Eleven Malaysia, Ally Transport and Quicktron Singapore. Key insights shared included the critical factors to consider when selecting robots and software for logistics operations. The discussion also explored the challenges of implementing automation in frontline logistics and transportation, alongside the rapid development of new technologies and their potential applications in the industry. Additionally, the session examined ROI timelines for automation investments, providing a comprehensive overview of the value and impact of these advancements.
Participants gained invaluable hands-on exposure to cutting-edge technologies and witnessed live demonstrations throughout the forum. The event served as a powerful platform for strategic partnership building during targeted networking sessions, and offered comprehensive insights into government initiatives supporting automation and digitalisation.
-END-
About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About ALP
ALP, Taiwan’s leading provider of smart warehousing solutions, excels in property development, automation integration, and comprehensive logistics services. Since its inception in 2014, ALP has developed six state-of-the-art logistics parks, managing over 814,000 square meters of space, solidifying its position as one of Taiwan’s largest warehousing portfolios.
Expanding into Southeast Asia, ALP is setting new benchmarks in smart logistics infrastructure with OMEGA 1 Bukit Raja, Malaysia, home to the region’s largest AS/RS warehouse capable of accommodating 100,000 pallet positions. By integrating advanced automation and IT systems through its Infrastructure-as-a-Service (IaaS) approach, ALP steadily remains at the forefront in transforming the industry. For more information, please visit https://www.alp.global/en/malaysia and follow us on Facebook, Linkedin and YouTube channel.
For more information, please contact:
MIDA
Ms. Habibah Enok
Director, Oil and Gas, Maritime and Logistic Services Division, MIDA
Email: [email protected]
Tel.: +603-2267 3539
ALP
Mr. Shahril Ghazali
Vice President, Business Development
Email : [email protected]
Tel.: +60 10 2028686
Pn. Zalina Zainol,Deputy Chief Executive Officer (Investment Development) of MIDA
Group picture of SFLA, MIDA, ALP and MRCA
Future of Supply Chains: Malaysia’s Strategic Move Toward Logistics Innovation
Content Type:
Duration:
Kulim, Malaysia, 15 January 2025 – The Malaysian Investment Development Authority (MIDA) and Infineon Technologies (Kulim) Sdn. Bhd. have jointly curated a Local Vendor Development Programme yesterday, a new initiative aimed at enhancing the capabilities of local companies to support the growing semiconductor industry in Malaysia. The programme is designed to provide opportunities and support to local suppliers by developing their capabilities, ultimately contributing to a more sustainable and resilient semiconductor ecosystem in Malaysia.
The programme, launched recently, received overwhelming response, with over 190 registered vendors as participants, comprising 139 companies. The event featured a briefing on Infineon’s procurement requirements and discussions with participating vendors. Esteemed guests included YBhg. Datuk Hanifi Sakri, Deputy Secretary General (Industry), Ministry Investment, Trade and Industry, Mr. Faizal Jalaludin, Executive Director, Investment Promotion, MIDA and Infineon Kulim’s Sr. Vice President and Managing Director, Mr. Ng Kok Tiong.
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), lauded the programme’s timeliness and strategic importance, “Congratulations to MIDA and Infineon for putting together a public-private programme aimed at enabling Malaysian companies to harness advanced manufacturing technologies, including AI, and smart connectivity solutions. This is exactly the kind of initiative envisaged by the New Industrial Master Plan (NIMP) 2030 and National Semiconductor Strategy towards strengthening our industrial ecosystem. As we empower local vendors to integrate cutting-edge technologies and drive efficiency within global companies’ supply chains, Malaysia will also be in a better position to benefit from the AI revolution, while attracting further investments into the country. The MIDA-Infineon partnership is also a key proof point of MITI’s dedication in fulfilling the MADANI Government’s promise to implement broad-based reforms for Malaysia’s inclusive and sustainable growth.”
“Developing a resilient and competitive semiconductor ecosystem requires both technological advancement and human capital development,” Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA further explained. “At MIDA, we’re providing local suppliers with structured platforms to enhance their technological capabilities while ensuring their workforce is equipped with the skills needed for next-generation semiconductor manufacturing.”
He added, “Through our partnership with Infineon, we’re fostering high-value collaborations that drive industrial transformation and competitiveness. But we understand that sustainable growth requires more than just technological advancement. It requires people who can lead and anchor these changes.”
During the event, Mr. Ng Kok Tiong emphasised Infineon Kulim’s commitment to supporting local vendors in understanding the complex requirements of high-technology wafer fab manufacturing. He stated, “By creating a pool of vendors who can provide high-value and reliable services, we can directly support our growth in Malaysia. Sustainable vendor development is crucial in today’s dynamic and challenging business environment.”
In August 2024, Infineon inaugurated the first phase of its highly efficient 200-millimeter silicon carbide (SiC) power fab in Kulim. This investment is significantly strengthening the local semiconductor ecosystem and solidifying Infineon’s role as a reliable partner within the growing semiconductor hub in Malaysia. Infineon has deep roots in Malaysia, going back to the year 1973 when the backend-site in Melaka was launched.
As part of the programme, participating companies received a comprehensive overview of various aspects of wafer fab semiconductor business at Infineon Kulim, including indirect materials and services.
*****
For more information, please contact:
MIDA
Mr. Mohd Mazlan Mokhtar
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 6655
Infineon
Andre Tauber (Headquarters)
+49 89 234 23888
[email protected]
Agnes Toan (Americas)
+1 408 250 1814
[email protected]
Lin Zhu (Greater China)
+86 21 6101 9199
[email protected]
Yasuyuki Kamiseki (Japan)
+81 3 4595 7079
[email protected]
Investor Relations:
+49 89 234 26655
[email protected]
YBhg. Datuk Hanafi Sakri – Deputy Secretary General (Industry) of MITI
Mr. Faizal Jalaludin – Executive Director, Investment Promotion of MIDA
Mr. Mohd Mazlan Mokhtar – Director of Electrical and Electronics Division of MIDA
139 Malaysian Companies to Benefit from MIDA And Infineon’s Vendor Development Programme, Creating A More Resilient Semiconductor Ecosystem in Malaysia
Content Type:
Duration: