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The Malaysian Investment Development Authority (MIDA) will strengthen its role in facilitating green investments and business linkages at the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2026, taking place from 7 to 9 October 2026 at the Kuala Lumpur Convention Centre (KLCC).

As a longstanding strategic partner of IGEM since 2010, MIDA continues to drive Malaysia’s transition toward a sustainable economy by actively promoting high-impact green investments. At IGEM, MIDA will host its dedicated pavilion at Hall 1 (Booths 1088–1093), serving as a one-stop hub for end-to-end business facilitation. Visitors and prospective investors can connect directly with MIDA to explore green technology incentives—such as the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE)—and discover strategic opportunities across renewable energy, decarbonization, and ESG-aligned projects.

The MIDA Pavilion will showcase Malaysia’s investment opportunities in green technology, renewable energy and the broader energy transition, while providing investors and industry players with an opportunity to engage directly with MIDA on investment facilitation and available incentives.

The MIDA Pavilion is supported by six Gold Partners, which will be present at the pavilion. Our partners are Pekat Group Berhad, EPE Switchgear (M) Sdn. Bhd., LuMIC Development Sdn. Bhd., SPD Tech Valley Sdn. Bhd., Kulim Technology Park Corporation Sdn Bhd. and Tamco Switchgear Sdn. Bhd.

The pavilion is also supported by four Silver Partners, ReNikola Sdn. Bhd., Ramatex Textiles Sdn. Bhd., Gading Kencana Sdn. Bhd. and Shizen Malaysia Sdn. Bhd.

The strong participation of these industry partners reflects the close collaboration between MIDA and the private sector in advancing Malaysia’s green investment ecosystem and supporting the country’s energy transition agenda.

Through the MIDA Pavilion, investors, project developers and Malaysian companies will have opportunities to engage with MIDA and explore potential investment and business linkages across the green technology and renewable energy value chains.

Visit the MIDA Pavilion at Hall 1, Booth No. 1088–1093, and discover how MIDA can support your investment and business expansion opportunities in Malaysia.

Connecting Investors with Malaysia’s Renewable Energy Supply Chain

As part of IGEM 2026, MIDA will also organise its inaugural Renewable Energy Supply Chain Programme on 8 October 2026 (Thursday), from 11.15 a.m. to 4.30 p.m. at the Hospitality Lounge, Hall 1.

For the first time, MIDA is introducing a dedicated supply chain programme focused specifically on renewable energy, building on its established supplier-matching approach to connect Malaysian businesses with anchor companies.

The programme is designed to strengthen local participation in the renewable energy value chain and create opportunities for Malaysian companies to integrate into the supply chains of major renewable energy projects.

The programme will feature a Supply Chain Forum and Business Matching Session, providing a platform for targeted engagements between anchor companies and Malaysian businesses to explore potential collaboration, supply opportunities and business partnership.

About IGEM 2026

The International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2026 will take place from 7 to 9 October 2026 at the Kuala Lumpur Convention Centre (KLCC) under the theme “Race Towards Net Zero: Action Beyond Boundaries.” The 17th edition of IGEM brings together industry players, policymakers, investors, technology providers and other stakeholders to showcase innovative green technologies, sustainable solutions and opportunities across the green economy.

As one of Southeast Asia’s leading green technology platforms, IGEM 2026 is expected to feature approximately 450 exhibition booths, attract 60,000 visitations, welcome participation from 50 countries, and generate RM22.5 billion in potential business leads. The event will feature exhibitions, conferences, business matching and networking opportunities, providing a platform for collaboration, investment and knowledge exchange.

The theme, “Race Towards Net Zero: Action Beyond Boundaries,” reflects the growing need to accelerate climate action through stronger collaboration across industries, sectors and countries. IGEM 2026 aims to highlight practical solutions, technologies and partnerships that can support the transition towards a net-zero and more sustainable future.

For detailed event information, please visit: https://www.igem.my/

IGEM 2026

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KUCHING, 29 September 2026 – The Sarawak Government today launched the Sarawak Global Supply Chain and Sourcing Programme 2026 at the Pullman Hotel, Kuching, reaffirming its commitment to strengthening industrial linkages, developing local enterprises, and enhancing Sarawak’s participation in regional and global supply chains.

The inaugural programme, aimed at building a more resilient supply chain ecosystem in Sarawak, was officiated by The Honourable Datuk Amar Haji Awang Tengah bin Ali Hasan, Deputy Premier of Sarawak, Minister for International Trade, Industry and Investment, and Second Minister for Natural Resources and Urban Development Sarawak.

Led by the Ministry of International Trade, Industry and Investment (MINTRED) and the Malaysian Investment Development Authority (MIDA), in collaboration with the Malaysia External Trade Development Corporation (MATRADE), InvestSarawak, the
Regional Corridor Development Authority (RECODA), and the Sarawak Digital Economy Corporation (SDEC), the programme brings together multinational corporations (MNCs), anchor companies, investors, government agencies, and local enterprises to explore sourcing, procurement, and partnership opportunities.

In his keynote address, the Deputy Premier emphasised that Sarawak has entered a new phase of industrial development, where the focus extends beyond attracting investments to ensuring that these investments generate meaningful economic value through stronger local participation, technology transfer, skills development, and integration into global supply chains.

Sarawak’s investment momentum remains strong, having secured RM116 billion in approved investments across the primary, manufacturing, and services sectors between 2021 and 2025, with domestic investments accounting for 61 per cent of the total. The State also recorded RM10.8 billion in approved investments in the first half of 2026, reflecting continued investor confidence in Sarawak’s economic direction, infrastructure, and green energy capabilities. MIDA continues to work closely with the Sarawak Government and relevant agencies to facilitate high-quality investments, strengthen local sourcing, and create greater opportunities for Sarawak-based companies to participate more meaningfully in regional and global supply chains.

The Honourable Datuk Amar Haji Awang Tengah bin Ali Hasan highlighted the importance of developing a comprehensive industrial ecosystem around major investments, particularly in strategic sectors such as advanced manufacturing and semiconductors, green energy, downstream oil and gas and petrochemicals, green metals, hydrogen and clean technologies, the digital economy and artificial intelligence, aerospace and precision engineering, as well as agriculture and food manufacturing.

He encouraged Sarawakian enterprises to seize the opportunities presented by the programme by enhancing competitiveness, embracing digital transformation, investing in technology, adopting international standards, and strengthening workforce capabilities to meet global market demands.

The programme also serves as a platform for multinational corporations and anchor companies to strengthen engagement with local suppliers and service providers, fostering long-term commercial partnerships and developing a more resilient and diversified supply chain ecosystem in Sarawak.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “Our focus is not only attracting anchor investments, but also on ensuring that these investments open up more opportunities for local companies. Through this programme, we are bringing anchor companies and Sarawak-based businesses together to better understand procurement requirements, identify capability gaps, and build stronger business linkages. We want to see more Sarawak companies become suppliers and partners to these investors, strengthen their capabilities, and ultimately position themselves to participate in regional and global supply chains. MIDA will continue to work closely with the Sarawak Government and our strategic partners to help make this happen.”

“This reflects the spirit of #InvestLokal – ensuring that investments translate into stronger local capabilities, deeper industry linkages and greater opportunities for Malaysian businesses,” he added.

According to the Deputy Premier, collaboration among industry players, government agencies, financial institutions, academia, and technology providers is essential to building a competitive industrial environment that supports sustainable economic
growth.

The two-day programme features networking sessions, knowledge-sharing forums, business matching engagements, and business clinics designed to facilitate collaboration between local enterprises and global industry players. With attendance of more than 300 participants, the programme aims to turn business connections into tangible commercial outcomes, including supplier development, investment opportunities, technology transfer, and job creation.

In concluding his address, The Honourable Datuk Amar Haji Awang Tengah bin Ali Hasan called on all stakeholders to work to strengthen Sarawak’s industrial ecosystem and enhance the State’s position as a strategic and reliable hub within regional and
global supply chains. He then officially launched the Sarawak Global Supply Chain and Sourcing Programme 2026.

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA

-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 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 https://www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok
and YouTube channels.

FOR MEDIA ENQUIRIES, PLEASE CONTACT:

Media Contacts
Puan Rozita Ibrahim
Director, Domestic Investment Division
Tel: (603) 2267 3498
Email: [email protected]

About MINTRED

The Ministry of International Trade, Industry and Investment Sarawak (MINTRED) is the Sarawak Government ministry responsible for driving industrial development, facilitating investment, promoting international trade and supporting the growth of
SMEs and entrepreneurs. The Ministry plays a key role in positioning Sarawak as a preferred investment destination and trading partner by facilitating business and investment opportunities, strengthening industry capabilities and supporting the State’
s overall economic development.

Media contacts
Ms. Lo Sheau Sia
Deputy Permanent Secretary
Tel: 082-495748
Email: [email protected]

MINTRED and MIDA Launch Sarawak Global Supply Chain andSourcing Programme 2026 to Connect Local Businesses with Regional and Global Value Chains

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Strengthening collaboration to promote Malaysia as a premier investment destination across ASEAN, China, Korea and Taiwan through OCBC’s network.
Supporting the development of local business ecosystems and connecting Malaysian companies to regional and global supply chains to reinforce Malaysia’s position as a preferred investment hub in ASEAN.

Kuala Lumpur, 28 September 2026 – OCBC Bank (Malaysia) Berhad and its Islamic banking subsidiary OCBC Al-Amin Bank Berhad (collectively, OCBC Malaysia) and the Malaysian Investment Development Authority (“MIDA”) today signed a Memorandum of Understanding (MOU) to attract sustainable, high-value investments from ASEAN, China, Korea and Taiwan and support the development of local business ecosystems.

The partnership combines MIDA’s expertise in investment promotion and facilitation with OCBC Malaysia’s banking and financing capabilities, and extensive regional network, to advance the objectives of the MOU.

The MOU was signed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA; Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad; and Tuan Syed Abdull Aziz Syed Kechik, Chief Executive Officer of OCBC Al-Amin Bank Berhad.

Activities Under the MOU

Under the MOU, both parties will collaborate on market outreach, investment missions and industry engagements, share investor leads and market insights, and undertake knowledge-sharing and capacity-building initiatives, alongside joint promotional activities to showcase Malaysia’s value proposition to prospective investors.

As part of efforts to strengthen the local business ecosystem, OCBC Malaysia and MIDA will facilitate strategic partnerships and business-matching opportunities between anchor investors and local enterprises, including SMEs. OCBC Malaysia will also provide tailored financing solutions, tapping on the broader OCBC Group ecosystem, to support investments, capacity building and business growth. The partnership builds on a longstanding relationship between the two organisations.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “Attracting quality investment is only part of the equation. The real measure of success is the lasting value these investments create for Malaysian businesses and talent. Through this partnership with OCBC Malaysia, we can reach investors earlier, connect them with the right local partners, and draw on OCBC’s regional network to showcase Malaysia’s strengths to key growth markets. Together, we aim to attract investments that advance the high-value sectors under NIMP 2030, including advanced manufacturing and renewable energy, while helping local companies build the financial, technical and ESG capabilities they need to grow and integrate into regional and global supply chains.”

Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad, said “Through our OCBC One Connect platform, we will leverage our extensive regional network and will work closely with MIDA to showcase Malaysia’s strengths and opportunities to a broader pool of investors spanning ASEAN, China, Korea and Taiwan. Equally important, we want to ensure these investments deliver meaningful and lasting economic benefits by enabling Malaysian companies to participate more actively in the opportunities they create, whether through strategic business partnerships, or integration into global and regional supply chains. Through this collaboration, we aim to support a more vibrant and resilient business ecosystem that contributes to Malaysia’s long-term economic development.”

Beyond investment promotion and ecosystem development, both organisations will collaborate on professional development and knowledge exchange in areas such as financial analysis, risk management, and environmental, social and governance (ESG) practices.

(From left to right): Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad; Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA and Tuan Syed Abdull Aziz Syed Kechik, Chief Executive Officer of OCBC Al-Amin Bank Berhad

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA

Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit
www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and
YouTube.

FOR MEDIA ENQUIRIES, PLEASE CONTACT:

MIDA
Ms. Lim Ming Yee
Director, Foreign Investment Division, MIDA
Email: [email protected]
Tel: +60322673762

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.

The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 390 branches and representative offices in 19 countries and regions.

OCBC offers Islamic banking products and services in Malaysia through its wholly-owned subsidiary, OCBC Al-Amin Bank Berhad.

For more information, please visit www.ocbc.com.my

For media queries, please contact:

Ann Lim
Head
Brand and Communications
OCBC
HP: 012- 629 0977
Email: [email protected]

Sharie Elina Ibrahim
Executive Director
Brand and Communications
OCBC
HP: 012 – 6826 300
Email:
[email protected]

MIDA and OCBC Malaysia Sign Strategic Partnership to AttractQuality Investments and Strengthen Local Business Ecosystems

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New Gurun, Kedah Facility to Support 300,000-Tonne Annual Capacity and Strengthen Malaysia’s Regional Manufacturing and Supply Chain Position

KEDAH, MALAYSIA, 24 September 2026 – LB Group Co., Ltd. (SZ: 002601), a global leader in titanium dioxide (TiO2) and advanced inorganic chemical materials, today marked a significant milestone in its international expansion with the groundbreaking ceremony for its Malaysian subsidiary, LB Advanced Material Asia Sdn. Bhd., at the Gurun Heavy Industrial Park (GHIP), Kedah.

Spanning 60.1 acres, the new facility represents a total investment of RM1 billion (approximately USD245 million), with RM600 million investment for Phase 1. The facility will be developed in phases, with a planned annual production capacity of
300,000 tonnes upon completion, strengthening LB Group’s manufacturing footprint and supply chain capabilities in Southeast Asia.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said, “LB Group’s decision to establish its manufacturing facility in Gurun, Kedah, is a strong vote of confidence in
Malaysia’s industrial ecosystem and our potential as a regional manufacturing hub. Its investment in titanium dioxide (TiO2) and advanced inorganic chemical materials will strengthen our capabilities in high-value manufacturing and contribute to the
development of a more complex and resilient chemical industry, in line with the New Industrial Master Plan 2030 and the Chemical Industry Roadmap 2030. MIDA together with the Kedah State Government will continue to facilitate the project’s
implementation, strengthen linkages with local suppliers and maximise the wider economic opportunities arising from this investment.”

Mr. Liang Sun, Director of LB Advanced Materials Asia Sdn. Bhd. emphasised, “Malaysia offers exceptional strategic advantages, robust heavy industrial infrastructure, and a welcoming investment environment. Gurun’s direct access to major highway and rail networks seamlessly connects us to Penang Port, ensuring optimal export efficiency. Establishing LB Advanced Material Asia allows us to better serve our regional and global clients while navigating international trade dynamics with greater flexibility.”

As a leading global manufacturer of titanium dioxide, LB Group operates an integrated value chain covering titanium minerals, titanium dioxide and titanium sponge, alongside businesses in zirconium products and new energy materials. Its flagship 2 BILLIONSTM brand serves more than 1,500 clients globally across a wide range of applications, including coatings, plastics, inks and paper.

The project is expected to create over 300 skilled employment opportunities for Malaysians while contributing to the development of Kedah’s industrial and chemical manufacturing ecosystem.

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit
www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and
YouTube.

About LB Group
Founded in 1955 and headquartered in Jiaozuo, Henan Province, China, LB Group is listed on the Shenzhen Stock Exchange (SZ: 002601). The group specializes in titanium dioxide ( TiO2 ), sponge titanium, zirconium products, and new energy materials, with an annual TiO2 capacity exceeding 1.51 million tonnes.

FOR MEDIA ENQUIRIES, PLEASE CONTACT:

MIDA
Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Material Division
Email: [email protected]
Tel.: +603- 2267 6701

LB Group
Sun Liang
Director, LB Advanced Material Asia Sdn. Bhd.
E: [email protected]
T: +6017-2900586

LB Group Komited Melabur RM1 Bilion, Memperkukuh Industri Bahan Kimia Termaju Malaysia

Fasiliti Baharu di Gurun, Kedah Menyokong Kapasiti Pengeluaran Tahunan 300,000 Tan dan Memperkukuh Kedudukan Malaysia dalam Industri Perkilangan serta Rantaian Bekalan Serantau

KEDAH, MALAYSIA, 24 September 2026 – LB Group Co., Ltd. (SZ: 002601), pengeluar terkemuka global dalam pengeluaran titanium dioksida (TiO2) dan bahan kimia bukan organik termaju, hari ini mencatat satu lagi pencapaian penting dalam
pengembangan antarabangsa Kumpulan itu menerusi upacara pecah tanah bagi anak syarikatnya di Malaysia, LB Advanced Material Asia Sdn. Bhd., di Taman Perindustrian Berat Gurun (GHIP), Kedah.

Fasiliti baharu yang dibangunkan di atas Kawasan seluas 60.1 ekar ini melibatkan jumlah pelaburan sebanyak RM1 bilion (kira-kira USD245 juta), dengan pelaburan sebanyak RM600 juta bagi Fasa 1. Fasiliti ini akan dibangunkan secara berfasa
dengan kapasiti pengeluaran sehingga 300,000 tan setahun apabila siap sepenuhnya,sekali gus memperluas kehadiran operasi LB group serta memperkukuh keupayaan rantaian bekalannya di Asia Tenggara.

Ketua Pegawai Eksekutif Lembaga Pembangunan Pelaburan Malaysia (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, berkata, “Keputusan LB Group untuk menubuhkan kemudahan pembuatan di Gurun, Kedah merupakan keyakinan yang
kukuh terhadap ekosistem perindustrian Malaysia serta potensi negara sebagai hab pembuatan serantau. Pelaburan dalam titanium dioksida dan bahan kimia bukan organik termaju ini akan memperkukuh keupayaan Malaysia dalam pembuatan bernilai tinggi serta menyumbang kepada pembangunan industri kimia yang lebih kompleks dan berdaya tahan, selaras dengan Pelan Induk Perindustrian Baharu 2030 (NIMP 2030) dan Pelan Hala Tuju Industri Kimia 2030. MIDA bersama Kerajaan Negeri Kedah akan terus memudah cara pelaksanaan projek ini, memperkukuh hubungan dengan pembekal tempatan serta memaksimumkan manfaat ekonomi yang lebih luas daripada pelaburan ini.”

Pengarah LB Advanced Material Asia Sdn. Bhd., En. Liang Sun, berkata, “Malaysia menawarkan kelebihan geografi yang strategik, kemudahan infrastruktur industri berat yang komprehensif, serta persekitaran pelaburan yang kondusif. Lokasi di Gurun
dengan akses melalui Lebuhraya Utara-Selatan dan rangkaian rel menghubungkan secara terus ke Pelabuhan Pulau Pinang. Penubuhan LB Advanced Material Asia membolehkan kami melayani pelanggan global dan regional dengan lebih berkesan
sambil meningkatkan ketahanan rantaian bekalan global kami.”

Sebagai peneraju global dalam pengeluaran titanium dioksida, LB Group mengendalikan rantaian nilai bersepadu yang merangkumi mineral titanium, titanium dioksida dan span titanium, selain perniagaan dalam produk zirkonium dan bahan
tenaga baharu. Jenama utamanya, BILLIONSTM, membekalkan produk kepada lebih 1,500 pelanggan di seluruh dunia bagi pelbagai aplikasi, termasuk salutan, plastik, dakwat dan kertas.

Projek ini dijangka mewujudkan lebih 300 peluang pekerjaan berkemahiran kepada rakyat Malaysia, di samping menyumbang kepada pembangunan ekosistem perindustrian dan pembuatan bahan kimia di Kedah.

-TAMAT

Mengenai MIDA
MIDA adalah agensi promosi dan pembangunan pelaburan utama Kerajaan di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI) untuk menyelaras dan menggalakkan pelaburan ke dalam sektor perkilangan dan perkhidmatan di Malaysia.
Beribu pejabat di Kuala Lumpur Sentral, MIDA mempunyai 12 pejabat wilayah dan 20 pejabat luar negara. MIDA terus menjadi rakan strategic bagi perniagaan dalam merebut peluang yang timbul dari revolusi teknologi pada era masa kini. Untuk
maklumat lebih lanjut, sila layari www.mida.gov.my/ dan ikuti kami di saluran on X, Instagram, Facebook, LinkedIn, TikTok dan YouTube.

Mengenai LB Group
Ditubuhkan pada tahun 1955 dan beribu pejabat di Jiaozuo, Wilayah Henan, China, LB Group disenaraikan di Bursa Saham Shenzhen (SZ: 002601). Kumpulan ini pakar dalam pengeluaran titanium dioksida (TiO2), span titanium, produk zirkonium, dan
bahan tenaga baharu, dengan kapasiti tahunan TiO2 melebihi 1.51 juta tan.

UNTUK PERTANYAAN MEDIA, SILA HUBUNGI:

MIDA
Siti Halimaton Mohd. Rejab
Pengarah, Bahagian Kimia dan Bahan Termaju
Email: [email protected]
Tel.: +603- 2267 6701

LB Group
Sun Liang
Director, LB Advanced Material Asia Sdn. Bhd.
E: [email protected]
T: +6017-2900586

LB Group Commits RM1 Billion Investment, Strengthening Malaysia’s Advanced Chemical Industry

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KUALA LUMPUR, 14 September 2026 – The Malaysian Investment Development Authority (MIDA) today brought together government, industry and investment stakeholders at Data Centre Nexus (DCN) 2026 to advance Malaysia’s digital infrastructure ecosystem and explore opportunities arising from the rapid growth of artificial intelligence (AI), cloud computing and data centres.

Held for the second consecutive year under the theme “Advancing AI-Driven Digital Infrastructure and Sustainable Ecosystems,” this event convenes data centre operators, technology companies, government agencies, financial institutions and Malaysian supply chain companies to discuss the next phase of Malaysia’s evolving data centre ecosystem.

The event featured a keynote address by YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI), with Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Chairman of MIDA, delivering the luncheon remarks and Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, delivering the welcoming remarks.

From Investment to Economic Value

In his keynote address, YB Tuan Sim Tze Tzin highlighted the need for Malaysia’s digital infrastructure growth to translate into broader economic outcomes, particularly in AI adoption, home-grown innovation, skilled talent and higher-value jobs.

“As the scale and pace of investment increase, our priorities must evolve with the industry. The next phase is about what that capacity delivers — AI adoption, home-grown innovation, skilled talent and higher-value jobs. We want Malaysia recognised as a competitive, resilient and sustainable digital hub, where infrastructure, technology, talent and innovation converge to create high-value economic activity. The next phase must carry us from building capacity to building capability, from attracting investment to creating value, and from single projects to a whole ecosystem. Ultimately, our success will be measured not by the investment or capacity we attract, but by the capabilities we build, the businesses we strengthen and the opportunities we create for Malaysians.”

Malaysia has recorded RM385.7 billion in data-centre-related investments from 2021 to the first half of 2026, reflecting strong investor confidence in the country’s digital infrastructure capabilities. Major global operators and investors, including AWS, Microsoft, Google, Bridge Data Centres, DayOne, AirTrunk and Vantage Data Centres, have established or expanded their presence in Malaysia, particularly in Greater Kuala Lumpur and Johor.

For Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, the opportunity extends beyond the physical development of data centres to the wider economic spillover that can be built around them.

“Data centres are a critical driver of our digital and compute economy, but their true measure of success lies well beyond the data halls themselves. Attracting investment was only ever the first step. Our responsibility now is to build an industry that is sustainable, inclusive and enduring. Ultimately, we will not measure our success by the scale of investment we attract, but by the value we build around it – stronger Malaysian businesses, deeper local capabilities, and lasting opportunities for our people.”

The wider ecosystem spans engineering, construction, electrical systems, cooling, telecommunications, cybersecurity and logistics, creating opportunities for Malaysian companies to strengthen capabilities and participate in the ecosystem.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised that MIDA’s focus is increasingly centred on building an ecosystem that can capture greater value from the sector’s growth.

“This year, we are not only asking how we grow the industry, but how we create lasting value for Malaysia. AI is advancing at remarkable pace, and it rests on a foundation of computing power and digital infrastructure — yet that growth must be matched by responsibility, in how carefully we manage our energy, water and land, and in the capabilities, we build here at home. In the end, our goal is simple: we do not just want more data centres in Malaysia. We want an ecosystem that is competitive, innovative and sustainable.”

A Programme Built on Four Strategic Priorities

Building on the discussions from DCN 2025, this year’s programme focused on four strategic pillars shaping Malaysia’s next phase of digital infrastructure development:

AI-Driven Digital Infrastructure – strengthening compute capacity, connectivity and financing to support the growing demand for AI and digital services.
Sustainable and Resource-Efficient Infrastructure – advancing energy efficiency, renewable energy adoption, water stewardship and responsible data centre operations.
Local Ecosystem and Industrial Spillovers – strengthening domestic supply chains, creating skilled jobs and enabling Malaysian companies to build capabilities across the digital infrastructure value chain.
Digital Technology Accessibility – expanding cloud and digital technology across businesses and communities to support wider participation in the digital economy.

The programme featured industry discussions including “Building Malaysia’s Compute & Connectivity Future,” with representatives from Google, Bridge Data Centres, YTL AI Labs, Indah Water Konsortium and Tenaga Nasional Berhad.

The session “Developing Malaysia’s Data Centre Supply Chain & Industrial Ecosystem” brought together Cipta Industrial, Powerwell Holdings Berhad and Delta Electronics Solutions to discuss opportunities for Malaysian manufacturers to strengthen their capabilities in supporting the ecosystem.

Sustainability was explored through “Green Solutions for Sustainable Data Centre Operations,” featuring Princeton Digital Group, Digital Realty, Gading Kencana and Northern Solar Holdings Berhad, while “Financing Malaysia’s Digital Infrastructure Future” examined financing solutions with Citi and AmBank Group.

Afternoon sessions continued discussions on compute and connectivity, domestic supply chains, green energy and resource efficiency, and cloud and digital technology adoption, before concluding with the Executive Spotlight Series on the evolving cloud and compute landscape.

Connecting Global Players with Malaysian Businesses

A dedicated Business Matching session provided a platform for data centre companies and Malaysian businesses to explore potential partnerships and supply chain opportunities.

Following the inaugural DCN in 2025, which connected 8 data centre companies, and 17 supply chain companies, the 2026 session further strengthened linkages between global players and Malaysian businesses, with 14 data centre companies and 51 local vendors participating.

The key ecosystem companies participating included critical equipment manufacturers such as Panasonic, Delta Electronics, Dunham-Bush, Powerwell International, Cipta Industrial as well as service providers across the data centre value chain, including Gading Kencana, Ancom Energy, Northern Solar and Ditrolic Energy.

Building a Sustainable Digital Infrastructure Ecosystem

With data centre electricity demand projected to exceed 5,000 MW by 2035, sustainability remains central to the sector’s development. The Government has strengthened sustainability requirements through Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE) metrics, alongside renewable energy initiatives including the Corporate Green Power Programme (CGPP), Large Scale Solar (LSS) and Corporate Renewable Energy Supply Scheme (CRESS).

The Data Centre Task Force (DCTF), co-chaired by MITI and the Ministry of Digital, provides a coordinated mechanism to govern and facilitate data centre investments, with MIDA serving as the single focal point for new and expansion applications.

As the nation’s principal investment promotion and development agency, MIDA facilitates investments throughout the investment journey and, through #InvestLokal initiative, strengthens linkages between global investors and Malaysian businesses to expand local participation and build stronger domestic capabilities.

**From Left to Right**

1. Mr. Nicholas Chia, CEO of Aolani
2. Mr. Lee Yon Soon, General Manager, Commercial of YTL
3. Mr. Anushirwan Tun Ismail, Country Director, Malaysia K2
4. Ms. Lim Pei Jet, Board Member of MIDA
5. Ms. Yeoh Siew Peng, SVP Commercial Banking, AmBank (M) Berhad
6. Mr. Firdaus Fadzil, Head of Public Policy, Malaysia, ByteDance
7. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA
8. YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI)
9. Mr. Eric Fan, CEO of BDC
10. Mr. Vikram Singh, CEO of Citi
11. Mr. Amirul Ashraf Roslan, Resourcr Manager, DayOne
12. Mr. Ken Siah, Principal for Global Infrastructure, Asia Pacific, Google
13. Ms. Nabila Hussain, Director, Government Affairs & Public Policy, Microsoft

**From Left to Right**

1. Mr. Ch’ng Eng Yong, Country Manager, Malaysia, Delta
2. Mr.Asher Ling, Group CEO (Govt & Large Business), TNB
3. Mr. Rizwal Zakaria, Business Development Director, EdgeConneX
4. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA
5. YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI)
6. YBhg. Dato’ Guntor Tobeng, Group Managing Director, Gading Kencana Sdn. Bhd.
7. Mr. Tham Chee Aun, Group CEO of Ditrolic Energy8. Mr. Wong Jun Pin, CEO of Ancom Energy & Services Sdn. Bhd.
9. Mr. Wong Sang Sing, Operations Director of Norther Solar
10. Mr. Azman Abdullah, Deputy General Manager Marketing, Dunham-Bush Industries Sdn. Bhd.

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my/ and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

For media inquiries, please contact:

MIDA

Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations Division, MIDA
Email: [email protected]
Tel: 603-2263 2438

MIDA Charts Next Phase for Malaysia’s Data Centre Sector: From Attracting Investment to Building Value for SMEs and Malaysians

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New Shah Alam facility strengthens Malaysia’s chocolate-manufacturing capability, builds local technical expertise and supports future regional supply.

SHAH ALAM, 11 September 2026– Mondelēz International Mondelēz International today officially launched its completed RM 90 million Crumb Tower at the Cadbury Confectionery plant in Shah Alam. The company’s single largest investment at the site reinforces its long-term confidence in Selangor and Malaysia as a strategic base for advanced chocolate manufacturing.

The investment builds on more than 50 years of Mondelēz’s manufacturing presence in Selangor, where Cadbury products have been made since 1974. It strengthens the Shah Alam plant’s chocolate manufacturing capabilities through greater automation, advanced process technology and enhanced operational efficiency supporting Malaysia’s competitiveness in high-value food manufacturing.

Central to the investment is the production of chocolate crumb, a key building block in the chocolate-making process. Previously imported from markets including South Africa and Australia, crumb can now be produced locally in Shah Alam. This strengthens the site’s self-sufficiency, builds supply-chain resilience and creates capacity to support markets beyond Southeast Asia.

The Crumb Tower integrates three advanced manufacturing systems: a fully enclosed high-capacity powder handling system, a new-generation T-reactor, the first of its design in Malaysia and an advanced fat handling system engineered to rigorous process-safety standards. Together, they enable a highly automated and digitally controlled production process. The facility was designed to meet international quality and food-safety standards, with Halal requirements integrated at every stage of production.

The Crumb Tower was officially launched by YAB Dato’ Seri Amirudin bin Shari, Dato’ Menteri Besar Selangor, who recognised the investment as a reflection of Selangor’s continued ability to attract and retain high-value manufacturing activities.

“Mondelēz’s continued investment in Shah Alam reflects the confidence global companies place in Selangor’s industrial ecosystem and talent. Investments in advanced technology and local capabilities are important to strengthening Selangor’s position as a competitive destination for high-value manufacturing.”

Echoing the significance of the investment to Malaysia’s broader manufacturing landscape, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), who was also present at the launch, said, “MIDA is pleased to have supported Mondelēz International in the development of its Crumb Tower at the Cadbury manufacturing facility in Shah Alam This investment reflects the company’s continued confidence in Malaysia as a strategic manufacturing base, while demonstrating the value that quality investment can bring through advanced technology, local talent development, stronger domestic supply chains, and future export opportunities.

“Importantly, the localisation of chocolate crumb production strengthens Malaysia’s manufacturing capabilities and supply chain resilience. Food manufacturing remains one of our most resilient and fastest-growing sub-sectors — securing RM4.9 billion in approved investments in the first half of 2026,

a 40.9 per cent increase year-on-year. We welcome Mondelēz International’s continued commitment to Malaysia and its contribution towards strengthening our position as a competitive regional hub for high-value and halal food manufacturing.”

Simon Crowther, Managing Director of Mondelēz International Malaysia and Singapore, said the investment reflects the company’s confidence in Malaysia and the capabilities built at its Shah Alam operations over the past five decades. “The Crumb Tower reflects our continued commitment to investing in Malaysia and strengthening our manufacturing capabilities through advanced technology and local expertise. By producing crumb locally, we are building greater self-sufficiency while positioning Shah Alam to play a larger role within our regional manufacturing network.”

The Crumb Tower is a significant milestone for our Southeast Asia manufacturing and supply chain network. By bringing chocolate crumb production in-house at Shah Alam, we are not only strengthening supply-chain resilience and leveraging domestic production but also building world-class technical capabilities locally. The advanced systems we’ve integrated here — from the new-generation T-reactor to the automated powder and fat handling systems – set a benchmark for operational excellence. This positions the Shah Alam plant as a true reference site within our global manufacturing network and underscores our confidence in Malaysian talent and expertise.” Nitin Binnani, SEA MSC Director, Mondelez International added.

Beyond production capacity, the investment is designed to strengthen local technical capabilities. Increased automation reduces the need for manual powder and fat handling while expanding the use of process control, data analysis and sophisticated equipment maintenance. Malaysian engineers and operators have been trained to manage the new systems, developing specialised manufacturing expertise locally.

The project has also supported the development of Malaysian suppliers. Local suppliers involved in the technology are now qualified to support other Mondelēz sites globally, extending the impact of the investment beyond the plant and building capability across the local manufacturing ecosystem.

The launch of the Crumb Tower further strengthens the long-standing relationship between Mondelēz International and Selangor. Since establishing manufacturing operations in Shah Alam in 1974, the company has continued to invest in the site to serve Malaysian consumers as well as export markets.

With this latest investment, the Shah Alam facility is positioned as a reference plant for chocolate crumb operations within Mondelēz’s global manufacturing network demonstrating how advanced technology, Malaysian expertise and long-term investment can strengthen Malaysia’s role in regional and global manufacturing.

**From Right to left**
1. Puan Surayu Susah, Executive Director Manufacturing Development (Resource), MIDA
2. Simon Crowther, Managing Director of Mondelēz International Malaysia and Singapore
3. YAB Dato’ Seri Amirudin bin Shari, Dato’ Menteri Besar Selangor

###

About Mondelēz International (Malaysia)

Mondelēz International (Malaysia) is part of the Mondelēz International group of companies which empowers people to snack right in over 150 countries around the world, with a strong presence in Southeast Asia. With 2024 net revenues of approximately $36.4 billion, Mondelēz International is a member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index.

Mondelēz International is leading the future of snacking with iconic global and local brands such as Cadbury Dairy Milk chocolate, Cadbury Zip chocolate wafer, Cadbury 5 Star chocolate, Toblerone

chocolate, OREO cookies, Chipsmore cookies, Jacob’s biscuits, Tiger biscuits, Philadelphia cheese, Kraft cheese, Chacho’s chips, Chipster chips, Twisties snacks and many more. We’ve been part of Southeast Asia for more than 70 years, with operations in Malaysia, Indonesia, the Philippines, Singapore, Thailand and Vietnam. Our +7,000 colleagues work across our ten manufacturing locations (including plants in Shah Alam and Prai), two research and development technical centers and our sales and marketing network to create products that people can truly love and feel good about. From wholesome treats to indulgent bites, consumers can enjoy the right snack, for the right moment, made the right way.

Visit mondelezinternational.com and follow us on social media: facebook.com/mondelezinternational, instagram.com/mondelēz_international, linkedin.com/company/mondelezinternational and twitter.com/MDLZ

For media enquiry, please contact:

Mondelēz International (Malaysia)
Beatrice Wang
[email protected]

PR Agency: Archetype Agency Malaysia
Aisyah Adlina
[email protected]

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 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 https://www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

For media enquiries, please contact:

Ms. Wan Hariati Wan Salleh
Director, Food Technology and Resource Based Industries Division, MIDA
Email: [email protected]
Tel: +603 2267 6654

Mondelēz International Unveils MYR 90 Million Investment in Crumb Tower, Deepening Commitment to Selangor and Malaysia

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Kuantan, PAHANG, 8 September 2026 — Lembaga Pembangunan Pelaburan Malaysia (MIDA) terus memperkukuh usaha menarik dan memudah cara pelaburan ke Wilayah Pantai Timur menerusi kerjasama strategik bersama Kerajaan Negeri Pahang, Kelantan dan Terengganu serta lebih 10 agensi Kerajaan, bagi membuka lebih banyak peluang kepada pelabur dan syarikat tempatan.

Usaha ini diketengahkan menerusi Seminar Pelaburan Wilayah Pantai Timur 2026 bertemakan “Memacu Pembangunan Pelaburan dan Bumiputera di Koridor Pantai Timur”, yang berlangsung di AC Hotel by Mariott, Kuantan hari ini dan menghimpunkan lebih 400 peserta terdiri daripada syarikat tempatan, termasuk PKS dan Bumiputera, syarikat mid-tier, pelabur, pemain industri, institusi kewangan serta agensi Kerajaan.

Penyertaan pelbagai agensi strategik menerusi seminar dan sesi Klinik Perniagaan mencerminkan pendekatan menyeluruh kerajaan dalam menyediakan fasilitasi yang lebih komprehensif, termasuk membantu komuniti perniagaan menangani isu berkaitan kelulusan dan pelaksanaan projek, operasi perniagaan, utiliti, tenaga kerja dan percukaian.

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Ketua Pegawai Eksekutif MIDA

Ketua Pegawai Eksekutif MIDA, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, dalam ucaptama di seminar tersebut berkata, “Kehadiran pelabur, syarikat tempatan dan agensi Kerajaan di bawah satu bumbung pada hari ini mencerminkan komitmen bersama untuk mengetengahkan dan merealisasikan peluang pelaburan serta memperkukuh ekosistem industri di Wilayah Pantai Timur. Dari 2021 hingga Jun 2026, Pahang, Kelantan dan Terengganu merekodkan RM61.4 bilion pelaburan diluluskan, melibatkan 1,746 projek dan dijangka mewujudkan lebih 30,000 peluang pekerjaan. Ini menunjukkan potensi serta peluang pelaburan yang luas kepada para pelabur asing dan domestik di Wilayah Pantai Timur.

MIDA akan terus mempergiat usaha mengetengahkan peluang pelaburan di Pantai Timur, dengan sokongan berterusan agensi Kerajaan untuk merealisasikan minat dan hasrat pelaburan serta memastikan pembangunan di wilayah ini terus menyumbang kepada pertumbuhan ekonomi negara yang lebih inklusif dan seimbang, selaras dengan aspirasi Kerangka Ekonomi MADANI,” katanya.

YAB Dato’ Seri Ir. Dr. Ahmad Samsuri Mokhtar, Menteri Besar Terengganu merangkap Pengerusi Jawatankuasa Ekonomi, Kewangan, Pelaburan, Tanah dan Sumber Asli negeri berkata, Terengganu dan Wilayah Pantai Timur mempunyai potensi yang besar untuk menarik pelaburan baharu, khususnya dalam sektor bernilai tinggi.

“Wilayah Pantai Timur berpotensi berkembang sebagai koridor ekonomi dan pelaburan yang lebih berdaya saing, disokong oleh pembangunan infrastruktur strategik termasuk ECRL. Terengganu akan terus memperkukuh kerjasama dengan MIDA bagi menarik pelaburan berkualiti dalam sektor bernilai tinggi, di samping memastikan limpahan pertumbuhan ekonomi dapat dinikmati oleh rakyat serta membuka lebih banyak peluang kepada syarikat dan usahawan tempatan.”

Bagi Pahang, kekuatan ekosistem industri dan infrastruktur sedia ada terus menyediakan asas kukuh untuk menarik pelaburan bernilai tinggi. YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib, Pengerusi Jawatankuasa Pelaburan, Perindustrian, Sains, Teknologi dan Inovasi Negeri Pahang, berkata:

“Pahang mempunyai ekosistem industri dan infrastruktur yang kukuh, termasuk Pelabuhan Kuantan serta kawasan perindustrian sedia ada. InvestPahang juga sentiasa mencari ruang untuk menambah baik proses dan mempercepatkan kelulusan dalam konteks ‘ease of doing business’. Kerajaan Negeri akan terus bekerjasama dengan MIDA untuk menarik pelaburan bernilai tinggi dan memperluas peluang kepada syarikat tempatan.”

Sementara itu, YB Dato’ Mejar (B) Md Anizam Ab Rahman, Pengerusi Jawatankuasa Pelaburan, Perindustrian, Sumber Manusia, Perdagangan dan Keusahawanan Negeri Kelantan berkata kedudukan strategik Kelantan membuka peluang untuk memperkukuh perdagangan dan pelaburan serantau.

“Kedudukan Kelantan sebagai gerbang perdagangan dengan Thailand serta kekuatan dalam sektor halal, industri berasaskan sumber dan logistik menawarkan peluang baharu kepada pelabur. Kerajaan Negeri akan terus bekerjasama dengan MIDA untuk menarik pelaburan dan memperkukuh penyertaan syarikat tempatan dalam ekosistem pelaburan.”

ECRL PEMANGKIN PELABURAN WILAYAH PANTAI TIMUR

Antara tumpuan utama perbincangan seminar ialah peranan East Coast Rail Link (ECRL) sebagai pemangkin pertumbuhan pelaburan di Wilayah Pantai Timur. ECRL, yang dijangka mula beroperasi pada Januari 2027, bakal meningkatkan kesalinghubungan, kecekapan logistik serta akses kepada pasaran dan rantaian bekalan.

Perkembangan ini dijangka membuka ruang kepada aktiviti baharu di sepanjang koridor ECRL, termasuk hab logistik, pembangunan berorientasikan transit dan kargo serta projek industri dan ekonomi berkaitan.

MIDA akan terus bekerjasama dengan Kerajaan-kerajaan Negeri dan agensi berkaitan bagi mengenal pasti serta memudah cara peluang pelaburan yang dapat memanfaatkan pembangunan ECRL, di samping memperluas penyertaan syarikat tempatan dalam rantaian bekalan.

MEMPERLUAS PELUANG KEPADA SYARIKAT TEMPATAN

Menerusi seminar ini, MIDA menegaskan tumpuannya untuk memastikan pelaburan asing dan domestik menghasilkan limpahan kepada ekosistem tempatan, termasuk peluang dalam bidang pembekalan, logistik, penyelenggaraan, perkhidmatan teknikal, pemprosesan dan komponen.

Turut diadakan ialah sesi Apresiasi dan Showcase Pra-Penyenaraian yang mengiktiraf dua syarikat tempatan, iaitu FDI Group dari Pahang dan Upstream Downstream Process & Services Sdn. Bhd. dari Terengganu. Inisiatif ini berhasrat menggalakkan PKS dan syarikat mid-tier meneroka peluang IPO, meningkatkan kesedaran akses kepada pasaran modal sebagai sumber pertumbuhan, selain menjadi role model untuk syarikat-syarikat di Wilayah Pantai Timur.

Usaha ini turut diperkukuh menerusi inisiatif #investlokal yang diketengahkan MIDA, iaitu memperkukuh pelaburan domestik dan mengekalkan bakat tempatan supaya rakyat di wilayah ini terus berpeluang menyumbang kepada pertumbuhan di negeri-negeri Pantai Timur.

Dalam sesi Bicara Inspirasi pula, keupayaan syarikat tempatan seperti Ain Medicare Sdn. Bhd. dari Kelantan dan Elektro Serve (Malaysia) Sdn. Bhd. dari Terengganu turut diketengahkan sebagai contoh potensi syarikat tempatan untuk berkembang ke sektor bernilai tinggi dan pasaran lebih luas.

Menerusi sesi Klinik Perniagaan, lebih 10 agensi Kerajaan menyediakan akses terus kepada komuniti perniagaan dan pelabur. Lebih 70 syarikat telah mendapatkan khidmat fasilitasi meliputi aspek kelulusan, operasi, utiliti, tenaga kerja, cukai dan pelaksanaan projek.

MIDA akan terus memperkukuh kerjasama dengan Kerajaan Negeri Pahang, Kelantan dan Terengganu serta agensi strategik bagi memastikan Pantai Timur terus berkembang sebagai destinasi pelaburan yang berdaya saing, inklusif dan bernilai tinggi, di samping memperluas manfaat pertumbuhan kepada syarikat tempatan dan usahawan Bumiputera.

YH Dato’ Kamarul’arifin Bin Ahmad @ Abd Rahman, Pegawai Pelaburan Perniagaan Negeri Pahang

Dari Kiri ke Kanan:

YBrs. Encik Mohd Riduan Abd. Rahman, Pengarah Eksekutif (Fasilitasi Pelaburan) MIDA
YBrs. Encik Wan Zulfadli Syahman bin Wan, Pengarah Unit Perancang Ekonomi Negeri Kelantan
YH Dato’ Kamarul’arifin Bin Ahmad @ Abd Rahman, Pegawai Pelaburan Perniagaan Negeri Pahang
YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Ketua Pegawai Eksekutif MIDA
YBrs. Encik Mohd Fadhli Jusoh, Pengurus Unit Invest Terengganu
YBrs. Encik Faizal Jalaludin, Pengarah Eksekutif Penggalakan Pelaburan MIDA

-TAMAT-

Mengenai MIDA

MIDA adalah agensi promosi dan pembangunan pelaburan utama Kerajaan di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI) untuk menyelaras dan menggalakkan pelaburan ke dalam sektor perkilangan dan perkhidmatan di Malaysia. Beribu pejabat di Kuala Lumpur Sentral, MIDA mempunyai 12 pejabat wilayah dan 20 pejabat luar negara. MIDA terus menjadi rakan strategik bagi perniagaan dalam merebut peluang yang timbul dari revolusi teknologi pada era masa kini. Untuk maklumat lebih lanjut, sila layari www.mida.gov.my/ dan ikuti kami di saluran on X, Instagram, Facebook, LinkedIn, TikTok dan YouTube.

Untuk pertanyaan media, sila hubungi:

MIDA
Rozita Ibrahim
Pengarah, Bahagian Pelaburan Tempatan, MIDA
Emel: [email protected]
Tel: +603-2267 3479

MIDA Perkukuh Potensi Wilayah Pantai Timur Sebagai Destinasi Pelaburan Berkualiti Dan Bernilai Tinggi

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Penang, 4 September 2026 – SkyGate NHJ Technology Sdn. Bhd. has officially opened its new manufacturing facility in the Perai Free Industrial Zone, Penang, marking a step further in the company’s commitment to establishing a technology-driven precision engineering operation in Malaysia.

Established on 14 July 2025, SkyGate NHJ Technology Sdn Bhd is a joint venture between a subsidiary of Penang-based SkyGate Solutions Berhad and Singapore-based New Jin Hai Pte. Ltd. The partnership combines SkyGate Solutions’ local presence and network with New Jin Hai’s more than three decades of experience in precision engineering.

The new facility occupies approximately 36,000 square feet of manufacturing space and is designed to support digitalised CNC manufacturing, automation and advanced machining capabilities. The facility is equipped with advanced horizontal and 5-axis
CNC machining technologies to enhance manufacturing precision, productivity and efficiency.

YAB Mr. Chow Kon Yeow, the Chief Minister of Penang, said, “SkyGate NHJ Technology’s partnerships could create opportunities beyond investment in manufacturing capacity, including technology transfer, localisation and the development of new capabilities within Penang’s local ecosystem. Penang is home to more than 30 automated test equipment (ATE) companies, supported by over 80 ecosystem partners across automation, precision engineering and semiconductor manufacturing. SkyGate NHJ Technology’s precision manufacturing capabilities, serving sectors ranging from semiconductors and electronics to medical, optical and aerospace, position the company well to contribute to this wider high-technology ecosystem.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), said, “SkyGate NHJ Technology’s investment reflects the kind of collaboration Malaysia seeks to attract, one that brings together local participation with international expertise, technology and know-how. Beyond the investment itself, their partnership will strengthen local capabilities, nurture engineering talent and advance Malaysia’s aspiration under the New Industrial Master Plan (NIMP) 2030 to move towards higher-value and more technology-intensive manufacturing.”

“MIDA remains committed to supporting companies as they expand their operations and contribute to Malaysia’s advanced manufacturing ecosystem,” he added.

Mr. Li Jian, the CEO of SkyGate NHJ Technology, said, “We will leverage New HongJi’s core technological strengths in ultra-precision components, thin-wall and complex-shaped components, and the application of automation technologies, while
integrating these capabilities with Malaysia’s local manufacturing expertise and processes. Our goal is to establish a manufacturing benchmark that combines both efficiency and precision. We will also provide an open platform for local industry players to connect, exchange knowledge and learn from one another, while actively integrating into Penang’s industrial ecosystem. Through these efforts, we aim to create high-skilled employment opportunities, strengthen collaboration across the upstream and downstream supply chains, and contribute to the advancement of Penang’s manufacturing sector towards greater precision, efficiency, digitalisation and intelligent manufacturing.”

Caption: From left to right:
1. Mr. Zhu Lian (Makino China)
2. Mr. Neo Eng Chong (Makino Asia)
3. Mr. Tay Seng Chew (SkyGate Group)
4. YB H’ng Mooi Lye (Penang State Executive Council)
5. YAB Tuan Chow Kon Yeow (Chief Minister of Penang)
6. Mr. Jian Li (CEO of SkyGate NHJ)
7. Ms. Maiju Lepomäki (Embassy of Finland, Kuala Lumpur)
8. Mr. Goh Kiang Teng (SkyGate Group)

9. Mr. Mikko Nyman (CEO Fastems)

-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 20 overseas offices. MIDA
partners with investors at every stage of their journey, supporting sustainable growth
and long-term value creation for Malaysia. For more information, please visit
www.mida.gov.my/ and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok
and YouTube.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion
of investment. Its objectives are to develop and sustain Penang’s economy by
enhancing and continuously supporting business activities in the State through
foreign and local investments, including spawning viable new growth centers. To
realise its objectives, InvestPenang also runs initiatives like the SMART Penang
Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and
retention), Global Business Services (GBS) Focus Group (promoting and developing
digital economy), Penang Silicon Design @5km+ (establishing a unique and
interconnected ecosystem for IC design and technology enterprises), and Penang
ATE Campus (accelerating the codevelopment, qualification, and scaling of
Malaysian ATE solutions by enabling first-customer deployment). For more
information, please visit https://investpenang.gov.my/ and follow InvestPenang’s
social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About SkyGate NHJ Technology

SkyGate NHJ Technology is a joint venture between a subsidiary of Penang-based
SkyGate Solutions Berhad and Singapore-based New Jin Hai Pte. Ltd. Their
partnership will concentrate on producing metal forming machinery fabricating metal
components, and manufacturing machine tools. It aims to serve Malaysia’s growing
semiconductor industry, leveraging New HongJi’s fully digitalized production
processes.

For media enquiries, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
Email: [email protected]
Tel: +603-2267 6769

InvestPenang
Ms. Elaine Cheah / Ms. Ong Yih Hwa
Communications & Business Intelligence
Email: [email protected] / [email protected]
Tel.: +604-646 8833

SkyGate NHJ Technology
Mr. Yeoh Hooi Chong
Chief Operation Officer
Email: [email protected]
Tel.: +6010-219 1727

SkyGate NHJ Technology Sdn. Bhd. Opens New Manufacturing Facility in Penang

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Akses Terus Kepada Lebih 15 Agensi Kerajaan, Forum Pelaburan Bernilai Tinggi Dan Jaringan Bersama 300 Peserta Industri Dalam Satu Hari, Di Satu Lokasi.

Menghimpunkan syarikat tempatan dan Bumiputera, PKS, syarikat mid-tier, pelabur serta pemain industri dari Pahang, Kelantan dan Terengganu.
Memberi tumpuan kepada peluang pertumbuhan, peningkatan kapasiti, teknologi dan penyertaan syarikat tempatan dalam rantaian bekalan global.
ECRL diketengahkan sebagai pemangkin baharu pelaburan, logistik dan pembangunan ekonomi di sepanjang Koridor Pantai Timur.
Business Clinic menyediakan akses terus kepada lebih 15 agensi Kerajaan — termasuk Kastam, Imigresen, LHDN, PERKESO, TNB dan PLANMalaysia bagi membantu menangani isu operasi, pematuhan, tenaga kerja, kelulusan dan pelaksanaan projek.

Kuantan, Pahang, 2 September 2026 — Lembaga Pembangunan Pelaburan Malaysia (MIDA) akan menganjurkan Seminar Pelaburan Wilayah Pantai Timur 2026 bertemakan “Memacu Pembangunan Pelaburan dan Bumiputera di Koridor Pantai Timur” pada 8 September 2026 di AC Hotel, Kuantan, Pahang. Seminar ini menjadi platform untuk memperkukuh ekosistem pelaburan serta memperkasakan syarikat tempatan dan Bumiputera di Pahang, Kelantan dan Terengganu.

Menyasarkan penyertaan seramai 300 peserta, seminar ini akan menghimpunkan syarikat tempatan dan Bumiputera, Perusahaan Kecil dan Sederhana (PKS), syarikat mid-tier, pelabur, pemain industri, institusi kewangan serta agensi Kerajaan untuk meneroka peluang pertumbuhan baharu dan membina hubungan strategik di Wilayah Pantai Timur.

Seminar ini memberi fokus kepada peranan syarikat tempatan dalam membentuk ekosistem industri Pantai Timur yang lebih inklusif dan berdaya saing. MIDA mahu menggalakkan syarikat sedia ada untuk meningkatkan kapasiti pengeluaran, memperkukuh keupayaan teknologi, meningkatkan produktiviti dan bergerak ke arah aktiviti bernilai tambah lebih tinggi. Ini selaras dengan aspirasi Kerangka Ekonomi MADANI untuk memastikan manfaat pembangunan pelaburan dapat dirasai dengan lebih meluas oleh ekonomi dan masyarakat tempatan.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Ketua Pegawai Eksekutif MIDA, berkata, “Wilayah Pantai Timur mempunyai asas ekonomi dan industri yang kukuh serta potensi yang besar untuk berkembang sebagai koridor pelaburan yang lebih berdaya saing. Dengan peningkatan kesalinghubungan melalui ECRL, kekuatan sektor sedia ada serta peluang dalam sektor baharu dan bernilai tinggi, kita melihat ruang yang besar untuk syarikat tempatan dan Bumiputera berkembang bersama
pelaburan yang masuk ke rantau ini.”

“Yang paling penting, kita mahu PKS dan syarikat tempatan melihat perkembangan ini bukan hanya sebagai peluang untuk syarikat besar, tetapi sebagai peluang untuk mereka sendiri meningkatkan kapasiti, mengadaptasi teknologi, menjadi
pembekal kepada industri yang lebih besar dan menembusi pasaran baharu. Seminar ini merupakan salah satu platform untuk membantu mereka memahami peluang tersebut dan menghubungkan mereka dengan pihak yang boleh membantu
merealisasikannya,” tambah Datuk Sikh Shamsul Ibrahim.

Mengapa Anda Perlu Hadir

Memahami Kerangka Insentif Baharu (NIF) dan cara memohon insentif pelaburan yang bersesuaian dengan perniagaan anda.
Meneroka peluang sebenar daripada projek ECRL — dari logistik dan rantaian bekalan sehingga lokasi strategik di sepanjang koridor.
Menimba inspirasi daripada syarikat tempatan yang telah berkembang daripada PKS kepada pemain nasional dan global.
Membina jaringan strategik bersama pelabur, institusi kewangan dan 300 peserta industri dalam satu majlis.

Program yang Memacu Peluang dan Jaringan Perniagaan

Program ini akan menampilkan ucaptama oleh Ketua Pegawai Eksekutif MIDA, diikuti dengan sesi mengenai Kerangka Insentif Baharu (New Incentive Framework – NIF), Forum ECRL serta sesi “Dari Pantai Timur ke Persada Dunia” yang akan meneroka peluang pelaburan, kesalinghubungan serantau serta laluan untuk syarikat tempatan mengembangkan perniagaan ke pasaran yang lebih luas.

Program ini turut menampilkan Forum Penyertaan Ekonomi Bumiputera dan Sesi Ekosistem Halal yang memberi tumpuan kepada pengukuhan penyertaan syarikat tempatan serta pembangunan ekosistem halal dan keterjaminan makanan. Selain itu, Business Clinics akan menyediakan peluang kepada syarikat untuk berinteraksi secara langsung dengan Jabatan Kastam Diraja Malaysia, Jabatan Imigresen Malaysia, PERKESO serta agensi Kerajaan berkaitan bagi mendapatkan panduan dan penyelesaian berhubung isu operasi, pematuhan, tenaga kerja, kelulusan dan pelaksanaan projek.

Jangan Lepaskan Peluang — Daftar Sekarang

MIDA mengalu-alukan penyertaan PKS, syarikat tempatan dan Bumiputera, syarikat mid-tier, pelabur serta pemain industri untuk menyertai Seminar Pelaburan Wilayah Pantai Timur 2026.

Peserta digalakkan untuk mendaftar seawal mungkin bagi mendapatkan maklumat terkini, membina rangkaian perniagaan, meneroka peluang pelaburan dan mendapatkan akses terus kepada agensi Kerajaan melalui sesi Business Clinic.

Tempat penyertaan terhad kepada 300 peserta sahaja. Daftar sekarang bagi memastikan penyertaan anda.

Seminar Pelaburan Wilayah Pantai Timur 2026
8 September 2026 | AC Hotel, Kuantan, Pahang

Daftar sekarang: https://form.evenesis.com/MIDA-Seminar-Pelaburan-Wilayah-Pantai-Timur-2026

-TAMAT-

Mengenai MIDA
MIDA adalah agensi promosi dan pembangunan pelaburan utama Kerajaan di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI) untuk menyelaras dan menggalakkan pelaburan ke dalam sektor perkilangan dan perkhidmatan di Malaysia. Beribu pejabat di Kuala Lumpur Sentral, MIDA mempunyai 12 pejabat wilayah dan 20 pejabat luar negara. MIDA terus menjadi rakan strategik bagi perniagaan dalam merebut peluang yang timbul dari revolusi teknologi pada era masa kini. Untuk maklumat lebih lanjut, sila layari www.mida.gov.my dan ikuti kami di saluran X, Instagram, Facebook, LinkedIn, TikTok dan YouTube.

Untuk pertanyaan media, sila hubungi:

MIDA
Puan Rozita Ibrahim
Pengarah, Bahagian Pelaburan Tempatan, MIDA
Emel: [email protected]
Tel: +603-2267 3479

MIDA Anjur Seminar Pelaburan Wilayah Pantai Timur 2026, Perkasa PKS dan Syarikat Tempatan

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Approved projects set to create over 99,000 jobs, with manufacturing driving higher-skilled employment opportunities for Malaysians

What this means for Malaysia: RM218.5 billion in approved investments from January to June 2026, up 11.7% year-on-year (y-o-y), across 2,746 projects expected to create 99,030 jobs (+8.4%).

Investment came from both global and Malaysian businesses: Foreign Investment (FI) contributed for RM126.9 billion (58.1%), up 18.5% y-o-y, while Domestic Investment (DI) rose 3.5% to RM91.6 billion (41.9%).

Where the investment is going: services RM149.6 billion (68.5%); manufacturing RM51.3 billion (23.5%); primary RM17.6 billion (8.0%).

Top foreign investment sources^{^[1]}: United States (RM33.1 billion), Singapore (RM25.9 billion), Japan (RM22.3 billion), People’s Republic of China (RM16.5 billion), Cayman Islands (RM4.1 billion).

Top investment destinations: Selangor (RM70.0 billion), Johor (RM59.4 billion), W.P.Kuala Lumpur (RM26.6 billion), Pulau Pinang (RM20.2 billion), Sarawak (RM10.8 billion).

KUALA LUMPUR, 28 August 2026 – Approved investments in Malaysia reached RM218.5 billion in the first half of 2026 (1H 2026), covering 2,746 projects across the services, manufacturing and primary sectors. This is 11.7% higher than the RM195.5 billion recorded in the same period of 2025. More importantly for Malaysians, these approved projects are expected to create 99,030 jobs once fully implemented, 8.4% more jobs than the first half of 2025.

The 1H 2026 approvals equal 50.7% of the RM431.1 billion approved in the whole of 2025. The performance stands out commendably against a softening global backdrop – the International Monetary Fund’s July 2026 World Economic Outlook put world growth at 3.0% for the year, while Malaysia’s economy is projected to expand 4.7%, ahead of both the global and regional averages.^[1]

WHO IS INVESTING IN MALAYSIA

Foreign investments (FI) accounted for RM126.9 billion, or 58.1 % of total approved investments, an increase of 18.5% year-on-year. Domestic investments (DI) contributed RM91.6 billion, or 41.9%, representing a 3.5% year-on-year growth. Collectively, the figures reflect continued confidence from both international and Malaysian investors.

The United States was the largest foreign source at RM33.1 billion, followed by Singapore (RM25.9 billion), Japan (RM22.3 billion), People’s Republic of China (RM16.5 billion) and the Cayman Islands (RM4.1 billion). Together these five top sources supplied more than 80% of approved FI.

WHERE INVESTMENT IS CREATING OPPORTUNITIES

Investment was spread across key economic states and industries. Selangor led with RM70.0 billion across 835 projects, the highest number of approved projects among all states. Its services sector attracted digital investments in areas such as AI, big data analytics, cybersecurity, FinTech, cloud computing and IoT. Johor followed with RM59.4 billion, supported by the JS-SEZ and upcoming RTS Link connectivity. W.P. Kuala Lumpur recorded RM26.6 billion, including residential and serviced apartment developments linked to urban growth, transit-oriented development (TOD) and demand for more accessible housing. Pulau Pinang secured RM20.2 billion, led by advanced manufacturing and semiconductors, while Sarawak recorded RM10.8 billion, mainly from offshore oil and gas exploration projects.

SERVICES: DIGITAL GROWTH, WITH JOBS AND LOCAL OPPORTUNITIES

The services sector attracted the largest share of approved investments at RM149.6 billion, up 21.0%. Across 1,750 projects, these investments are expected to create 34,475 jobs.

FI in services rose 66.7% to RM86.9 billion, while domestic investments contributed RM62.7 billion (41.9%). This mix brings international capital into Malaysia while creating more room for local businesses and suppliers to participate in growing industries.

Information and communications led services growth, with approved investments rising 68.2% to RM103.3 billion. Data-centre and cloud-computing projects accounted for RM95.8 billion, close to 44.0% of all approved investments during the period, as demand for AI computing power continued to grow across the region.

Malaysia, ranked by UNCTAD among the world’s ten largest data-centre destinations^[2], has set a target of becoming an ‘AI nation’ by 2030. To manage the pace of expansion, the Data Centre Task Force, a strategic platform to streamline investment approvals on data centres, clears only those with secured power and water and demonstrable green compliance, while giving priority to operators that support the local supply chain.

Other Leading Services Sub-Sectors:

Real Estate: RM33.5 billion
Utilities: RM3.0 billion
Transport Services: RM2.9 billion
Support Services: RM2.3 billion

Examples of notable services projects are provided in Appendix I.

MANUFACTURING: MORE PROJECTS AND HIGHER-VALUE JOB OPPORTUNITIES

The manufacturing sector secured RM51.3 billion in approved investments across 973 projects. The number of projects rose 88.2% y-o-y, meaning more investments are being spread across a broader base of manufacturing activity. Manufacturing approved investments stood at RM51.3 billion in 1H 2026. While this was 25.1% below the exceptionally high level recorded in 1H 2025, the comparison reflects RM18.5 billion in lumpy projects approved in the basic metals, chemicals and non-metallic minerals industries during the same period last year. Excluding these projects, manufacturing approved investments grew 2.6% y-o-y.

Of the RM51.3 billion approved, RM25.8 billion or 50.3% came from new projects. Another RM25.5 billion, or 49.7%, came from companies expanding or diversifying existing operations. New projects rose 112.2% y-o-y, while reinvestment by established companies shows that businesses already operating in Malaysia continue to see opportunities to grow here.

FI contributed RM32.7 billion (63.8%) of the total approved investments in the manufacturing sector, while DI grew strongly by 23.0% y-o-y to RM18.6 billion.

Manufacturing remained the biggest source of expected new employment, with 64,555 jobs – 65.2% of all jobs expected from approved investments. The local MTS component grew 11.0% y-o-y to 21,677 jobs. This demonstrates that improvements in job quality directly benefits Malaysians. Furthermore, 19.7% of local manufacturing jobs offer monthly salaries of RM5,000 and above, up 7.7% y-o-y.

Leading Manufacturing Industries:

Electrical and Electronics (E&E): RM16.6 billion
Machinery and Equipment (M&E): RM7.5 billion
Chemicals and Chemical Products: RM5.5 billion
Transport Equipment: RM4.9 billion
Food Manufacturing: RM4.9 billion

Examples of notable manufacturing projects are provided in Appendix I.

These five largest industries made up 76.9% of manufacturing approvals, with machinery and equipment (up 44.8%) and food manufacturing (up 40.9%) among the fastest-growing.

Nearly one-third of approved manufacturing projects (31.0% or 302 projects) plan to export at least 80% of their output. The number of these highly export-oriented projects rose 57.3% y-o-y. E&E, M&E, fabricated metal products, plastic products, transport equipment and food manufacturing, together accounted for 70.9% of the overall 302 export-oriented manufacturing projects.

“The half-year performance is powered by our two largest economic engines – services and manufacturing sectors, and both showcase quality, not just scale of investments. Services grew 21%, led by digital and information-technology investment that is building the backbone for our AI Nation 2030 ambitions while creating opportunities across the wider economy. In manufacturing, an 88.2% jump in project numbers and the shift of semiconductor investment from back-end assembly towards front-end design and equipment clearly shows the operationalisation of the National Semiconductor Strategy. Investor confidence has also been reinforced by structural reforms that lifted Malaysia’s standing in the IMD World Competitiveness Ranking for 2026, 15th place out of 70 economies, Malaysia’s best placing in over a decade. Guided by the New Industrial Master Plan 2030, MIDA will continue to prioritise and implement investments that transfer technology, deepen local vendor participation and create high-value jobs for Malaysians.” — YM Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Chairman of MIDA

PRIMARY SECTOR: DOMESTIC COMPANIES TAKE ON LARGER ENERGY PROJECTS

The primary sector surged 414.0% y-o-y to RM17.6 billion, from RM3.5 billion in the same period of 2025. The increase came entirely from 23 offshore oil and gas projects, and has already exceeded the sector’s RM14.2 billion total for all of 2025. Domestic capital led the sector at RM10.3 billion, or 58.5%, highlighting the growing capacity of Malaysian companies to undertake large upstream projects. Sarawak drew the largest share at RM9.0 billion (51.1%), followed by Sabah at RM6.1 billion (34.9%). The increase came as prolonged disruption to global energy supply and higher crude prices pushed Asia-Pacific buyers to diversify their sources. As an established exporter of liquefied natural gas, Malaysia is positioned to attract capital seeking long-term energy security; its upstream industry is estimated to need RM50 billion to RM60 billion of investment a year, to meet rising demand. The Malaysia Bid Round 2026, which offers new exploration blocks in the Sandakan, Western Sarawak and Malay basins, is expected to support further activity.

FROM APPROVALS TO REAL JOBS AND OPERATIONS

Approvals have translated into activity on the ground. As of 18 August 2026, the Government approved a total of 5,822 manufacturing projects between the span of 2021 to June 2026.

87.0% have reached implementation, from construction through to production;

9.8% are in the planning phase, including site selection and consultations with developers; and

3.2% of projects were not implemented.

Annual data shows that:

More than 90% of manufacturing projects approved from 2021 to 2024 have been implemented.

Projects approved in 2025 and 1H 2026 have already recorded implementation rates of 83.8% and 65.5% respectively. These newer projects are still within the typical 18 to 24 months development cycle for completion, depending on project complexity.

Examples of implemented projects are provided in Appendix II.

PIPELINE OF HIGH-IMPACT INVESTMENTS CONTINUED MOMENTUM

As of 10 August, 2026, MIDA was reviewing 227 proposals worth RM72.1 billion, 128 services projects worth RM36.5 billion and 99 manufacturing projects worth RM35.6 billion. A further RM58.4 billion in high-potential leads was under discussion.

“Securing the commitment is only half the task; the other half is turning it into operating plants and jobs on the ground, and that is where MIDA’s facilitation work matters most. Through the Invest Malaysia Facilitation Centre (IMFC) and close coordination across ministries and agencies, we help investors clear regulatory and implementation hurdles quickly, which is reflected in the 86.3% of manufacturing projects approved since 2021 that have already moved into implementation. Our engagement does not end at approvals: we stay involved to handhold projects and, through #InvestLokal, deepen the participation of SMEs and local vendors, so that each ringgit committed becomes real capacity and skilled employment for Malaysians.” — Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA

Malaysia’s near-term outlook rests on resilient fundamentals, rising domestic participation and a pipeline concentrated in semiconductors, AI infrastructure, renewable energy and medical devices, even as global conditions remain uncertain.

*End*

About MIDA

The Malaysian Investment Development Authority (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 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

Explainer: DOSM’s FDI and MIDA’s approved Foreign Investment (FI)

There has been some confusion on the term Foreign Direct Investment (FDI) as reported by the Department of Statistics Malaysia (DOSM), and the approved Foreign Investment (FI) data as captured by MIDA. To clarify, the Government has determined the use of these terms since December 2023, as follows:

MIDA reports on approved Foreign Investments (FI) – These represent proposed investment projects with foreign equity participation that have been granted licenses, incentives, permits, grants, soft loans, etc., by relevant Ministries and Agencies. They are measured based on CAPEX and OPEX, such as land, building, and resources. Approved FI reflects potential investments into the country which will be realised into actual inflows over a specified period, usually across multiple years. On average, 18-24 months is the typical duration to complete the required regulatory steps between approval and implementation, before projects get off the ground. The release of approved FI data serves as a forward-looking indicator of investor’s confidence, the strength of Malaysia’s investment prospects, and the key sectors attracting foreign investors.

DOSM reports on Foreign Direct Investment (FDI) – This figure refers to investments by non-residents via transactions of financial instruments, including equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits, etc.). For instance, if a foreign investor buys shares in a Malaysian company, this would be captured by DOSM’s FDI data. FDI statistics for Malaysia are compiled as part of the balance of payments, which is compiled based on the IMF’s BPM6 guidelines.

For further information, please refer to https://www.mida.gov.my/why-malaysia/investment-statistics/

Media Release

Appendix II

Infographic (English)

Infografik (BM)

For media enquiries, please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division,
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

[1]https://www.nst.com.my/business/economy/2026/07/1484690/malaysias-economy-seen-growing-47pct-2026-data-centre-tech-cycle-%E2%80%93

[2] UN Trade and Development (UNCTAD), Global Investment Trends Monitor No. 50 (January 2026)

[1] Compilation of foreign investments is based on the ultimate investing source. The ultimate source refers to the home country of the foreign investor that holds control over the decision-making process and investment management, even if the investment flows through several intermediary sources.

APPENDIX I

NOTABLE APPROVED PROJECTS

First Half 2026 (January–June) Companion reference to the media release

Services Sector:

Island Hospital — Island Hospital – Penang | An expansion of Malaysia’s largest medical-tourism facility and its first Flagship Medical Tourism Hospital, awarded by the Malaysia Healthcare Travel Council. The 600-bed hospital, part of IHH Healthcare Malaysia’s Northern Cluster, has over 130 specialist doctors and 1,400 employees (100% Malaysian workforce), is moving towards quaternary care in complex disciplines including medical and surgical oncology and cardiology.

Gamuda Land / ASAI Gamuda Cove Hotel — ASAI Gamuda Cove (“AGCM”) is Gamuda Land’s first-ever hotel project, representing Dusit Hotels and Resorts’ first hospitality venture in Malaysia under their locally focused ASAI brand. As the first property signed under Dusit’s expanded “ASAI Tropical” model, the hotel offers more spacious, family-friendly room configurations and resort-style amenities. AGCM features 280 rooms across various categories and sizes catering to the different needs of visitors, along with dining and bar options, facilities and amenities, and business and event spaces, all with excellent accessibility from Kuala Lumpur City Centre, Kuala Lumpur International Airport, Putrajaya and Cyberjaya. The hotel is situated in Gamuda Cove, a township recognised as Malaysia’s first 5-Diamond Low Carbon City, directly adjacent to a 90-acre Wetlands Arboretum and a 1,111-acre wetlands sanctuary. Emphasising the sustainability milestones, the hotel itself targets GBI (Green Building Index) Silver Certification through eco-features such as solar PV panels, EV charging bays, and rainwater harvesting. With the scheduled opening in 2026, ASAI Gamuda Cove aims to create approx. 100 jobs and to promote responsible eco-tourism through community-based events and local cultural activities.

Manufacturing Sector:

Fastrain Technology — Fastrain, a company based in Perai, Penang, is expanding its operations with an additional investment of approximately RM919.8 million. The expansion spans three facilities dedicated to the manufacture of advanced photonic components and marine communication equipment for applications in high-speed communications, creating over 500 new job opportunities and bringing the company’s total workforce in Penang to over 1,200 employees. Fastrain also undertakes R&D activities to further enhance its products and technological capabilities, supporting the rapidly growing demand for high-speed communications applications.

Onetest Sdn. Bhd. — Penang | 223 jobs (>80% Malaysian Workforce) | An expansion across three Penang sites in high-precision IC test interface boards and probe cards for semiconductor testing, aligned with the NSS and NIMP 2030.

Pentamaster Equipment Manufacturing — RM598 million over 10 years (RM27.8 million capex) | Batu Kawan, Penang | 159 jobs (>80% local) | Pentamaster’s iFLEX is an AI-embedded, micro-precision automation platform delivering advanced systems and modules for medical, semiconductor and battery applications, supported by in-house design and programming capabilities. It supplies AI-enabled automation solutions to the semiconductor value chain under the National Semiconductor Strategy (NSS), while advancing smart manufacturing capabilities in support of Industry 5.0 and laying the foundation for future Industry 6.0. The versatility of iFLEX also enables its deployment in humanoid robotics production, supporting precision assembly, inspection, calibration and testing as the adoption of Physical AI continues to advance. The initiative is expected to generate broader positive spillovers for Malaysia’s industrial ecosystem by strengthening locally developed engineering, automation and technology capabilities, thereby reinforcing the “Made by Malaysia” proposition and enhancing Malaysia’s participation in higher-value segments of the global value chain. It will also create high-value, technology-driven jobs and support Malaysia’s transition away from a predominantly low-skilled labour model towards a more knowledge and innovation driven economy. Pentamaster will also deepen collaboration with local SMEs and suppliers to strengthen their technical capabilities, increase participation in advanced manufacturing activities and build a more resilient domestic supply chain. At the same time, the initiative will promote sustainable manufacturing practices through greater energy efficiency, resource optimisation, waste reduction, responsible sourcing and increased automation, supporting a more productive, sustainable and globally competitive manufacturing ecosystem.

UWC Technology — RM115.7 million (RM34.7 million capex) | Penang | 205 jobs (84% local, 74% skilled) | A wholly Malaysian-owned expansion manufacturing complex machinery, modules and parts for front-end semiconductor equipment, moving Malaysia up the value chain from back-end into front-end equipment, while simultaneously creating skilled employment. Beyond investment and manufacturing, UWC is also investing in Malaysia’s future talent pipeline. The company actively supports the development of skilled technical talent through apprenticeship sponsorships, TVET initiatives and participation in the Sistem Latihan Dual Nasional (SLDN).

Techbond Greentech — RM102.0 million | Negeri Sembilan & Selangor | 58 jobs | Produces specialised industrial adhesives and additives using Industry 4.0 smart sensors and palm-based polyols co-developed with the Malaysian Palm Oil Board, commercialising local research.

GoodScience — RM100 million | Rawang, Selangor | 50 jobs (100% local) | A Bumiputera-owned (Hanan Medicare) generic pharmaceutical diversification project to establish local manufacturing capabilities across 12 new therapeutic indications, including oncology. Nine products are listed on the National Essential Medicines List (NEML). Supported by in-house R&D and strategic technology transfer, the project will strengthen domestic manufacturing, reduce reliance on imported medicines and enhance Malaysia’s national medicine security.

Malaysia Secures RM218.5 Billion in Approved Investments In 1h 2026, With Domestic Investment in Manufacturing Up 23%

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Discover Your Next Big Innovation at URIIS 2026!

You are invited to URIIS 2026 — Malaysia’s platform connecting universities, industry, investors, startups and innovators to explore research, innovation, collaboration and investment opportunities.

📅 21–23 September 2026
📍 World Trade Centre Kuala Lumpur (WTCKL)
💼 Participant Pass: RM1,500/delegate
✅ HRD Corp Claimable (for eligible organisations)

✨ What’s in it for you?
🔹 Discover investment-ready technologies and commercialisable research
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⏰ Registration closes: 31 August 2026

👉 Register now: https://uriis.my/uriis-registration/

📞 Enquiries: 03-9769 1261 (URIIS 2026 Secretariat)

Turn research into innovation, investment and real-world opportunities. Be part of URIIS 2026! 🚀

Download

URIIS 2026 | University Research and Innovation Investment Summit 2026

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Renewed Memorandum of Understanding signed at the Hong Kong-Malaysia Business Seminar in Kuala Lumpur

KUALA LUMPUR, 12 August 2026: The Malaysian Investment Development Authority (MIDA) and Invest Hong Kong (InvestHK) today renewed their Memorandum of Understanding (MoU), reaffirming a partnership that spans more than four decades and setting a shared course to capture new investment opportunities across ASEAN, the Greater Bay Area and Mainland China. The renewal took place at the “Hong Kong: Your Strategic Springboard to Chinese Mainland and Malaysia” Business Seminar and Networking Lunch, held at Shangri-La Kuala Lumpur.

The MoU was signed by MIDA Chief Executive Officer YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid and Invest Hong Kong Director-General of Investment Promotion Ms. Alpha Lau, and witnessed by YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI), and The Honourable Mr. Algernon Yau, JP, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region Government. It updates the original MoU signed in 2014, reflecting new areas of cooperation and the evolving priorities of both economies.

“Hong Kong has been among Malaysia’s trusted investment partners for more than four decades. In a world reshaped by shifting supply chains and new alignments, this renewed partnership could not be more timely,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid. “It offers investors from Hong Kong and the Greater Bay Area a trusted gateway into ASEAN, and it gives Malaysian companies a bridge into Mainland China and global markets. MIDA will continue to stand beside every investor, at every stage of their journey.”

“Malaysia and Hong Kong are natural partners. As companies look to build resilient, future-ready operations, Hong Kong offers the capital, connectivity and professional services to take them global, while Malaysia offers the talent, ecosystem and gateway to ASEAN for growth. This renewed partnership will make it easier for businesses to move between our two markets and beyond,” said Ms. Alpha Lau, Director-General of Investment Promotion, Invest Hong Kong.

Hong Kong is among Malaysia’s most significant sources of foreign investment. From 1980 to March 2026, close to 1,000 manufacturing projects with Hong Kong participation have been approved in Malaysia, with a total investment value exceeding RM60 billion (approximately USD15.5 billion) and the potential to create almost 197,000 jobs. In 2025, Hong Kong ranked as Malaysia’s third-largest source of approved manufacturing investment, with projects valued at RM12.4 billion (approximately USD3.1 billion). Hong Kong companies have also established close to 250 approved projects in the services
sector, including regional bases, principal hubs and distribution and procurement centres.

Under the renewed MoU, the two agencies will jointly promote high value-added investment; facilitate Hong Kong companies investing into Malaysia and Malaysian companies expanding into Hong Kong; connect their ecosystems to enable joint ventures and supply-chain integration; and support one another’s investment missions, seminars and business-matching activities.

The partnership will place particular emphasis on the high-technology, high value-added sectors in which the two economies are strongly complementary, among them emiconductors and electronics, advanced manufacturing, the digital economy, new energy and pharmaceuticals.

The seminar forms part of a Hong Kong business delegation’s visit to Malaysia and follows the establishment of the Hong Kong Economic and Trade Office in Kuala Lumpur in December 2025. It brought together senior government representatives, investment promotion officials and business leaders from both economies to explore opportunities for closer cooperation and cross-border expansion.

MIDA reaffirmed its commitment to facilitating quality investments and supporting investors throughout their investment journey in Malaysia.

(Center, from left to right):
YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, Malaysian Investment Development Authority (MIDA); The Honourable Mr. Algernon Yau, JP, Secretary for Commerce and Economic Development, Commerce and Economic Development Bureau, Hong Kong Special Administrative Region Government and YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI).

***End***

About MIDA
The Malaysian Investment Development Authority (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
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 X, Instagram, Facebook, LinkedIn, TikTok
and YouTube channel.

For more information, please contact:
Ms. Lim Ming Yee
Foreign Investment Division
Malaysian Investment Development Authority (MIDA)
Phone: +603-2267 6618 | Email: [email protected]

MIDA and Invest Hong Kong Renew Partnership to Deepen Two-Way Investment Between Malaysia and Hong Kong

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Duration:

KAMUNTING, PERAK, 10 AUGUST 2026 – Sheng Long Aqua Technology (M) Sdn. Bhd. (“Sheng Long”) a subsidiary of Guangdong Haid Group Co., Limited (“Guangdong Haid”) based in China, today celebrated the ground-breaking of its first aquaculture feed manufacturing facility in Malaysia, marking a significant milestone in the Company’s regional expansion and reaffirming its long-term commitment to supporting the growth of Malaysia’s aquaculture industry.

Scheduled to commence operations in 2028, the new facility represents a first-phase investment of approximately RM140 million. It will manufacture high-quality aquaculture feed through equipped with 2 shrimp feed production lines and 2 fish feed production lines, with an annual production capacity of 150,000 metric tonnes. The project is expected to meet the growing demand in Malaysia and neighbouring markets, create more than 100 employment opportunities, and strengthen local manufacturing capabilities and supply chain resilience.

The ceremony was officiated by YB Mr. Teh Kok Lim, Perak State Executive Council (EXCO) Member for Science, Environment and Green Technology and graced by distinguished guests including YB Ong Seng Guan (Adun Pokok Assam), Dr. Ahmad Shahir Bin Abdul Aziz (CEO of InvestPerak), Tuan Mohamed Akmal Bin Dahalan (Yang Dipertua Majlis Perbandaran Taiping), Puan Surayu Binti Susah, Executive Director of Manufacturing Development (Resource), Malaysian Investment Development Authority (MIDA), Puan Nur Baiti Binti Jamalul Karib (Head of Norther Corridor Implementation Authority Perak State) and Sheng Long’s distribution partners, and members of the aquaculture community.

YB Mr. Teh Kok Lim stated, “Seng Long’s commitment to invest in Taiping demonstrates confidence not only in the company’s own growth prospects, but also in Perak’s ability to support that growth over the long term. The Perak State Government under the leadership of YAB Menteri Besar Dato’ Seri Saarani Mohamad remains committed to facilitating investments, strengthening industry partnerships, and ensuring that Perak remains an attractive destination for both global and domestic investors.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, said: “Sheng Long’s investment marks a meaningful step forward for our agri-food ecosystem — enhancing local manufacturing capabilities, reducing our reliance on imported feed, and directly reinforcing national food security and supply chain resilience. Beyond its economic contribution, the project will create quality employment, facilitate technology and knowledge transfer, and enhance local expertise in modern manufacturing.”

This investment comes amid sustained momentum in Malaysia’s food manufacturing sector, which attracted RM3.3 billion in approved investments in the first quarter of 2026 — among the leading industries within the RM24.1 billion approved for the manufacturing sector overall. The sector’s continued growth underscores Malaysia’s strengthening position as a regional hub for high-value, resource-based manufacturing and reflects rising investor confidence in the nation’s agri-food ecosystem.

Mr. Chuang Jie Cheng, General Manager of Sheng Long, said: “Through this investment, we aim to provide high-quality aquaculture feed, a more reliable supply chain, and comprehensive technical support to help farmers improve productivity and profitability. We look forward to growing together with Malaysia’s aquaculture industry and contributing to its long-term sustainable development.”

The Perak facility will serve as Sheng Long’s key manufacturing and technical service hub in Malaysia. Moving forward, the Company will continue to invest in manufacturing excellence, technological innovation, and talent development while working closely with its local partners to strengthen the industry competitiveness and contribute to Malaysia’s economic growth and the sustainable development of its aquaculture sector.

**From left to right:**

YBrs. Dr. Ahmad Shahir Abdul Aziz, Acting CEO, InvestPerak
YB Tuan Ong Seng Guan, Ahli Dewan Undangan Negeri, Pokok Assam
YBrs. Tuan Chuang Jie Cheng, General Manager, Sheng Long Aqua Technology (M) Sdn. Bhd.
YB Tuan Teh Kok Lim, Perak State Executive Council (EXCO) / Member for Science, Environment and Green Technology
YBrs. Puan Surayu Susah, Executive Director, Manufacturing Development (Resource), MIDA
YBrs. Tuan Mohamed Akmal Dahalan, Yang Dipertua, Majlis Perbandaran Taiping

-END-

About MIDA

The Malaysian Investment Development Authority (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 InvestPerak

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as the secretariat for Centre of Investment (COI), which empowereds the function of InvestPerak as the facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak have has the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process.

About Sheng Long Aqua Technology (M) Sdn. Bhd.

Sheng Long Aqua Technology (M) Sdn. Bhd. is a subsidiary of Guangdong Haid Group Co., Ltd, a global agricultural and animal husbandry enterprise driven by technological innovation. With nearly three decades of experience in the agriculture and animal husbandry industry, the Group provides comprehensive solutions covering feed, animal health products, and professional technical services, helping farmers improve farming efficiency and achieve sustainable development.

As part of its international aquaculture business, Haid Group operates through Sheng Long Bio-tech International Co., Ltd. (“Sheng Long Group”), which has established a presence across Southeast Asia and South Asia, including Vietnam, India, Malaysia, Thailand, and the Philippines. Sheng Long Group has invested in 9 feed manufacturing facilities, 4 shrimp hatcheries, 1 tilapia hatchery, and 1 research and development centre in Vietnam and India. The new facility in Perak will become Sheng Long Group’s 10th feed manufacturing facility and its first production base in Malaysia. It will serve as an important operational centre for the Malaysian and Southeast Asian markets, further strengthening the Group’s regional supply capabilities and market competitiveness.

For media enquiries, please contact:

MIDA

Puan Wan Hariati Wan Salleh
Director, Food Technology & Resource Based Industries Division
Email: [email protected]
Tel.: +603-2267 6654

InvestPerak

Puan Adina Furzanne Abdullah
Investor Relation Manager
Email: [email protected]
Tel.: +605-5292443

About Sheng Long Aqua Technology (M) Sdn. Bhd.

Mr. Chew Uik Seng
Technical Service Department, Director
Email: [email protected]
Tel.: +601155038838

Sheng Long Aqua Technology (M) Sdn. Bhd. Holds Groundbreaking Ceremony for Its New Manufacturing Facility in Perak, Malaysia

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Ten-year investment strengthens regional manufacturing, innovation and engineering capabilities while creating up to 200 high-skilled jobs by 2035.

Nilai, Negeri Sembilan, Malaysia, 5 August 2026 – BAC, a global leader in sustainable cooling and heat rejection solutions, today celebrated the groundbreaking of its new manufacturing facility in Nilai, Negeri Sembilan. Representing a planned investment of US$150 million, the project underscores BAC’s long-term commitment to Malaysia and reinforces its strategy to better serve customers across APAC.

The groundbreaking ceremony was attended by Ms. Zuaida Abdullah, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA), Mr. Don Fetzer, President of BAC, Mr. Ted Lim, Global Vice President and Head of APAC, members of the APAC Leadership Team, customers, business partners and other distinguished guests, highlighting the significance of the investment to Malaysia’s advanced manufacturing sector.

The project will be developed on an 18.2-acre site in two phases. Phase 1, targeted for completion by the end of 2027, includes a 30,000-square-metre manufacturing facility complemented by a regional engineering and manufacturing office. Phase 2 will focus on establishing a R&D centre and advancing the manufacturing technology to support future business growth, with the core manufacturing facility expected to be fully completed by 2030.

The new facility will strengthen BAC’s production capacity by integrating advanced manufacturing technologies and automation. It will manufacture BAC’s portfolio of closed-circuit cooling towers, adiabatic coolers, hybrid cooling systems and liquid cooling solutions. The facility will strengthen regional manufacturing capabilities, improve supply chain responsiveness, shorten lead times and deliver a better experience for customers in the data centre, industrial, and commercial infrastructure markets across APAC.

As demand for sustainable cooling solutions continues to evolve, the Nilai facility will also house BAC’s latest climate-controlled product development and testing facility in APAC. The laboratory will enable local engineering teams to develop, test and validate cooling technologies for tropical climates and high-density applications. Combined with Malaysia’s skilled workforce, this will strengthen BAC’s regional engineering capabilities and support continued product innovation.

In her special address, Ms. Zuaida Abdullah, Deputy Chief Executive Officer (Investment
Development) of MIDA stated:

“BAC’s investments reflect growing confidence in Malaysia as a destination for high-value, sustainable manufacturing. Beyond strengthening our industrial ecosystem, their advanced cooling technologies will support high-growth sectors like data centres and advanced electronics while accelerating the adoption of energy- and water-efficient solutions.

This investment embodies the ‘multiplier effect’ we aim to cultivate – generating high-skilled engineering jobs for Malaysian talent and opening new supply chain doors for our local SMEs and supporting the New Industrial Master Plan (NIMP) 2030 and our National Energy

Transition Roadmap (NETR). By enabling industries to reduce energy consumption and boost resource efficiency, BAC is directly supporting Malaysia’s journey towards achieving net-zero by 2050. MIDA remains committed to facilitating quality projects that champion both environmental sustainability and inclusive economic prosperity.”

Don Fetzer, President of BAC, said:

“Malaysia is an important part of BAC’s long-term global growth strategy. This investment reinforces our commitment to expanding our manufacturing footprint, strengthening innovation capabilities and supporting customers globally with sustainable cooling solutions that meet the evolving needs of the industries we serve.”

Ted Lim, Global Vice President and Head of APAC, added:

“This new facility enables us to be closer to our customers and partners in the region. By strengthening our manufacturing, engineering and technical capabilities in APAC, we can improve responsiveness, enhance collaboration and deliver solutions that support the region’s rapid industrial and digital infrastructure growth.”

The facility is expected to strengthen Malaysia’s advanced manufacturing ecosystem, support local suppliers and SMEs, and create up to 200 high-skilled jobs by 2035, including high-skilled engineering and professional roles. Through university partnerships, internship programmes and a workplace designed to support employee well-being, BAC reaffirms its commitment to local talent development. Targeting LEED Gold and FM Approved standards, the facility is designed with energy-efficient features to reduce GHG emissions and cement Malaysia’s standing as a regional manufacturing and innovation hub.

BAC’s investment extends beyond the completion of the manufacturing facility. Continued investments through 2035 in automation, research and development, and advanced manufacturing technologies will establish the facility as BAC’s regional manufacturing hub, strengthening supply chain resilience and enabling BAC to better serve customers across APAC.

From left to right:
Mr. Gan Hai Toh, Managing Director, Rock Link; Feleke Assefa, Senior Commercial Officer of the U.S. Embassy; En. Azizul Hakim bin Abu Haniffa, Director, MIDA Negeri Sembilan; Dato’ Hj Najmuddin Sharif bin Sarimon, Chief Executive Officer, Invest Negeri Sembilan; Pn. Zuaida Abdullah, Deputy CEO, Malaysian Investment Development Authority (MIDA); Mr. Don Fetzer, President, BAC; Mr. Ted Lim, Global Vice President & Head of APAC, BAC; Ms. Katie Feltz, Global Vice President & Head of Finance, BAC and Mr. Ronny Cannaerts, Project Operations Director, BAC

BAC Groundbreaking Ceremony

Puan Zuaida Abdullah, Deputy Chief Executive Officer, Investment Development (MIDA)

Mr. Don Fetzer, President of BAC

***End***

About Malaysian Investment Development Authority (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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About BAC
BAC is a global leader in sustainable cooling and heat rejection solutions. For more than 85 years, BAC has helped customers conserve water and energy through innovative technologies that improve system performance and operational efficiency. Serving industries including data centres, industrial manufacturing, commercial buildings, power generation, food and beverage processing, and refrigeration, BAC operates manufacturing and service facilities worldwide to support customers with reliable and sustainable cooling solutions.

For more information, visit www.baltimoreaircoil.com and follow BAC Asia on LinkedIn.

For media enquiries please contact:
MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
Email: [email protected]
Tel: +603-2267 6769

BAC Malaysia Sdn. Bhd.
Ms. Grace Wee
Marketing Manager
Email: [email protected]

BAC Breaks Ground on US$150 Million Manufacturing Facility in Malaysia

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Industry leaders, policymakers and ecosystem partners gather to discuss Melaka’s semiconductor ambitions, strengthen industry collaboration and accelerate sustainable growth within Malaysia’s semiconductor ecosystem.

Highlights:

● Brought together almost 150 participants comprising industry leaders, policymakers, government agencies, financial institutions and ecosystem partners.

● Reinforced Melaka’s commitment to becoming a future-ready semiconductor hub. ● Highlighted the strategic direction of the Melaka Semiconductor Strategic Plan 2026- 2035 in strengthening the state’s semiconductor ecosystem and long-term competitiveness.

Melaka, 16 July 2026 – The Malaysia Semiconductor Industry Association (MSIA), in collaboration with Malaysian Investment Development Authority (MIDA), Invest Melaka Berhad, Infineon Technologies (Malaysia) Sdn. Bhd. and Maybank, jointly hosted the MSIA Dialogue & Networking Session with the Chief Minister of Melaka on 16 July 2026 at Hatten Hotel, Melaka.

Anchored on the theme “Transforming Melaka into a Future-Ready Semiconductor and Advanced Manufacturing Hub: Driving Talent, Sustainability and Industrial Excellence“, the programme facilitated constructive dialogue between the public and private sectors to discuss the state’s semiconductor ecosystem, industry competitiveness and opportunities arising from the continued growth of the industry. With a semiconductor heritage spanning more than five decades, Melaka continues to build on its established industrial foundation.

Supporting this direction, the ongoing Melaka Semiconductor Strategic Plan 2026–2035 complements Malaysia’s National Semiconductor Strategy (NSS), with discussions focused on strengthening industry capabilities, enhancing supply chain resilience and supporting high-value investments to position Melaka as one of Malaysia’s leading semiconductor and advanced manufacturing hubs.

The programme also featured remarks by YAB Datuk Seri Utama Ab Rauf Bin Yusoh, Chief Minister of Melaka, who shared his vision for Melaka’s industrial transformation, highlighting the state’s semiconductor journey and the importance of strengthening investment, industry and TVET development to support the next phase of growth.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, stated, “Melaka has come a long way in building its semiconductor industry; today, it has the industrial base, skilled workforce and supplier network needed to compete for the next generation of high-value investments. The electrical and electronics (E&E) industry continues to be a key driver of Malaysia’s investment landscape, attracting RM6.0 billion in approved investments in the first quarter of 2026, the highest among all manufacturing industries. With its established ecosystem and strategic location, Melaka is well placed to capture a greater share of these opportunities. The next phase of growth requires close collaboration between government, industry and the financial sector to deepen supply chains, accelerate technology adoption and help Malaysian companies move up the value chain.

At MIDA, we are committed to facilitating quality investments that build industrial capabilities, drive innovation, and create quality jobs for Malaysians. The New Incentive Framework (NIF) supports these efforts by encouraging investments to develop local talent, strengthen Malaysian businesses and deliver long-term value to the people of Melaka.”

Datuk Ginie Lim Siew Lin, Chief Executive Officer of Invest Melaka Berhad, said “Our continuous engagement with industry players gives us valuable insights into how investment decisions are evolving and what companies require to grow successfully. Melaka’s semiconductor strength is built on decades of industrial presence and investor confidence, and our focus is to build on this foundation by connecting emerging opportunities with the right capabilities and partnerships. Through this approach, we aim to strengthen Melaka’s position as a preferred location for the next phase of semiconductor growth.”

Dato’ Seri Wong Siew Hai, President of the Malaysia Semiconductor Industry Association (MSIA), commented, “Malaysia’s future competitiveness will not be determined by manufacturing capacity alone, but by the strength of our semiconductor ecosystem. As we move from ‘Made in Malaysia’ to ‘Made by Malaysia’, every state has a role to play. Melaka has already built a strong foundation and is well positioned to become a key driver of advanced technologies, talent development and innovation that will strengthen Malaysia’s global semiconductor leadership.”

Ranita Abdullah, Managing Director, New Economy & Group Global Banking Sustainability, Maybank, said, “Maybank is committed to supporting Melaka’s aspirations to attract quality domestic and foreign investments into advanced and high-tech industries, while strengthening the ecosystem of multinational corporations and local SMEs as supply chains evolve and businesses enhance operational resilience. We are equally keen to support the state’s sustainability aspirations and Smart City digital transformation agenda, in line with Maybank’s ROAR30 strategy to mobilise RM300 billion in sustainable finance and RM100 billion for the New Economy across ASEAN.”

The MSIA dialogue featured a dynamic panel discussion moderated by Datuk Ginie Lim, Chief Executive Officer of Invest Melaka Berhad, which integrated crucial perspectives from

the industry, government, and financial sectors. Mr. Tay Kheng Chiong, Group Managing Director & CEO of Dominant Opto Technologies Sdn. Bhd., shared insights on the growth journey of Malaysian semiconductor SMEs, emphasising the need to strengthen capabilities and meet global customer expectations. Highlighting ecosystem development, Mr. Derrick Tanggapan, Director of MIDA Melaka, outlined how local SMEs can capture higher-value opportunities through strategic investments and partnerships. To enable this growth, Mr. Zulfadhli Bin Marjo, Head of Islamic Transaction Banking Solutions & Innovation at Maybank Islamic Berhad, discussed tailored financing and capital solutions aimed at supporting SMEs as they scale operations through technology, automation, and talent development.

The event successfully brought together almost 150 key industry leaders, policymakers, government agencies, financial institutions, and ecosystem partners, reinforcing the state’s commitment to becoming a future-ready semiconductor hub.

**First row (standing), from left to right:**
Dato’ Khairul Fahmy Ab Jabar, Director Government, Client Coverage, Maybank Investment Banking Berhad
En. Nor Azman Jaafar, Head Communication, Infineon Melaka
YBhg. Datuk Ginie Lim, Chief Executive Officer of Invest Melaka
Mr. Derrick Tanggapan, Director of the Malaysian Investment Development Authority (MIDA) Melaka
YBhg. Datuk Mohd Yusof Bin Abu Bakar, Chief Executive Officer, Melaka Corporation (MCORP)
En. Adzahar Md Sharipin, Government Relations, Texas Instruments
Puan Ranita binti Abdullah, Managing Director, New Economy and Group Global Banking Sustainability, Maybank
Mr. Tay Kheng Chiong, Group MD/CEO of Dominant Opto Technologies Sdn Bhd and D&O Green Technologies Bhd.

**Second row (seated), from left to right:**
YB Datuk Khaidhirah Binti Datuk Seri Abu Zahar, Deputy EXCO of Investment, Industry and TVET Development, Melaka State Government
YB Datuk Wira Salhah Binti Salleh, Pegawai Kewangan Negeri Melaka
YAB Datuk Seri Utama Ab Rauf Bin Yusoh, Chief Minister of Melaka
Dato’ Seri Wong Siew Hai, President, Malaysia Semiconductor Industry Association (MSIA)
Mr. Eng Seng Meng, Senior Vice President & Managing Director, Infineon Technologies (Malaysia) Sdn. Bhd.

***End***

For media enquiries, please contact:
Name: Mr. Derrick Tanggapan
Designation: Director, MIDA Melaka
Email: [email protected] / [email protected]
Tel: +606-232 2878

About Invest Melaka Berhad
Invest Melaka Berhad is the state’s dedicated investment promotion agency responsible for attracting and facilitating both foreign and domestic investments into Melaka. Serving as a one-stop centre for investors, Invest Melaka works closely with government agencies and industry stakeholders to support companies throughout their investment journey from initial enquiries and project facilitation to implementation.

The agency also assists with regulatory processes including manufacturing licence applications, facilitates engagement with relevant authorities, and supports site selection within the state’s industrial zones.
Learn more at: www.investmelaka.gov.my

For further information, please contact:
Andy Wong | Assistant Manager (Investment Promotion)
+6011 5505 3312 | [email protected]

About Malaysia Semiconductor Industry Association (MSIA)
Malaysian Semiconductor Industry Association (MSIA) is the leading voice of Malaysia’s semiconductor and electronics industry, representing a dynamic ecosystem of 370 members whose parent companies are from more than 22 countries worldwide. Membership comprises companies incorporated in Malaysia who are involved in the semiconductors and electronics systems, spanning the full value chain from IC and system design, to assembly, test and system manufacturing.

MSIA serves as a unified platform that connects industry, government, and academia, ensuring that the critical needs and insights of the sector are effectively channelled to policymakers while nurturing a competitive and sustainable semiconductor ecosystem. Through strategic partnerships and engagement with both local and international stakeholders, MSIA plays a pivotal role in fostering industry collaboration, enhancing ecosystem resilience, and promoting Malaysia as a strategic destination for global semiconductor investment and growth.
For more information, visit:

Website: www.msia.org.my
Youtube: http://www.youtube.com/@my_E-E_industry_association
LinkedIn: MSIA LinkedIn Official

About Infineon Technologies (Malaysia) Sdn. Bhd.
Infineon Technologies Malaysia is one of the country’s leading semiconductor manufacturers and a key contributor to Malaysia’s electrical and electronics industry, driving innovation in automotive, industrial, power semiconductor and energy-efficient technologies while powering the next generation of AI-enabled solutions through advanced semiconductor technologies.

About Maybank
Maybank is among Asia’s leading financial group and Southeast Asia’s fourth largest bank by assets, with a significant global workforce and an extensive network spanning ASEAN and key international financial centres.

Learn more at: https://www.maybank.com/en/about-us.page

For further information, please contact:
Noelle Lim | Head Of Communications, Group Global Banking, Maybank
+65 92334794 | [email protected]

Government, Banking and Industry Unite to Advance Melaka’s Semiconductor Future

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KUALA LUMPUR, 9 July 2026 – The Malaysian Investment Development Authority (MIDA) and Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) today strengthened their collaboration to help Malaysian automotive component vendors accelerate their Environmental, Social and Governance (ESG) adoption, equipping them to meet rising global sustainability requirements and remain competitive in international supply chains.

Approximately 50 Perodua vendors participated in the ESG Awareness Session held at Perodua Headquarters, Sungai Choh, Rawang, where they gained practical guidance on ESG implementation, emerging sustainability expectations, and available government support.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, stated, “Sustainability is no longer optional. It is a business imperative for companies seeking to compete in global supply chains. As ESG becomes an increasingly important factor in investment and sourcing decisions, Malaysian companies, particularly SMEs, must strengthen their sustainability capabilities to remain globally competitive. Through our collaboration with Perodua, MIDA is equipping local vendors with the knowledge, facilitation and financial support they need to accelerate their ESG journey through initiatives such as the Domestic Investment Accelerator Fund (DIAF) – ESG Adoption. By strengthening domestic capabilities today, we are helping Malaysian companies seize future opportunities while supporting the nation’s transition towards a more sustainable and resilient industrial economy.”

The programme builds on the successful collaboration between MIDA and Perodua under the MIDA–Perodua Digital Transformation Ecosystem (DTE) Programme by expanding the partnership beyond digitalisation to also strengthen ESG capabilities and promote sustainable business practices among local vendors. As global supply chains evolve, sustainability has become an increasingly important requirement for manufacturers seeking to remain competitive and meet international market expectations.

The programme featured an industry sharing session by Dr. John Loh, Chief Executive Officer of Emerging EEPC Sdn. Bhd., who shared Emerging EEPC’s ESG transformation journey and the business value realised through ESG adoption, including the support received through MIDA’s Domestic Investment Accelerator Fund (DIAF) – ESG Adoption.

Participants also benefited from a presentation by Mr. Ee Beng, Head of ESG Services, Genashtim Sdn. Bhd., who highlighted practical approaches to integrating ESG into business operations and introduced the B Impact Assessment (BIA) as a framework to help companies assess, measure and continuously improve their ESG performance.

The session concluded with a briefing by MIDA on the Domestic Investment Accelerator Fund (DIAF) – ESG Adoption, which outlined the financial assistance available to Malaysian companies to support ESG adoption, as well as the eligibility criteria and application process.

Dato’ Sri Zainal Abidin Ahmad, Perodua President & Chief Executive Officer, said, “We appreciate MIDA’s continued support in advancing ESG adoption, particularly among SMEs, as stronger sustainability capabilities will enable more local vendors to participate meaningfully in the automotive supply chain.

“Perodua remains committed to supporting ESG initiatives across the automotive ecosystem and will continue to lead by example by integrating ESG principles and the Sustainable Development Goals (SDGs) into our business operations and supply chain development,” he added.

MIDA reaffirmed its commitment to supporting Malaysian companies through strategic partnerships and targeted facilitation programmes. Through its collaboration with Perodua, MIDA continues to support local suppliers in strengthening their ESG capabilities to meet evolving global sustainability requirements, thereby enhancing their competitiveness and resilience.

The ESG Awareness Session forms part of MIDA’s broader efforts to accelerate ESG adoption across Malaysian industries and promote sustainable industrial development in line with the country’s economic aspirations and the National Investment Aspirations (NIA). This initiative also aligns with the strategic pillars of the #InvestLokal campaign by empowering the local automotive supply chain ecosystem, helping local automotive vendors build sustainable, resilient future-ready manufacturing capabilities.

From left to right:
Puan Zuraini binti Mustapha, Senior Deputy Director, Domestic Investment Division, MIDA; Mr. Pravinganesha a/l Rajoo, Deputy Director, Sustainability Division, MIDA; Mr. Borhan Din, Senior Director, Corporate Strategy of Perodua; Mr. Sukri Bin Abu Bakar, Director, Domestic Investment Division, MIDA; Yang Berbahagia Datuk Noor Zakiyah Hasan, Chief Financial Officer of Perodua; Mr. Faizal Jalaludin, Executive Director, Investment Promotion, MIDA; Mr. Ee Beng, Head of ESG Services, Genashtim Sdn. Bhd.; Dr. John Loh, Chief Executive Officer of Emerging EEPC Sdn. Bhd. and Ms. Zalfizah Zakaria, Perodua.

Yang Berbahagia Dato’ Sri Zainal Abidin Ahmad, President and Chief Executive Officer of Perodua

Mr. Faizal Jalaludin, Executive Director, Investment Promotion, MIDA

– 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 in 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 opportunities arising from the current technology revolution. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About Perodua

Established in 1993, Perodua has grown in terms of production as well as car registration, and now becoming the national car company that is leading the industry into the Electric Vehicle (EV) era. By doing so, we lead over 100,000 local workers within the automotive ecosystem into the next stage of the industry’s future. We do more than just making cars, we also develop new technologies and at the same time, train Malaysians to be self-reliance in this industry.

For media enquiries, please contact:

MIDA

Mr. Sukri Abu Bakar
Director, Domestic Investment Division
Malaysian Investment Development Authority (MIDA)
Tel: +603-2267 3685
Email: [email protected]

Perodua

MIDA and Perodua Strengthen ESG Readiness to Future-Proof Local Automotive Component Vendors

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SHAH ALAM, Selangor, 7 July 2026 – Leading power infrastructure solutions provider TAMCO and global solar and energy storage innovator, Hoymiles today announced a strategic partnership to support the development of Malaysia’s future energy infrastructure, bringing together global energy storage technologies with local industrial expertise.

The first phase of the partnership will see TAMCO undertake the local assembly of Hoymiles’ AI-enhanced 5MWh and 6MWh liquid-cooled utility-scale Battery Energy Storage Solutions (BESS) at its facility in Shah Alam. Leveraging Hoymiles’ globally deployed energy storage technologies and TAMCO’s six decades of experience in delivering power infrastructure solutions, the collaboration expands TAMCO’s energy solutions portfolio while enabling greater local accessibility and support for large-scale energy storage in Malaysia.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA, said, “Malaysia’s energy transition presents significant opportunities to strengthen domestic industrial capabilities while accelerating the adoption of advanced clean energy technologies. The collaboration between TAMCO and Hoymiles demonstrates how global expertise can complement Malaysian engineering strengths to deepen local supply chains, facilitate technology transfer and create high-value opportunities for local businesses and talent. In line with the aspirations of the New Industrial Master Plan 2030 and the National Energy Transition Roadmap, partnerships such as this will strengthen Malaysia’s industrial competitiveness while delivering broader economic and socioeconomic benefits for the rakyat.”

Wong Jun Pin, CEO of TAMCO Switchgear (Malaysia) Sdn. Bhd., said, “Innovation creates possibilities, but execution and long-term commitment are what transform them into solutions that industries and communities can depend on. That belief has guided TAMCO for more than six decades and will continue to shape how we contribute to Malaysia’s evolving energy landscape. Our partnership with Hoymiles represents an important step in expanding the solutions we deliver while strengthening the engineering expertise and technical capabilities needed for the country’s future energy infrastructure.”

Dr. Zhao Yi, Chief Technology Officer and Vice President of Hoymiles, stated, “Across global markets, we have learned that the success of advanced energy solutions depends as much on trusted local partnerships as it does on technology. Malaysia has built a strong foundation for the future of energy, and TAMCO’s engineering expertise and deep understanding of the local operating environment make them an ideal partner to translate our global experience into solutions that deliver value locally.”

Malaysia’s energy transition is entering a new phase of infrastructure development driven by rising investments in digital infrastructure, advanced manufacturing and renewable energy. Under the National Energy Transition Roadmap (NETR), the Government aims for renewable energy to contribute 40% of installed electricity capacity by 2035 and 70% by 2050. As Malaysia’s energy mix becomes increasingly diversified, resilient energy infrastructure, advanced storage systems and strong local execution will be critical to supporting long-term energy security and economic growth.

The announcement was witnessed by Mr. Sherulanuar Abd Karim, Director of the Malaysian Investment Development Authority (MIDA) Selangor,as both companies embark on an alliance that advances Malaysia’s ambition to strengthen industrial capabilities and accelerate the development of future-ready energy infrastructure.

In line with the evolving energy landscape, the collaboration between TAMCO and Hoymiles seeks to strengthen Malaysia’s capabilities in deploying and supporting utility-scale energy storage solutions. Beyond local assembly, the partnership encompasses system integration, testing, commissioning, servicing and long-term maintenance, while progressively expanding into technical knowledge exchange, specialist talent development and localisation initiatives. Together, these efforts will reinforce Malaysia’s industrial capabilities and position the country as a regional hub for advanced energy infrastructure.

With more than six decades of experience, TAMCO is an established power infrastructure solutions provider specialising in the engineering, manufacturing and distribution of switchgear and electrical distribution solutions. The company has deployed more than 300,000 switchgear units globally and supports over 2,300 substations across Malaysia, Dubai and Australia. Trusted by organisations including Tenaga Nasional Berhad (TNB) and PETRONAS for more than 35 years, TAMCO continues to expand its capabilities to support the evolving needs of the energy sector through engineering, testing, manufacturing and long-term technical support.

Hoymiles is a provider of solar and energy storage solutions serving customers across more than 190 countries and regions. Recognised as a BloombergNEF Tier 1 Energy Storage manufacturer and recipient of the EcoVadis Gold Medal for sustainability, the company develops smart energy technologies that support renewable energy deployment across residential, commercial and utility-scale applications.

– 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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

For media enquiries, please contact:

MIDA

Mr. Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division
Email: [email protected]
Phone: +603-2267 6655

TAMCO PR AGENCY
RUBIX

Chang Yan
E: [email protected]

T: +6018 257 3127Chang Yan

Matthew Chong
E: [email protected]

T: +6011 2650 9133

TAMCO and Hoymiles Partner to Strengthen Malaysia’s Next-Generation Energy Infrastructure

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Kuala Lumpur, 24 June 2026 – The Malaysian Investment Development Authority (MIDA) today hosted the MIDA-GreatAsic Value Chain Programme, bringing together key stakeholders from government, industry and ecosystem partners to witness the exchange of a strategic collaboration between homegrown local company, GreatAsic Technology Sdn. Bhd. and Xenith Technology Malaysia Sdn. Bhd., the Malaysian unit of China-based Xenith Technology.

The programme highlights the tangible outcomes that emerge when investments, talent development initiatives and ecosystem-building efforts converge to create meaningful opportunities for Malaysian companies and engineering talent. While centred on a single project, the collaboration reflects Malaysia’s broader aspirations to strengthen domestic capabilities, deepen industry linkages and move further up the semiconductor value chain — consistent with the objectives of the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS).

From left to right:
1. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA
2. Mr. William Liang, Director Xenith Technology (Malaysia) Sdn. Bhd.
3. Mr. Ong Chin Hu, Founder and CEO of GreatAsicTechnology Sdn. Bhd.
4. Ms. Zaiton Yahya, Director of Manufacturing Industry, Science and Technology Section Division, Ministry of Economy

Speaking at the event, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, stated, “The collaboration between GreatAsic and Xenith represents more than a commercial agreement. It reflects growing confidence in Malaysian capabilities, trust in our engineering talent, and the increasing ability of local technology companies to participate in high-value segments of the global semiconductor industry.”

“Integrated circuit design is one of the highest-value segments of the semiconductor value chain, requiring specialised expertise, advanced engineering capabilities and continuous innovation. Through collaborations such as this, Malaysia is strengthening its position within the global semiconductor ecosystem while creating meaningful opportunities for our engineers and industry players to move up the value chain, supporting the objectives of the NIMP 2030 and the NSS.”

Mr. Ong Chin Hu, Founder and CEO, GreatAsic Technology Sdn. Bhd. said,“Through this collaboration with Xenith, we are not only advancing Advanced Driver Assistance Systems (ADAS) and next-generation semiconductor design capabilities, but also opening up new technical horizons for GreatAsic and for Malaysia’s IC design landscape as a whole. This partnership reflects the growing strength and confidence in Malaysia’s engineering talent and ecosystem.

We would like to express our sincere appreciation to the Malaysian Government, especially MIDA, for their continuous support in enabling such high-value collaborations. Initiatives like this are creating real opportunities for Malaysian companies to move up the value chain, particularly in advanced areas such as ADAS and intelligent mobility technologies.

In many ways, this is a clear example of how Malaysia is capturing the opportunities from the global semiconductor shift, while building stronger local capabilities for the future.”

Mr. William Liang Weiqiang, Director of Xenith Technology (Malaysia) Sdn. Bhd. said, “This collaboration with GreatAsic represents an important milestone in advancing Malaysia’s semiconductor design capabilities. By combining our expertise in advanced SoC development with GreatAsic’s strong local engineering talent, we aim to develop next-generation ADAS sensor processing solutions that address the growing demands of intelligent mobility.

Beyond technology development, we see this partnership as an opportunity to strengthen Malaysia’s domestic semiconductor ecosystem through knowledge transfer, talent development, and the creation of high-value design capabilities. We look forward to working closely with GreatAsic to deliver innovative semiconductor solutions while contributing to the long-term growth of the industry in Malaysia.”

A key highlight of the event was the “CEO Fireside Chat #BorakBersamaCEOMIDA: Developing Malaysia’s Future Semiconductor Workforce”.This interactive session featured 20 newly recruited Malaysian engineers onboarded by GreatAsic. The session highlighted the direct impact of this collaboration on local human capital development, offering these engineers hands-on experience in world-class technical design and global technology trends.

Beyond its immediate impact on semiconductor design capabilities, the collaboration is also expected to support GreatAsic’s expansion into emerging technology segments such as ADAS and EVs. These sectors represent some of the fastest-growing areas of the global technology industry and are driving increasing demand for advanced semiconductor solutions.

By participating in projects within these high-growth sectors, Malaysian companies and engineers are building the expertise required to compete in the industries of tomorrow. This aligns with Malaysia’s efforts to create a highly skilled workforce and develop indigenous technological capabilities that support long-term economic competitiveness.

The programme also underscores the importance of strong collaboration among government ministries and agencies, multinational corporations, local technology companies and ecosystem partners in achieving Malaysia’s semiconductor ambitions. The presence of representatives from the Ministry of Investment, Trade and Industry (MITI), Ministry of Economy, Malaysian Institute of Microelectronic Systems (MIMOS), Northern Corridor Implementation Authority (NCIA), and Selangor Information Technology and Digital Economy Corporation (SIDEC), reflects a shared commitment towards advancing Malaysia’s technology ecosystem.

As Malaysia advances the implementation of the NIMP 2030 and NSS, MIDA continues to assume a key role in facilitating strategic collaborations that strengthen local supply chains, expand industry participation, and create pathways into emerging technology domains.

Through initiatives such as the Xenith-GreatAsic collaboration, Malaysia continues to reinforce its position as a leading semiconductor hub in the region and a key player within the global semiconductor value chain.

– THE END –

About MIDA

About GreatAsic Technology Sdn. Bhd.

GreatAsic Technology Sdn. Bhd. is a Malaysia-based integrated circuit (IC) design company specialising in custom ASIC and System-on-Chip (SoC) solutions. Headquartered in Penang with operations in Selangor, the company provides end-to-end silicon design capabilities, supported by hardware-software co-design expertise and a team with extensive experience in successful silicon tape-outs and high-volume production. GreatAsic serves a range of applications across data centres, edge AI, automotive and intelligent computing markets, supporting the advancement of Malaysia’s semiconductor ecosystem.

For media enquiries, please contact:

MIDA

Mr. Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division
Email: [email protected]
Phone: +603-2267 6655

GreatAsic Technology Sdn. Bhd.

Mr. Ong Chin Hu
Founder and Chief Executive Officer
Email : [email protected]
Phone : +603 8066 6637

MIDA-GreatASIC Value Chain Programme Strengthens Malaysia’s Semiconductor Ecosystem Through Strategic Industry Collaboration

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Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA) leads a five-university academic front to deploy the structured ‘MRI3’ framework for advanced industrial internships and direct employment pipelines.

KUALA LUMPUR, 23 June 2026: As Malaysia’s electric vehicle (EV) transition accelerates, Feytech Holdings Berhad (Feytech) today signed a Memorandum of Understanding (MoU) with the Consortium Automotive of Malaysian Universities (CAuto), led by Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA) and
witnessed by the Malaysian Investment Development Authority (MIDA) to establish an industry-first multi-university internship pipeline connecting five major technical public universities with the automotive manufacturing sector.

CAuto’s formation unifies Malaysia’s top technical universities into a singular academic front, and this milestone agreement with Feytech delivers concrete pathways for students.

Under the joint Ministry of Higher Education Research and Industry-Infused Incubator (MRI3) framework, Feytech will provide critical work-based learning (WBL), industrial training and final year project opportunities.

It also provides competitive internship allowances and commits to full sponsorships for select student final year projects to build a resilient employment pipeline. Suitable engineering graduates will be targeted for strategic career pathways within Feytech’s ecosystem, keeping Malaysian engineering talent at the forefront of the EV and smart manufacturing era.

Witnessing the MoU signing, MIDA CEO, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said that this partnership comes at an opportune time and is instrumental in empowering local public technical institutions to align more closely with the needs of next-generation automotive ecosystems.

He said, “Malaysia’s ability to attract and sustain high quality investments depends on the strengths of its talent pipeline. As the automotive industry undergoes rapid transformation driven by electrification, automation, and digitalisation, closer collaboration between industry and academia has become more important than ever.

This collaboration goes beyond internships and industrial training. It creates a pathway for students to learn from real manufacturing environments, work with actual production technologies, solve industry challenges, and contribute to innovation even before they graduate. At the same time, it supports the development of local capabilities and talent required to strengthen supply chain localisation, enhance
competitiveness, and increase the participation of Malaysian companies in higher value-added activities within the automotive ecosystem.”

Meanwhile, the CEO of Feytech, Connie Go emphasised the importance of talent development and technology advancement as the country transitions rapidly towards EV adoption.

“While the Government continues to support the industry through progressive policies, industry players must play their part by creating opportunities for students, developing future-ready talent and supporting technology transfer.

“This partnership with CAuto ensures we’re not just meeting today’s workforce needs but preparing students for the AI-integrated smart factories and EV production environments of tomorrow,” she added.

At the same time, Prof. Ts. Dr. Yatimah Alias, the Chairman of CAuto and Vice-Chancellor of UMPSA, representing the five-member universities (UMPSA, UTHM,UTeM, UniMAP, and UTM), highlighted the collective strength of the academic network.

“This partnership is an important step in bringing universities and industry closer together. Through CAuto, students from five public universities will have greater access to meaningful industry exposure and practical learning opportunities in the electric vehicle and automotive manufacturing sectors.

We want our students to understand real industry expectations, apply what they learn in the classroom and be better prepared for the workplace. At the same time, this collaboration will help universities keep their programmes relevant to the changing needs of the industry,” she said.

Ms. Connie Go, CEO of Feytech Holdings Berhad, and Prof. Dato’ Ts. Dr. Yatimah Binti Alias, Vice-Chancellor of Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA), exchanged the Memorandum of Understanding (MoU), witnessed by YBhg. Datuk Sikh Shamsul Ibrahim Bin Sikh Abdul Majid, CEO of MIDA.

From left to right:

Mohd Riduan Abd. Rahman, Executive Director, Investment Facilitation, MIDA
Datuk Syed Hisham Syed Wazir, Chairman, Progressive Impact Corporation Berhad
Prof. Dr. Yatimah Binti Alias, Vice Chancellor, Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA)
Tan Sri Dato’ Sri Ben Yeoh, Executive Chairman, Bermaz Auto Berhad
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO, MIDA
Connie Go, CEO, Feytech Holdings Berhad
Dato’ Mazlan Mohamad, Independent Non-Executive Chairman, Feytech Holdings Berhad

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About Feytech
Feytech Holdings Berhad is a Malaysian automotive components manufacturerspecializing in:

Automotive seat covers
Interior trim covers (steering wheel, door trim, gear knob, console covers)
Fully assembled automotive seats
PDI (Pre-Delivery Inspection) seat upgrading and restyling services
Replacement and repair (REM) automotive covers for aftermarket customers

The group has been in the automotive cover business for over 20 years and expanded into full automotive seat manufacturing in 2021. Today, it supplies both national and international vehicle brands.

About Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA)

Established as a technical university in 2002, Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA) offers various engineering- and technology-based technical programmes, including high-level Technical and Vocational Education and Training (TVET) programmes.

Ranked as the best Malaysia Technical University Network (MTUN) in QS World University Rankings 2027 and the best in research and innovation as Non-Research University (Non-RU), UMPSA is steadfastly committed to innovating and developing unique academic programmes through strategic international collaborations.

In research, UMPSA collaborates with local industries to focus on industry-related applications. Such research collaboration enriches the teaching and learning modules at the university and simultaneously promotes the commercialisation of research output and products.

For media enquiries, please contact:

MIDA
Name: Puan Azrina Hashim
Designation: Director, Industry Talent Management and Expatriate Division
Email: [email protected]
Tel: +603-2267 3454

Feytech Holdings Berhad
Name: Ms Michelle Tan
Designation: P.A to CEO
Email: [email protected]
Tel: +6012-2188861

UMPSA
Name: Mimi Rabita Abdul Wahit
Designation: Director for Corporate Communications
Email: [email protected]
Tel: +6019-9887321

FEYTECH Inks the First CAuto Partnership to Address Critical Automotive Talent Gap for EV Era

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ANDOVER, Mass., United States and KUALA LUMPUR, Malaysia, 20 June 2026 — MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, has opened its MKS Supercenter Factory in Penang, Malaysia. Located on a 17- acre site with approximately 350,000 square feet of built-up space, the facility will support the growing global demand for wafer fabrication equipment. Developed in multiple phases, the project’s first phase is now complete. Upon completion of all phases, the Super Centre Factory is expected to create more than 1,000 jobs and will represent a strategic investment of over RM400 million, reinforcing Malaysia’s position as a preferred destination for high-value, technology-driven investments, aligned with the aspirations of the New Industrial Master Plan (NIMP) 2030.

The grand opening ceremony was officiated by YAB Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia, and attended by representatives from the Malaysian Investment Development Authority (MIDA), InvestPenang and other relevant government agencies. The milestone underscores Malaysia’s growing role as a hub for advanced manufacturing and semiconductor innovation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, added, “MKS’s Supercenter Factory represents a significant milestone in Penang’s continued evolution as a global hub for advanced manufacturing and semiconductor innovation, aligning with the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS). This also underscores the state’s strong value proposition — from a highly skilled talent pool to a well-established industrial ecosystem and robust infrastructure that supports hightech manufacturing.” He added, “MKS’s presence here complements our ambition to move further up the semiconductor value chain, and we are proud to support the company’s continued growth in Penang.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, emphasised, “MKS’ investment reflects the growing shift towards higher-value manufacturing and technology-driven activities in Malaysia. The M&E industry recorded RM3.5 billion in approved investments in the first quarter of 2026, reaffirming its position as a cornerstone of Malaysia’s manufacturing landscape. Beyond its scale, this project will deepen domestic supply chain capabilities, strengthen industry-academia collaboration in talent development and create greater opportunities for Malaysian companies to participate in higher-value activities. In line with the aspirations of the NIMP 2030, investments such as this are instrumental in generating quality jobs, accelerating industrial upgrading and delivering broader economic benefits for the people.”

“MKS’ Supercenter Factory represents a significant milestone in Penang’s continued evolution as a global hub for advanced manufacturing and semiconductor innovation,” said Dato’ Loo Lee Lian, CEO of InvestPenang. “This investment underscores the state’s strong value proposition — from a highly skilled talent pool to a well-established industrial ecosystem and robust infrastructure. We are proud to support MKS in this journey and look forward to the long-term economic and technological benefits this facility will bring to Penang and Malaysia.”

“The opening of our Super Centre Factory in Penang reflects the strength of Malaysia’s industrial ecosystem, the depth of local talent, and our shared commitment to innovation,” said John T.C. Lee, President and CEO of MKS. “This new facility brings us closer to our customers and partners, enhancing our ability to deliver advanced semiconductor manufacturing solutions while contributing to progress across the global value chain. We are deeply appreciative of the continued support from MIDA and the Malaysian government throughout our investment journey.”

The grand opening celebration featured highlights of the project and technology, and recognised the strong partnership between MKS, MIDA and InvestPenang. The investment reinforces Malaysia’s strategic role in the global semiconductor ecosystem while supporting supply chain resilience, advanced manufacturing capabilities and long term industrial growth.

– 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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), Global Business Services (GBS) Focus Group (promoting and developing digital economy), Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises), and Penang ATE Campus (accelerating the co‑development, qualification, and scaling of Malaysian ATE solutions by enabling first customer deployment). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About MKS Inc.

MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the expected job creation from MKS’ Super Center Factory and the amount of MKS’ strategic investment in the Super Center Factory. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division
Email: [email protected] Tel. : +603 22676769

InvestPenang
Ms. Elaine Cheah
Communications & Business Intelligence
Email:[email protected] Tel. : +604 6468833

MKS Inc.
Mr. Bill Casey
Vice President,
Marketing Email: [email protected] Tel. : +1 630 995 6384 

Ms. Kerry Kelly
Partner, Kekst CNC
Email: [email protected]

MKS Celebrates Opening of Supercenter Factory In Malaysia, Strengthening Semiconductor Manufacturing Capabilities

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Penang, Malaysia, 18 June 2026 – Winner Sky Technology Sdn. Bhd. officially opened its new 60,000-square-foot manufacturing facility in Batu Kawan, Penang on 4 June 2026, marking a significant step in the company’s growth trajectory. The expansion — which triples the company’s production footprint and anchors a total investment commitment of RM70 million over five years — underscores Winner Sky Technology’s confidence in Malaysia as a long-term base for high-value electronics manufacturing.
The company, which currently employs approximately 150 people, plans to grow its workforce to more than 450 over the same period.

The grand opening was officiated by YAB Chow Kon Yeow, Chief Minister of Penang, and attended by Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang; Mr. Lam Yin Kee, Chairman of Alltronics Holdings Limited, Hong Kong; and Mr. Eric Lam Chee Tai, Chief Executive Officer of Winner Sky Technology Malaysia. The event brought together distinguished guests from government agencies, industry partners, customers, suppliers, and the local business community.

Established in 2019, Winner Sky Technology has grown from a modest operation into a trusted Electronics Manufacturing Services (EMS) provider, serving customers across industrial electronics, energy control systems, and the Internet-of-Things (IoTs). Headquartered in Hong Kong with manufacturing operations across China, Vietnam, and now Malaysia, the company’s decision to expand significantly in Penang
reflects its long-term commitment to the country’s talent and industrial ecosystem.

The new facility is equipped with the latest Surface Mount Technology (SMT) production lines, integrated Smart Factory systems, and Industry 4.0 capabilities, significantly enhancing the company’s production capacity and positioning it to deliver high-quality, innovative electronic manufacturing solutions to customers worldwide.

YAB Chow Kon Yeow stated, “Winner Sky Technology’s commitment to expansion demonstrates confidence not only in the company’s own growth prospects, but also in Penang’s ability to support that growth over the long term. The Penang State Government, through InvestPenang and our federal partners, remains committed to facilitating investments, strengthening industry partnerships, and ensuring that Penang remains an attractive destination for both global and domestic investors.”

Welcoming the expansion, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, said: “Winner Sky Technology’s decision to anchor a major expansion in Malaysia is a strong endorsement of what this country offers — a skilled workforce, a competitive industrial ecosystem, and a government that is firmly committed to enabling quality investment. This is precisely the kind of high-value, technology-intensive foreign investment (FI) that Malaysia’s New Industrial Master Plan (NIMP) 2030 is designed to attract and retain. Beyond the capital investment, what stands out here is the genuine commitment to local workforce development, supply chain integration, and technology transfer — the building blocks of sustainable industrial growth. MIDA will continue to work closely with investors like Winner Sky Technology to ensure Malaysia remains a preferred destination for advanced manufacturing.”

Speaking on the company’s vision for its Malaysian operations, CEO Mr. Eric Lam said: “Our commitment to this country is total. We want to hire Malaysian engineers, Malaysian technicians, Malaysian operators, and Malaysian managers. We believe the sustainable way to build a world-class manufacturing facility is to invest deeply in the local community, learn the culture, and create high-skill, high-value careers right
here in Batu Kawan.

“Our investment does not stop at our factory doors. True partnership means building together. We are fully committed to growing alongside the local economy by actively sourcing from Malaysian vendors, component suppliers, and service providers. By integrating Penang’s robust local supply chain into our global network, we are not just creating a standalone factory — we are nurturing a thriving ecosystem where local businesses succeed alongside us.”

Mr. Foong Chee Leong, General Manager of Winner Sky Technology, expressed his appreciation to employees, customers, suppliers, and government agencies for their continued support.

“This facility represents more than an investment in equipment and infrastructure. It reflects our confidence in Malaysia’s talent, our commitment to manufacturing excellence, and our vision of building a sustainable, world-class EMS company. We are especially proud that our products are 100% made by Malaysians — supported by a dedicated workforce that includes experienced professionals and members of the local community. As we continue to grow, we remain committed to creating quality employment, developing local talent, and contributing to Malaysia’s manufacturing competitiveness.”

Winner Sky Technology expects the new facility to drive substantial business growth. Through increased production capacity, operational efficiency, and higher-value manufacturing services, the company projects a roughly threefold increase in revenue over the coming years.

The opening further strengthens Penang’s standing as a leading destination for advanced manufacturing and highlights the state’s continued attractiveness for high-technology investment. The expansion aligns squarely with Malaysia’s ambitions under the NIMP 2030 to accelerate industrial digitalisation, build supply chain resilience, and promote high-value manufacturing as a cornerstone of sustainable economic growth.

**From left to right:**

1. Dato Seri Haji Amir Hamzah, Executive Chairman of Matrix
2. Mr. Muhammad Ghaddaffi, Director of MIDA Penang
3. Ms. Lam Oi Yan, Executive Director of Altronics
4. Mr. Lam Yin Kee, Chairman of Altronics Holdings Berhad
5. Tuan Chow Kon Yeow, Y.A.B Chief Minister of Penang,
6. Mr. Eric Lam Chee Tai, Chief Executive Officer of Winner Sky Technology
7. Ms. Ivy Lam, Executive Director/Director of Altronics
8. Mr. Foong Che Leong, General Manager of Winner Sky Technology
9. Mr. So Kin Hung, General Manager of Altronics

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion
of investment. Its objectives are to develop and sustain Penang’s economy by
enhancing and continuously supporting business activities in the State through foreign
and local investments, including spawning viable new growth centers. To realise its
objectives, InvestPenang also runs initiatives like the SMART Penang Center
(providing assistance to SMEs), Penang CAT Center (for talent attraction and
retention), Global Business Services (GBS) Focus Group (promoting and developing
digital economy), Penang Silicon Design @5km+ (establishing a unique and
interconnected ecosystem for IC design and technology enterprises) and Penang ATE
Campus (accelerating the co‐development, qualification, and scaling of Malaysian
ATE solutions by enabling first-customer deployment). For more information, please
visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels:
Facebook; LinkedIn; WhatsApp Channel and TikTok.

About Winner Sky Technology

Established in 2019, Winner Sky Technology is an Electronics Manufacturing Services
(EMS) provider with its headquarters in Hong Kong and manufacturing operations
across China, Vietnam serving customers across industrial electronics, energy control
systems, Internet-of-Things (IoTs), and industrial electronics industries.

For media enquiries, please contact:

MIDA
Name: Mr. Mohd Mazlan Mokhtar
Designation: Director, Electrical and Electronics Division, MIDA
Email: [email protected]
Tel: +603-2267 6655

InvestPenang
Name: Elaine Cheah / Ong Yih Hwa
Email: [email protected] / [email protected]
Tel: +604-646 8833

Winner Sky Technology
Name: CL Foong
Email: [email protected]
Mobile: +6012-4946101

Name: Caren Ong
Email: [email protected]
Mobile: +60 125506322

Winner Sky Technology Celebrates Grand Opening of New Manufacturing Facility in Penang

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Japan emerges as the largest foreign investor with a 13.8x surge, while Selangor leads as the top recipient of approved investments

For January to March 2026 (Q1 2026), Malaysia attracted RM92.8 billion in approved investments across the services (RM60.8 billion, 65.5%), manufacturing (RM24.1 billion, 26.0%), and primary (RM7.9 billion, 8.5%) sectors.

While total investment value dipped by a marginal 0.2% y-o-y, approved projects are expected to create 50,226 new jobs, representing a 46.7% increase from the same period last year.

Foreign Investments (FI) accounted for 60.5% or RM56.2 billion of total approved investments, while Domestic investments (DI) grew 13.0% y-o-y to RM36.6 billion, representing 39.5% of total approvals, reflecting growing confidence among Malaysian businesses.

Top five (5) sources of FI were led by Japan (RM21.5 billion, a 13.8x y-o-y surge), followed by the People’s Republic of China (RM10.1 billion), the United States (RM10.1 billion), Singapore (RM6.7 billion) and Thailand (RM2.5 billion).

The top five (5) states that recorded the highest approved investments were Selangor (RM33.5 billion, a 3x y-o-y surge), Johor (RM16.9 billion), W.P. Kuala Lumpur (RM16.9 billion), Pulau Pinang (RM6.2 billion) and Sarawak (RM4.0 billion).

KUALA LUMPUR, 08 June 2026 – Malaysia continues to demonstrate economic resilience amid global geopolitical uncertainty, securing RM92.8 billion in approved investments for the first quarter of 2026 (Q1 2026), with Japan emerging as the largest foreign investor, and domestic investment recording its strongest year-on-year growth in the reporting quarter.

The investments comprise 1,249 projects across the services, manufacturing, and primary sectors. While the total value recorded a marginal 0.2% decline compared to RM93.0 billion in Q1 2025, approved projects are expected to create 50,226 new jobs, representing a 46.7% increase from the same period last year, underscoring stronger labour market impact from approved investments. These approved investments will continue to support income opportunities and Malaysia’s low unemployment rate, underscoring Malaysia’s economic stability amid a challenging global environment.

Among foreign investors, Japan emerged as the largest source of approved investments with RM21.5 billion — a significant increase from RM1.6 billion recorded in Q1 2025 — followed by the People’s Republic of China (RM10.1 billion), the United States (RM10.1 billion), Singapore (RM6.7 billion) and Thailand (RM2.5 billion). The strong Japanese investment performance reflected the deepening economic ties between Malaysia and Japan under the Malaysia–Japan Comprehensive Strategic Partnership established in December 2023. Notably, 93.6% of Japanese approved investments in Q1 2026 were channelled into digital transformation activities, reflecting Malaysia’s growing role in regional high-technology and digital supply chains.

Selangor recorded the highest value of approved investments at RM33.5 billion, followed by Johor (RM16.9 billion), W.P. Kuala Lumpur (RM16.9 billion), Pulau Pinang (RM6.2 billion) and Sarawak (RM4.0 billion). The top three states have solidified their standing as global data centre hubs, underpinned by a proven track record in attracting investments from tech giants. This success is driven by the integration of Cyberjaya’s mature infrastructure, Johor’s strategic positioning as a key alternative to Singapore, and Kuala Lumpur’s role as the nation’s primary network connectivity and financial heart. MIDA’s Data Centre Task Force is now highly selective, rewarding speed to market only for operators who demonstrate genuine sustainability and long term commitment.

YM Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Chairman of MIDA, said, the Q1 2026 performance reflected Malaysia’s growing ability to attract investments that are more resilient, technology-driven and value-creating for the economy:

“Malaysia’s Q1 2026 investment performance sends a clear signal – our economic fundamentals are strong. Both global and domestic investors continue to place confidence in this nation. With GDP growing at 5.4% and Moody’s projecting Malaysia as the fastest-growing A-rated economy over the next two years, we are proving that Malaysia is not just participating in regional value chains. We are emerging as a strategic hub for the industries that will define ASEAN and Asia’s next decade.”

“At MIDA, our focus is to turn this momentum into real value for Malaysians. Through #InvestLokal and the New Incentive Framework for the Manufacturing Sector introduced on 1 March 2026, we are prioritising quality, tech-driven investments that strengthen local industry participation and create high-value jobs. Malaysia is firmly positioning itself at the centre of global value chains – as a resilient, future-ready investment hub for the world,” he added.

SERVICES SECTOR ANCHOR INVESTMENT MOMENTUM

The services sector remained the largest contributor, accounting for RM60.8 billion or 65.5% of total approved investments, involving 731 projects expected to create 19,758 new jobs.

Top-Performing Sub-Sectors under Services:

Information and communications: RM38.9 billion
Real estate: RM15.6 billion
Utilities: RM2.9 billion
Distributive trade: RM1.1 billion
Hotel & Tourism: RM1.1 billion

FI in the services sector rose by 7.9% to RM37.4 billion (61.5%), while DI contributed RM23.4 billion (38.5%). Growth was mainly driven by the Information and Communications subsector, which contributed RM38.9 billion, supported by growing global demand for AI and Digital Transformation. Investments in data centres and cloud computing alone, accounted for RM34.6 billion across 33 projects — representing 88.9% of the subsector’s total approvals.

Global investment momentum in digital infrastructure continues to strengthen. According to the United Nations Conference on Trade and Development (UNCTAD) Global Investment Trends Monitor No. 50 (January 2026), global greenfield investment in data centres exceeded USD270 billion in 2025, accounting for more than one-fifth of total global greenfield value, driven by rising demand for AI and digital connectivity. The report listed Malaysia among the top ten global destinations for data centre projects, reflecting growing investor confidence in the country’s digital ecosystem and regional connectivity.

BMI, a unit of Fitch Solutions, has further noted that Malaysia is prioritising high-value, AI-focused data centre investments, with approximately 4.6 gigawatts of capacity planned or under construction.

This growth is further supported by the continued presence of major hyperscale operators such as Microsoft, Amazon Web Services, and Google, strengthening Malaysia’s position as a regional hub for digital infrastructure and next-generation technologies.

Notable Projects Elevating Malaysia’s Services Sector

Leader Solar Energy III Sdn. Bhd.: A Malaysia-based solar energy project in Kedah under the LSS5+ programme, with an installed capacity of 99.99MW (170 MWp) and an investment of RM261.7 million, is expected to generate renewable electricity and reduce carbon emissions by approximately 2.99 million tonnes of CO₂e over 21 years.

Equinox Solar Farm Sdn. Bhd.: A Malaysia-based solar energy project in Kelantan under the Large-Scale Solar (LSS5+) programme, with an installed capacity of 99.99MW and an investment of RM197.9 million, is expected to reduce carbon emissions by 2.52 million tonnes over 21 years.

BKH Solar Sdn. Bhd.: A joint venture between local renewable energy developer, Conextone Energy, and ENGIE, a global leader in low-carbon energy and services, was established to develop a 30MW solar farm in Bukit Kayu Hitam, Kedah under the Corporate Green Power Programme (CGPP). The project supports renewable energy adoption and Malaysia’s growing green manufacturing ecosystem through a long-term power purchase agreement with STMicroelectronics Malaysia.

MANUFACTURING SECTOR DRIVES HIGH-VALUE EMPLOYMENT OPPORTUNITIES

The manufacturing sector secured RM24.1 billion in approved investments across 501 projects—a 142.0% increase in project count year-on-year, supported by continued investor interest in high-technology and advanced manufacturing activities.

While total manufacturing investment value moderated by 20.8% year-on-year, this was largely due to a lumpy project from a single basic metal project worth RM6.6 billion approved in Q1 2025. Excluding this project, manufacturing investments recorded a positive growth of 1.0% year-on-year, with the higher number of manufacturing projects reflected a broader and more diversified pipeline of high-impact, technology-driven investments.

The sector remained the key driver of employment, with approved projects expected to create 30,468 or 60.7% of total expected jobs. The Managerial, Technical and Supervisory (MTS) index stood at 37.4%, signalling continued progress towards a high-skilled, knowledge-intensive economy in line with the New Industrial Master Plan (NIMP) 2030. Notably, 17.9% of these new jobs offer monthly salaries above RM5,000 — with the chemical industry recording the highest proportion at 34.7% — reflecting Malaysia’s continued move towards higher-value and higher-income employment opportunities.

FI accounted for RM16.1 billion (or 66.6%) of the total approved investments in the manufacturing sector, while DI accounted for 33.4% or RM8.0 billion.

Top Performing Industries:

Electrical and electronics (E&E): RM6.0 billion
Chemical and chemical products: RM3.9 billion
Machinery and equipment: RM3.5 billion
Food Manufacturing: RM3.3 billion
Transport Equipment: RM2.2 billion

Notable Manufacturing Projects Strengthen Malaysia’s Industrial Base

Nexperia Malaysia Sdn. Bhd.: A Netherlands-headquartered global semiconductor manufacturer will expand Discrete and IC Assembly/Test operations in Seremban with an additional investment of RM1.6 billion. The expansion is expected to double the facility’s existing production capacity while creating up to 500 additional skilled jobs and 800 semi-skilled jobs over time to support highly automated production line operations, advanced equipment maintenance, and smart manufacturing systems, to the benefit of Nexperia’s global customer base and Malaysia’s industrial ecosystem.

WaferWise Semiconductor Sdn. Bhd.: A China-origin semiconductor company will invest RM700.0 million to establish a state-of-the-art 12-inch WLCSP (Wafer-Level Chip Scale Packaging) mass production facility, specifically optimised for automotive CMOS image sensors (CIS).

Halo Laser Technologies Sdn. Bhd.: A US-based company and a spin-out from Stanford University is investing RM329.8 million in Malaysia’s semiconductor wafering sector. Specialising in proprietary laser-based manufacturing technologies, the company utilises advanced light-based solutions that deliver higher-quality and lower-cost silicon carbide wafers for applications including AI data centres, e-mobility, energy systems and industrial technologies. This investment strengthens Malaysia’s position in advanced semiconductor materials manufacturing while supporting the growing global demand for next-generation power and high-performance computing applications.

Greatech Integration (M) Sdn. Bhd.: A Penang-based Malaysian automation engineering company will invest RM322.0 million into next-generation growth sectors, including the development of advanced power modules for AI data centres, advanced systems for autonomous vehicle (AV) fleet management and expanding into the semiconductor ecosystem by developing specialised modules and components for both front-end and back-end processes.

Boston Scientific Medical Devices (Malaysia) Sdn. Bhd.: A United States medical technology company will invest RM308.0 million in Batu Kawan, Penang, to expand production of Intravascular Lithotripsy (IVL) devices for advanced cardiovascular treatment.

Biocon Sdn. Bhd.: The India-origin company is expanding its operations in Johor with an additional investment of RM226.1 million, focusing on the production of insulin and insulin analogues, recombinant DNA (rDNA) therapeutic proteins, monoclonal antibodies, and sterile injectable products, as well as advanced drug delivery systems, including auto-injectors, cartridges, and pens.

Aixtron Malaysia Sdn. Bhd.: A Germany-based leading provider of deposition equipment for the semiconductor industry, is investing RM200.0 million (~EUR40 million) in a Global Centre of Excellence for Manufacturing and Engineering focused on Metalorganic Chemical Vapor Deposition (MOCVD) technology. The investment introduces Malaysia’s first front-end deposition segment for compound semiconductors, strengthening the country’s role in the global value chain for next-generation materials such as Gallium Nitride (GaN) and Silicon Carbide (SiC). These advanced materials improve energy efficiency by reducing power losses and cooling requirements across applications, including AI data centres and electric vehicles (EVs).

JPG Fuji Sdn. Bhd.: A joint venture between Johor Plantations Group Berhad (JPG) and Singapore-based Fuji Oil Asia Pte. Ltd. is investing more than RM200.0 million to develop a specialty palm oil refinery as part of JPG’s Integrated Sustainable Palm Oil Complex (iSPOC) in Sedili, Johor. Built with IR4.0 capabilities including process automation, digital monitoring and real-time data capture, the facility will produce higher value-added specialty oils and fats for domestic and export markets. Designed as a renewable energy-powered circular economy complex, iSPOC is also expected to create over 200 jobs for Malaysians through a TVET partnership with the Johor Skills Development Centre.

Hanan Medicare Sdn. Bhd.: A privately-owned Bumiputera company will invest approximately RM194.9 million in Rawang, Selangor, to develop advanced biopharmaceutical, small volume injectables and galenical manufacturing capabilities. The facility will focus on the production of high value-added pharmaceutical products, including insulin, anti-diabetic drugs, contrast media, and general anaesthetics, while leveraging IR4.0 technologies, automation and digitalisation to enhance efficiency, reduce waste and strengthen Malaysia’s pharmaceutical self-sufficiency and healthcare supply chain resilience.

Jemaluang Dairy Valley Sdn. Bhd. (JDV): A wholly Malaysian-owned joint venture will invest RM119.0 million in Mersing, Johor to develop a highly automated smart dairy farming and processing facility under the ECER Incentive Package, integrating advanced technologies and ESG-driven practices to strengthen national food security and modernise the dairy industry.
Sheng Long Aqua Technology (M) Sdn. Bhd.: A China-based aquaculture and livestock feed producer under Haid Group, which is a world-leading agricultural enterprise powered by science and technology, will set up a manufacturing facility in Larut & Matang, Perak, focusing on the production of aquaculture feed for both domestic and regional markets. The facility will adopt automated production processes to enhance efficiency and product quality, while incorporating environmentally responsible practices and responsible sourcing to support sustainable aquaculture development in Malaysia.

PRIMARY SECTOR MAINTAINS STABILITY AMID GLOBAL HEADWINDS

The primary sector secured RM7.9 billion in approved investments across 17 projects, a sharp 418.2% year-on-year increase from RM1.5 billion in Q1 2025, driven entirely by oil and gas projects involving offshore development and exploration activities, particularly in Sarawak. The approved investments are dominated by domestic sources with RM5.2 billion (65.5%), while foreign sources contributed RM2.7 billion (34.5%). This uplift comes amid heightened global energy supply concerns following the Middle East conflict that erupted in late February 2026, prompting Asia-Pacific energy-importing nations to diversify their supply sources — with Malaysia’s upstream resources gaining renewed strategic relevance.

POSITIVE OUTLOOK WITH STRONG PIPELINE OF HIGH-IMPACT INVESTMENTS

Malaysia’s investment outlook remains resilient, supported by a steady pipeline of quality investment proposals. As at 5 May 2026, MIDA is facilitating a solid pipeline of 182 potential projects, collectively valued at RM38.3 billion.

The services sector continues to lead the way, comprising 105 projects worth RM14.1 billion.
Meanwhile, the manufacturing sector maintains its strong showing with 77 projects valued at RM24.2 billion.

MIDA is also in active discussions for an additional RM91.0 billion worth of potential investments—signalling sustained investor interest and confidence in Malaysia’s long-term economic direction and pro-business policies.

IMPLEMENTATION OF APPROVED MANUFACTURING PROJECTS

Malaysia’s investment performance is driven not only by approvals but also by strong implementation outcomes. Strategic platforms such as the National Committee on Investment (NCI), the Investment and Trade Coordination Action Committee, and the Invest Malaysia Facilitation Centre (IMFC) continue to assume a pivotal role in supporting smooth project execution.

Between 2021 and February 2026, the National Committee on Investment approved 5,148 manufacturing projects, of which:

85.0% have reached various implementation stages, ranging from production to factory construction and machinery installation.
11.8% are in the planning phase, focusing on site selection and consultations with developers.
Only 3.2% of projects were abandoned, highlighting Malaysia’s strong project realisation rate.

Annual data shows that:

More than 90% of approved manufacturing projects in 2021 to 2024 have been implemented.
Projects approved in 2025 have recorded a 70.8% implementation rate, in line with the typical 18 to 24 months development cycle for completion, depending on project complexity.

Examples of implemented projects are provided in Appendix I.

Strong implementation rates continue to reflect investor confidence and the effectiveness of Malaysia’s investment facilitation ecosystem, supported by close inter-agency coordination and MIDA’s investor aftercare services.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said Malaysia’s investment performance in Q1 2026 reflects the country’s strong facilitation and project execution capabilities:

“Despite continued global headwinds, Malaysia remains firmly on investors’ radar, supported by clear policies, strong economic fundamentals, and our ability to move projects from approval to operationalisation. The Asia Manufacturing Index 2026, ranks Malaysia second in Asia after China. This is our highest position in the index to date, and it is matched by results on the ground: of the manufacturing projects approved since 2021, over 85% had reached various stages of implementation as of February 2026.”

“At MIDA, we remain focused on supporting investors throughout their implementation journey. Through facilitation platforms such as IMFC and close collaboration with relevant ministries and agencies, we continue working to strengthen coordination and accelerate project execution. This remains an important pillar in reinforcing Malaysia’s investment competitiveness,” he added.

Looking ahead, Malaysia’s resilient economic fundamentals, growing domestic investor participation, and strong pipeline in high-value sectors — including semiconductors, AI infrastructure, renewable energy and advanced medical devices — continue to position the country well for long term growth despite ongoing global uncertainty.

*End*

About MIDA

Explainer: DOSM’s FDI and MIDA’s approved Foreign Investment (FI)

MIDA reports on approved Foreign Investments (FI) – These represent proposed investment projects with foreign equity participation that have been granted licenses, incentives, permits, grants, soft loans, etc., by relevant Ministries and Agencies. They are measured based on CAPEX and OPEX, such as land, building, and resources. Approved FI reflects potential investments into the country which will be realised into actual inflows over a specified period, usually across multiple years. On average, 18-24 months is the typical duration to complete the required regulatory steps between approval and implementation, before projects get off the ground. The release of approved FI data serves as a forward-looking indicator of investor’s confidence, the strength of Malaysia’s investment prospects, and the key sectors attracting foreign investors.

DOSM reports on Foreign Direct Investment (FDI) – This figure refers to investments by non-residents via transactions of financial instruments, including equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits, etc.). For instance, if a foreign investor buys shares in a Malaysian company, this would be captured by DOSM’s FDI data. FDI statistics for Malaysia are compiled as part of the balance of payments, which is compiled based on the IMF’s BPM6 guidelines.

For further information, please refer to https://www.mida.gov.my/why-malaysia/investment-statistics/

For media enquiries, please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division,
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

Media Release

Infographic (English)

Infografik (BM)

Appendix I

Malaysia Attracts RM92.8 Billion in Q1 2026 Approved Investments, Expected to Create Over 50,000 New Jobs; Domestic Investments Up 13%

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Following the announcement on 12 March 2026, MIDA wishes to inform that the full rollout and official implementation of the MIDA Expatriate System (MES) will take effect on:

1 June 2026

Effective from this date, MES will serve as the sole submission platform for all expatriate-related applications for the Manufacturing and Selected Services sectors under MIDA’s purview.

This full rollout is in line with the implementation of the revised expatriate policy, aimed at enhancing efficiency, transparency, and overall service delivery through a single, integrated platform.

All new and renewal applications must be submitted exclusively via MES through Single Sign-On (SSO) access in the Xpats Gateway. Submissions through previous platforms, including Xpats Gateway (legacy channel) and ESD Online, will no longer be accepted for MIDA-related applications.

KEY INFORMATION

1. New and Renewal Applications
All submissions, including:

Employment Pass (EP)
Professional Visit Pass (PVP)
EP Foreign Graduate
Dependent Pass

must be submitted via MES effective 1 June 2026.

2. Existing / In-Progress Applications
Applications submitted prior to the full rollout date will continue to be processed in the respective systems until completion.

3. Transition Advisory
Companies are strongly encouraged to finalise any pending submissions prior to 1 June 2026 to ensure a smooth transition and avoid delays.

ABOUT MIDA EXPATRIATE SYSTEM (MES)

The MES is designed to facilitate a more efficient, transparent, and end-to-end application process, supporting the Government’s continuous efforts to strengthen Malaysia’s investment ecosystem.

User Manual

ENQUIRIES

For further assistance, please contact:

Industry Talent Management & Expatriate Division, MIDA
Email: [email protected]
Tel: +603-2267 3607

Immigration Unit, MIDA
Email: [email protected]

MYXpats Helpdesk
Email: [email protected]

MIDA appreciates the cooperation of all stakeholders in ensuring a smooth and successful implementation.

Malaysian Investment Development Authority (MIDA)

Announcement: Full Rollout of The MIDA Expatriate System (MES)

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Duration:

Following the announcement made by the Ministry of Home Affairs (MOHA) on 14 January 2026 regarding the Revised Expatriate Salary Policy, which took effect on 1 June 2026, we wish to inform that one of the key elements introduced under the policy is the succession plan requirement.

The succession plan is aimed at ensuring a structured and systematic transfer of knowledge and expertise from expatriates to local employees throughout the employment tenure. This initiative supports the Government’s objective to strengthen local talent development while maintaining business continuity and operational efficiency.

As part of a phased implementation approach, the requirement to submit and comply with the succession plan will only take effect from 1 January 2027 onwards. This transition period is provided to allow organisations sufficient time to prepare, plan, and align their internal workforce strategies with the new requirement.

In the meantime, companies are encouraged to take proactive steps to identify suitable local successors and establish comprehensive training and knowledge transfer frameworks in preparation for full implementation.

For any clarification, please do not hesitate to contact MIDA at the Industry Talent Management & Expatriate Division and Foreign Investment Division, MIDA or via email at [email protected].

Thank you.

Malaysian Investment Development Authority (MIDA)

Announcement: Phased Implementation of Succession Plan Requirement Under the Revised Expatriate Salary Policy

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Strategic collaboration positions Malaysia as a regional clean energy investment hub amid surging AI and data centre power demand

KUALA LUMPUR, 29 MAY 2026 – As shifting geopolitical dynamics, regional supply chain realignments, and surging electricity demand reshape global trade, Malaysia is intensifying efforts to strengthen energy security and future-proof its economic growth through renewable energy (RE) and battery energy storage systems (BESS).

In a strategic move to address these evolving priorities, ENERtec Asia 2026, Southeast Asia’s premier energy technology exhibition and conference, has announced a landmark collaboration with the Malaysian Investment Development Authority (MIDA). This partnership underscores the pivotal role that clean energy and intelligent storage infrastructure play in anchoring Malaysia’s rapidly expanding digital economy.

Co-located with The Energy Transition Conference (ETCon) by Tenaga Nasional Berhad (TNB) under the unified theme “Energy & AI: The Synergy for Energy Transition,” ENERtec Asia 2026 will take place from 3 to 5 June 2026 at the Kuala Lumpur Convention Centre (KLCC). The platform will explore how the convergence of artificial intelligence, RE, power grid and advanced storage technologies is reshaping industrial operations, infrastructure planning, and sustainable economic development across ASEAN.

As Malaysia continues to attract high-value investments in artificial intelligence (AI), hyperscale data centres, cloud computing, and advanced manufacturing, the strain on the national grid is set to rise sharply. Against this backdrop, renewable energy and battery storage are no longer viewed merely as sustainability goals but as critical economic infrastructure required to ensure grid reliability, operational continuity, and long-term industrial competitiveness.

MIDA’s role as Strategic Partner reflects broader national efforts to strengthen Malaysia’s clean energy investment ecosystem and accelerate diversification of the country’s energy mix. The collaboration directly aligns with the country’s aspirations to position itself as the preferred regional destination for next-generation energy technologies and sustainable industrial development.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, said, “MIDA is thrilled to stand alongside ENERtec Asia 2026 as a strategic partner for the second time. This year’s theme perfectly captures the trajectory of Malaysia’s industrial transformation. By leveraging AI to revolutionise our energy infrastructure, we can fast-track our net-zero goals. The explosion of the digital economy brings unique challenges and massive opportunities, solidifying Malaysia’s position as a premier regional hub for green energy and sustainable technology. By bridging private sector innovation with government facilitation, we are translating green ambitions into actionable, investment-ready opportunities that will drive sustainable economic growth for both local and international investors.”

“Renewable energy and intelligent energy storage are no longer future considerations. They are the fundamental pillars supporting economic resilience, digital expansion, and investment competitiveness today,” said Tan Sri Abdul Rahman Mamat, Chairman of Informa Markets Malaysia.

“In an increasingly complex global environment, energy diversification is vital for economic stability. Our collaboration with MIDA reflects a shared commitment to building a future-ready energy ecosystem capable of powering Malaysia’s industrial transformation.”

Organised by Informa Markets Malaysia and co-hosted by The Electrical and Electronics Association of Malaysia (TEEAM), the joint powerhouse event is expected to draw more than 12,000 industry professionals from 60 countries and regions, alongside 1,000 companies and brands across seven exhibition halls. The event is officially endorsed by the Malaysia External Trade Development Corporation (MATRADE) and the Global Association of the Exhibition Industry (UFI), with the Energy Commission of Sabah serving as a strategic partner.

A central highlight of the event is WATT’S NEXT, a flagship seminar and workshop designed to address Southeast Asia’s evolving energy landscape through two strategic, interconnected pillars:

Energy & AI: Addressing the high power demands of AI infrastructure (Energy for AI) and using machine learning to maximise grid efficiency (AI for Energy).
Renewable Energy & BESS: Showcasing utility-scale battery storage and clean energy solutions critical for grid stability and peak load management.

As part of this high-level dialogue, MIDA will lead a dedicated session focusing on emerging growth sectors, public-private investment frameworks, and capital deployment opportunities within Malaysia’s National Energy Transition Roadmap (NETR).

On the exhibition floor, global and regional market leaders will showcase the latest advancements in smart grids, EV infrastructure, and energy efficiency. Prominent participating brands include ABB, Eaton, Leoch Battery, Samaiden, Legrand, Fluke, ERS Energy, IEP, Smart Cable, and United ULi Corporation Berhad.

The event also welcomes global battery giant CATL as the Official Energy Transition & Intelligent Storage Partner, alongside key corporate sponsors including Hasilwan, Hithium, PEKAT Group Berhad, Icents Group Holdings Berhad, and Glocomp Systems.

To maximise industry participation, the event will launch the SPOT ENERtec Asia Campaign, a high-impact mix of Klang Valley outdoor advertising, targeted digital activations, and on-ground engagement. Registered trade visitors who interact with the campaign can redeem exclusive limited-edition merchandise during the exhibition.

ENERtec Asia 2026 is actively supported by the Malaysia Convention & Exhibition Bureau (MyCEB) alongside influential industry bodies, including the Asia Pacific Urban Energy Association (APUEA), Association of Consulting Engineers Malaysia (ACEM), Data Centre Industry Association (DCIA), Malaysia Association of Energy Service Companies (MAESCO), Malaysia Carbon Market Association (MCMA), Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA), and Singapore Battery Consortium.

As Southeast Asia accelerates its transition toward decarbonisation, electrification, and digitalisation, ENERtec Asia remains a definitive strategic platform connecting policymakers, investors, technology providers, and industry leaders to shape the region’s sustainable energy future.

Industry professionals, investors, and corporate decision-makers are encouraged to pre-register online to secure their access to the exhibition and high-level conference tracks. For more information and full event details, visit https://www.enertecasia.com/

END

About ENERtec Asia

ENERtec Asia is ASEAN’s leading energy technology exhibition, organised by Informa Markets and co-hosted by The Electrical and Electronics Association of Malaysia (TEEAM). The event brings together solution providers, technology innovators, investors, and industry leaders to showcase next-generation energy solutions across renewable energy, grid modernisation, industrial energy efficiency, decarbonisation, and AI-enabled technologies. ENERtec Asia provides a platform for knowledge exchange, business development, and real-world deployment, accelerating sustainable and resilient energy transition across Southeast Asia. For more information, visit www.enertecasia.com.

About MIDA

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate, and grow. Our portfolio comprises more than 450 international B2B events and brands in markets including Healthcare C Pharmaceuticals, Infrastructure, Construction C Real Estate, Fashion C Apparel, Hospitality, Food C Beverage, and Health C Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience, and do business through face-to-face exhibitions, specialist digital content, and actionable data solutions. For more information, visit www.informamarkets.com.

Media Contact:

Danial Naszlee | Marketing Department | Informa Markets Malaysia
T: +6016 923 8213
Email: [email protected]

MIDA

Mr. Zahirul Ishak
Director, Green Technology Division
No: +603-2263 2405
Email: [email protected]

ENERtec Asia 2026 Partners with MIDA to Power Malaysia’s Digital Economy via Renewable Energy and Battery Storage Innovation

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