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Amirul
On 29 August 2022, the Malaysian Investment Development Authority (MIDA) formalised its partnership with multinational shipping giant AP Moller-Maersk (Maersk) to drive high-quality investments into Malaysia. This would lead to increased contribution to the growth and development of the local supply chain sector, thereby spurring Malaysia to be one of the premier logistics hubs in Asia Pacific.
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Globetronics, a leading miniaturised optical sensor manufacturer since 2012, has come a long way since its debut 30 years ago as a single-product, single-customer company. Through numerous diversification efforts, it grew from a pure integrated circuits player to producing light-emitting diodes (LED) quartz crystal timing devices, before finally moving into sensors.
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Unilin Group is a global reference in interior design and construction. They develop, manufacture and market laminate floors, luxury vinyl tiles, sheet vinyl, engineered parquet, carpet tiles, wall-to-wall carpeting, wood-based and decorative panels, industrial floors, wall and roof systems and insulation boards.
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MIDA introduced the International Integrated Logistics Services (IILS) status in 2008 after the issuance of new Customs Agent Licences (Forwarding Agent category) to logistics companies was suspended in 2007. It was part of the Royal Malaysian Customs Department (RMCD)’s efforts to ensure that licences were only issued to genuine logistics operators who undertake Customs declaration activities.
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According to a report published by KPMG in March 2020 which builds on figures released by Fitch Solutions, Malaysia’s medical device market is forecasted to be worth RM8.97 billion (USD2.0 billion) in 2022, with a compound annual growth rate (CAGR) of 7.5 per cent between 2018 and 2022.
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The Malaysian Investment Development Authority (MIDA) is privileged to welcome Tan Sri Dato’ Sri Dr. Sulaiman bin Mahbob as the new Chairman of MIDA, effective 3 September 2022.
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Malaysia’s economy has been on a strong recovery path since the country reopened its borders on the 1st April 2022. Supported by its robust industrial ecosystem, an increase in domestic demand, and the easing of containment measures, the Malaysian economy’s performance continues to normalise and grow in strength.
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Fire Fighter Industry Sdn. Bhd. was established in 1974 by Mr. Jeffrey Soo, with the goal of making fire safety more accessible to the public and fireproofing Malaysia through its products and services. As one of the oldest fire safety companies in Malaysia, Fire Fighter is a one stop center for all things fire safety.
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Malaysia’s digital economy was estimated at USD21 billion (RM88.41 billion) in gross merchandise value (GMV) in 2021, according to the e-Conomy SEA 2021 report by Google Inc, Temasek Holdings Ltd and Bain & Co. Malaysia’s 2021 GMV is projected to hit USD35 billion by 2025 with an 85% permanent shift in digital adoption to utilise digital services.
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Waste management is one of the environmental pain points affecting every country worldwide. According to the World Bank’s “What a Waste 2.0: A Global Snapshot of Solid Waste Management to 2050” report, waste generation across the world is expected to grow roughly by 3.4 billion tonnes per year by 2050.
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An aircraft that can take off and land on both land and water is known as a seaplane. These aircraft have a variety of civil and military uses. Certain seaplanes are capable of carrying out military, specialised missions, freight and passenger operations, firefighting, marine zone patrolling, environmental monitoring, and search-and-rescue missions.
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MIDA organised the Domestic Investment Seminar Series I (Central Region) 2022 on 26 July 2022 in Berjaya Times Square, Kuala Lumpur. Important representatives from the business community attended the event, and acquired pertinent information for their businesses. Although physical events were unable to be organised for the past two years due to the volatile situation caused by COVID-19 in the region, it is encouraging to note that such seminars were still being conducted virtually or in hybrid format. There were 800 participants in total attended the Domestic Investment Seminar, whereby 500 attended physically while 300 attended virtually.
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The weakening impact of the COVID-19 pandemic outbreak on global economies continued throughout 2021. The emergence of new virus variants led to the prolonging of tumultuous economic conditions, supply chain disruptions and labour issues.
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The Malaysian Investment Development Authority (MIDA) through the Domestic Investment Division (DI) and MIDA State Offices, continuously strives to\ maintain investment momentum and undertake domestic investment promotion activities by strengthening the country's business ecosystem.
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ADA Biotech Sdn. Bhd. was established in 2019 with a vision to protect the environment from plastic waste pollution. Committed to producing revolutionary products that completely replace the use of single-use plastics, ADA Biotech’s products are made from low-grade crushed rice and cassava, and sold at very reasonable prices to encourage consumers to usebiodegradable products.
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The evolution of the memory chip packaging substrate has been nothing short of extraordinary. Its interlinking functions are integral to a myriad of electronic architectures and devices on three primary areas – super scale data centres, intermediate usage for large and medium-sized organisations and the personal computer industry, which continues to undergo a hyper-evolution phase. This includes the quest for smaller and nimbler devices that demands a simultaneous increase in memory, storage, and data transfer capabilities.
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One of the great challenges facing humankind in the 21st century is achieving equitable access to high-quality healthcare. A major reason certain communities do not have the same level of access to healthcare facilities was due to location as the healthcare providers (doctor, medical officer, nurse, etc) and recipient (patient) must be present in the same place and at the same time. Patients in remote or rural areas located far away from a major hospital or clinic suffered from lower healthcare service quality.
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With the current trend of rapid climate change experienced worldwide, contingency plans such as migrating towards cleaner and more sustainable energy sources are essential to ensure the sustainability of Mother Nature. Looking at all the possible solutions, it has been found that hydrogenated vegetable oil (HVO) is one of the most prominent green energy alternative that has gained significant attention worldwide due to its potential to reduce CO2 emissions.
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Private investment is an important component of the overall economy, and has played an important role in the industrial and economic development of the nation. Sustaining private investment, made up of domestic and foreign investments, is needed to expand and diversify Malaysia’s industrial base through the processes of raising productivity capacity, accelerating technological progress, creating high-income paying jobs, and increasing exports.
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The Malaysian Investment Development Authority (MIDA) alongside The European House – Ambrosetti, in collaboration with the Italy - ASEAN Association and the Italian Trade Agency organized the 6th edition of the High-Level Dialogue on ASEAN Italy Economic Relations 2022 in Kuala Lumpur on 6 July 2022. The event was also endorsed by the Italian Ministry of Foreign Affairs and International Cooperation and Confindustria (General Confederation of Italian Industry).
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The reopening of the Malaysian borders for international travellers on 1 April 2022 saw a huge influx of potential and current foreign investors keen to visit in person: either to finalise new investments or double down on current projects.
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The onset of the pandemic and the rise of consumer concerns about how their food is being made or where it originates from, has spurred the already growing movement for healthy foods. The increasingly popular vegetarian and vegan cuisine movements gathered steam and this has benefitted long-time specialist food manufacturers in these segments.
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Research and Development (R&D) plays a critical role in the long term success of companies which in turn, translates to the growth of their respective economies. At the same time, the rise of R&D investments and activities by foreign investors in the country led to the formulation of several key government policies.
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In the wake of today’s ever-changing business needs, multinational corporations (MNCs) are reconfiguring their headquarters by splitting head office functions to align more closely to where business needs are, in markets outside their home territory. MNCs are dividing their corporate centre structures to offshore locations by relocatingfunctional leadership and shared services functions that are involved in decision-making roles.
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With many countries witnessing rapid growth of the global outsourcing market, Malaysia needs to obtain many more total solutions or manufacturing solution providers in order to secure a larger share, especially for high technology industries. Industry players need to consolidate and realign themselves to provide total solutions to complement the growth of the manufacturing sector in Malaysia which is moving towards high technology, capital intensive, and high value-added industries.
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