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Amirul
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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Malaysia has attracted a total of RM42.8 billion approved investments in the manufacturing, services and primary sectors, involving 910 projects in January to March 2022. The foreign direct investments (FDI) remained the major contributor, at 65 per cent or RM27.8 billion, while investments from domestic sources contributed 35 per cent amounting to RM15 billion. The approved investments for this period will create 24,906 new jobs in the country.
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From 23 to 28 May 2022, MIDA was part of an official working visit to Tokyo, Japan led by Prime Minister YAB Dato’ Sri Ismail Sabri Yaakob and accompanied by Senior Minister and Minister of International Trade and Industry (MITI), YB. Dato’ Seri Mohamed Azmin Ali.
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Why ESG The global crisis caused by the COVID-19 pandemic in 2020 has intensified discussion across the globe around sustainability. It has shown consequences and revealed the need for deep thinking on the impact of our actions and choices on the environment and society. Today, ESG — Environmental, Social, and Governance is the buzzword in business and is on track to become mainstream in the post-pandemic period. Therefore, it is time to rethink ESG commitments and practices to drive improvements over the long term.
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Ever since its establishment in 1995, glove manufacturer Smart Glove Holdings Berhad has gone on to become a globally-recognised leading innovator armed with a wealth of experience and expertise, whose products cater to various industries including medical, dental, surgical, Emergency Medical Services (EMS), cleanroom, and food and beverage (F&B).
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British multinational company Smith+Nephew has long been known as a medical equipment manufacturing company, having been established in Hull, UK in 1856. With a presence in more than 100 countries, the company is focused on helping to restore people’s bodies and their self-belief by using technology to take the limits off living, as attested by its corporate motto: “Life Unlimited”.
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The COVID-19 pandemic has raised the pressure on businesses to adapt and become more resilient in the face of adversity; where they face an increasing need for flexibility and creativity to achieve long-term sustainability as well as being prepared for future risks. In identifying risks and taking advantage of opportunities, many businesses are factoring environmental, social, and governance (ESG) strategies into their operations, to strike a balance between environmental sustainability, socio-economic development, and organisational policy.
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Oil palm (Elaeis guineensis) is the most important global oil crop, accounting for around 40 per cent of all traded vegetable oil. This second largest source of global edible oil has attained the International Sustainability and Carbon Certification for bio-based feedstocks, and renewables catering to energy, food, feed, and chemicals sectors.
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It has been found that innovation fueled by research and development (R&D) has a profound impact on economic growth. The Organisation for Economic Co-operation and Development (OECD) estimates that one per cent increase in R&D spending could elevate the economy by 0.61 per cent. As such, many countries around the world are positioning R&D as an important key to fostering sustainable development and growth.
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The Trade and Investment Mission (TIM) is one of the Government’s main initiatives to attract investments into Malaysia. Over the years, these missions have attracted many investment projects. More than 5,000 companies from over 40 countries have made Malaysia as their preferred location for their manufacturing and related services operations in various sectors.
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Penang-based NSW Automation (NSW), established in 2004, is a Malaysian company that has become one of the world's leading providers for precision dispensing systems in today's global microelectronics and semiconductors industries.
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The rise of digitalisation and Industry 4.0 technologies such as blockchain, artificial intelligence (AI), Internet of Things (IoT), machine learning, cloud computing and robotics has exacerbated by the spread of COVID-19 in the last two years. Technology application is widely seen as the driving force behind global economic recovery as businesses rally to get back on their feet.
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The rise in e-commerce and the digital economy due to the increase of digital users during the pandemic has accelerated the pressures on an already busy logistics sector to support both foreign and domestic demand for transport/ import-export purposes.
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Malaysia is a major global manufacturing hub for the E&E industry, produces semiconductors, electronic equipment for industries and electronic products for customers worldwide. This industry has been well-known as the largest contributor to export of Malaysia, 36.4% (RM405.83 billion) of total export in 2021 (source MATRADE)
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The COVID-19 pandemic posed one of the most challenging periods in recent history with the widespread reach of the virus globally leading to both health and economic crisis.
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Prime Minister Dato’ Sri Ismail Sabri Yaakob made his first official visit to the State of Qatar and the United Arab Emirates (UAE), accompanied by Senior Minister and Minister of International Trade and Industry (MITI) Dato’ Seri Mohamed Azmin Ali from 25-31 March 2022. Also, in attendance was a delegation from MIDA that was led by the Chief Executive Officer, Datuk Arham Abdul Rahman, as well as a few other ministers.
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Established in 2005 as a frozen food and appetiser supplier, Xinn Holdings Berhad (Xinn) unearthed an opportunity and pivoted its focus to the Halal food manufacturing industry in 2017. Backed by its culinary experience and expertise in Oriental cuisine, and coupled with Malaysians’ love for food from diverse cultures, Xinn successfully developed a range of Halal certified Dim Sum that retains the authentic taste profile of Oriental delicacies while also achieving the high standards of Malaysian Halal criteria.
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Technip Energies is a pioneer, global energy player with solid foundations built over 60 years of successful operations. In early 2021, the French MNC opened a new chapter with the vision of accelerating the energy transition for a better tomorrow by supporting its clients to achieve carbon neutrality by 2050.
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Globally, countries are still experiencing a decline in tourism expenditures. The United Nations World Tourism Organisation (UNWTO) World Tourism Barometer shows that the number of tourist arrivals recorded in 2020 was 399 million people compared to 1.47 billion people in 2019, a decrease of 74.0 per cent.
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For the past decade, rare earth elements (REEs) have soared in significance as interest in consumer electronics, electric vehicles, clean energy, and military equipment keep on increasing. To achieve growth in advanced technology, the development of REEs as a strategic mineral modern society.
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Malaysia boasted stellar investment performance for the year 2021, attracting record-breaking approved investments worth RM306.5 billion in the manufacturing, services and primary sectors. The nation remained an attractive investment destination for global and regional business expansions as total Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) numbers exceeded expectations, increasing to 83.1 per cent from the achievement attained in 2020.
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