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Amirul
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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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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