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Amirul
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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Established in Penang in 1991, Newbillion Precision Metal has transformed from a humble company casting telephone weights into an engineering solution provider by continually investing in technology, innovation, and skills.
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Cohu Malaysia located in Melaka is Cohu’s largest manufacturing operation and the world’s largest test and inspection handler factory. The Melaka facility proudly celebrated its 25th Anniversary recently, and in addition, shipped its 4,000th test handler. The milestone system, a MATRIX thermal pick-and-place handler, was shipped to Infineon in Singapore for testing automotive and industrial devices.
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In the wake of today’s challenging business landscape due to COVID- 19, continuous cost pressure, increasing market volatility and technology-driven disruptions are repurposing and reshaping conventional business models. More agile and strategic approaches are adopted to manage and increase the resilience of critical supply chains.
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The advent of multiple technology categories such as the Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR) and Artificial Intelligence (AI) are driving the wave of IR4.0. This is further accelerated by the arrival of the pandemic which has caused massive technological and economic shifts; reshaping the way modern society works. The 5G technology then becomes a unifying force to consolidate these different innovations as higher digital connectivity becomes critical in opening up opportunities for businesses and enterprises as well as countries to maintain economic growth and competitiveness.
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As more high-tech innovative companies are making Malaysia their investment destination of choice, a future-ready talent pipeline is important to be nurtured to support these growing demands. The MIDA Assessment Development Centre (MADC) HyTalent Programme is among ongoing efforts by the Government to increase high-value job opportunities for Malaysians and meet the country’s workforce needs, in tandem with enhancing the overall industry’s ecosystem to drive sustainable economic growth on the road to recovery post COVID-19.
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The Chief Executive Officer of MIDA, Dato’ Arham Abdul Rahman has completed a seven-day working visit (17-23 November) to Los Angeles and San Jose which targeted 11 high quality and strategic companies with confirmed investment plans into Malaysia. The working visit focused on business ventures by new companies with cutting edge technology as well as expansion and diversification projects by notable existing companies in Malaysia, especially in the electrical and electronics, and medical technology industries.
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At a time where many are working to keep our heads above the water, businesses are required more than ever to provide relevant solutions that intersect with the essentials of everyday life. Among them, energy has been on the radar of corporate organisations and nations as one of the top operating expenditures alongside rent and payroll. Renewable energy such as solar power has been identified as among the top solutions for businesses by policymakers, world leaders and industry-leading organisations to tackle the rising utility bills and access affordable energy solutions.
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With a presence in more than 200 countries and territories and producing approximately 200 master brands, The Coca-Cola Company is one of the world’s leading household names.The company is proud of its heritage in Malaysia and to have been refreshing Malaysians since 1936.
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International trade has not been spared by the disruptive effects of the COVID-19 pandemic. In May 2020, Malaysia registered a decline of 25.8% for exports whilst imports dropped by 29.5% year-on-year. However, the gradual global demand recovery from the second half of 2020 has seen Malaysia’s external trade performing well. One of the vital sectors that contributed to this recovery is the commitment of maritime transport. Maritime transport is prominent in Malaysia because approximately 98% of Malaysian trade is carried by sea.
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Malaysia continues to be an attractive base for global automotive manufacturers. Honda, Toyota, Nissan, Mercedes-Benz and BMW are some of the global automotive companies which have set up their operations in the country to take advantage of buoyant consumer demands. Geely Auto Group, a leading automobile player from China acquired PROTON shares in 2017. This demonstrates the keen interest of China investors to leverage Malaysia to penetrate the ASEAN market. International component manufacturers, such as ZF, Delphi, Continental, Nippon Kayaku, PD Kawamura, Akashi Kikai, Denso and Bosch have also made Malaysia their base to launch their products in the region.
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MITI has recently concluded the Trade and Investment Mission (TIM) to Germany, France & United Kingdom from 12-23 October 2021 as part of the continuous effort to draw investments into the country. Led by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister of International Trade and Industry (MITI), the TIM involved engagements with the ministers of host countries, Round Table Meetings with prominent industry stakeholders and one-to-one meetings with potential investors. MIDA was represented by Dato' Arham Abdul Rahman, Chief Executive Officer (CEO).
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The availability of talents with the right skill sets is one of the critical enablers to sustain Malaysia’s position as an attractive investment destination in the region. With this acknowledgement, MIDA established the Industry Talent Management and Expatriate Division in 2013 as an active conduit between the industry and academia in bridging talent gaps as well as serving investors’ human capital needs. Numerous engagements have enabled the agency to assist in talent needs of the industries and more importantly, such arrangements have contributed to the employability of our local undergraduates.
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