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Md Shahril
In today's interconnected world, the development of spacecraft is the cornerstone of modern technological systems. Whether destined for manned missions, scientific exploration, or space transportation, the creation of a spacecraft demands precision and thorough testing to ensure its success.
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In a world where conditions are uncertain and organisations are abundant yet ephemeral, organisations such as small and medium enterprises (SMEs) need to start future-proofing their businesses to safeguard their resources and ensure longevity. One of the major ways to do this is by embracing sustainability.
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Since its inception in 1960, Shan Poornam Metals (SPM) has emerged as a trailblazer in hazardous waste management, evolving from a waste collection center to a regional leader in industrial waste management, with a relentless focus on Environmentally Sound Management (ESM) practices
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In a groundbreaking move, Malaysia is propelling itself into a transformative energy journey with the initiation of its National Energy Transition Roadmap (NETR). This pivotal governmental initiative aims to position Malaysia as a low-carbon nation by 2040, ultimately achieving net-zero emissions by 2050.
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MIDA has played a significant role in shaping Malaysia's economic growth by attracting high-quality investments from multinational corporations (MNCs) that prioritise sustainable operations. These investments assume a pivotal role in the country’s economic development, boasting a substantial multiplier effect.
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In the face of global uncertainties, Malaysia's robust investment facilitation strategies have yielded impressive results, attracting RM225.0 billion in approved investments during the period from January to September 2023.
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YAB Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia, led a high-level Malaysian delegation at the 30th APEC Economic Leaders’ Meeting (AELM) held in San Francisco, United States of America from 14 to 17 November 2023. Themed "Creating a Resilient and Sustainable Future for All", the summit brought together leaders from the Asia-Pacific region to address critical economic challenges.
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In a strategic move to bolster economic ties and attract foreign investments, YB Senator Tengku Datuk Seri Utama Zafrul Aziz led a high-profile Trade and Investment Mission (TIM) across key American cities including Chicago, Seattle, and San Francisco. The mission, accompanied by senior representatives from MITI, MIDA, and MATRADE, focused on exploring investment prospects aligned with Malaysia's ambitious New Industrial Master Plan (NIMP) 2030.
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Established in 1997, GDEX Berhad is a leading domestic and international express delivery services provider in Malaysia. GDEX has an increasing presence in Southeast Asia, with operations in Singapore, Indonesia (via SAP Express), and Vietnam (via NETCO Post). GDEX has also developed its digital logistics platform, myGDEX, which is available in Malaysia, Singapore, and Saudi Arabia.
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In a world where resilience and innovation are paramount, Malaysia's aviation and aerospace industries have shown their mettle. Just four years ago, the sector faced significant challenges due to a slowdown in demand. However, today, with unwavering support from Aerospace Composites Malaysia Sdn. Bhd. (ACM) and industry players, Malaysia's aviation and aerospace industries have emerged stronger than ever.
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In 2023, the global aviation industry soared to a valuation of approximately USD814.5 billion, marking a 7% uptick from the previous year despite the pandemic's turbulent impact. The resilience of the airline industry prevailed through strategic measures like passenger distancing, digital immunity passports, and contact tracing. In addition, the industry rebounded to a mere 3% below its pre-COVID figure in 2019.
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In envisioning Malaysia as a global business, innovation, and talent hub for advanced manufacturing, the biomedical cluster emerges as a key contributor to this ambitious vision. The focus is on transitioning into higher value manufacturing, where the competitive edge lies in know-how and skills rather than just cost. A pivotal aspect of this strategy is the development of the biopharmaceutical sector, particularly in the rapidly evolving landscape of biosimilars and biologics.
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Malaysia’s 2024 National Budget, unveiled on 13 October 2023 introduces a strategic roadmap under the MADANI Economy Framework. This visionary budget charts a new course for sustainable economic growth and aims to elevate the standard of living for Malaysians. Let's delve into the key highlights and initiatives that define this transformative fiscal plan.
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The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim, embarked on a two-day official visit to the United Arab Emirates (UAE) from 5 to 6 October 2023 to enhance bilateral relations and explore avenues of cooperation between Malaysia and the UAE.
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MIDA Tokyo together with SMBC Bank co-organised a Hybrid Seminar titled “Sustainable Investments in Malaysia through High-Tech and EV Manufacturing" in Tokyo, Japan on 5th September 2023. A total of 140 participants attended, both physically and virtually, to explore opportunities in sustainable investments and high-tech sectors in Malaysia. Among the attendees were representatives from various sectors such as electrical and electronics, machinery and equipment, and green technology, to name a few.
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Located in the Prai Industrial Zone, Penang, CG Global Profastex Manufacturing Sdn. Bhd. (1184455U), better known as CG Global, is a major contract manufacturer providing a spectrum of Contract Electronics Manufacturing (CEM) services.
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AT&S is a global leader in the field of interconnect technologies, specialising in IC substrates for Consumer Devices, Automotive, Aerospace, Industrial, and Medical applications. Headquartered in Austria, with manufacturing facilities located in India, China, and Korea, as well as a robust global sales presence, AT&S is poised to make a significant impact on the microelectronics industry.
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Artificial intelligence (AI) is at the forefront of technological innovation. While AI is not a new technology, recent advances in machine learning have significantly impacted our daily lives. AI subtly influences our decision-making processes, from personalised search results to product recommendations and even to self-driving cars. Its goal is to provide better services and improve overall user experiences.
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The shift from traditional refineries to advanced biorefineries marks a significant leap towards achieving a circular economy, minimising waste, optimising resource use and reducing reliance on fossil fuels. While the concept of biorefineries is not new, recent scientific advancements, technological breakthroughs, and a growing demand for sustainability have propelled advanced biorefineries into the spotlight.
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Malaysia has proven its magnetism to investors, securing an impressive total of RM132.6 billion in approved investments across the services, manufacturing, and primary sectors during the first half of 2023. These investments, comprising 2,651 projects, are set to stimulate economic growth and are projected to generate approximately 51,853 job opportunities, reaffirming Malaysia’s appeal to global investors.
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In a grand and transformative moment for Malaysia's industrial landscape, the New Industrial Master Plan (NIMP) 2030 was unveiled on 1 September 2023, marking a significant milestone in the nation's journey towards the MADANI Economy.
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The Prime Minister, YAB Dato’ Seri Anwar Ibrahim, was warmly received during the 78th United Nations General Assembly (UNGA) session in New York City held from September 17 to 23, 2023. The business section of the visit coordinated by the Malaysian Investment Development Authority (MIDA), presented a unique opportunity to strengthen Malaysia's international economic relations and showcase the nation's appeal to investors in the United States of America.
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On September 13, 2023, the Malaysian Prime Minister, YAB Dato’ Seri Anwar bin Ibrahim embarked on a short working visit to the Republic of Singapore in conjunction with the 10th Asia Summit organised by the renowned Milken Institute covering economics, finance, healthcare, public policy, and philanthropy.
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MIDA Tokyo, together with the Malaysia Student Association in Japan (MSAJ) and the Human Resource Development Office of the Embassy of Malaysia in Japan, co-organised the annual career fair for Malaysian students in Japan on 12 August 2023. The event was held at the Tokyo Metropolitan Industry and Trade Center Building.
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MIDA Singapore was honoured to be one of the exhibitors at recent Singapore Business Show, held at the Singapore Expo from 30-31 August 2023. Running for the second year, the show featured over 200 exhibitors showcasing the latest products and services, and 250 speakers including keynotes from industry giants like Shopify, Google and Grab. This event provided entrepreneurs with a comprehensive platform to kickstart or expand their businesses. The show witnessed a vibrant and dynamic gathering of 7,776 key visitors from a diverse range of sectors. Notably, this year’s attendees and participants saw a significant rise in international representation, surging from 23% to 39% compared to the previous year. This increase underscores the Singapore Business Show’s appeal to both local and overseas business communities.
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