MIDA's E-Newsletter in has introduced readers to the Forum of Harmful Tax Practices (FHTP) and its requirements in fulfilling Action 5: Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance. This edition aims to update readers on the current progress and incentive recipients' tax responsibilities.Read More

Enhancing the students' employability has always been on top of the human capital development agenda of the Government. This is to ensure that they are industry-relevant, ready to enter the job market and ultimately able to contribute to the economic growth of the country. Various programmes are usually adopted by universities and colleges to increase the employability of their students such as internship, career awareness program, industry talk, curriculum embedment, and lecturer's attachment to industry. Read More

Malaysia has successfully attracted a total of RM53.9 billion approved investments in the manufacturing, services and primary sectors for the first quarter of 2019 (Q1 2019), an increase of 3.1% from the same period last year (RM52.3 billion). These investments are from 1,678 projects and are expected to generate more than 41,200 job opportunities for the country.Read More

Asia Pacific Economic Cooperation or better known as APEC, has grown into a dynamic engine promoting trade and economic growth in the Asia-Pacific region since its establishment in 1989. This inter-governmental forum comprising of 21 member economies was formed in response to the growing interdependence of the Asia-Pacific economies, regional trade blocs and establishment of new markets during the mid-1980s. Needless to say, APEC is still a very much relevant bloc in today's business world and exerts a significant influence across the global markets.Read More

The machinery & equipment (M&E) industry assumes strategic importance to Malaysia's economy with its cross-cutting linkages across all economic segments. However, given the evolution of technology in the industry is moving at such a relentless pace, this presents Malaysian business leaders with challenges as well as opportunities to create new business ventures. For companies that are bold to embrace these new and upcoming technologies, there are a plethora of opportunities in robotics application, artificial intelligence (AI), machine learning and smart technologies that are waiting to be explored.Read More

The first quarter of 2019 indicated a positive start to the year, with approved foreign investments into Malaysia increased by 73.4% to RM29.3 billion from RM16.9 billion in the first quarter of 2018. This commendable performance could only be achieved with the conducive business climate within the country, which has not gone unnoticed by international observers.Read More

Malaysia continues to sustain its investment growth momentum in the first half of 2019 (1H2019) despite the challenging global economic landscape and intense competition, with total investments of RM92.0 billion recorded in the services, manufacturing and primary sectors for 1H2019. These investments were from 2,554 projects and will potentially create 59,542 employment opportunities in the country.Read More

Malaysia’s industrialisation has shifted from job creation to becoming a developed nation by 2020. From 2006 to 2018, the government has approved more than 64,000 projects in various economic sectors with investment valued at RM2.2 trillion. These projects have created over 2 million job opportunities. Today, Malaysia has become one of the largest exporters in semiconductor devices, palm oil and furniture, and home to more than 5,000 multinational corporations.Read More

To nurture the growth of Foreign Direct Investment (FDI) and Domestic Investment (DI) in the country, MIDA - through its Post Investment and Infrastructure SupportDivision (PostInvest), provides ‘handholding’ and ‘problem solving’ services to assist companies’ investment journey in Malaysia.Read More

To nurture the growth of Budget 2020 themed, “Driving Growth and Equitable Outcomes Towards Shared Prosperity”, was announced by the Minister of Finance on 11 October 2019. The Budget is anchored on four thrusts.Read More

Malaysia is built on a foundation of orderly systems and institutions that promote a business friendly environment, resulting in strongly anchored economic fundamentals. It is one of the most diversified economies in the world with the services, manufacturing and primary sectors providing the right balance to the economy. Additionally, being located in the heart of ASEAN, the 7th biggest market in the world, Malaysia is an attractive investment destination for global-minded investors.Read More

For the first nine months of 2019, Malaysia recorded RM149 billion worth of approved investments in the services, manufacturing and primary sectors. This was 4.4% higher than the RM142.6 billion approved in the same period last year. These investments involved 4,025 projects and will create an additional of 93,841 job opportunities. The majority of the investments came from domestic sources, which contributed RM82.7 billion or 55.5% of the total investments. Foreign direct investments (FDI) represented 44.5% or RM66.3 billion. Total approved FDI in these three main sectors increased by 6.5% to RM66.3 billion in January-September 2019 from RM62.2 billion in the same period last year.Read More

Malaysian Investment Development Authority (MIDA), together with the Malaysia External Trade Development Corporation (MATRADE) organised the Trade and Investment Mission to Japan from 29 November – 4 December 2019. The mission, led by YB Datuk Darell Leiking, Minister of International Trade and Industry visited three cities, namely, Kobe, Nagoya and Tokyo. A total of 113 Malaysian delegation members consisted of Federal government officials, 6 representatives from the state government, regional development agencies and private sectors. The trade and investment mission aimed at enhancing investment and bilateral ties with Japan as well as intensifying business-to-business linkages between the private sector of both countries.Read More

YAB Tun Dr. Mahathir Mohamad led the Malaysian delegation visit toBusan and Seoul from 25 until 28 November 2019, in conjunction with the ASEAN – Republic of Korea Commemorative Summit. The Chief Executive Officer (CEO) of MIDA, Dato’ Azman Mahmud and officials from the Foreign Investment Promotion Division of MIDA accompanied YAB PM for the visit.Read More

YAB Tun Dr. Mahathir Mohamad, Prime Minister of Malaysia, visited Qatar from 11 until 14 December 2019. The Malaysian delegation included Foreign Minister, Economic Affairs Minister, Defence Minister and senior officials from various ministries and agenciesRead More

The Gaming Industry evolved from a group of young developers into a billion-dollar industry, and with the exponential growth of technology, the trend of playing games has grown from being played on PCs and mobiles, to consoles and virtual reality (VR). A global leader in eSports, games, and mobile intelligence, Newzoo is the leading market intelligence from the Netherlands since the year 2007. It has a partnership with giant tech companies such as Microsoft, Facebook, Warner Bros, Google, Razer and many others. Newzoo has also highlighted in its 2018 Global Games Market Report that the global games market is expected to grow from USD151.9 billion in 2019 to approximately USD180.1 billion in 2021.Read More

he e-Commerce industry is growing exponentially within the Southeast Asia region particularly in Singapore, Malaysia, Indonesia, Thailand, Philippines and Vietnam. BMI Research in 2018 reported that these ASEAN countries are set to contribute an estimated of USD64.8 billion (RM257.9 billion) in 2021 from online shopping market activity, a giant leap from USD37.7 billion recorded in 2017. Malaysia's share of total online retail sales was at 2.7%, positioning Malaysia second in the region.Read More

Additive manufacturing technology adds materials and melted it to create a super fine layer of an object which is different from the conservative manufacturing. Conservative manufacturing, often subtract materials via several processes such as milling, machining, grinding and carving in order to produce parts.Read More

With fast-growing cities and ballooning population, developing countries like Malaysia are facing numerous challenges in sustainably managing wastes. The waste generated in Malaysia in 2005 was 19,000 tons per day at a recycling rate of 5%. The quantity rose to 38,000 tons per day thirteen years later, in 2018, despite the increased recycling rate of 17.5%. This is alarming as the rate has exceeded the Japan International Cooperation Agency (JICA) study’s proposed rate of 30,000 tons per day in the year 2020. With limited space for landfills and rising costs of disposal, there is increased pressure and urgent need to tackle the waste management issue and reduce the impact on the environment and general well-being of the population.Read More

Malaysia is the second largest producers and exporters of palm oil in the world, supported by 4.49 million hectares of oil palm cultivation which produces 17.73 million tonnes of palm oil. This accounts for 11% of the world's oils and fats production and 27% of export trade of oils and fats. Hence, Malaysia assumes an important role to sustainably fulfil the global needs for edible oils and fats.Read More

Plastics are lightweight and durable materials, which can readily be moulded into a variety of products that can be used in a wide range of applications. In the modern economy, plastics have become ubiquitous material that plays a critical role in the growth of major industries such as automotive, medical devices, construction, electronics and packaging. Unfortunately, the majority of the produced plastics annually are used to make disposable items of packaging or other short-lived products. In addition, the durability of the polymers involved result in substantial amounts of plastics accumulating as debris in landfills and natural habitats worldwide.Read More

MIDA, through its Licensing and Incentive Compliance & Monitoring Section (PPPG) provides the aftercare services for manufacturing and services companies. According to the United Nations Conference on Trade and Development (UNCTAD), aftercare services is defined as the range of activities from post-establishment facilitation services to developmental support by the Investment Promotion Agencies to retain and encourage followon investment.Read More

The World Economic Forum (WEF) Annual Meeting 2020 took place from 21–24 January 2020 in Davos-Klosters, Switzerland. At this prestigious event, YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI), together with the Malaysian Investment Development Authority (MIDA) and InvestKL delegation represented Malaysia.Read More

The Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MOU) with the United Overseas Bank Malaysia Bhd (UOB Malaysia) on 10 January 2020 to attract more foreign direct investments (FDI) into high value-added sectors. The signing ceremony was witnessed by MIDA Deputy Chief Executive Officer (CEO) I, Mr. Arham Abdul Rahman and Mr. Wong Kim Choong, CEO of UOB Malaysia.Read More

Conducted in two phases across the nation, the outreach programme will be an avenue for industry players to understand the Industry4WRD related programmes and incentives offered by the Government such as Readiness Assessment, Intervention Fund, Domestic Investment Strategic Fund (DISF) and Automation Capital Allowance (Automation CA).Read More