RM17.9 billion in investments will be finalised this year from 16 trade and investment promotion missions (TIM), including 15 official visits led by Prime Minister Datuk Seri Anwar Ibrahim last year.

The Investment, Trade, and Industry Ministry’s statement, read by Deputy Education Minister Wong Kah Woh, RM59.1 billion in investments is also targeted to be finalised between 2026 and 2027.

“RM37.6 billion in investments has been approved in 2024,” he said in a response to V. Sivakumar (PH-Batu Gajah) about the National Investment Strategic Plan during a Special Chamber session in the Dewan Rakyat today.

Countries visited in 2024 include Germany, France, Italy, Australia, Saudi Arabia, the United Arab Emirates, Qatar, Japan, India, Singapore, Thailand, and Pakistan.

Wong said RM28.9 billion in investments is expected to be finalised this year through 12 TIMs, including eight official visits in 2023.

“RM40.2 billion in investments has been approved in 2024, while RM283.7 billion is targeted to be finalised between 2026 and 2027,” he said.

Wong explained that the ministry and the Malaysian Investment Development Authority are actively negotiating with potential companies identified during the TIMs in 2023 and 2024 to ensure investment decisions can be finalised soon.

Among the announced projects are GDS Services Ltd, which will invest RM4.5 billion in building a hyperscale data centre campus over 10 years, and Enovix Malaysia Sdn Bhd, which will invest RM5.8 billion over 15 years to establish its first facility in Malaysia.

There is also a collaboration between Zhejiang Geely Holding Group and DRB-HICOM, focusing on the planning and development of the Automotive High-Technology Valley in Tanjung Malim, Perak.

“This collaboration aims to attract high-tech automotive investments, with a collective investment estimate of RM32 billion from various parties, including foreign and local investors, as well as job creation by 2030,” he added.

Source: Bernama

Nearly RM18 bln in investments to be finalised from 2024 trade missions

UEM Sunrise Bhd has signed a memorandum of understanding (MoU) with Singapore-based GuocoLand Ltd to jointly develop selected freehold landbank in Iskandar Puteri, Johor.

The collaboration, announced in a joint statement, will focus on UEM Sunrise’s land in Gerbang Nusajaya and Puteri Harbour, two key master plans within Iskandar Puteri.

However, no details were provided on the land size, estimated gross development value or other specifics.

The developers said they aimed to enhance Iskandar Puteri’s investment appeal by improving connectivity, fostering talent development and creating a business-friendly ecosystem.

“With both companies backed by larger conglomerates with expertise beyond real estate development, the partnership will unlock new opportunities and contribute to Johor’s economic aspirations,” the statement noted.

UEM Sunrise, the master developer of Iskandar Puteri, is a subsidiary of UEM Group Bhd, while GuocoLand, which had investment properties valued at S$6.58bil as of Dec 31, 2024, is a subsidiary of Hong Kong-listed Guoco Group Ltd.

GuocoLand is also a member of the Hong Leong Group.

UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman said both developers bring extensive experience in large-scale integrated developments, “making this collaboration a synergy of industry leaders”.

The partnership aimed to forge strategic collaborations to catalyse development in the Johor-Singapore Special Economic Zone (JS-SEZ), reinforcing Iskandar Puteri’s position as a key economic hub.

Iskandar Puteri is Flagship Zone B of the JS-SEZ, with a focus on manufacturing, business services, digital economy, education, health and tourism.

“This partnership is not just about development, but also about shaping a thriving end-to-end, future-ready economic hub that fuels long-term growth, creates jobs and strengthens the JS-SEZ ecosystem,” Hafizuddin noted.

GuocoLand group chief executive officer Cheng Hsing Yao highlighted UEM Sunrise’s strong local expertise in master planning and “well-located sites”.

“GuocoLand will bring along our experience in real estate development and asset management, as well as an understanding of the needs of companies from Singapore, Malaysia and China that wish to establish a presence in the JS-SEZ,” he said.

The MoU signing coincided with the opening of UEM Sunrise Gallery Iskandar Puteri, a dedicated space showcasing the developer’s vision for the area.

This includes a new master plan for Gerbang Nusajaya, featuring a forward-thinking industrial park and the development of a new interchange.

Strategically located near Senai Airport and the Port of Tanjung Pelepas, one of South-East Asia’s busiest ports, Iskandar Puteri is just 7.5km from Singapore’s Tuas checkpoint.

This proximity strengthens the JS-SEZ’s position as a trade and logistics hub, making it an attractive gateway for regional and international investments.

Source: The Star

UEM Sunrise, GuocoLand ink JS-SEZ agreement

THE Johor-Singapore Special Economic Zone (JS-SEZ) has landed one of its earliest investors – Hong Kong-listed Gold Peak Technology Group.

Gold Peak, a battery technology and energy storage solutions company, intends to expand in the region with a proposed RM670mil investment involv- ing the establishment of a manufacturing and research- and-development facility.

Johor Mentri Besar Datuk Onn Hafiz Ghazi said the investment would bring advanced manufacturing capabilities, high-­quality job opportunities and sustainable economic growth to the state.

At the Iskandar Puteri event, Onn Hafiz also launched United Overseas Bank’s (UOB) Green Lane initiative with Invest Johor, which would fast-track investments into the JS-SEZ.

The ceremony also saw the intro­duction of Gold Peak as UOB’s first client under the Green Lane, where the Hong Kong firm’s executive director and managing director Michael Lam presented a letter of intent to Invest Johor chief executive officer Natazha Hariss.

Lam said the JS-SEZ presented a strategic opportunity for Gold Peak to expand its footprint in South-East Asia.

“Our future facility will serve as a hub for innovation in battery technology and energy storage.

“It will focus on producing next-generation battery technologies and is expected to play a pivotal role in advancing sustainable energy storage solutions, mainly for data centres across South-East Asia.

“The company’s proposed investment is expected to create approximately 150 to 180 employment opportunities, contributing to the region’s socio-economic development and driving innovation,” he said.

UOB Malaysia chief executive officer Ng Wei Wei said its Green Lane initiative was an outcome arising from the memorandum of understanding signed with Invest Johor at the Asean conference in August last year.

Source: The Star

Johor-Singapore SEZ gets initial investors

Malaysia is a trading nation, and without incoming investment, some issues may remain unresolved, says Prime Minister Datuk Seri Anwar Ibrahim.

“The investments we secure can help address several issues, such as creating job opportunities and boosting the country’s economic capabilities.

“Alhamdulillah, we have achieved another record high growth in history. This achievement is critical for us.

“Investments from foreign companies such as Infineon, Microsoft, and Google will help build a network of young talent, much of which is trained by these companies.

“Moreover, our universities also need to adjust the courses they offer, such as Artificial Intelligence (AI), connectivity, and food technology,” he said at a press conference at the end of his working visit to Vietnam today.

The prime minister said this when commenting on Malaysia’s record-breaking approved investment in 2024, which reached RM378.5 billion. This marks a 14.9 per cent year-on-year increase, with over 6,700 projects across key sectors.

The Investment, Trade and Industry Ministry (MITI) said that the total investment was expected to create more than 207,000 new jobs, strengthening Malaysia’s position as a major investment destination.

Despite facing ongoing global economic challenges, Malaysia continues to attract significant investments, with domestic investment (DI) contributing RM208.1 billion (55 per cent) and foreign investment (FI) contributing RM170.4 billion (45 per cent).

Foreign investor confidence in Malaysia remains robust, with strategic investments from five major countries: the United States (RM32.8 billion), Germany (RM32.2 billion), China (RM28.2 billion), Singapore (RM27.3 billion), and Hong Kong (RM7.4 billion).

Anwar also addressed comments regarding his series of overseas visits last year, which were criticised for their cost.

He said that these trips were for work purposes.

“Do I need to keep going overseas? Some have commented on the expenses.

“We arrive at the hotel, hold meetings, attend bilateral discussions — that’s our job. Once it’s done, we return straight away.

“I didn’t take a single day off to play golf,” he added.

Anwar said that there were plans for foreign leaders to visit Malaysia in the near future.

“We will receive a visit from South Africa in April. In addition, President Xi Jinping of China will also visit Malaysia.

“When we show friendship, they will come with business delegations that will provide exposure to opportunities in Malaysia,” he said.

Source: NST

Anwar: Foreign investments fuel Malaysia’s economic rise

Malaysia remains a top destination for European and US investors, even though the country has joined BRICS as a partner country.

The Ministry of Investment, Trade, and Industry (Miti), in a written response published on the Parliament’s website on Tuesday (Feb 25), informed that as of December 2024, a total of 56 potential projects with an investment commitment of nearly RM20 billion have been identified, and are set to be implemented in the country.

It stated that large international companies, such as Intel, Amazon Web Services, Oracle, Google, and Plexus, continued to commit to investing or increasing their investments in Malaysia, making the country one of the primary destinations for over 600 US companies.

“Although Malaysia has now joined BRICS as a partner country on Jan 1, 2025, it continues to maintain strong relations with its traditional trade partners. The evolving relationship with the US and Europe ensures that Malaysia can capitalise on economic opportunities from both sides, without neglecting its involvement in the growing BRICS bloc,” said the ministry in response to a question from Datuk Abdul Khalib Abdullah (PN-Rompin).

Abdul Khalib wanted to know the impact of foreign countries, such as Europe and the United States, on the country’s investment and trade sectors if Malaysia becomes a BRICS member.

According to the ministry, Malaysia’s involvement in BRICS also opens up broader market access, especially with countries that do not have free trade agreements with Malaysia, such as Russia, Brazil, South Africa, and India.

“This move has the potential to provide new opportunities in the trade and investment sectors, while strengthening Malaysia’s position as a dynamic economy globally. Additionally, the country’s trade performance also shows impressive growth,” explained Miti.

In 2024, total trade with the United States recorded RM325 billion, an increase of 30% compared to RM250 billion in 2023, while trade between Malaysia and European countries reached RM263 billion, an increase of 4% compared to the previous year.

Miti said the BRICS economic bloc, which recorded nearly US$30 trillion (RM132.6 trillion) in 2024, provides Malaysia with an opportunity to further strengthen its strategic position in international trade. “With this background, Malaysia aims to continue improving its competitiveness, and empowering the national economy through the Madani Economic Framework, in line with the inclusive social and economic development plan,” it added.

BRICS is a bloc that collectively contributes one-fifth to global trade, consisting of nine member countries: Brazil, Russia, India, China, South Africa, United Arab Emirates (UAE), Ethiopia, Iran, and Egypt.

Source: Bernama

MITI: Malaysia remains top investment destination for Europe and US, nearly RM20b in commitments identified

THE Johor-Singapore Special Economic Zone (JS-SEZ) has spurred excitement in the business community, with many companies considering relocating or forming partnerships with local firms.

The timely creation of the zone early this year is lauded, given the expected completion of major infrastructure projects next year such as the Rapid Transit System Link (RTS Link) and Gemas-Johor Baru Electrified Double Track Project.

Under the JS-SEZ agreement, both Malaysia and Singapore will collaborate to promote investments in 11 economic sectors: manufacturing, logistics, food security, tourism, energy, digital economy, green economy, financial services, business services, education and health.

The area spans about 3,588sq km, roughly four times the size of Singapore.

It covers six districts in Johor namely Johor Baru, Iskandar Puteri, Pasir Gudang, Pontian, Kulai and Kota Tinggi.

The zone aims to attract 50 to 100 major projects in the first five to 10 years, creating 20,000 skilled jobs, with each investment ideally exceeding RM200mil.

To entice multinational companies to set up offices here, several incentives are being offered.

Johor set up the Invest Malaysia Facilitation Centre Johor (IMFC-J) in Forest City on Feb 18 as a one-stop multi-agency facility to help investors.

Agencies like Malaysian Investment Development Authority, Iskandar Regional Development Authority, Invest Johor and Johor Corporation are actively promoting the zone.

Despite the positive momentum, questions remain about the blueprint or roadmap to ensure that this project does not become a white elephant.

Concerns include the future of existing development projects in Iskandar Malaysia, the rising cost of living in Johor, will there be wage increases, and whether development will simply focus on more high-rise projects around the city centre to attract foreign buyers.

Some local developers report significant land price increases in Johor, especially in the city area, due to foreign buyers.

Recent major announcements include the RM2.6bil development at the Johor Baru RTS Link terminus that will connect to Singapore’s Woodlands North MRT station.

The project, currently called the Bukit Chagar Integrated Mixed-Use Development, comprises a mall, four towers, a hotel, serviced apartments, a health and wellness hub as well as education facilities.

Hong Kong-listed Gold Peak Technology Group, a global leader in battery technology and energy storage solutions, is also planning a RM670mil manufacturing as well as research and development facility.

The government’s move to ease congestion at both our land borders with the island republic through the installation of more autogates and QR code scanners are steps in the right direction.

However, if we do manage to attract a large volume of people from across the Causeway, are we ready with good infrastructure such as wider roads and ample parking spaces?

Once the RTS Link is completed, at least 10,000 people will be arriving in Johor Baru hourly. How will they be moving around the city area?

The JS-SEZ also allows investors to move their goods via three major ports, namely Port of Tanjung Pelepas, Johor Port and Tanjung Langsat Port, while Senai International Airport is also part of this grand plan.

While Johor has air and sea hubs, are our main roads linking them − like Jalan Skudai, Jalan Tebrau, Pasir Gudang Highway and Eastern Dispersal Link − able to handle the extra traffic as they are already choked during peak hours daily?

Besides building more roads to disperse traffic, there is also an urgent need to implement the autonomous rail rapid transit.

It is crucial to improve connectivity between the RTS Link project and Kempas transportation hub.

There is also a need to ensure the state has ample resources, such as water and electricity, to cater to new investors.

Currently, we have 20 data centres operating in Johor, with another 40 in the pipeline.

One question on people’s minds is whether Johor can sustain this high demand in the long-term, especially when we have to continue supplying 250 million gallons of raw water to Singapore daily.

Human resources is another factor that needs to be looked into.

Skills training institutes need to update their syllabus to produce students adept in artificial intelligence and advanced technology, who can meet future demand.

The government should also come up with plans to help the people cope with the rising cost of living.

Developments in JS-SEZ should also be better communicated to the public via regular updates through the mass media.

The JS-SEZ represents a synergistic opportunity for both Singapore and Johor, with Johor providing land and resources to complement our neighbour’s growth.

Source: The Star

Key challenges to Johor-Singapore SEZ

Malaysia anticipates a 5% increase in investments for 2025, in line with gross domestic product growth, following record high RM378.5 billion in approved investments in 2024, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said the government set the target after discussions with the Malaysian Investment Development Authority (Mida).

“After discussions with Mida’s management, we have agreed to set the investment target for 2025 to increase by 5% from 2024,” he said at Mida Annual Media Conference 2025, an event that unveils the country’s 2024 investment performance in the manufacturing, services and primary sectors today.

Malaysia secured RM378.5 billion in approved investments in 2024, up from RM329.5 billion in 2023, the highest on record.

The investments span the manufacturing, services, and primary sectors, signalling strong investor confidence despite global economic uncertainties, the minister said, adding that this represents a 14.9% year-on-year increase, covering 6,700 projects.

Tengku Zafrul said these investments will create more than 207,000 new job opportunities for Malaysians.

Of the total investments, 55% (RM208.1 billion) came from domestic sources, continuing a two-year trend of Malaysian investors increasing their investments locally.

Foreign investments contributed 45% or RM170.4 billion of approved investments.

“Malaysia has a healthy blend of investors from both the East and the West, reinforcing Malaysia’s position as a preferred investment destination,” said Tengku Zafrul.

The United States led foreign investments with RM32.8 billion, followed by Germany RM32.2 billion, China RM28.2 billion, Singapore RM27.3 billion and Hong Kong RM7.4 billion.

Selangor attracted the highest amount of approved investments at RM101.1 billion, followed by Kuala Lumpur RM91.5 billion, Johor RM48.5 billion, Kedah RM45.8 billion and Penang RM32 billion.

In terms of sectors, in 2024, services secured RM252.7 billion in approved investments, or 66.8% of the total.

“These investments are set to generate nearly 120,0005 new jobs, reaffirming the sector’s role as the backbone of our economy, driving solid growth and job creation,” said Tengku Zafrul.

Within the services segment, the information and communication sub-sector attracted RM136 billion in investments.

“This made up 53.8% of total approved investments for the services sector, highlighting the growing adoption of digital technologies across sectors such as agriculture, healthcare, finance, tourism and the halal economy,” the minister said.

Tengku Zafrul said this trend extends to other vital areas, such as real estate, which saw RM64.5 billion in investments, support services with RM12.9 billion, utilities at RM11.1 billion, and transport services receiving RM8.5 billion.

Meanwhile, the Digital Investment Office, jointly run by Mida and Malaysia Digital Economy Corporation, delivered RM133.3 billion in digital investments in 2024.

“This has effectively surpassed our RM130 billion national digital investment target set for 2025, with total approved investments reaching RM278 billion between 2021 and December 2024,” Tengku Zafrul said.

“Notable projects include STT GDC’s commitment to building a world-class sustainable digital infrastructure. Located in Johor, this project is poised to advance our vision for the Johor Singapore Special Economic Zone as a hub for innovation, technology, and investment.”

In 2024, Malaysia’s manufacturing sector secured RM120.5 billion in investments, or 31.8% of total approved investments. Involving 1,108 projects, these will create nearly 88,000 (87,695) new jobs. Notably, 82.2% (or more than 72,000 jobs) are reserved for Malaysians.

Tengku Zafrul said 41.6% of these positions are high-value roles, spanning management, technical and skilled labour categories.

Several key industries are leading the way in high-value job creation – 72.6% of jobs in aerospace are high-value positions. The figure is 44.4% in chemicals and chemical products, 40.6% in electrical and electronics (E&E), 37% in pharmaceuticals and 34.4% in medical devices.

The E&E industry secured RM55.8 billion in approved investments. Of this, 86.2% is in the semiconductor subsector. Other key contributors include transport equipment RM15.8 billion, chemicals and chemical products RM10.6 billion, machinery and equipment RM10.6 billion, and food manufacturing RM6.1 billion.

Major manufacturing projects approved in 2024 include EVE Energy Malaysia’s RM6.8 billion expansion for lithium-ion battery production in Kedah, MKS Instruments Malaysia’s RM2.2 billion super centre factory in Penang, F&N Agrivalley’s RM1.7 billion integrated dairy farming and dairy product manufacturing in Negeri Sembilan, Chery Corporate Malaysia’s RM1.4 billion assembly plant in Selangor, Plexus Manufacturing’s RM1 billion sixth facility in Penang and Dominant Opto Technologies’ RM1 billion automotive LED manufacturing facility in Malacca.

Source: The Sun

Malaysia targets 5% increase in investments this year, in line with GDP growth

The Ministry of Investment, Trade and Industry (MITI) targets a five per cent growth in approved investments for Malaysia this year, over RM378.5 billion in 2024, which was the highest ever recorded.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the target was set in line with the expectation of Malaysia’s gross domestic product growth this year of 4.7 per cent.

“The target was set after MITI took into consideration geopolitical and trade alignments that disrupt supply chains and redefine global partnerships as well as technology advancements such as automation, artificial intelligence (AI), and Internet-of-Things (IoT) that are reshaping industries,” he said in a press conference after announcing the country’s investment performance in the manufacturing, services and primary sectors.

Tengku Zafrul also said that the increasing use of state-driven policies and subsidies as emerging countries compete to attract investments and build up key industries and the global push for sustainability have influenced the economic and business landscape.

Elaborating on 2024’s investment performance, he highlighted that the RM378.5 billion in approved investments represented a 14.9 per cent year-on-year increase, covering 6,700 projects across the manufacturing, services, and primary sectors.

“These investments will create over 207,241 new job opportunities for Malaysians, reaffirming the MADANI Economy Framework’s vision to raise the floor of our economy for our people,” he added.

Tengku Zafrul pointed out that 55 per cent (RM208.1 billion) of the approved investments came from domestic investors.

“For the past two years, we are happy to see the rising trend of Malaysian investors increasing their investments in Malaysia.

“As for foreign investments, these contributed 45 per cent (RM170.4 billion) of approved investments,” he added.

He added that strong investment by domestic investors would mitigate the concerns of foreign investors about global demand and supply.

Tengku Zafrul said that Malaysia’s top foreign investors are the United States of America (RM32.8 billion), followed by Germany (RM32.2 billion), China (RM28.2 billion) and Singapore (RM27.3 billion).

For the key investment destination within Malaysia, the top five states that have emerged as key investment destinations are Selangor (RM101.1 billion), Kuala Lumpur (RM91.5 billion), Johor (RM48.5 billion), Kedah (RM45.8 billion), and Penang (RM32.0 billion).

Regarding potential new investment areas, Tengku Zafrul said MITI is looking to boost investments from Turkiye and Brazil, particularly in aerospace and automotive.

“Turkiye has very advanced aerospace industries and also automotive, while Malaysia has a very advanced semiconductor industry, which can work closely with the industries of automotive aerospace,” he added.

Source: Bernama

MITI targets 5% growth in approved investments in 2025, over last year’s RM378.5b

The Free Trade Agreement (FTA) negotiations between Malaysia and the European Union (EU) are expected to be concluded next year, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Tengku Zafrul said concerns surrounding palm oil have been successfully resolved by both parties.

“I am pleased to report that palm oil is no longer an issue in these FTA negotiations. We have successfully addressed their (EU) concerns by adhering to the standards set.

“However, there are other new areas that we must also pay attention to, and before we can finalise this, there are still many things we need to do.

“Unlike previous FTAs, this one is more comprehensive as it covers digital and green aspects. We want to ensure that this agreement benefits all parties,” he said.

Tengku Zafrul was speaking at the Ministry of Investment, Trade and Industry (MITI) 2024 Performance Report Card and strategic direction for 2025.

He emphasised that in any FTA, it is crucial to ensure Malaysian companies are well-prepared to participate and benefit from it.

“Without their involvement, the positive effects of the FTA will be difficult to observe. My target is to finalise this EU FTA next year. 

However, the exact timeline remains uncertain, and I will provide updates when available. I am working hard to make it happen,” Tengku Zafrul said.

Prime Minister Datuk Seri Anwar Ibrahim and European Commission President Ursula von der Leyen announced the resumption of the Malaysia-EU FTA negotiations last month.

The announcement was made during Anwar’s official visit to Brussels, Belgium, on Jan 19 to Jan 20, 2025.

Source: NST

Malaysia-EU FTA talks to conclude in 2026, says Tengku Zafrul

Johor cemented its status as a top investment destination, recording RM48.5 billion in foreign direct investment (FDI) last year, up from RM43.1 billion in 2022.

Menteri Besar Datuk Onn Hafiz Ghazi said data from the Malaysian Investment Development Authority (MIDA) showed Johor secured RM18 billion in FDI by the third quarter.

However, a final-quarter surge saw investments soar by RM30.5 billion, propelling Johor into the top three states with the highest FDI inflows.

Selangor led with RM101.1 billion in FDI, followed by Kuala Lumpur at RM91.5 billion.

Johor’s investment was primarily driven by the services sector, which contributed RM34 billion, while the manufacturing sector accounted for RM14.2 billion.

The figures were revealed at the launch of the first Paris Baguette Halal Hub in Nusajaya Tech Park today.

The event was attended by Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han, Berjaya Corp Bhd founder Tan Sri Vincent Tan, SPC Group chairman Hur Young In, and Paris Baguette Asia Pacific chief executive officer Hana Lee.

Lee said SPC Group, a South Korean food and beverage giant, invested over RM130 million in the Paris Baguette Halal Hub, which will create at least 100 job opportunities in the states.

“Paris Baguette is the first halal-certified food production plant, supplying halal products across Asia, Southeast Asia, and the Middle East,” he said, adding its RM130 million investment had boosted Johor’s halal sector.

The facility, spanning 16,500 square metres in Nusajaya Tech Park, would also export its products to South Korea, where there is a growing demand for halal-certified products, especially from Middle Eastern and Muslim tourists.

Lee said Malaysia’s globally recognised halal certification by the Islamic Development Malaysia Department (JAKIM) was a key factor in SPC’s decision to establish the factory in Johor.

“The halal market is projected to reach US$ 3 trillion (RM 13.2 trillion) by 2030. This investment strengthens Johor’s position in the global halal industry,” he added.

The Johor government welcomes foreign investments in the halal sector, aligning with Malaysia’s ambition to be a leading halal hub.

Source: NST

Johor’s FDI hits RM48.5bil, cements status as top three investment hubs

The Investment, Trade, and Industry Ministry (Miti) targets a five per cent growth in approved investments for Malaysia this year, over RM378.5 billion in 2024, which was the highest-ever recorded.

Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the target was set in line with the expectation of Malaysia’s gross domestic product growth this year of 4.7 per cent.

“The target was set after Miti took into consideration geopolitical and trade alignments that disrupt supply chains and redefine global partnerships as well as technology advancements such as automation, artificial intelligence, and Internet-of-Things that are reshaping industries,” he said during a press conference today after announcing the country’s investment performance in the manufacturing, services, and primary sectors.

The increasing use of state-driven policies and subsidies as emerging countries compete to attract investments and build up key industries and the global push for sustainability have influenced the economic and business landscape.

Elaborating on 2024’s investment performance, Tengku Zafrul said the RM378.5 billion in approved investments represented a 14.9 per cent year-on-year increase, covering 6,700 projects across the manufacturing, services, and primary sectors.

“These investments will create over 207,241 new job opportunities for Malaysians, reaffirming the Madani Economy framework’s vision to raise the floor of our economy for our people,” he said.

Malaysian Investment Development Authority (Mida) chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said their focus remains on attracting high-quality, strategic investments that align with national priorities.

“Through proactive investor engagement, end-to-end support, and fostering strong public-private partnerships, Mida and Miti continue to drive industrial transformation, accelerate the adoption of advanced technologies, and champion sustainable practices.

“To remain competitive and resilient, Malaysia must transform the key sectors, particularly manufacturing and services and move up the value chain through a whole-of-government approach,” he said.

Shamsul added that Mida will continue to drive the country’s investment promotion by centralising investment promotion and marketing efforts across investment promotion agencies and regional economic corridors.

“By streamlining investment efforts and ensuring stronger coordination at regional and national levels, Malaysia aims to further increase implementation rates and create a seamless investment experience for investors,” he said.

Meanwhile, Tengku Zafrul pointed out that 55 per cent (RM208.1 billion) of the approved investments came from domestic investors.

“For the past two years, we are happy to see the rising trend of Malaysian investors increasing their investments in Malaysia.

“As for foreign investments, these contributed 45 per cent (RM170.4 billion) of approved investments,” he said.

Strong investment by domestic investors would mitigate the concerns of foreign investors about global demand and supply.

Malaysia’s top foreign investors are the United States (RM32.8 billion), followed by Germany (RM32.2 billion), China (RM28.2 billion), and Singapore (RM27.3 billion).

For the key investment destination within Malaysia, the top five states that have emerged as key investment destinations are Selangor (RM101.1 billion), Kuala Lumpur (RM91.5 billion), Johor (RM48.5 billion), Kedah (RM45.8 billion), and Penang (RM32.0 billion).

Regarding potential new investment areas, Tengku Zafrul said Miti is looking to boost investments from Turkiye and Brazil, particularly in aerospace and automotive.

“Turkiye has very advanced aerospace industries and also automotive, while Malaysia has a very advanced semiconductor industry, which can work closely with the industries of automotive aerospace,” he said.

Source: Bernama

Selangor tops key investment destinations as Miti looks to increase approved investments by five pct

Malaysia and France have agreed to boost cooperation in the fields of defence, economy and energy, in addition to trade, investment, tourism and also artificial intelligence, Prime Minister Datuk Seri Anwar Ibrahim said.

The matter was brought up during a telephone conversation today with French President Emmanuel Macron, during which they also discussed developments stemming from their meeting during the G20 Summit in Rio De Janeiro, Brazil on Nov 19.

“I also expressed my gratitude to Macron for the support given to the rebuilding of Gaza, which has suffered greatly at the hands of the cruel Zionist regime.

“We have also agreed to seek a solution with regards to Myanmar to bring peace to the country using appropriate diplomatic approaches,” he posted on Facebook today.

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Anwar also stated the government’s willingness to receive Marcon and his delegation to Malaysia this May in an effort to boost bilateral ties between both countries.

Source: Bernama

Malaysia, France to boost cooperation in AI, defence

Malaysia’s ASEAN Chairmanship in 2025 has the potential to boost the country’s capacity as an investment, tourism, and trade destination, says Prime Minister Datuk Seri Anwar Ibrahim.

In this regard, he said several strategic sectors, including semiconductors, artificial intelligence (AI), data centres, as well as the strengthening of new energy, agriculture, and food technology, would be prioritised in efforts to enhance the country’s economic growth.

Speaking at a press conference after the MADANI Government Retreat here, Anwar, who is also the Finance Minister, expressed satisfaction with Malaysia’s ASEAN Chairmanship preparations and the strong commitment of all parties to ensure its success.

He also revealed that during last week’s meeting, several proposals were presented to ensure the government could deliver its best while enhancing the country’s image on the global stage.

Anwar said that as a trading nation, Malaysia must seize the opportunity of the ASEAN Chairmanship to further strengthen trade efforts, as this ASEAN Summit would be the first to involve the Gulf Cooperation Council (GCC) and China.

Anwar said Malaysia was also committed to holding the ASEAN-United States (US) Special Summit as part of efforts to expand the country’s trade scope.

“But what is special is that at every ASEAN summit, there will be large-scale exhibitions and conferences organised not only by the government but also in collaboration with media companies and major global corporations from Saudi Arabia, China, the US, and, of course, ASEAN,“ he said.

Anwar said South African President Cyril Ramaphosa, who will be making a working visit to Malaysia soon, had also expressed Africa’s support for Malaysia’s ASEAN Chairmanship in Kuala Lumpur.

Under the theme ‘Inclusivity and Sustainability’, Malaysia will host over 300 ASEAN-related meetings, programmes, and summits throughout the year.

Malaysia previously chaired ASEAN in 1977, 1997, 2005, and 2015.

Source: Bernama

Malaysia’s 2025 ASEAN Chairmanship to boost investment, tourism, and trade – Anwar

Rapid economic recovery and resilience, as well as the people’s capabilities to help the country progress, have become attractive factors for foreign investors to come to Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

He said foreign leaders and companies are observing how Malaysia has managed to record strong economic growth and high investment inflows, while other countries are struggling to recover after the COVID-19 pandemic.

“I believe we have the capabilities. Malaysia is extraordinary. Where in the world can a society with diverse ethnicities and religions live in peace?

“There are countries that have faltered a little, weakened by various scandals. Then came COVID-19. But we are now bouncing back with good growth, high investments, and becoming data centre and semiconductor hubs,“ he said at an event Alamanda Berwajah Baharu celebrating the completion of the mall’s upgrade here today.

Anwar also said Malaysia’s ability to attract foreign investors lies in the people’s capabilities to advance and elevate the country.

“Why (do investments come)? Because they see the capabilities of the people.

“So we give our appreciation to your youths, management, traders and cleaners,“ he said.

Malaysia also expects more foreign leaders, including the Chinese and South African presidents to visit.

Malaysian food recipes

“During Ramadan, (the foreign leaders’ visits) will be postponed but will resume after April,“ he said.

Source: Bernama

Economic recovery, people’s capabilities among factors attracting foreign investors – PM Anwar

Johor is looking to attract investments from Asean nations to mitigate the impact of global uncertainties, says Invest Johor chief executive officer Natazha Harris (pic).

He noted that Asean remains relatively stable, making it an attractive region for investments, particularly in the Johor-Singapore Special Economic Zone (JS-SEZ).

When asked about the retaliatory trade tariffs between the United States and China, Natazha said there has been no direct impact so far and even if any consequences were to arise, they will likely be felt next year.

He also revealed that Invest Johor is in the process of corporatisation by next month, which will allow the new government-linked company, Invest Johor Sdn Bhd, greater flexibility and autonomy in securing investments for the state.

“We hope this will help cut bureaucracy. We will actively promote the whole of Johor as an investment destination,” he said in an interview after attending the inaugural Johor-Indonesia Economic Business Forum 2025 here.

Currently, various agencies, such as the Iskandar Development Authority, Iskandar Investment Bhd and Johor Corporation, focus on targeted investment promotion.

Natazha said Invest Johor will also play its role in attracting investments into the JS-SEZ, target­ing 50 to 100 high-growth projects over the next five to 10 years.

“Each of these multi-national companies will be investing a minimum of about RM200mil in the zone,” he said, adding that digital economy is one of the targeted sectors.

Currently, Johor hosts around 20 operational data centres, with an additional 40 in the pipeline, said Natazha.

Johor’s strategic advantages, he said, lie in advanced manufactu­ring, digital economy, logistics and warehousing as well as health tourism.

“Our food processing sector, especially in halal certification, is also strong as it is recognised in over 100 countries worldwide,” said Natazha.

Johor is also eager to expand cross-border trade with Indonesia, he added.

Meanwhile, Indonesian Consul General in Johor Baru, Sigit Suryantoro Widiyanto, highligh­t­ed the potential for stronger trade ties as Johor’s exports to Indonesia accounted for only 6.99% or RM29bil of Malaysia’s total RM418bil exports to the republic last year.

Similarly, Johor’s imports from Indonesia stood at 4.81% or RM18bil out of Malaysia’s total RM380bil imports, he said, hoping to see Johor’s trade figures with Indonesia reach at least 10% by next year.

Tourism is another area for expansion, Sigit added, noting that 1.36 million Indonesians ­visited Johor last year.

“We expect the figure to increase, especially with Visit Johor Year approaching next year,” he said, adding that Johor remains a popular medical tourism destination for Indonesians.

Source: The Star

Johor sets eyes on Asean investors

JOHOR is set to solidify its status as a top investment destination, with Menteri Besar Datuk Onn Hafiz Ghazi expressing confidence that the state would be among the top three in drawing foreign direct investment (FDI).

Onn Hafiz said the FDIs would soon to be announced by the Malaysian Investment Development Authority (Mida) and the Investment, Trade and Industry Ministry.

He is confident that Johor would be highly ranked, based on investor interest in the JohorSingapore Special Economic Zone (JS-SEZ), which covers nine flagship areas in the state.

During a recent business forum attended by over 300 participants,

including 200 potential investors from Singapore, France, Germany and Malaysia, Onn Hafiz said the growing momentum of interest in the JSSEZ was outstanding.

The forum, organised by the Singapore Business Federation and United Overseas Bank, was an information dissemination session that marked a milestone following the signing of the JSSEZ agreement.

“This forum reaffirms international

investors’ confidence in Johor as a competitive investment hub.

“The strategic investments discussed will not only create high-quality job opportunities but also drive infrastructure development and boost the state’s economy.”

Johor’s push for economic expansion is reinforced by key initiatives, including the establishment of the Invest Malaysia Facilitation Centre-Johor to

streamline cross-border investments and the Johor Talent Development Council to cultivate a highly skilled workforce.

“JS-SEZ is no longer just a vision, it is taking shape and delivering results.

“With strong investor backing and close collaboration among all stakeholders, Johor is on track to becoming a regional economic powerhouse,” Onn Hafiz said on Facebook yesterday.

Source: NST

Johor closer to becoming top FDI destination

Johor is set to solidify its status as a top investment destination, with Menteri Besar Datuk Onn Hafiz Ghazi expressing confidence that the state will rank among the top three in Foreign Direct Investment (FDI) inflows.

Onn Hafiz said the FDIs will soon to be announce by the Malaysian Investment Development Authority (MIDA) and the Investment, Trade and Industry Ministry (MITI).

He is confident that Johor will be ranked among the top, based on investors interested in the Johor- Singapore Special Economy Zone, introduced in nine flagships across the state.

During a recent high-profile business forum attended by over 300 participants, including 200 potential investors from Singapore, France, Germany, and Malaysia, Onn Hafiz said the growing momentum of the JS-SEZ was outstanding.

The forum organised by the Singapore Business Federation (SBF) and United Overseas Bank (UOB), was an information dissemination session that marked a significant milestone following the JS-SEZ agreement signing.

“This forum reaffirms international investors’ confidence in Johor as a competitive investment hub. The strategic investments discussed will not only create high-quality job opportunities but also drive infrastructure development and boost the state’s economy,” he said.

Johor’s push for economic expansion is reinforced by key initiatives, including the establishment of the Invest Malaysia Facilitation Centre-Johor (IMFC-J) to streamline cross-border investments and the Johor Talent Development Council (JTDC) to cultivate a highly skilled workforce.

“JS-SEZ is no longer just a vision, it is taking shape and delivering results.

“With strong investor backing and close collaboration among all stakeholders, Johor is firmly on track to becoming a regional economic powerhouse,” Onn Hafiz said today on his Facebook.

He added with the accelerating investments and robust policies, Johor is poised to become a major driver of Southeast Asia’s economic growth, unlocking vast opportunities for progress and prosperity.

Source: NST

Johor eyes top 3 spot in FDI as JS-SEZ gains investor confidence

Perlis is poised for significant industrial expansion, supported by key initiatives such as the Chuping Valley Industrial Area (CVIA) and the Perlis Inland Port (PIP). 

Deputy Investment, Trade and Industry Minister Liew Chin Tong highlighted Perlis’s potential to achieve economic growth as Malaysia gears towards a second takeoff.

As one of the northern region states in Peninsular Malaysia, Liew said Perlis holds immense border trade and business potentials. 

“Perlis also stands a great chance of benefiting from the economic spillover from neighbouring Kedah and Penang states. I see positive developments in the implementation of these projects and we hope that they will become new engines of growth for Perlis once completed.

“As we move forward, guided by the New Industrial Master Plan 2030, National Energy Transition Roadmap and the Green Investment Strategy, I believe it is crucial for us to build on this momentum and leverage Perlis’s strengths to drive growth and development across Malaysia,” he said in a statement in conjunction with the Malaysian Investment Development Authority (MIDA), Invest Series. 

Echoing this sentiment, MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised MIDA’s support in driving investment into Perlis.

“We are stepping into 2025 with a clear and ambitious agenda. Perlis is moving forward with a clear strategy—leveraging its location, business-friendly policies, and growing infrastructure to attract industries that want to expand and innovate. 

“At MIDA, we always strive to do our best to facilitate investment across Malaysia, and Perlis is no exception. Our dedication is reflected in action,” he said. 

Perlis took center stage today as a promising investment destination during the MIDA Invest Series. 

MIDA, the Perlis state government, and the Northern Corridor Implementation Authority (NCIA) jointly hosted the landmark event at MIDA Sentral, drawing 200 attendees from both local and foreign investors, as well as industry players.

A key highlight of the event was the exchange of a memorandum of understanding between Mutiara Perlis Sdn Bhd and Bina Darulaman Bhd, as well as the exchange of memorandum of collaboration between Mutiara Perlis Sdn Bhd and MAERSK Logistics & Services Malaysia Sdn Bhd. 

These strategic collaborations aim to enhance logistics efficiency, infrastructure development, and international trade connectivity, reinforcing Perlis’s position as a logistics hub in the region.

Source: NST

Perlis set for major industrial growth – MITI

Perlis is poised to experience significant economic growth this year as new investment opportunities continue to emerge across key sectors, said Menteri Besar Mohd Shukri Ramli.

He said the state government has outlined ambitious plans to attract both domestic and international investors, capitalising on Perlis’s strategic location and business-friendly policies.

“A memorandum of understanding (MoU) and a memorandum of cooperation (MoC) were signed, paving the way for projects that are expected to generate employment and stimulate local businesses,” he said in a press conference held in conjunction with Malaysian Investment Development Authority (Mida) Invest Series Perlis here today.

The MoU was between Mutiara Perlis Sdn Bhd and Bina Darulaman Bhd, and the MoC between Mutiara Perlis Sdn Bhd and Maersk Logistics & Services Malaysia Sdn Bhd to enhance logistics efficiency, develop infrastructure and strengthen international trade relations.

Shukri said Perlis anticipates securing RM800 million in spillover benefits through the signing of the MoU and the MoC which were part of the Mida Invest Perlis series this year. “The agreements, facilitated through collaborations with Mida, mark a critical step in positioning the state as a hub for industrial and tourism development.”

He noted that investment growth in Perlis is being driven by Chuping Valley Industrial Area (CVIA) and Perlis Inland Port (PIP), key projects designed to enhance the state’s economic appeal. He added that with infrastructure improvements and policy incentives in place, Perlis is positioning itself as an attractive destination for high-value investments.

“The state aims to enhance its role as a northern economic hub, leveraging its connectivity with neighbouring regions to boost trade and industrial development,” the Menteri Besar said.

He added that the state government is focusing on three major industries – automotive, green energy and agriculture – to spearhead economic expansion.

“CVIA aims to attract 20 to 30 investors this year, targeting industries such as solar energy, data centres, and agriculture-based production,” Shukri said.

Despite the state’s small size, it holds immense potential, particularly through its connectivity with Penang, which can be leveraged to accelerate economic growth, he added.

“We are focusing on the development of the CVIA, covering more than 2,900 hectares of land. The potential of this area has attracted significant investor interest, particularly in solar energy development, data centers, agriculture, and other key sectors.”

Shukri said the new industrial zone will maximise its potential by leveraging the benefits of PIP.

“With strong infrastructure connectivity and planned developments in the coming years, and as part of the Indonesia-Malaysia-Thailand Growth Triangle, I am confident that both projects will serve as ideal hubs for investors to explore opportunities and establish new businesses in Perlis.”

Also present was the Investment, Trade, and Industry Deputy Minister Liew Chin Tong, who reaffirmed the federal government’s commitment to developing Perlis as a key investment hub in the northern region of Peninsular Malaysia.

“As one of the northern region states in Peninsular Malaysia, Perlis holds immense border trade and business potentials. Perlis also stands a great chance of benefitting from the economic spillover from neighbouring Kedah and Penang states,” he said.

Source: The Sun

Perlis positions itself to attract significant investment inflows

Approved foreign investments (FI) in various economic sectors totalled RM254.7 billion between January and September 2024, according to the Investment, Trade and Industry Ministry (Miti).

This involved 4,753 projects which are expected to generate 159,347 new job opportunities, the ministry said.

“This overall performance is 10.7% higher versus RM230.2 billion in the same period in 2023,” it said.

According to Miti, the services sector recorded the highest amount at RM160.7 billion, contributing more than half of the total approved investment amount, or 63.1% with 3,909 projects.

Investments in the manufacturing sector totalled RM88.8 billion (34.9%) with 800 projects, while the primary sector had RM5.2 billion (2%), involving 44 projects, Miti said.

“These projects are expected to create 100,914 job opportunities in the services sector, 58,017 in the manufacturing sector, and 416 in the primary sector,” according to Miti in a written response in the Dewan Rakyat on Wednesday in response to Muhammad Ismi Mat Taib (PN-Parit) who asked for 2024 total approved investments and foreign direct investments (FDIs) statistics.

Miti also clarified that there is a difference in FDI as used by the Statistics Department (DOSM) and FI used by Miti and the Malaysian Industrial Development Authority (Mida).

“DOSM’s FDI refers to investments in the context of inflow and outflow of foreign capital, focussing on financial transactions conducted by foreign companies.

“Meanwhile, the term FI by Miti/Mida refers to proposed private investment projects put forward by investors across various sectors of the national economy, including the primary, manufacturing, and services sectors, with the breakdown of FI and domestic investment (DI) being calculated through the distribution of foreign or domestic equity,” Miti explained.

Comparing total approved investment for FI and DI between January and September 2024, the ministry said FI recorded RM106.7 billion, or 41.9%, while DI contributed RM148 billion, or 58.1%.

Approved investments in various economic sectors for the entire 2024 will be announced during the annual Mida press conference at end-February 2025, Miti said.

It is also optimistic that investment momentum can be maintained based on its performance and the current economic situation.

“The government will also continue to intensify efforts in developing new strategies and initiatives, including introducing investment policy reforms to further enhance investor confidence and strengthen Malaysia’s position as a competitive investment destination globally,” Miti added.

Source: Bernama

MITI says Jan-Sept 2024 approved investments totalled RM254.7 bil

Malaysia and Bahrain are set to explore new areas of cooperation, including in the semiconductor sector, following the 50th anniversary of their diplomatic ties last year, according to Prime Minister Datuk Seri Anwar Ibrahim.

Anwar highlighted this during a courtesy call on Bahrain’s Crown Prince and Prime Minister Salman Hamad Al Khalifa at the Gudaibiya Palace here today.

“During the meeting, we were able to assess the level of progress of bilateral relations between Malaysia and Bahrain as well as have the opportunity to explore new forms of cooperation.

“This cooperation covers several key result areas, including investment and trade, Islamic finance and banking, semiconductors and connectivity covering the tourism sector,” he said in a statement.

Anwar arrived in Bahrain earlier today for an official visit to the Gulf country at the invitation of the Crown Prince.

During the hour-long meeting, the two leaders also discussed regional developments, with a particular focus on Palestine.

“This matter requires comprehensive cooperation and willpower to ensure that the Muslim brothers there are in good condition and receive the much-needed support,” the Prime Minister said.

As part of Malaysia’s Asean Chairmanship, Anwar also extended an invitation to the Crown Prince to visit Malaysia or attend the upcoming Asean-Gulf Cooperation Council (GCC) Summit and the Asean-GCC+ China Summit.

“May the relationship between Malaysia and Bahrain continue to be strengthened and attract more investments for the sake of the country’s economic progress and potential,” he added.

Tomorrow, Anwar is scheduled to have an audience with the King of Bahrain, Raja Hamad Isa Al Khalifa, at the Sakhir Palace in the southern part of the country.

Anwar, who is also Finance Minister, is scheduled to hold talks with Bahrain’s Finance Minister, Shaikh Salman Khalifa Al Khalifa and visit the Bahrain Economic Development Board to explore economic collaboration.

The prime minister is also scheduled to meet the Malaysian diaspora at a dinner event tonight.

Bahrain, home to 297 Malaysians, including three currently pursuing higher education, boasts one of the world’s highest-valued currencies. 

Source: Bernama

Malaysia, Bahrain set to strengthen ties with focus on semiconductors and investment

UOB Malaysia and Invest Johor have launched a “Green Lane” initiative to accelerate investments into the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration follows a memorandum of understanding (MOU) signed between the two organisations at the 2024 Asean Conference last August.

Under the Green Lane initiative, UOB Malaysia will conduct pre-qualification assessments for its customers seeking super lane approval in Johor, based on criteria set by Invest Johor. This aims to expedite the investment approval process and reduce bureaucratic delays to attract more high-value investments to the JS-SEZ.

“As far as I know, we are still the first and only bank that Invest Johor has signed an MOU with,” UOB Malaysia chief executive officer Ng Wei Wei told reporters at the launch of the initiative on Wednesday.

UOB has also introduced a fast-lane account opening service tailored for Singapore-based customers expanding into the JS-SEZ. It has set up dedicated JS-SEZ desks in both Johor and Singapore to provide financial support, including cross-border banking solutions, account opening, and market entry advisory services, to its customers.

“Beyond that, we also connect them to local government agencies, such as Invest Johor, IRDA (Iskandar Regional Development Authority), and Mida (Malaysian Investment Development Authority), to facilitate them to identify suitable land and to source for local suppliers. These are all the value-adds that we will provide, and we are able to do this because we understand Singapore, we understand Johor,” Ng said.

Gold Peak Technology Group, a Hong Kong-listed battery technology and energy storage solutions company, was announced as UOB’s first client under the Green Lane initiative on Wednesday.

Gold Peak plans to invest about RM670 million in a manufacturing and research and development facility in the JS-SEZ, focusing on next-generation battery technologies for data centre energy storage solutions across Southeast Asia.

Growing investor interest

UOB is currently working with over 20 companies on potential JS-SEZ investments, totalling “billions of ringgit”, according to Ng, who noted “interests from global investors are ‘ramping up’.”

“The over 20 companies we are facilitating into JS-SEZ come from various sectors, including manufacturing, energy and chemicals, digital economy and green economy. Given our broad sector expertise, we are able to provide them with sector-specific solutions,” Ng said.  

“I think from our perspective, the JS-SEZ is panning out well. We can see it in the amount of interest coming in. Today, interest is coming not just from Singapore-based companies, but from China, North Asia, Japan, (South) Korea, Europe, and the US.”

UOB has been actively involved in promoting investment in the JS-SEZ since the economic zone’s inception, via collaborations with the Johor state government.

“When the JS-SEZ was announced last January, we connected with the Menteri Besar office. The first thing we did was we brought Menteri Besar and his team to Shenzhen for an event to introduce them to potential investors. Today, three of those companies from Shenzhen have committed an investment amount of S$550 million (about RM1.82 billion),” Ng shared.

Malaysia and Singapore formalised the JS-SEZ with an agreement signed on Jan 7, nearly a year after the initial MOU was inked.

The JS-SEZ, covering over 3,500 sq km across six local authorities in Iskandar Malaysia and Pengerang, offers investors incentives such as a special corporate tax rate of 5% for up to 15 years and a 15% tax rate for 10 years for eligible knowledge workers.

Key focus industries include logistics, financial and business services, tourism, food security, education, healthcare, the digital economy, energy, and manufacturing.

Source: The Edge Malaysia

UOB Malaysia, Invest Johor opens ‘Green Lane’ to fast-track JS-SEZ investments

Local micro, small and medium enterprises, exporters and companies involved in the supply chain are urged to be more proactive in incorporating environmental, social and governance (ESG) practices into their businesses.

Deputy Investment, Trade and Industry Minister Liew Chin Tong said this initiative would make it easier for their goods to penetrate international markets.

“They must act proactively so their products are not prevented from entering the international markets due to restrictions on ESG-related regulations,” he said during the special chamber session at the Dewan Rakyat today.

Liew was replying to Hassan Abdul Karim’s (PH-Pasir Gudang) question about local companies’ compliance with the ESG framework.

He said the government has taken proactive steps to help local companies prepare to meet foreign countries’ ESG compliance requirements and the national Industrial Environmental, Social, and Governance (i-ESG) framework introduced in 2023.

“However, I must stress that the implementation of i-ESG practices in Malaysia is voluntary and driven by the market and needs set by companies in the supply chain,” said Liew.

Source: Bernama

MITI tells local firms to proactively integrate ESG practices

The Investment Malaysia Facilitation Centre Johor (IMFC-J) is a game-changer in the investment landscape of the state, said Menteri Besar Datuk Onn Hafiz Ghazi.

He said that as a result, the project approval process can now be expedited in just 14 months, making it more efcient, faster, and effective compared to the previous duration of up to 24 months or more.

“I express my gratitude to His Royal Highness, the Regent of Johor, Tunku Mahkota Ismail, for his consent to attend the opening ceremony of the IMFC-J ofce in Forest City, Iskandar Puteri today.

“The inauguration of IMFC-J is an important step in achieving the Johor-Singapore Special Economic Zone (JS-SEZ) initiative. Johor is serious about positioning itself as a key player in the regional economy and aims to dominate global investment,” he said in a post on Facebook today.

Onn Hafiz said that in line with the establishment of JS-SEZ, IMFC-J will revolutionise the state’s investment landscape, reduce bureaucratic red tape, accelerate project approvals, and continue driving high-quality investment inflows, which will create high-income job opportunities in the state.

“Johor continues to progress in realising the JS-SEZ agenda since the agreement was signed on January 7. One strategic step after another has been implemented to strengthen the foundation toward the success of JS-SEZ.

“The state government, with the support of the federal government, will continue to drive Johor with determination, ensuring that the state remains a competitive main investment destination,” he said.

At the same time, Onn Haz hopes that progressive strategies and unwavering commitment will strengthen the economy, create more opportunities, and solidify Johor’s position as a regional economic
powerhouse

IMFC-J, A Game-changer In Johor’s Investment Landscape – Onn Hafiz

The Malaysia Investment Facilitation Centre-Johor (IMFC-J) in Forest City, was launched today to streamline investments in Johor and strengthen its position as a regional economic powerhouse.

Backed by the Iskandar Regional Development Authority (IRDA), Invest Johor and the Malaysian Investment Development Authority (MIDA), the centre aimed to accelerate approvals and attract high-value investors.

His Royal Highness Tunku Ismail, the regent of Johor, officially launched the centre today.

Present were Menteri Besar Datuk Onn Hafiz Ghazi; Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz; IRDA chief executive officer Datuk Noorazam Osman, and Invest Johor chief executive officer Natazha Hariss and State Secretary Tan Sri Azmi Rohani.

IMFC-J had received 88 inquiries, resulting in project expansions and new ventures that were expected to take off within a year.

Natazha described the centre as a key platform to tackle investment challenges and enhance investor confidence, besides supporting the Johor-Singapore Special Economic Zone (JS-SEZ) and Forest City’s Special Financial Zone.

He said the focus would be mainly on logistics, manufacturing, financial and business services, health, green economy, food security, tourism, renewable energy, digital economy and education.

The Johor government, through IMFC-J, had targeted to attract 50 companies to invest in the state in five years, and 100 within a decade.

“We hope to attract 50 projects in the first five years, with each company investing a minimum of RM200 million per project,” he said.

The centre is also projected to create 20,000 skilled job opportunities in Forest City, leading to a seven to eight per cent growth in its gross domestic product by 2030.

“IMFC-J aligns with the Johor Super Lane (JSL) framework, designed to further strengthen the state’s investment ecosystem and accelerate economic growth,” Natazha told the New Straits Times today.

“JSL is designed to streamline governance, fast-track business processes, and strengthen Johor’s status as a regional investment hub.

“The super lane will operate through IMFC-J, a one-stop centre for expediting investments and development,” Natazha said, adding that the JSL innovation would enhance the ease of doing business in Johor.

IMFC-J serves as a centralised facilitation hub, streamlining regulatory processes and offering direct investor support.

Located in Forest City, a key component of the Johor Special Financial Zone, the centre plays a critical role in leveraging cross-border economic activities, particularly under the JS-SEZ framework.

Meanwhile, Onn Hafiz said IMFC-J was revolutionising Johor’s investment landscape.

“Previously, project approvals took up to 24 months or more, but now, the process has been streamlined to just 14 months, making it faster, more efficient and highly effective.”

The launch of IMFC-J marked a milestone in reinforcing Johor’s commitment to becoming a key player in the regional economy and signalled the state’s ambition to dominate the global investment arena, he added.

Source: NST

Forest City centre eyes 100 firms, with RM200 million minimum investment per company