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Amirul
The Government has announced various assistance packages and economic stimulus amounting to RM340 billion that have benefitted more than 20 million households and over 2 million businesses.
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The Pagoh Special Economic Zone (“PSEZ”) Phase 1, a joint initiative by the Federal Government, Johor State Government and master developer, Sime Darby Property Berhad (Sime Darby Property), was launched by the Prime Minister, YAB Tan Sri Muhyiddin Yassin, on 27 March 2021 in Johor.
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Genetec is a well-known Malaysian homegrown Automation Solution Provider and machinery manufacturer with a presence in Asia, Europe and the United States, with more than 500 highly effective employees worldwide.
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While much of the talk on Circular Economy in Malaysia is surrounded by the country’s target for Single-Use Plastics by 2030, in actuality, it extends well beyond that. It covers topics of increasing material efficiency, the utilisation of biomass and all byproducts, broader industry resource efficiency and industrial ecology approaches.
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YB Dato’ Seri Mohamed Azmin Ali, Senior Minister, Minister of International Trade and Industry (MITI) led the Trade and Investment Mission (TIM) to the Republic of Korea (ROK) and Japan from 31 March - 6 April 2021. The TIM involved bilateral meetings with YBMK’s counterparts and one-on-one meetings with potential investors. MIDA’s participation in the TIM was led by Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA.
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The Malaysian logistics sector contributed 3.8% to the country’s GDP in 2019. Over the years, trade activities in Malaysia have increased significantly, with a CAGR of 6.5% from 2013 – 2018. Transportation activities have also increased over the years at a 3% CAGR from 2013 – 2018. The Government’s initiatives under the National Logistics Trade Facilitation (NLTF) 2015 – 2020 and National Transport Policy (NTP) 2019 - 2030 aspires to increase GDP contribution for logistics services to 8.9% for 2020 and beyond as well as to internationalise the logistics industry in Malaysia in the context of regional trade integration. The National e-Commerce Strategic Roadmap (NESR), established in 2016, also intends to accelerate the development of e-commerce activities and position Malaysia as a regional e-fulfilment hub in the near future.
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DSR Daily Fresh is Malaysia’s first integrated durian partnership, leveraging on the core expertise of DSR and Daily Fresh to provide the full suite of services from upstream durian orchard management to midstream sale of durian paste, as well as downstream manufacturing and distribution of durian products. True to the company’s ‘orchard-tomarket’ philosophy, its downstream durian products are distributed through its D’MasKing stores and all 1,600 Daily Fresh kiosks worldwide.
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Megasonic Sweeping is one of the many companies under the umbrella of the Ultrasonic Group incorporated in the US. The strength of the group is all things related to ultrasonic technology such as ultrasonic cleaning, ultrasonic plastic welding, ultrasonic sieving and ultrasonic cutting.
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Malaysia is one of the top producers of fossil-based plastic products with a reported total export value of RM14.58 billion in 2017, contributing 4.7% to the GDP. Malaysia also imported RM11.3 billion plastic products in the same year according to the Plastics Manufacturers Association (MPMA).
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The slithering surge of COVID-19 and uncertainties arising from the commodity shocks have certainly impacted Malaysia’s inching growth towards a projected GDP of 6 to 7.5 per cent in 2021. The World Bank is confident that Malaysia will be able to achieve high-income economic status provided it shifts gear; addressing economic issues which includes investment and trade policies. The geopolitical shifts and the emergence of disruptive technologies require a foundation for policy coherence now more than ever to ensure institutional synergies.
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