There is no single path for manufacturers to adopt Industry 4.0. Still there is a simple blueprint for the key requirements of an Industry 4.0 system that can guide leaders in the manufacturing space to embrace Industry 4.0. Four main elements for leaders to focus are Inter-operability, Digital Twin, Modularity, and Flexibility.Read More

The new era of trade is being accelerated by the progress of globalisation, economic liberalisation, and the rapid advancement of information and communication technology (ICT). Services, in particular, have emerged as a dominating force in today’s trade, becoming an important engine for economic development.Read More

Manufacturing, Services and Primary Sectors Read More

Tourism has evolved beyond the common understanding of being limited to vacation activities only. Niche tourism areas such as property tourism, sports tourism, business tourism and voluntourism are among the segments that have been growing in popularity and traction. Malaysia, in particular, is fast becoming a notable country in the global health and medical tourism sector. Read More

Dato’ Azman Mahmud, CEO of MIDA attended the Chairman’s VIP dinner organised by British Malaysian Chamber of Commerce (BMCC) on 18 August 2020 in Four Season Hotel. The event was organised as a networking session with BMCC Sterling members who are mainly existing investors from the UK in Malaysia.Read More

Malaysia recorded a total of RM37.4 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter (1Q) of this year.Read More

In efforts to address setbacks amid the current external challenges, PENJANA initiatives seek to lay the foundation for financial support and initiatives for the business community, and help improve business sentiments.Read More

Malaysia is a progressive nation with a robust economy. Located in one of the fastest-growing economic regions in the world, the International Monetary Fund (IMF) projected our country to grow at a rate of 6.3 per cent in 2021 despite global economic uncertainties. This positions Malaysia as the fastest growing economy among our neighbours such as Indonesia, Thailand, the Philippines and Singapore.Read More

Many countries worldwide have started easing their strict movement control orders (MCO) due to the COVID-19 pandemic but various features of the pandemic life will continue to stay and unlikely to disappear anytime soon. Wearing a face mask and practising social distancing will be part of the world’s new normal measures, at least until a vaccine against COVID-19 is developed.Read More

he Malaysian Investment Development Authority (MIDA) inked a Memorandum of Understanding (MOU) with Standard Chartered Malaysia on 11 June 2020. Both parties will further collaborate to attract targeted global investments within a higher value, impactful and technology-intensive investments, in the key priority sectors such as electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology. These sectors' ability in attracting quality investment augurs well for the country's economy as the market looks to get back in shape post the COVID-19 pandemic.Read More

Malaysia's move to break the chain of infections through the implementation of the Movement Control Order (MCO) beginning 18 March 2020 is proving to be effective with Malaysia handling the situation relatively well. In tandem, to ensure the resilience of the country's economy, most of the economic sectors have been allowed to operate subject to strict adherence to health and safety guidelines.Read More

The Malaysian Investment Development Authority (MIDA) organised a live webinar session with the National Chamber of Commerce and Industry of Malaysia (NCCIM) on 21 May 2020. The session, which featured a keynote address by Dato' Azman Mahmud, CEO of MIDA was joined by Tan Sri Datuk Ter Leong Yap, President, NCCIM; Dato’ Low Kian Chuan, Secretary General NCCIM; Mr Tan Weng Hock, Managing DirectorMalaysia, United BC Team Sdn. Bhd. (UBCT); Mr. Mohd Shazlan Bin Mohd Anwar, Group Managing Director, Virtual Instrument and System Innovation Sdn. Bhd. (VISI).Read More

The Malaysian Investment Development Authority (MIDA) participated as one of the panellists in the webinar entitled ‘Post Covid-19 Economic Situation Prediction in Malaysia’, organised by the Chinese Enterprises Chambers of Commerce in Malaysia (CECCM) on 15 May 2020. The session attracted a total of 14,200 views on CECCM, and the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM)’s Facebook pages.Read More

The COVID-19 pandemic has proven that digitalisation and automation is a necessity to ensure business sustainability. At the webinar session entitled “COVID-19: A Catalyst for Malaysia’s Industrial Revolution (IR) 4.0”, organised by the British Malaysia Chamber of Commerce’s (BMCC) webinar on 22 May 2020, Mr. Sivasuriyamoorthy Sundara Raja, Executive Director of Investment Promotion, MIDA updated the participants on investment opportunities in the country and Malaysia’s journey towards embracing the new normal with IR4.0.Read More

Russia is blessed with vast natural resources such as oil and gas, iron and steel as well as wood and forestry. Today, Russia is among the world's leading producers of oil and natural gas and a top exporter of metals such as steel and primary aluminium. Russian companies are also trendsetters of technology in niche industry segments such as aerospace, energy generation, machinery and equipment, weapon and military, given their intense focus on research and development activities.Read More

Globally, SMEs play a significant role in contributing to national GDP growth, employment and innovation. In Malaysia’s context, SMEs represent 90 per cent of business establishments. They also account for 65 per cent of the country’s employment and contribute approximately 40 per cent to the country’s GDP.Read More

Numerous countries around the world are implementing measures to manage COVID-19 to keep their population safe. In Malaysia, the first COVID-19 case was reported on 25 January 2020. The Government took proactive actions to curb the diseases and announced the Movement Control Order (MCO) beginning 18 March 2020. The MCO, initially scheduled for two weeks, is currently in its 4th phase until 12 May 2020.Read More

According to the United Nations Conference on Trade and Development (UNCTAD), there will be a possible significant downward pressure on global FDI flows by -30 per cent to -40 per cent due to COVID-19. This is a potential outcome given the close, intricate inter-dependence of global value chains, directly affecting earnings of large multinational corporations (MNCs).Read More

List of Critical Production Sectors Allowed to Continue Operations Subject to Conditions by the Ministry of International Trade and Industry (MITI)Read More

The WBAF 2020 event was held in Istanbul from 17-18 February 2020. This annual event represents the largest gathering of representatives from early-stage equity and…Read More

The outbreak of the coronavirus (COVID-19) has been declared a global health emergency, causing major disruptions across industries: travel, retail, manufacturing and technology for businesses. In light of this, pre-agreed contracts may become "commercially impossible" to perform.Read More