The Malaysia France Chamber of Commerce (MFCCI), organised a business luncheon with the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) on 10 February 2020 at Cyberview Lodge, Cyberjaya. The business luncheon was attended by H.E. Frédéric Laplanche, French Ambassador to Malaysia and around 100 existing French companies in Malaysia and Singapore.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

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

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

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

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

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

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

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

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

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

Numerous industries are experiencing disruptions in business operations due to the outbreak of the COVID-19 pandemic. According to the United Nations, the pandemic has wiped US$50 billion off global exports in February 2020. The global industry now faces an increasingly unpredictable global economic landscape due to supply chain disruptions as countries heightened its health and safety measures by suspending in-country deliveries.Read More

Numerous industries are experiencing disruptions in business operations due to the outbreak of the COVID-19 pandemic. According to the United Nations, the pandemic has wiped US$50 billion off global exports in February 2020. The global industry now faces an increasingly unpredictable global economic landscape due to supply chain disruptions as countries heightened its health and safety measures by suspending in-country deliveries.Read More

Malaysia's higher education system is undergoing a comprehensive transformation and has matured significantly. The curriculum and teaching methods are being revamped with new critical elements such as experiential learning, future-ready curriculum, and lifelong learning mind-set to develop future-ready graduates. Graduates’ skillsets are also further enriched to embrace opportunities within the gig economy.Read More

The escalating growth of the human population and the rapid evolution of heavy industrial sectors are significant contributors to energy demands. To fulfil this ever-increasing demand, current and future energy systems need to be costeffective, practical, reliable and sustainable, with low impact on the environment. For these reasons, there is a growing interest in hydrogen-based fuel technologies in recent years. Read More

With the rising trend of establishments of Centres of Excellence (COE) in Asia among multinational corporations (MNCs), Malaysia increasingly emerges as a popular choice of location for these operations. For many years, Malaysia has played an important role as a Regional Hub, offering strategic operations location within South East Asia, robust industrial ecosystem and a talented and multilingual workforce.Read More

As more trade deals are shifting towards the ASEAN region, Malaysia is gearing up to be the go-to place for trade. Malaysia’s trade value is steadily increasing amidst economic challenges and on-going trade tensions globally. According to MATRADE, in 2019, Malaysia recorded its largest trade surplus since 2009 valued at RM137.39 billion, an increase of 11 per cent compared to the previous period. Malaysia aims to continue this favourable trend, making it a preferred destination for investors and businesses.Read More

The two billion millennials, representing 25 per cent of the world’s population, are re-defining consumerisation. Based on a market research company, Growth from Knowledge (GfK) study found that 59 per cent of 20 to 29 years old and 57 per cent of 30 to 39 years olds agreed with the statement that “experiences are more important than possessions”. Millennials prefer to socialise in group engagement at a fraction of the cost instead of investing in personal highly expensive virtual reality applications such as Virtual Reality (VR) headsets and play stations. They are favourable to ‘immersion rooms’ that provide space and technology for a hyper-real, smooth journey into VR which cannot be achieved at home.Read More

The trend of supply chain convergence has strengthened Malaysia’s role as a Global Hub. Many MNCs such as Volkswagen, Nestle, IDT and IKEA have leveraged on Malaysia’s strategic location and efficient trade infrastructure to serve their growing business in the Asian market.Read More

Demographic shifts and urban lifestyle changes demand innovative responses for new directions in the delivery of healthcare from the Government and healthcare providers. In supporting the growth of healthcare services, MIDA continues to position Malaysia as the healthcare hub in the region. Thus far, MIDA has facilitated a total of 77 private healthcare facilities since 2012. This amounted to investments of more than RM10 billion and have created over 15,000 job opportunities in the healthcare industry.Read More

The Palm Oil Industrial Cluster (POIC) Lahad Datu was established by the Sabah State Government in 2005 to spearhead the development of palm oilbased downstream activities. Through the provision of adequate physical infrastructure and policies, POIC serves as a catalyst to accelerate the growth of the palm oil industry in the region. Presently, Sabah is the largest oil palm T producing state in Malaysia, tapping on 1.55 million hectares of its plantation to supply oil palm raw materials for valueadding manufacturing. Apart from palm oil, the Lahad Datu POIC comprises other industrial clusters such as port and logistics, oil and gas, biorefineries and small and medium enterprises. Strategically located along the Lombok-Makassar Straits, POIC is well known for its deep seaport with 20-meter depth.Read More

The International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2019 marks its 10th anniversary as the largest trade event for green technologies and eco-solutions in South East Asia. IGEM is an excellent platform for solution providers and green energy businesses to tap into the fast-expanding ASEAN market by showcasing the latest innovations within the industry. Organised annually by the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) in collaboration with Malaysia Green Technology Corporation (MGTC), IGEM 2019 is scheduled to be held from 9 to 11 October 2019 at the Kuala Lumpur Convention Centre (KLCC). It is expected to generate RM2.8 billion in business leads.Read More

Active use of technology to capture new frontiers and drive productivity is not new to the oil and gas industry. The upstream sub-sector for example, has been at the forefront of several significant technological advances in the past, from supercomputing techniques for reservoir modeling to seismic and 3D imaging for drilling and project developments; while refineries have been pursuing digitalisation for more than 30 years, with technologies like advanced process control (APC) being part of the operational mix of many operators.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

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