shahril, Author at MIDA | Malaysian Investment Development Authority
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shahril
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.
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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.
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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.
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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.
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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.
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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 agencies
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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List of Critical Production Sectors Allowed to Continue Operations Subject to Conditions by the Ministry of International Trade and Industry (MITI)
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Aemulus Corporation started operation in 2004, focusing on the tester equipment market for the semiconductor industry. By 2015, Aemulus testers footprint can be found in most of the countries in Southeast Asia, and China, Taiwan, South Korea, Germany, as well as the States. Aemulus was listed in Bursa Malaysia as a public company in the same year. Then in 2017, Aemulus embarked on artificial intelligence platform software development.
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Founded by Mr Steven Goh in 2002, DelstAsia Sdn. Bhd. (DelstAsia) began as a marketing company, acting as the sole-agent for Delst Inc, USA in distributing DMX-7, a food-grade grain and feed conditioner, for the Asian market. Being a new player then in the animal feed industry was a great challenge. DelstAsia had to compete against well-established international MNCs that had stronger brand names and more resources to hold firm to their market share. However, given the products’ outstanding field results and ability to solve industry-specific challenges of tropical climate grain storage and handling, it managed to sell itself.
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Our customers/end-users are national and international O&G companies including Petronas, Sapura, Shell, ExxonMobil, Chevron, ConocoPhilips, ADNOC Group, Qatar Petroleum, Kuwait Oil Company, Petroleum Development of Oman, Sonatrach, Sinopec, ENI, Samsung, Hyundai, Technip, Wood and many others.
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We are a global pharmaceutical company with 79 years of experience. We strive to improve lives through quality products with continuous innovation.
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Founded in 1847 in the Port of Rotterdam, C. Steinweg is one of the world's leading warehousing and logistics service providers, with a long heritage of expertise in the commodity trade. With a vast network of 110 offices on every major continent, the Group has grown into a truly multinational company with close to 7 Million m2 of space and 20 km length of quay, handling over 25 million metric tons of various commodities annually.
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