MIDA Insights - Industry


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September 2020 Issue

Herbal Industry: Nutraceutical, Health Supplements and Traditional Medicines in Malaysia

The term 'nutraceutical' has been defined in various ways across the world. Nutraceutical is also known as medical foods, designer foods, phytochemicals, functional foods, and nutritional supplements. However, its general definition was coined by Stephen De Felice, founder and chairman of the Foundation for Innovation in Medicine which describes nutraceutical as a “food, or parts of a food, that provide medical or health benefits, including the prevention and treatment of disease.”

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August 2020 Issue

Automating for the Future: HEXA’s Journey of Digitalising Their Food Manufacturing Process

New digital industrial technologies have been instrumental in transforming the way goods are produced, enabling processes to be faster, more efficient and costeffective. The Industry 4.0 Policy announced by the Malaysian Government in October 2018 was to encourage players in the manufacturing sector, particularly SMEs, to evolve and leverage new technology, digitalisation and e-commerce platforms to create high value in their businesses.

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July 2020 Issue

The Malaysian Aerospace Sector: Where do we go from here?

Aerospace has been identified as a strategic industry for Malaysia. The industry, energised by the implementation of the National Aerospace Industry Blueprint 2030, has generated high skilled jobs and developed an ecosystem of suppliers in the country. In 2019, revenue from manufacturing and maintenance, repair and overhaul (MRO) activities raked in an estimated RM18 billion and provided jobs for 26,000 skilled workers.

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June 2020 Issue

Opportunities in Speciality Chemicals

The market for speciality chemicals has emerged as among the top segments of the chemical industry globally. From 2019 to 2026, the global market of speciality chemicals is expected to grow at a compounded annual growth rate (CAGR) of 5.2%, reaching USD316.4 billion[1]. Asia Pacific is set to remain the largest market for speciality chemicals in terms of volume due to demands by established and rapidly industrialising nations like India, China, Japan, South Korea and Taiwan.

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May 2020 Issue

Adapting for the Future: The Electronic Manufacturing Services Industry

Shifting customer demands, changing global landscape and continuous technology enhancement are crucial elements that shape the role, processes and capabilities of the electronic manufacturing services (EMS) industry. Printed circuit board (PCB) assembly is the primary manufacturing activity of EMS companies, and this segment is continuously evolving as components are being consistently minusculed with the introduction of more compact new devices. This, in turn, requires changes to be made to the process of mounting electrical components to the PCB such as the Surface Mount Technologies (SMT) to ensure the final assembled PCB is equipped to be used in complex and high technology products.

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April 2020 Issue

The Wood-Based Industry in Malaysia: The Impact of COVID-19 and the Movement Control Order (MCO)

The world has been astounded by the spread of the COVID-19 virus at the start of the year 2020. The Malaysian economy was also affected, notably smaller businesses and vulnerable groups such as lowerincome individuals, daily wage earners and workers. Proactively,
Malaysia implemented the Movement Control Order (MCO) since 18 March 2020 to battle the pandemic. Selected economic sectors were, however allowed to operate subject to strict adherence to the standard operating procedures (SOPs) for the respective sector.

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March 2020 Issue

Innovation, Key to Profitablity

Qualities of innovative are essential for every country. This is important to maintain sustainability by making a continuous improvement that opens up to all kind of opportunitis for potential new market and product/activities. Based on the 2019 Global Innovation Index, released by The World Intellectual Proerty Organisation (WIPO), it is found that Asia's innovation index is increasing despite experiencing an economic slowdown.

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February 2020 Issue

National Automotive Policy 2020 : Gearing Towards Connected Mobility

Globally, the automotive industry is undergoing an immense transformation. It is widespread across the industry, and it is being driven by a pertinent element such as industry 4.0 and efforts towards digitalisation of the entire value chain.

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January 2020 Issue

Synthetic Sapphire Leading Technological Developments

The first successfully produced synthetic gemstone was a ruby made in 1902 by Auguste Victor Louis Verneuil. The Verneuil Technique enabled the production of gemstones of high quality to be used for making of jewellery. Since then, the method has been expanded to other gems, with manufacturers utilising laboratory-synthesised sapphires for a variety of industrial and decorative purposes. These synthetic sapphires are used in optical lenses, semiconductors, light-emitting diodes (LEDs), artificial sapphire glass (e.g. mobile phone and television screens), medical devices, aerospace, lithium batteries and power storage components.

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December 2019 Issue

2020 Tokyo Olympic Games: Halal Business Opportunities

Over the years, the Olympic Games have brought about economic and social benefits to the hosting nations. With the approaching 2020 Tokyo Summer Olympics and Paralympic Games, Japan is expected to receive up to 40 million visitors, and the Japanese Government has been steadily opening up their economic borders for new business opportunities. One promising area is the halal food and beverages (F&B) industry.

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November 2019 Issue

Our Way : Advanced Biofuel

Diesel is one of the most energy-dense fuel options that has been used for ages to power the heavy road vehicles, water transportations; ships, tanker and boats as well as a fuel for diesel engines. The gradual depletion of fossil resources has led to renewable energy development, to cater to the demands in the future.

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October 2019 Issue

Biotechnology Industry in Malaysia

"Science to Business" has been one of the essential criteria being focused by Malaysia in its National Biotechnology Policy. The Policy aims to transform the biotechnology industry into one of the vital economic contributors to the nation.

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September 2019 Issue

The Malaysian Aerospace Industry - Soaring to New Heights

Malaysia's aerospace industry is one of the rapidly growing industries in the country, energised by the implementation of the National Aerospace Industry Blueprint 2030. With over 230 companies involved in the maintenance, repair and overhaul (MRO), aero-manufacturing, education and training, systems integration, as well as engineering and design activities, the industry is growing at an average of 5% for the past ten years.

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August 2019 Issue

The Semiconductor Industry: Moving Up the Value Chain

The semiconductor industry is the primary enabling technology in every production line in the world. Semiconductor devices are essential components of electronic circuits and are made primarily from silicon. They can be found in almost every electrical device such as smartphones, computers and even coffee machines. Companies that operate in the semiconductor industry generally belong to one of these groups.

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July 2019 Issue

Plastic Recycling : Malaysia's Perspective

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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June 2019 Issue

Circular Economy: The Way Forward for Palm-Based Industries

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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May 2019 Issue

Metal Additive Manufacturing

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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April 2019 Issue

Smart Homes for Smart Living

According to A.T. Kearney, the global smart home market is expected to grow to more than USD50 billion in 2020 and approximately USD400 billion in 2030, representing more than 40 per cent of the total home appliance market. A January 2019 report by ResearchAndMarkets.com also predicts significant growth in the overall smart home market, expecting a compound annual growth rate (CAGR) of 12.02% from USD76.6 billion in 2018 to USD151.4 billion by 2024.

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Last Updated : Thursday 22nd October 2020