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MIDA upbeat on Swedish investments

Source: NST

Posted on: 31 January 2018

MIDA upbeat on Swedish investments


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The Malaysian Investment Development Authority (MIDA) will hold briefing sessions in Kota Bharu and Kuala Terengganu on July 9 and 10 respectively, on investment opportunities and incentives in the green technology industry.

In a statement today, MIDA said the programme, organised in collaboration with various parties, would be a follow-up to the briefings conducted by the agency in May last year.

“MIDA hopes the programme this time can attract more entrepreneurs in the East Coast states to enable them to understand what green technology is all about and the opportunities available for them in this industry.

“These include the installation of energy-efficient devices and reducing waste through recycling initiatives. Such approaches are sustainable efforts towards energy conservation which will help reduce environmental degradation and greenhouse gas emissions, hence improving health levels and the environment.”

MIDA said these matters would be discussed at the two briefing sessions, including issues and challenges in the green technology industry and the incentives provided by the government, such as investment tax allowance and income tax exemption, to boost the industry.

In 2017, MIDA approved 52 green technology-related projects amounting to RM1.13 bilion and 19 green technology services worth RM80.6 million. To date, 12 projects related to green technology with income tax allowance provided, have been approved for the peninsula’s East Coast region.

Source: Bernama

MIDA to Hold Briefings On Green Technology Industry


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Source: NST

MIDA: RM200b target on track


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Source: NST

MIDA awaits review


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Source: NST

Register now at MIDA i-Services Portal


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Malaysia moved up two notches to 22nd place in the latest IMD World Competitiveness Rankings published by the Institute for Management Development (IMD) World Competitiveness Centre.

“Malaysia is the only economy (in South-east Asia) to register an improvement of two positions, driven by a strong rebound in economic performance, especially in international trade,” the Switzerland-based research group said in a statement today.

The top five most competitive economies in the world remain the same as in 2017, but their order changed.

The United States returned to the number one spot from fourth place in the preceding year, driven mainly by its strength in economic performance and infrastructure. It was followed by Hong Kong, Singapore, the Netherlands and Switzerland.

Singapore – which was unchanged at third place, globally, retained its lead among economies in South-east Asia, aided by its strong government efficiency.

However, the country “continues to be weakened by the high levels of private debt in the economy and the high price level, especially in real estate, which reduces quality of life and talent attraction,” IMD said.

Besides Malaysia, Japan (ranked 25th), South Korea (27th), and India (44th) saw slight improvements.

Asian countries that dropped a few rungs are Taiwan (17th), Thailand (30th) and Indonesia (43rd).

The Philippines experienced the most significant decline in the region, shifting nine places to 50th due to a decline in tourism and employment, the worsening of public finances and a surge in concerns over the education system, among others.

“Countries from the region that experience declines this year, with the exception of Taiwan, all show signs of a need to improve their tangible and scientific infrastructure,” said IMD.

The IMD World Competitiveness Center has been publishing the annual rankings since 1989.

This year, it benchmarked the performance of 63 economies based on more than 340 criteria measuring different facets of competitiveness.

Source: Bernama

Posted on : 24 May 2018

Malaysia Up Two Spots On Competitiveness Rankings


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US News ranks country ahead of Singapore and Thailand

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Source: NST

Posted on : 07 March 2018

Malaysia 4th best country to invest in


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Thirteen Malaysian companies, led by Malayan Banking Bhd (Maybank), have made it into the Forbes 2018 Global 2000 list, which ranks the biggest, most powerful and most valuable companies in the world.

Criteria for the ranking include sales, profits, assets and market value.

The list of 2,000 companies, which was released today, include Maybank (394), Tenaga Nasional Bhd (503), CIMB Group Holdings Bhd (620), Public Bank Bhd (646), Petronas Chemicals Group Bhd (1,268), RHB Bank Bhd (1,448), Axiata Group Bhd (1,508), Sime Darby Bhd (1,535), Hong Leong Financial Group Bhd (1,568), Sime Darby Plantation Bhd (1,624), Maxis Bhd (1,779), Genting Bhd (1,811) and AMMB Holdings Bhd (1,911).

Forbes said Chinese companies extended their streak at the top of the Global 2000 list.

Industrial & Commercial Bank of China is ranked No. 1 for the sixth consecutive year. China Construction Bank remains in the No. 2 spot.

Source: The Edge Markets

Posted on : 07 June 2018

13 Malaysian companies on Forbes 2018 Global 2000 list


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Huge improvements seen in recessionary sentiment, economic outlook, job prospects

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Source: NST

Posted on : 06 September 2018

Malaysians ranked 7th in the world


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Press Metal and Batu Kawan selected from a pool of 1,744 companies in region with at least US$2b annual revenue

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Source: NST

Posted on : 07 September 2018

2 firms make it into Fab 50 list


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