Being an organisation half a century old, MIDA’s priority remains the same. We are here to ensure that Malaysia achieves its goals and aspirations, creating wealth that translates to tangible benefits felt by all across Malaysia. In achieving these goals, based on the Eleventh Malaysia Plan, Chapter 8: Re-engineering economic growth for greater prosperity, the Government will precede the continuous effort to strengthen and enhance the country’s domestic investment through MIDA, which also gives importance to domestic investment by engaging and facilitating with more domestic companies.
Strategically, MIDA aims to pave the way for enhanced productivity, job creation and high-skilled talent pool in the manufacturing sector, and ultimately contribute to the economic prosperity and societal well-being. Further, it would encourage the development of innovative capacity and capability of the manufacturing sector and related services to create Malaysia’s own technologies, products and services.
As an effort to encourage domestic investment, MIDA continues to undertake the following strategies and initiatives:
1)Showcasing the Domestic Investment Landscape
i. MIDA Invest Series: Unfolding States’ Business Potential
The objective of this programme is to inform the business communities on the latest development and investment opportunities in the respective states. To date, seven states have given the presentation, i.e. Perlis, Kedah, Kelantan, Pahang, Terengganu, Sabah and Sarawak. The series will continue until all the states have made their presentation.
ii. Industrial Park Forum – Strengthening the Manufacturing Ecosystem
This Forum is a collaborative effort between MIDA and the Federation of Malaysian Manufacturers (FMM) in strengthening the manufacturing ecosystem through industrial park development and management. The presence of well-developed industrial parks can be a magnet to attract high value-added investments, thereby creating high income jobs for the people. To date, MIDA has organised 4 forums which cover the central region, southern region and the northern region and Borneo (Sabah). The next forum will be held in Kuala Lumpur together with the launching of the first Malaysia Industrial Park Directory.
2)Complementing the Growth of Domestic Companies
i. Investment Coordination Platform Initiative
This platform will act as one of the enablers in supporting MIDA’s role in promoting investment and as a new strategy, moving forward. This platform will serve to facilitate corporate exercises, such as Initial Public Offering (IPO), Mergers & Acquisitions (M&A), Joint Ventures (JV), Partnership, Private Equity (PE)/Venture Capital (VC), Real Estate Investment Trusts (REITs) and Divestments.
Currently, MIDA is working closely with 23 partners, which include private equity, venture capital, M&A advisory, REIT and funding advisory to assist Malaysian companies to offer any facilitations required by the companies. Going forward, MIDA will continue to work closely with all State Governments, associations and other Federal Government agencies towards creating a business landscape that able to attract and retain investment, and maintain Malaysia’s competitiveness on the world stage.
3)Grooming Potential Local Companies
i. SME Investment Desk
The initiative act as a ‘One Stop Centre’ to assist and advise SMEs on the Government’s initiatives and facilitation in transforming SMEs capability and productivity. Malaysia’s businesses and SMEs will have a single contact point at MIDA HQ and all its state offices to obtain guidance and advice on the Government’s initiatives and facilities in building sustainable business collaboration through supply chain development at the local, regional and global levels. In 2018, MIDA has organised more than 60 programmes including Roundtable Meetings, Networking Sessions and Outreach Programmes.
ii. Engagement with National Associations and Chambers of Commerce
This initiative is one of our platforms to update local companies and SMEs on MIDA’s roles and investment facilities. In 2018, 11 outreach programmes have been organised with National Associations and Chambers of Commerce in the country.
iii. Domestic Investment Seminar
This seminar is part of MIDA’s continuous effort to update the industry players on the latest policies and facilities that are available. The seminar provides an opportunity for the business community to network with the government agencies and to discuss on any potential business collaboration. As for 2018, MIDA has organised two Domestic Investment Seminar on 30 October 2018 at InterContinental Hotel, Kuala Lumpur and on 17 December the same year in Kota Kinabalu, Sabah. As for this year, the programme is planning to be organised at every region in the country.
4)Globalising Local Players
i. Industry Linkages Programme
The programme will involve integrating the Domestic Companies with the MNCs/selected Local Companies through the assistance from the government facilitation. The objectives of the programme is to support MNC/selected Local Companies to outsource their manufacturing activities to Domestic Companies; create opportunities for Domestic Companies and to mitigate the gaps in the supply chain; To provide assistance for the growth of the supporting industries for specific industries; and create opportunities for local companies/SMEs to have greater market access locally and globally.
Source: MIDA e-Newsletter April 2019