As Malaysia strengthens its position as a preferred investment destination, the New Incentive Framework (NIF) marks a significant shift towards attracting quality investments that generate long-term economic value, stronger industrial capabilities and better jobs.

As Malaysia strengthens its position as a preferred investment destination, the New Incentive Framework (NIF) marks a significant shift towards attracting quality investments that generate long-term economic value, stronger industrial capabilities and better jobs.

Malaysia started 2026 on a strong note, recording RM92.8 billion in approved investments across 1,249 projects during the first quarter, reflecting continued investor confidence in the country’s long-term growth prospects.

Artificial intelligence (AI), advanced computing and next-generation mobility technologies are rapidly reshaping the global semiconductor industry. As technology becomes more complex, competitive advantage is increasingly determined not by individual companies, but by the strengths of entire ecosystems.

As Malaysian companies increasingly look beyond domestic borders for new avenues of growth, strategic partnerships and market intelligence are becoming critical to successful international expansion. In supporting this journey, MIDA, through its Cross-Border Investment (CBI) Division, continues to facilitate initiatives that help local companies venture confidently into regional and global...

Malaysia’s investment performance reached a new milestone in 2025, with RM426.7 billion in approved investments, marking an 11.0% year-on-year increase and the highest level ever recorded.

Malaysia is undertaking a significant transformation in its investment landscape through the Government’s introduction of the New Incentive Framework (NIF). This initiative marks a major policy reform shift, transitioning from a traditional product/activity-based tax incentives structure to a tiered and outcome-based incentive model that rewards investors based on measurable contributions...

MIDA is honoured to welcome YM Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz as the new Chairman of MIDA, effective 3 December 2025, following the announcement by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim.

Malaysia's investment performance has proved strongly resilient in a turbulent global environment. The country attracted RM285.2 billion in approved investments during the first nine months of 2025 (9M 2025), a 13.2% increase year-on-year from the previous year. The 4,874 approved projects span manufacturing, services, and primary sectors. The approvals cover...

Malaysia continued to chart a resilient course in the first half of 2025 (1H 2025), recording RM190.3 billion in approved investments across the services, manufacturing, and primary sectors—an 18.7% increase compared to the same period last year. These 3,011 approved projects are expected to generate over 89,000 new jobs, further...

In a bold move to enhance Malaysia’s position as an attractive investment destination, the Malaysian Investment Development Authority (MIDA) has launched a new initiative known as the Investor Pass, effective 1 April 2025. This initiative aims to strengthen the country’s business and investment environment by streamlining entry for foreign investors.

As Malaysia accelerates its transformation into a regional hub for high-value industries, the country’s talent pipeline remains a key driver of competitiveness. Recognising that skilled talent is at the heart of sustainable growth, MIDA continues to take proactive steps to align education and employment pathways, ensuring Malaysia remains attractive to...

The Ministry of Investment, Trade and Industry (MITI) successfully concluded its Trade and Investment Mission to the United States, which took place from 16 to 21 June 2025 in San Francisco and Washington, D.C. Led by the MITI Minister, the mission aimed to strengthen bilateral economic ties through strategic engagements...

The Ministry of Investment, Trade and Industry (MITI) successfully concluded its Trade and Investment Mission to the United States, which took place from 16 to 21 June 2025 in San Francisco and Washington, D.C. Led by the MITI Minister, the mission aimed to strengthen bilateral economic ties through strategic engagements...

MIDA has attracted RM4.68 billion in potential investments through strategic one-on-one engagements with Japanese companies in Kyoto, Kobe, Osaka, and Tokyo. These engagements took place from 12-19 April 2025, were part of MIDA’s participation during MITI Week at the Malaysia Pavilion, Expo 2025 Osaka.

Malaysia has established itself as a leading digital hub in Southeast Asia, outperforming its regional peers, according to real estate consultancy firm Knight Frank’s Data Centre Research Report 2024. To strengthen its position, the Malaysian Government introduced the Digital Ecosystem Acceleration (DESAC) Scheme under Budget 2022, aiming to attract strategic...

As Malaysia continues to strengthen its position as a preferred investment destination, the development of future-ready talent continues to play a vital role in sustaining our country’s economic competitiveness. Recognising that investors today are increasingly seeking locations with a strong talent pipeline, MIDA is committed to bridging the gap between...

Malaysia recorded a commendable milestone with RM378.5 billion in approved investments in 2024, the highest in the nation's history, marking a 14.9% year-on-year growth. Spanning 6,700 projects across key sectors, these investments will generate over 207,000 new jobs, reinforcing Malaysia’s position as a premier investment destination.

The global logistics sector is the backbone of trade and commerce, ensuring the seamless movement of goods across borders. As demand for rapid and efficient delivery surges – driven by the expansion of e-commerce, customer expectations, and environmental concerns, the industry is undergoing a profound transformation.

Malaysia approved RM254.7 billion of investments for the first nine months of 2024 (9M2024), marking a steady 10.7% increase from the previous year. The strong performance reflects Malaysia’s sustained economic momentum, propelled by the services, manufacturing, and primary sectors. A total of 4,753 new projects have been approved during this...

In November 2024, the Prime Minister, YAB Dato’ Seri Anwar Ibrahim, led a high-profile working visit to Egypt, Peru and Brazil, accompanied by senior ministers, government officials and a delegation of business leaders. The mission also saw the participation of key representatives from MIDA, including Mr. Sivasuriyamoorthy Sundara Raja, Deputy...

Malaysia continues to solidify its reputation as a strategic investment destination in ASEAN, leveraging strong bilateral ties with its largest trading partner, The People’s Republic of China. The recent working visit of the Prime Minister, YAB Dato’ Seri Anwar Ibrahim to Shanghai and Beijing from 4 to 7 November 2024...

Prime Minister YAB Dato’ Seri Anwar Ibrahim has undertaken an Official Visit to the Republic of Korea (ROK) from 24 to 26 November 2024. This visit, his first to South Korea since assuming office in November 2022, was accompanied by key ministers including the Minister of Foreign Affairs Dato’ Seri...

Malaysia has introduced attractive tax incentives to position Forest City in Johor as a premier investment destination for international companies, including family offices. The Forest City Special Financial Zone (FC-SFZ) offers a competitive advantage over other countries in the region.

Malaysia has taken a bold step towards a more sustainable future by introducing the Circular Economy Policy Framework for the manufacturing sector. This forward-thinking framework redefines fossil-fuel-based industrial models and ignites a transition towards green growth across the entire manufacturing value chain.

Malaysia participated in the 21st China-ASEAN Expo (CAEXPO) and China-ASEAN Business & Investment Summit (CABIS) from 22 to 25 September 2024 in Nanning, Guangxi Province, China. The Malaysian delegation, headed by YB Anthony Loke Siew Fook, Minister of Transport (MOT), included representatives from several key agencies, underscoring Malaysia’s commitment to...

Malaysia has demonstrated its continued appeal to investors and resilience in the face of global economic uncertainty by attracting a substantial 18-per cent year-on-year increase in approved investments to RM160.0 billion across the services, manufacturing, and primary sectors from January to June 2024 (1H 2024). This surge in investment is...

Malaysia’s economic presence in India took a significant leap forward as the Ministry of Investment, Trade and Industry (MITI) secured RM8 billion in potential exports and RM4.5 billion in potential investments during Prime Minister YAB Dato’ Seri Anwar Ibrahim’s inaugural visit to India. This landmark visit, held from 19 to...

Malaysia continues to attract strong investment flows, with RM329.5 billion approved in 2023 across the manufacturing, services, and primary sectors. Building on this momentum, the first quarter of 2024 saw RM83.7 billion in approved investments—a remarkable 13% increase compared to the same period last year, further underscoring the country’s standing...

The Malaysian government is steadfast in its commitment to transforming the nation into a leading green investment hub in the region through a robust policy framework and strategic plan.

In a testament to Malaysia’s expanding economic engagements within Southeast Asia, the Ministry of Investment, Trade and Industry (MITI) successfully secured RM3.3 billion in potential exports during a recent Trade and Investment Mission (TIM) to Vietnam.

As the global economy grapples with a sharp slowdown, Malaysia emerges as a beacon of growth and investment. The country has approved RM83.7 billion in investments for the first quarter of 2024 (Q12024), marking a remarkable 13% increase from RM74.1 billion in the same period last year. These investments span...

The semiconductor industry has emerged as one of the most important sectors powering today's digital world. It underpins innovations across various fields from automotive and healthcare to artificial intelligence and 5G connectivity. Recognising chip manufacturing's vital role, Malaysia has unveiled a bold National Semiconductor Strategy (NSS) to strengthen its position...

Malaysia's emergence as the next Artificial Intelligence (AI) hub in the region is gaining significant momentum, driven by increasing interest from major global tech players. Microsoft's recent pledge to invest USD2.2 billion over the next four years to support Malaysia's digital transformation marks the single largest investment in the country’s...

During a high-stake visit to Japan from 22 to 24 May 2024, led by the Prime Minister YAB Dato’ Seri Anwar Ibrahim, for the Nikkei Forum 2024, the Ministry of Investment, Trade, and Industry (MITI) and agencies, namely MIDA and MATRADE, secured a significant RM1.45 billion in potential investments and...

The bilateral economic relationship between Malaysia and the State of Qatar has witnessed significant progress, highlighted by the recent visit of the Prime Minister, YAB Dato’ Seri Anwar Ibrahim to Qatar from 12th to 14th May 2024.

The National Investment Council, chaired by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim, has entrusted MIDA with a crucial role of being the main driver for investment promotion for our country. With this responsibility, MIDA is mandated to spearhead efforts to market Malaysia as the top choice for global...

The Malaysian Investment Development Authority (MIDA), recognised as the nation's principal investment promotion agency, recently welcomed the appointment of Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid as its new Chief Executive Officer. This leadership change heralds a notable epoch in the history of MIDA, with Mr. Sikh Shamsul taking over...

Datuk Wira Arham Abdul Rahman, a seasoned leader with an illustrious 34-year career at MIDA, recently concluded his tenure as the Chief Executive Officer on 17th April 2024. His tenure as the Chief Executive Officer, which began on 1 April 2021, is marked by a legacy of dedication, innovation, and...

Malaysia is committed to investing in continuous training for our workforce to ensure they remain responsive to evolving business needs and rapid technological advancements. The Malaysian Investment Development Authority (MIDA) recognises the crucial role of cultivating a future-ready talent pool to meet the evolving demands of industries.

The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim, embarked on a three-day official visit to the Kingdom of Saudi Arabia from 27th to 29th April 2024. The visit aimed to attend the World Economic Forum (WEF) Special Meeting on Global Cooperation, Growth and Energy Development.

The official visit of YAB Dato’ Seri Anwar bin Ibrahim, the Malaysian Prime Minister (PM), to Melbourne from 3 to 7 March 2024, marked a historic milestone in the economic relations between Malaysia and Australia. The visit has seen a series of high-level engagements, including a notable Round Table Meeting...

The Ministry of Investment, Trade and Industry (MITI) concluded a fruitful Trade and Investment Mission to Germany and France in a strategic move to further fortify Malaysia's position as the preferred investment destination. Led by Minister of Investment, Trade, and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz,...

In a significant move to reform the international tax landscape, Malaysia joined the OECD Inclusive Framework (IF) as an associate member of Base Erosion and Profit Shifting (BEPS) in 2017. As part of this endeavour, about 140 jurisdictions have come together to introduce a two-pillar solution to ensure that multinational...

Amidst the challenges of a tumultuous global economy, Malaysia stands tall, showcasing unprecedented growth and resilience. On 29 February 2024, Malaysia’s Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, announced the country's historic investment performance for 2023 during the MIDA Annual Media...

Starting from 1 January 2024, prior submitting applications for Import Duty and/or Sales Tax Exemption on raw materials and components (Iron and Steel – HS Code 7201-7316) for raw materials under HS Tariff Codes 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7304, 7305 and 7306, applicants are required to secure...

Invest Malaysia Facilitation Centre (IMFC), established as a one-stop centre for investment-related matters, represents a significant development in Malaysia's conducive investment landscape. It stands as a remarkable upgrade to the existing advisory centre at the Malaysian Investment Development Authority (MIDA. Commenced on 1 December 2023, the IMFC aims to speed...

Demonstrating Malaysia's adeptness in global economic engagements, the Ministry of Investment, Trade & Industry (MITI) and MIDA recently concluded a Trade and Investment Mission (TIM) to Milan and Turin, Italy, led by YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade & Industry (MITI). Taking place from...

On 10 January 2024, YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI) along with senior officials from MITI and MIDA, embarked on an investment mission to the Republic of Singapore, marking the commencement of an exciting year ahead. This initiative, in conjunction with...

Malaysia and Japan share a common goal of achieving net-zero carbon emissions by 2050, spanning across various industries and activities. The recent Strike Force visit, led by Datuk Wira Arham Abdul Rahman, CEO of MIDA, from January 16 to 20, 2024, in Tokyo, marked a significant step towards achieving this...

In a significant stride towards bolstering economic ties, YAB Dato' Seri Anwar Ibrahim, Prime Minister of Malaysia, led a working visit to Tokyo, Japan, from 16 to 18 December 2023, coinciding with the ASEAN-Japan Commemorative Summit. This strategic move aimed to build upon existing economic partnerships and attract potential investments.

In today's rapidly evolving global condition, the pressing need for sustainable and renewable energy sources have become increasingly evident. Acknowledging this urgency, a growing number of nations have embarked on a pursuit towards a sustainable energy landscape. In an effort to further amplify this agenda for Malaysia, the Government has...

In the face of global uncertainties, Malaysia's robust investment facilitation strategies have yielded impressive results, attracting RM225.0 billion in approved investments during the period from January to September 2023.

YAB Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia, led a high-level Malaysian delegation at the 30th APEC Economic Leaders’ Meeting (AELM) held in San Francisco, United States of America from 14 to 17 November 2023. Themed "Creating a Resilient and Sustainable Future for All", the summit brought together...

In a strategic move to bolster economic ties and attract foreign investments, YB Senator Tengku Datuk Seri Utama Zafrul Aziz led a high-profile Trade and Investment Mission (TIM) across key American cities including Chicago, Seattle, and San Francisco. The mission, accompanied by senior representatives from MITI, MIDA, and MATRADE, focused...

Malaysia’s 2024 National Budget, unveiled on 13 October 2023 introduces a strategic roadmap under the MADANI Economy Framework. This visionary budget charts a new course for sustainable economic growth and aims to elevate the standard of living for Malaysians. Let's delve into the key highlights and initiatives that define this...

The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim, embarked on a two-day official visit to the United Arab Emirates (UAE) from 5 to 6 October 2023 to enhance bilateral relations and explore avenues of cooperation between Malaysia and the UAE.

Malaysia has proven its magnetism to investors, securing an impressive total of RM132.6 billion in approved investments across the services, manufacturing, and primary sectors during the first half of 2023. These investments, comprising 2,651 projects, are set to stimulate economic growth and are projected to generate approximately 51,853 job opportunities,...

In a grand and transformative moment for Malaysia's industrial landscape, the New Industrial Master Plan (NIMP) 2030 was unveiled on 1 September 2023, marking a significant milestone in the nation's journey towards the MADANI Economy.

The Prime Minister, YAB Dato’ Seri Anwar Ibrahim, was warmly received during the 78th United Nations General Assembly (UNGA) session in New York City held from September 17 to 23, 2023. The business section of the visit coordinated by the Malaysian Investment Development Authority (MIDA), presented a unique opportunity to...

On September 13, 2023, the Malaysian Prime Minister, YAB Dato’ Seri Anwar bin Ibrahim embarked on a short working visit to the Republic of Singapore in conjunction with the 10th Asia Summit organised by the renowned Milken Institute covering economics, finance, healthcare, public policy, and philanthropy.

On 1 June 2023, the Malaysian Investment Development Authority (MIDA) unveiled the Project Implementation and Facilitation Office – TRACK, formerly known as Project Acceleration and Coordination Unit (PACU), as an ambitious game changer to accelerate project implementation process. TRACK provides end-to-end facilitation services to projects approved by the National Committee...

MIDA has won the prestigious Industry Excellence in Investment Management Award at the 12th Global Leadership Awards 2022, which was held on 12 July 2023 in Kuala Lumpur. This award is a significant recognition of MIDA's commitment to corporate and community development, as well as its adaptability and ability to...

As economic gravity shifts towards Southeast Asia, Malaysia offers compelling reasons for companies to anchor their investment activities within its borders. From the realms of cutting-edge manufacturing to the dynamic realm of services, Malaysia presents a compelling proposition that resonates with forward-thinking enterprises seeking growth and innovation.

On July 20 and 21 2023, Prime Minister YAB Dato’ Seri Anwar Ibrahim embarked on a significant official visit to the Socialist Republic of Vietnam, graciously extended by His Excellency Pham Minh Chinh, Prime Minister of Vietnam.

Malaysia has an open economy which is driven by trade in goods and services. Over the years, the country has forged an extensive network of implemented regional and bilateral trade agreements which have enabled Malaysia-based exporters and investors to enjoy a myriad of benefits such as tariff concessions, expanded market...

The Trade and Investment Mission (TIM) to Japan, led by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), successfully took place from 29 May to 2 June 2023 in Tokyo and Osaka. This mission aimed to strengthen the bilateral trade...

Malaysia has once again established itself as a top investment destination, attracting RM71.4 billion in approved investments during the first quarter of 2023. These investments, spanning across the manufacturing, services, and primary sectors, are set to bring prosperity and create 23,977 job opportunities nationwide. Foreign Direct Investment (FDI) continues to...

The Malaysian Investment Development Authority (MIDA) successfully organised an inaugural seminar with the theme ‘Hydrogen Economy – Building a Sustainable Ecosystem in Shaping the Future of Energy, Materials & Infrastructure’ at MIDA Sentral, Kuala Lumpur on 21 March 2023. This seminar aimed to explore the significant potential of hydrogen technology...

Cross Border Investment (CBI), which involves investing across borders between two or more different countries, is a natural progression in any country that has attained a fairly high level of economic development. Over the years, CBI has become increasingly important particularly from the perspective of expanding business horizon and market...

A vibrant and dynamic scene was witnessed in Seoul from 14-17 March 2023, as Malaysia's Trade and Investment Mission (TIM) to the Republic of Korea (ROK) unfolded. Led by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade and Industry (MITI), this mission was the...

The Trade and Investment Mission (TIM) to the People’s Republic of China, led by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), was held from 30 March to 4 April 2023, in conjunction with YAB Prime Minister Dato’ Seri Anwar...

On 8 March 2023, Malaysia’s Minister of International Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, announced the country's investment performance for 2022 during the MIDA Annual Media Conference (AMC) 2023. The AMC themed "Sustainable Investments for Growth," revealed that Malaysia had secured RM264.6...

YAB Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia, made his first official visit to Indonesia on 8 – 9 January 2023 to strengthen bilateral ties between both countries. YAB Dato’ Seri Anwar Ibrahim and the President of Indonesia, Joko Widodo, discussed areas of mutual national interest including economic...

The Ministry of International Trade and Industry (MITI) and its agencies will be transitioning into the year 2023 under the leadership of the new MITI Minister YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, who was appointed on 3 December 2022.

YB Liew Chin Tong, Malaysia’s new Deputy Minister at the Ministry of International Trade and Industry (MITI) recently had a working visit to Brussels, Belgium from 13 to 15 December 2022 in conjunction with the ASEAN-EU Business Summit.

Malaysia continues to be among the top global investment destinations for foreign investors and a hub for business growth, as evidenced by the recently released approved investment figures for the first nine months of 2022.

The Government unveiled its New Investment Policy (NIP) on 6th October 2022 to continue Malaysia’s move towards becoming the preferred investment destination in Southeast Asia. The NIP will serve as a forward-looking framework to ensure Malaysia remains ever-ready to cater to the changes in the global economic landscape and spur...

As the world recovers from COVID-19 and is faced with regional geopolitical developments and impending inflation, Malaysia provides an attractive haven for global investors seeking to diversify their operations, including European investors in Southeast Asia.

As the principal agency responsible for the promotion of investments as well as the coordination of industrial development and selected services sectors in Malaysia, the Malaysian Investment Development Authority (MIDA)’s role is not only confined to attracting companies that intend to invest in the country, but also includes facilitating the...

30 September 2022, MIDA officially launched its newest office in Istanbul. The historical day is evidence of stronger Malaysia-Türkiye’s bilateral trade and investment relations.

The Malaysian Investment Development Authority (MIDA) is privileged to welcome Tan Sri Dato’ Sri Dr. Sulaiman bin Mahbob as the new Chairman of MIDA, effective 3 September 2022.

Malaysia’s economy has been on a strong recovery path since the country reopened its borders on the 1st April 2022. Supported by its robust industrial ecosystem, an increase in domestic demand, and the easing of containment measures, the Malaysian economy’s performance continues to normalise and grow in strength.

MIDA organised the Domestic Investment Seminar Series I (Central Region) 2022 on 26 July 2022 in Berjaya Times Square, Kuala Lumpur. Important representatives from the business community attended the event, and acquired pertinent information for their businesses. Although physical events were unable to be organised for the past two years...

The weakening impact of the COVID-19 pandemic outbreak on global economies continued throughout 2021. The emergence of new virus variants led to the prolonging of tumultuous economic conditions, supply chain disruptions and labour issues.

Private investment is an important component of the overall economy, and has played an important role in the industrial and economic development of the nation. Sustaining private investment, made up of domestic and foreign investments, is needed to expand and diversify Malaysia’s industrial base through the processes of raising productivity...

The Malaysian Investment Development Authority (MIDA) alongside The European House – Ambrosetti, in collaboration with the Italy - ASEAN Association and the Italian Trade Agency organized the 6th edition of the High-Level Dialogue on ASEAN Italy Economic Relations 2022 in Kuala Lumpur on 6 July 2022. The event was also...

Malaysia has attracted a total of RM42.8 billion approved investments in the manufacturing, services and primary sectors, involving 910 projects in January to March 2022. The foreign direct investments (FDI) remained the major contributor, at 65 per cent or RM27.8 billion, while investments from domestic sources contributed 35 per cent...

From 23 to 28 May 2022, MIDA was part of an official working visit to Tokyo, Japan led by Prime Minister YAB Dato’ Sri Ismail Sabri Yaakob and accompanied by Senior Minister and Minister of International Trade and Industry (MITI), YB. Dato’ Seri Mohamed Azmin Ali.

It has been found that innovation fueled by research and development (R&D) has a profound impact on economic growth. The Organisation for Economic Co-operation and Development (OECD) estimates that one per cent increase in R&D spending could elevate the economy by 0.61 per cent. As such, many countries around the...

The Trade and Investment Mission (TIM) is one of the Government’s main initiatives to attract investments into Malaysia. Over the years, these missions have attracted many investment projects. More than 5,000 companies from over 40 countries have made Malaysia as their preferred location for their manufacturing and related services operations...

The COVID-19 pandemic posed one of the most challenging periods in recent history with the widespread reach of the virus globally leading to both health and economic crisis.

Prime Minister Dato’ Sri Ismail Sabri Yaakob made his first official visit to the State of Qatar and the United Arab Emirates (UAE), accompanied by Senior Minister and Minister of International Trade and Industry (MITI) Dato’ Seri Mohamed Azmin Ali from 25-31 March 2022. Also, in attendance was a delegation...

Malaysia boasted stellar investment performance for the year 2021, attracting record-breaking approved investments worth RM306.5 billion in the manufacturing, services and primary sectors. The nation remained an attractive investment destination for global and regional business expansions as total Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) numbers exceeded expectations,...

The Organisation for Economic Co-operation and Development’s (OECD) initiative to introduce 15 per cent Global Minimum Tax (GMT), though beneficial in addressing tax avoidance and competition issues, will influence investment decisions of multinational corporations (MNCs) and affect countries that are heavily reliant on tax incentives to attract inward investment.

Malaysia displayed a stellar investment performance for the period of January to September (Q3) 2021 with a total of RM177.8 billion investments approved in the manufacturing, services and primary sectors, involving 3,037 projects. This represents an outstanding 51.5 per cent increase compared to the same period last year.

As more high-tech innovative companies are making Malaysia their investment destination of choice, a future-ready talent pipeline is important to be nurtured to support these growing demands. The MIDA Assessment Development Centre (MADC) HyTalent Programme is among ongoing efforts by the Government to increase high-value job opportunities for Malaysians and...

The Chief Executive Officer of MIDA, Dato’ Arham Abdul Rahman has completed a seven-day working visit (17-23 November) to Los Angeles and San Jose which targeted 11 high quality and strategic companies with confirmed investment plans into Malaysia. The working visit focused on business ventures by new companies with cutting...

MITI has recently concluded the Trade and Investment Mission (TIM) to Germany, France & United Kingdom from 12-23 October 2021 as part of the continuous effort to draw investments into the country. Led by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister of International Trade and Industry (MITI), the TIM...

The availability of talents with the right skill sets is one of the critical enablers to sustain Malaysia’s position as an attractive investment destination in the region. With this acknowledgement, MIDA established the Industry Talent Management and Expatriate Division in 2013 as an active conduit between the industry and academia...

Budget 2022 Snapshots: Post Pandemic Recovery

Malaysia Records RM107.5 Billion of Approved Investments in January – June 2021

The CEO of Malaysian Investment Development Authority (MIDA) was privileged to receive a courtesy visit from the United States of America’s newly appointed Ambassador to Malaysia, Brian D. McFeeters, on 21 September 2021 at MIDA Headquarters, Kuala Lumpur.

The pace of digitalisation is accelerating around the world and SMEs need to embrace digital technologies towards achieving future growth. In keeping with the momentum from the implementation of Industry4WRD: National Policy on Industry 4.0 that focused on the manufacturing and related services sectors, the Government has recently launched the...

The global start-up economy is immense, amounting to USD3 trillion in terms of value, a figure equivalent to the GDP of a G7 economy. According to Startup Genome, seven out of the top 10 largest companies in the world are in technology. There is no doubt that the inexorable pace...

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister, Minister of International Trade and Industry (MITI) led the Trade and Investment Mission (TIM) to the State of Qatar, the Republic of Austria and the Republic of Turkey from 4-14 July 2021. The TIM involved bilateral meetings with the Senior Minister’s counterparts,...

Malaysia managed to steer its economy through COVID-19 moderately in 2020 compared to its regional peers. However, the wake of 2021 witnessed an increase in daily cases which caused the Government to impose tighter measures to contain the pandemic. Despite this, Malaysia’s momentum for growth is on track.

The Government has announced various assistance packages and economic stimulus amounting to RM340 billion that have benefitted more than 20 million households and over 2 million businesses.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister, Minister of International Trade and Industry (MITI) led the Trade and Investment Mission (TIM) to the Republic of Korea (ROK) and Japan from 31 March - 6 April 2021. The TIM involved bilateral meetings with YBMK’s counterparts and one-on-one meetings with potential...

The slithering surge of COVID-19 and uncertainties arising from the commodity shocks have certainly impacted Malaysia’s inching growth towards a projected GDP of 6 to 7.5 per cent in 2021. The World Bank is confident that Malaysia will be able to achieve high-income economic status provided it shifts gear; addressing...

Malaysia’s digital journey started as early as 1996 which led to the introduction of the Multimedia Super Corridor (MSC). This move was visionary and advanced for its time. It was this early adoption that equipped Malaysia to embark on the current ambitious agenda of embracing Industry 4.0 as it requires...

It was a solemn 31 March 2021 in MIDA Sentral as the Malaysian Investment Development Authority (MIDA) bade farewell to YBhg. Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA.

A year after the introduction of the Movement Control Order to contain the spread of the COVID-19 pandemic, Malaysia continues its path towards economic recovery.

Malaysia recorded RM164 billion approved investments in the manufacturing, services and primary sectors in 2020. These 4,599 projects will create 114,673 new jobs opportunities in the economy.

A wide variety of medical issues occur inside the body, which may require complicated diagnosis procedures. However, medical imaging has made this challenge far more manageable over the last century, resulting in a significant impact on public health.

A wide variety of medical issues occur inside the body, which may require complicated diagnosis procedures. However, medical imaging has made this challenge far more manageable over the last century, resulting in a significant impact on public health.

Being the principal investment promotion agency for the country for over 50 years, the Malaysian Investment Development Authority (MIDA) understands the importance of being agile and reactive in supporting the evolving needs of the business community and acting as a bridge between the Government and the private sector. Hence, we...

THE SNAPSHOT OF MALAYSIAN ECONOMY

The COVID-19 global pandemic has accelerated digital transformation and fast tracked adoption of cloud platform, artificial intelligence and automation. The pandemic indeed has been seen as an impetus for change and act as a push factor for companies to revisit business strategies and operations to improve flexibility, streamline processes and...

In the face of global economic headwinds, the Malaysian Government has taken steps to revamp its existing business processes to increase delivery efficiency and promote the ease of doing business in Malaysia to continue to sustain investors’ confidence.

The Regional Comprehensive Economic Partnership Agreement or commonly known as RCEP, is one of the world’s largest trade, investment and cooperation partnership. Comprising of ASEAN countries and its five (5) Free Trade Partners (with the exclusion of India), the RCEP was notarised virtually on 15 November 2020 at the 37th...

MIDA attended a dialogue session with the Board of Directors, Top Management, and Deans of the AIMST University on 22 September 2020 in Bedong, Kedah.The engagement aimed to share the Malaysian Investment Development Authority (MIDA)’s role in spearheading the nation’s investment agenda and the critical role assumed by higher education...

There is no single path for manufacturers to adopt Industry 4.0. Still there is a simple blueprint for the key requirements of an Industry 4.0 system that can guide leaders in the manufacturing space to embrace Industry 4.0. Four main elements for leaders to focus are Inter-operability, Digital Twin, Modularity,...

The new era of trade is being accelerated by the progress of globalisation, economic liberalisation, and the rapid advancement of information and communication technology (ICT). Services, in particular, have emerged as a dominating force in today’s trade, becoming an important engine for economic development.

Manufacturing, Services and Primary Sectors

Tourism has evolved beyond the common understanding of being limited to vacation activities only. Niche tourism areas such as property tourism, sports tourism, business tourism and voluntourism are among the segments that have been growing in popularity and traction. Malaysia, in particular, is fast becoming a notable country in the...

Dato’ Azman Mahmud, CEO of MIDA attended the Chairman’s VIP dinner organised by British Malaysian Chamber of Commerce (BMCC) on 18 August 2020 in Four Season Hotel. The event was organised as a networking session with BMCC Sterling members who are mainly existing investors from the UK in Malaysia.

Malaysia recorded a total of RM37.4 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter (1Q) of this year.

In efforts to address setbacks amid the current external challenges, PENJANA initiatives seek to lay the foundation for financial support and initiatives for the business community, and help improve business sentiments.

Malaysia is a progressive nation with a robust economy. Located in one of the fastest-growing economic regions in the world, the International Monetary Fund (IMF) projected our country to grow at a rate of 6.3 per cent in 2021 despite global economic uncertainties. This positions Malaysia as the fastest growing...

Many countries worldwide have started easing their strict movement control orders (MCO) due to the COVID-19 pandemic but various features of the pandemic life will continue to stay and unlikely to disappear anytime soon. Wearing a face mask and practising social distancing will be part of the world’s new normal...

he Malaysian Investment Development Authority (MIDA) inked a Memorandum of Understanding (MOU) with Standard Chartered Malaysia on 11 June 2020. Both parties will further collaborate to attract targeted global investments within a higher value, impactful and technology-intensive investments, in the key priority sectors such as electrical and electronics, machinery and...

Malaysia's move to break the chain of infections through the implementation of the Movement Control Order (MCO) beginning 18 March 2020 is proving to be effective with Malaysia handling the situation relatively well. In tandem, to ensure the resilience of the country's economy, most of the economic sectors have been...

The Malaysian Investment Development Authority (MIDA) organised a live webinar session with the National Chamber of Commerce and Industry of Malaysia (NCCIM) on 21 May 2020. The session, which featured a keynote address by Dato' Azman Mahmud, CEO of MIDA was joined by Tan Sri Datuk Ter Leong Yap, President,...

The Malaysian Investment Development Authority (MIDA) participated as one of the panellists in the webinar entitled ‘Post Covid-19 Economic Situation Prediction in Malaysia’, organised by the Chinese Enterprises Chambers of Commerce in Malaysia (CECCM) on 15 May 2020. The session attracted a total of 14,200 views on CECCM, and the...

The COVID-19 pandemic has proven that digitalisation and automation is a necessity to ensure business sustainability. At the webinar session entitled “COVID-19: A Catalyst for Malaysia’s Industrial Revolution (IR) 4.0”, organised by the British Malaysia Chamber of Commerce’s (BMCC) webinar on 22 May 2020, Mr. Sivasuriyamoorthy Sundara Raja, Executive Director...

Russia is blessed with vast natural resources such as oil and gas, iron and steel as well as wood and forestry. Today, Russia is among the world's leading producers of oil and natural gas and a top exporter of metals such as steel and primary aluminium. Russian companies are also...

Globally, SMEs play a significant role in contributing to national GDP growth, employment and innovation. In Malaysia’s context, SMEs represent 90 per cent of business establishments. They also account for 65 per cent of the country’s employment and contribute approximately 40 per cent to the country’s GDP.

Numerous countries around the world are implementing measures to manage COVID-19 to keep their population safe. In Malaysia, the first COVID-19 case was reported on 25 January 2020. The Government took proactive actions to curb the diseases and announced the Movement Control Order (MCO) beginning 18 March 2020. The MCO,...

According to the United Nations Conference on Trade and Development (UNCTAD), there will be a possible significant downward pressure on global FDI flows by -30 per cent to -40 per cent due to COVID-19. This is a potential outcome given the close, intricate inter-dependence of global value chains, directly affecting...

List of Critical Production Sectors Allowed to Continue Operations Subject to Conditions by the Ministry of International Trade and Industry (MITI)

The WBAF 2020 event was held in Istanbul from 17-18 February 2020. This annual event represents the largest gathering of representatives from early-stage equity and…

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.

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...

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).

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....

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.

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...

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

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...

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...

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...

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...

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.

To nurture the growth of Foreign Direct Investment (FDI) and Domestic Investment (DI) in the country, MIDA - through its Post Investment and Infrastructure SupportDivision (PostInvest), provides ‘handholding’ and ‘problem solving’ services to assist companies’ investment journey in Malaysia.

Malaysia’s industrialisation has shifted from job creation to becoming a developed nation by 2020. From 2006 to 2018, the government has approved more than 64,000 projects in various economic sectors with investment valued at RM2.2 trillion. These projects have created over 2 million job opportunities. Today, Malaysia has become one...

Malaysia continues to sustain its investment growth momentum in the first half of 2019 (1H2019) despite the challenging global economic landscape and intense competition, with total investments of RM92.0 billion recorded in the services, manufacturing and primary sectors for 1H2019. These investments were from 2,554 projects and will potentially create...

The first quarter of 2019 indicated a positive start to the year, with approved foreign investments into Malaysia increased by 73.4% to RM29.3 billion from RM16.9 billion in the first quarter of 2018. This commendable performance could only be achieved with the conducive business climate within the country, which has...

The machinery & equipment (M&E) industry assumes strategic importance to Malaysia's economy with its cross-cutting linkages across all economic segments. However, given the evolution of technology in the industry is moving at such a relentless pace, this presents Malaysian business leaders with challenges as well as opportunities to create new...

Asia Pacific Economic Cooperation or better known as APEC, has grown into a dynamic engine promoting trade and economic growth in the Asia-Pacific region since its establishment in 1989. This inter-governmental forum comprising of 21 member economies was formed in response to the growing interdependence of the Asia-Pacific economies, regional...

Malaysia has successfully attracted a total of RM53.9 billion approved investments in the manufacturing, services and primary sectors for the first quarter of 2019 (Q1 2019), an increase of 3.1% from the same period last year (RM52.3 billion). These investments are from 1,678 projects and are expected to generate more...

Enhancing the students' employability has always been on top of the human capital development agenda of the Government. This is to ensure that they are industry-relevant, ready to enter the job market and ultimately able to contribute to the economic growth of the country. Various programmes are usually adopted by...

MIDA's E-Newsletter in has introduced readers to the Forum of Harmful Tax Practices (FHTP) and its requirements in fulfilling Action 5: Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance. This edition aims to update readers on the current progress and incentive recipients' tax responsibilities.

MIDA has once again won the Top Investment Promotion Agency 2019 award in the Asia-Pacific National category by the Site Selection, together with the EDB Singapore. The agency won the same award in 2015 and 2016.

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...