Launch of Malaysia, Heart Of Digital ASEAN (MHODA) Portal, a Single Window To Facilitate Digital Investments into Malaysia

KUALA LUMPUR, 2 August 2021: YB Dato’ Sri Mustapa bin Mohamed, Minister in the Prime Minister’s Department (Economy), today launched Malaysia, Heart of Digital ASEAN (MHODA) portal, a single platform to attract and facilitate digital investments into Malaysia.

Its announcement in conjunction with Malaysia Tech Month 2021 is set to boost the month-long virtual event of electrifying digital and technology programmes and promotions.

The MHODA portal was designed under the establishment of Digital Investment Office (DIO) to coordinate, assess and evaluate digital investment projects, while providing end-to-end facilitation to investors. DIO will also put forward future-ready policies and guides on talent requirements, digital infrastructure networks and address operational issues faced by businesses during the current pandemic and beyond.

YB Dato’ Sri Mustapa bin Mohamed expressed, “I am confident that the DIO through the MHODA platform will ensure a quicker and more streamlined process for digital investment applications, as investors need not have to navigate multiple channels or IPAs, to secure their investments in Malaysia. The Government entrusts MIDA and MDEC to lead the DIO as both are cognizant of policy guidelines and committed to hand-hold investors to grow their high-quality digital investments in this region.”

Since its inception on 22 April 2021, both agencies have committed to welcome quality digital projects, in line with the Government’s aspiration to attract RM70 billion worth of investments by 2025 and to elevate the contribution of digital economy to Malaysia’s GDP from the current 19.1 percent to 22.6 percent.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, assured that “the branding of Malaysia as the Heart of Digital ASEAN serves the purpose of this single digital investment interface in allowing us to make swift decisions in handling investors’ needs and assuring investors to firm-up investment plans, and proceed on the project implementation. Providing a cohesive and supportive ecosystem in an efficient operating environment is imperative to entice quality investments into Malaysia. DIO will serve to strengthen Malaysia’s capabilities and the nation’s competitiveness as an ideal business location for companies in the digital space.”

Mr. Arham also highlighted that the DIO initiative will further solidify Malaysia’s aim to reinvigorate the national agenda to enhance competitiveness as formulated in the National Investment Aspirations (NIA) which focus on coherence and cohesiveness across all national policy initiatives relating to investment, including the New Industrial Masterplan and the 12th Malaysia Plan. “We are convinced that DIO, through its MHODA platform is a stepping-stone towards the country’s digital evolution, especially in transforming the new and existing economic clusters through digital enablers, high income job creations and digital upskilling of the local workforce and businesses,” he added.

Ms. Surina Shukri, CEO of MDEC reiterates “The DIO will operate as a single window for all investors in the digital economy, and in the role, it can establish a centralised data and reporting platform to capture a holistic view of digital investments and evaluate any interventions that may be required.”

“Through this DIO online platform, investors will find it convenient to submit their investment interest through a single-entry point, easing entry and facilitation and enabling quality digital investment opportunities in line with the goals of MyDIGITAL. This also builds upon Malaysia’s aspiration to position itself as a Digital Hub in the region, while accelerating the growth of digital investments will indirectly develop more highly skilled professionals and nurture our digital global champions. This is in line with our agenda towards Malaysia 5.0, enabling a nation that is deeply integrated with technology, providing equitable digital opportunities to the people and businesses,” she added.

Playing its role as a single site in promoting Malaysia’s digital landscape, MHODA can be accessed through www.heartofdigitalasean.my as well as MIDA’s official website.

Businesses are welcome to discover new perspectives on domestic and global trends in the artificial intelligence, drone tech, data analytics, fintech and digital workforce in the ongoing Malaysia Tech Month 2021.

*****

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About MDEC

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the nation’s digital transformation for 25 years. MDEC’s agenda is Malaysia 5.0, enabling a nation deeply integrated with technology, providing equitable digital opportunities to the people and businesses. In order to achieve this, we will focus on four key DIGITAL thrusts, New skills, Adoption, Disruptors and Investments. This forms the basis of our NADI Digital brand campaign that will drive our core programmes for the rakyat, business and investors.  MDEC’s aim is for Malaysia to become a globally competitive digital nation, anchored on inclusivity, sustainability and shared prosperity, firmly establishing Malaysia as the Heart of Digital ASEAN. To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on: Facebook: https://www.facebook.com/MyMDEC/

Twitter: @mymdec

#Malaysia5.0 #NadiDigital #SayaDigital #MHODA #MyMDEC

For more information, please contact:

Business Services and Regional Operations, MIDA
Ms. Rosedalina Ramlan
Email : [email protected] | DL: +603-2267 3515

Digital Investment Division, MDEC
Mr. Razif Abdul Aziz
Email : [email protected] | DL: +603-8315 3111

MIDA Amalgamates with MDEC On Digital Investment Office (DIO)

Kuala Lumpur, 16 August 2019 – “Despite the challenging global economic landscape and more intense competition, Malaysia continued to sustain its investment growth momentum in the first half of 2019 (1H2019),” said YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).

Malaysia recorded a total of RM92.0 billion of approved investments in the services, manufacturing and primary sectors for 1H2019, a modest increase of 7.6% compared with RM85.5 billion for the same period last year. These investments involved 2,554 projects and will create 59,542 employment opportunities in the country.

The services sector accounted for the largest share of the total with investments amounted to RM55.0 billion or 59.8%, followed by the manufacturing sector with RM33.1 billion (36.0%) and primary sector with
RM3.9 billion (4.2%).

“In 1H2019, foreign investments in the manufacturing, services and primary sectors increased by 97.2% to RM49.5 billion from RM25.1 billion recorded in the first half of 2018. Domestic investments approved in 1H2019 amounted to RM42.5 billion, contributing 46.2% to the total. This illustrates Malaysia competitive and comparative advantages in attracting investments amid mounting global market uncertainties and trade war tensions,” said YB Datuk Darell.

Services Sector

A total of 2,150 services projects were approved in 1H2019. These projects are expected to create more than 28,650 job opportunities. The real estate sub-sector remains as the largest contributor with RM18.5 billion despite a decline of 35.1% from 1H2018. However, the global establishment, distributive trade, utilities and the hotel and tourism sub-sectors have all recorded increases during the period, accounting for 54.4% of total approved investments in the services sector. The distributive sub-sector, in particular, recorded a significant rise of 277.8% to RM10.2 billion from RM2.7 billion in 1H2018 for the period of January to June 2019.

Domestic investments made up the larger portion, recording RM32.6 billion or 59.3% of the total approved investments for the sector during this period while the remainder, RM22.4 billion were from foreign sources.

A notable services project approved in 1H2019 is the large scale solar (LSS) expansion project to be undertaken by TNB Bukit Selambau Solarin Bukit Selambau, Kedah. The LSS project with a capacity of 30 MWAC will provide renewable energy (RE) totalling 1,700MW by the year 2025. This is in line with the Government’s target of achieving 20 per cent of the country’s electricity to be generated from renewable sources by 2030.

Manufacturing Sector

The positive investment growth of 1H2019 was driven by the robust performance of the manufacturing sector that soared by 74.2% compared to 1H2018. Malaysia’s manufacturing sector recorded approved investments of RM33.1 billion from 366 manufacturing projects for the first half of 2019 as compared to RM19.0 billion from 288 manufacturing projects in the same period last year. Majority of the investments, 75.8% or RM25.1 billion were from foreign investments and the remaining 24.2% or RM8 billion were from domestic sources.

The approved manufacturing projects will create 30,449 job opportunities the largest potential employer in the economy. The jobs created include 1,829 electrical and electronics engineers, 896 mechanical engineers and 211 chemical engineers. In addition, the projects will also require about 2,886 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

The top foreign sources were from the United States of America (USA) with investments of RM11.7 billion, followed by China (RM4.8 billion), Singapore (RM3.1 billion), Japan (RM2.1 billion) and the British Virgin Islands (RM1.4 billion). These five countries jointly accounted for 92.0% of total foreign investments approved in the manufacturing sector for this period.

“The expansion project of Longi Technology (Kuching) from China is amongst the notable high technology project approved from January to June 2019. The company is expanding its capacity to produce monocrystalline solar cell to meet demand in overseas markets. Other approved projects include a new project from Advance Energy Industries and expansion projects by On Semiconductors and Plexus Manufacturing. These three companies are from the USA,” added YB MITI Minister.

“Malaysia has vast potentials to collaborate with foreign companies and benefit through the transfer of technologies and expertise that cut across many industries. The Ministry of International Trade and Industry (MITI) through MIDA continues to encourage local sourcing by foreign companies.

We want to see more local companies to be part of the global value chain,” said YB MITI Minister.

As the Government is drafting the 12^th Malaysian Plan, the contribution of the catalytic and high growth subsectors namely electrical & electronics, chemical & chemical products, machinery & equipment, medical devices and aerospace emphasised under the 11th Malaysia Plan Mid-Term Review cannot be denied. In 1H2019, these sectors contributed RM19.1 billion or 57.7% of total approved investments in the manufacturing sector through 131 approved project. Once implemented, these projects will potentially create 16,732 job opportunities and further energise the development of the overall manufacturing sector.

Malaysia has consistently pursued more capital intensive projects: moving away from labour-intensive projects to high-skilled and technologically advanced projects that support the sustainable development agenda of the nation. The capital intensity, measured by capital investment per employee (CIPE) ratio of projects approved within the sector increased toRM1,088,715 in January to June 2019 from RM837,862in the same period last year.

By value of investments, Pulau Pinang (RM9.2 billion), Kedah (RM7.7 billion), Selangor (RM6.0 billion), Johor (RM4.0 billion) and Perak (RM1.7 billion) accounted for 86.4% of the total approved investments in the manufacturing sector.

Primary Sector

The primary sector contributed RM3.9 billion or 4.2% to the total approved projects in the first half of 2019. The mining subsector continued to lead with approved investments of RM3.6 billion, followed by plantation and commodities with RM257.3 million and agriculture with RM48.6 million. These investments are expected to create 443 job opportunities.

The agriculture sector illustrated a modest growth of 25.6% to RM48.6 million during 1H2019 from RM38.7 million during 1H2018 driven by approved investments in crops-related agriculture project.

Conclusion

“Malaysia is striving to keep the nation’s deficit, inflation and unemployment low while putting in place policies that are pro-business. The Government is investing in human capital, technology and infrastructure and focusing on sharpening the countries competitive edge. Coupled with strategic promotions to welcome quality investments that will contribute to enhancing the country’s technological capabilities, develop the local supply chain and increase the country’s export revenue, Malaysia’s 1H2019 investment performance is the testament of the Government’s commitment to remain pro-business with prudent and pragmatic policies to ensure a conducive environment for businesses to thrive,” said YB Datuk Darell Leiking.

************************************

ABOUT MIDA

MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, @OfficialMIDA.

Malaysia Continues to Attract Business Interest

Foreign Investments in the Manufacturing, Services and Primary Sectors Increase by 97.2%

Kuala Lumpur, 16 August 2019 – “Despite the challenging global economic landscape and more intense competition, Malaysia continued to sustain its investment growth momentum in the first half of 2019 (1H2019),” said YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).

Malaysia recorded a total of RM92.0 billion of approved investments in the services, manufacturing and primary sectors for 1H2019, a modest increase of 7.6% compared with RM85.5 billion for the same period last year. These investments involved 2,554 projects and will create 59,542 employment opportunities in the country.

The services sector accounted for the largest share of the total with investments amounted to RM55.0 billion or 59.8%, followed by the manufacturing sector with RM33.1 billion (36.0%) and primary sector with RM3.9 billion (4.2%).

“In 1H2019, foreign investments in the manufacturing, services and primary sectors increased by 97.2% to RM49.5 billion from RM25.1 billion recorded in the first half of 2018. Domestic investments approved in 1H2019 amounted to RM42.5 billion, contributing 46.2% to the total. This illustrates Malaysia competitive and comparative advantages in attracting investments amid mounting global market uncertainties and trade war tensions,” said YB Datuk Darell.

Services Sector

A total of 2,150 services projects were approved in 1H2019. These projects are expected to create more than 28,650 job opportunities. The real estate sub-sector remains as the largest contributor with RM18.5 billion despite a decline of 35.1% from 1H2018. However, the global establishment, distributive trade, utilities and the hotel and tourism sub-sectors have all recorded increases during the period, accounting for 54.4% of total approved investments in the services sector. The distributive sub-sector, in particular, recorded a significant rise of 277.8% to RM10.2 billion from RM2.7 billion in 1H2018 for the period of January to June 2019.

Domestic investments made up the larger portion, recording RM32.6 billion or 59.3% of the total approved investments for the sector during this period while the remainder, RM22.4 billion were from foreign sources.

A notable services project approved in 1H2019 is the large scale solar (LSS) expansion project to be undertaken by TNB Bukit Selambau Solarin Bukit Selambau, Kedah. The LSS project with a capacity of 30 MWAC will provide renewable energy (RE) totalling 1,700MW by the year 2025. This is in line with the Government’s target of achieving 20 per cent of the country’s electricity to be generated from renewable sources by 2030.

Manufacturing Sector

The positive investment growth of 1H2019 was driven by the robust performance of the manufacturing sector that soared by 74.2% compared to 1H2018. Malaysia’s manufacturing sector recorded approved investments of RM33.1 billion from 366 manufacturing projects for the first half of 2019 as compared to RM19.0 billion from 288 manufacturing projects in the same period last year. Majority of the investments, 75.8% or RM25.1 billion were from foreign investments and the remaining 24.2% or RM8 billion were from domestic sources.

The approved manufacturing projects will create 30,449 job opportunities the largest potential employer in the economy. The jobs created include 1,829 electrical and electronics engineers, 896 mechanical engineers and 211 chemical engineers. In addition, the projects will also require about 2,886 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

The top foreign sources were from the United States of America (USA) with investments of RM11.7 billion, followed by China (RM4.8 billion), Singapore (RM3.1 billion), Japan (RM2.1 billion) and the British Virgin Islands (RM1.4 billion). These five countries jointly accounted for 92.0% of total foreign investments approved in the manufacturing sector for this period.

“The expansion project of Longi Technology (Kuching) from China is amongst the notable high technology project approved from January to June 2019. The company is expanding its capacity to produce monocrystalline solar cell to meet demand in overseas markets. Other approved projects include a new project from Advance Energy Industries and expansion projects by On Semiconductors and Plexus Manufacturing. These three companies are from the USA,” added YB MITI Minister.

“Malaysia has vast potentials to collaborate with foreign companies and benefit through the transfer of technologies and expertise that cut across many industries. The Ministry of International Trade and Industry (MITI) through MIDA continues to encourage local sourcing by foreign companies.

We want to see more local companies to be part of the global value chain,” said YB MITI Minister.

As the Government is drafting the 12^th Malaysian Plan, the contribution of the catalytic and high growth subsectors namely electrical & electronics, chemical & chemical products, machinery & equipment, medical devices and aerospace emphasised under the 11th Malaysia Plan Mid-Term Review cannot be denied. In 1H2019, these sectors contributed RM19.1 billion or 57.7% of total approved investments in the manufacturing sector through 131 approved project. Once implemented, these projects will potentially create 16,732 job opportunities and further energise the development of the overall manufacturing sector.

Malaysia has consistently pursued more capital intensive projects: moving away from labour-intensive projects to high-skilled and technologically advanced projects that support the sustainable development agenda of the nation. The capital intensity, measured by capital investment per employee (CIPE) ratio of projects approved within the sector increased toRM1,088,715in January to June 2019 from RM837,862in the same period last year.

By value of investments, Pulau Pinang (RM9.2 billion), Kedah (RM7.7 billion), Selangor (RM6.0 billion), Johor (RM4.0 billion) and Perak (RM1.7 billion) accounted for 86.4% of the total approved investments in the manufacturing sector.

Primary Sector

The primary sector contributed RM3.9 billion or 4.2% to the total approved projects in the first half of 2019. The mining subsector continued to lead with approved investments of RM3.6 billion, followed by plantation and commodities with RM257.3 million and agriculture with RM48.6 million. These investments are expected to create 443 job opportunities.

The agriculture sector illustrated a modest growth of 25.6% to RM48.6 million during 1H2019 from RM38.7 million during 1H2018 driven by approved investments in crops-related agriculture project.

Conclusion

“Malaysia is striving to keep the nation’s deficit, inflation and unemployment low while putting in place policies that are pro-business. The Government is investing in human capital, technology and infrastructure and focusing on sharpening the countries competitive edge. Coupled with strategic promotions to welcome quality investments that will contribute to enhancing the country’s technological capabilities, develop the local supply chain and increase the country’s export revenue, Malaysia’s 1H2019 investment performance is the testament of the Government’s commitment to remain pro-business with prudent and pragmatic policies to ensure a conducive environment for businesses to thrive,” said YB Datuk Darell Leiking.

************************************

ABOUT MIDA

MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era.

For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, @OfficialMIDA.

Posted on : 16 August 2019

Malaysia Continues to Attract Business Interest

To Meet Requirements of Industry of the Future

28 August 2018, Johor Bharu – Industrial Park developers are urged to create substantive systemic change to ensure the enhancement and redevelopment of industrial parks in Malaysia are sustainably met.

“With the Industry 4.0 being underway, there is a critical need for the park developers to develop the next generation of industrial clusters that are well equipped with the state-of-the-art facilities and infrastructure to cater to the next wave of industries.The strengthening of our manufacturing ecosystem requires real actions and sustainable progress, and we need to be vigilant about our infrastructure being put in place as there is no any other way around it,” said Y.B. Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry today.

Dr Ong highlighted that even though there are more than 500 industrial parks throughout the country, majority of these parks are not able to meet investors’ requirements. “Most companies, particularly foreign investors are becoming more demanding as they require not only a good infrastructure for the manufacturing park but also the amenities within the self-contained township with eco-friendly features and of international standards,” he said.

The Deputy Minister of MITI made the call at the Industrial Park Forum for Southern Region held at Holiday Villa Hotel, Johor Bharu today. The second event of the series takes on the theme of “Strengthening the Manufacturing Ecosystem”.

Also speaking at the event, Mr. Arham Abdul Rahman, Deputy CEO of MIDA said, “Industrial parks are the key elements of infrastructure that support the growth of today’s global economy. A well-developed park can be an incubator to attract high quality investments into the country, and hence,we have to re-engineer our industrial parks to meet the demand of investors.”

“There is a great need to have a single body or authority to oversee and regulate the industrial parks and assist potential investors in identifying suitable locations to place their facilities,” he continued.

The joint event, organised by the Malaysian Investment Development Authority (MIDA) and the Federation of Malaysian Manufacturers (FMM), was well attended by various stakeholders includingbusiness chambers, local authorities, park developers & managers, utility companies, manufacturers and potential investors.

The Forum featured a panel discussion by a broad range of speakers from UEM Sunrise Berhad, Sime Darby Property Berhad, Iskandar Halal Park, AME Development, Malaysian French Chamber of Commerce Industry, Hersheys Malaysia, i2m Ventures, Almer Malaysia, Telekom Malaysia and Tenaga Nasional Berhad (TNB).

It was also announced that MIDA and FMM will be publishing a Directory of Industrial Parks in Malaysia that will serve as a single reference point for investors and industry players to identify suitable locations for their facilities. The Directory, which is expected to be finalised and published after the completion of the Industrial Park Forum series will entail all available industrial parks in Malaysia, by state in terms of type, size and price to assist investors make well-informed business decisions.

***

For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel.: 03-2267 3627 | Email: [email protected]

Download: 

Speech by Mr. Arham Abd. Rahman (DCEO of MIDA) _Industrial Park Forum for Southern Region

 Talking Points by YB Dr. Ong Kian Ming (DM MITI)_Industrial Park Forum for Southern Region

Industrial Parks Developers to Step up Their Game

The Malaysian Investment Development Authority (MIDA) in collaboration with the Malaysian Indian Network of Entrepreneurs (1MINE) organised a Briefing and Networking Session to increase awareness of local companies on latest updates on government policies, incentives, facilities and support services available. The half-day seminar has brought together up to 250 participants from the value chain of the manufacturing and services sectors

2 August 2019, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) in collaboration with the Malaysian Indian Network of Entrepreneurs (1MINE) organised a Briefing and Networking Session to increase awareness of local companies on latest updates on government policies, incentives, facilities and support services available. The half-day seminar has brought together up to 250 participants from the value chain of the manufacturing and services sectors.

The event featured presentations by various divisions of MIDA on initiatives and programmes for domestic investment, Investment Coordination Platform (ICP), High Impact Fund, Domestic Investment Strategic Fund, and Industry 4.0 Incentives including the Introduction and Readiness Assessment for Industry 4.

According to Mr. Sivasuriyamoorthy Sundara Raja, Executive Director of Investment Promotion, MIDA, “The Government has adopted proactive economic measures to assist and facilitate Malaysian businesses in these challenging economic times. Today’s engagement is part of our outreach programmes to assist domestic companies in becoming regional or global champions. We believe there is much room for existing companies in Malaysia to expand or diversify, particularly in high value-added, high technology, knowledge-intensive and innovation-based activities. On MIDA’s part as the country’s principal investment promotion agency, we will continue to work closely with all stakeholders to ensure that we sustain a conducive business environment for businesses to grow.”

“We want our SMEs to look beyond Malaysia’s market and become regional or global champions. So far, the majority of SMEs, despite making up 98.5 per cent of the country’s businesses cater only to the local market. With the presence of digital platforms, the market has become borderless. ASEAN market alone consists of a population base of 650 million, which we can tap on,” added Mr. S. Siva.

***************

ABOUT MIDA

MIDA is Malaysia’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, @OfficialMIDA.

For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel.: 03-2267 6633 | Email: [email protected]

Download:

Talking Points for Executive Director, Investment Promotion of MIDA_1Mine Briefing Session

Spearheading Nation’s Investment Agenda

Industry4WRD_National Policy on Industry 4.0 and Readiness Assessment

Domestic Investment & Supply Chain Coordination Division

Investment Incentives Portal

Post Licensing & Post Incentive

High Impact Fund, DISF & Industry 4.0 Incentive

Industry Talent Management & Expatriate Division

MIDA Collaborates With 1MINE to Increase Awareness on Government Policies and Facilities

“Selangor is indeed one of the most preferred investment locations for manufacturing activities. Continued interest by investors had enabled Selangor to register a remarkable level of reinvestments by local and foreign companies, whereby reinvestments in the manufacturing sector constituted 40.3% of total investments in the sector for the state.The strong presence of MNCs and Large Local Corporations (LLCs) in the State such as Spirit AeroSystems, Nestle, IKEA, Panasonic, Q-Cells, KL-Kepong Oleomas, Nippon Electric Glass, Perodua Global Manufacturing, Proton, Top Glove and Hartalega hold much promise for business collaborations and opportunities,” said Mr Arham Abdul Rahman, Deputy Chief Executive Officer (DCEO) of Malaysian Investment Development Authority (MIDA) during the ninth briefing of MIDA Invest Series: Unfolding States’ Business Potential held today at the MIDA Headquarters

Strong Presence of MNCs and LLCs in Selangor Hold Many Opportunities for Business Collaborations

“It is more crucial now than ever for companies to reassess and realign their business strategies to adapt to the current challenges of doing business. Intensifying innovation through strategic collaborations in R&D activities is one of the critical components that would enable businesses to remain competitive and sustainable,” said Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) at the Innovation Pitch & Business Matching (IPBM) 2019 this morning in MIDA Sentral

Companies to Intensify Innovation through Strategic Collaborations in R&D Activities to Remain Competitive and Sustainable

“In the first half of this year, Selangor recorded RM5.9 billion of total approved investment in the manufacturing sector, 90.3% higher compared with RM3.1 billion, approved in the same period last year. Of this, RM3.8 billion were from foreign investments, representing 64 per cent of Selangor’s total approved investments in the manufacturing sector for the period of January to June 2019,” said YB Dr Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI) at the Selangor Investment Seminar 2019, today. The event was organised by the Malaysian Investment Development Authority (MIDA) in collaboration with MITI and Invest Selangor Berhad

22 August 2019, Subang – “In the first half of this year, Selangor recorded RM5.9 billion of total approved investment in the manufacturing sector, 90.3% higher compared with RM3.1 billion, approved in the same period last year. Of this, RM3.8 billion were from foreign investments, representing 64 per cent of Selangor’s total approved investments in the manufacturing sector for the period of January to June 2019,” said YB Dr Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI) at the Selangor Investment Seminar 2019, today. The event was organised by the Malaysian Investment Development Authority (MIDA) in collaboration with MITI and Invest Selangor Berhad.

YB Dr Ong highlighted that a combination of an effective policy framework, a well-developed infrastructure and the provision of education and skills training were among the key instruments that provided a conducive framework to attract investments into the State. “Continued interest by investors had enabled Selangor to register a remarkable level of reinvestments by local and foreign companies. As at June 2019, 3,381 or 36.9% of Selangor’s manufacturing projects approved were in expansion or diversification activities,” he said.

The Deputy Minister of MITI urged companies to stay abreast with technological changes. He said, “I understand that most companies, especially the SMEs, are cautiously optimistic in adopting new technologies as it requires additional investment. However, with the rapid pace of technological changes happening around us, local businesses have to act now or risk being left behind. To stay relevant, companies should be investing in three areas namely automation, skilled talent and upskilling as well as innovation.”

In early August, MIDA had successfully organised the MIDA Invest Series: Unfolding Selangor’s Business Potential at MIDA HQ and received an overwhelming response from the business community. The momentum continued with the attendance of more than 500 participants in the Selangor Investment Seminar 2019 held today.

The Seminar featured a presentation by Dato’ Hasan Azhari, CEO of Invest Selangor, followed by breakout sessions on the transformation towards automation technology, talent development, funding and financial assistance, and market access. The event also featured a sharing session from Spirit Aerosystems Malaysia and Kawan Food Manufacturing who have benefited from the assistance and facilitation provided by the Government.

The moderators and speakers involved were from Invest Selangor, FMM, ACCEL Graphic System, Mega Fortis, SIRIM, MIMOS, MPC, Jabatan Pembangunan Kemahiran, MDV, MIDF, EXIM Bank, Standards Malaysia and officials from MIDA.

******

About MIDA

MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, @OfficialMIDA.

For more information, please contact:

Mr. Abdul Fatah Mohamed Rafaie

Deputy Director

Domestic Investment & Supply Chain Division, MIDA

Tel.: 03 2267 3766

Email: [email protected]

Download:

Speech by DCEOI of MIDA_Invest Series-Selangor

Speech by Deputy Minister of MITI_Selangor Investment Seminar 2019

Selangor Registers RM5.9 Billion Worth Approved Manufacturing Projects for 1H2019