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KUALA LUMPUR, 6 September 2021 – The Malaysian Investment Development Authority (MIDA) inks a Memorandum of Understanding (MoU) with SIRIM Tech Venture Sdn Bhd (STV) to enhance technology adaption within the domestic investment landscape in Malaysia. The virtual signing between Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA and Mr. Ajmain Kasim Chief Executive Officer of SIRIM Tech Venture is seen as a significant milestone in the Government’s efforts to encourage industry players particularly domestic players and SMEs to step up into new technology and move towards implementing Industry 4WRD initiatives in their business processes.

Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA expressed in his opening remarks, “We welcome SIRIM Tech Venture (or STV), a wholly owned commercialisation arm of SIRIM, to work closely with MIDA’s Domestic Investment Coordination Platform (DICP) in identifying and matching companies to adopt new production solutions. As we can attest to, the COVID-19 pandemic has invoked unprecedented disruptions and transformed the global economy landscape into the new norms, where companies need to re-evaluate their business models, embark on Industry 4.0 transformation and digitalisation to remain relevant in the market”.

“With huge presence of foreign investment projects in Malaysia, it is significantly important for the domestic industry players to be tech savvy in contributing within the supply chain network and meet the expectations of their clients. STV is ready to provide technology transfer training, technology consultation and evaluation services by Certified STV analysts to industry players including domestic companies to adopt new models, higher level of efficiency and productivity”, Mr. Arham added.

MIDA’s DICP team has so far, successfully linked three local companies to STV to initiate:

Technical collaboration of a Virtual Pipeline System (VPS) in energy gas distribution for a bio-energy hub to monetise agricultural and industrial waste; while conducting pilot tests on the production of Bio Natural Gas (BioNG) from existing biogas power plants;
Orchard Management and Integrated Tracking System for durian harvesting and processed products; and
Technical advisory on renewable energy solutions on municipal solid waste, agriculture waste and livestock waste.

The presence of technical institutions such as SIRIM will certainly boost the support for companies’ technology adoption and technology expertise to progress into global outreach. Strategic collaborations contribute to the National Investment Aspirations (NIA) that foster innovation and sophistication, encourage sustained flow of quality investments in new and complex growth areas, create greater job opportunities and improve income prospects.

MIDA hopes the MOU would pave further feats for both parties to promote Malaysia’s technical expertise and to ensure easy access for the domestic companies to technology providers in their desire for higher efficiency and new business models. As a trusted business partner to investors, MIDA continues to facilitate domestic business networks.

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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

For more information, please contact :

Mr. Sukri Abu Bakar
Director, Domestic Investment and Supply Chain Coordination Division
03-2267 3685 | [email protected]

MIDA Inks MOU with SIRIM Tech to Enhance Technology Adaption Among Industries in Malaysia

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Kuala Lumpur, 24 September 2020 – Malaysia recorded a total of RM64.8 billion worth of investments in the manufacturing, services and primary sectors for the first six months of 2020 despite multiple headwinds on the global front. These investments involved 1,725 projects and will create 37,110 employment opportunities in Malaysia.

Of the total investments approved, domestic direct investments (DDI) accounted for 69.8 per cent, or RM45.3 billion, while foreign direct investments (FDI) made up the rest of RM19.5 billion.

Singapore (RM4.9 billion), Switzerland (RM2.8 billion), China (RM2.2 billion), the United States of America (RM2.2 billion) and Thailand (RM1.8 billion) were the top five sources of FDI for the manufacturing, services and primary sectors during the period.

For approved projects by state, the five major states namely Sabah, Selangor, Pulau Pinang, W.P. Kuala Lumpur and Johor contributed RM47.1 billion (72.6 per cent) to the total approved investments for January to June 2020.

The manufacturing sector attracted the largest portion of approved investments for the first half of 2020, contributing more than half (55.1 per cent) or RM35.7 billion, followed by the services sector with investments of 44.2 per cent or RM28.6 billion, and the primary sector with approved investments of 0.7 per cent or RM0.5 billion.

Manufaturing Sector

For the first six months of 2020, the manufacturing sector attracted the largest portion of approved investments, contributing RM35.7 billion; only a 3.0 per cent decrease from the corresponding period last year.

The Government, through the Malaysian Investment Development Authority (MIDA), has been leading efforts to secure sustainable investments, from both domestic and foreign sources, that will strengthen the business ecosystem in Malaysia.

The total investments approved in the manufacturing sector were mainly in petroleum products including petrochemicals (RM13.6 billion), machinery and equipment (M&E) (RM5.2 billion), electrical and electronics (E&E) products (RM5.0 billion), food manufacturing (RM2.1 billion), scientific and measuring equipment (RM2.0 billion), transport equipment (RM1.8 billion), chemicals and chemical products (RM1.6 billion) and non-metallic minerals (RM1.0 billion). These make up 90.2 per cent of total approved investments for this sector.

With a total of 398 projects, these newly approved investments are expected to create 26,940 jobs for the country. The jobs created include managerial roles (1,925), technical and supervisory roles (4,887), craft skill professionals (3,226), machinery operators and installers (11,117) as well as sales and clerical personnel (1,881).

Malaysia continues to attract a healthy level of investments in the E&E, M&E, chemical, aerospace and medical devices. For January – June 2020, a total of 147 manufacturing projects with investments of RM13.8 billion in these five industries have been approved by MIDA. These industries, which have strong inter-linkages to other sub-sectors, are instrumental in supporting the development of the overall manufacturing sector in Malaysia.

Compared to the corresponding period last year, DDI in the manufacturing sector registered an increase of 79.8 per cent to RM17.9 billion during this period while the value of approved FDI dropped by 33.7 per cent to RM17.8 billion.

The states that recorded the highest total approved investments in the manufacturing sector for the period are Sabah, Pulau Pinang, Johor, Selangor and Terengganu. These states collectively contributed RM29.7 billion.

Meanwhile, the leading sources of FDI for the first six months of 2020 were Singapore, Switzerland, USA, China, Thailand, Republic of Korea, Japan, Hong Kong, the Netherlands and Germany. These ten countries jointly accounted for 97.7 per cent of total FDI approved in the manufacturing sector for this period.

Interestingly, 69.3 per cent of the approved investments in the manufacturing sector were new greenfield projects, amounting to RM24.7 billion. This represents a 53.5 per cent increase in investments for new projects, compared to the corresponding period last year. An example of notable new projects approved during the first half of 2020 is Ultra Clean Holdings. The leader in developing and supplying of critical subsystems, ultra-high purity cleaning and analytical services primarily for the semiconductor industry, will be setting up its manufacturing facility Malaysia, creating more than 650 jobs over the next five years, including roles in manufacturing, engineering, research and development as well as quality management.

Services Sector

From January to June 2020, the services sectors recorded 1,316 approved projects with investments of RM28.6 billion. These approved services projects in the first six months of 2020 are expected to create 10,114 jobs to the economy.

Majority of the main services sub-sectors showed a significant decline in approved investments except for support services and MSC status projects. The top five contributors of approved investments in the services sector were real estate (RM12.2 billion), utilities (RM9.4 billion), support services (RM2.4 billion), financial services (RM1.8 billion) and telecommunications (RM1.3 billion).

The support services industry under the purview of MIDA covered sub-sectors such as integrated logistics, research and development, green technology, integrated circuit design, oil and gas services and licenced warehouse. In the first half of 2020, approved investments in the support services industry saw an increase of 18.5 per cent compared to the corresponding period in 2019 due to the surge of projects in the integrated logistics services and green technology sub-sectors that recorded increases of 172.1 per cent and

7.0 per cent, respectively. In addition to providing over 3,249 new jobs, these investments will also create spin-off benefits for other local businesses, further strengthening Malaysia’s industrial network.

Primary Sector

In January – June 2020, the primary sector attracted investments worth RM471.0 million. This sector comprises three main sub-sectors namely mining, agriculture and; plantation and commodities. All approved investments in this sector for the period is from domestic sources.

The mining sub-sector took the lead with approved investments of RM468.5 million in six projects, followed by the plantation and commodities sub-sector with investments of RM2.5 million.

Conclusion

“While foreign investments assume an essential role in the development of the country, greater emphasis is being put in place to drive domestic investments and turning more domestic companies into global players. We will continue to prioritise the acceleration of technology adoption in all segments of the economy by harnessing the potential of Industry

4.0 to boost Malaysia’s productivity and competitiveness.” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI).

“Ensuring business continuity and growth will be a priority with business activities resuming back to normal levels. The Government, through PENJANA, will continue to enable our investors to implement their projects in Malaysia efficiently and effectively by easing bureaucratic processes, especially during this time. The Project Acceleration and Coordination Unit (PACU) has been established in MIDA to facilitate the approval of businesses particularly manufacturing and related services and to ensure that the implementation of approved projects are successful within 24 months. Both foreign and local companies are urged to fully leverage on the available facilities to grow their businesses in the country,” he added.

Malaysia’s economy is set to regain its momentum going into the second half of the year. However, the pandemic is far from over and the Government is closely monitoring its progress as the nation journeys towards recovery. MIDA seeks to better support investments through our continuous engagements and collaborations with private and public sectors towards broadening prosperity for the country. As of July 2020, MIDA has a total of 732 projects with proposed investments of RM35.9 billion in the pipeline for the manufacturing, services and primary sectors.

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About MITI

MITI is the key driver in making Malaysia the preferred destination for quality investments and enhancing the nation’s rising status as a globally competitive trading nation. Its objectives and roles are oriented towards ensuring Malaysia’s rapid economic development and help achieve the country’s stated goal of becoming a developed nation.

About MIDA

For more information, please contact: Ms. Manjit Kaur Balkar Singh

Director, Corporate Communications Division, MIDA

Tel.: 03-2267 3509 | Email: [email protected]

Malaysia’s Economy Is Regaining Its Momentum With Total Approved Investments of RM64.8 Billion in January – June 2020

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Kuala Lumpur, 15 September 2020 – The Malaysian Investment Development Authority (MIDA) kick-started the Automation Project Initiative (API) by hosting 11 participating companies and 20 system integrators at MIDA Sentral. This initiative aims to enable businesses to adopt automation and smart manufacturing technologies in their business processes and operations.

Among the companies in attendance include Continental Resource Sdn. Bhd., Ecava Sdn. Bhd., XTS Technologies Sdn. Bhd., Sky-Tag Robotics Sdn. Bhd., Vepro Group Sdn. Bhd., TXMR Sdn. Bhd., I-Stone Group Berhad, IME Group and Packaging Sales & Service (M) Sdn. Bhd.

In his welcoming remarks, Dato’ Azman Mahmud, the Chief Executive Officer of MIDA, highlighted on how automation is crucial for the sustainability of business operations. He emphasised, “Automation is not an option anymore. Automation of activities can enable businesses to improve performance, by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to increasing productivity. At a time of lackluster productivity growth, this would give a needed boost to economic growth and prosperity.”

“With machines that are now highly adaptable and reprogrammable through artificial intelligence and software; coupled with the rapid developments of Big Data, cloud computing and the Internet of Things, companies need to proactively begin their automation journey,” he added.

The event included a comprehensive presentation from MIDA regarding the various automation and Industry4WRD facilitation offered by the Government. These include the Domestic Investment Strategic Fund (DISF), Industry4WRD Intervention Fund, Automation Capital Allowance and Digital Technology Acceleration Programme (DTAP) that are in place to assist companies in their automation journey.

A total of 318 applications have been approved for the automation capital allowance as of September 2020. Companies that have leveraged on these facilities have experienced tangible benefits of automation. Based on the impact analysis of 245 projects approved as of 31 December 2019, these companies have invested more than RM430 million in automation, machinery and equipment. As a result, companies reported an average of 180 per cent improvement in production volume as well as cost savings from the reduction of over 3,600 unskilled workers.

A pitching session was also held during the event to match participating companies with relevant system integrators and factory automation players. This platform provided both parties with a valuable space to discuss attainable action plans towards achieving their business goals with automation.

“Among of the biggest misconceptions surrounding automation are the high cost of adoption and the scale of undertaking that requires the revamping of the entire production line. In reality, companies can start with simple devices to enable data collection, analytics and gradual enhancements to more sophisticated machinery and equipment that is adaptable to artificial intelligence and other Industry 4.0 technology. Today’s event is a crucial stepping stone for organisations to quantum leap their automation journeys by connecting them with fellow industry players and solution providers. MIDA will do our level best to support and facilitate these automation undertakings to success,” said Dato’ Azman.

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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.myand follow us on Twitter, Instagram and Facebook, LinkedIn and YouTube channel.

For further information, please contact:

Mr. Jeyasigan Narayanan Nair

Director, Machinery and Metals Division

03-2267 6711 | [email protected]

MIDA’s Automation Project Initiatives (API) Enabling More Local Companies to Adopt Automation

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Kuala Lumpur, 9 September 2020 – MEDEF International, the Embassy of Malaysia in Paris in collaboration with the Malaysian Investment Development Authority (MIDA) organised a webinar to update the French business stakeholders with Malaysia’s progress in mitigating the economic impact of COVID-19 to Malaysian industries. The webinar was held at the Ministry of International Trade and Industry (MITI) Tower, Kuala Lumpur on 4 September 2020.

YB Datuk Lim Ban Hong, Deputy Minister of International Trade and Industry (MITI) in his welcoming remarks highlighted “As a trading nation, Malaysia sees great value in engaging with our trading partners through bilateral and regional Free Trade Agreements (FTAs). Malaysia currently has signed 14 FTAs and this places Malaysia as an attractive hub for your ASEAN operations. Last year, France was Malaysia’s 18th largest global trading partner and 3rd largest trading partner among the European Union member states (including the United Kingdom). Seeing the enthusiastic turn out of this webinar, I am glad that French companies continue to have confidence in Malaysia as their preferred investment destination in this region”.

The economic ties between the two countries have flourished over the years due to solid diplomatic foundations laid by respective leaders of each country. This is evident through the increasing number of French companies investing in Malaysia. As of December 2019, a total of 126 manufacturing projects with French participation have been implemented with total investments of RM4.36 billion (USD1.31 billion), creating a total of 10,913 potential employment.

Mr. Arham Abdul Rahman, Deputy Chief Executive Officer (CEO) of MIDA added that “France is one of the important trading partners and source of investments for Malaysia. It has had a long presence in the country’s manufacturing and services sectors. Recognising the French innovative capabilities, we welcome more investments in areas of transport equipment (aerospace), ICT, pharmaceutical, scientific and measuring equipment, electrical and electronics, food, chemical and chemical products as well as machinery and equipment”.

Malaysian Ambassador to France, H.E. Dato’ Dr. Azfar Mohamad Mustafar also joined the live webinar session and delivered his remarks. The session was moderated by Mr. Philippe Gautier, CEO from MEDEF International. In addition, more than 30 participants, of whom, were mostly representatives from French companies operating in France and Southeast Asia region participated actively in the webinar.

H.E Frédéric Laplanche, French Ambassador to Malaysia added in his remarks, “It is a difficult time, globally; however Malaysia has been among the exemplary nation that has managed the pandemic well. With the travel and movement restrictions in place, the French business community is urged to remain hopeful and continue exploring new opportunities in Malaysia. Over the past few years, we have seen an increase of new French investments and expansions in the country, a spectacular trend that continues to date. Through this webinar session, it is encouraging to see Malaysia and France showcasing the same ambitions and fervor to elevate the relation of both nations further. Given Malaysia’s open trade and business-friendly policies, there are potential opportunities for business communities to tap on in this new norm.”

Moving forward, YB Datuk Lim Ban Hong welcomes the proposal by MEDEF International to ink a Memorandum of Understanding (MOU) with MIDA for future collaboration in strengthening the economic relations between France and Malaysia, and in making MIDA the single point of contact for its members to gather information pertaining to Malaysia’s economic development. As the principal investment promotion agency of the country under MITI, MIDA will continue to facilitate local and global businesses and promote Malaysia as the preferred investment destination in the region.

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About MIDA

For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid

Director, Foreign Investment Promotion Division, MIDA

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

Malaysia and France Looking Beyond the Pandemic to Strengthen Economic Relations Through Investment

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Moving Businesses Towards Greater Innovation, Productivity & Efficiency

KUALA LUMPUR, 25 September 2018 –“Malaysia has emerged as one of the global trendsetters in textile and apparel wear. From the streets of Paris to the catwalks of New York, Malaysian designers have had the honour of creating clothing that have been worn by celebrities, members of royalty as well as heads of states. Going forward, we want to see more entrepreneurs adopting higher value-added processes and technologies. We want to build a stronger and more comprehensive ecosystem, one that focuses on talent, skills and innovation,” said Datuk Isham Ishak, Secretary General of the Ministry of International Trade and Industry (MITI) during the Fashion & Design Conference 2018 held at the Malaysian Investment Development Authority (MIDA) today.

Datuk Isham also elaborated that Industry 4.0 technologies such as the Internet of Things (IoT) have impacted both the front end as well as back end of the textile and apparel industry. “The digital transformation will open up opportunities for completely new and efficient business models. This can lead to more innovative and enhanced products, higher productivity and growth. Nonetheless, we understand that it is not easy for a company to transition into this digital era. The shifts within an organisation’s internal structure and operating processes will be challenging, but the transformation is necessary,” Datuk Isham added.

In continuing with the momentum from the Kuala Lumpur Fashion Week (KLFW) 2018, the full day event aims to create more awareness on the availability of new technologies, facilitate exchanges of information and encourage more value added activities towards bringing Malaysia’s fashion and design industry to the next level of development.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA in his opening remarks said, “The textile and apparel industry has been a consistent contributor to the national economy in terms of investments and export earnings. In 2017, the industry was the 11th largest contributor for exports of manufactured goods, amounting to RM15.3 billion. During the same period, MIDA has approved 12 projects with total investments of RM428.8 million, mainly in the production of primary textiles, ready to wear garments, and textile accessories sub-sectors. These projects have generated a total of 1,850 job opportunities including skilled positions such as engineers, quality controllers and highly skilled technicians. I am also pleased to share that many international fashion brands such as Brook Brothers, Armani, Victoria Secret, Marks & Spencer, GAP, Adidas, Nike, Burberry and Ralph Lauren are being made in Malaysia.”

“We believe that many more Malaysian textile and fashion entrepreneurs are capable of becoming international players as we have many talents. Nevertheless, there are many practical steps that are needed in upscaling their businesses. Companies are encouraged to take advantage of the available facilities that MIDA offers such as the matching grant under the Domestic Investment Strategic Fund, Automation Capital Allowance (ACA) incentive to increase their productivity and moreover, quality,” added the MIDA CEO.

This Fashion & Design Conference 2018, which attracted about 300 participants, was organised by MIDA in collaboration with KLFW, Malaysia Design Council (MRM), UniKL, Mimpikita, Kelab Usahawan Artis Tanah Air (KUAT), Ernst & Young, Lewré Bespoke and Malaysia Textile and Apparel Centre (MATAC). It featured a talk titled‘Towards Fashion & Design Technology’ by Mr Jonathan Rees from Ernst & Young; a plenary session on ‘What’s Next’ moderated by Professor Emeritus Dato’ Dr. Ahmad Zainuddin, Chairman of MRM and a business networking session.

In efforts to promote Malaysian products and talents, there was a performance by rising Malaysian artist Ms Irene Catalina and a mini-showcase featuring products by local and multinational corporations such as KUAT, the Federation of Goldsmiths and Jewellers Associations of Malaysia, YaPEIM Gold, Noor Arfa Batik, B.U.M Equipment, Malaysian Textile Manufacturers Association (MTMA), Malaysian Garment Manufacturers Association (MGMA), Malaysian Knitting Manufacturers Association (MKMA), Malaysian Footwear Manufacturers Association (MFMA), Kraftangan Malaysia and MATAC. The showcase was also participated by industry solution providers ranging from full fledge manufacturing solution providers, 3D printing solutions and artificial intelligence. The companies include Siemens, Rockwell, Zul Design, TXMR, T.E.M. Engineering and Robopreneur.

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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 further information, please contact:-

Mdm Najihah Abas

Director, Building Technology & Lifestyle Division

[email protected] | 03-2267 6717

Posted on : 25 September 2018

Malaysian Textile and Fashion Entrepreneurs to Leap to the Next Level

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Encouraging Collaborations and Increasing Business Opportunities

KUALA LUMPUR, 19 September 2018 – Seven (7) Memorandums of Understanding (MoUs) were signed between Malaysian and Taiwanese firms across various fields, namely food, pharmaceuticals, cosmetics, textile, IT services, healthcare and traffic solutions during the Malaysia-Taiwan Industrial Collaboration Summit held at the headquarters of the Malaysian Investment Development Authority (MIDA) today.

Among the MoUs signed include a collaboration between B.U.M. Equipment (Malaysia) and Taiwan’s Wonderful Power Co. Ltd. to develop functional fabric. With the MoU, both companies will not only involve in the exchange of information and market expansion, but will also explore innovative applications in the fashion industry supply chain.

Datuk Norazman Ayob, Deputy Secretary General (Trade) of the Ministry of International Trade and Industry (MITI) who graced the event said that the signing of the 7 MoUs is a good testament that Malaysia has the right conditions in place to attract foreign businesses in many areas. These collaborations can further step up cooperation and exchanges between Malaysia and Taiwan.

“Technology will continue to be the driving force of the changing landscape in businesses. Hence, it is important for our companies to incorporate new ways of doing things to remain competitive. Malaysia seeks to create a strong innovation climate that is driven by collaborations and technology transfers in high value added areas, such as ICT, design and development, and Internet of Things. Having the right incentives in place is also important. As we seek to become a producer country, one that can churn out high-tech products, we believe there is much our domestic players can learn from Taiwanese firms – especially in cultivating an innovation state of mind,” added the Deputy Secretary General (Trade) of MITI.

The full day event featured sub-forums and business matching sessions with focus areas on textile, food, pharmaceutical, cosmetics, smart city solutions and IT services. There was also a sharing session by representatives of YSP Malaysia, Logic Art, Willowglen and Asli Mechanical. Also present was Mr Ching-Ching Yang, Deputy Director General of the Industrial Development Bureau (IDB); Mr Lin Min-Ju, Vice Chairman of the Chinese National Federation of Industries (CNFI); Datuk N. Rajendran, Deputy Chief Executive Officer of MIDA; Dato’ Soh Thian Lai, President of the Federation of Malaysian Manufacturers (FMM); and Ms Anne Hung, representative of Taipei Economic and Cultural Office (TECO) in Malaysia. The event, which was jointly organised by CNFI and FMM, attracted over 300 participants ranging from the Taiwanese and Malaysian business community as well as government representatives.

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About MIDA

For further information, please contact:-

Mr. Nelson Samuel Wilson

Director, Foreign Investment Promotion Division

03-2267 3787 | [email protected]

Posted on : 19 September 2018

7 MoUs Inked at Malaysia-Taiwan Industrial Collaboration Summit

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The present Surat Pengesahan MIDA (SPM) module in JPC online system https://jpc.online.mida.gov.my will no longer be available for the submission of application for SPM1 (Manufacturers), SPM2 (Hotel Operators) and SPM3 (Haulage Operators) effective 26 September 2019 (Thursday) at 2.00 pm.

This SPM module will be replaced/enhanced by the new online application system which is scheduled to go-live on 30 September 2019 via https://investmalaysia.mida.gov.my. In addition, the application for MRO-ST: Aerospace Maintenance, Repair & Overhaul (MRO) will also be available in this new platform (manual application will no longer be accepted).

Therefore, effective 30 September 2019 (Monday) at 9.00 am, companies can submit the following applications using the new system:

– Surat Pengesahan MIDA as a manufacturer in the Principal Customs Area (PCA);

– Surat Pengesahan MIDA as a company engaged in the hotel business;

– Surat Pengesahan MIDA as a haulage operator;

– Surat Pengesahan MIDA as an aerospace maintenance, repair and overhaul (MRO) company.

The user manual for the new online system will be available on 30 September 2019.

Note: Other modules under the JPC online system (applications for import duty and/or sales tax exemption on machinery / equipment / sample materials / prototypes / raw materials/ components) will gradually be incorporated into the new system. Applications for modules other than SPM need to be submitted via JPC online system, until further notice.

Posted on : 25 September 2019

SPM Go-Live

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Bukit Raja, Selangor, 3 September 2019 – “MIDA is excited to see Vinda Group’s commitment to fortify their presence in the region through the establishment of its new SEA Regional Headquarters, leveraging on their multiple growth enablers such as product innovation, human capital, market expansion and sustainability, supported by Malaysia’s vibrant industrial ecosystem,” said Dato’ Azman Mahmud, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) in his speech, which was read by Mr. Mohamad Ismail Abu Bakar, Executive Director of Manufacturing Development (Resource), MIDA during the Official Opening Ceremony of Vinda Group’s Groundbreaking Ceremony for its New Southeast Asia (SEA) Regional Headquarters held at Bukit Raja, Selangor earlier today.

Vinda Group is a leading manufacturer of brandedhygiene products such as baby diapers, incontinence products and feminine protection products in Asia. Its new SEA Regional Headquarters is a commendable mega project by the company where two production sites and three warehouses in Malaysia are consolidated into one modern, state of the art facility in Bukit Raja, Selangor.

“We foresee that Vinda Group’s new Southeast Asia (SEA) Regional Headquarters will be a catalyst in boosting the development of its related products’ industry ecosystem in the country. It will also be able to provide its customers with better access to global markets and greater flexibility in service offerings,” said Dato’ Azman.

Dato’ Azman also commended the efforts undertaken by the Group to harness the potential of Industry 4.0, which is in line with the Government’s Industry4WRD initiative. “This will pave the way for enhanced productivity as well as the creation of high-value jobs that will contribute to Malaysia’s economic prosperity and societal well-being. We hope to see more companies to emulate Vinda Group and raise their bar in terms of best practices and productivity in the near future. This will in turn create better jobs for the country,” he added.

As of June 2019, MIDA has approved a total of 21 sanitary related products with investments worth RM2.3 billion of which RM2.2 billion was from foreign investments while the balance of RM125 million was from domestic sources. Vinda Group’s presence in Malaysia also represents the portfolio of companies with Swedish and Chinese participation, which have been among the top contributors of high value-added investments in Malaysia.

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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 an active 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.

For more information:

Ms. Khamilah Mohd Yusoff

Director, Food Technology & Resource Based Industries Division Malaysian Investment Development Authority (MIDA)

Tel: 03-2267 3651 | Email: [email protected]

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Speech by CEO of MIDA_Vinda Ground Breaking

Posted on : 03 September 2019

Malaysia Welcomes New Southeast Asia (SEA) Regional Headquarters of Vinda Group

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The Malaysian Investment Development Authority (MIDA)is set to be the main partner along side the Italy-ASEAN Association and The European House – Ambrosetti in organising the High-Level Dialogue on ASEAN – Italy Economic Relations 2020 in Kuala Lumpur, June next year. This exclusive dialogue and networking platform will be attended by key stakeholders from the public and private sectors of ASEAN and Italy, to explore opportunities towards generating mutually beneficial outcomes

26 September 2019, Milan, Italy – The Malaysian Investment Development Authority (MIDA)is set to be the main partner along side the Italy-ASEAN Association and The European House – Ambrosetti in organising the High-Level Dialogue on ASEAN – Italy Economic Relations 2020 in Kuala Lumpur, June next year. This exclusive dialogue and networking platform will be attended by key stakeholders from the public and private sectors of ASEAN and Italy, to explore opportunities towards generating mutually beneficial outcomes.

The Italy-ASEAN Association was founded in 2015 to strengthen the relationship among Italy and South East Asia in seizing the reciprocal opportunities for both firms and institutions within the region. The European House – Ambrosetti, is a professional Group founded in 1965 boasting of a world-wide network of over 200 contacts on the highest level in various sectors.

At present, YB Datuk Darell Leiking, Minister of International Trade and Industry is on a working visit to Italy from 24-30 September 2019 to meet potential investors particularly in the aerospace, chemical, automotive and Industry 4.0 related sectors. In conjunction with the working visit, organised by MIDA, YB Datuk Darell met with Mr. Enrico Letta, President of Italy-ASEAN Association and a representative from The European House – Ambrosetti to discuss on the organisation of the Dialogue. His Excellency Dato’ Abdul Malik Melvin Castelino, Ambassador of Malaysia to Italy, and Dato’ Azman Mahmud, CEO of MIDA, were also present at the meeting.

MIDA is pleased that Malaysia has been chosen to be the host country for the High-Level Dialogue on ASEAN – Italy Economic Relations 2020, and is committed to ensure the success of the event. As the main partner, MIDA will provide the necessary assistance and facilitation to support the event and ensure its objective as an effective business networking and investment platform. The esteemed Dialogue is highly regarded in bringing together the brightest visionaries and competent opinion leaders of Italy and ASEAN to discuss innovative and relevant issues within the region.

According to Mr. Letta who is also the former Prime Minister of Italy, the Dialogue will involve more than 100 high-level participants from Italy, creating greater partnership and cooperation between ASEAN countries and Italy. In this borderless economic community, he looks forward to this event fostering good will and spurring synergy in the region by complementing ASEAN’s rapid growth with Italian high-tech capabilities. With the success of the last 3 editions, the 4th edition of the Dialogue in Kuala Lumpur is expected to be even more memorable as it coincides with Visit Malaysia 2020 and Malaysia hosting APEC 2020.

Italy represents the 9th largest investor from the European Union in the Malaysian manufacturing sector. As at 2018, 75 projects with Italian participation amounting to RM1.32 billion (USD354.22 million) have been implemented within the country, creating over 4,500 jobs. Among the portfolio of companies with Italian participation that have set up their operation in Malaysia include ST Microelectronics, AgustaWestland Malaysia (Leonardo), Fassi, TecnimontHQC, Unigra Food Processing Asia Pacific, Galperti Malaysia, Saipem, Vetrya, Coesia and Ansaldo STS.

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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 an active 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.

Mr. Nelson Samuel

Director of Foreign Investment Promotion Division, MIDA

Tel: +603-2267 3783 | Fax: +603-2260 5488

E-mail: [email protected] / [email protected]

Mr. Awangku Fairulnazri Awangku Tajudin

Director of MIDA Italy

Tel: +39 02 8909 382 4 | Fax: +39 02 8909 545 418

E-mail: [email protected]

Posted on : 26 September 2019

MIDA, Main Partner of High-Level Dialogue on ASEAN – Italy Economic Relations 2020, Kuala Lumpur

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