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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.

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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

Posted on : 02 August 2019

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

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Approved Investments in the Manufacturing Sector Reached RM137.9 billion, 1980 – March 2019

16 July 2019, Bayan Lepas, Penang – “The Penang state has consistently been ranked among the top investment destinations in the country over the last five decades. In terms of investment, from 1980 to 2018, MIDA has approved a total of 4,084 manufacturing projects with investments worth RM129.1 billion for Penang. Approved foreign investments in the manufacturing sector totalled RM90.4 billion, accounting for 70 per cent of total investments approved for the State, while domestic investments are the remaining 30 per cent or RM38.7 billion. In the first quarter of this year, Penang recorded another RM8.8 billion of total approved investment in the manufacturing sector, 780% higher compared with RM1.0 billion, approved in the same period last year. Of this, RM8.5 billion were from foreign investments, representing 42.1 per cent of Malaysia’s total approved FDI in the manufacturing sector for the period of January to March 2019. Notable approved manufacturing projects in Penang include projects from Micron Technology and Jabil Circuit,” said Mr. Zabidi Mahbar, Deputy Chief Executive Officer II of the Malaysian Investment Development Authority (MIDA) in his welcoming remarks at the Domestic Investment Seminar in Penang held this morning.

MIDA continues to undertake various activities and programmes to attract more quality investments, including from the domestic players. For example, a dedicated team namely the Investment Coordination Platform (ICP), established by MIDA is able to facilitate companies to expand their businesses and investment portfolio. This unit works closely with equity and corporate advisory firms as well as local regulators and technology providers in assisting companies in conducting business-to-business matching, capital raising exercise through debt & equity, M&A, divestment and initial public listing or IPO.

“For those who may not be aware, MIDA has established the i-incentive portal that provides comprehensive information on all incentives offered by various Ministries and Agencies concerning the manufacturing, services and primary sectors. The portal is very dynamic in nature as it is responsive to announcements of new incentives and assistance schemes offered by the Government, thus allowing the business community to obtain real-time information on the latest available facilities. It currently features 124 incentives schemes that are managed by 12 ministries and 28 government agencies. About 55% of these incentives cater to the services sectors, followed by manufacturing at 33% and the primary sector at 12% as at 30th June 2019. These incentives include tax exemptions, grants, soft loans and other forms of incentives such as equity financing, regional establishment status and training and facilitation programmes. MIDA has also developed a gateway, namely i-Services Portal as an avenue to market the services and solutions of the local service providers, both locally and abroad.” added Mr. Zabidi.

The Domestic Investment Seminar was well attended by over 300 participants from various fields, including manufacturers, service providers and other potential investors. It featured presentations by a broad range of speakers from MIDA, MATRADE, MIDF, EXIM Bank, MPC, Standards Malaysia, and SIRIM.

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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.

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:

Speech by DCEO II of MIDA_Penang Domestic Investment Seminar

Posted on : 16 July 2019

Penang, Among Top Investment Destinations in Malaysia

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“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

7 August 2019, Kuala Lumpur – “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.

The beginning of Selangor as an industrialised state dates back to the late 1970s where significant changes were made to its economic policy with preference given to industrial, housing and recreational development.During the period, both the federal and state government had worked together to formulate policies to push the State towards capital-intensive and high-tech industries.

For Selangor, as of March 2019, a total of 9,097 manufacturing projects with investments of RM218.4 billion were approved by MIDA, creating more than 802,000 employment opportunities. Majority of the employment was in the electrical and electronics (E&E) (196,158) followed by transport equipment (91,752), rubber products (82,055) and machinery and equipment (52,620) industries.

Mr Arham highlighted that the Federal Government, through MITI and MIDA, is continuously intensifying efforts to attract more high level and quality investments through the provision of fiscal and non-fiscal incentives which are available for both foreign and domestic Investors. He, therefore, urged companiesto take advantage of all facilities provided by the government to adopt innovative new technologies and processes to keep up with the trajectory of the broader industry.

The Invest Series event, which was well attended by over 200 participantsfrom various fields, including manufacturers and service providers. Also present were YBhg. Dato’ Hasan Azhari, CEO of Invest Selangor Berhad and Mr Tan Beng Teong, CEO of Selangor Human Resource Development Centre (SHRDC). The event featured a panel discussion with a broad range of speakers representing government agencies such as (Invest Selangor Berhad, Selangor Human Resource Development Centre, Selangor Maritime Gateway), developer (Smart Selangor (M) Sdn. Bhd.) and Government-Linked Corporation (Smart Selangor Delivery Unit).

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About MIDA

For more information, please contact:

Mr Sikh Shamsul Sikh Abdul Majid

Director

Domestic Investment & Supply Chain Division, MIDA

Tel.: 03 2267 3766

Email: [email protected]

Download:

Speech by DCEOI of MIDA_Invest Series-Selangor

Posted on : 07 August 2019

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

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“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

5 August 2019, Kuala Lumpur – “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.

With the theme of ‘Innovation for the Future of Malaysia’, IPBM 2019 is organised by MIDA in collaboration with University Malaysia Perlis (UniMAP) and the Malaysian Technology Development Corporation (MTDC). The event is a platform for technologists, scientists and researchers from universities to promote their inventions, innovations and research outputs to potential investors and industry players.

Dato’ Azman also commended the very fitting theme of IPBM 2019 as Malaysia is now focusing on innovation-driven, technology-oriented and high value-added industries. He further highlighted MIDA’s role in assisting local companies in marketing their R&D services to clients and developing the R&D ecosystem within the country. “We have been encouraging companies to conduct R&D activities since the early 90s through the introduction of various R&D incentives. These incentives include R&D status, R&D Company, Contract R&D Company and In-house R&D. Incentives available are in terms of Investment Tax Allowance (ITA) or Pioneer Status (PS). To spur R&D activities, clients to the companies which have been approved with the R&D Status are eligible to claim double deduction directly to the Inland Revenue Board (IRB) on the payment made for the use of their services,” he said.

Going forward, Dato Azman affirmed that MIDA would continue to step up efforts to drive stronger R&D linkages between the industry, and tertiary and research institutions. “Our focus is not just about the absolute value of investments, but the expansion of the ecosystem as well. By strengthening the innovation ecosystem, we will develop a conducive environment to foster trust among all stakeholders,” he said.

As of March 2019, MIDA has approved 184 R&D projects with total investments of RM2.97 billion. These comprise 77 Contract R&D, 58 In-House R&D, 30 approved R&D companies and 19 R&D Status companies, mainly in industries such as the pharmaceutical, chemical, healthcare, machinery, E&E and automotive. These projects have created over 6,500 high-quality job opportunities, which are mostly in the science and technical fields. Additionally, during the same period, MIDA has awarded six university-linked companies R&D Status, which has qualified their clients to enjoy double-deduction on R&D expenditures.

YBhg. Prof. Ir. Ts. Dr R. Badlishah Ahmad, Vice-Chancellor of Universiti Malaysia Perlis (UniMAP), in his Opening Speech, shared that IPBM 2019 is part of the engagements spearheaded by the university’s Centre for Intellectual Property and Commercialisation (CIPC). This is to facilitate the process of bringing research developments to market, in particular, to foster the transformation of university basic or applied research with a commercial value into commercial goods, in addition to CIPC’s role to administer the Intellectual Property (IP) application process.

“I hope that through IPBM 2019, industry players can explore numerous potential research outputs and innovations that may impact and revolutionise their industries. Moreover, for the researchers, I hope they will gain the ability to do research or inventions that will meet the needs of the industries and societies. In which they can initiate a research-industry collaboration in converting research output into innovation and make the way to market entry,” he said.

The IPBM 2019 was well attended by over 250 participants. The event included Pitching Presentation and Business Matching sessions as well as a Presentation of Letter of Interest for Future Collaboration from Industries.

Investors that conferred Letter of Interest for Future Collaboration to selected research and innovation outputs will proceed with possible collaborations with the universities for production, intellectual property licensing; or for future research that would potentially lead to the creation or advancing existing technologies. The primary research and innovation output categories include digital technology, electronic, and IOT; biotechnology, medical devices, pharmaceuticals and health; chemical, advanced materials and plastics; machinery and equipment; as well as food tech and agriculture technology.

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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.

About UniMAP

UniMAP is one of four public universities in the Malaysian Technical Universities Network (MTUN). Established originally as a university college in 2001, UniMAP was established to fulfil the aspiration of the National Industrialisation Blueprint which is to produce engineers and technologists to support the nation’s growth and development. The university status was awarded to UniMAP in 2007, and from then on, the university has undergone impressive growth, from student numbers to research endeavours, and collaborative efforts with other universities as well as industry partners. These achievements echo the aspiration of the university to be an internationally competitive academic and research institution.

UniMAP currently offers undergraduate programmes that lead to Bachelor of Engineering, Bachelor of Engineering Technology, Bachelor of Business, and Bachelor of New Media degrees. The university also opens its doors for students to study Diploma in Engineering programmes, and taught as well as by-research postgraduate programmes that lead to Masters and PhD degrees.

UniMAP graduates are nurtured to become competent practitioners in their areas of specialization and to have the confidence to explore entrepreneurial possibilities upon graduation. They are expected to not only exhibit excellence in the knowledge and skills that are directly related to their specialised fields of study, but also to demonstrate outstanding proficiency in both communication and ICT skills, as well as possess unsurpassed traits of professionalism and patriotism.

In addition to working towards becoming internationally renowned academically and in the research that it undertakes, UniMAP honours its responsibility in the development of both the local and regional community. These are all deliberated in UniMAP’s current eight-year strategic plan which aims to create within the university a space for the mutualistic growth of the academia, industry, the state and the community.

For more information:

Mr Sikh Shamsul Ibrahim Sikh Abdul Majid

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

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

Mr. Jeyasigan Narayanan Nair

Director, Advanced Technology and Research & Development Division, MIDA

Tel: 03-2267 6711 | Email: [email protected]

Prof. Uda Hashim

Vice Chancellor (Research & Innovation), UniMAP

Email: [email protected]

Download:

Speech By Vice Chancellor of UniMAP_IPBM 2019

Speech by CEO MIDA_IPBM 2019

A. Innovation Pitch & Business Matching (Ipbm 2019) – List Of Products & Categories

Biotechnology, Medical Device, Pharmaceuticals and Health

Chemical, Advanced Material and Plastic

Digital Technology, Electronics and IoTs

Food-Tech and Agriculture Technology

Machinery and Equipment

B. Expression of Interest Form

Download

Posted on : 05 August 2019

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

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“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.

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About MIDA

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

Posted on : 22 August 2019

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

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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]

Download:

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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Accessibility of information at fingertips is vital to assist investors in making well-informed investment decisions. As the Malaysian Investment Development Authority (MIDA) pushes for transparency enhancement and awareness drive on federal government incentives, a single portal to simplify the interactions among the relevant incentives provider towards better management of information was launched last year and is ever ready to benefit more firms

Kuala Lumpur, 2 October 2019 – Accessibility of information at fingertips is vital to assist investors in making well-informed investment decisions. As the Malaysian Investment Development Authority (MIDA) pushes for transparency enhancement and awareness drive on federal government incentives, a single portal to simplify the interactions among the relevant incentives provider towards better management of information was launched last year and is ever ready to benefit more firms.

Namely, i-incentives Portal, the interactive site currently features 126 incentives that are managed by 13 ministries and 29 agencies. These incentives include tax exemptions, grants, soft loans and equity financing.

“We now have over 2,000 registered users of this Portal, and we definitely want to increase the number. We are intensifying our promotional efforts and reaching out to more businesses out there,” said Mr Ahmad Khairuddin Abdul Rahim, Senior Executive Director of MIDA at the i-incentives Seminar on Technology titled Search. Submit. Succeed, held at MIDA headquarters today.

“The i-Incentive portal, developed by the Incentives Coordination and Collaboration Office (ICCO) of MIDA, certainly underscores our unwavering commitment to enhancing the ease of doing business in Malaysia. ICCO seeks to improve the central coordination of all incentive offerings by the federal government and strengthen the effectiveness of the government’s incentives mechanism by increasing transparency, eliminating duplication and linking to performance,” said Mr Ahmad Khairuddin.

The i-incentive Seminar takes on Technology as its theme to encourage participants to embark on technology adoption by familiarising themselves with technology-related incentives that are available in the portal.

The Seminar featured a demo briefing on i-incentives portal, presentations on technology-related incentives by MIDA and participating ministries and agencies from Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC), Malaysian Green Technology Corporation (MGTC), Agensi Inovasi Malaysia (AIM) and Bank Pembangunan Malaysia Berhad (BPMB), followed by a business clinic session.

Moving forward, the i-incentives Seminar is expected to be conducted in a series tackling different scope and theme. Government agencies offering incentives are encouraged to take full advantage of ICCO’s platform and start making their incentives available for access under a single portal at http://incentives.mida.gov.my

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About MIDA

For more information, please contact:

Ms Azrina Hashim

Senior Deputy Director

Incentive Coordination and Collaboration Office, MIDA

Tel.: 03-2267 3454

Email: [email protected]

Download:

Remarks by Senior Executive Director of MIDA

Posted on : 02 October 2019

MIDA i-incentives Portal Features 126 Federal Government Incentives

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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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The Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MoU) with the Investment Promotion Agency Qatar (IPAQ) today to enhance mutual cooperation in generating investment crossflows between the two countries. The signing ceremony was held in conjunction with the 2nd Malaysia-Qatar Joint Trade Committee Meeting (JTC) in Malaysia this week. The partnership includes information exchanges on economic and industrial development as well as the organisation of joint promotional activities such as conferences and seminars that target investors

10 October 2019, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MoU) with the Investment Promotion Agency Qatar (IPAQ) today to enhance mutual cooperation in generating investment crossflows between the two countries. The signing ceremony was held in conjunction with the 2^nd Malaysia-Qatar Joint Trade Committee Meeting (JTC) in Malaysia this week. The partnership includes information exchanges on economic and industrial development as well as the organisation of joint promotional activities such as conferences and seminars that target investors.

“The partnership between MIDA and IPAQ will strengthen the existing business relations between Malaysia and Qatar. Being a diversified economy with its competitive and comparative advantages, Malaysia provides many business opportunities for the Qatari investors to access the wider market in the ASEAN region. We aim to create new opportunities and catalyse business collaborations through a seamless facilitation channel that will contribute positively to the economic growth of the two countries. We look forward to leveraging on IPAQ’s network and resources to provide more rewarding connections for both our business communities. We want to attract more investments from Qatar. The strength of Qatar in service-based activities is very much in line with our current focus on attracting investments in the services sector and making Malaysia a regional hub for foreign investors,” said Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA.

“We are proud that many Malaysian companies such as Gamuda, UEM, Eversendai, Holiday Villa and Malaysia Airports have increasingly enlarged their footprint in Qatar. With the upcoming 2022 FIFA World Cup in Qatar, we trust that there will be more business opportunities that can be explored by Malaysian businessmen there,” added the CEO of MIDA.

According to IPAQ CEO, Shiekh Ali Alwaleed Al-Thani, “The newly formed Investment Promotion Agency of Qatar looks forward to building on this agreement and enhancing cooperation and sharing of best practices. We believe that our strong relationship will enhance and support the expansion of both Malaysian and Qatari investments in our respective countries.”

The JTC is expected to strengthen the bilateral partnership between both countries and to open new horizons of co-operation to promote Malaysia – Qatar trade and investment. The Minister of Commerce and Industry Qatar and the Minister of International Trade and Industry Malaysia co-chaired the meeting.

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For further information, please contact:

Mr. Nelson Samuel

Director, Foreign Investment Promotion, MIDA

Tel: 03-2267 3787 | Email: [email protected]

ABOUT MIDA

ABOUT IPAQ

Investment Promotion Agency Qatar (IPAQ) is Qatari government’s investment promotion arm responsible for promoting the State of Qatar as a preferred location for foreign direct investment, which is line with objectives set out in the Qatar National Vision 2030.

Posted on : 10 October 2019

MIDA Signs MoU with IPAQ To Promote Investments

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The Government has announced enhancements to the Principal Hub (PH) incentive, which was previously introduced in 2015. Companies with existing operations in Malaysia can now further leverage Malaysia as a base for conducting their regional or global businesses. The key functions of principal hub companies include management of risks, decision making, strategic business activities, trading, finance, management and human resource

8 October 2019, Kuala Lumpur –The Government has announced enhancements to the Principal Hub (PH) incentive, which was previously introduced in 2015. Companies with existing operations in Malaysia can now further leverage Malaysia as a base for conducting their regional or global businesses. The key functions of principal hub companies include management of risks, decision making, strategic business activities, trading, finance, management and human resource.

Effective 2019, companies approved with the enhanced Principal Hub incentive, also known as PH 2.0, will be able to enjoy a concessionary 10% tax rate for their operations in Malaysia. This is to replace the previous tax treatment whereby companies with existing Malaysian operations could only enjoy tax exemption on incremental income. New companies that have yet to establish a presence in Malaysia can enjoy up to 0% tax rate for 10 years based on their level of commitments.

This enhancement of the PH tax incentive is timely as Malaysia continues to innovate its policies and strategies to attract investments so that the country will be strongly integrated into the region as well as other markets. The review aims to make Malaysia competitive with other countries in the region as the optimal headquarters hub in Asia Pacific.

The relaxation of certain conditions under this revised incentive will potentially appeal to more homegrown companies exploring expansion opportunities by venturing into new, high value–added services and expanding their supply chain in the region.PH 2.0 excludes the need for companies to serve a minimum number of countries outside Malaysia.Nevertheless, they are required to serve a minimum number of network companies.

The PH incentive has been invaluable in attracting companies to establish their hubs in the country. Multinational corporations are able to tap on Malaysia’s strategic location within the Asia Pacific region, world-class infrastructure as well as multi-lingual talent pool to optimise their operational efficiency. This has created positive spillover effects for the Malaysian economy such as high value jobs, increase in R&D activities as well as transfer of technology and knowledge to the local industry ecosystems.

Since the introduction of the PH incentive in 2015, the Malaysian Investment Development Authority (MIDA) has approved 35 principal hub projects, with total approved investments of RM35.5 billion and potential creation of over 2,700 high value jobs. These projects cut across various key sectors from electrical and electronics (E&E), aerospace, oil and gas, chemicals and information technology.

Additionally, the inclusion of new conditions such as internships, training and collaborations with local institutions will further accelerate the creation of more high-value jobs and talent pool in Malaysia.

Eligible companies are encouraged to submit their applications to MIDA as soon as possible, as only applications received before 31 December 2020 are eligible to be considered for the PH 2.0 incentive. Companies can obtain more information at www.mida.gov.my.

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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. Wahida Abdul Rahman

Director, Business Services & Supply Chain Innovation Division, MIDA

Tel: 03-2267 6622 | Email: [email protected]

Posted on : 08 October 2019

Principal Hub Incentive 2.0: Malaysia’s Headquarters Hub Incentive Enhanced

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In conjunction with the Malaysia Medical Device Expo 2019 (MyMEDEX 2019) the Malaysian Investment Development Authority (MIDA) organised a panel session titled ‘Revolutionising Medical Technology’ at the Malaysian International Trade and Exhibition Centre (MITEC), Kuala Lumpur today

KUALA LUMPUR, 16 October 2019 — In conjunction with the Malaysia Medical Device Expo 2019 (MyMEDEX 2019) the Malaysian Investment Development Authority (MIDA) organised a panel session titled ‘Revolutionising Medical Technology’ at the Malaysian International Trade and Exhibition Centre (MITEC), Kuala Lumpur today.

Mr. Zabidi Mahbar, Deputy Chief Executive Officer of MIDA, who moderated the panel, kicked off the conversation by stressing the importance of MedTech to the Malaysian economy and the need for the industry to capitalise innovation and forge a robust local supply chain to remain a leading player within the sector.

“The Malaysian total healthcare expenditure is estimated to exceed USD20 billion by 2025 with a projected compound annual growth rate of 11% from 2015 to 2020, thus making the medical devices industry as one of the most vital and dynamic sectors in Malaysia. With the ever-increasing technological advancements in the field, manufacturers, especially the local ones, are encouraged to explore emerging and innovative segments to remain competitive and relevant in the future,” said Mr Zabidi.

Joining the conversation were panellists from SWCorp Sdn. Bhd., UWC Holdings,Medical Device Authority (MDA) and Ministry of Health (MOH).

In the first half of 2019, MIDA approved 10 projects in the medical devices industry worth RM501.2 million, 20.4% higher compared with RM416.3 million approved in the same period last year. Of this, RM260.8 million were from foreign investments, representing 52% of the industry’s total approved investments for the period of January to June 2019.

MYMEDEX 2019 is an initiative by MDA supported by MIDA for the second year in a row. It is held to highlight the latest innovative technologies and advances of global medical devices. The event offers a unique opportunity for all stakeholders to immerse in an insightful one-stop centre for medical devices solutions.

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About MIDA

For more information, please contact:

Puan Balkish Mohd Yasin

Director, Life Sciences & Medical Technology Division, MIDA

03-2267 3458

[email protected]

Posted on : 16 October 2019

Sustaining MedTech Revolution through Innovation and a Strong Local Supply Chain

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The Malaysian Investment Development Authority (MIDA) in collaboration with Bursa Malaysia Berhad, organised a forum on the listing opportunities on Bursa Malaysia, today. Themed ‘Unlock Your Business Potential through Listing’, held at MIDA headquarters at Kuala Lumpur Sentral aimed to provide participants better understanding of the processes and procedures involved in a listing exercise as well as information on the benefits of the equity market

KUALA LUMPUR, 13 November 2019 – The Malaysian Investment Development Authority (MIDA) in collaboration with Bursa Malaysia Berhad, organised a forum on the listing opportunities on Bursa Malaysia, today. Themed ‘Unlock Your Business Potential through Listing’, held at MIDA headquarters at Kuala Lumpur Sentral aimed to provide participants better understanding of the processes and procedures involved in a listing exercise as well as information on the benefits of the equity market.

YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI), in his speech highlighted, “This forum is an excellent opportunity for businesses with global ambitions to gain valuable insights on the benefits, requirements and processes involved in the listing exercise. In line with the Government’s Shared Prosperity Vision (SPV) 2030 that seeks to boost SMEs contribution to the GDP from the present 38% to 50% by 2030, it is crucial that SMEs are equipped with the necessary knowledge and take advantage on the opportunity to access equity markets to unlock their true business potential.”

“Listing a company in Bursa Malaysia is not just about selling stocks. Besides facilitating fund raising to expand business activities, the listing will also elevate the status of the companies. It is also a testament to the success and long term viability of the business. The process of being listed could be seen as complex and time consuming but with the professional advice and facilitation provided through the Forum, we hope that everyone will have better understanding and knowledge from this event,” added YB Dr. Ong Kian Ming.

Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA said that the Forum is part of MIDA’s ongoing initiatives to facilitate companies that plan to expand their businesses and attract investments, “The dedicated Investment Coordination Platform (ICP) unit in MIDA has assisted more than 200 companies in the manufacturing, services and primary sectors, in conducting business-to-business (B2B) matching as well as capital raising through debt and equity, Mergers and Acquisition (M&A), divestments and IPO.”

Datuk Muhamad Umar Swift, CEO of Bursa Malaysia said “Taking your companies public is more than just giving you access and opportunity to raise capital. Being listed will also instil the necessary discipline to adopt frameworks that will have a positive effect on the company. Bursa Malaysia will continue to play an active role to develop initiatives to improve the ecosystem and broaden access to investors. I encourage companies to talk to our IPO Marketing team for a free consultation and guidance on the listing process. Given the vital role SMEs play in the growth of the economy, we would also like to commend the government’s efforts in Budget 2020 to make listings on the ACE and LEAP Markets more affordable to help SMEs raise capital through the capital market.”

During the event, the Industrial Park Directory of Malaysia was also launched. The publication was the undertaken in conjunction with the series of Industrial Park Forums organised by MIDA and the Federation of Malaysian Manufacturers (FMM) throughout the country last year. This is in line with the Government’s priority to facilitate quality investments to support domestic companies through strategic public-private partnerships.

The Forum was well attended by 200 participants with a line-up of prominent speakers from the investment, financial and industrial segments. The two panel discussion sessions during the forum were entitled ‘Driving Growth via the Capital Market’ and ‘Bridging the Listing Gap through Pre – IPO’. There were also presentations on topics covering market outlook, overview of the listing marketplace on Bursa Malaysia as well as the overview of MIDA’s investment facilitation.

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For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid

Director, Domestic Investment & Supply Chain Coordination Division

03-2267 6633 | [email protected]

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. 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 and Facebook.

Download:

Welcome Remark CEO MIDA Listing on Bursa

Welcome Remarks by CEO of Bursa Listing on Bursa

Keynote Address by YBDM MITI Listing on Bursa

Posted on : 13 November 2019

Malaysian Companies to Attract Investment and Unlock Growth Opportunities by Listing on Bursa Malaysia

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YB Datuk Darell Leiking, Minister of International Trade and Industry, launched the establishment of the Federation of Malaysian Fashion, Textiles & Apparels (FMFTA), at an event themed ‘Fashion and Technology Shaping the Future’ at the Malaysian Investment Development Authority (MIDA) headquarters today. Dato’ Sri Tan Thian Poh has been elected as the Chairman of FMFTA Pro-tem Committee. The launching was attended by over 200 participants, including industry experts, professionals, designers as well as representatives of associations to commemorate this commendable milestone in the industry. The event also included a talk on ‘Fashion-Tech Shaping the Future’, followed by a Fashion-Tech Showcase

29 October 2019, Kuala Lumpur – YB Datuk Darell Leiking, Minister of International Trade and Industry, launched the establishment of the Federation of Malaysian Fashion, Textiles & Apparels (FMFTA), at an event themed ‘Fashion and Technology Shaping the Future’ at the Malaysian Investment Development Authority (MIDA) headquarters today. Dato’ Sri Tan Thian Poh has been elected as the Chairman of FMFTA Pro-tem Committee. The launching was attended by over 200 participants, including industry experts, professionals, designers as well as representatives of associations to commemorate this commendable milestone in the industry. The event also included a talk on ‘Fashion-Tech Shaping the Future’, followed by a Fashion-Tech Showcase.

MITI mooted the idea to unite all associations in Malaysia’s textiles and apparels industry under one umbrella last year. According to YB MITI Minister, “FMFTA will represent the collective and cohesive voice of the local textiles and apparels industry. This Federation will play an essential role in establishing the vital linkages to build a stronger comprehensive ecosystem with participation from multiple stakeholders, focusing on talent, skills and innovation. This is a crucial stepping stone to develop and enhance the coordination and promotion of the local industry, boosting domestic consumption and improving integration of stakeholders into the global value chain.”

YB Datuk Darell also launched the Handbook of Malaysian Designers in Fashion, Textiles and Apparels produced by MIDA and partners during the event. The Handbook, which consists of over 400 designers in the country, will be a useful reference material for stakeholders to seek information and opportunities as well as a medium to promote products and services to both domestic and international business communities.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said, “The Malaysian fashion retail industry is very dynamic, in line with the changing trends and evolving consumer demands. Looking at the upstream and downstream segments of the industry, a total of 1,195 textiles and apparels projects, worth RM12.6 billion have been successfully implemented within the country, as at December 2018. These projects have created over 155,000 job opportunities. For the first half of 2019, MIDA has approved an additional investment of RM94.4 million in 5 projects. Looking forward, the industry has ample room to grow and flourish.”

“The Government understands that moving up the value chain would require financial resources that might not be readily accessible to many local stakeholders. Therefore, various initiatives such as Pioneer Status, Investment Tax Allowance, Automation Capital Allowance and grants such as the Domestic Investment Strategic Fund (DISF) and Digital Transformation Acceleration Programme (DTAP) are provided to facilitate eligible companies to grow their businesses,” added Dato’ Azman.

The Government also provides facilities such as the Capital Allowance for ICT Equipment and Software, Bank Pembangunan Malaysia Berhad (BPMP)’s Industry Digitalisation Transformation Fund and MIDF’s Soft Loan Scheme for Automation and Modernisation (SLSAM) to assist companies in their digitalisation and automation journey. More recently, the Budget 2020 provides matching grants for intelligent automation of business processes. An allocation of incentives on patents and copyrights software for R&D activities undertaken within Malaysia is also provided under Budget 2020. This is to encourage industry players, including the Malaysian textiles and apparel companies to undertake higher value-added activities and to step up to the next level of development.

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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. 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 and Facebook.

About the event

The launching of FMFTA was organised by MIDA in partnership with the Malaysia Textile Manufacturers Association (MTMA), Malaysian Textile and Apparel Centre (MATAC), the Embassy of Sweden, Raffles College, UBCT, GGS System and Serba Dinamik Solution.

The Handbook of Malaysian Designers in Fashion, Textiles and Apparels is a compilation of over 400 local designers in the country, led by MIDA, in cooperation with Majlis Rekabentuk Malaysia (MDC), Kuala Lumpur Fashion Week (KLFW), Malaysian Footwear Manufacturers’ Association (MFMA), Malaysian Official Designers’ Association (MODA), Kraftangan Malaysia, Bumiputra Designers Association (BDA), P.W. Gold & Silver Ornament Merchants Association (PWGS), Majlis Amanah Rakyat (MARA), Perbadanan Kemajuan Kraftangan Malaysia and Bill Keith Asian Designers Guild (ADG).

For more information

Ms. Najihah Abas, Director, Building Technology & Lifestyle Division, MIDA

Tel.: 03- 2267 6717| Email: [email protected]

Posted on : 29 October 2019

Minister of MITI Launches the Federation of Malaysian Fashion, Textiles & Apparels (FMFTA) at MIDA Headquarters

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The Malaysian Investment Development Authority (MIDA) is partnering with the Industrial Technology Research Institute (ITRI), Taiwan’s largest and one of the world’s leading high-tech applied research institutions, in organising the Technology Talk and Smart Collaboration event at MIDA headquarters today. The event, which aims to further promote economic cooperation in trade, investments and Small & Medium Enterprise development, particularly in the fields of Smart Manufacturing, Industry 4.0, Internet of Things and Circular Economy, was well attended by 150 participants

Kuala Lumpur, 21 November 2019 – The Malaysian Investment Development Authority (MIDA) is partnering with the Industrial Technology Research Institute (ITRI), Taiwan’s largest and one of the world’s leading high-tech applied research institutions, in organising the Technology Talk and Smart Collaboration event at MIDA headquarters today. The event, which aims to further promote economic cooperation in trade, investments and Small & Medium Enterprise development, particularly in the fields of Smart Manufacturing, Industry 4.0, Internet of Things and Circular Economy, was well attended by 150 participants.

Speaking at the event, Mr. Ahmad Khairuddin Abdul Rahim, Senior Executive Director of MIDA said, “Today’s effort is another step in the right direction towards preparing Malaysia to become an innovation-driven economy that will lead the country to achieve R&D intensity and GERD of at least 2.0% by 2020. Malaysia requires not only strong investments in R&D, innovation and commercialisation by its industry partners, but also successful partnerships with the research institutes. Over the years, MIDA has been intensifying its efforts to build stronger R&D linkages between the industry, academia and research institutions.”

As of 2018, MIDA approved a total of 184 R&D projects with investments worth RM2.97 billion. These comprise of 77 Contract R&D, 58 In-House R&D, 30 approved R&D companies and 19 R&D Status companies. They are mainly in pharmaceutical, chemical, healthcare, machinery, E&E, automotive, energy, medical devices, palm oil and food production industries. These projects have created over 6,500 job opportunities which are mostly in the science and technical fields.

“Companies in the manufacturing sector, especially SMEs, need to identify what are their shortcomings in terms of Industry 4.0 readiness and ways to scale up. We want them to understand their business and determine the best business model that is relevant to them in the most cost-effective way. So, to all companies that are embarking on the automation journey, please reach out to MIDA, as we offer various forms of facilitation for industry players to remain competitive,” added Mr. Ahmad Khairuddin.

MIDA and ITRI signed a Memorandum of Understanding (MoU) on 7 May 2018 to have cooperation, among others, in facilitating joint projects; undertaking applied research, training and attachment programs; exchanging technical information and expertise in industrial technology. Following the MoU, MIDA organised two technology sharing sessions at its headquarters in 2018 and a working visit to ITRI in July this year.

ITRI has played a vital role in transforming Taiwan’s industries from ones that are labour-intensive to ones that are innovation-driven. It focuses on the fields of Smart Living, Quality Health and Sustainable Environment. On today’s event, ITRI shared the on-going developments and future trend in Taiwan as well as its experience on Smart Manufacturing and Industry 4.0 implementation, particularly in sensor technology, automatic optical inspection and smart agriculture.

The event also featured a sharing session by SIRIM Berhad, Technology Park Malaysia (TPM), MIMOS Berhad, Malaysian Technology Development Corporation Sdn. Bhd. (MTDC) and Inari Amertron Berhad on their perspective on Smart Manufacturing and Industry 4.0 initiatives including their call for Smart Collaborations with Industry Players.

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About MIDA

For more information, please contact:

Mr Norhizam Ibrahim

Director, Advanced Technology and Research & Development, MIDA

03-2267 3468

[email protected]

Download:

Welcoming Remarks by SED of MIDA Tech Talk & Smart Collab with ITRI

Posted on : 21 November 2019

MIDA Partners with Taiwan’s Largest Research Institutions to Drive R&D and Industry 4.0 Agenda

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The Malaysian Investment Development Authority (MIDA) in collaboration with Intel Malaysia organised the IoT Malaysia 2019 forum for the third consecutive year. The event is to promote the adoption of Internet of Things (IoT) solutions in the country. Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA, officially launched the forum, which was well attended by over 300 participants from various industry sectors

Kuala Lumpur, 20 November 2019 – The Malaysian Investment Development Authority (MIDA) in collaboration with Intel Malaysia organised the IoT Malaysia 2019 forum for the third consecutive year. The event is to promote the adoption of Internet of Things (IoT) solutions in the country. Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA, officially launched the forum, which was well attended by over 300 participants from various industry sectors earlier today.

“Forums, seminars and conferences like IoT Malaysia 2019 are instrumental in creating awareness among SMEs and start-up technopreneurs to explore the adoption and implementation of IoT, as a means to add value to their products and services. Ultimately, increasing their productivity and efficiency towards scaling up their businesses,”said Dato’ Abdul Majid commending this public-private collaborative effort.

“The E&E industry in Malaysia reflects the backbone of the Malaysian economy. We hope that by increasing the capacity and capability of Malaysian firms, start-ups, universities, and research institutes in technology areas such as IoT, Malaysia will emerge as a hub for high value and innovative technology commercialisation. This is to be achieved not only by improving industrial productivity but also increasing efficiency and reducing costs of local businesses. Local firms, especially SMEs, are urged to embrace and diversify into new fields,” added MIDA Chairman.

Mr. Eric Chan, Vice President of Intel IoT Group, said, “IoT Malaysia forum has become one of the most effective ways for us to join forces with MIDA and various government agencies to provide business networking, technology and knowledge sharing, bridging the regional expertise and local expertise. With the strong support from MIDA and other agencies, this forum has been very successful in building regional ecosystems for Malaysian players, and that is the very reason we keep going year after year.”

The Government continues to attract new quality investments from foreign investors and encourage existing foreign MNCs to move up the value chain. The Budget 2020 announced an allocation of customised investment package incentives up to RM1 billion annually over five years for targeted Fortune 500 and global unicorns in high technology, manufacturing, creative and new economy sectors. There is also an allocation for special incentives to further promote high value-added activities in the E&E industry to assist companies in transitioning into 5G digital economy and Industry 4.0.

“Through these facilities, MNCs can assume a strong role to support local companies and SMEs to grow. If MNCs can give SMEs a helping hand, just like what Intel is doing today, local companies and SMEs can leverage on the established IoT platforms of these MNCs. Local players will be able to step up to fill up the gaps in the IoT ecosystem by providing supporting technologies and services required,” said Dato’ Abdul Majid Ahmad Khan.

As of December 2018, over 4,000 E&E projects of investments worth RM204.9 billion have been implemented within the country. These projects have contributed to over 786,000 jobs. Additionally, MIDA has approved 48 E&E projects of investments over RM16.4 billion during the first half of 2019.

The full-day event featured real-life implementation of Industry 4.0 technology through live demo showcased by 20 technology partners of Intel such as Adlink, Advantech, IEI, Dell, HPE and Elliance. The topics covered include Artificial Intelligence (AI), Smart City, Energy and Manufacture Industry.

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For more information, please contact:

Ms Azlina Hamdan

Director, Electrical & Electronics Division

Tel: 03-2267 3791 I Email: [email protected]

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. 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 and Facebook.

Download:

Speech by Chairman of MIDA IoT Malaysia 2019

Posted on : 20 November 2019

MIDA, Intel Organise IoT Malaysia 2019

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93,841 Additional Jobs for the Rakyat, High Demand for Skilled Talents

Kuala Lumpur, 29 November 2019 – “Malaysia has become more selective in its investment agenda, attracting quality investments in targeted ecosystems that are projected to have significant knock-on effects throughout the domestic economy. For the first nine months of 2019, the country 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 opportunities,” announced YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).

The majority of the investments came from domestic sources, which contributed RM82.7 billion or 55.5% of the total investments. Foreign direct investments (FDI) represented 44.5% or RM66.3 billion. Total approved FDI in these three main sectors increased by 6.5% to RM66.3 billion in January-September 2019 from RM62.2 billion in the same period last year.

Services Sector

The services sector attracted RM85 billion in 3,299 approved projects compared with RM74.9 billion in 2,931 projects recorded in the corresponding period last year. These projects are poised to generate over 38,800 employment opportunities. Of the total, 72% or RM61.2 billion were from domestic sources and the balance 28% or RM23.8 billion were foreign investments. Foreign investments in the sector displayed a significant increase of 160.2% during this period.

The bulk of approved investments in the services sector were from the real estate subsector with RM29.7 billion, followed by utilities with RM19.2 billion, global establishments (RM11.7 billion) and distributive trade (RM11.7 billion).

The approved investments for global establishments saw an increase of 185.7% in the first nine months of 2019. MIDA approved 126 projects proposing to make Malaysia the Principal Hubs, regional offices or representative offices. These activities are expected to create job opportunities for 884 knowledge-based or highly technical skilled workers. These projects will also position Malaysia on course for greater integration into the global supply chain.

A notable FDI project that was approved during this period is an investment by Integrated Device Technology (Malaysia) Sdn. Bhd. that has evolved its presence in Pulau Pinang since 1988 through the expansion of their global operations hub to complement their supply chain management activities. “With a commitment to invest RM11.4 billion for five years, starting from YA2022, and another RM11.4 billion from YA2027, this Principal Hub will manage and support the company’s businesses globally. This includes intellectual property management, research, development and innovation, and the setting up of an advance ‘Automotive Technology Centre’ to produce automotive sensors on chips in Malaysia. These activities will provide business opportunities for the locals and strengthen Malaysia’s electrical and electronics (E&E) ecosystem,” said YB Minister Datuk Darell.

Manufacturing Sector

A total of 671 manufacturing projects worth RM57.7 billion were approved in the first nine months of 2019 compared with 467 projects with investments of RM57.5 billion in January-September 2018. Domestic investments recorded RM18.5 billion or 32.1%, a rise of 81.7% from RM10.2 billion in the same period last year.

One of the significant domestic investments approved was from a Malaysian majority-owned company, Perusahaan Automobil Nasional Berhad (PROTON) for an expansion project to manufacture and assemble energy efficient vehicle (EEV) and related equipment. The project, with investments of RM2.6 billion, will be undertaken in Tanjung Malim, Perak.

Foreign investments contributed RM39.2 billion or 67.9% of total approved investments in the manufacturing sector. The United States of America (USA) accounted for the RM12.2 billion or 31.1% of total foreign investments in the manufacturing sector, followed by China (17.3%), Taiwan (13.0%), Singapore (11.5%) and Japan (8.9%).

Notable foreign investments include a new manufacturing project from Smith+Nephew Incorporated, a United Kingdom based company, which will be setting up its facility in Batu Kawan Industrial Park, Pulau Pinang to produce implants for orthopaedic surgery for knees and hips. Mr. Mark Gladwell, President of Global Operations at Smith+Nephew Incorporated, in the recent announcement of the project said, “Investing in Malaysia gives us a new presence close to our highest growth markets and enables Smith+Nephew to be part of a growing medical device centre of excellence.” Currently, Malaysia is home to over 200 industry manufacturers, including multinational companies and world-class supporting companies; putting the country on track to become the next global medical device manufacturing hub.

The approved manufacturing projects in January-September 2019 will create over 54,000 employment opportunities for the country. The jobs created include 2,319 electrical and electronics engineers, 1,500 mechanical engineers and 431 chemical engineers. In addition, the projects will also require about 5,647 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

According to YB Datuk Darell, “MITI is intensifying its efforts to create more skilled jobs for Malaysians. One of the efforts undertaken is the Apprenticeship Programme introduced by MIDA to address the shortage of technical skills. The Programme is a trilateral partnership between MIDA, the Federation of Malaysian Manufacturers (FMM) and the Ministry of Education (MOE). This is a two-year initiative where 16-year-old students are placed at a vocational college for six months to undergo academic and vocational courses and another six months of practical training in participating companies for two consecutive years. Under the National Dual Apprentice System (NDAS), Human Resource Development Fund (HRDF) bears the course fees of up to RM10,000 per student. The participating companies are allowed to utilise its HRDF contribution to pay for the difference.”

Selangor registered the highest recipient of approved investments in the manufacturing sector amounting to RM16.4 billion, followed by Pulau Pinang (RM13.2 billion), Kedah (RM7.8 billion), Johor (RM7.7 billion) and Perak (RM4.8 billion). Collectively, these five states contributed 86.7% or RM50 billion from the total approved investment in the sector. These projects will provide more than 47,000 job opportunities to these states.

Primary Sector

The primary sector contributed RM6.3 billion or 4.2% of the total approved investments in January- September 2019. The mining subsector continued to lead with approved investments of RM5.9 billion, followed by plantation and commodities with RM275.2 million and agriculture with RM135.1 million. Foreign investments dominated the approved investments for the sector, totalling RM3.3 billion while domestic sources contributed RM3 billion.

Conclusion

“Malaysia is true to its ambition to become a preferred investment destination for innovation-based, knowledge-intensive investments within high-growth, high-value sectors. Despite ongoing trade tensions pointing to slower growth, we will stick to the course and continue attracting strategic partners to invest in Malaysia. This will generate more spillover impact on the economy through the growth of the local supply chain ecosystems and improvement of the Malaysian workforce,” said YB Datuk Darell.

As of September 2019, the Malaysian Investment Development Authority (MIDA) is actively negotiating 682 projects with proposed investments of RM37.6 billion.These include 242 projects within the manufacturing sector (RM26.6 billion) and 440 projects in the services sector (RM11.0 billion).

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For more information, please contact:

Ms. Zalina Zainol

Director, Corporate Communications Division

03-2263 2437| [email protected]

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. 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 and Facebook.

Posted on : 29 November 2019

Approved Investments Totalled RM149 Billion in Jan–Sept 2019

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The Malaysian Investment Development Authority (MIDA) and the Association of Malaysian Medical Industries (AMMI) today released the AMMI Medical Device Industry Status and Outlook Report 2019/2020. The Report highlighted that AMMI members collectively sourced RM4.2 billion of raw materials and services from local suppliers and small and medium-sized enterprises (SMEs) within the country. This reflects AMMI’s commitment in supporting government initiatives to develop vendor development programs and local SMEs

5 December 2019, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) and the Association of Malaysian Medical Industries (AMMI) today released the AMMI Medical Device Industry Status and Outlook Report 2019/2020. The Report highlighted that AMMI members collectively sourced RM4.2 billion of raw materials and services from local suppliers and small and medium-sized enterprises (SMEs) within the country. This reflects AMMI’s commitment in supporting government initiatives to develop vendor development programs and local SMEs.

At a time where the global economic outlook is unfavourable amidst new trade challenges, the future outlook for Malaysia’s medical device industry remains very positive, with the majority of AMMI respondents bullish about their business prospects in 2020 and the years to come. AMMI survey respondents plan to invest a collective amount of RM765 million in plant expansion, new product development and R&D in 2020.

Global exports of medical devices from Malaysia rose by a healthy 15% from RM19.8 billion in 2017 to RM22.9 billion in 2018. Significantly, AMMI members collectively accounted for over 55% of the export value. According to AMMI’s analysis, the export of medical devices from Malaysia will likely achieve RM25.7 billion in 2019 and RM28.8 billion in 2020, based on the projected 12% year-on-year growth.

In 2018, the total value of cumulative investments by AMMI members totalled RM7.8 billion, nearly doubling 2014’s total of RM4.3 billion. Based on AMMI’s analysis, the value of cumulative investments reported by AMMI members grew at an impressive CAGR of 16.4% between 2014 and 2018. AMMI members doubled their R&D spending from RM58 million in 2017 to RM115 million in 2018. R&D personnel also increased significantly, growing 33% from 348 in 2017 to 462 personnel. AMMI members collectively employed a 36,249 strong workforce in 2018. This is a growth of 12% compared to 2017. This upward trend indicates AMMI members’ confidence in the value and strengths of Malaysia as a hub for medical device manufacturing, as well as their commitment to growing and evolving in tandem with the industry.

In commending AMMI’s latest industry report, Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “Malaysia continues to evolve as a manufacturing hub for medical devices in Asia. The medical devices industry manufactures higher value-added and technologically-advanced products such as cardiac pacemakers, stents, orthopedic implantable devices, electro-medical, therapeutic and monitoring devices is expected to have a positive impact on the Malaysian economy. As of 2018, 382 medical devices projects with investments worth RM18.4 billion have been implemented in Malaysia, creating more than 71,000 jobs for the country. In addition, MIDA has approved 21 projects in the medical devices industry worth RM2.12 billion from January – September of 2019.”

“To remain competitive and relevant in the global medical devices industry, local companies, in particular, are encouraged to prioritise productivity, accelerate automation and innovation, undertake more R&D, and implement best practices. Initiatives such as forming strategic alliances with MNCs, universities, and research institutions will help to further this agenda,” added Dato’ Azman.

AMMI Chairman, Mr Christophe Marque noted that “AMMI is striving to be the catalyst among industry players: device manufacturers, services providers and connected stakeholders. AMMI members will achieve manufacturing excellence by focusing on key matters and spurring exchanges of insightful knowledge. As iron sharpens iron, collectively AMMI members are shaping the landscape of Malaysia medical industry.”

The Report which is based on a survey completed by 42 AMMI members, constituting a 57% response rate. The respondents are major players that represent over 80% of the business volume. The report contains a comprehensive analysis of export overview, sourcing of raw materials and components, growth in cumulative investments and challenges faced by the industry as well as the medical device industry’s outlook for 2020.

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About AMMI

Formed in 1989, the Association of Malaysian Medical Industries (AMMI), represents leading medical device manufacturing companies in the medical technology industry in Malaysia. AMMI currently has 74 member companies and collectively, they account for more than half of the total export revenue for “Made-in-Malaysia” medical devices.

AMMI members share a common commitment to quality and are reputable international and local firms that strictly adhere to the quality management system codes laid down by governmental agencies. AMMI companies continue to be the growth base of the medical device industry in Malaysia and consist of three main types of industry players: manufacturers; suppliers of raw materials and services to the medical devices manufacturing companies; and importers and exporters of medical devices, all of whom employ a sizable workforce in their production facilities.

Press contact:

Association of Malaysian Medical Industries

Email : [email protected]

Ms. Melissa Khoo (Head of Marketing & Communications)

Tel : 016 4224 818

Mr. Ching Choon Siong (Executive Director)

Tel : 012 4766 558

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

For more information, please contact:

Puan Balkish Mohd Yasin,

Director of Life Sciences & Medical Technology Division, MIDA

Tel: 03-22673458

Email: [email protected]

Posted on : 05 December 2019

AMMI Members Will Invest a Collective Amount of Rm765 Million in Plant Expansion, New Product Development and R&D In 2020

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Ministry Aims to Champion Culture of Climate Action

17 December 2019, Kuala Lumpur – The Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) recently shared the stellar track record of the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) following its landmark tenth year, solidifying its position as the region’s most powerful green technology, business and innovation platform.

In the span of a decade, IGEM has cumulatively generated close to RM30 billion in business leads. Of this total, IGEM 2019 contributed RM5.98 billion. This investment leads include RM5.8 billion potential investments from 82 projects recorded throughout the Malaysian Investment Development Authority (MIDA)’s participation and RM180 million potential export throughout the Malaysia External Trade Development Corporation (MATRADE)’s International Sourcing Program (INSP) during IGEM 2019.

Additionally, over the ten editions, IGEM has featured 2,720 exhibitors and 490,000 visitors from 60 countries, hosted dozens of networking sessions, conferences and agreements alongside crucial sustainability announcements, paving way for a culture of climate action.

Yang Berhormat Puan Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change said, “A decade of IGEM has delivered tangible economic progress and the collective efforts by all parties involved is truly commendable. Specifically, IGEM 2019 surpassed all targets notwithstanding the softening global economic scenario, which demonstrates the continuing promise of the green economy.”

“I am confident this recurring success will encourage greater participation from industries, corporations and the general public. As we journey into 2020, I urge you all to join our collective efforts in instilling a culture of climate action to energise sustainability and to energise our future,” she concluded.

Themed Energising Sustainability, IGEM 2020 will encourage exhibitors and participants to showcase their commitment to balance socio-economic progress with environmental concerns to collectively ensure a secure and sustainable future. Answering the call for climate action, an unprecedented 61 organisations have already pledged their participation in IGEM 2020.

Targeting RM3.4 billion in business leads, 420 exhibitors and 42,000 visitors from 42 countries next year, long-term partners of IGEM including strategic partner, MIDA and business-matching partner, MATRADE will also be returning to organise the much in demand business networking and investment sessions.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “Being the strategic partner for IGEM since 2010, MIDA has assumed as integral role in facilitating a more sustainable investment environment, particularly through the business consultation sessions that we organised. MIDA met with over 140 companies and organisations during the event, providing pertinent information updates on government policies, incentives, facilities and support services available for local and foreign investors.”

“MIDA wishes to inform that in the first nine months of 2019, we have approved 374 green related projects worth RM2.86 billion. These investments will create over 750 job opportunities across the country in areas such as energy generation, energy conservation, green building and waste management. As of November 2019, MIDA has received 10 green related applications with investments of RM76.2 million subsequent to interests expressed at IGEM 2019 and we expect more applications to be received in 2020,” he added.

IGEM 2020 will be co-organised by the Malaysian Green Technology Corporation (GreenTech Malaysia) which was recently repurposed as the Malaysian Green Technology and Climate Change Centre, with an expanded portfolio that will include strategising climate-resilience actions, leading inter-ministerial collaborations, encouraging uptake of green technology innovations across industries and raising awareness among the general public.

Shamsul Bahar Mohd Nor, Chief Executive Officer of GreenTech Malaysia said, “Given our new extended scope, GreenTech Malaysia will assume a more active role in driving the country’s green agenda and sustainable development, which will undoubtedly be reflected in all the initiatives leading up to IGEM 2020.”

“We will be co-organising IGEM for the 11^th consecutive year and aim to encourage a culture of climate action by bringing together thought leaders and showcasing innovative environmental technologies from all around the world while creating promising opportunities for green trade,” he concluded.

IGEM 2020 will be returning to the Kuala Lumpur Convention Centre from 7^th to 9^th October 2020. For further details, please visit www.igem.my.

About Malaysian Green Technology Corporation (GreenTech Malaysia)

Malaysian Green Technology Corporation (GreenTech Malaysia) is a government agency under the purview of MESTECC as the leading organisation in spearheading green technology for green growth & sustainability in Malaysia in line with the Green Technology Master Plan (GTMP 2017-2030).

About Malaysian Investment Development Authority (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. 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 and Facebook.

For more information, please contact:

MIDA

Ms. Wan Hashimah Wan Salleh

Director, Green Technology Division

Email: [email protected]

Telephone: 03 – 2267 3540

For media enquiries, please contact:

Chimera Brand Relations

Abiramy Chelvam

Email: [email protected]

Mobile: 017 – 276 3841

Mistika Idris

Email: [email protected]

Mobile: 012-382 1724

Posted on : 17 December 2019

MESTECC Announces IGEM’s Cumulative Results of RM30 Billion

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