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Launches Enhanced JPC Online Application Module

Kuala Lumpur, 22 July 2020 – The Malaysian Investment Development Authority (MIDA) has updated the online module for customs duties exemption applications or better known as JPC Online Application Module, which will be launched on 24 July 2020 at 9.00 am. Companies will be able to submit their new, extension, additional quantity, amendment and appeal applications for import duty and/or sales tax exemption on raw materials/components for activities in the manufacturing sector as well as import duty and/or sales tax exemption on machinery/equipment for selected activities in the agriculture and services sectors, online.

“Businesses need to make bold moves forward with technology to stay competitive. At MIDA, we are also keeping up with the agile ways of working by providing more digital services to assist our stakeholders in real-time. The enhanced JPC Online Application Module is part of MIDA’s digital transformation initiative or Enterprise Transformation System (e-TRANS) to re-engineer our business processes to raise the efficiency of the various functions of the organisation. This module will also be integrated and accessible by related Ministries and Agencies to ensure a seamless flow of data and information. It is well assimilated with the Royal Malaysian Customs Department’s uCustoms system and is set to increase the ease of doing business for stakeholders,” said Dato’ Azman Mahmud, Chief Executive Officer of MIDA.

“The tax exemptions facility provides more flexibility in terms of cash flows for companies. Meanwhile, the automation of applications will significantly reduce the processing period for investors. These initiatives will help companies to focus and prioritise on implementing their projects,” added the CEO of MIDA.

The enhanced digital platform is in addition to MIDA’s previous initiatives such as the Confirmation Letter orSurat Pengesahan MIDA(SPM) module for manufacturers, hotel operators, haulage operators as well as maintenance, repair and overhaul (MRO) companies to claim the import duty and/or sales tax exemption for machinery, equipment and spare parts from Customs. Recently, MIDA has also launched an e- Manufacturing Licence (e-ML) module. The new digital platform allows companies to submit and track applications for new manufacturing licences,expansion or diversification project(s), and the confirmation letter for the exemption from Manufacturing Licence (ICA10).

This enhanced JPC Online Application Module can be accessed via https:// investmalaysia.mida.gov.my on 24 July 2020 at 9.00 am. The existing JPC online system will no longer be available effective 23 July 2020 at 2.00 pm.

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About MIDA

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

For more information, please contact:

Ms. Normawati Kusairi

Director, Tariff Section, MIDA

Email: [email protected]

Tel : 03-2267 6631

MIDA Re-Engineers Business Processes

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Kuala Lumpur, 16 July 2020 – Malaysia recorded a total of RM37.4 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter (1Q) of this year. Of the total investments approved, RM26.3 billion or 70.4 per cent was contributed by domestic investments (DDI) while RM11.1 billion or 29.6 per cent came from foreign sources (FDI). Switzerland (RM2.7 billion), Singapore (RM2.1 billion), the United States of America (RM2.0 billion), China (RM1.4 billion) and Japan (RM0.9 billion) were the top five sources of FDI for the manufacturing, services and primary sectors during the period.

The manufacturing sector was the largest contributor to the value of approved investments in 1Q 2020 amounting to RM25.2 billion, followed by the services sector (RM11.9 billion) and the primary sector (RM0.3 billion). These investments involved 892 projects and will create over 19,100 jobs for the country. For approved projects by state, the five major states namely Sabah, Penang, Selangor, Johor and W.P. Kuala Lumpur, contributed RM30.0 billion (80.1 per cent) to the total approved investments for January to March 2020.

“Malaysia continues to attract investors and is poise to be a global supply chain hub in Asia. We have a strong presence of high-quality local suppliers and businesses in our industrial ecosystem. Coupled with the many other value propositions, we trust that Malaysia will continue to be an attractive location for global companies to incorporate diversity and flexibility into their supply chains,” said Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry.

Dato’ Seri Mohamed Azmin said the coronavirus and its bearing have caused investors to reconsider their business strategies and postpone investment decisions. While every crisis comes with profound challenges, these are also moments of great opportunities to shift gears and set sights on greener pastures. We may not be able to reach the pre-COVID-19 crisis level of investments this year. However, we will not stop to be aggressive in our promotional efforts to retain and attract more foreign and domestic investments to revive the economy.

Manufacturing Sector

Malaysia’s manufacturing sector led the nation’s approved investments for 1Q 2020 with a contribution of 67.5 per cent of the total approved investments in the economy. In the first three months of 2020, the Malaysian Investment Development Authority (MIDA) approved a total of 214 manufacturing projects, compared with 216 projects in the corresponding period last year. Foreign investments in the manufacturing sector amounted to RM10.6 billion while domestic investments totalled RM14.6 billion. It is noteworthy that approved domestic investments in 1Q 2020 registered an increase of 180.8 per cent from RM5.2 billion in 1Q 2019.

Capital-intensive projects continue to dominate the approved investments for the manufacturing sector. A total of 23 projects with investments of at least RM100 million or more accounted for 86.5 per cent of approved investments in the sector. The manufacturing projects approved in 1Q 2020 are expected to create 15,688 new jobs for the country. This includes 1,032 managerial positions, 725 engineers in the electrical, mechanical and chemical disciplines as well as 1,870 skilled craftsmen such as plant maintenance supervisors, tools and dies makers, machinists, IT personnel, quality controllers, electricians and welders. Major industries which require the most skilled workforce are petroleum products (including petrochemicals), machinery manufacturing, fabricated metal products and chemicals and chemical products.

Switzerland was the manufacturing sector’s biggest investor in 1Q 2020, followed by Singapore, the United States of America, China and Japan. These five economies jointly accounted for 84.7 per cent of the total foreign investments approved within the sector. Significant projects from Switzerland include those within the machinery & equipment, E&E and chemical industries.

A total of 176 manufacturing projects or 82.2 per cent will be located in Selangor, Johor, Pulau Pinang, Kedah and Perak. In terms of the value of investments, Sabah (RM11.7 billion) was the largest recipient of investments in the manufacturing sector for the period of January to March 2020, followed by Pulau Pinang (RM7.1 billion), Johor (RM1.6 billion), Selangor (RM1.5 billion) and Kedah (RM1.1 billion). These five states constituted 91.1 per cent or RM23.0 billion of total approved investments in the sector and will generate more than 12,300 jobs.

Malaysia continues to attract a healthy level of investments in E&E, machinery and equipment, chemical, aerospace and medical devices. For January-March 2020, 72 manufacturing projects with investments of RM9.3 billion in these industries have been approved by MIDA. These industries, which have strong inter-linkages to other sub-sectors, are instrumental in supporting the development of the overall manufacturing sector in Malaysia.

Notable projects approved in the manufacturing sector for the first three months of 2020 include Dexcom (USA) and LEM (Switzerland). Dexcom, one of the 500 large companies listed on stock exchanges in the US, will be producing a very sophisticated medical device product, namely a continuous glucose monitoring (CGM) system. This diabetes device does not require any blood to measure blood glucose reading. Meanwhile, Switzerland’s LEM is leveraging on Malaysia to diversify its supply chain to meet the demand of its customers in the industrial and automotive sectors. LEM’s manufacturing facility in Malaysia will employ up to 250 employees at full 3 capacity. This plant will also complement its existing production sites in China, Bulgaria and Switzerland.

Services Sector

The services sector contributed 75.0 per cent to the total approved projects in 1Q 2020. These investments involved 669 services projects that will add over 3,400 new jobs to the economy. Of the total, domestic investments represented 97.5 per cent or RM11.6 billion, while foreign investments accounted for 2.5 per cent or RM0.3 billion.

Most of the main services sub-sectors showed a significant decline in investments except for support services, financial services and global establishments. Collectively, the top five contributors of approved investments in the services sector were real estate (RM8.4 billion), support services (RM1.6 billion), utilities (RM1.0 billion), hotel and tourism (RM0.5 billion) and financial services (RM0.3 billion), representing 98.9 per cent or RM11.7 billion of approved investments.

The support services industry, which covers sub-sectors such as integrated logistics, research and development, green technology, integrated circuit design, oil and gas services and licenced warehouse recorded an investment of RM1.6 billion, an increase of 178.5 per cent compared to 1Q 2019 (RM559.0 million). The increase was due to a surge in green technology activities and integrated logistics services, which registered a rise of 213.8 per cent and 165.4 per cent, respectively.

Primary Sector

In January – March 2020, approved investments in the primary sector amounted to RM281.3 million or 0.8 per cent of total approved investments in various economic sectors. The primary sector comprises mining, plantation and commodities, and agriculture sub-sectors. Investments by foreign sources led the majority of investments in this sector totalling RM144.4 million, while domestic investments contributed RM136.9 million.

Investments in the Pipeline

As of June 2020, MIDA has a total of 726 projects with proposed investments of RM36.7 billion in the pipeline for the manufacturing, services and primary sectors. Nonetheless, the year 2020 will be a challenging one to all economies, including Malaysia. The United Nations Conference on Trade and Development (UNCTAD) forecast that the global FDI flows would decline by up to 40 per cent in 2020, from the 2019 value of $1.54 trillion.

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About MIDA

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

For more information, please contact:

Ms. Zalina Zainol Director, Corporate Communications Division, MIDA

Email: [email protected]

DL: +603-2263 2437

1Q2020_Investment-Performance

Malaysia Attracts RM37.4 Billion of Approved Investments in 1Q 2020

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United Overseas Bank Malaysia Bhd (UOB Malaysia) today signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract more foreign direct investments (FDI) into high value-added sectors. These sectors, which include electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology, are among MIDA’s key priority sectors in promoting investments for industry development

Kuala Lumpur, Malaysia, 10 January 2020 – United Overseas Bank Malaysia Bhd (UOB Malaysia) today signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract more foreign direct investments (FDI) into high value-added sectors. These sectors, which include electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology, are among MIDA’s key priority sectors in promoting investments for industry development.

Under the MoU, UOB Malaysia and MIDA will work together to attract global companies that can contribute positively to the local economy through sustainable investments. This in turn will help facilitate the transfer of technology and knowledge to local companies and create opportunities to develop a highly-skilled domestic workforce.

Mr Wong Kim Choong, Chief Executive Officer, UOB Malaysia, said that Malaysia has sharpened its focus on attracting quality investments in targeted sectors that will have significant benefits for the domestic economy.

“Malaysia, with its favourable business conditions such as skilled labour force, developed infrastructure connectivity, ongoing policy reforms and government incentives, remains an attractive investment destination for global companies. In turn, global companies with sustainable investment practices will help to enhance the competitiveness of Malaysia’s domestic industries by creating more skilled jobs and deepening technology capabilities, ultimately helping in Malaysia’s progress towards a knowledge-based economy. Our collaboration with MIDA not only enables us to help more global companies seize investment opportunities in Malaysia, but also to contribute to industry development in the country,” Mr. Wong said.

To promote Malaysia as an investment destination, UOB Malaysia and MIDA will organise a series of roadshows across key focus markets such as China, ASEAN and Japan.

Mr. Arham Abdul Rahman, Deputy Chief Executive Officer I of MIDA said, “The collaboration between MIDA and UOB Malaysia complements our goal to invigorate an effective investment environment in the country. We are excited to have UOB Malaysia on board with us in promoting Malaysia’s business competitiveness and accelerate economic growth. Understanding the needs of investors, MIDA seeks to not only promote the development of industrial ecosystems but also to ensure that the enablers are in place to cater to the requirements of businesses, particularly those that are value-added, capital-intensive, knowledge-intensive and can provide quality business and job opportunities to Malaysians. This includes having easy access to the necessary financial services to help investors succeed in emerging markets like Malaysia. We trust that this partnership will result in attracting more quality investments for the country.”

Commenting about UOB Malaysia’s capabilities in facilitating cross-border business and investments, Ms Ng Wei Wei, Managing Director and Country Head of Wholesale Banking, UOB Malaysia said, “The Bank is well-equipped to support the key priority sectors under MIDA through our sector specialisation and FDI Advisory capabilities, extensive regional network and on-the-ground experience. Our capabilities and experience are ready to help foreign companies invest in Malaysia and to connect them to opportunities as the country focuses its efforts on attracting FDI into high valued-added sectors. The collaboration between UOB Malaysia and MIDA reinforces the Bank’s long-term commitment to connect companies to business and investment opportunities across Asia.”

In 2011, UOB launched its FDI Advisory services to help companies develop their entry strategies and to navigate the complexities of doing business in a new country. In addition to providing companies with access to UOB’s financial products and services, the team works closely with government agencies, trade and industry associations and professional service providers to provide comprehensive business advisory services across the region. To strengthen its support of companies expanding into Malaysia, UOB Malaysia set up a FDI Centre in 2013 which has since supported more than 250 companies to establish their business in or to invest into the country.

The Bank’s FDI Advisory team has also collaborated with other agencies such as the Iskandar Region Development Authority, the East Coast Economic Region Development Corporation and the Sarawak Corridor of Renewable Energy to position Malaysia as a key investment destination in Southeast Asia.

To find out more about UOB’s FDI Advisory services, please visit https://www.uob.com.sg/corporate/foreign-direct-investment/index.page.

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About United Overseas Bank (Malaysia) Bhd

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is a subsidiary of Singapore-based United Overseas Bank Limited (UOB) and has had a presence in Malaysia since 1951. UOB Malaysia offers an extensive range of commercial and personal financial services through its branches, subsidiaries and associate companies: commercial lending, investment banking, treasury services, trade services, cash management, home loans, credit cards, wealth management, and bancassurance products.

UOB is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s and AA- by both Standard & Poor’s and Fitch Ratings. In Malaysia, UOB Malaysia receives AAA/Stable/P1 financial institution rating from RAM Ratings.

Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education.

For further information, please visit www.uob.com.my.

About the 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 media queries, please contact:

UOB Malaysia

Nizam Arop

Strategic Communications

[email protected]

Tel: 03-9195 2788/ 017-267 9170

Averlyn Lim Siew Leng

Strategic Communications

[email protected]

Tel: 03-9195 2793/ 018-229 9168

Malaysian Investment Development Authority (MIDA)

Ms. Zalina Zainol

Director, Corporate Communications Division

03-2263 2437| [email protected]

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Speech by DCEO I of MIDA: MIDA UOB MoU Signing Ceremony

Posted on : 10 January 2020

UOB Malaysia signs MoU with MIDA to attract foreign direct investments into Malaysia’s high value-added sectors

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The Malaysian Investment Development Authority (MIDA) kick-started the year 2020 with a networking event with the European (EU) chambers, associations and embassies on 14 January 2020. Forty representatives from the Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain offices in Malaysia attended the event. The event was graced by Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA and participated by the organisation’s management team members

Kuala Lumpur, 16 January 2020 – The Malaysian Investment Development Authority (MIDA) kick-started the year 2020 with a networking event with the European (EU) chambers, associations and embassies on 14 January 2020. Forty representatives from the Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain offices in Malaysia attended the event. The event was graced by Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA and participated by the organisation’s management team members.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, hailed the reception as a great success for his team. “This get-together is an excellent chance for both sides to catch up on many areas, businesses, strengths, stories and opportunities in a more personal setting. This is also a way for MIDA to show our appreciation to our friends from the EU chambers, association and embassies for their continuous support in our venture to increase investments into the country. Our next networking event, which will be organised soon, will be with the chambers and associations from the Americas, Oceania and Asia Pacific region.”

As of September 2019, MIDA has approved a total of 2,366 manufacturing projects with the participation from EU countries worth RM 131.4 billion. These investments created 271,712 employment opportunities for the country. For the first nine months of 2019 alone, a total of 34 manufacturing projects with EU’s participation worth RM3.1 billion were approved, and this is expected to create 2,782 job opportunities.

Major European companies that have operations in Malaysia include ST Microelectronics, Infineon, Acerinox, Saint Gobain, Dyson Manufacturing, Novartis, Osram Opto Semiconductors, Aker Solution, and B.Braun Medical.

For 2020, MIDA will be organising a series of trade and investment (T&I) missions and working visits to Spain, Switzerland, Germany, UK and France. Also, MIDA’s T&I missions for this year will cover other countries such as Japan, the Republic of Korea, China, India, New Zealand, Saudi Arabia, U.A.E and the USA.

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ABOUT MIDA

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

Posted on : 16 January 2020

MIDA Approved 34 Manufacturing Projects with EU Participation Worth RM3.1 Billion In Jan-Sept 2019

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Negeri Sembilan continues to be one of the recipients of investments in the country despite the challenging global economic environment

21 February 2020, Kuala Lumpur – Negeri Sembilan continues to be one of the recipients of investments in the country despite the challenging global economic environment. As at June 2019, there were 901 manufacturing projects implemented in Negeri Sembilan, with total investments of RM37.2 billion. Majority of these investments were from the foreign source recording a total of RM25.3 billion or 68% while the rest were from domestic sources. These projects, which have created over 100,000 job opportunities, were mainly in the electrical and electronics (E&E) products, textiles and textile products, and rubber products industries. For January-September 2019, Negeri Sembilan attracted a total of 33 additional manufacturing projects worth RM2.6 billion.Notable companies operating in Negeri Sembilan include Samsung, On Semiconductor, Coca-Cola, Ajinomoto, Daihatsu, Safran and Kibing.

“Malaysia offers sound economic fundamentals and capabilities in providing the right mix of ingredients as a profitable destination for new companies to grow in the region. Malaysian Investment Development Authority (MIDA) also believes there is much more room for expansion or diversification for existing companies in Malaysia to reinvest, particularly in new growth areas. The Government has been persistently undertaking efforts to promote and facilitate local companies, particularly for SMEs, to scale up and accelerate their adoption of smart manufacturing and Industry 4.0 technology through various incentives and facilities. For example, the Industry4WRD Intervention Fund, managed by MIDA, is a good financial support facility for Malaysian SMEs in the manufacturing and related services sectors to embrace Industry 4.0. The fund is provided on a matching basis (70:30), based on eligible expenditures, up to a maximum grant of RM500,000.00. Approved companies will receive upfront, a maximum of 30% of the matching amount,” said Mr. Arham Abdul Rahman at the Invest Series Briefing: Unfolding States’ Business Potential organised by MIDA.

Mr. Arham also urged local and foreign companies to participate in the Economic Accelerator Projects (EAPs) along the East Coast Rail Link (ECRL) corridor. “The MIDA’s ECRL team is currently engaging with the respective states and interested parties to inform and promote the EAPs. With the inflows of Foreign Direct Investment (FDI) and Domestic Investment (DI) and potential growth for industrial, commercial and tourism sectors, the railway will contribute towards bridging the development gap between the east and west coasts of Peninsular Malaysia,” added Mr. Arham.

“The State Government would like to encourage more investors to invest in the Negeri Sembilan’s new growth area, namely the Malaysia Vision Valley (MVV 2.0). Spanning 153,411 hectares covering districts of Seremban and Port Dickson, the area has been earmarked to be the extension to the Greater Kuala Lumpur conurbation. Located at the south of the Klang Valley, MVV 2.0 is the natural destination and sponge for the spillover impacts of the Klang Valley where developments thrive,” said YB Dato’ Dr. Mohamed Rafie bin Abd. Malek, Exco Investment, Entrepreneurship, Education and Human Capital Negeri Sembilan during his briefing on the business opportunities and facilities available in Negeri Sembilan.

YB Dato’ Dr. Mohamed Rafie added that, “The investment in MVV 2.0 need to be in line with the four economic clusters highlighted in the Comprehensive Development Plan (CDP) of MVV 2.0. Through the MVV Secretariat, the state Government will facilitate the whole process with end to end handholding exercise in ensuring the smooth sailing of the investment realisation in the area.”

Today’s Invest Series briefing on Negeri Sembilan organised by MIDA has successfully attracted over 200 participants ranging from business chambers, associations and embassies as well as industry players from the services and manufacturing sectors. Since early 2019, MIDA has featured Selangor, Perlis, Kedah, Kelantan, Pahang, Terengganu, Sabah, Sarawak and Pulau Pinang in its Invest Series programmes.

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About MIDA

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

For more information, please contact:

Mr. Nazuki Abdullah

Director

Domestic Investment & Supply Chain Division, MIDA

Tel.: 03-2267 3744

Email: [email protected]

Download:

Speech by DCEOI of MIDA: Invest Series Negeri Sembilan

NSIC Slides MIDA Invest Series Negeri Sembilan

Posted on : 21 February 2020

Manufacturing Projects Implemented In Negeri Sembilan Created Over 100,000 Jobs to the State

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The National Committee on Investment (NCI), co-chaired by YB Datuk Darell Leiking, Minister of the International Trade and Industry (MITI) and YB Tuan Lim Guan Eng, Minister of Finance (MOF) kick-started the year 2020 with five approved manufacturing and services projects worth RM4.6 billion on 30 January 2020. These projects will be located in Pulau Pinang, Kedah, and Pahang

These approved investments were in the electrical and electronics, machinery and equipment, and automotive industries. Upon realisation, these projects will add over 6,000 job opportunities for the country. The majority of these investments came from foreign sources, which contributed 97.3% of the total investments. These investments are from Singapore, Hong Kong and the United States of America (USA).

The remaining approved investment was from a Malaysian Integrated Circuit (IC) Design company. This high value-added project involves IC design for application-specific integrated circuit (ASIC) products for Artificial Intelligence (AI) deep learning and high-performance computing.

“Foreign investors remain active in Malaysia’s manufacturing and services sectors. The investment spending, private consumption and trade will keep the nation’s growth on track. To enhance the attractiveness of Malaysia as a preferred investment destination, MITI and all its agencies will continue to be proactive to accommodate the needs of stakeholders in creating sustainable prosperity for the rakyat,” said YB Datuk Darell Leiking.

The announcement of Malaysia’s investment performance in the manufacturing, services and primary sectors for the whole year of 2019 will be made at the Malaysian Investment Development Authority (MIDA) headquarters on 3 March 2020.

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About MIDA

For media queries, please contact:

Ms Zalina Zainol

Director, Corporate Communications Division

03-2263 2437| [email protected]

Posted on : 07 February 2020

Malaysia Kick Starts 2020 with RM4.6 Billion Of Approved Investments

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Lam Research Corporation (Nasdaq: LRCX), in collaboration with the Malaysian Investment Development Authority (MIDA) today announced that Lam has selected Batu Kawan Industrial Park in Penang, Malaysia as the location for a new advanced technology production facility

KUALA LUMPUR, February 4, 2020 – Lam Research Corporation (Nasdaq: LRCX), in collaboration with the Malaysian Investment Development Authority (MIDA) today announced that Lam has selected Batu Kawan Industrial Park in Penang, Malaysia as the location for a new advanced technology production facility.

“MITI and MIDA have been hard at work to entice more quality investments globally, particularly in the areas of technology and innovation to propel Malaysia to greater heights. This project, in particular, will ultimately create new opportunities for local businesses and vendors as well as high-value jobs for Malaysians.” said YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).

The new facility will be 700,000 square feet at the initial phase; with the opportunity to expand in the future. Construction is expected to begin in early 2020, with the first shipment by 2021. With the new facility, it is projected that there will be up to approximately 350 jobs added over the next three years, including roles in manufacturing, facilities and on-site shipping and receiving.

The Minister of Finance, YB Mr Lim Guan Eng, said, “The establishment of Lam Research’s new advanced technology production facility in Batu Kawan is a mark of confidence in the capacity and promise of sustainable growth of the Malaysian economy, especially in the manufacturing sector. We are confident that Malaysia’s attractive talent pool, facilitative investment environment, as well as its deep integration with the international supply chain, offers the right mix for the high-tech sectors.”

Lam’s global operations are essential to its success in quickly delivering innovative technologies to its customers worldwide. This expansion adds to Lam’s existing global production footprint with locations in the United States, South Korea, and Austria.

“We are excited to partner with the Government of Malaysia, specifically with the state of Penang, as we add to our global footprint,” said Kevin Jennings, Senior Vice President, Global Operations of Lam Research. “This facility is additive to Lam’s global operations and enables us to provide additional capacity, ensure business continuity for critical activities, and most importantly, improve our speed to solutions by being closer to customers and suppliers in the region.”

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About Lam Research

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. As a trusted, collaborative partner to the world’s leading semiconductor companies, we combine superior systems engineering capability, technology leadership, and unwavering commitment to customer success to accelerate innovation through enhanced device performance. In fact, today, nearly every advanced chip is built with Lam technology. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX-B)

About MIDA

Caution Regarding Forward-Looking Statements

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited: timing of construction and commencement of operations of the new facility, number and timing of new job opportunities, and benefits to Lam’s operations, business continuity and speed to solutions that may result from the new facility. These statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value and effect, such as construction delays, regulatory requirements, risks related to recruiting and hiring, and other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically our annual report on Form 10-K for the fiscal year ended June 30, 2019 and our quarterly report on Form 10-Q for the fiscal quarter ended September 29, 2019. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

For media queries, please contact:

Lam Research

Libra White

Media Relations

(510) 572-7725

[email protected]

Mr. Ram Ganesh

Investor Relations

(510) 572-1615

[email protected]

Malaysian Investment Development Authority (MIDA)

Mr. Jeyasigan Narayanan Nair

Director, Machinery and Metals Division

03-2267 6711| [email protected]

Posted on : 04 February 2020

Lam Research to Expand Global Footprint

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Promote Economic Accelerator Projects along ECRL Corridor

27 February 2020, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA), in collaboration with the East Coast Economic Region Development Council (ECERDC), UOB Malaysia and Viknesh & Yap Law Firm, organised a briefing session namely, “The Growing and Expanding Opportunities in the East Coast Economic Region” today. With over 100 participants from various industries, the event featured a line-up of speakers who provided insights on business opportunities and facilities available for companies to invest in the Economic Accelerator Projects (EAPs) along the ECRL Corridor.

In his welcoming remarks, Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA said, “MIDA is optimistic that through the EAPs, this rail project will contribute towards bridging the development gap between the east and west coasts of Peninsular Malaysia, given the potential growth for industrial, commercial and tourism sectors in the region. Companies must take advantage of the various initiatives that are available 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) to grow their business in the country. MIDA is ever ready to assist domestic and foreign investors in expanding their investment here.”

The EAPs include the development of industrial parks in the East and West Coasts of Peninsular Malaysia to attract trade and investments along the ECRL corridorfrom both local and international investors alike. It also involves the establishment of logistics hubs at transport interchanges to promote connectivity and transportation of goods under the ECRL project, as well as transit-oriented development (TOD) stations to encourage new development and to support the growth of industrial parks.

As of June 2019, a total of 334 manufacturing projects have been implemented in the East Coast Region, with investments of RM34.6 billion. Of these, 63.3 per cent of the investments are derived from foreign sources and are mainly in industries for petroleum products (including petrochemicals), basic metals, chemicals and chemical products, electrical and electronics (E&E) products as well as rubber products. These projects have been instrumental in creating over 33,000 job opportunities in the country.

Encik Baidzawi Che Mat, Chief Executive Officer of ECERDC, credited the ecosystem of public-private partnership, implementation of strategic infrastructure projects and inclusive human capital programmes, which have turned ECER into an attractive investment destination resulting in the Region’s rapid growth.

“We have achieved significant progress despite the global economic challenges by working closely with the relevant government agencies and the private sector to attract and facilitate more private investments in the ECER. With what has been achieved in the ECER so far, we are confident that our Region has begun the next leap of socio-economic growth. As we continue to work closely with MIDA and other domestic and international investors, we will continue to spearhead ECER’s rapid growth to become a competitive, dynamic and vibrant investment destination. This, in return, will benefit the rakyat through the creation of jobs and entrepreneurial opportunities,” said En Baidzawi.

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About MIDA

About East Cost Economic Region Development Council (ECERDC)

The East Coast Economic Region (ECER) was established to ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation. ECER covers 51% of Peninsular Malaysia which includes the states of Kelantan, Terengganu, Pahang and the district of Mersing in Johor. It is home to 4.8 million people and is a rapidly transforming region that is steadily positioning itself as a distinctive, dynamic and competitive destination for investments. The economic growth in the Region is driven by six key economic clusters, namely Tourism, Oil, Gas and Petrochemical, Manufacturing, Agribusiness, Human Capital Development, Logistics and Services. These clusters are supported by developments in Transportation, Infrastructure, Property and Environment to make the Region an ideal destination for business, investments and quality living.

In continuing the socio-economic transformation of the Region, the ECER Master Plan 2.0 (EMP2.0) sets out comprehensive strategies and plans to guide the development of the Region until 2025. ECERDC has identified six (6) strategic initiatives under EMP2.0 that give equal emphasis on both the socio-economic development and the rakyat. The strategic initiatives consist of increasing labour productivity, diversifying the economic base, facilitating economies of scale, mobilising the labour force, leveraging connectivity, and enhancing the enabling infrastructure that will propel ECER in its next leap forward.

About United Overseas Bank (UOB)

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) was incorporated in 1993 but has had a presence in Malaysia since 1951. UOB Malaysia is rated among the top banks in Malaysia with a long-term ‘AAA’ rating from Ratings Agency Malaysia. Guided by our rich heritage and values, we have built lasting relationships with our customers and continue to ensure we act in their best interest by delivering solutions that meet their financial goals and suit their lifestyles and preferences. Today, UOB Malaysia has 45 branches across the country and has the largest branch network of any foreign bank operating in Malaysia.

UOB Malaysia offers its retail and commercial customers a broad range of products and solutions that best suit their lifestyles, preferences and business life cycles. These range from personal financial services, corporate and commercial banking, investment banking and treasury services to wealth management and Islamic banking.

For more information:

Mr. Nazuki Abdullah

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

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

Mr. Saifol Bahri Mohamad Shamlan

General Manager, Investor Management Division, ECERDC

Tel : 03 2035 0000 | Email: [email protected]

Mr. Ahmad Faizal Bin Abdul Rahim

Vice President, Product Training, Islamic Banking Division, UOB

Tel : 03-2772 6630 | E-Mail: [email protected]

Download:

Speech by DCEOII of MIDA: The Growing And Expanding Opportunities

Posted on : 27 February 2020

MIDA Join Hands with ECERDC, UOB Malaysia and Viknesh & Yap Law Firm

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250,000 square-foot facility to create up to 800 jobs over the next five years

Smith+Nephew, the global medical technology business, is pleased to announce the start of construction of its new high technology manufacturing facility located in Batu Kawan Industrial Park in Penang, Malaysia.

The occasion was graced by the attendance of Y.A.B. Tuan Chow Kon Yeow, Chief Minister of Penang, who said: “On behalf of the Penang State Government, I wish to congratulate Smith+Nephew on this milestone – ground-breaking of its first South-East Asia manufacturing facility. The medical technology and devices industry is playing an increasingly important role in Penang. Today, including Smith+Nephew, 8 out of 30 top global medical devices companies, based on 2018 revenue, are operating or have announced their investments in Penang. I foresee that Penang will continue to gain traction in attracting global players in the medical devices industry.”

The 250,000 square-foot new facility will primarily support Smith+Nephew’s Orthopaedics franchise, which has been growing strongly in the Asia Pacific region, creating up to 800 new local jobs over the next five years. This will include roles in manufacturing, engineering and supply chain.

Mark Gladwell, President of Global Operations, Smith+Nephew, who opened the ground-breaking ceremony, said: “We are delighted to start work on this new facility which will be an important addition to our global manufacturing footprint. I look forward to seeing the development of the new site, and, as we move forward, welcoming new employees to Smith+Nephew.”

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, also in attendance, said: “We are proud that Smith+Nephew has recognised Malaysia as an ideal home to meet its burgeoning regional demands. Given the vibrant business environment prevailing in the country, we are optimistic that Smith+Nephew will benefit from the established ecosystem and facilities that Malaysia and specifically Penang, offers. The presence of Smith+Nephew will contribute to raising the standard of our medical devices industry and in turn, lift Malaysia to centre stage in the global investment arena of medical technology manufacturing.”

ENDS

Enquiries

Media
Francesca Dunning	+44 (0) 1923 477314
Smith+Nephew

Job Enquiries

[email protected]

About Smith+Nephew

Smith+Nephew is a portfolio medical technology business that exists to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 17,500+ employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global franchises of Orthopaedics, Advanced Wound Management and Sports Medicine & ENT. Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and generated annual sales of $5.1 billion in 2019. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on Twitter, LinkedIn, Instagram or Facebook.

^{Forward-looking Statements}

^{This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as “aim”, “plan”, “intend”, “anticipate”, “well-placed”, “believe”, “estimate”, “expect”, “target”, “consider” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: economic and financial conditions in the markets we serve, especially those affecting health care providers, payers and customers; price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers; competition for qualified personnel; strategic actions, including acquisitions and dispositions, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew’s most recent annual report on Form 20-F, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew’s expectations.}

^{◊ Trademark of Smith+Nephew. Certain marks registered US Patent and Trademark Office.}

Download:

Speech by CEO of MIDA_Smith+Nephew Groundbreaking Ceremony (**Corrupted PDF File)

Posted on : 28 February 2020

Smith+Nephew ‘breaks ground’ on new high technology manufacturing facility in Penang, Malaysia

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MIDA will continue its operations physically at its headquarters on 6 May 2020 following the ease of the Movement Control Order restrictions as announced by YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia on 1 May 2020. While MIDA officials continue to work from home, up to 50% of its workforce will return to its headquarters on 6 May to better assist businesses in their operations.

5 May 2020, Kuala Lumpur – MIDA will continue its operations physically at its headquarters on 6 May 2020 following the ease of the Movement Control Order restrictions as announced by YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia on 1 May 2020. While MIDA officials continue to work from home, up to 50% of its workforce will return to its headquarters on 6 May to better assist businesses in their operations.

The visiting hours, including visitors to the Immigration Unit at MIDA during Ramadan month will be from 9.30 am to 1.00 pm and 1.30 pm to 4.00 pm. Visitors are encouraged to make prior appointments. All visitors will have to abide by the Standard Operating Procedure (SOP) set by MIDA, including temperature checks, safe distancing and the use of face masks and hand sanitiser. MIDA continues to prioritise on containing the spread of the COVID-19 virus by keeping all its staff as safe as possible while minimising disruptions to its services and the operations of businesses. In view of this, stakeholders are encouraged to leverage on various technology tools available for remote communications or virtual meetings such as video conferencing and conference calls. MIDA also encourages the delivery of documents by mail or courier service to reduce physical contact at the premises.

MIDA officials, particularly the Directors and Deputy Directors can be easily contacted through their respective emails at www.mida.gov.my or through [email protected]. For further updates, please visit www.mida.gov.my or follow MIDA on social media platforms namely Twitter, Instagram, Facebook and LinkedIn.

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ABOUT MIDA

For more information, please contact:

Ms Zalina Zainol Director,

Corporate Communications Division, MIDA

Tel.: 03-2263 2437 | Email: [email protected]

MIDA HQ Opens Doors on 6 May 2020 to Better Serve Investors and Businesses

Posted on : 05 May 2020

MIDA HQ Opens Doors on 6 May 2020 to Better Serve Investors and Businesses

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Malaysia has been proactive during the Movement Control Order (MCO) in balancing public health and the livelihood of the people as well as strengthening the economic fundamentals by providing the necessary approval for companies in several economic sectors to operate, and are subject to strict adherence to health and safety guidelines.

Kuala Lumpur, 20 April 2020 – Malaysia has been proactive during the Movement Control Order (MCO) in balancing public health and the livelihood of the people as well as strengthening the economic fundamentals by providing the necessary approval for companies in several economic sectors to operate, and are subject to strict adherence to health and safety guidelines.

“While the COVID-19 pandemic has changed the global industrial system, MITI is committed to ensuring that Malaysia continues to be positioned as an investor-friendly location for long term growth of both foreign and domestic businesses. Foreign direct investment (FDI) is a long term capital flow. We trust that the existing foreign companies will continue to weather the storm and retain their investment in the country,” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), today.

Against the backdrop of a challenging external environment and declining global FDI inflows, Malaysia remains resilient and attracted a total of RM207.9 billion of approved investments in the manufacturing, services and primary sectors in 2019, a 1.7 per cent increase, compared to 2018. With a contribution of 60.4 per cent (RM125.5 billion), domestic direct investment (DDI) accounted for the bulk of the total approved investments. Although FDI made up for 39.6 per cent (RM82.4 billion) of the total, the value of FDI in 2019 had increased by 2.9 per cent from the previous year.

The services sector led the way for total investments approved in 2019. Approved investments for the sector also increased by 11.3 per cent from 2018.

The USA (RM26.8 billion), People’s Republic of China (RM15.7 billion) and Japan (RM12.1 billion) accounted for 66.3 per cent of total FDI approved in the manufacturing, services and primary sectors.

Selangor (RM47.8 billion) recorded the highest investments approved last year, followed by Pulau Pinang (RM33.7 billion), Johor (RM24.4 billion) and Wilayah Persekutuan Kuala Lumpur (RM21.6 billion). These four states alone contributed more than 60 per cent of the total approved investments for 2019.

Manufacturing Sector

Malaysia’s manufacturing sector recorded approved investments of RM82.7 billion for 2019. The number of manufacturing projects approved increased by 37 per cent from 721 projects in 2018 to 988 projects in 2019. FDI accounted for 65.2 per cent (RM53.9 billion) of total approved investments in the manufacturing sector, while domestic investments constituted the remaining 34.8 per cent (RM28.8 billion). “The Malaysian Investment Development Authority (MIDA) has put in place a fast track mechanism to expedite the approval of projects. It is noteworthy that 86.9 per cent of the manufacturing projects approved last year were through this mechanism,” said YB Dato’ Seri Azmin.

In line with Malaysia’s move towards sophisticated technology industries, capital intensive projects which involve advanced technology and skilled workforce dominated the manufacturing landscape. This is represented by the 108 projects approved with investments of RM100 million and above, which is 33.3 per cent higher than in 2018.

YB Dato’ Seri Azmin added that as the manufacturing sector has the most significant multiplier effect on the nation’s activities and growth, it will continue to be the mainstay of the economy. This includes forward and backward linkages, the development of cluster industries, the transfer of new technologies, and skills development, to name a few. In 2019, the manufacturing sector was the second-highest contributor to the Malaysian Gross Domestic Product (GDP) with 22.3 per cent share or RM316 billion.

The approved manufacturing projects last year will create new jobs for more than 78,000 people. Of these, 35.4 per cent are in the managerial, technical and supervisory (MTS) positions. Job opportunities in MTS roles increased by 24 per cent in 2019.

Overall, new projects made up 54.1 per cent of the total manufacturing projects approved. Foreign investments were evenly balanced between new and expansion or diversification projects in 2019. Meanwhile, domestic investments were mostly concentrated on new projects.

In terms of top-performing industries in 2019, the electrical and electronics (RM25.7 billion), paper, printing and publishing (RM10.8 billion), transport technology (RM8.0 billion), non-metallic mineral products (RM6.9 billion), and chemicals and chemical products (RM4.8 billion) contributed more than 68 per cent of the total approved investments in the manufacturing sector last year. It is noteworthy that investments in the three catalytic sub-sectors namely electrical and electronics, machinery and equipment and chemical, and two high growth areas – aerospace and medical device, recorded an increase of 90.2 per cent from RM21.5 billion in 2018 to RM40.9 billion in 2019.

Both People’s Republic of China (RM15.3 billion) and the USA (RM14.2 billion) were the two top investor countries in the manufacturing sector in Malaysia and contributed 54.7 per cent of the total foreign investments approved in the sector. The People’s Republic of China was also the largest source of foreign investments in the manufacturing sector for four consecutive years. It is impressive to note that the investments in the manufacturing sector from Taiwan, the USA and Singapore for 2019 have increased seven, four and three folds, respectively.

To date, MIDA has facilitated 85 companies from China as well as from different parts of the world for relocation or redeployment of activities to Malaysia due to the US-China Trade War. Of the total, MIDA has successfully captured 32 projects with investments amounting to RM14.0 billion and seven projects are currently under evaluation with investments valued at RM6.22 billion.

Selangor (RM17 billion) was the largest recipient of investments in the manufacturing sector for 2019, followed by Pulau Pinang (RM16.9 billion), Kedah (RM11.5 billion) and Johor (RM11.5 billion). These four states constituted nearly 70 per cent of total approved investments in the sector last year.

The addition of the 988 manufacturing projects approved in 2019 brings the total number of manufacturing projects approved between 2015 – 2019 to 3,809 projects. Approximately 73.4 per cent of these projects with investments worth RM208.5 billion have been implemented.

Notable projects that were approved last year include a project by Intel that will invest RM10 billion to bring the latest Advanced Assembly and Test technology to Malaysia, as well as an investment by a British-based company, Smith+Nephew that will establish its orthopaedics manufacturing facility in Pulau Pinang. The products manufactured by Smith+Nephew will include knee and hip implants.

Another example of a quality project is the investment from AAC Technologies, the world’s leading solutions provider for smart devices. The company will be producing front end moulds and related components in Johor. This high-value project will create new outsourcing opportunities for local businesses and vendors as well as high-value jobs for Malaysians.

Services Sector

“The services sector continues to be the cornerstone of the nation’s economic growth. Malaysia’s virtues as a hub for business and investment helped draw 4,087 approved projects in the services sector in 2019 with investments of RM118.1 billion. It is noteworthy that although domestic sources dominated approved investments in the services sector, foreign investments have increased by a significant 53.4 per cent, from RM16.1 billion in 2018 to RM24.7 billion in 2019,” said YB Senior Minister and Minister of MITI.

Collectively, the top five contributors of approved investments in the services sector namely the real estate (RM40.9 billion), utilities (RM32.6 billion), global establishments (RM11.8 billion), distributive trade (RM11.7 billion) and support services (RM5.7 billion) represent 87.0 per cent or RM102.7 billion of approved investments in the services sector.

The approved investments for global establishments saw an increase of 57.3 per cent. A total of 169 projects proposing to make Malaysia their regional or global operations hubs were approved last year. These activities, which are expected to create new jobs for 884 knowledge-based or highly technical skilled workers, will also position Malaysia on course for greater integration into the global supply chain.

“Last year, notable services projects approved included two green technology projects by Telekosang Hydro in Sabah, a healthcare project by Daehan Rehabilitation Services in Putrajaya and a hospitality project by Interland Development in Sabah,” said YB Senior Minister and Minister of MITI.

Primary Sector

The primary sector registered approved investments of RM7 billion in 2019, compared to RM10.9 billion in 2018. Mining sub-sector led the bulk of investments in the primary sector, 94.3 per cent of total investments approved in this sector. The rest of the investments in the primary sector comprise the plantation and commodities subsector, and the agriculture subsector, which registered sustainable investments of RM291.4 million and RM135.1 million, respectively.

Bracing for the Future

Malaysia kick-started this year with five approved manufacturing and services projects worth RM4.6 billion. “The priority now is not about the number of investors or absolute value of investments but to bring in high value-added investments that can help to revive the economy. As business as usual approach will no longer work in this challenging environment, a fundamental solution for the country to revitalise the economy is through adopting bold initiatives to ensure impactful accomplishments. Closer partnerships between federal, states and local authorities will be of the essence in facilitating our investors and ensuring the implementation of approved projects. All stakeholders need to make the necessary changes and reengineer processes to deliver more efficient and effective services. Digitalisation and automation is indeed the way forward,” said YB Senior Minister and Minister of MITI.

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About MIDA

For more information, please contact:

Ms Zalina Zainol

Director, Corporate Communications Division, MIDA

Tel.: 03-22632437 Email: [email protected]

Downloads:

Media Release Investment Performance 2019 (English)

Media Release Investment Performance 2019 (Bahasa Malaysia)

AMC 2020

MIDA IPR 2019

View Investment Data

Posted on : 20 April 2020

Approved Investments In The Manufacturing, Services and Primary Sectors In 2019 Totalled RM207.9 Billion

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In compliance with the Movement Control Order announced by YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia to contain the Covid-19 outbreak, the Malaysian Investment Development Authority (MIDA) will close all its premises in KL Sentral and throughout the country from 18 March to 12 May 2020. MIDA has established its work-from-home arrangements and will be using various digital platforms to remotely connect with its stakeholders

Kuala Lumpur, 18 March 2020 – In compliance with the Movement Control Order announced by YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia to contain the Covid-19 outbreak, the Malaysian Investment Development Authority (MIDA) will close all its premises in KL Sentral and throughout the country from 18 March to 12 May 2020. MIDA has established its work-from-home arrangements and will be using various digital platforms to remotely connect with its stakeholders.

MIDA will continue to be responsive in providing advice and support to its clients. MIDA officials, particularly the Directors and Deputy Directors can be easily contacted through their respective emails at https://tinyurl.com/MIDAcontact or through [email protected]

For more information and updates, please visit www.mida.gov.my or follow MIDA on its social media platforms namely Twitter, Instagram, Facebook and LinkedIn.

ABOUT MIDA

For more information, please contact:

Ms Zalina Zainol

Director, Corporate Communications Division, MIDA

Tel.: 03-2263 2437 Email: [email protected]

Posted on : 18 March 2020

MIDA Implements Work-From-Home Arrangements From 18 March to 12 May 2020

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Keysight Technologies, Inc., the world’s leading technology company headquartered in Santa Rosa, California, announced the opening of its new Regulatory Test Laboratory in Pulau Pinang on 6 May 2020. The test laboratory will deliver accredited electromagnetic compatibility (EMC) testing services for manufacturers of electronic devices and mission-critical industries across wireless communications, IIoT, automotive, healthcare and medical applications

Kuala Lumpur, 8 May 2020 – Keysight Technologies, Inc., the world’s leading technology company headquartered in Santa Rosa, California, announced the opening of its new Regulatory Test Laboratory in Pulau Pinang on 6 May 2020. The test laboratory will deliver accredited electromagnetic compatibility (EMC) testing services for manufacturers of electronic devices and mission-critical industries across wireless communications, IIoT, automotive, healthcare and medical applications.

According to Keysight, the facility in Pulau Pinang is the next world-class compliance and testing facility established by Keysight to offer expertise, knowledge, efficiency, capacity and exceptional customer service including calibration and testing services. Keysight currently has similar testing facilities in California in the United States and in Boeblingen, Germany.

Welcoming the opening of the Test Laboratory, Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “We are very pleased that Keysight continues to expand its value chain by leveraging on the strength of its manufacturing base in the country. The opening of this testing lab also signifies Malaysia’s strong industry ecosystem as well as an important stakeholder in emerging technologies to support autonomous cars, electric vehicles, 5G and IoT devices, as well as medical equipment. This announcement is more gratifying as even during the current challenging period, Malaysia continues to provide added advantages to investors for high-value-added activities that promise a long term and sustainable growth.”

“This establishment will enable manufacturers to shorten their lead time by eliminating the need to send their products abroad for testing, hence provide speedier time to deliver their goods to customers. It will also allow manufacturers to reduce cost as the testing can now be done in the country,” added Dato’ Azman.

“Keysight is proud of our nearly 50 years of operations in Malaysia and our strong partnership with MIDA through the years, which has enabled the establishment of our latest facility here. We continue to be committed to helping our customers and our ecosystem in the region with our comprehensive solutions, even during the most difficult and demanding times,” said Dato’ Gooi Soon Chai, Keysight Technologies Inc. Senior Vice-president and Keysight’s Electronic Industrial Solutions Group(EISG) President.

Keysight started investing in Malaysia in 1972 with its first operations in the heart of Georgetown, Pulau Pinang. Today, it occupies a 42-acre site in Penang’s Free Industrial Zone, with a 1.2 million-square-foot state-of-the-art facility. It is one of the core sites for Keysight worldwide, with operations spanning business management, sales, support, marketing, manufacturing, research and development (R&D), supply chain and global infrastructure services.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. 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, Linkedin and Youtube channel.

For more information, please contact:

Ms Zalina Zainol

Director, Corporate Communications Division, MIDA

Tel.: 03-22632437 Email: [email protected]

Posted on : 08 May 2020

Keysight Opens Regulatory Testing Laboratory in Pulau Pinang Signifies Malaysia’s Strong Ecosystem for Emerging Technologies

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Construction of new semiconductors test center starts 2021

Bosch, a leading global supplier of technology and services, has announced the signing of a Sales and Purchase Agreement (SPA) with the Penang Development Corporation for land in the Batu Kawan Industrial Park in Penang. The company plans to build a manufacturing facility there focusing on the business of semiconductor components and sensor testing. The construction of the plant is scheduled to begin in 2021 and completion of the production area and first series production to commence in 2023. Some 400 associates are expected to work at the new facility.

The building will sit on an approximately 100,000 sqm of land and will primarily focus on the final testing of components manufactured at Bosch Automotive Electronics’ fab in Dresden, Germany. These components comprise semiconductors used in airbag systems or engine control units, to name a few. The plant will also house R&D and training facilities.

“With the long-term forecasts for growth of semiconductor component quantities, coupled with the front-end production in Bosch’s Dresden facility in Germany, capacity expansion is required for the back-end production, which is the final testing phase of semiconductors and sensors. This new site is also intended to strengthen the matured eco-system for the semiconductor industry here in Penang,” said Simon Song, managing director of Bosch Malaysia.

The semiconductor business at Bosch is part of the Automotive Electronics division within the Mobility Solutions business sector, with its headquarters located in Reutlingen, Germany. Other locations which Bosch Automotive Electronics is already testing components as intended for the facility in Penang are Reutlingen and Suzhou, China.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “Bosch’s commitment in complementing Malaysia’s electrical and electronics (E&E) ecosystem is a true reflection of the company’s continued confidence in Malaysia as a preferred destination for long-term growth. This project will also serve as a catalyst in developin

g a higher level of expertise through the adoption of Industry 4.0 and production automation in the industry.”

Penang, Malaysia as the preferred location for facility

The final testing facility in Penang will be the first of its kind for Bosch in Southeast Asia, and was chosen in the region for several reasons. First of all, there is a high level of semiconductor knowledge in the region. The proximity to business partners is another advantage. Malaysia and especially Penang have the ability to manufacture economically, even under cost pressure. According to statistics, Malaysia contributes ten percent of back-end semiconductor output globally, among which eight percent is contributed by Penang.

“The State government is pleased to further strengthen our relationship with Bosch, one of the eight pioneers that charted Penang’s industrialisation five decades ago,” said Right Honourable Mr. Chow Kon Yew, Chief Minister of Penang. “Bosch new investment ventures implies the company’s confidence in its technology for the future and Penang’s ecosystem is capable and sustainable in fulfilling the stringent requirements of the automotive industry.”

Penang is already home to three existing Bosch manufacturing sites and research and development offices since 1972. Robert Bosch (M) Sdn Bhd, Robert Bosch Power Tools Sdn Bhd, and Robert Bosch Automotive Steering Sdn Bhd produce car multimedia systems, power tools and automotive steering respectively. This is the largest number of manufacturing facilities in a single country for Bosch in Southeast Asia. To-date, Bosch’s workforce in Penang is more than 4,500 employees.

Contact person for media inquiries:

Zairynn Yazmi

Corporate Communications Robert Bosch (South East Asia) Pte. Ltd.

DID: +65(6)571-2059

Email: [email protected]

Press Release – Bosch

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Posted on : 03 June 2020

Bosch Malaysia to set up new plant in Penang

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B. Braun, one of the largest medical technology companies in the world, headquartered in Germany, announced the expansion of its portfolio of testing capabilities for healthcare solutions related to intravenous access, surgical technologies, intravenous systems, central venous puncture and pain control; in Penang

Penang, 2 June 2020 – B. Braun, one of the largest medical technology companies in the world, headquartered in Germany, announced the expansion of its portfolio of testing capabilities for healthcare solutions related to intravenous access, surgical technologies, intravenous systems, central venous puncture and pain control; in Penang.

Prior to the expansion, the Global Test Centre based in Penang had only supported 200,000 scientific measurements per annum for medical devices related to intravenous access and drug delivery systems. Due to the proven competencies, strong product knowledge and efficiency displayed by the local team of Malaysian engineers, the volume of product testing has been tripled to more than 600,000 scientific measurements per annum. Furthermore, medical devices for infusion systems, central venous puncture and pain control, which are being manufactured in Germany, have also been added to the portfolio being tested in Penang.

The Global Test Centre conducts design validation, discovery and shelf life testing, as well as failure analysis; and features state-of-the art test equipment and a fully integrated data management system, which is crucial to ensure the safety and efficacy of medical devices, used in the treatment of patients around the world. All products are tested to ensure adherence to the stringent requirements of the European Medical Device Regulation (EU MDR), United States Food & Drug Administration (US FDA) and other recognised regulatory authorities.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said “The Malaysian medical device industry has indeed showed great promise in creating high quality employment, reinforcing the domestic supply chain ecosystem, and generating greater export value. We have a strong presence of established supporting industries conforming to world-class standards that support the medical devices industry in the country. The nation’s legacy expertise in precision electronics has also provided our workforce the requisite skills in quality management and precision. We trust that these qualities draw world leaders in healthcare including B. Braun to continuously embrace the abundant business opportunities in Malaysia today.”

Mr. Lam Chee Hong, President of B. Braun Asia Pacific said, “For more than 180 years, B. Braun has protected and improved the health of people around the world, and we have built a strong reputation and trust among healthcare professionals for the safety and quality of our products and services. Staffed by a proven team of highly competent Malaysians, the Global Test Centre in Penang will further ensure that patients everywhere will continue to receive medical devices of the highest global standards.”

Occupying a 193,285 square metre (47.8 acres) site in Penang’s Free Industrial Zone, B. Braun Medical Industries is one of the largest production sites of the Group, with over 7,600 employees. Established in 1972, B. Braun is a pioneer foreign investor in the northern state, which has evolved into the nexus for the medical device industry in Malaysia. The site houses four production plants manufacturing intravenous access solutions, pharmaceutical products and surgical instruments for global markets; as well as the Group’s global Centre of Excellence for Intravenous Access with full R&D capabilities, and B. Braun’s Asia Pacific regional headquarters.

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For more information, please contact:

Ms. Balkish Mohd Yasin

[email protected]

DL: +603 2267 3458

Ms. Joanna Ng

[email protected]

DL: +604 632 4399

About MIDA

Posted on : 02 June 2020

B. Braun Expands Its Global Test Centre for Medical Devices in Penang, Proving Malaysia’s Capabilities in Scientific Measurement

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Kuala Lumpur, 16 June 2020 – The Licensing Officer of the Ministry of International Trade and Industry (MITI) has agreed to grant an extension of the project implementation period for companies, which have been accorded Manufacturing Licences under the Industrial Coordination Act, 1975. This is part of the pro-active measures undertaken by the Government in ensuring that the Malaysian economic sectors remain competitive despite the current COVID-19 pandemic.

Under the normal procedure, licensed companies are required to implement their approved projects within a period, as stipulated in their Approval Letter of Manufacturing Licence. With the implementation of this relaxation mechanism, an approved manufacturing company will be automatically given an extension of 12 months to implement their projects. The 12-month extension period will commence from the end date of the implementation period stated in the approval letter.

This automatic extension shall only be applicable and available to companies that have obtained Interim Approvals or Manufacturing Licences under the Industrial Coordination Act, 1975 from MITI, and have yet to implement their projects.

To enjoy this automatic extension, companies are required to apply to the Malaysian Investment Development Authority (MIDA), a government agency under MITI, by scanning the QR Code provided herewith. Companies can submit their applications to MIDA from 16 June 2020 until 31 May 2021.

https://forms.gle/dvPMrzVE9EWCtKnC7

The Government hopes that this measure will support and stimulate the growth of the manufacturing sector that has been affected by the pandemic.

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For more information, please contact:

Ms. Zakiah Sajidan
Director, Compliance and Monitoring and Licensing Monitoring Section, MIDA
Email: [email protected]
Tel : 03-2267 3500

About MIDA

Media Release Extension Of Project Implementation Period for The Manufacturing Sector

Extension of Project Implementation Period for The Manufacturing Sector

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Standard Chartered Malaysia has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract targeted global investments into Malaysia

11 June 2020, Kuala Lumpur – Standard Chartered Malaysia has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to attract targeted global investments into Malaysia.

These sectors include high-value, high-technology and high-impact investments such as electrical and electronics, machinery and equipment, medical devices, aerospace, renewable energy and consumer technology. The MoU, through Standard Chartered Malaysia’s local expertise and global reach, enables potential foreign investors to gain access to banking services and foreign direct investment advisory.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, says that the sectors’ ability in attracting quality investment augurs well for the country’s economy as the market looks to get back in shape post the COVID- 19 pandemic. “Public and private sector collaborations are more important now than ever to achieve our objectives and bring ourselves forward in this new normal. Despite the multiple challenges faced, Malaysia remains resilient. Our diversified economic structure and the sound track record of macroeconomic management continues to be conducive in supporting the country’s economic fundamentals going forward. The sustainable and progressive development of industries in Malaysia has also strengthened the nation’s position as the best place to invest. MIDA looks forward to a successful collaboration with Standard Chartered to attract more companies to choose Malaysia and expand their business here.”

Malaysia’s electrical and electronics industry today accounts for 10% of the global back-end semiconductor output. MIDA currently has a pipeline of investment projects worth about RM37.8 billion with many foreign electrical and electronics firms looking to relocate their businesses to the country to diversify production. To encourage foreign investors to set up their businesses in Malaysia, the Government is also offering a zero- tax rate for up to 15 years under its recently-announced Short-Term Economic Recovery Plan.

Mr Abrar A. Anwar, Managing Director and Chief Executive Officer of Standard Chartered Malaysia said, “Having operated in Malaysia for 145 years, we remain as committed as ever to facilitate the economic growth of the country. Our strong presence in Asia, Africa and the Middle East is an important enabler for foreign investments and will go a long way in supporting companies to venture into Malaysia. We are able to

leverage our extensive network, strong product capability, service innovation, as well as access to capital markets and funding, to help clients succeed in establishing businesses in Malaysia.”

Standard Chartered recently won the Best Trade and Supply Chain House in Malaysia award at the Corporate Treasurer Awards 2019 as well as Best in Treasury and Working Capital (Large Local Corporates) and Best Service Provider (Liquidity Management) in Malaysia at The Asset Triple A Treasury, Trade, SSC and Risk Management Awards 2020. As the banking industry undergoes one of its biggest transformations, the awards is a recognition of the Bank’s suite of products and services that continue to be relevant to businesses today.

— ENDS —

For media enquiries, please contact:

Sikh Shamsul Ibrahim Sikh Abdul Majid

Director, Foreign Investment Promotion Division

Malaysian Investment Development Authority (MIDA)

+603 2267 6633

[email protected]

Geraldine Tan

Head, Corporate Communications and CCIB Marketing

Standard Chartered Malaysia

+6012 907 1740

[email protected]

Note to Editors

About MIDA

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

Standard Chartered Malaysia

Standard Chartered Bank, a member of the Standard Chartered Group was established in Malaysia in 1875. As Malaysia’s first bank, Standard Chartered leads the way through product innovation, consistent and strong growth performance and sustainability initiatives. The Bank provides a comprehensive range of financial solutions to corporates, institutions and individuals through its network of branches across Malaysia. The Bank has an Islamic banking subsidiary, Standard Chartered Saadiq; a global shared services centre, Standard Chartered Global Business Services; a sales arm, Price Solutions and an offshore facility in Labuan. Standard Chartered employs over 7,000 employees in all its Malaysian operations.

Standard Chartered

We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

Posted on : 11 June 2020

Standard Chartered collaborates with MIDA to recharge Malaysia’s economy

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DexCom, Inc. (Nasdaq: DXCM), a global leader in continuous glucose monitoring (CGM) for people with diabetes headquartered in San Diego, California, has chosen Batu Kawan Industrial Park as their third manufacturing site. This new site, the first outside of the United States (US), will help increase the production of Dexcom’s industry-leading CGM systems.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), in welcoming Dexcom into Malaysia’s medical devices ecosystem, said, “This is an excellent example of how global companies are making their decisions based on investment fundamentals. Despite the current pandemic, Malaysia remains an attractive investment destination due to its diversified economy and comprehensive ecosystem. These offer companies the potential to realise many business opportunities.”

“We are confident that Dexcom will benefit from our solid ecosystem backed by strong supporting industries, pragmatic investor-friendly business policies as well as global conformity-assessment bodies that are already present in the country. We hope that Dexcom’s investment here will be a boost for leaders within the industry and its supply chain network to choose Malaysia as their investment destination,” Dato’ Seri Mohamed Azmin said.

He added, the industry shows great promise in generating high-income jobs, building greater export value, and reinforcing the domestic supply chain ecosystem. “It will be a boon to our industry for new investments to support our local businesses through technology transfer and integrating our local vendors into their global supply chain,” Dato’ Seri Mohamed Azmin said.

Dexcom’s proposed manufacturing facility will create significant job additions over the next ten years, including roles in manufacturing, facilities management as well as manufacturing related research and development (R&D) and will be designed for potential growth and expansion over time.

Mr. Quentin Blackford, Executive Vice President, Chief Financial Officer and Chief Operating Officer at Dexcom said, “We recently made the decision to develop our third manufacturing site in the Batu Kawan Industrial Park, Malaysia to support our continued growth.”

“After vetting numerous potential locations, we determined this site in Malaysia is a great fit for our future manufacturing needs. The growing awareness of Dexcom CGM and our belief in the significant growth opportunity for our technology are driving the need for expanded manufacturing. This new site is supplemental to our existing manufacturing facilities and will help Dexcom meet the needs of global demand for CGM for years to come,” Blackford added.

With capabilities of producing high value-added and technologically advanced products such as cardiac pacemakers, stents, orthopedic implantable devices, electro-medical, therapeutic and, monitoring devices, Malaysia is well-positioned to be the manufacturing hub for medical devices in Asia.

As of 2019, a total of 402 medical devices projects with investments worth RM20.5 billion (USD5.6 billion) have been implemented in Malaysia and created more than 76,500 jobs for the country. For 2019 alone, the Malaysian Investment Development Authority (MIDA) approved 31 medical devices manufacturing projects worth RM3.98 billion (USD0.97 billion).

Dexcom

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About MITI

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

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. 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, Facebook, LinkedIn and YouTube channel.

For more information, please contact:

Ms. Balkish Mohd Yasin

Director, Life Sciences & Medical Technology Division, MIDA

Tel.: 03-2267 3458 | Email: [email protected]

MIDA Release Dexcom

Posted on : 24 June 2020

US-Based Dexcom Chooses Malaysia To Open Its Third Continuous Glucose Monitoring System Manufacturing Site

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