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MIDA in collaboration with SOCSO wishes to invite you to join the Industry Career Talk , Listen & Act: Paving Your Way To Industry on 31 March 2021 from 10:00 AM to 11:30 AM. This talk is expected to expose students, graduates and job seekers on skills required and the industry itself.

You will listen from Mr. Asran Rozain, Senior Business HR Manager – Technical & Production Division in Nestlé who will share his thoughts towards the topic and would enable the audience to gain knowledge of the industry’s environment which could assist in career progression. This platform will also provide opportunities for the audience in obtaining information on the vacancies available under Nestle. The Talk will be moderated by Puan Azrina Hashim, Senior Deputy Director, Industry Talent Management & Expatriate Division, MIDA

Who should attend?
Graduates, students and job seekers who are looking for opportunities on the overview of industry as well as skills required for a career progression.

The details of the Industry Career Talk are as follows:

Date : 31 March 2021

Time : 10.00 a.m. – 11.30 a.m

Platform :Online Zoom (Registration https://zoom.us/webinar/register/WN_7O494YRLR5GmgurFESNsyA. Link will be provided through your email address after the registration.

Please be informed that this event is FREE and only who are registered via the link will be allowed to enter. For more information, please contact [email protected] and [email protected]

Industry Career Talk – MIDA in collaboration with SOCSO

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MIDA, through its InvestMalaysia system will be launching an enhanced online application submission module by 26^th March 2021 (Friday) at 9.00 am via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the enhanced online application module are as follows:

Enhanced Manufacturing Licence (e-ML)
Exemption letter from ML
Enhanced Incentive (e-Incentive)
Expatriate Post & RE/RO
Permit (PDA 2)
R&D/IILS/DIILS Status
Domestic Sales
Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
Enquires/Feedback
Online Technical Support

Kindly be informed,

The current e-ML (https://eml.mida.gov.my) and e-Incentive (https://eml.mida.gov.my/incentive ) will no longer accept applications effective 25^th March 2021 (Thursday).

https://investmalaysia.mida.gov.my will be down from Wednesday, 24th March 2021 6pm to Friday, 26th March 2021 9am.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: [email protected]

MIDA Introduces Enhanced Online Application

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“Welcoming Investors, Keeping You Safe”

Kuala Lumpur, 23 March 2021 – Malaysia is welcoming business travellers to Malaysia while keeping everyone safe by introducing a Business Travellers Centre (BTC) at the Kuala Lumpur International Airport (KLIA). The BTC, launched today by the Senior Minister and Minister of International Trade and Industry YB Dato’ Seri Mohamed Azmin Ali, functions to facilitate the entry of foreign business travellers into Malaysia.

Located at Gate C36, Satellite Terminal, KLIA the BTC is now open for short term foreign business travellers planning to carry out their business tasks in the country. The launching of the BTC today also marks a major milestone of the Government’s unwavering mission to revive the economy and to pave the way for economic rebound in 2021.

According to Dato’ Seri Mohamed Azmin Ali, despite the challenges posed by the COVID-19 pandemic, this year will be a promising year for the Malaysian economy as the Government is committed to easing business operations for both local and foreign businesses alike.

“Malaysia has pro-business and pragmatic policies that support the investment climate in the country. Our supportive business ecosystem is in fact a catalyst to attract investors not only to conduct new business activities, but to also expand and diversify their existing operations here. The BTC is reflective of our responsiveness to the current situation and in finding progressive solutions to ensure we can achieve a balance in protecting lives and livelihoods,” said the Senior Minister.

The BTC is one of the key components of the One Stop Centre (OSC) initiative by the Malaysian Government to ease the movement of Business Travellers – from entry to exit point. The Centre assumes a vital role in ensuring that Malaysia remains an attractive investment destination for foreign businesses.

It provides a seamless support system for short term Business Travellers by providing fast-track services such as below:

i. after disembarkation from the plane to taking the RT-PCR swab test at the dedicated COVID-19 Lab within the BTC, which results can be produced within 3 hours;

ii. after having declared healthy, the business travellers will proceed to the immigration green lane; and

iii. the Government will appoint a liaison officer for the business travellers with a specific business itinerary.

Short Term Business Travellers are business travellers who do not hold any dedicated entry passes and intend to stay in the country for 14 days or less, subject to the approval of the OSC committee and a strict set of Standard Operating Procedures.

To date, the OSC Committee has approved 93 applications for Short Term Business Travellers. The Short Term Business Travellers whose applications were approved are from investing companies with total investments valued at RM15 billion.

Moving forward, the Malaysian Investment Development Authority (MIDA) – an agency under Ministry of International Trade and Industry (MITI) – has identified RM82 billion worth of investments in potential leads and another RM65.9 billion in the pipeline. In realising these potential investments, services by the OSC such as the BTC are critical. The BTC is a collaborative effort between MITI, MIDA, Ministry of Health (MOH), Department of Immigration Malaysia, Malaysia Airports Holdings Berhad (MAHB), and Malaysia Airlines Berhad (MAB).

For more information, please contact the OSC Secretariat at [email protected].

OSC Secretariat (Industry Talent Management and Expatriate Division)
Malaysian Investment Development Authority (MIDA)
Level 20, MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Phone: +603-2267 3633/3431

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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.

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Malaysia Introduces a Business Travellers Centre (BTC) at KLIA to Ease Entry of World Business Travellers

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KUALA LUMPUR, 16 March 2021 – A Memorandum of Understanding (MOU) was inked between the Malaysian Investment Development Authority (MIDA) and UMW Corporation Sdn. Bhd., a wholly-owned subsidiary of the UMW Group, to further drive high-value quality investments into the country.

The two parties will capitalise on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy. These include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development as well as industrial land development. The MOU will be a stepping stone to accelerate innovative and high-value industry stakeholders, including the UMW Group, to seize opportunities arising from the technology revolution in the new norm.

The MOU was signed by Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA and Dato’ Ahmad Fuaad Kenali, President and Group CEO of UMW Holdings Berhad, at MIDA Headquarters today.

Dato’ Azman reiterated, “As a vibrant industrialising and services-oriented nation, Malaysia has geared into the next level of development as our economy becomes more diversified to cater to new growth areas. Malaysia’s investment landscape will likely remain challenging in the backdrop of the pandemic, and this timely collaboration with UMW will facilitate our nation’s industrial ecosystem with the much needed infrastructure and new technologies. MIDA trusts that through UMW’s vast industry expertise and network, our local players and technology providers could benefit in the global supply chain network.”

“This partnership will also boost the Government’s on-going efforts to position Malaysia as the pre-eminent preferred investment destination in the region. Support for businesses includes the competitive tax incentives to spur investment activity under the National Economic Recovery Plan (PENJANA) stimulus package; dedicated Project Acceleration and Coordination Unit (PACU) unit to facilitate towards successful implementation of approved projects; as well as the timely One Stop Centre (OSC) initiative to enable business travellers to travel to and continue their work in Malaysia during this pandemic,” added Dato’ Azman.

Dato’ Ahmad Fuaad Kenali expressed, “The UMW Group is embarking on a transformation journey to strengthen our businesses through innovation and technology as key enablers to meet the challenges of the evolving business environment. We are constantly exploring and evaluating relevant opportunities to expand and grow our businesses to meet the anticipated future demand. The collaboration with MIDA will allow both parties to leverage on each other’s strengths to provide capacity building opportunities to attract high-quality investments into Malaysia.”

He further added that a strong collaboration between government agencies and private sectors is paramount in positioning Malaysia as an attractive investment destinatio

In 2020, Malaysia recorded RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors. These investments are expected to create 114,673 new jobs once implemented. MIDA has also identified high-profile foreign investment projects, including Fortune 500 companies in the manufacturing and services sectors, as negotiations are on-going with companies from various sectors such as automotive, chemical, and advanced electronics to make Malaysia their high-value manufacturing, services and global supply chain hub.

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About MIDA

About UMW

The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in three core business segments – Automotive, Equipment and Manufacturing & Engineering. The Group operates in 8 countries and has over 6,700 employees.

Moving forward, UMW strives to play a leading role in shaping the future of its industries. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.

For media enquiries, please contact:

Manjit Kaur Balkar Singh (Ms)
Phone : +603 2267 3509
Email : [email protected]

S Vikneshwaran (Mr)
Phone : +6019 850 5799
Email : [email protected]

MIDA and UMW Enter Into Strategic Partnership to Support Quality Investments in Malaysia

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The Malaysian Investment Development Authority (MIDA) through its dedicated unit, the Domestic Investment Coordination Platform (DICP), in facilitating local SMEs to develop further, has enabled a Malaysian financial technology (Fintech) start-up, Neurogine Sdn. Bhd. to seal an acquisition deal with Hadigy Limited, an investment holding company based in the UK.

The signing of the Shareholders’ Agreement would allow Hadigy Limited to acquire a 30 per cent stake or 1.929 million ordinary shares of Neurogine Sdn. Bhd., a Malaysian home-grown fintech start-up specialising in digitalisation of mobile banking, mobile payment and digital asset solutions.

The signing ceremony between Mr. Owen Chen Chee Onn, Chief Executive Officer (CEO) of Neurogine Sdn. Bhd. and Mr. Hari Iyer, Executive Director of Hadigy Limited was held virtually between Kuala Lumpur and London, witnessed by the CEO of MIDA, Dato’ Azman Mahmud at MIDA HQ.

“Among the major challenges for SMEs and start-ups to scale up include limited access to funding. MIDA has taken a proactive approach through DICP in supporting local companies, SMEs and start-ups in addressing the funding gap. The presence of foreign funders such as Hadigy Limited in this space would certainly help in accelerating the adoption of technology and stimulate the growth of fintech services in Malaysia,” said Dato’ Azman Mahmud.

Dato’ Azman Mahmud shared that in the wake of COVID-19 pandemic, the local technology segments of e-commerce, fintech and medical technology would be able to entice foreign equity or venture capital investments. These sectors, which provide remote solutions by minimising and eliminating physical contacts, have emerged stronger, driven by the renewed demands from industry users in observing the SOPs of COVID-19 as recommended by the World Health Organisation (WHO).

MIDA reckons fintech is poised as a growth driver in Malaysia in 2021 and beyond; and the country is ready to take advantage of fintech innovation. The strong support and initiatives by the Government for digital economy, supported by the growing middle class with 90.1 per cent of households having access to the Internet and 98.2 per cent access to mobile phones* are indications of the flourishing digital economy.
(*Source: DSOM report on ICT use and access by individuals and households-2019)

In line with the national investment aspiration to increase economic complexity and build Malaysian conglomerates, the Government, through MIDA and its DICP unit is committed in connecting Malaysian start-ups with international venture capital firms. The unit will further facilitate a sustainable growth path and a vibrant ecosystem for high-profile start-ups to thrive and flourish.

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.

Media contact:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | Tel.: +603 2267 3509

MIDA Bridges Malaysian Fintech Start-up and UK Investment Firm

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“Welcoming Investors, Keeping You Safe”

Kuala Lumpur, 3 March 2021 – The Malaysian government is very ‘pro-business’ and welcomes the entry of business travellers to carry out business operations amid the pandemic. In this regard, Malaysia’s Safe Travel portal which contains information and advisory services to facilitate business travellers’ entry into Malaysia is fully operational effective 3 March 2021. Both Short and Long Term Business Travellers may apply for entry permission through the dedicated portal at URL: https://safetravel.mida.gov.my. Short Term Business Travellers are required to submit the online application 14 days in advance of planned travel.

The portal is a critical component of the One Stop Centre (OSC) initiative that has been set up by the Malaysian Government effective 2 October 2020 to ease the movement of Business Travellers by expediting their entry to do business in Malaysia. The Centre assumes a vital role in ensuring that Malaysia remains steady on economic recovery and growth; while balancing public health and livelihoods, and strengthen Malaysia’s position as a competitive and preferred investment destination in Asia.

The One Stop Centre is represented by the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), Ministry of Health (MOH) and Immigration Department of Malaysia (IMI) to ensure the legitimacy and health status of business travellers before they enter into Malaysia. This initiative is also a joint collaboration between MIDA, Ministry of Foreign Affairs (Wisma Putra), Malaysia Airports Holdings Berhad (MAHB), Malaysia Airlines Berhad (MAB) and Talent Corporation Malaysia Berhad (TalentCorp).

Short Term Business Travellers

Short Term Business Travellers are business travellers who are not holding any passes, and intend to stay in the country for 14 days or less. They may be considered for exemption from mandatory quarantine subject to the approval of the OSC Committee and adherence to strict Standard Operating Procedures. Short Term Business Travellers are categorised as follows:

Potential investors seeking to do business in Malaysia
Existing investors, namely business owners, board members, executives and associates of companies in Malaysia (without Employment Pass)
Business customers for product qualification and validation before commercial production

Technical experts for ad-hoc emergency cases to serve single or multiple customers across Malaysia

Business Travellers from the above four (4) categories may also apply for Social Visit Pass under Long Term Business Travellers, should they plan to stay for more than 14 days in the country.

Long Term Business Travellers

Long Term Business Travellers are business travellers who hold valid passes and intend to stay in the country for more than 14 days. They will be subject to mandatory quarantine as per the Ministry of Health’s (MOH) guideline, Malaysia. The Long Term Business Travellers are categorised as follows:

New/Existing expatriates stranded abroad, namely active holders of Employment Pass (EP) and Resident Pass-Talent (RP-T).
New/Existing foreign technical experts stranded abroad with Professional Visit Pass (PVP) to serve multiple customers across Malaysia.
Frequent foreign business travellers (Exit & Return), including Regional Establishments (RE), Regional Operations (RO) and Principal Hubs (PH) representatives.
Permanent Resident (PR) Pass Holders.
Malaysia My 2nd Home (MM2H) Social Visit Pass Holders.
Frequent Malaysian business travellers (Exit & Return).
Social Visit Pass Holders.

Business Travellers must obtain relevant visas (if applicable) from the respective Malaysian Embassy or High Commission/ Consulate General Offices abroad before their departure to Malaysia.

For more information, please contact the OSC Secretariat at [email protected].

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About MIDA

Media Contact:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Malaysia’s Safe Travel Portal For Business Travellers Goes Live

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Kuala Lumpur, 2 March 2021 — YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia, received a courtesy call from Nine Dragons Paper (Holdings) Limited led by its Chairlady, Madam Cheung Yan, at his office in Putrajaya today. The meeting was also attended by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI); YBhg. Dato’ Azman Mahmud, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) and Mr. Zhang Cheng Fei, Deputy CEO of Nine Dragons Paper.

In welcoming the Group’s latest overseas venture into Malaysia, YAB Tan Sri Muhyiddin acknowledged that, “As of December 2020, a total of 572 manufacturing projects with China interest with investments of RM78.61 billion have been approved by MIDA. Nine Dragons Paper (Holdings) Limited and its subsidiaries are among the major paper and paperboard producers in Asia, engaging in the manufacturing of containerboard products, including linerboard, high performance corrugating medium, coated duplex board and carton box.”

“The Company is listed on the Hong Kong Stock Exchange’s main board and currently ranked first in the China Fortune 500 list under the sector of paper, printing and packaging companies. The Group owns facilities in China, Vietnam and the United States with an annual production capacity of more than 18.4 million tonnes and valued at more than 60 billion Renminbi (RMB). The Group also boasts of a total workforce of approximately 19,000 people. We are confident that Nine Dragons Paper being a China Fortune 500 company will be an endorsement for Malaysia as a preferred investment destination.” added YAB Prime Minister.

The Group’s investments in Malaysia consists of two (2) manufacturing facilities, namely ND Paper (Malaysia) Sdn. Bhd. in Bentong, Pahang involving the acquisition of an existing pulp and paper mill with total investment value of RM1.2 billion; and ND Paper Malaysia (Selangor) Sdn. Bhd. in Banting, Selangor with investment value of RM4.2 billion that will focus on test liner, kraft liner, corrugated medium paper, paper and pulp. These projects will create a total of 2,180 job opportunities of which, nearly 90 per cent will be Malaysians. The project in Banting, Selangor is expected to be in operation by 2022.

Both factories will be fully automated and equipped with Industry 4.0 technology such as system integration, Internet of Things (IoT), big data analytic and cloud computing from Europe and China.

Chairlady Cheung Yan remarked, “The investment environment in Malaysia is attractive. The country’s strategic location and infrastructure; established local supply chains that are well-integrated into the global value chain as well as the strength of its skilled talentpool offer an undeniable competitive advantage to our business. Moreover, Malaysia’s business-friendly policies such as its latest initiative of the One Stop Centre (OSC) for Business Travellers managed by MIDA to ease travel for businesses further strengthened our confidence in investing here. I am very grateful to make this investment decision based on these fundamentals. We believe governments and enterprises need to mutually support and collaborate with each other. We are ready to be part of Malaysia’s diverse industry.”

YAB PM reiterated that the Malaysian Government’s policy is always pro-business and very supportive and ready to offer attractive incentives to investors. To ensure Malaysia remains steady on the path of economic recovery and growth, the Government, through MIDA set up the OSC effective 2 October 2020. This initiative eases the movement of Short Term and Long Term Business Travellers by expediting their entry to do business in Malaysia through a dedicated committee represented by Ministry of International Trade and Industry (MITI), MIDA, Ministry of Health (MOH) and Immigration Department of Malaysia (IMI). This committee meets daily to ensure the legitimacy and health status of business travellers before they enter into Malaysia. Decisions are made within three working days for each applicant upon receiving complete information.

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About MIDA

About Nine Dragons Paper

Founded in 1995, Nine Dragons Paper has now become one of the leading paper manufacturing groups in the world after more than 20 years’ efforts in business development and efficient management, as well as continuous support from all of its business associates. The Group primarily produce linerboard, high performance corrugating medium and coated duplex board. It also produces printing and writing paper, specialty paper, pulp, high performance corrugated cardboard and high performance carton boxes. Nine Dragons Paper (Holdings) Limited was listed on the Main Board of the Hong Kong Stock Exchange in 2006.

Media Contacts:

MIDA
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Nine Dragons Paper
Isabel Kow (Ms)
Email: [email protected] | DL: +6012 313 0590

Malaysia Welcomes the Largest Paperboard Producer in Asia – Nine Dragons Paper to Invest RM5.4 Billion in Malaysia

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Manufacturing Sector Takes the Lead with an Increase of 10.3 per cent in Approved Investments

Kuala Lumpur, 2 March 2021 – The global economic environment in 2020 was very challenging, as a result of the COVID-19 pandemic, which had its contagion effects on major economies throughout the world. Despite the challenges, the Ministry of International Trade and Industry (MITI) through the Malaysian Investment Development Authority (MIDA) 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.

“Malaysia recorded a total of RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020. These investments are expected to create 114,673 new jobs in various sectors of the economy once implemented,” announced YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of MITI.

In contrast, a total of 5,287 projects with investments of RM211.4 billion were approved in 2019. This decline was weighed by the services and primary sectors which were directly impacted by declines in global demands due to the pandemic and the Movement Control Order (MCO) implementation.

In 2020, domestic direct investments (DDI) accounted for the bulk of the total approved investments with a contribution of 60.9 per cent (RM99.8 billion), while foreign direct investments (FDI) made up the remaining RM64.2 billion (39.1%).

The manufacturing sector led the way for total investments approved in 2020, recording RM91.3 billion, followed by the services sector RM66.7 billion and the primary sector with RM6.0 billion.

The People’s Republic of China (RM18.1 billion), Singapore (RM10.0 billion) and the Netherlands (RM7.0 billion) were the top three (3) FDI sources from overall economic sectors in Malaysia, accounting for more than half (54.8%) of the total approved FDI for the year. Selangor (RM38.7 billion) recorded the highest investments approved last year, followed by Sabah (RM21.0 billion), Sarawak (RM19.6 billion), Wilayah Persekutuan Kuala Lumpur (RM17.1 billion) and Pulau Pinang (RM16.0 billion). These five states alone contributed more than 60 per cent of the total approved investments for 2020.

Manufacturing Takes the Lead

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.

Malaysia’s manufacturing sector recorded approved investments of RM91.3 billion for 2020, an increase of 10.3 per cent from 2019. The number of manufacturing projects approved also increased by 6.2 per cent from 988 projects in 2019 to 1,049 projects in 2020.

When implemented, these approved manufacturing projects will create new jobs for more than 80,000 people. Of these, 35.8 per cent are in the managerial, technical and supervisory (MTS) positions, including engineers, plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

FDI accounted for 62 per cent (RM56.6 billion) of total approved investments in the manufacturing sector, while domestic investments constituted the remaining 38 per cent (RM34.7 billion). It is important to note that despite the challenging times, DDI surged by 22.6 per cent while FDI increased by 3.9 per cent compared to 2019.

The People’s Republic of China was the top investor in the manufacturing sector in Malaysia, contributing RM17.8 billion 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 five consecutive years. Other major sources of FDI include Singapore (RM8.8 billion), the Netherlands (RM6.5 billion), USA (RM3.7 billion), Hong Kong SAR (RM2.9 billion), Switzerland (RM2.8 billion), Thailand (RM1.9 billion), Japan (RM1.7 billion) and Republic of Korea (RM1.4 billion).

Selangor (RM18.4 billion) was the largest recipient of investments in the manufacturing sector for 2020, followed by Sarawak (RM15.7 billion), Pulau Pinang (RM14.1 billion), Sabah (RM12.0 billion) and Johor (RM6.8 billion). These five states constituted 73.4 per cent of total approved investments in the sector last year.

“Against the backdrop of the challenges due to the pandemic, new project investments, accounting for 66.9 per cent of the total manufacturing projects approved, were successfully secured in 2020. This is a testament to MITI and MIDA’s efforts to ensure business continuity and investors’ friendly policies are in place to enable investors to have the confidence to establish new operations in the country,” said YB Dato’ Seri Azmin.

“Our team has also tenaciously worked to ensure projects approved are implemented smoothly. This can be seen through the commendable rate of implementation in approved projects. For the period 2016-2020, a total of 4,178 projects were approved, of which 70.0 per cent with investments worth RM197.2 billion have been implemented in the country,” he added.

Moreover, 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 reflected in the increase of capital investment per employee (CIPE) ratio to RM1,138,055 in 2020 from RM1,052,497 in 2019. Furthermore, a total of 101 projects were approved with investments of RM100 million and above.

In terms of top-performing industries in 2020, the electrical and electronics (RM15.6 billion), petroleum products including petrochemicals (RM15.5 billion), basic metal products (RM14.4 billion), paper, printing and publishing (RM7.8 billion), machinery and equipment (RM7.1 billion), chemicals and chemical products (RM6.3 billion), rubber products (RM4.3 billion) as well as transport technology (RM3.9 billion) contributed nearly 90 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 devices outlined within the Eleventh Malaysia Plan (RMK-11) constituted more than one third (38.6%) of the total approved investments on the manufacturing sector with investments valued at RM35.2 billion in 2020. As the year 2020 marked the end of the Eleventh Malaysia Plan, the Government is currently finalising the Twelfth Malaysian Plan. This post-2020 blueprint will set the way forward for Malaysia’s development agenda over the next decade. We are optimistic that it will chart the way to further enhance Malaysia’s industrial competitiveness strategies in essential and key industries for sustainable economic transformation to elevate our manufacturing and the services sectors to the next level of sophistication and complexity in the new normal post COVID-19 and beyond,” remarked YB Dato’ Seri Azmin.

Notable projects that were approved last year consist of multinational corporations in the high-end and high-technology industries that are newly establishing their operations in Malaysia. This includes Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Pulau Pinang; where else Switzerland-based electrical measurement company, LEM will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors. Chinese-owned LSChem Industry will produce a variety of speciality oleochemicals in Tanjung Langsat Industrial Park, Johor Bahru. LSChem Industry’s project is expected to be catalytic to roll out the biodiesel initiatives in Malaysia, which is in line with the Government’s goal to increase the usage of biodiesel. Singapore-owned CytoMed Therapeutics (Malaysia) will also invest in the country to undertake stem cell research and therapy.

Existing MNCs also continue to undertake major reinvestments into high-end products and activities in Malaysia, illustrating Malaysia’s on-going value proposition to investors. Nippon Electric Glass (NEG), a leading Japanese manufacturer of speciality glass that had established their Malaysian operations since 1992 looks to expand their production capacity of glass tubing for pharmaceutical use in the country given the demand for its products following the COVID-19 vaccine roll-out. Additionally, US-based Bruker will be expanding its investments in Pulau Pinang to manufacture high-tech analytical scientific instruments such as optical and stylus profilometers, tribometers, X-ray diffraction tools, X-ray fluorescence instrumentation, optical emissions spectrometers and combustion gas analysers. Local players such as Amerix Metal Machining Technology have also seized the opportunity to expand and diversify their operation last year, further enhancing Malaysia’s supporting industry network capabilities. The Company’s expansion project looks to adopt a sophisticated high precision manufacturing concept in Computer Integrated Manufacturing (CIM) and process tracking model in customised Enhanced Resource Planning (ERP) system to produce automation electro-mechanical servo reel to reel moulding systems for the back-end semiconductor industry.

Continuous Investments for Services

“In 2020, Malaysia’s proposition as a hub for business and investment for the services sector attracted a total of RM66.7 billion in approved investments through 3,527 approved projects, accounting for the 40.7 per cent of the total approved investments in the economy. These approved services projects are expected to create 33,652 jobs to the economy,” said YB Senior Minister and Minister of MITI.

DDI dominated the total approved investments in the services sector, contributing RM60.2 billion (90.3%), where else FDI represented the remaining RM6.5 billion.

The majority of the main services sub-sectors showed a significant decline in approved investments except for MSC status projects and other services such as BioNexus status and software developments. The top five (5) contributors of approved investments in the services sector were real estate (RM31.2 billion), utilities (RM10.8 billion), support services (RM5.2 billion), telecommunications (RM5.2 billion) and MSC status projects (RM3.9 billion).

Under the purview of MIDA, the support services industry covered sub-sectors such as integrated logistics, research and development, green technology, integrated circuit design, oil and gas services and licensed warehouse.

“Last year, notable services projects approved include Redsol, a new joint venture large scale solar project between Malaysia and Netherlands in Perak; as well as the expansion of the Japanese firm, Fumakilla Malaysia’s R&D undertaking in developing insecticide products and other household products in the country as part as its efforts to centralise its R&D Centre to support its manufacturing activities carried out in Malaysia and Asia,” added YB Dato’ Seri Azmin.

Mining Takes the Lead in the Primary Sector

The primary sector registered approved investments of RM6.0 billion in 2020, compared to RM7.0 billion in 2019. The mining sub-sector led the bulk of investments in the primary sector, contributing 99.5 per cent of total investments approved in the sector. The rest of the primary sector investments comprise the plantation and commodities subsector and the agriculture subsector, which registered investments of RM27 million and RM2.4 million, respectively.

Bracing for a Better Tomorrow

Malaysia continues to be a competitive investment destination despite the current uncertainties, proven by its rankings in the global economic scene. The DHL Global Connectedness Index (GCI) 2020 positioned Malaysia second (2^nd) among Asia Pacific countries and sixteenth (16th) out of 169 countries for trade connectivity. A joint study by KPMG and The Manufacturing Institute in the US entitled ‘Cost of Manufacturing Operations around the Globe’ also ranked Malaysia fourth (4^th) among 17 economies in an assessment comparing the economy’s competitiveness as a manufacturing hub; positioning us ahead of countries in Asia such as China, Japan, Vietnam and India. Furthermore, Malaysia is ranked 12th in the World Bank’s Doing Business 2020 and 27th in the IMD World Competitiveness 2020.

“These rankings by reputable international agencies attests that on-going reform initiatives are on the right track to further enhance Malaysia’s competitiveness, productivity and governance which will help promote investments and accelerate national economic development,” said YB Dato’ Seri Azmin.

However, at the end of the third quarter 2020, the country saw a third wave of COVID-19 infections. This led the Government to implement the conditional movement control order (CMCO), to strike a balance between preserving lives and livelihoods; curbing the spread of the virus while allowing economic activities to open. The Government was forced to impose further restrictions via the introduction of MCO 2.0 due to the unabated virus surge. The implementation of MCO 2.0 has understandably raised the question of whether Malaysia would still be able to maintain the speed of economic recovery.

“The Government, through MIDA, continued to be at the forefront to entice more high-value investments in the areas of technology and innovation to position Malaysia as an alternative supply chain hub in Asia. Investors will undeniably derive value by taping on Malaysia’s well-established local supporting industry network and talented workforce to undertake high-tech products manufacturing and high value-added services to serve their clients in the region, in the present and the future,” added YB Dato’ Seri Mohamed Azmin Ali.

In efforts to increase the ease of doing business for investors in Malaysia, MIDA’s efforts has been intensified to re-engineer its business processes to raise the efficiency of the organisation’s various functions. Among the initiatives that have been implemented include the PACU@MIDA or the Project Acceleration and Coordination Unit to provide end-to-end facilitation for all projects approved to enable the timely implementation of investments in the country; as well as online modules, namely e-Manufacturing Licence (e-ML), e-Incentive and JPC Online Application to accelerate the necessary approvals for manufacturing licences, incentives and exemption of customs duties to expedite the execution of projects.

Additionally, despite the on-going international border closures and strict governmental standard operating procedures (SOPs) in place worldwide to contain the spread of COVID-19, MIDA continues to be responsive in providing advice and support to existing and potential investors through its established footprint of 20 overseas and 12 regional offices. It has been at the forefront to entice investments through innovative and aggressive investment promotion activities. A One-Stop-Centre (OSC) has also been established at MIDA to evaluate eligible business travellers’ applications to enter Malaysia for trade and investment purposes.

As at December 2020, MIDA has RM65.9 billion worth of potential investments being actively evaluated. These projects, once approved, are expected to be implemented within the year 2021 to 2022. MIDA has also identified 240 high-profile foreign investment projects, including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion. These include on-going negotiations with companies from various sectors such as automotive, chemical, and advanced electronics to make Malaysia their high-value manufacturing, services and global supply chain hub.

“The Government’s newly unveiling of Malaysia Digital Economy Blueprint (MyDigital) will also further accelerate Malaysia’s progress to becoming a technologically-advanced economy. The 10-year roadmap will lay the foundations for the country’s transformation towards an advanced digital economy and guide MITI and MIDA in our efforts to continue attracting high-value investments of the future,” said YB Dato’ Seri Mohamed Azmin Ali. While the year 2020 was a challenging year in many sense of the word, Malaysia is steadfast in its fundamentals as the pre-eminent preferred investment destination in the region. As we forge ahead in the new year on the path of economic revitalisation coupled with the rollout of the national vaccination programme, the Government remains committed to prioritising the needs of our people and businesses.

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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.

Media Contact:

Manjit Kaur Balkar Singh (Ms)

DL: +603-2267 3509 | Email: [email protected]

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Siaran Media

IPR

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Malaysia Records RM164 Billion of Total Approved Investments In 2020 Amid Global Pandemic

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Kuala Lumpur, 26 February 2021 – Cabot Corporation will continue its strategic investments to expand its manufacturing as well as research and development (R&D) capabilities at its plant in Port Dickson, Negeri Sembilan, Malaysia.

The global speciality chemicals and performance materials company announced the launch of its Engineered Elastomer Composites (E2C™) solutions in 2020 as part of its efforts in raising the bar within the tire and industrial rubber industry. To further expand manufacturing of its E2C solutions, Cabot is increasing its staff strength by more than 30 per cent as well as installing enhanced digital controls and automation systems. The Company is also signing a long-term extension and expansion of its land lease in Port Dickson.

Cabot’s Port Dickson site has led the industry by developing the first industrial scale, continuous liquid mixing process for natural rubber latex. With Cabot’s expanded R&D capabilities, it will continue to lead and advance rubber technology through specific innovations such as new tools for modeling and optimisation of liquid mixing, novel methods for characterising elastomer composites as well as automation of continuous rubber processing.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), welcomed the Company’s commitment and confidence in Malaysia, “This investment by Cabot, a global leader in the development and commercialisation of innovative elastomer composites, is even more recompensing in the backdrop of the current challenges surrounding the pandemic. It is a testament to Malaysia’s resilient business environment and promising returns to investors. MIDA is confident that Cabot will benefit from Malaysia’s solid chemical industry ecosystem, backed by investor-friendly business environment and policies as well as the availability of talented and skilled workers in the country.”

“Cabot has joined other industry players to choose Malaysia as their investment destination, particularly within the speciality chemicals sphere. As partners to investors, MIDA remains committed to drive high quality and knowledge-driven projects into Malaysia, in line with our national investment agenda for long term sustainable growth of the economy,” added Dato’ Azman.

David Reynolds, Vice President and General Manager at Cabot Engineered Elastomer Composites added, “Our plant in Malaysia has been a key asset for us as we have continued to develop and expand our portfolio of elastomer composites solutions. We are excited about the launch of our new E2C line of products and the sustainability benefits that they provide in a variety of customer applications. As such, we are committed to continuing to partner with MIDA to strengthen our investments in Port Dickson and support the growth of this high-performance product line.”

Cabot’s E2C solutions are a new category of performance rubber composites based on a proprietary liquid mixing process for natural rubber latex, including three commercially viable products for off-the road mining tire applications. Tires made with E2C solutions last longer and are more energy efficient, resulting in reduced raw material consumption, fewer end-of-life tires and lower carbon dioxide emissions.

Furthermore, during the rubber compounding process, E2C solutions require fewer mixing stages, shorter cycles and lower temperatures, translating into additional sustainability and economic benefits. As a result, E2C solutions support more sustainable mobility, a key element of Malaysia’s National Automotive Policy, designed to enhance the country’s economic competitiveness while reducing the negative impact on the environment.

Cabot’s E2CTM solution was also named in the European Rubber Journal’s inaugural Top 10 Elastomers for Sustainability List in July 2020. Learn more about the E2CTM solution at cabotcorp.com/e2c.

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About MIDA

About Cabot Corporation

Cabot Corporation (NYSE: CBT) is a global speciality chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and speciality carbons, activated carbon, inkjet colorants, master batches and conductive compounds, fumed silica, and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.

Media Contacts:

MIDA
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Cabot Corporation
Thirunavuc Karasu (Mr)
Email: [email protected]

Cabot Corporation, Producer of Engineered Elastomer Composites, Expands Investments in Malaysia for New Sustainable Rubber Technology

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Kuala Lumpur, 25 February 2021 – The Malaysian Investment Development Authority (MIDA) organised a virtual Domestic Investment Webinar to urge domestic stakeholders to implement digitalisation values and adopt innovation in their business to remain resilient. The session themed “Innovation and Transition to New Business Models” was supported by the Department of Polytechnic and Community College Education (DPCCE) of the Ministry of Higher Education (MOHE), Malaysia Productivity Cooperation (MPC), SIRIM Berhad and AmBank.

Mr. Ahmad Khairuddin bin Abdul Rahim, Deputy Chief Executive Officer II, MIDA, in his opening address, highlighted that “In order to drive business growth and staying relevant in current norms, business leaders, especially the small and medium-sized enterprises/businesses (SMEs) must be able to think creatively and embrace innovation into their business models. A willingness to innovate should also go along with a solid understanding on how to cultivate the innovation into life. The focus will be on assisting Malaysian businesses to shift from old conventional growth models to build new growth through adoption of the digital system.”

He added, “Malaysia’s Industry4WRD policy is an excellent guide. The incentives of Industry4WRD Readiness Assessment and its subsequent Intervention Fund offered by the Government enable domestic companies to assess their capabilities and readiness to adopt Industry4.0 processes, understand their present capabilities and gaps, as well as prepare feasible plans to move towards effective adoption of Industry 4.0. This represents the first step for companies in Malaysia to align with the rapidly changing technological landscape while developing new growth areas by prioritising operational efficiency and resilience through digital and automation technologies.”

“The Automation Capital Allowance (Automation CA), introduced in the 2015 Budget is also a major initiative to motivate domestic companies to undertake automation and machine upgrading. Another critical enablers are the skilled talent and up skilling programmes to drive and sustain Malaysia’s economic growth. The availability of a skilled workforce will support the transition of all economic sectors towards knowledge-intensive activities. The Smart Automation Grant (SAG) under the RM100 million allocation approved within the National Economic Recovery Plan or PENJANA , is another initiative awarded to eligible Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company. SAG will not only improve Malaysia’s industrial competitiveness and capabilities but also reduce our reliance on low-skilled foreign workers while creating new job opportunities in high value-added sectors.” added Mr. Ahmad Khairuddin.

In his remarks, Mr. Ahmad Khairuddin also highlighted on the ‘Lighthouse Project’ an initiative undertaken by MIDA to enable MNCs and local corporations that have successfully gained from Industry 4.0 transformation to guide and support Malaysia’s local manufacturing industries to also implement the Fourth Industrial Revolution processes in gaining business traction. “As Malaysia aims to reposition among the top Global Manufacturing Nations, MIDA continues to identify and attract foreign and local companies that have successfully adopted the Industry 4.0 key pillars to invest here” he stressed.

The webinar has successfully attracted more than 300 participants, including manufacturers, service providers and other potential investors. The session featured presentations by experts from MIDA, Ambank, DPCCE and SIRIM.

Companies interested in seizing to leverage on the various initiatives offered by MIDA, including Automation Capital Allowance (ACA), Industry4WRD Intervention Fund and Smart Automation Grant (SAG), may refer to the official website, 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.

Media contacts:

MIDA

Manjit Kaur Balkar Singh (Ms)

Email: [email protected] | Tel.: +603 2267 3509

MIDA Urges Domestic Companies to Adopt Digitalisation and Innovation in Their Business Models to Stay Competitive

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BANGI, Malaysia (Feb. 24, 2021) – DENSO MALAYSIA A Sdn. Bhd. a subsidiary of DENSO Corporation, Japan, a leading global mobility systems and components supplier will be expanding its production capacity in Selangor, Malaysia . The RM160 million investment project has been approved by the Malaysian Investment Development Authority (MIDA) and is scheduled to commence in April 2021 DENSO MALAYSIA products range from air conditioning systems, radiators, engine control units, airbag electronic control units, electric power steering and other products.

In recent years, electronic controls have been increasingly adopted in various vehicle systems . T he semiconductors ’ performance evolves continuously to enhance the safety standards of growing demand s for semi conductors to full autonomous electric vehicles.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, expressed “We are honoured ” to be selected as the country outside Japan to produce the advanced product s as a result of continuous research and development (R&D). Moreover, we acknowledge the operational expenditure of over RM20 million in the next five years would benefit the local business ecosystem, from insurance, legal, banking, information and communication technologies (ICT) as well as transportation industries”.

DENSO ’s decision to further expand their presence in Malaysia has proven that the country continues to be a competitive investment location for high value operations amidst global headwinds . This is a nother testament to MIDA’s efforts in attracting quality investment into Malaysia Dato’ Azman stressed.

DENSO has more than 40 years of experience in manufacturing in vehicle semiconductors. Established in 19 80 DENSO MALAYSIA A possesses extensive experience, skill s and knowledge in the production of electronic parts. It was selected to be the only production centre of semiconductors in ASEAN outside of Japan backed by Malaysia’s strong suppliers’ network, well developed infrastructure and a business friendly environment said Tomoya Nakamura, Managing Director of DENSO MALAYSIA.

DENSO MALAYSIA A will be venturing into the production of automotive semiconductors, ASIC named “Exposed Package (Ex PKG ))”, which is superior and competitive in term s of high functionality, efficient high heat dissipation, miniaturisation and cost reduction. This project is also in line with the Government’s National Automotive Policy ( 2020 to develop critical components within Next Generation Vehicles, mobility technology and autonomous driving.

The investment will establish fully automated machine production lines with DENSO designed manufacturing equipment and unique processing techniques that emphasize on high efficiency and high quality. The transfer of the product knowledge will also develop the local engineering skills among its workforce, through the dedicated DENSO ’s Hitozukuri (human resource development )” concept. In addition, the introduction of fully automated production lines will accelerate the moving toward Industry 4.0 technologies, such as IoT deployment, big data management and factory
automation in Malaysia.

DENSO MALAYSIA continues serving as the manufacturing and distribution hub that supplies to DENSO in Japan and other DENSO group companies a cross North America, China, Europe, and other regions. DENSO will help promote the exporting of automotive parts out of Malaysia and contribute to the growth of t he automotive industry in the country.

About DENSO

DENSO is a US $47.6 billion global mobility supplier that develops advance technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO ’s 200 global facilities produce thermal, powertrain, mobility, electrification, and electronic systems and create jobs that impact change s in world mobility . The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development (R& in the fiscal year ending March 31, 2020. For more information about global DENSO, visit https://www.DENSO.com/global

About MIDA

Media contacts:
MIDA:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | Tel.: 603 2267 3509

DENSO
DENSO CORPORATION
Email: [email protected] | Tel.: 81 566 55 9752

DENSO Embarks on RM160 Million Advanced Semiconductor Production in Malaysia

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Kuala Lumpur, 22 February 2021 – The Malaysian Investment Development Authority (MIDA) is partnering with CETIM (the French leading Technical Centre for Mechanical Industry), through a Memorandum of Understanding (MOU) to encourage, promote and facilitate cooperation in the niche engineering and manufacturing technology including in emerging fields such as Smart Manufacturing, Industry 4.0 and Circular Economy.

The MOU highlights the collaboration between MIDA and CETIM to further strengthen Malaysia’s technological ecosystem by attracting quality investments. Both parties will undertake joint initiatives such as applied research activities, training and attachment programmes; exchange technical information and expertise in the research and development of industrial technology; as well as facilitate collaboration with local higher learning institutes and research organisations in the field of industrial development.

In welcoming CETIM to consider setting up its Asia Pacific office here in Malaysia as their Regional Centre, Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA, iterated that this MOU is a direct reflection of the MIDA’s on-going initiative to enhance Malaysia’s technological landscape in line with the national Industry 4.0 agenda.
“MIDA has always been a conduit between entities such as CETIM, industry players and academia to create effective new collaborations in line with Malaysia’s investment aspiration agenda to develop high value-added, capital- and knowledge-intensive industries. Especially now, given how the pandemic has changed the way we live and do business, there are unprecedented vacuum and emerging opportunities within the technological sphere for our stakeholders to tap upon. We are optimistic that this initiative with CETIM will increase technology capabilities of our industries, and lead to further investments in new and emerging fields. Innovation through strategic collaborations in R&D activities and Center of Excellence are now more crucial than ever for businesses to adapt to the new norm, while remain resilient and competitive,” said Dato’ Azman.

Mr. Daniel Richet, CEO of CETIM, is very pleased to initiate this new cooperation to support MIDA and Malaysia in its ambitious technological development programme and eager to launch, through joint industrial and R&D collaborative projects, concrete actions on 4.0 cooperation, talent development and knowledge sharing.
“As MIDA has always been looking for international cooperation with major industrial countries, and therefore looking for a prominent French technology partner, it became logic to see CETIM and MIDA being in contact since 2013, and then further explore the best ways to handle the issues and challenges in implementing Industry 4.0 in the Malaysian industrial landscape. CETIM has a long history and experience in supporting R&D, innovation and development of all companies, including SMEs in the mechanical industry, in France first, through national programmes for robotics, additive manufacturing; and then internationally. We are proud to be associated with MIDA, as Malaysia is now embarking on important priorities such as industrial automation and digitalisation,” mentioned Daniel Richet.

As the leading French player in the fields of mechanical engineering innovation and R&D, MIDA is optimistic of CETIM’s reputation and capabilities to provide comprehensive services to Malaysia’s industry and to improve companies’ competitiveness through mechanical engineering, transfer of innovations and advanced manufacturing solutions.
This will ultimately contribute to the country’s shift towards advance manufacturing, knowledge-driven, higher value-added and industry-driven research activities. It will also promote a circular economy, whereby waste and leakages are systematically phased out through careful product design and management, coupled with efficient business models. It is hoped that this will lead to a more sustainable and productive business model in line with the greater agenda of the United Nation’s Sustainable Development Goals.

As the principal investment promotion and development authority in the country, MIDA has been consistently promoting investments in R&D, including undertakings within the Industry 4.0 drivers. The agency continues to step up its efforts to drive stronger R&D linkages between the industry and, tertiary and research institutions. As to date, MIDA has approved 195 R&D projects with total investments of RM3.0 billion. These comprise of approved companies of 46 In-House R&D facility, 79 Contract R&D Companies, 30 R&D Companies, 24 R&D Status Companies as well as 16 national strategic R&D projects. These R&D have spurred innovative technologies within the industries in Malaysia through enhancing of knowledge workers as well as the transfer of technologies.The Government continues to support the R&D framework in the country through various incentives and financial assistance. MIDA, in particular, offers tax incentives to manufacturers with in-house R&D facilities or research service providers. Investment Tax Allowance (ITA) incentive is offered to entities that are approved as R&D Company,

Contract R&D Company, or In-house R&D facility; where else Contract R&D companies may also opt for Pioneer Status incentives.
To further invigorate R&D activities, the firms that receive services from R&D status companies are eligible to claim for double deductions on eligible incurred expenditure to the Inland Board Revenue (IRB). This is an effective way to promote R&D services and pitch into the R&D ecosystem as a whole. MIDA hopes for more companies to leverage upon this support to build their long-term competitiveness and sustainability.

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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.

ABOUT CETIM
Since 1965, CETIM, the French Technical Centre for Mechanical Industry, has been supporting innovation and competitiveness of companies thanks to its multidisciplinary skills, digital expertise and unique R&D capacity. With its international subsidiaries, its 8,000 customers in more than 50 countries, CETIM has become a world leading player to overcome environmental and Industry 4.0 main challenges with innovative solutions and services. In addition, CETIM is part of the Carnot Institute Network, under the aegis of the French government to enlarge the scope of R&D and promote partnership research with SMEs. For more information, please visit www.cetim.fr and follow us on Twitter, Facebook, LinkedIn and YouTube channel.

For media inquiries, please contact:

Ms. Manjit Kaur
E-mail: [email protected] | Phone: +603-2267 3509

Mr. Jean-Francois Atgé
E-mail : [email protected] | Phone: 012 285 7088

MIDA and CETIM Inks MOU to Strengthen Malaysia’s Manufacturing Sector Towards Advance Engineering and Technology in line with Malaysia’s Investment Aspirations

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Kuala Lumpur, 22 February 2021 – Leuze electronic GmbH + Co. KG, short: Leuze, one of the world class optical sensor producers, has identified Malaysia for its first production plant in Southeast Asia. During a virtual press conference held recently in January 2021, while presenting the company’s 2020 performance and its outlook for 2021, Leuze made the official announcement of the new manufacturing plant’s opening in Malaysia. The plant is currently under rapid construction phase.

Dato’ Azman Mahmud, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) congratulates Leuze on their significant move to Malaysia for the business expansion. This decision speaks volumes of the confidence Leuze has in Malaysia. MIDA initiated the first contact with Leuze in December 2018. Since then the Malaysian Government through MIDA has been engaging with Leuze‘s team to facilitate the project’s provisions, especially in obtaining the necessary licence approval.

Dato’ Azman reiterates, “Malaysia has a mature and diverse ecosystem for the rapid development of sensor applications in the electronics industry. The milestone of Leuze’s activities in Malaysia is definitely in line with the Government’s aspirations to transform Malaysia into a high technology and knowledge-based economy. New era of electronics is emerging globally and MIDA is in the forefront of the technologies, as Leuze will bring in frontier sensor products and new technology into the country.”

Leuze, known as the specialists in the optical sensors, will be establishing its first production facility in the ASEAN region and second in Asia, after the opening of their factory in Shenzhen, China in 2006. To cater to the high demand in Asian market, Leuze decided to expand its international production locations, also to support the company’s multi-location production strategy. The company offers an extensive line of optical electronic sensor products for electrical automation. It is active in intralogistics, packaging, tooling, automotive and lab automation. Its group has more than 1,200 employees in 21 subsidiaries in the development, production, sales and services segmentations worldwide. In addition, more than 40 distributors are actively servicing Leuze’s five (5) existing production plants and soon, the upcoming plant in Melaka, Malaysia.

According to Sebastian Raible, Director of Global Projects Operations and Project Manager of Leuze’s construction project in Malaysia, “Melaka plant will primarily produce sensors for the lucrative market in Asia. The new production site will operate as Leuze Electronic Malaysia Sdn. Bhd. and will be a 100 per cent subsidiary of Leuze Electronic GmbH + Co. KG, Germany. The plant is being constructed on a site area spanning over 17,000 square meters and the first building stage of the plant is estimated to be completed by the first quarter of 2022. Besides some minor impacts in the construction works due to the MCO, the project runs as planned and the pilings as well as the groundwork are in process at the moment. With the great support of the local authorities in Melaka, Leuze expects no further impacts on the construction project.”

He added “One reason for selecting Melaka for the new Leuze production site was because of the excellent talent pool in the region. The well-established universities in Melaka as well as the thriving electronic industry played an important role in the site selection process.”

“With a total usable floor space just below 7,000 square meters in the first expansion phase, the new Leuze plant targets a demand of 150 to 200 qualified employees”, said Jochen Wimmer, Chief Operating Officer of the Leuze Group.

“In the medium-term, Leuze is also targeting for future partnerships with the local universities. With the support of MIDA, Leuze has successfully started hiring local graduates in engineering positions, in line to provide adequate training to the young talents prior to starting the production”, explains Jochen Wimmer.

Meanwhile, Dato’ Azman also emphasised “The Government will ensure Malaysia remains as the preferred investment location with a favourable environment for quality investments. Investors from Germany such as Leuze, acknowledge and benefit from the competitive advantages the nation has despite the unprecedented pandemic. We are at the vanguard to entice more new investments in the areas of technology and innovation to position Malaysia as a manufacturing powerhouse of Asia.”

Over the past 50 years, Leuze has evolved into a high-tech company and an innovation leader in industrial automation. The family-owned company was founded in 1963 in Owen, a small town in the state of Baden-Württemberg in Southern Germany, initially developing electronic sensors for textile sector, but soon after, expanding its product portfolio into various other industries. In 2020, during the global pandemic, Leuze achieved sales of 210 million euros, compared to 222 million euros in the previous year, which records only a five (5) per cent decline. “For a corona year we can be very satisfied with this result. That is why we rate 2020 as a successful business year, despite the small minus. Moving forward, Leuze is fully committed to its growth plans for 2021 and intends to double its sales again in the next few years.” said Ulrich Balbach, the CEO of Leuze.

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About MIDA

About Leuze Electronics

With curiosity and determination, the sensor people from Leuze have been forerunners for innovations and technological milestones in industrial automation for more than 50 years. They are driven by the success of their customers. The technology leader’s high-tech product range includes a number of different sensors for the field of automation technology. Among these are switching and measuring sensors, identification systems, and data transmission and image processing solutions. As a Safety Expert, Leuze is also focused on components, services and solutions for safety at work. Leuze concentrates on its core industries, in which the Sensor People have extensive, specific application know-how and many years of experience. These include intra logistics and the packaging industry, machine tools, the automotive industry as well as laboratory automation. Leuze was founded in 1963, headquartered in Owen/Teck in Southern Germany. Today there are more than 1,200 sensor people around the world who are working with determination and passion for progress and transformation to make their customers successful in a constantly changing industry. Regardless of whether in the technological competence centers or in one of the 21 sales companies, supported by more than 40 international distributors. www.leuze.com

Media contacts:

MIDA:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected]
Tel.: +603 2267 3509

Leuze:
Ms. Martina Schili (Ms)
Email : [email protected]
DL: +49 7021 573-116

Malaysia is the Preferred Location for German Based Leuze Electronic to Establish Its First Optical Sensor Production Plant in Southeast Asia

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Kuala Lumpur, 8 February 2021 – The recent report by The Straits Times of Singapore on 5 February 2021 regarding foreign investors fleeing Malaysia is incorrect. The piece falsely indicates that the United Nations Commission on Trade and Development (UNCTAD) report confirmed what has been spoken of anecdotally.

The UNCTAD report estimated that Global Foreign Direct Investment (FDI) flow fell by 42 per cent to an estimated USD859 billion in 2020 compared to USD1.5 trillion recorded in 2019. Almost all regions reported lower FDI in 2020 which were mainly due to the impact of lockdowns and a drastic decrease in the economic activities during the COVID-19 pandemic. The FDI flows to developing economies decreased by 12 per cent. FDI into South East Asia contracted by 31 per cent due to a decline in investments to the largest recipients in the sub-region; inflows in Singapore fell by 37 per cent, Thailand by 50 per cent, Indonesia by 24 per cent, Vietnam by 10 per cent, and followed by Malaysia by 68 per cent. Notably, the computation of FDI flows by UNCTAD is based on Balance of Payment (BOP) statistics, published by respective countries in the context of net FDI flows.

Lower net FDI inflow is not an unfavorable signal. Malaysia continues to attract high levels of gross FDI

According to the data by the Department of Statistics Malaysia (DOSM) for the period of January-September 2020, the total Gross FDI inflow into Malaysia was valued at RM108.2 billion compared to RM102.3 billion in the same period in 2019, an increase of 5.8 per cent. This is a considerable achievement given the Movement Control Order (MCO) and Recovery Movement Control Order (RMCO) in Q2 and Q3 of last year, respectively. The Gross FDI inflow is also reflective of the high levels of FDI projects approved and implemented in the economy (manufacturing, services and primary sectors) over the last few years. It is noted that the total FDI approved throughout 2018 to September 2020 was valued at RM206.02 billion.

The UNCTAD report estimated the net FDI flow into Malaysia for the whole year of 2020 totalled USD2.5 billion (approximately RM10.1 billion), a decrease of 68 per cent from the previous year’s performance. Based on the data from DOSM, Malaysia registered net FDI outflows in Q3, driven by the outflows from debt instruments amounting to RM9.35 billion in the stipulated period. This was reflected in inter-company loan extensions and scheduled loan repayments, which are typical for multinational corporations’ (MNCs) operations; as well as the trade credits granted to manufacturing firms, in line with substantial exports, especially in the electrical and electronics (E&E) sector. Notably, Q3 2020 is an exceptional period for the first time since Q4 2009. Meanwhile, equities moderated to RM13.40 billion from RM17.33 billion in January to September 2019, a decrease of 23 per cent compared to the estimated global FDI drop of 42 per cent in 2020.

The net FDI flows are determined by many factors including abnormal disruptions in the global economy which could result in larger repatriations due to loan repayments and borrowings from their HQ and affiliates overseas for the particular year. The decline in 2020 mirrors the situation Malaysia experienced in 2009 after the subprime crisis in the US. MNCs in Malaysia were repatriating higher amounts of their profits for loans repayments and retaining earnings to help their HQ and affiliates faced with financial difficulties. The same can be said for 2020 when the world was hit by the pandemic.

Net FDI flows also indicates the maturity of Malaysia’s monetary policy which allows for the repatriation of capital, interest, dividends and profits, which is a prerequisite for a trading nation such as Malaysia. This business-friendly investment policy has also strengthened Malaysia’s position as a regional and global supply chain hub. A lower net FDI is not necessarily an unfavourable sign. For example, the E&E Industry which is one of the largest FDI recipients in Malaysia recorded a trade surplus of RM134 billion or 74 per cent of Malaysia’s total trade surplus of RM185 billion in 2020. It is the backbone of the manufacturing sector in Malaysia, contributing 39 per cent to total exports and 48 per cent to total manufacturing exports, not to mention the diverse ecosystem and supply chain the industry has created. The FDI stock in Malaysia is prominently high, totalled to RM689.1 billion as at end of September 2020.

Various factors affect business decisions of foreign investors

The Straits Times article highlighted news of Korean automaker Hyundai relocating its Asia-Pacific headquarters from Malaysia to Indonesia and the closure of Panasonic solar panel plants in Malaysia, hence insinuating that Malaysia is no longer an attractive investment location for MNCs. Taking a closer look at the reasons behind these business decisions will illustrate a different truth.

The ASEAN market has been targeted by Hyundai as an alternative market to China. As such, the roles of Hyundai’s Asia Pacific regional headquarters (HQ) in Malaysia have expanded and are classified as an incomplete form of HQ due to the absence of a production plant in Malaysia. However, with Hyundai’s new manufacturing plant in Indonesia, the new Hyundai HQ is expected to be a fully-formed space with increased production and sales. The lower demand for Hyundai cars in Malaysia also contributed strongly to their relocation decision.

As for Panasonic, the Group has been established in Malaysia for more than 30 years with 22 subsidiaries operating in the country. They are engaged in various activities ranging from manufacturing, research and development (R&D), sales and marketing. The recent announcement is on the closure of one of its subsidiaries in Malaysia producing photovoltaic (PV) or solar panels. This is due to Panasonic Corporation, Japan’s decision to discontinue the production of wafers, solar cells and solar modules at its factory, both in Japan and Malaysia. This corporate decision was driven by the declining price of global solar cell market and the increase of raw material costs arising from global expansion by Chinese companies, which would require higher capital investment for Panasonic to remain resilient in the solar business. Malaysia remains the third largest manufacturer of PV-cells and modules in the world, after China and Taiwan. Malaysia currently hosts a comprehensive photovoltaic ecosystem consisting over 250 companies in upstream (wafers and cells) and downstream (inverters and system integrators) activities. Among notable companies in Malaysia include First Solar and SunPower (USA), Hanwha Q Cells (Korea), Longi, Jinko Solar and JA Solar (China). MIDA has also recently approved a major integrated solar project that will further solidify Malaysia’s role in the global PV industry. An announcement on this project will be made soon.

For the whole of 2020, nine existing foreign-owned manufacturing companies with total investments of RM394.3 million in Malaysia had implemented business rationalisation measures. These companies have either closed their business operations in Malaysia or relocated to other countries due to technology disruption that transformed their business landscape and reduction in demand for their products. This investment is a fraction of the total approved investment in the economy for the period January-September 2020.

Growth through complementarity among ASEAN countries

In addition, the recent announcement of tech companies moving into competing countries in the region does not deter Malaysia. There are various factors underlying business decisions to choose an investment destination. This includes low labour costs, large size of the domestic market as well as the availability of mineral resources. While potential investors in the automotive industry are considering setting up their assembly plants in neighbouring countries, Malaysia remains a major producer of semiconductors and sensors for cars. In fact, Malaysia is still at the forefront of the new ICE age (Internal Computed Engine – ICE) that requires semiconductors as the driver of the Electric Vehicle (EV) Industry.

Malaysia being a major supply chain hub in the region would further encourage Malaysian companies and industries to undertake investments to supply technology, products and services to this MNCs investing in ASEAN countries. The FDI inflows into neighbouring countries should not be viewed negatively as Malaysia stand to benefits from the spillover effects of these investments. Malaysia has one of the most comprehensive ecosystem in the region in the electric and electronics (E&E), Machinery and Equipment (M&E), aerospace, automotive, and medical devices industries, to name a few.

Foreign Investors Confidence in Malaysia remains high

The Straits Times also quoted the viewpoint of the head of the EU-Malaysia Chamber of Commerce and Industry (EUROCHAM) on investors’ confidence in Malaysia. It is pertinent to note that the views of the CEO of EUROCHAM may not necessarily reflect the views of all its members. The Chamber also does not represent all foreign MNCs operating in Malaysia. As part of our on-going engagements, MIDA has been working very closely with all the International Chambers in Malaysia to assist and facilitate the concerns of their members.

The total approved investment for January to September 2020 and the announcement of major projects in the year signifies the foreign and domestic investors’ confidence in Malaysia. Despite the challenging global investment environment due to COVID-19, Malaysia recorded a total of RM109.8 billion worth of approved investments in the economy (manufacturing, services and primary sectors) for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities. FDIs accounted for almost 40 per cent (RM42.6 billion). The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5 per cent) or RM65.3 billion, followed by the services sector (39 per cent/RM42.8 billion), and the primary sector (1.5 per cent/RM1.7 billion). Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6 per cent compared to the corresponding period in 2019. FDI in the manufacturing sector particularly saw an increase of 3.2 per cent to RM39.4 billion. The realisation of these investments over the immediate to medium-term will provide support to economic growth in 2021 and beyond.

In 2020, Malaysia attracted a fair share of multinational corporations including Fortune 500 companies in the high-end and high-technology industries. This includes LAM Research, a US global Fortune 500 supplier of innovative wafer fabrication equipment and services to the semiconductor industry that has chosen Malaysia to expand its global footprint by establishing its advanced technology production facility; a new project by Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Malaysia; UCT (Ultra Clean Holdings Inc), a US-based Fortune 500 company, a leading developer and supplier of critical subsystems, ultra-high purity cleaning and analytical services, will be setting up their operations primarily for the semiconductor industry; Smith+Nephew from the United Kingdom that produces high-tech medical device products including knee and hip implants; LEM, a Switzerland-based electrical measurement company that will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors; MusicTribe, a US-based multinational leader for professional audio products and musical instruments, on the other hand, is leveraging Malaysia to set up an Industry 4.0-driven, fully robotised manufacturing facility in addition to their Principal Hub activities; and the most recent announcement by SK Nexilis, a Korean copper foil manufacturer producing electric vehicle batteries.

Existing MNCs also continue to undertake major reinvestments into high-end products and activities in Malaysia, illustrating Malaysia’s on-going value proposition to investors. These include Western Digital, a US Fortune 500 company and the third largest computer Hard Disk Drive (HDD), Solid State Drive (SSD) and flash memory devices manufacturer in the world, announced their additional investments in Malaysia to design, develop and manufacture media and substrates for HDD; Intel, a US Fortune 500 company will bring the latest Advanced Assembly and Test technology to Malaysia, marking a new milestone in the company’s 48-year history of investing and partnering in Malaysia; Wistron, the Taiwan-based Fortune 500 company engaged in the R&D, design, manufacture of E&E products has acquired Western Digital’s Petaling Jaya factory to undertake new business activities; Bosch, an existing German Fortune 500 company is setting up a manufacturing facility park for testing of semiconductor components and sensors; B.Braun, a German based company, expanded its global test centre for medical devices due to strong talent capability in Malaysia; Nippon Electric Glass (NEG), a leading Japanese manufacturer of specialty glass has also expanded their production capacity of glass tubing for pharmaceutical use in Malaysia given the demand for its products following the vaccine roll-out; Eppendorf, a leading German life science company that established an integrated centre for their shared services hub, covering functions such as IT, HR as well as Finance and Controlling, for the Group’s operations in the Asia Pacific, Middle East and Africa; TF AMD, a joint venture between Advanced Micro Devices (AMD USA) and Nantong Fujitsu Microelectronics Co Ltd (Nantong Fujitsu) is expanding and offers Outsource Semiconductor Assembly and Test (OSAT) services and servicing front-end semiconductor manufacturing, namely Wafer Level Chip Scale Packaging; and NTT, a Japanese Fortune 500 and world’s 4th largest Telekom Company recently announced the launch of its fifth data centre in Malaysia. These reinvestments by existing companies are testaments of Malaysia’s continued success to retain and encourage high-value operations by MNCs in Malaysia.

MIDA adopts a cautiously optimistic outlook

Being located in the Asia Pacific rim and the centre of ASEAN, Malaysia remains an attractive investment destination, particularly with a favourable investment environment, including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 Free Trade Agreements that Malaysia has signed. Malaysia maintained its strong position globally, ranking the second-highest in Southeast Asia and twelve (12th) out of 169 countries for trade connectivity in the DHL Global Connectedness Index (GCI) report in 2019. According to a recent joint study by KPMG and The Manufacturing Institute in the US entitled “Cost of Manufacturing Operations around the Globe”, Malaysia is ranked fourth among 17 economies in an assessment comparing the economy’s competitiveness as a manufacturing hub, which is ahead of countries in Asia such as China, Japan, Vietnam and India. Malaysia is also ranked high at 12th in the World Bank’s Doing Business 2020 and 27th in the IMD World Competitiveness 2020. The above rankings by various agencies further reinforce Malaysia’s position as a competitive and an attractive investment location.

Looking ahead, MIDA has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion. These include on-going negotiations with a number of world-renowned companies from various sectors such as automotive, chemical, and advanced electronics and deep-tech to make Malaysia as high-value manufacturing and Global Supply Chain Hub as well as Services and Regional Operations hub. Supported by the rapid growth of adoption of digitisation, there are enormous opportunities for investors to explore emerging technologies such as Big Data Analytics, Cloud Computing, Artificial Intelligence and Internet of Things (IoT) to embrace new ways of doing business and create more technology collaborations. In this regard, MIDA is in negotiation with multinational companies for the establishment of Data Services. The investment on Data Services will accelerate Malaysia into the digital space that will move the country up the value chain in key economic segments, including the services sectors such as ICT, data analytics, design and development. Most of these projects are subject to Non-Disclosure Agreements (NDA), hence announcements will be made once negotiations are concluded.

Presently, MIDA has also received RM47.7 billion worth of potential investments into the country. These projects, once approved, are expected to be implemented within the year 2021 to 2022.

Despite the on-going international border closures and strict standard operating procedures (SOPs) in many countries to contain the spread of COVID-19, MIDA continues to be responsive in undertaking innovative and aggressive investment promotion initiatives to entice FDI through its established footprint of 20 overseas and 12 regional offices. MIDA actively organises various digital investment promotion programmes such as virtual webinars on local and international platforms.

The establishment of a One Stop Centre (OSC) in MIDA effective 2nd October 2020 to ease the movement of business travellers by expediting the approval of their entry into Malaysia, is a major initiative by the Malaysian Government. This Centre assumes a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth by enabling business travellers’ movement to do their business in Malaysia during the pandemic. As at 5 February 2021, a total of 5,861 Long Term and Short Term Business Travellers have been recommended for approval by the OSC. These business travellers include businessmen and technical experts who provide technical advisory services and installation commissioning of the machinery and equipment.

While inflows of FDI are crucial for the continued development of the economy, the role of domestic direct investments (DDI) is not to be underplayed, as outlined in the 11th Malaysia Plan. Domestic investments will continue to assume a leading role in the growth of the economy. Among the major strategies include creating Malaysian conglomerates by identifying potential companies to provide the necessary support; harnessing on outsourcing opportunities created by MNCs operating in Malaysia; enhancing the current incentive schemes to assist Malaysian companies to scale-up; and intensifying technology acquisition by Malaysian-owned companies. Notably, in the total investments approved for the period Jan-September 2020, DDI accounted for 61.2 per cent, or RM67.2 billion, while foreign direct investments (FDI) made up the rest.

Over the last five decades, MIDA has assumed the critical and pivotal roles in contributing significantly to Malaysia’s rapid industrial development particularly in the manufacturing and services sectors by promoting investments, both FDI and DDI. MIDA’s strategies have gone through various transformations, in-line with the changing dynamics of the global and domestic economic landscapes. Moving forward, the Government will continue to be at the forefront to entice more high-value investments in the areas of technology and innovation to position Malaysia as an alternative supply chain hub in Asia. The latest international ranking by KPMG has cemented Malaysia’s position as a competitive investment location for investors. Through policy reviews and targeted approaches, the Government will ensure that Malaysia remains as the preferred investment location with a favourable environment for quality investments in Asia

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About MIDA

For more information, please contact:

Ms. Manjit Kaur Balkar Singh
Director, Corporate Communications Division, MIDA
Email: [email protected] | DL: +603-2267 3509

Malaysia Continues to be The Investment Destination for High-Value Manufacturing And Global Services in Asia

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Kuala Lumpur, 4 February 2021 – The Malaysian Investment Development Authority (MIDA) congratulates CIMB on their recent launching of CIMB GreenBizReady, a one-stop sustainability solution for Malaysian Small and Medium Enterprises (SMEs). This is a contemporary platform to catalyse the transition of Malaysian SMEs towards the green economy. With an allocation of RM250 million, SMEs will be empowered through financial solutions and incentives such as sustainability-linked financing benefits, access to sustainability service providers, training and capacity building, certification and advisory services, and business matching with the support of industry leaders and related Government agencies.

Being the principal investment promotional partner to the business community in Malaysia, MIDA is eager to support this newly launched initiative in facilitating CIMB to bring in more investments in the green technology projects by providing the necessary assistance to the business stakeholders.

Starting from 2016 to September 2020, MIDA has approved 1,317 green technology projects of investments amounting to RM18.55 billion, apart from 63 green services companies with a total proposed operational expenditure of RM318.51 million, under the Green Technology incentives. These commendable figures indicate the potential of more substantial investment flows in green technology areas within the country.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said “The COVID-19 pandemic has compelled economies to revisit their business strategies and operations to hold business revenues while building a more sustainable future. The CIMB GreenBizReady, reflects the commitment to assume a vital role in boosting the socio-economic development and growth of the green technology sector in Malaysia. The SMEs especially, will be equipped with practical knowledge and tools to incorporate economic, environmental and social (“EES”) considerations into their businesses in helping them becoming sustainability-ready for long-term business resilience.”

“More importantly, this platform is timely launched to assist green industry players to contribute in economic recovery whilst advancing Malaysia’s green agenda and aspiration for sustainable growth, in line with the United Nation’s Sustainable Development Goals (SDG)” said Dato’ Azman.

The Government continues to prioritise green adoption to spur economic multiplier effects by extending the incentives of Green Investment Tax Allowance (GITA) for the purchase of green technology assets and Green Income Tax Exemption (GITE) for the use of green technology services and systems until 2023. These incentives which were introduced in Budget 2014, cover green technology activities in green energy, green building, green data centre, integrated waste management and supporting services activities. The GITE is also extended for companies undertaking solar leasing activity under the Net Energy Metering (NEM) scheme.

MIDA is optimistic that by encouraging more investments in green projects and services, there will be increasing demands for the overall green technology industry; spurring a more vibrant domestic economy.

The details on tax incentives for Green Industry are available in MIDA official website at https://www.mida.gov.my/forms-and-guidelines/tax-incentives-for-green-industry/. For more information about CIMB GreenBizReady, please visit https://cimb.com.my/greenbizready or email at [email protected].

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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.

For more information, please contact:

Ms. Wan Hashimah Wan Salleh
Director, Green Technology Division
Email: [email protected] | DL: 603 2267 3540

MIDA and CIMB Cooperate in CIMB GreenBizReady – Sustainability Solution Platform for Malaysian SMEs

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Kuala Lumpur, 29 January 2021 – The United Nations Commission on Trade and Development (UNCTAD) has released earlier this week its latest Global Investment Trend Monitor report. It estimated that Global Foreign Direct Investment (FDI) flow fell by 42 per cent to an estimated USD859 billion in 2020 compared to USD1.5 trillion recorded in 2019. Almost all regions reported lower FDI in 2020, mainly due to the impact of lockdowns and a drastic decrease in the economic activities during the COVID-19 pandemic.

FDI flows to developing economies decreased by 12 per cent. The decline was reflected across all types of investments: greenfield projects (- 4 per cent), cross-border projects finance deals (-7 per cent) and cross-border M&A (- 4 per cent). FDI into South East Asia contracted by 31 per cent due to a decline in investments to the largest recipients in the sub region; inflows in Singapore fell by 37 per cent, Indonesia by 24 per cent, Vietnam by 10 per cent, Thailand by 50 per cent and Malaysia by 68 per cent.

The Government acknowledges that the FDI landscape has been and will likely remain challenging and highly competitive. As such, accelerating investments is a key priority in securing Malaysia’s growth recovery. In the recent period, efforts have been intensified to further attract and facilitate quality investments. Under PENJANA, the Government had announced several tax incentives to spur investment activity, including a 10-15 year tax exemption for new FDI in the manufacturing sector with capital investment of RM300 million or more. Measures to further improve investor experience, in particular, to ensure seamless investor facilitation will continue to be pursued on an ongoing basis. Specific initiatives that have been implemented include, amongst others, the establishment of the Project Acceleration and Coordination Unit (PACU) and various online platforms including i-Incentive to expedite the realisation of investments. The Government is also currently formulating a national investment strategy to attract high-quality investments that can meaningfully enhance Malaysia’s productive capacity, create high-skilled jobs, promote technology transfer and foster domestic linkages.

These efforts will further augment Malaysia’s attractiveness as an investment destination. As indicated by a recent joint study by KPMG and the Manufacturing Institute in the United States entitled “Cost of Manufacturing Operations around the Globe”, Malaysia was ranked fourth amongst 17 economies, which is ahead of countries in Asia such as China, Japan, Vietnam and India. The study validates Malaysia’s aspirations to become a global supply chain hub in the region. Further, MNCs are using Malaysia as a hub for treasury management services as well as a myriad of activities of related services.

Malaysia was also ranked second in terms of ease of doing business in ASEAN (12th globally) and for protecting investors according to the World Bank Doing Business Report 2020; fourth globally in handling the COVID-19 crisis according to Blackbox Research and Toluna; fifth amongst emerging economies as a key destination for investment and businesses, on the back of potential rapid economic recovery, stable fiscal and financial position and the ability to contain and alleviate the COVID-19 pandemic according to a recent report by Bloomberg.

Investment intentions remain healthy in Malaysia. Malaysia recorded a total of RM109.8 billion worth of approved investments in the economy (manufacturing, services and primary sectors) for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities. FDIs accounted for almost 40 per cent (RM42.6 billion). The realisation of these investments over the immediate to medium term will provide support to economic growth in 2021 and beyond.

The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5 per cent) or RM65.3 billion, followed by the services sector (39 per cent/RM42.8 billion), and the primary sector (1.5 per cent/RM1.7 billion). Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6 per cent compared to the corresponding period in 2019. FDI in the manufacturing sector particularly saw an increase of 3.2 per cent to RM39.4 billion.

Malaysia has attracted a fair share of multinational corporations in the high-end and high- technology industries. This includes Schmidt and Nephew from the United Kingdom that produces high-tech medical device products including knee and hip implants; similarly, a new project by Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Malaysia; LAM Research, a US global supplier of innovative wafer fabrication equipment and services to the semiconductor industry that chose Malaysia to expand its global footprint by establishing its advanced technology production facility in Pulau Pinang; LEM, a Switzerland-based electrical measurement company that will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors; MusicTribe, a US-based multinational leader for professional audio products and musical instruments, on the other hand, is leveraging Malaysia to set up an Industry 4.0-driven, fully robotised manufacturing facility in addition to their Principal Hub activities; and the most recently SK Nexilis, a Korean copper foil manufacturer producing electric vehicle batteries is another example.

Existing companies also continue to expand their operations in Malaysia, illustrating Malaysia’s on-going value proposition to investors. These include Eppendorf, a leading German life science company that established an integrated centre for their shared services hub, covering functions such as IT, HR as well as Finance and Controlling, for the Group’s operations in the Asia Pacific, Middle East and Africa; Bosch, an existing German company for setting up a manufacturing facility park for testing of semiconductor components and sensors; B.Braun, an existing German company, expanded its global test centre for medical devices due to strong talent capability in Malaysia; Wistron, the Taiwan-based company engaged in the research and development, design, manufacture and sale of E&E products; Western Digital, a US company and the third largest computer Hard Disk Drive (HDD), Solid State Drive (SSD) and flash memory devices manufacturer in the world announced their additional investments in Malaysia to design, develop and manufacture media and substrates for HDD; Nippon Electric Glass (NEG), a leading Japanese manufacturer of specialty glass has also expanded their production capacity of glass tubing for pharmaceutical use in Malaysia given the demand for its products following the vaccine roll-out.

Looking ahead, foreign investment into Malaysia is expected to be sustained at pre-COVID level as MIDA has identified 240 high-profile foreign investment projects in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion, that are being negotiated and targeted by Malaysia in 2021. Presently, MIDA has also received and evaluated RM47.7 billion worth of potential investments into the country. These projects, once approved, are expected to be implemented within the year 2021 to 2022.

Being located in the Asia Pacific rim and the centre of ASEAN, Malaysia continues to be an attractive investment destination. The availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries as well as a diverse pool of talents with skills and trainable workforce has been pull factors for investors to consider. Malaysia.

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About MIDA

For more information, please contact:
Ms. Choo Wai Meng,
Executive Director Strategic Planning (Manufacturing), MIDA.
Email: wmchoo @mida.gov.my | DL: +603-2267 3434

Ms. Roslina Othman,
Director, Investment Statistics Division
Email: [email protected] | DL: +603-2267 6650

Malaysia Remains Steadfast To Accelerate Quality Investments

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Kuala Lumpur, 27 January 2021 – In collaboration with Intel Malaysia, the Malaysian Investment Development Authority (MIDA) has successfully organised a Virtual Artificial Intelligence for SMEs (AI4S) on 27 January 2021. This virtual event is the continuation of the first Axiomtek Artificial Intelligence Starter Kit launch on 18 August 2020; which led Intel Malaysia to award the AI Starter Kits to 100 selected companies in Malaysia. These identified SMEs will go through a comprehensive technology enabling process and training that will empower them to implement pilot projects in their settings to jump-start the Artificial Intelligence (AI) or Industry 4.0 journey.

The AI Starter Kit was co-developed with Axiomtek to bring in the right Industry 4.0 technology for the local industries to adopt and benefit its results. Axiomtek is a leading design and manufacturing company in the industrial computer and embedded field, based in Taiwan. It has successfully gained global recognition for its innovative designs and outstanding customer satisfaction. Axiomtek has successfully partnered with Intel Malaysia to develop and deliver cutting-edge solutions and technologies for its clients.

During his keynote address, Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA, said “While the country is gearing steadily into the knowledge and digital economy, Industry 4.0 adoption is deemed crucial for business survival and growth in innovation-led value creation. There are untapped opportunities available for the business community, especially SMEs. We want more SMEs to step up to embrace new technologies in their business activity. We know that there are numerous local companies out there that are capable of AI technology adoption but are not aware of how and where to start.”

The AI4S event sealed Intel Malaysia as one of the industry captains in paving the way for the adoption of Industry 4.0 and supporting SMEs to build value within the domestic industry ecosystem and preparing Malaysia to rise among the regional leaders in Industry 4.0. In this collaborative engagement, Intel Malaysia has committed to provide technology, knowledge transfer and some hardware funds. Intel Malaysia, together with Axiomtek will also provide training, supervision and mentoring of the pilot projects implementation by each participating local company. Simultaneously, the Malaysia Productivity Corporation (MPC) will assist in coordinating the entire programme.

This initiative is also part of Intel’s onboarding to Malaysia’s Lighthouse Programme which is being pursued by MIDA. It aims to back industry leaders in accelerating the Industry 4.0 adoption to a scalable and impactful stage while also influencing the domestic ecosystem providers for similar transformation by facilitating them to address implementation barriers and overcome challenges.

Dato’ Azman also suggested, “Moving forward I have proposed Intel to explore in enabling the universities in Malaysia to adapt and prepare the future workforce to embrace AI once they enter the job market. This graduate skill would reduce the colossal learning curve in work fields, while saving employers’ precious time and resources in correcting them into expected abilities.”

The AI4S Programme is hoped to inspire other MNCs to emulate Intel’s good intention in contributing back to the industrial ecosystem in Malaysia and increase the value proposition for the benefit of domestic economy. MIDA seeks industry leaders and players to take the opportunity and leverage the numerous facilitations offered by the Government to embrace Industry 4.0. These include Automation Capital Allowance (ACA), Industry4WRD Intervention Fund, as well as Smart Automation Grant (SAG) for companies undertaking automation in their manufacturing and processes.

The webinar has successfully attracted an overwhelming crowd of more than 1600 participants across different platforms through live webinar, FB page and Youtube Channel.

The details pertaining to the Automation Capital Allowance (ACA), Industry4WRD Intervention Fund and Smart Automation Grant (SAG) are available in MIDA official website at www.mida.gov.my.

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About MIDA

For more information, please contact:

Mr. Norhizam Ibrahim
Director,
Advanced Technology and Research and Development Division, MIDA
Email: [email protected] | DL: +603 2267 6611

MIDA and Intel Malaysia continue initiative in driving Malaysia towards Industry 4.0

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Kuala Lumpur, 27 January 2021 – CIMB ASEAN Research Institute (CARI) in partnership with ASEAN Business Club hosted another webinar under its flagship Invest ASEAN series on ‘Italian Industry Expertise in Malaysia’.

The session featured Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA); His Excellency Cristiano Maggipinto, Ambassador of Italy in Kuala Lumpur; Luciano Pezzotta, Deputy Chairman of Eurocham Malaysia and Executive Board Member of the Italy Malaysia Business Association (IMBA); Lamberto Barbieri, Managing Director of CRIF Regional Headquarters (HQ) in Asia; Vincenzo Alaimo, Vice President of Asia Pacific, Global Sales of Leonardo Helicopters Division; and Dr Luciano Giorgi, Country Manager (Malaysia) of Maire Tecnimont and Chairman of Allied Elite Limited.

Moderated by Tan Sri Dr. Munir Majid, Chairman of CARI, the discussion emphasised on the recently signed Regional Comprehensive Economic Partnership (RCEP) Agreement providing an outstanding platform for multinationals to tap into the regional trading area that represents 30 per cent of the world’s Gross Domestic Product (GDP). Malaysia as a vibrant RCEP member provides significant trading and investment opportunities, including for the Italian businesses operating in the region.

Italian investments in Malaysia have ventured in various sectors such as oil and gas, petrochemicals, aerospace, and green and circular economy. Greater collaboration between Malaysia and Italy will further open Malaysia’s private sector to tap into Italy’s advanced technological expertise and expediting the momentum of Malaysia’s digital economy.

ASEAN as a growing trade and investment hub
Tan Sri Dr. Munir in his opening statement highlighted on Invest ASEAN series presenting an active forum for influential policymakers and corporate leaders to share and identify key opportunities for growth and development in the ASEAN region, apart from analysing the emerging trends on global business and markets.

“Notwithstanding the COVID-19-induced global slowdown, ASEAN remains a dynamic region. With a combined GDP of US$3.2 billion in 2019, ASEAN represented the fifth-largest economy in the world. As the central player of the RCEP Agreement, ASEAN offers global businesses to tap into the largest free trade agreement in the world. With 15 signatories, RCEP represents a market of 2.2 billion people and a combined GDP of US$26.2 billion,” said Tan Sri Dr. Munir.

He added, “On the other side of the equation, many of us may not realise that Italy is well above the EU average in the production and use of industrial robots and adoption of Industry 4.0 technologies such as the cloud, IoT and M2M (machine to machine) communications. It is the second largest manufacturer in the EU, after Germany. Its strong industrial base and awareness of digitalisation are something which ASEAN countries would want to be engaged with.”

Italy remains committed to Malaysia as a trading and investment partner
H.E. Cristiano Maggipinto stressed that Italy has pursued a strategy to strengthen relations with ASEAN. The commitment was also conveyed through the 53rd Session of the ASEAN Ministers of Foreign Affairs Summit, in which Italy’s candidacy as Development Partner of the Association was unanimously approved.

“This important outcome institutionalised our growing political, economic and social ties, giving us a prominent role in Southeast Asia. In this framework, Italy has given new depth to the relations with Malaysia, which represents one of the most relevant nation in ASEAN and offers a number of benefits that are not easily found in the region,” stated Ambassador Maggipinto.

He points out that despite the COVID-19 pandemic, bilateral trade between Italy and Malaysia in the first seven months of 2020 remained at similar level to 2019. Italian companies in Malaysia are operating in a wide range of sectors including oil and gas, defence and aerospace, construction, automotive, and chemicals.

Government undertaking major initiatives to drive investments into Malaysia
Dato’ Azman Mahmud shared that Malaysia continues to be a competitive investment destination despite the global uncertainties, with US$26.4 billion worth of approved investments in the overall economy in the first nine months of 2020. In fact Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6% in capital investments compared to the corresponding period in 2019; with FDI recording an increase of 3.2%. The Malaysian government is undertaking additional initiatives to drive foreign investments, such as easing operating of businesses through digitalising selected government services, providing new tax incentives for the pharmaceutical and services sectors, as well as implementing a One Stop Centre (OSC) to facilitate the entry of business travellers into the country.

“Malaysia’s economic structure and the solid macroeconomic management continue to support the country’s economic fundamentals as we advance into the new normal. As we move towards strategic diversification, particularly in high-value products and high-end services, the country offers vast opportunities for Italian investments in high-quality machinery and equipment, aerospace, green technology, automotive technologies, and industrial design. MIDA is optimistic that more quality investment will be coming to Malaysia in the coming years,” said Dato’ Azman Mahmud.

Dato’ Azman also urged Malaysia’s private sector to leverage upon Italian technological expertise to help facilitate Malaysia’s digital economy, which is expected to grow by 21% between 2020 and 2025, reaching an estimated US$30 billion gross merchandise value (GMV) by 2025.

For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid
Director of Foreign Investment Promotion Division Division, MIDA
Email: [email protected]
DL: +603 2267 6633

Mr. Jukhee Hong Executive
Director CIMB ASEAN Research Institute (CARI)
Email: [email protected]

About MIDA

About CARI
CIMB ASEAN Research Institute (CARI) was established in 2011 by CIMB Group. CARI is the first independent, transnational research institute dedicated solely to the advancement and acceleration of ASEAN integration.

ASEAN as an Investment Hub: Italian Businesses Eye Malaysia as the Gateway to Opportunities Arising Regional Comprehensive Economic Partnership (RCEP)

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SABAH, 26 JANUARY 2021 – SK Nexilis, a copper foil producer for electric vehicle (EV) battery manufacturer SKC, has announced its first overseas production base to be in KKIP Industrial Complex, Kota Kinabalu, Sabah, Malaysia.

With proposed investments of approximately South Korean Won (KRW) 650 billion (RM2.3 billion), the Company looks to construct a copper foil manufacturing facility with an annual production capacity of 50,000 tons.

The facility’s construction will tentatively begin in the first half of 2021 and commercial operations to kickstart by 2023. Once in operations, the new facility will increase SK Nexilis’ copper foil production capacity by three times its current global capacity to about 100,000 tons.

SK Nexilis boasts of as world No.1 technology in manufacturing copper foil for batteries. The Company has an industry reputation for building among the best copper foil factories.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) welcomed the Company’s announcement, “The Government is pleased that a subsidiary of a Fortune 500 company has chosen Malaysia as its first overseas investment location. This is one of the many success stories where MIDA has facilitated to bring quality investments into the country. As a global leader in thin-tech innovation for copper foil manufacturing, we believe SK Nexilis’ presence will attract more investors to complete Malaysia’s EV battery manufacturing supply chain network, making us a hub for high precision and high quality copper foil for niche applications.”

“Indeed, this investment will also boost Malaysia’s talent network and capabilities through initiatives with domestic universities and technical institutes. Despite the ongoing pandemic, MIDA continues to draw high technology investment such as these into the country to provide tangible opportunities for innovation and local supply chain development. This is value creation which will boost our local industry’s ecosystem and competitiveness,” added Dato’ Seri Azmin.

The Company has already improved productivity by enhancing its fourth (4th) factory facility in the Korea, which began its commercial operation this year, by strategically including wireless vehicles and robots. SK Nexilis looks to upgrade further its fifth (5th) and sixth (6th) factories in Korea as well. It will introduce state-of-the-art automation in its Malaysian facility, by integrating the world’s best technology and its know-how from enhancements made to its factories in South Korea; building the world’s best copper foil production facilities in Malaysia.

Notably, the proposed facility in Malaysia will also fully implement the RE100 initiative, an initiative towards committing to 100 per cent renewable electricity, for the first time in the industry. This move is part of the Company’s proactive response to requests from major global customers who want to increase the proportion of RE100 materials within their supply chain.

Six (6) of SK Group companies, including SK Nexilis’ parent company, SKC, are currently promoting RE100; the Group was the first member of RE100 initiative in Korea. Hence, this facilities’ RE100 undertaking will further strengthen its Environmental, Social, and Corporate Governance (ESG) Management.

In particular, Malaysia’s KKIP Industrial Complex, became the apparent choice for SK Nexilis’ investment in the region given its advantage in terms of power supply, which is key to copper foil manufacturing. Malaysia provides the most stable and competitively priced electricity supply among its Southeast Asian counterpart. The selected site also has excellent infrastructure such as gas and water and high accessibility to ports and large international airports which are required for exports.

SK Nexilis is also considering further investments in Malaysia, Europe and the United States to quickly respond to the rapidly growing EV market. According to SNE Research, the EV market will increase by 41 per cent annually and the battery market by 38 per cent by 2025.

An official from SK Nexilis shared, “We will be able to respond more quickly to customer requests by establishing a production facility in Malaysia with the best technology to produce the world’s thinnest copper foil for secondary batteries. This facility will also have the technological capabilities to produce various specialised products as per our customers’ requests.”

He added, “By entering Malaysia, SK Nexilis will secure cost competitiveness and reinforce our ESG management such as implementing RE100, while accelerating global expansion with additional investments. This will solidify our position as the global No. 1 copper foil manufacturer.”

SK Nexilis is currently in the midst of submitting their application for Manufacturing Licence to MIDA.

Picture 2: Copper foil manufactured by SK Nexilis

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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.

About SK Nexilis
SK Nexilis is a global No.1 company in producing Copper foil for batteries, a core material for lithium-ion batteries, and supplies its products to major EV and battery companies around the world. Established in Jeong-eup, South Korea in 1996, SK Nexilis is running its business as a member of SK Group after several mergers and acquisitions. For more information, please visit www.sknexilis.co.kr

For more information, please contact:

Mr. Jeyasigan Narayanan Nair
Executive Director
Machinery and Metals Division, MIDA
Email: [email protected]
DL: +603-2267 6711

Ms. Jiwon Ahn
Manager
Communication Team, SKC
Email : [email protected]

SK Nexilis Announces Its First Overseas Investment in Malaysia

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26th January 2021, Kuala Lumpur – The Ministry of Environment and Water (KASA) today announced impressive gains from the successful 11th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2020), the first virtual edition held in October 2020; solidifying IGEM’s role as South East Asia’s most powerful green technology, business and innovation platform.

Themed “Energising Sustainability”, IGEM 2020 delivered beyond two-fold of target business leads of RM1.6 billion; achieving a pipeline of RM3.4 billion investment interest. These leads have been computed from the RM3.08 billion potential investments from 64 projects recorded by the Malaysian Investment Development Authority (MIDA) and RM339 million in potential exports recorded by the Malaysia External Trade Development Corporation (MATRADE), during MATRADE’s International Sourcing Program (INSP).

The IGEM 2020 Virtual platform which featured 161 exhibitors registered more than 15,000 visitations from 79 countries and clocked up to 10,000 participants engaging in the 55 conference sessions and 77 pocket talks, throughout the event from 19-23 Oct 2020.

Yang Berhormat Dato’ Sri Tuan Ibrahim Tuan Man, Minister of Environment and Water said, “It is indeed a commendable feat that IGEM 2020 has surpassed its targets, despite being held virtually for the very first time and against a backdrop of global economic uncertainty. This reinforces KASA’s commitment to expand drive and growth of the green technology sector as an important engine in developing Malaysia’s economy.”

“As we continue to recover and build, I urge budding green entrepreneurs and key industry leaders to explore how we can work together and further build partnerships for a greener and sustainable economy in the year 2021,” he added.

Given the success of virtual IGEM 2020, the Minister announced that IGEM 2021 will take on a virtual platform again and offers sponsors, exhibitors, participants, as well as all other stakeholders’ greater visibility, flexibility, and opportunities to work with the Ministry in catalysing growth in the national, regional and global green economy. IGEM 2021 may run over a period of 6 months to create more value and opportunities to its exhibitors and visitors.

Targeting RM2 billion in business leads with 200 exhibitor booths and over 10,000 visitors from 20 countries this year, IGEM 2021 will also see the reaffirmation of investment strategic partner, MIDA and business-matching partner, MATRADE to organise the much-in-demand business matching sessions for the twelfth consecutive year.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “We are indeed proud that the targeted RM1.6 billion business leads for IGEM 2020 have been reinforced with new projection of RM3.08 billion investment in Renewable Energy (RE), Energy Efficiency (EE), Solar Leasing, Integrated Waste Management, Green Building and manufacturing sectors. The Renewable Energy segment for waste management has gained highest investment leads of RM1.75 billion (57%), followed by RM814 million (26%) interest in Renewable Energy for mini hydro.”

“Starting from 2016 until September 2020, MIDA has also approved 1,317 green technology projects with investments amounting to RM18.55 billion, as well as 63 specialised green service companies with a total proposed operational expenditure of RM318.51 million, under the incentives of Green Technology. This exuberant indicator points to potentially stronger investment flows in the areas of green technology within our country.” he added.

IGEM 2021 Virtual will be co-organised by the Malaysian Green Technology and Climate Change Centre (MGTC), the lead agency for KASA in charge of developing and implementing new programmes on green growth, climate change mitigation and climate change adaptation; in line with the nation’s green agenda.

Shamsul Bahar Mohd Nor, Chief Executive Officer of MGTC added, “With another triumphant year for IGEM, we look forward to IGEM 2021, which will be held on a bigger scale through the hosting of international exhibitors, regional delegates, industry and thought leaders physically here in Malaysia, as well as reaching out globally to the larger community of international green entrepreneurs via the virtual platform.”

“From our experience in co-organising IGEMs and as demonstrated by the results announced today, the green economy continues to thrive both in Malaysia and globally. In view of the countless possibilities yet to be unearthed within the sector, I think it is truly very exciting to witness how green economy will shape a more environmentally sustainable and economically stable Malaysia in the coming years,” he concluded.

IGEM 2021 Virtual will kick-off on 1st July 2021 till 31st Dec 2021. For further details, please visit www.igem.my.

About Malaysian Green Technology and Climate Change Centre (MGTC)

Formerly known as Pusat Tenaga Malaysia (PTM), Malaysian Green Technology Corporation (MGTC) was restructured in April 2010 and was under the purview of the Ministry of Energy, Green Technology and Water (KeTTHA) until 2018. Assuming the role of the country’s lead agency, MGTC focuses on catalysing the green technology agenda in line with the aspirations of the National Green Technology Policy 2009.

MGTC was under the purview of the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) from 2018 until early 2020. MGTC is currently helmed by the Ministry of Environment and Water (KASA) and now known as the Malaysian Green Technology and Climate Change Centre. MGTC develops and implements programmes on green growth, climate change mitigation and climate change adaptation.About Malaysian Investment Development Authority (MIDA)

For more information, please contact:

MIDA
Ms. Wan Hashimah Wan Salleh
Director, Green Technology Division
Email: [email protected]
Telephone: 03 – 2267 3540

MGTC
Zaid Karim Shaari
Director, Green Promotion
Malaysian Green Technology and Climate Change Centre
Email: [email protected]
Mobile: 012 – 2977625

For media enquiries:
Intan Syazwani Isa
Head, Corporate Communication
Malaysian Green Technology and Climate Change Centre
Email: [email protected]
Mobile: 012 – 7023110

Virtual IGEM 2020 Garnered RM 3.4 Billion Business Leads

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Kuala Lumpur, 18 January 2021 – AmBank has inked a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to offer Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) the opportunity to be part of MIDA’s Smart Automation Grant (SAG).

This partnership between AmBank and MIDA aims to help companies refine their knowledge particularly SMEs and MTCs on matters relating to automation and digitalisation. AmBank will be undertaking a series of simulation trainings and classroom sessions that are specifically designed to help companies identify business pain points and prioritise automation and digitalisation solutions.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, said that “The collaboration between MIDA and AmBank complements our goal to create awareness and financial guidance to assist Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) to automate and digitalise their operations and production process. This will be realised toward the co-implementation of the Smart Automation Grant and the ongoing AmBank BizRACE programme.”

He also added that “Understanding the needs of investors, SAG will not only improve Malaysia’s industrial competitiveness and capabilities but also reduce our reliance on low-skilled foreign workers while creating new job opportunities in high value-added sectors. We trust that this partnership will result in driving Malaysia’s businesses and accelerate economic growth towards continuous adoption of automation and digitalisation.”

The SAG initiative is part of the RM100 million allocation approved within the National Economic Recovery Plan or PENJANA, launched by the Senior Minister and Minister of International Trade and Industry (MITI) on 2 December 2020. This grant will be awarded to eligible SMEs and MTCs on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company.

Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, said, “We are pleased to be the first bank to collaborate with MIDA to provide much needed assistance to SMEs and MTCs. This assistance is particularly timely given the challenging business landscape we are faced with today. Through this collaboration, we are able to share our expertise and resources with these companies to help them future-proof their businesses.”

“This initiative will be part of the AmBank BizRACE programme to develop our clients in the key areas of IR 4.0, digitalisation and the halal industry, which is in line with AmBank’s sustainability agenda. At AmBank, we believe in going beyond financing to help our customers compete better. The AmBank BizRACE programme provides a platform for SMEs to have a head start in driving new revenue streams, new products, upskilling their talent and driving efficiency by adopting digital and automation solutions. This is part of our push to help SMEs reset and revive their businesses that have been impacted by the COVID-19 pandemic.”

SMEs and MTCs that have been undertaking manufacturing or services activities in the past 12 months are eligible to be considered for SAG. To qualify for the incentive, the automation machine, equipment or software purchased through this grant must be utilised directly in the company’s value chain to improve their productivity and efficiency. Improvements will be assessed on a range of criteria such as the reduction of unskilled workers, man-hours, defect rate as well as the increase in production volume. Interested stakeholders can submit their application to the various industries and services divisions in MIDA.

To find out more about the Guidelines of SAG please visit:
https://www.mida.gov.my/wp-content/uploads/2021/01/GD_SAG22122020.pdf

About MIDA

About AmBank Group

AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia. We have over three million customers and employ over 9,000 people. The Group was listed on the Main Market of Bursa Malaysia in 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM9 billion and assets of RM169.2 billion as at 31 March 2020. AmBank Group serves over three million individual and corporate customers. It provides services in wholesale banking, retail banking, business banking, investment banking and related financial services which include Islamic banking, underwriting of general insurance, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts. For more information, please visit www.ambankgroup.com

For media enquiries, please contact:
Ms. Masni Muhammad
Director, Strategic Planning and Policy Advocacy (Manufacturing) Division
Malaysian Investment Development Authority (MIDA)
Phone : +603 2267 3444
Email : [email protected]

Mr. Syed Anuar Syed Ali
Executive Vice President, Group Corporate Communications & Marketing, AmBank (M) Berhad
Phone : +603 2036 1703
Email : [email protected]

AmBank Inks MOU With MIDA on Smart Automation Grant for SMEs and MTCs

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MEDINI, JOHOR: Japanese Conglomerate, the SANKYU Group is set to build its first Human Resources Training Centre outside of Japan in the Medini Central Business District, Iskandar Puteri, Johor. With over 30,000 employees globally and 41 overseas subsidiaries of the Sankyu Group, Medini will be among the global centres for diverse personnel worldwide, being trained in Malaysia. The centre is set to begin operations in 2022.

The groundbreaking ceremony held today in the Medini Central Business District (Medini CBD) was remotely officiated by the Mayor of Iskandar Puteri, Yang Berhormat Dato’ Haji Salehuddin Bin Haji Hassan; SANKYU Southeast Asia Holdings’ Managing Director, Mr Junichi Matsumura; Chairman of Medini Iskandar Malaysia Sdn Bhd (MIMSB), Yang Berbahagia Datuk Ir Khairil Anwar Ahmad, and Head of MIMSB, Tuan Haji Mohamad Zamani Razali.

The event was held via a video conferencing platform whereby only essential construction and operations staff were onsite as per the recent Movement Control Order (MCO) restrictions.

This announcement comes on the heels of the Company’s statement in August 2020 to build a logistics centre at the Straits of Malacca. The Centre situated in Port Klang will be the hub for shipments from Japan and East Asia transiting to the Middle East and Northern Europe.

“Malaysia continues to be a strategic hub in the region for SANKYU; this is evident in our continuous investments and developments of critical infrastructure in the country,” said Mr Junichi Matsumura.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), the government’s lead agency in overseeing and driving investments into the manufacturing and services sectors in Malaysia welcomed SANKYU’s latest undertaking. He said, “SANKYU’s training centre in Malaysia will be its first in South East Asia. Our country continues to be the strategic choice selection of multinationals in the region, given our dynamic transition into high-end services to support and flourish our diversified economy.”

“MIDA is optimistic that this training centre in Malaysia will bring positive economic benefits in terms of job creation, transfer of technology and know-hows through training. This will ultimately create new opportunities for local businesses and vendors. As partners to investors, MIDA will continue pushing for strategic collaborations between foreign and local companies to propel mutually beneficial outcomes, ensuring a sustainable ecosystem for business entities in the country, not only in the present but for the future.”

Globally, the SANKYU Group practices a unique business model that organically blends plant engineering, logistics and operational support; their integration of these interrelated components is unrivalled in the world. In Malaysia, SANKYU serves a broad cross-section of businesses and industrial customers, ranging from steel plants, petroleum refineries, automotive, power plants as well as electrical and electronics manufacturers.

Attending the groundbreaking ceremony today the Mayor of Iskandar Puteri, Yang Berhormat Dato’ Haji Salehuddin Bin Haji Hassan, conveyed: “We are pleased and excited with the groundbreaking today. It is the beginning of the many initiatives that are coming to fruition after years of perseverance by Medini Iskandar Malaysia Sdn. Bhd., Iskandar Investment Berhad, the State government and its various agencies. The SANKYU Group has been a long-time investor in Malaysia since the 1960s with businesses all over Malaysia. Today we are proud and delighted to welcome SANKYU Group’s investment into Medini, Iskandar Puteri. We are sure that SANKYU Group will benefit from the state-of-the-art infrastructure and the network of business ecosystem readily available in Medini”.

The Medini CBD recently received recognition from the State government and the Chief Minister, Datuk Ir. Hasni Bin Mohammad as the Johor’s Hub for Digital Technology and Emerging Technologies. During the 2021 state budget tabling in November 2020, the CBD also obtained funds to accelerate its strategic hub’s development.

As a Digital and Emerging Technology Hub Medini CBD initiatives include a Blockchain Village and South East Asia’s first drone and robotics zone (DRZ Iskandar). Medini CBD hosts prominent companies in the games design industry. Among notable Japanese companies that have already set their footprint here to include OK Blockchain Centre, a subsidiary of OK Wave Group; Deluxe Games, and Okakichi. Their presence has created a demand for highly skilled workers both for local and foreigners, backed by the recent boost from the Johor State government to accelerate growth for the Medini CBD to welcome more companies to take advantage of this unique opportunity.

Head of MIMSB, Tuan Haji Mohamad Zamani Razali said, “The groundbreaking ceremony today marks an important milestone for Medini, as we continue to attract many prominent and reputable tenants. SANKYU is the first of many developments we have been working hard on under the Iskandar NEXT initiative which focuses on the new economy, experience and talent; in addition to the recent relocation of Kumpulan Prasarana Rakyat Johor Sdn. Bhd. (KPRJ) and Suruhanjaya Perkhidmatan Air Negara (SPAN), we are optimistic for the future vision for the Medini CBD as a strategic hub for Johor and Malaysia.”

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About Medini Iskandar Malaysia Sdn Bhd

Medini Iskandar Malaysia Sdn Bhd (“MIM”) is the master planner and master developer of the 2,230- acre urban township Medini, located in the heart of Iskandar Puteri. A Central Business District of Iskandar Puteri, Medini offers incentives uniquely available to Medini. MIM welcomes investors who are seeking investment opportunities in a prime destination strategically located near Singapore.

Established in 2007, MIM is owned by Jasmine Acres Sdn Bhd (60%), United World Infrastructure (20%) and Mitsui & Co. Ltd (20%). MIM’s largest shareholder, Jasmine Acres, is jointly owned by Khazanah Nasional Berhad and Iskandar Investment Berhad.

For more information, visit www.medinicbd.com

About SANKYU

The Sankyu Group has established a unique business model organically blending plant engineering, logistics and operational support, which stands unrivalled in the world. The Sankyu Group provide total support to customers from the planning stage for new facility project through the design, construction, transportation of heavy loads and installation to the final test run. Furthermore, the Sankyu Group has created a reliable system, by which every aspect of a client’s logistical needs are met, including operational support, facility maintenance, procurement, material handling for production and sales of finished product.

About MIDA

For media inquiries, please contact:

MR. AZLAN AKIL
Strategic Communications – Iskandar Investment Berhad
Email : [email protected]
Mobile No : 019-771 3189

MR. MUHAMED SHAFIQUE MOHAMED IQBAL
Strategic Marketing – Medini Iskandar Malaysia Sdn Bhd
Email : [email protected]
Mobile No : 019-334 7622

MS. WAHIDA ABDUL RAHMAN
Healthcare, Education & Hospitality Division, MIDA
Email : [email protected]
Mobile No : 03-2267 6622

Sankyu Continues Its Expansion in Malaysia: Japanese Conglomerate Sankyu Announces Its Sankyu Technical Academy to be based in Medini, Iskandar Puteri, Johor

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Kuala Lumpur, 14 January 2021 – Volkswagen Group, one of the world’s leading automotive manufacturers based in Wolfsburg, Germany, has set up its new regional Parts Distribution Centre in Port of Tanjung Pelepas, Malaysia. The strategically located facility aims to provide a robust genuine parts supply chain to 21 markets in the Asia Pacific region.

With this larger facility of 50,000 square metres, the new regional Parts Distribution Centre can now store more parts than its predecessor and thus extend the range and depth for better parts availability. There are approximately 65,000 genuine parts of the Group’s brands of Volkswagen Passenger Cars, Audi, ŠKODA, and Volkswagen Commercial Vehicles.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), commented, “Volkswagen Group follows the increasing trend of the establishment of Global and Regional Distribution Hubs in Malaysia by companies in industries such as automotive, life sciences and medical devices, electrical and electronics, and machinery and equipment. These companies seek to tap on Malaysia’s strategic location as well as our efficient and reliable infrastructure such as ports, airports and financial institutions, allowing them to improve operational efficiency and optimise product and service quality and speed for their customers. Robust connectivity is paramount in enabling their investment and human capital to flow more freely across borders.”

Dr. Christian Dahlheim, Head of Volkswagen Group Sales, said: “The Asia Pacific Region offers a lot of growth potential for the Volkswagen Group, especially when it comes to e-mobility. Our electric product range already consists of very attractive models like the Volkswagen ID.3 and ID.4 as well as the Audi e-tron that is fast growing. Apart from the vehicles, a strong After Sales performance is key for customer satisfaction. Malaysia offers a central and well-connected location which perfectly suits our plans to expand our foothold in the region.”

The new site offers improved distribution and process efficiency. Located in the free trade zone with direct port connectivity, the warehouse processing is enhanced by as much as 15 per cent. Moreover, the prime location is well linked to the air hubs and roads, enabling better hub-and-logistics flow and faster cargo turnaround.

The new facility is also customised to Volkswagen Group’s requirements, where storage systems like semi-automated paternoster and vertical narrow aisle are built for better warehouse space and process optimisation. In addition, value-added service is now offered to its customers, such as repacking and relabeling at retail level for the ease of dealer distribution.

“Our new Parts Distribution Centre in Malaysia undoubtedly strengthens Volkswagen Group’s global After Sales supply chain – a key milestone in providing improved genuine parts delivery to our customers in Asia Pacific,” said Mr. Roman Havlásek, Head of Group After Sales. “The Malaysian Government, through the Malaysian Investment Development Authority (MIDA) greatly supported our relocation to Malaysia. We were pleased by the ease of implementing our project here and the assistance given by the team at MIDA.”

The strong fundament of the Parts Distribution Centre made it possible for Volkswagen Group to overcome the challenges brought about by the COVID-19 pandemic in the region so far. Mr. Marco Beitien, Director After Sales for the Volkswagen Group Regional Office in Asia Pacific, said “Despite the unprecedented COVID situation, the Malaysian Government swiftly implemented measures to enable business continuity within the safety of workers and community, which is also our top priority. This allows us to maintain stable parts supply in the region to support vehicles of the Volkswagen Group used in the essential industries like ambulances and security vehicles, even during the critical phase.”

Global supply chains have enabled many MNCs to oversee their operations in different parts of the world with ease, infusing efficiency into business operations.

The Global Trading Centre (GTC) scheme was announced in the Budget 2021, as part of Malaysia’s strategy to further encourage companies, both MNCs and local companies alike, to establish their global and regional distribution hubs. MIDA welcomes investments such as Volkswagen Group that strengthen the linkages within the local industry, create jobs for Malaysians and enhance Malaysia’s positioning as a Global Supply Chain Hub.

The GTC scheme is an enhanced, comprehensive scheme which provides a tax incentive and facilitation to ease import and export activities and aims to support companies in key manufacturing and services sectors venturing into procurement, distribution and trade activities to further strengthen their global supply chain.

Interested stakeholders may obtain more information by contacting the Business Services and Regional Operations Division at MIDA or visiting the MIDA website at www.mida.gov.my.

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About MIDA

About Volkswagen Group

Based in Wolfsburg, Germany, the Volkswagen Group is one of the world’s leading automotive manufacturers, and the largest car maker in Europe. The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. The passenger car portfolio ranges from small cars all the way to luxury-class vehicles. Ducati offers motorcycles. In the light and heavy commercial vehicles sector, the products range from pick-ups to buses and heavy trucks. Every weekday, 671,205 employees around the globe produce on average 44,567 vehicles, are involved in vehicle-related services or work in other areas of business. The Volkswagen Group sells its vehicles in 153 countries.

In 2019, the total number of vehicles delivered to customers by the Group globally was 10.97 million (2018: 10.83 million). The passenger car global market share was 12.9 percent. Group sales revenue in 2019 totalled EUR 252.6 billion (2018: EUR 236 billion). Earnings after tax in the fiscal year now ended amounted to EUR 14.0 billion (2018: EUR 12.2 billion).

For more information, please contact:

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

Mr. Christoph Oemisch
Volkswagen AG
Corporate Communications
Spokesperson Finance & Sales
Email: [email protected]

Volkswagen Group Strengthens Its Parts Supply in Asia Pacific through the New Regional Parts Distribution Centre in Malaysia

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Chairman of MIDA receives a courtesy visit from Ambassador of the Federal Republic of Germany

Kuala Lumpur, 8 January 2021 – The Malaysian Investment Development Authority (MIDA) kick-started the year 2021 with a courtesy visit from the newly appointed Ambassador of the Federal Republic of Germany to Malaysia, His Excellency Dr. Peter Blomeyer.

Germany has been Malaysia’s largest foreign investor from the European Union. As of June 2020, a total of 461 manufacturing projects with German participation have been implemented with total investments of USD9.36 billion (RM33.31 billion). The projects have created 47,277 jobs.

Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA said that “His Excellency and I discussed a host of prolific issues that need attention for both countries to continue its goods-to-people mobility, despite the continuing pandemic concerns. The closely-linked business communities from both sides urgently need to commute with the acceptance of stringent SOPs in place. MIDA has been working tirelessly with the embassies and foreign chambers to ensure that investors are provided adequate assistance to the necessary approval and access to make well-informed investment and business decisions across various markets.”

At the meeting, His Excellency Dr. Peter Blomeyer highlighted that existing German companies operating here find Malaysia as an attractive hub in Asia Pacific. In addition, the German business communities also welcome the decision to exempt advertising requirement for positions namely investors, company owners, C-suites, expatriates for Regional Offices as well as for intra-company transfers.

His Excellency also wished to explore collaboration with local training institutions in boosting their training capabilities and facilities in human capital development by offering German Dual Vocational Training (GDVT) programmes in Malaysia.

Furthermore, His Excellency reiterated his team’s support for the business continuity of existing German companies as well as to encourage more German companies to expand their overseas operation as Malaysia is one of the most developed and matured manufacturing and related services countries in the region. This ecosystem provides a competitive advantage for the German companies’ to locate their projects in Malaysia.

Dato’ Abdul Majid also briefed on MIDA’s plans to organise a Trade and Investment Mission and working visit to Europe including Germany once the border controls are streamlined and opened for business travellers.

The Chairman of MIDA expressed the Government’s commitment to facilitate smooth business operations, including German investment in Malaysia. Strong commitment from both institutions is essential in attracting quality investments for high value-add, capital-intensive and knowledge-intensive projects.

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About MIDA

For more information, please contact:
Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid
Director, Foreign Investment Promotion Division, MIDA
Email: [email protected] | DL: +603 2267 6633

Malaysia Remains a Competitive Investment Location for German Companies

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