China, the second-largest economy globally and one of Malaysia’s biggest trade partners is expecting its carbon emissions to peak by 2030 and achieve carbon neutrality by 2060. Several policies have been put in place to ensure China’s transition to a just, low-carbon and sustainable economy.Read More

KHTP Sterilisation Services Sdn. Bhd., a subsidiary of Kulim Technology Park Corporation Sdn. Bhd., operates within the innovative ecosystem of Kulim Hi-Tech Park, Malaysia. Benefiting from the park's visionary initiatives, the company exemplifies a commitment to technological advancement.Read More

YBS International Berhad (YBS), established in 1994 and headquartered in Penang, Malaysia—referred to as "the land of cultural diversity and economic vibrancy," showcases its prominence as a manufacturing leader. This strategic locale highlights its extensive array of manufacturing capabilities, which include tool and mould making, metal and plastic fabrication, and assembly processes for printed circuit boards, batteries, and box builds. Read More

The global trade network relies heavily on an unseen force: maritime shipping. These colossal vessels carry a staggering 90% of the world's traded goods. However, their vital role comes at a cost, contributing to roughly 3% of global CO₂ emissions. In response to this pressing challenge, the International Maritime Organisation (IMO), the United Nations’ (UN) regulatory body for shipping, has set a bold goal: net-zero emissions for the industry by 2050.Read More

Automation is revolutionising global manufacturing, driving efficiency, innovation, and competitiveness. It marks a significant shift into Industry 4.0, hallmarked by advanced robotics, Artificial Intelligence (AI) solutions, and Internet-of-Things (IoT). Factories now operate as dynamic ecosystems, where interconnected machines work seamlessly with remarkable precision.Read More

The Malaysian Investment Development Authority (MIDA), recognised as the nation's principal investment promotion agency, recently welcomed the appointment of Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid as its new Chief Executive Officer. This leadership change heralds a notable epoch in the history of MIDA, with Mr. Sikh Shamsul taking over the reins from Datuk Wira Arham Abdul Rahman, who capably led the organisation for three insightful years.Read More

Datuk Wira Arham Abdul Rahman, a seasoned leader with an illustrious 34-year career at MIDA, recently concluded his tenure as the Chief Executive Officer on 17th April 2024. His tenure as the Chief Executive Officer, which began on 1 April 2021, is marked by a legacy of dedication, innovation, and impactful contributions to Malaysia's economic development.Read More

Malaysia is committed to investing in continuous training for our workforce to ensure they remain responsive to evolving business needs and rapid technological advancements. The Malaysian Investment Development Authority (MIDA) recognises the crucial role of cultivating a future-ready talent pool to meet the evolving demands of industries. Read More

The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim, embarked on a three-day official visit to the Kingdom of Saudi Arabia from 27th to 29th April 2024. The visit aimed to attend the World Economic Forum (WEF) Special Meeting on Global Cooperation, Growth and Energy Development. Read More

Austin, Texas - Ms. Nadirah Mohamed Nazri, Director of MIDA Chicago represented MIDA as a speaker during the International Asian Market Briefing at the ASIA X AUSTIN Summit 2024. This event, organised by the Greater Austin Asian Chamber of Commerce (GAACC) in collaboration with the City of Austin and its partners, provided a crucial platform for exploring business opportunities between Central Texas and vibrant markets such as Malaysia, Singapore and Hong Kong. Read More

In the ever-evolving landscape of integrated building support services, KJTS Group Berhad (KJTS Group) stands tall as a beacon of excellence. The group has marked its presence on the ACE Market of Bursa Malaysia Securities Berhad in January 2024 and the group has consistently been at the forefront of innovation. Read More

Amidst Malaysia’s thriving medical devices sector, the presence of Amcor Flexibles Asia Pacific Malaysia proves instrumental, supported by a team of 250 professionals dedicated to advancing excellence and driving innovation in fostering the country's growing market. Recognising Malaysia's growth potential, the company prioritises enhancing its R&D capabilities to meet evolving market demands and introduce tailored products efficiently.Read More

In today's interconnected world, businesses are increasingly looking beyond their borders to tap into new markets and unlock growth opportunities. Predictive analytics has emerged as a game-changer driving informed decision-making, enhancing customer experiences to help unlock new opportunities for growth and maximise their potential in global markets. Read More

The global push for sustainable and eco-friendly practices has driven the wood products industry to innovate and adapt new applications to remain relevant. One segment of the wood industry that has immense potential to leverage on the concerted call for environment conservation is the engineered wood industry. Read More

The official visit of YAB Dato’ Seri Anwar bin Ibrahim, the Malaysian Prime Minister (PM), to Melbourne from 3 to 7 March 2024, marked a historic milestone in the economic relations between Malaysia and Australia. The visit has seen a series of high-level engagements, including a notable Round Table Meeting (RTM) that brought together 20 chief executives and senior leaders from 18 diverse Australian companies. These discussions spanned various industries from medical devices to the digital economy, involving both investors and importers. Read More

The Ministry of Investment, Trade and Industry (MITI) concluded a fruitful Trade and Investment Mission to Germany and France in a strategic move to further fortify Malaysia's position as the preferred investment destination. Led by Minister of Investment, Trade, and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, the mission aimed to bolster investment prospects and foster economic partnerships.Read More

In a significant move to reform the international tax landscape, Malaysia joined the OECD Inclusive Framework (IF) as an associate member of Base Erosion and Profit Shifting (BEPS) in 2017. As part of this endeavour, about 140 jurisdictions have come together to introduce a two-pillar solution to ensure that multinational enterprises (MNEs) pay a fair share of tax wherever they operate and generate profits.Read More

In today’s fast-paced and competitive business landscape, adapting to change is crucial for staying ahead. This holds particularly true for the banking industry, where understanding diverse industries is essential. Hong Leong Bank (HLB) has not only embraced this philosophy but has taken it a step further by introducing a dedicated Industry Specialist Team tailoring support for customers’ evolving needs.Read More

Strategically situated among the bustling business hub and commercial districts of Kuala Lumpur, Malaysia, Alps Global Holding Berhad (“Alps”) is a fully-integrated biotechnology research, medical and wellness company dedicated to the development of personalised medicine using cutting-edge technologies such as genomics DNA, mRNA, and cellular therapy to usher in a new era of healthcare advancement.Read More

Fassi Asia Pacific, strategically situated in Nilai, Negeri Sembilan, stands as a beacon of innovation within the esteemed Fassi Group, specialising in cutting-edge crane technology since its establishment in 2013. This strategic move into Malaysia is deeply rooted in Fassi's four-decade history of exporting to the region.Read More

In the ever-evolving landscape of global tourism, Malaysia stands at a crossroads, facing transformative challenges and uncertainties . Seizing this moment, the nation has strategically positioned itself among the world's top-ten destinations, with a focus on niche segments, particularly towards nature-based tourism (NBT). Read More

Malaysia's foray into the semiconductor industry began in the 1970s, driven by ambitious government initiatives aimed at diversifying the economy. Over the decades, the nation's semiconductor industry stands at the forefront of economic transformation, poised to become a global powerhouse. Read More

Amidst the challenges of a tumultuous global economy, Malaysia stands tall, showcasing unprecedented growth and resilience. On 29 February 2024, Malaysia’s Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, announced the country's historic investment performance for 2023 during the MIDA Annual Media Conference (AMC) 2024.Read More

Starting from 1 January 2024, prior submitting applications for Import Duty and/or Sales Tax Exemption on raw materials and components (Iron and Steel – HS Code 7201-7316) for raw materials under HS Tariff Codes 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7304, 7305 and 7306, applicants are required to secure a Confirmation on Local Availability (CLA). Read More

In a significant leap towards fostering expertise and innovation in Pahang’s oil and gas industry, a Memorandum of Understanding (MOU) was inked on 17 January 2024, between E&P O&M Services Sdn. Bhd. (EPOMS), Pahang Skills Development Center (Pahang Skills) and the Professional Education Center of Universiti Teknologi Petronas (CAPE) at the Hyatt Regency Hotel, Kuantan.Read More