Md Shahril, Author at MIDA | Malaysian Investment Development Authority - Page 3 of 6
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Md Shahril
Established in 1997, GDEX Berhad is a leading domestic and international express delivery services provider in Malaysia. GDEX has an increasing presence in Southeast Asia, with operations in Singapore, Indonesia (via SAP Express), and Vietnam (via NETCO Post). GDEX has also developed its digital logistics platform, myGDEX, which is available in Malaysia, Singapore, and Saudi Arabia.
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In a world where resilience and innovation are paramount, Malaysia's aviation and aerospace industries have shown their mettle. Just four years ago, the sector faced significant challenges due to a slowdown in demand. However, today, with unwavering support from Aerospace Composites Malaysia Sdn. Bhd. (ACM) and industry players, Malaysia's aviation and aerospace industries have emerged stronger than ever.
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In 2023, the global aviation industry soared to a valuation of approximately USD814.5 billion, marking a 7% uptick from the previous year despite the pandemic's turbulent impact. The resilience of the airline industry prevailed through strategic measures like passenger distancing, digital immunity passports, and contact tracing. In addition, the industry rebounded to a mere 3% below its pre-COVID figure in 2019.
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In envisioning Malaysia as a global business, innovation, and talent hub for advanced manufacturing, the biomedical cluster emerges as a key contributor to this ambitious vision. The focus is on transitioning into higher value manufacturing, where the competitive edge lies in know-how and skills rather than just cost. A pivotal aspect of this strategy is the development of the biopharmaceutical sector, particularly in the rapidly evolving landscape of biosimilars and biologics.
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Malaysia’s 2024 National Budget, unveiled on 13 October 2023 introduces a strategic roadmap under the MADANI Economy Framework. This visionary budget charts a new course for sustainable economic growth and aims to elevate the standard of living for Malaysians. Let's delve into the key highlights and initiatives that define this transformative fiscal plan.
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The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim, embarked on a two-day official visit to the United Arab Emirates (UAE) from 5 to 6 October 2023 to enhance bilateral relations and explore avenues of cooperation between Malaysia and the UAE.
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MIDA Tokyo together with SMBC Bank co-organised a Hybrid Seminar titled “Sustainable Investments in Malaysia through High-Tech and EV Manufacturing" in Tokyo, Japan on 5th September 2023. A total of 140 participants attended, both physically and virtually, to explore opportunities in sustainable investments and high-tech sectors in Malaysia. Among the attendees were representatives from various sectors such as electrical and electronics, machinery and equipment, and green technology, to name a few.
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Located in the Prai Industrial Zone, Penang, CG Global Profastex Manufacturing Sdn. Bhd. (1184455U), better known as CG Global, is a major contract manufacturer providing a spectrum of Contract Electronics Manufacturing (CEM) services.
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AT&S is a global leader in the field of interconnect technologies, specialising in IC substrates for Consumer Devices, Automotive, Aerospace, Industrial, and Medical applications. Headquartered in Austria, with manufacturing facilities located in India, China, and Korea, as well as a robust global sales presence, AT&S is poised to make a significant impact on the microelectronics industry.
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Artificial intelligence (AI) is at the forefront of technological innovation. While AI is not a new technology, recent advances in machine learning have significantly impacted our daily lives. AI subtly influences our decision-making processes, from personalised search results to product recommendations and even to self-driving cars. Its goal is to provide better services and improve overall user experiences.
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The shift from traditional refineries to advanced biorefineries marks a significant leap towards achieving a circular economy, minimising waste, optimising resource use and reducing reliance on fossil fuels. While the concept of biorefineries is not new, recent scientific advancements, technological breakthroughs, and a growing demand for sustainability have propelled advanced biorefineries into the spotlight.
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Malaysia has proven its magnetism to investors, securing an impressive total of RM132.6 billion in approved investments across the services, manufacturing, and primary sectors during the first half of 2023. These investments, comprising 2,651 projects, are set to stimulate economic growth and are projected to generate approximately 51,853 job opportunities, reaffirming Malaysia’s appeal to global investors.
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In a grand and transformative moment for Malaysia's industrial landscape, the New Industrial Master Plan (NIMP) 2030 was unveiled on 1 September 2023, marking a significant milestone in the nation's journey towards the MADANI Economy.
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The Prime Minister, YAB Dato’ Seri Anwar Ibrahim, was warmly received during the 78th United Nations General Assembly (UNGA) session in New York City held from September 17 to 23, 2023. The business section of the visit coordinated by the Malaysian Investment Development Authority (MIDA), presented a unique opportunity to strengthen Malaysia's international economic relations and showcase the nation's appeal to investors in the United States of America.
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On September 13, 2023, the Malaysian Prime Minister, YAB Dato’ Seri Anwar bin Ibrahim embarked on a short working visit to the Republic of Singapore in conjunction with the 10th Asia Summit organised by the renowned Milken Institute covering economics, finance, healthcare, public policy, and philanthropy.
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MIDA Tokyo, together with the Malaysia Student Association in Japan (MSAJ) and the Human Resource Development Office of the Embassy of Malaysia in Japan, co-organised the annual career fair for Malaysian students in Japan on 12 August 2023. The event was held at the Tokyo Metropolitan Industry and Trade Center Building.
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MIDA Singapore was honoured to be one of the exhibitors at recent Singapore Business Show, held at the Singapore Expo from 30-31 August 2023. Running for the second year, the show featured over 200 exhibitors showcasing the latest products and services, and 250 speakers including keynotes from industry giants like Shopify, Google and Grab. This event provided entrepreneurs with a comprehensive platform to kickstart or expand their businesses. The show witnessed a vibrant and dynamic gathering of 7,776 key visitors from a diverse range of sectors. Notably, this year’s attendees and participants saw a significant rise in international representation, surging from 23% to 39% compared to the previous year. This increase underscores the Singapore Business Show’s appeal to both local and overseas business communities.
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HSS Engineering Sdn. Bhd. (HSSE) is one of Malaysia's leading engineering consultancy firms, operating under the umbrella of HSS Engineers Berhad (HEB), a pioneering entity listed on the Main Market of Bursa Malaysia Securities Berhad. HEB holds the distinction of being the sole listed provider of engineering consultancy and project management services in Malaysia, aligning with the nation's drive to bolster the service sector's contribution to its Gross Domestic Products (GDP).
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Headquartered in Chicago, Abbott is a global healthcare leader dedicated to enhancing people’s lives throughout their entire lifespan. Abbott’s portfolio of life-changing technologies covers a wide spectrum of healthcare domains, with leading businesses and products for diagnostics, medical devices and Nutritional and Branded Generic Medicine. With a workforce of 115,000 professionals, they cater to individuals in over 160 nations.
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Malaysia has a long maritime history that dates back to the 15th century, with Malacca serving as the world's most important trade and shipping hub. This rich historical background has provided a solid foundation for the growth and prominence of Malaysia’s ship building and ship repairing (SBSR) industry, which serves as the backbone of the country’s thriving maritime sector. According to the Malaysia Marine Department, the number of ships arriving at Malaysia's ports, both local and foreign, experienced a growth of approximately 20% in 2022 compared to 2021.
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Three years ago, the global economic slowdown posed unprecedented challenges to businesses across sectors, including aviation. However, today, thanks to robust support from industry leaders, Malaysia's aviation and aerospace industries have emerged stronger and more resilient than ever before.
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On 1 June 2023, the Malaysian Investment Development Authority (MIDA) unveiled the Project Implementation and Facilitation Office – TRACK, formerly known as Project Acceleration and Coordination Unit (PACU), as an ambitious game changer to accelerate project implementation process. TRACK provides end-to-end facilitation services to projects approved by the National Committee of Investment (NCI), employing a proactive intervention approach to ensure a seamless transition from project approval to implementation. With the integration of the On-Track digital system – an online real-time project tracking system, TRACK has revolutionised the way projects are monitored and managed, placing transparency and accountability at the forefront.
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Human needs have always been Cochlear’s inspiration, ever since Australian Professor Graeme Clark set out to create the first multi-channel cochlear implant because he saw his father struggled with hearing loss.
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Battery energy storage systems (BESS) are revolutionising the green energy industry with their potential to harness and utilise renewable energy sources more efficiently. BESS offers not only environmental benefits but also lucrative investment opportunities. As Malaysia works towards reducing its carbon footprint and meeting green energy targets, BESS provides a reliable, efficient solution to store and distribute green energy from intermittent renewable sources such as solar, biomass, biogas, and hydropower.
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The increasing demand for renewable energy sources such as wind, hydro and solar power has led to a surge in demand for non-ferrous metals such as aluminium and copper which are mainly used in the production of electrical conductors; a critical component for renewable energy systems. This reflects the huge potential of the non-ferrous metals industry and its ecosystem in the future as it significantly supports the global shift towards sustainable practices in the manufacturing industry.
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