Md Shahril, Author at MIDA | Malaysian Investment Development Authority - Page 4 of 6
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Md Shahril
MIDA has won the prestigious Industry Excellence in Investment Management Award at the 12th Global Leadership Awards 2022, which was held on 12 July 2023 in Kuala Lumpur. This award is a significant recognition of MIDA's commitment to corporate and community development, as well as its adaptability and ability to navigate economic shifts.
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As economic gravity shifts towards Southeast Asia, Malaysia offers compelling reasons for companies to anchor their investment activities within its borders. From the realms of cutting-edge manufacturing to the dynamic realm of services, Malaysia presents a compelling proposition that resonates with forward-thinking enterprises seeking growth and innovation.
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On July 20 and 21 2023, Prime Minister YAB Dato’ Seri Anwar Ibrahim embarked on a significant official visit to the Socialist Republic of Vietnam, graciously extended by His Excellency Pham Minh Chinh, Prime Minister of Vietnam.
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Malaysia has an open economy which is driven by trade in goods and services. Over the years, the country has forged an extensive network of implemented regional and bilateral trade agreements which have enabled Malaysia-based exporters and investors to enjoy a myriad of benefits such as tariff concessions, expanded market access, and strengthened economic integration with partner nations and regions.
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2020 will always be remembered as a year that drove the e-commerce platform into a great leap forward, where more shoppers have come to appreciate the wide range of products offered online and the comfort of shopping through e-commerce platforms. In fact, the number of online shoppers in Southeast Asia (SEA) has multiplied to approximately 70 million since the pandemic started - which has accelerated a shift to e-commerce by 5 years.
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In 2018, Malaysia took a significant step in liberalising its natural gas supply market, allowing licensed importers and shippers to engage in the importation, distribution, and supply of LNG. Petrolife, leveraging its expertise and experience in the oil and gas industry for over 20 years, capitalised on this opportunity to expand its business into the LNG sector. Petrolife Engineering Sdn. Bhd., the company's upstream division, had already undertaken several projects with multinational oil companies, laying a strong foundation for future growth.
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HQ Pack, is a worldwide leader in high-tech packaging solutions. With over 35 years of expertise in designing, developing, manufacturing, cleaning and servicing of high-tech packaging solutions for renowned semiconductor equipment manufacturers, HQ Pack has truly made its mark in the industry.
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In an increasingly interconnected world, MNCs are facing the challenge of delivering core capabilities while balancing costs in an uncertain global economy. This task is further amplified, thanks to borderless talent pools.
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Malaysia's gold jewellery industry shines with vibrant diversity and economic vitality. Boasting over 100 manufacturers, the sector caters to a strong domestic demand while ranking fourth among ASEAN countries. Malaysia specialises in 916 Gold (22K), with a touch of imports from Turkey, Italy, and China. With its rich cultural heritage and strategic location, Malaysia creates exquisite designs inspired by its diverse ethnic groups. As the industry gains global recognition, Malaysia emerges as a trendy destination for luxury gold jewellery.
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The Trade and Investment Mission (TIM) to Japan, led by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), successfully took place from 29 May to 2 June 2023 in Tokyo and Osaka. This mission aimed to strengthen the bilateral trade and investment relationship between Malaysia and Japan across various sectors.
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Malaysia has once again established itself as a top investment destination, attracting RM71.4 billion in approved investments during the first quarter of 2023. These investments, spanning across the manufacturing, services, and primary sectors, are set to bring prosperity and create 23,977 job opportunities nationwide. Foreign Direct Investment (FDI) continues to outpace Domestic Direct Investment (DDI), with FDI contributing RM37.5 billion, accounting for 52.5% of the total approved investments.
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Malaysia has set its sights on achieving carbon neutrality by 2050, as part of the Twelfth Malaysia Plan (12MP). To meet this ambitious target, the country has pledged to reduce its greenhouse gas (GHG) emissions by up to 45% by 2030, in accordance with the Paris Agreement. With the energy sector being a key driver of both carbon emissions and sustainable development, Malaysia is now focusing on enhancing energy efficiency and reducing reliance on conventional energy sources.
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Did you know that in 2019, the world's greenhouse gas (GHG) emissions hit a record high of 49.76 billion tonnes, putting us on a collision course with a climate disaster? Unfortunately, nature can only absorb a fraction of these emissions, about 19 billion tonnes of CO2 annually, which means that we need to take urgent action to reduce our carbon footprint.
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The Malaysian Investment Development Authority (MIDA) successfully organised an inaugural seminar with the theme ‘Hydrogen Economy – Building a Sustainable Ecosystem in Shaping the Future of Energy, Materials & Infrastructure’ at MIDA Sentral, Kuala Lumpur on 21 March 2023. This seminar aimed to explore the significant potential of hydrogen technology and its ability to transform Malaysia's energy, materials, and infrastructure sectors.
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The logistics industry in Malaysia is a vital component of the country's economy, assuming a critical role in facilitating trade and driving growth. Among the many players in this dynamic industry, Securiforce Logistic (SFL) has distinguished itself as a trusted partner, providing innovative solutions to meet the evolving demands of businesses.
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Are you ready to dive into the world of cutting-edge technology and sustainability? Introducing Sandvik Mining and Rock Solutions, a business area within the renowned Sandvik Group, a Swedish multinational engineering company founded in 1892, and a global leader in providing top-of-the-line equipment, tools and digital solutions for the mining and construction sectors.
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In today's fast-paced world, technology is constantly evolving, and it's crucial for regulators to keep up with these advancements to avoid hampering innovation. Futurise, a company under the Ministry of Finance, is dedicated to driving innovation, regulation and commercialisation in Malaysia. With their National Regulatory Sandbox initiative, they provide a platform for innovators to deploy their technology solutions rapidly and establish new innovation ecosystems.
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Materialise is a pioneer in the 3D printing industry, with over three decades of experience in this groundbreaking field. With an extensive range of software solutions and 3D printing services, Materialise provides a strong foundation for the industry.
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Automation and digital technology are both crucial elements in assisting and enhancing the daily operation of industries today. The logistics industry, in particular, has transitioned in many ways as it evolves towards Industry 4.0 and adopting more E-Commerce activities globally. This revolution is spurred on by the demand for more seamless and efficient logistics services in terms of timeliness, service quality, ease of process, track and trace capabilities, and reliable infrastructure.
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Spirit AeroSystems Malaysia, a leading Tier 1 aerospace company, has been assuming a vital role in the global aerospace supply chain. Headquartered in the USA, the company assembles aerostructures for top aircraft such as the Airbus A350, A321XLR, A320, Boeing 787 and 737, among others. Spirit AeroSystems has expanded its global reach by establishing a facility in Malaysia, where it has been assembling aerostructures since 2007.
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Cross Border Investment (CBI), which involves investing across borders between two or more different countries, is a natural progression in any country that has attained a fairly high level of economic development. Over the years, CBI has become increasingly important particularly from the perspective of expanding business horizon and market growth. Therefore, it is timely for Malaysian companies to explore geographical boundaries to expand their market share, penetrate new investment opportunities and further push local companies globally.
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A vibrant and dynamic scene was witnessed in Seoul from 14-17 March 2023, as Malaysia's Trade and Investment Mission (TIM) to the Republic of Korea (ROK) unfolded. Led by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade and Industry (MITI), this mission was the Malaysian government's prime endeavor to intensify the bilateral trade and investment bond between Malaysia and ROK, across diverse areas and sectors.
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The Trade and Investment Mission (TIM) to the People’s Republic of China, led by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), was held from 30 March to 4 April 2023, in conjunction with YAB Prime Minister Dato’ Seri Anwar Ibrahim’s official visit to China. This timely undertaking was a proactive measure taken by MITI, MIDA and MATRADE to bolster bilateral trade and investment ties between Malaysia and China, resulting in securing potential investments of RM170 billion for Malaysia.
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When it comes to designing and building manufacturing facilities that are not only functional but also innovative and sustainable, KCLA, a Malaysian-based architectural design and engineering firm, is in a league of its own. With a portfolio of numerous successful projects for well-known manufacturing plants, the firm has established itself as a leader in the industry and a "go-to" choice for companies looking to build high-tech facilities.
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As a world leader in wafer level packaging technologies (WLP) and advanced packaging equipment manufacturing, PacTech has over 25 years of experience in semiconductor and electronic manufacturing industry. With our leading-edge technologies, PacTech has been a reliable partner to many global players including IDMs, OEMs and fabless design houses around the world.
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