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.Read More

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.Read More

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.Read More

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. Read More

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.Read More

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. Read More

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.Read More

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. Read More

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).Read More

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. Read More

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. Read More

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.Read More

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.Read More

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.Read More

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.Read More

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. Read More

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.Read More

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.Read More

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. Read More

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. Read More

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. Read More

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. Read More

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.Read More

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.Read More

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.Read More