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Sabah, a state within Malaysia and a prominent member of ASEAN, can help to enhance business and investment ties between ASEAN and China, said Senator Tan Sri Anifah Aman.

Delivering his keynote address at the ‘Global Chinese Economic and Technology Summit, convened under the overarching theme of “Great Reset: Empowering Growth, Technology and Regional Prosperity’ in Shenzhen, China on Monday, Anifah added that Sabah’s strategic geographical positioning and its thriving economy make it an integral part of the ASEAN community.

“In this momentous occasion, I wish to bring to your attention located in the northern part of the island of Borneo, Sabah boasts a wealth of natural resources and a diverse cultural tapestry that mirrors the rich diversity of our region.

“As we seek to enhance business and investment ties between ASEAN and China, it is imperative to recognise that Sabah, as part of the larger ASEAN family, should be able to tap into the vast potential of the ASEAN-China relationship,” said the Special Advisor for International Relations and Foreign Investment to Sabah Chief Minister Datuk Seri Panglima Hajiji Noor.

He stressed that the economic growth and development we celebrate today should resonate in every corner of our nations, including the states and regions that form our diverse landscapes. Sabah is no exception.

“I encourage investments in Sabah, a region brimming with potential. The state’s economic landscape is as diverse as its natural beauty. From agriculture to manufacturing, from eco-tourism to technology, Sabah presents an array of opportunities for investors and entrepreneurs,” the former Foreign Minister said.

The state government, in collaboration with the federal government of Malaysia, has been actively promoting Sabah as an investment destination, offering incentives and support to facilitate business growth, Anifah added.

He pointed out that Sabah’s strategic location within ASEAN and its proximity to major trade routes make it a prime candidate for investments and trade partnerships.

“By investing in Sabah, you not only tap into its potential but also contribute to the economic development of the region. Sabah’s prosperity is interwoven with the larger fabric of ASEAN-China economic cooperation,” he said.

“As we celebrate the milestones achieved in our cooperation, let us look to the future with optimism and determination, as there are undoubtedly more opportunities to explore, challenges to overcome, and successes to achieve in our ever-strengthening relationship,” said Anifah.

This journey, he said, is not only about enhancing economic growth but also about fostering lasting relationships.

“As we move forward, let us remember that our ongoing collaboration is rooted in principles of mutual respect, trust and equitable benefit distribution. We remain steadfast in our pursuit of enhancing ASEAN-China business and investment ties as we navigate the intricacies of today’s global economy.

“As we embark on this transformative journey to empower growth, technological advancement and regional prosperity, let us do so with an unwavering commitment to creating opportunities for regions like Sabah and shaping a future where prosperity knows no bounds,” he added.

Source: Borneo Post

Sabah can help to enhance business and investment ties between ASEAN and China – Anifah

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Dutch Lady Milk Industries Bhd (DLMI) is set to grow and strengthen after 60 years in business with the impending relocation of its dairy milk manufacturing plant to Bandar Enstek in Negri Sembilan.

DLMI is investing nearly RM600 million (including RM60 million for land acquisition) to build a new dairy factory on 32.59 acres of land in Bandar Enstek, which began as “Project Big Blue” that reflected its corporate colour.

The project, now known as DLMI@Enstek, is set to be completed next year.

The journey for DLMI’s factory expansion, according to managing director (MD) Ramjeet Kaur Virik, began in 2019.

“That is when the plans were presented and approved by the executive board and the supervisory board, who were visiting from the Netherlands.

“We acquired the land in 2020, but then Covid-19 hit us and construction was delayed. There were some challenges, like with any project. Inflation hit, and there were cost increases,” Ramjeet told Business Times.

Ramjeet, 46, said unexpected inflation, which increased the cost of materials and labour significantly, as well as the inclusion of additional capital expenditure items, forced the company to invest over RM200 million more in the factory than the original estimates of around RM300 million.

According to her, the state-of-the-art Industry 4.0 factory will take DLMI to a whole new level of technology.

She said some products will be produced at the DLMI @ Enstek factory in the first half of next year.

“When we go live next year, we will be doubling our current capacity. We also have land on the side to double the capacity again in the future.

“So technically, we can manufacture four times more than our current capacity in Petaling Jaya. If you have a factory, you build it based on what you need today, and of course, you always need extra capacity for growth. If you are going to invest RM540 million over a journey of five years, you want to make sure you are building a factory for the next 10 to 20 years.

‘Any capital expenditure has that kind of long-term investment plan within. And of course, different lines and different product mixes will also change the picture.

One thing that the pandemic has taught us is that these shifts can happen quite fast. During the lockdown, the one-litre pack hit the roof because everybody was at home and they were consuming more milk. Now that things have opened up, we see a shift to the smaller packs,” she said.

According to Ramjeet, by implementing Industry 4.0 technology, DLMI aims to achieve operational excellence and efficiency in order to continue winning in Malaysia and future markets.

She also said with the new factory, DLMI is committed to providing high-quality, Halal and affordable nutritious products for the foreseeable future.

Adopting new innovations will enable DLMI to meet its dairy production growth while also benefiting the growing local dairy industry by improving the quality and volume of local raw milk production.

“With the new factory, we can improve production efficiency and product innovation. We are also building a viewing deck and a visitor centre, which will open next year.

“We will have a pilot plant for research and development to create and innovate products with export potential. So we are taking our factory from 1963 into the future,” she said.

The new factory will house a distribution centre, enabling DLMI to operate an end-to-end production cycle, she said.

In terms of how DLMI will continue to manage product pricing in the current environment, Ramjeet said with over 60 per cent household penetration, the company needs to keep its products affordable because Malaysia faces a significant nutritional challenge.

“It is our responsibility to keep products affordable for consumers. On the other hand, we have stakeholders and shareholders who expect profits from us. And the answer to this is a triangle dilemma.

“You must keep your products affordable, and you must ensure that you can account for inflation, currency exchange, and cost increases while still meeting our shareholders’ expectations. In this triangle, the balance is pricing. It is not easy.

“The inflationary hit is real, and we saw it across the board. It happened with both the factory and our raw materials. The price of dairy raw materials increased by 30 per cent, with the biggest spike happening last year and into this year. I call it the peak of the inflationary hit.”

It was a difficult time for the company and the industry as a whole, to deal with the inflationary cost hit.

“It is still at a historic high, but the good news is that it looks like it has stopped rising. Some materials, as you can see, are gradually declining in price. What I can say is the worst is behind us. I am hoping things will stay this way,” she said.

Growth plan mooted in 2018

Royal FrieslandCampina, a Dutch conglomerate, owned 50.96 per cent of DLMI. Amanah Trustees Bhdd (12.9 per cent) and the Employees Provident Fund (11.05 per cent) are the other major shareholders in DLMI.

Ramjeet said the entire plan to expand DLMI began in 2018 when the company’s then-MD, Tarang Gupta, requested a strategy review with the board’s approval.

“We looked at what strategic opportunities we see for DLMI going forward. And I think through that exercise, what we realised was the importance and growth of dairy. I am very grateful that the rakyat of Malaysia continues to understand that milk is nutritious and that they continue to have our products in their shopping baskets.

“What we saw is that we have been growing over the past few years, and we expected this growth to continue. But when we looked at the factory, we realised that it had reached its limit.

“This area has been redesigned for mixed development; therefore, we could not get any more utilities or build upwards. That is when we decided it was time for us to move out, and that was the start of Project Big Blue.

‘We also evaluated whether we could still stay here (Petaling Jaya). So that was a brown field versus a green field exercise, but then we very quickly realised that with the space and restrictions, a green field was the best option. We got approval to proceed in 2019 and to find the land,” she said.

Ramjeet explained that Bandar Enstek was chosen because it is the country’s largest Halal hub and is close to Kuala Lumpur International Airport and major highways.

The availability of the large tract of land (32.59 acres), which is three times the size of the current land housing the Dutch Lady factory in Petaling Jaya, was most important, she said.

DLMI intends to introduce new flavours, packaging formats, and sizes through this plant.

Aside from exporting to Singapore and Brunei, the company is looking for new markets, Ramjeet said.

Addressing stunting issues among Malaysian children

DLMI has been a part of the Malaysian landscape since 1963, and it has a multigenerational appeal to continue “Nourishing the Planet and People at Every Stage of Life”.

The Dutch Lady brand includes special formulations for children such as Dutch Lady 123 and Dutch Lady 456, as well as fresh and UHT milks, milk powders, yoghurts and flavoured milk drinks.

In 1988, it was the first Malaysian dairy company to introduce fortified milk powder for children.

Its “Grass to Glass” philosophy drives the company’s sustainable roadmap, which has four goals: better nutrition for Malaysians, driving sustainable initiatives at the farm level, better balance with a lower carbon footprint, and post-consumption efforts.

Ramjeet said the mission of DLMI is to nourish the planet and people at all stages of life, and the company sees opportunities for continuous growth in Malaysia.

She said Malaysia has a long way to go to drive the country’s nutritional agenda.

According to the Southeast Asian Nutrition Survey II, the nutritional status of Malaysian children is concerning, she said.

It was discovered that 70 per cent of children under the age of 12 did not meet the recommendation for calcium intake, 84 per cent did not meet the recommendation for vitamin D intake, and one in every three children does not eat breakfast when they go to school.

Only 37 per cent of Malaysian children have milk and dairy for breakfast, and 83 per cent of those who do have breakfast do not meet the daily recommended dairy intake.

“When we read the National Health & Morbidity Survey 2022, we noted that Malaysia’s stunting rate is increasing.

“We are now 21.2 per cent stunted, up from around 19 per cent previously. Facts have proven that when one in five Malaysian children is stunted, there is a direct correlation with how the economy is going to develop. And also, you are at greater risk of becoming obese later in life.”

Based on the statistics, she feels worried for the nation.

“If this is the way our nation is heading from a nutritional angle, it is not going the right way. If you look at our products, the recommendation is two glasses of milk a day, and you will get the calcium that you need.

“We also fortify with Vitamin D so you will get Vitamin D. And we have products for every stage of life. Hopefully, these can address the stunting issue that you need to catch at a certain age and also help reverse this alarming nutritional status,” she added.

Source: NST

Dutch Lady gearing up for the future

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Investor confidence will be boosted by the commitment of the leaders of Malaysia and Singapore to the proposed Johor-Singapore Special Economic Zone (SEZ), says state executive councillor Lee Ting Han.

The investment, trade and consumer affairs committee chairman said recent statements from Prime Minister Datuk Seri Anwar Ibrahim and his Singapore counterpart Lee Hsien Loong were a significant marker in the development of the SEZ.

“This will give confidence to industry players. The two leaders also mentioned the free flow of goods and people.

“We are looking into whether we can expand the initiative further to the free flow of data or capital that will make the SEZ special,” he said after flagging off the Sunbeam Run 2023 yesterday.

Ting Han said the state government was also part of the Joint Ministerial Committee for Iskandar Malaysia (JMCIM), which is studying the SEZ.

“We are also receiving advice from experts and stakeholders to ensure that the SEZ will benefit the people,” he added.

During the 10th Singapore-Malaysia Leaders’ Retreat on Oct 30, Anwar and Hsien Loong agreed to jointly develop the SEZ.

In a joint statement, the two leaders said that the SEZ would tap into the complementary strengths of the two countries to foster economic connectivity by improving cross-border flows of goods, investments, and people.

The leaders also commended the Industrial Cooperation Work Group and agencies from both countries for working together closely to facilitate high-profile investments and create jobs in Iskandar Malaysia.

Malaysia and Singapore will be inking a memorandum of understanding on the parameters of the SEZ by Jan 11 next year.

Source: The Star

A ‘premier’ boost to the Special Economic Zone

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HMI Group, the parent company of Mahkota Medical Centre (MMC), is investing RM250 million in innovative approaches to deliver world-class healthcare services through Centres of Excellence (CoEs) specialising in critical fields such as cancer.

The Breast Cancer Clinical Care Programme Certification (CCPC) accreditation and MMC’s status as a shortlisted finalist in the Flagship Medical Tourism Hospital Programme demonstrate the group’s commitment to medical excellence. The flagship programme, spearheaded by the Malaysia Healthcare Travel Council (MHTC), aims to raise globally renowned icons for healthcare travel.

“We are confident in our capacity to play a pivotal role in propelling Mahkota toward realising Malaysia’s healthcare and medical tourism aspirations,” said HMI Group group CEO Chin Wei Jia.

Shortlisted finalists are expected to provide top-notch healthcare services and adhere to international standards, contributing to Malaysia’s medical tourism industry and global recognition.

For 2024, MMC will focus on increasing investments in medical technologies, digital health applications and the development of CoEs to address complex medical procedures. The southern region of Malaysia, particularly Melaka, is a priority due to its strategic location, accessibility and rich heritage.

Accessible and Affordable

MMC CEO Teo Chin Yee said MMC provides value-based healthcare services that are accessible and affordable.

“We aim to offer international patients a seamless and culturally sensitive healthcare experience through various initiatives, including Authorised Representative Offices (AROs) and an International Patient Centre,” she said.

Teo further shared that the centre will be using a significant amount of the RM250 million fund to channel towards the development of new CoEs across various medical specialities.

Teo said these CoEs will not only leverage advanced technologies but also the ongoing training and development of healthcare professionals.

“This paired approach will ensure world-class medical care for international patients,” she added.

She also highlighted that the medical centre has increased its efforts to elevate the quality of touchpoints through providing personalised assistance.

“Our nurse navigator programme is one example of how we will be implementing more initiatives to create greater connectivity with doctors and medical professionals, while streamlining processes for a seamless patient journey for all international patients.”

Additionally, the medical centre is building trust with international patients through increased engagement initiatives. This will require proactive communication and ongoing follow-ups, which will be aided by integrated services. To illustrate, the CCPC programme offers a five-year follow-up to closely monitor patients following the completion of their treatment.

Making Improvements

Meanwhile, MMC will be focusing on key improvements including an increase in investments in medical technologies to facilitate better diagnosis and improve patient outcomes, as well as the development of digital health applications to provide an efficient patient journey and accessible healthcare services and information.

“MMC is also focused on building CoEs for highly complex medical procedures and aims to achieve international accreditation, which will further boost the hospital’s reputation,” Teo affirmed.

She also opined that building the centres across the southern region of Malaysia should be a priority due to its close proximity to other nations in the south, such as Indonesia and Singapore.

MMC plans to increase its strategic role in Malaysia’s medical tourism agenda, strengthened by its rich heritage and easy access to the airport and ferry ports. While the government may have broader initiatives, MMC is also actively doing extensive fieldwork to understand diverse languages and cultural sensitivities.

MMC has established AROs in the home countries of international patients, where they serve as a reliable resource that eliminates language barriers and is well-versed in cultural sensitivities, ensuring a smoother experience for international patients. Additionally, it will have an easily accessible International Patient Centre, where the patient experience team will be stationed.

“These personnel are trained to receive and assist patients from our targeted international markets,” Teo explained.

All in all, the hospital affirms its commitment to provide value-based healthcare services that are accessible and affordable, empowering international patients to understand healthcare options through competitive pricing and cost transparency.

Source: The Malaysian Reserve

Mahkota Medical Centre investing RM250m in innovative healthcare services

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Japanese companies in Malaysia have pledged to enhance and broaden their investments and development in the country.

Prime Minister Datuk Seri Anwar Ibrahim who received a courtesy call from his counterpart Fumio Kishida today said, Japan had greatly contributed to our initial phase of industry development.

“Japan had contributed on our initial phase of industry development and this year we have commitment of Foreign Direct Investment from Japan that exceeds RM30 billion or US$6.33 billion.

“This is very impressive from companies that are already investing in Malaysia who without exception made this commitment with the ambassador present that they all had committed themselves to increase, extend and expand their development into Malaysia.

“Of course through the Ministry of International Trade and Industry (MITI), the minister has alerted me that there are new investments into Malaysia this year,” he said.

Anwar and Kishida today had a lengthy meeting to discuss bilateral relations, especially in the fields of trade and investment, education, defence, environment and energy security, as well as information and communication.

Source: NST

Japanese companies in Malaysia pledge to expand investments, says PM

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Malaysia is optimistic that foreign direct investments (FDI) from Japan will exceed RM30 billion (US$6.33 billion) in 2023, signifying Japanese investors’ unwavering confidence towards Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim today.

He said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz had informed him that there would be new investments coming from Japan this year.

“This is very impressive (coming) from (Japanese) companies that are already investing in Malaysia, which, without exception, have made the commitment to increase and expand into Malaysia,” he said during a joint press conference with Japanese Prime Minister Fumio Kishida here today.

Kishida is here on a two-day working visit to Malaysia.

On another note, Anwar said that as members of the Asia Zero Emissions Community, both Malaysia and Japan are committed to increasing efforts to decarbonise and achieve greater zero greenhouse gas emissions aspirations.

“We look forward to enhancing collaboration with Japan as we have been exporting liquefied natural gas (LNG) via Petronas for decades, and this is something that Prime Minister Kishida and his delegation are very keen to do,” he added.

In 2022, LNG accounted for a major portion of Malaysia’s exports to Japan, comprising 31 per cent of total exports to the country.

Source: Bernama

Malaysia optimistic FDI from Japan to exceed RM30bln in 2023 — PM

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Cidols an oleochemicals company has launched its inaugural plant in Malaysia further establishing the country as a viable investment destination for international companies. The group aims to strengthen its position in the downstream oleochemical industry, leveraging on the trades of millions of tonnes of fatty acid, fatty alcohol, fatty esters, and glycerin worldwide.

The newly inaugurated plant focuses on the production of specialised natural-based fatty esters that drive progress towards sustainability. The extensive product range includes Dimer Dilinoleyl Dimer Dilinoleate, Phytostearyl Isostearyl Dimer Dilinoleate, PCA Glyceryl Oleate, Glyceryl Caprylate, Glyceryl Heptanoate, Glyceryl Isostearate, Isoamyl Laurate, Butylene Glycol Dicaprylate/Dicaprate, Oleyl Erucate, Coco-Caprylate/Caprate, Polyglyceryl Laurate, Polyglyceryl Oleate, among others. The production of these specialties necessitates profound expertise in ester molecule engineering, advanced processing techniques, and innovative research and development processes.

Malaysia now possesses the capability to manufacture these products, pioneered by CIDOLS, positioning the country as a global competitor in the field. Additionally, the plant has achieved FSSC 22000 certification and adheres to strict food processing and handling procedures. The latest milestone includes GMP+ certification awarded in October 2023, with hopes of obtaining halal certification by year-end. These certifications further strengthen CIDOLS’s capacity to meet the diverse requirements of a global clientele.

Furthermore, CIDOLS’s complies with RSPO and COSMOS standards, providing silicone-free, paraben-free, and PEG-free alternatives that align with the burgeoning demand for specialty esters in the personal care industry worldwide. At present, CIDOLS takes pride in serving customers across more than 30 countries infive continents.

Mr. Eddy Chong, Managing Director of CIDOLS added, “Though CIDOLS operates on a smaller scale, our facilities match those of industry giants, enabling us to produce high-quality, high-performance products. We take immense pride in being a fully Malaysian-made enterprise, from the conceptualisation phase to engineering, thanks to the remarkable partnership with Kawan Engineering.”

Source: Business Today

Cidols Opens First Oleochemical Plant In Malaysia

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The Malaysian Palm Oil Board (MPOB) has inked a memorandum of understanding (MoU) with Cidols Sdn Bhd for a project on the derivatisation of glycerol into glycols and olefins.

In a statement today, MPOB said the MoU enabled it and Cidols to hold detailed discussions on future directions and joint partnerships for technical collaboration for the value-added glycerol technology development project.

“MPOB and Cidiols will jointly share technical expertise, technological know-how and market intelligence on oleochemical derivatives.

“Furthermore, the two entities will jointly explore potential research and commercial collaborations on bio-based chemicals such as glycol and alkenes/olefins and their derivatives,” it said.

MPOB director-general Datuk Ahmad Parveez Ghulam Kadir said the collaboration signifies the potential of combining expertise from different sectors to create solutions that are commercially viable and environmentally sustainable.

“The conversion of glycerol into glycols and olefins is a significant step forward in addressing global demand for these essential chemicals.

“It adds value to a by-product of the palm oil industry and promotes a circular economy,” he said.

Ahmad Parveez said that Cidols’ commitment to innovation and sustainability aligned with the pressing need for environmentally responsible practices in today’s chemical manufacturing landscape.

“Cidols’ approach is an example of how innovation can lead to solutions that benefit both business and the planet.

“The company’s dedication to advancing ester molecule engineering and the production of high-value speciality esters has contributed significantly to Malaysia’s position on the global stage,” he added.

Source: Bernama

MPOB, Cidols sign MoU on glycerol derivatisation project, says D-G

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HIL Industries Bhd’s indirect wholly-owned subsidiary, Amverton Prop Sdn Bhd, has entered into a conditional sale and purchase agreement with A&M Modern Homes Sdn Bhd (AMMH) to acquire a three-acre parcel of land in Kuala Lumpur for RM47mil cash.

In a filing with Bursa Malaysia yesterday, HIL Industries noted the proposed related-party acquisition would enable it to replenish its land bank and property development projects in view of the upcoming completion of its ongoing projects.

The said land is meant for the development of residential condominiums, the filing revealed.

“The proposed acquisition is expected to increase the group’s existing land bank from 56.5 acres to 59.5 acres available for development,” it added.

AMMH is a wholly-owned subsidiary of Amverton Bhd.

HIL Industries said the potential development of the AMMH land is also expected to increase the revenue and profit contribution from the property development segment as well as the overall financial performance of the group.

HIL Industries expects the proposed acquisition to be completed by the first quarter of 2024.

Due to the proposed acquisition being deemed to be a related party transaction, HIL Industries has appointed Strategic Capital Advisory Sdn Bhd to act as the Independent Adviser on the deal.

Apart from property development, HIL Industries has over 40 years of experience in the plastic injection industry.

Source: The Star

HIL Industries in RM47mil Kuala Lumpur land buy

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ST Telemedia Global Data Centres (STT GDC) and Basis Bay have formed a joint venture (JV) partnership to develop, construct and operate data centre projects in Kuala Lumpur and Cyberjaya.

According to a joint statement, the new JV plans to build their first data centre campus in Cyberjaya to support the development of two buildings on more than 1.21 hectares (3 acres) to deliver about 20 Megawatt (MW) of IT load.

The first building Cyberjaya DC 2 will be ready for service in 2024 and will focus on serving local and international banks, financial institutions, government agencies and other segments of the economy.

The second building STT Kuala Lumpur 1 is expected to be completed by 2025 and is expected to serve the hyperscale segment which involves both scale and volume, the statement said.

STT GDC president and group chief executive officer Bruno Lopez said the JV is a unique domestic and foreign direct investment (DDI/FDI) partnership.

“The FDI infusion from STT GDC comes from our experience managing, operating, and building more than 85 data centres in 10 geographical locations around the world,” he said at the launch here.

“We have chosen and decided to partner Basis Bay because we know them to be local, strong and have a deep understanding of the domestic landscape. We have the philosophy in every country where we go in—think global, act local,” he said.

Basis Bay, a leading provider of sustainable cloud and green data centres, currently offers colocation and data centre-managed services from a Glenmarie and a Cyberjaya data centre in Malaysia.

Basis Bay executive chairman Datuk Praba Thiagarajah said the partnership is positioned to meet the volume and scale requirements of hyperscalers and the needs of financial institutions.

“Basis Bay provides premium cloud services and will continue to be a service provider of data centre services tailored for financial institutions,” he said.

Source: Bernama

ST Telemedia GDC, Basis Bay to build data centres in Cyberjaya, KL

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Malaysia’s carbon pricing instrument study, led by the World Bank and Impact Malaysia, is expected to be completed in 2024.

The outcome will help the government to decide whether to impose a carbon tax or establish an emissions trading scheme, said Shireen Jasmin Ali, director of industry Environmental, Social and Governance (i-ESG) division at the Ministry of Investment, Trade and Industry.

Early this year, the Ministry of Finance (MOF) said that the government has no plans to implement a carbon tax in the near future.

However, the MOF said that there might be a need for it in the long run and it would study its feasibility as one of the ways to support the nation’s goal of reducing greenhouse gas (GHG) emissions.

On top of that, Shireen Jasmin said the study on GHG emissions reduction in the manufacturing sub-sectors will also be completed next year.

“Under the national i-ESG Framework objective, the government is looking at enhancing sustainable practices in the manufacturing sector, with a clear, consistent and coherent guideline for industries in transitioning towards ESG compliance practices,” she said during a panel discussion at the Malaysian Iron and Steel Industry Federation Trade Forum here on Thursday.

The government is also assessing and assisting companies, especially small and medium enterprises’ readiness to embrace ESG principles.

Source: Bernama

MITI: Study on carbon pricing instrument to be completed next year

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Johor has secured about RM 3.35 billion in committed investments for the manufacturing sector as at the second quarter of 2023 (2Q 2023), said Johor Investment, Trade, and Consumer Affairs Committee chairman Lee Ting Han.

He said the investments involved 121 approved projects, which are expected to generate 6,400 jobs.

“The top five approved manufacturing sub-sectors (for investments) are electrical and electronics (17 projects — RM1.36 billion) and non-metallic mineral products (eight projects — RM665 million).

“Meanwhile, fabricated metal products has 31 projects with RM387 million in investments, chemicals and chemical products (nine projects — RM203 million) and transport equipment (four projects — RM 141 million),” he said in a post on his official Facebook page.

Earlier today, Lee officiated the groundbreaking ceremony for Ferrotec Power Semiconductor Malaysia Sdn Bhd’s 60,000 sq ft manufacturing facility in Pasir Gudang.

He said the facility, with an investment of RM520 million, is expected to provide 460 high-skilled job opportunities for Johoreans when it is completed in 4Q 2024.

“I had the opportunity to visit Ferrotec’s facility in Shanghai about a month ago and witnessed myself the products and processes Ferrotec is bringing to Malaysia.

“It is very encouraging to see a world-leading manufacturer, marketer, and distributor of advanced material, component, system, and manufacturing solutions in a broad array of end products choose Johor, one of the leading States in Malaysia in terms of trade, investment, and economic performance,” he said.

Source: Bernama

Johor secures RM3.35b committed investments for manufacturing sector as at Q2 2023, says state exco

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The Malaysian government expects green hydrogen energy to be a valuable new commodity and aims to make it affordable for the local market, at a price of 15 sen per kilowatt hour (kWh) within five years, through various initiatives and partnerships with the private sector.

Science, Technology and Innovation Minister Chang Lih Kang said Malaysia’s green hydrogen market is expected to grow to US$3.1 billion (RM14.73 billion) by 2050, as projected by the Hydrogen Economy and Technology Roadmap (HETR).

He added that green hydrogen energy is expected to be a valuable renewable energy commodity to the country by 2050 as outlined in the HETR.

“Malaysia is determined to become a leading hydrogen economy nation by 2050 and achieve global decarbonisation targets. If we become a green hydrogen producing nation in the region, (the projections) would be even bigger because we are not only focusing on the Malaysia market, but the whole region,” he told reporters after the launch of HyPEReactor by NanoMalaysia Bhd today.

Currently, he said, hydrogen is priced at 60 to 80 sen per kWh and the government aims to bring it down to 15 sen per kWh in five years’ time.

Chang said the government is working to achieve the goal through various efforts, which include the scaling up of efforts that will boost the country’s hydrogen economy, cooperation with research and development institutes or universities as well as cooperation with the private sector.

“(The hydrogen production cost) now is expensive because the market is not built yet. When you have more users of (hydrogen energy) and the entire ecosystem is complete, then (demand will improve) and the production cost will come down.”

In terms of investment, NanoMalaysia CEO Dr Rezal Khairi Ahmad said the scaling up of activities is under way and the agency is working with companies such as Prasarana Malaysia Bhd and BiForst Bhd to scale up validation platform to showcase hydrogen energy costs at various scales.

The projects are in the phase of converting internal combustion engines to electric vehicles. Moving forward, it has plans to develop it to include hydrogen energy.

“We also talking to investors such as Khazanah because they have schemes such as Dana Impak, which aligns with their investment in goals and aspirations, so everything is happening concurrently,” Rezal said.

HyPEReactor is a modular and customisable hydrogen generation system that uses sodium borohydride. This system enables the rapid production of hydrogen and stores hydrogen in solid form, reducing the need for high-pressure liquid storage while introducing a cost-effective approach.

Chang said: “It is in line with the development initiative under the HETR and supports Malaysia’s ambitions towards achieving global decarbonisation targets and plays an important role in developing a strong and competitive ecosystem across the hydrogen value chain.”

Source: The Sun Daily

Cheaper green hydrogen energy in the pipeline

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In a resounding call for collaboration and sustainable progress, Malaysia expressed its keenness to learn from South Korea, emphasising on mutual learning and cooperation in hydrogen technology.

Natural Resources, Environment and Climate Change (NRECC) Minister Nik Nazmi Nik Ahmad, in recognising the expertise of South Korea, said that it is a pivotal step in advancing Malaysia’s hydrogen technology capabilities towards complementing the nation’s own hydrogen economy development efforts.

“Much like South Korea, Malaysia is actively pursuing the development of a hydrogen economy. As we are well aware, hydrogen has the potential to be a powerful enabler for energy transition, as it offers a clean, sustainable, and flexible option for a resilient and low-carbon economy.

“Let me assure you that the government of Malaysia is open to business and foreign investment, and that we are willing to assist companies from abroad wishing to expand here or deepen their existing presence, especially from Korea,” he said in his opening remarks at the “Malaysia-Korea Sustainable Energy Summit 2023” held here in conjunction with the 40th anniversary of the Look East Policy (LEP) of the two nations.

Nik Nazmi said the newly-launched Hydrogen Economy and Technology Roadmap or HETR outlines hydrogen as a clean energy source to reduce pollution and enhance energy security while emphasising its importance in the country’s transition to renewable and low-carbon energy.

The roadmap, launched last month, projects that by 2030, Malaysia could achieve a 0.4 per cent to 1.3 per cent reduction in greenhouse gas emissions and generate substantial revenue contributions to the GDP, along with the creation of thousands of jobs in the clean energy sector.

By 2050, these figures are expected to increase, positioning Malaysia as a major hydrogen exporter in the Asia-Pacific region, with significant revenue and job opportunities, while also contributing to a 15 per cent reduction in GHG emissions, he added.

In addressing the trilemma faced in the energy sector, namely balancing sustainability, security, and affordability, the Minister also underscored that Malaysia’s energy transition initiatives is aimed at striking this delicate balance.

He noted that the energy transition is an integral part of the country’s broader initiative to restructure the Malaysian economy under the Madani Economy framework, while the National Energy Transition Roadmap or NETR is a cornerstone in shaping Malaysia as a regional leader in energy transition among Asian economies.

“We are optimistic that Malaysia’s energy transition initiatives will succeed in balancing the energy trilemma. It will generate high-paying job opportunities, attract domestic and foreign investments, and ensure the continuity of Malaysia’s green energy supply,” he said.

Meanwhile, South Korean ambassador to Malaysia Yeo Seung Bae said the summit serves as a platform not only for knowledge exchange but as a catalyst for tangible collaborative projects, setting the stage for a more sustainable and energy-efficient future for both nations.

The summit, which was co-hosted by NRECC and the South Korean embassy here in Kuala Lumpur, brought together over 60 attendees from Malaysia, including high-ranking officials from NRECC and approximately 40 representatives from various government agencies and key South Korean players such as the Trade, Industry, and Energy Ministry, Korea Energy Economics Institute (KEEI), and Korea Energy Agency (KEA).

Source: Bernama

Malaysia keen to learn from South Korea to advance hydrogen economy development

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The Ministry of Investment, Trade and Industry (Miti) will form an independent committee to look at future funding for a zero-carbon iron and steel industry.

The announcement was made by Deputy Investment, Trade and Industry Minister Liew Chin Tong at the Malaysian Iron and Steel Industry Federation Trade Forum today.

He said Miti Minister Datuk Seri Tengku Zafrul Abdul Aziz has decided to form the committee, which HSBC Bank Malaysia chief executive officer Datuk Omar Siddiq Amin Noer Rashid will lead.

“The steel industry contributes 28 per cent of total manufacturing emissions and around four per cent of total national emissions. It is a problem, but it’s also an opportunity for investment in green transition,” he said.

Liew said the government is also ready to incentivise the steel industry in its decarbonisation journey.

“For example, the government can work together with the industry and see how to provide incentives for green transition in the context of the new masterplan,” he said.

Liew noted that Miti has tasked the Malaysia Steel Association (MSA) with formulating a green transition masterplan for the country’s iron and steel industry towards reducing its carbon footprint.

Meanwhile, he said Southeast Asia needs to establish collaborative efforts and dialogues to address the significant overcapacity faced by the region’s steel industry.

The deputy minister said regional countries should also engage with China to emulate its success in overcoming overcapacity, where it removed 150 million tonnes of capacity from the steel industry in 2020.

“I would like to propose the Malaysian government and the industry to work with China on understanding the capacity in Southeast Asia and Malaysia.

“Secondly is to work with Southeast Asia at the bilateral level to see what we can do about overcapacity. I think there is a need to elevate this agenda to some of the Asean discussions,” he said.

Citing research by the South East Asia Iron and Steel Institute, Liew said that in 2021, Southeast Asia had 75.3 million tonnes of steel capacity and was on a rising trend.

“If we do nothing, by 2026, it may go up to 151.9 million tonnes. So, the region needs to talk to each other about dealing with all overcapacity challenges,” he added.

Source: Bernama

MITI to form independent committee on green financing for steel industry, says deputy minister

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An investor from Abu Dhabi is keen to place some of its planned US$20 billion investment in Malaysia into renewable energy projects in Sarawak, said Dato Sri Fadillah Yusof.

The Deputy Prime Minister said political stability in Sarawak under Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has been key to empowering the economy.

“The diversity of economic activity planning by the state government, especially regarding renewable resources, utilising natural resources has encouraged foreign investment such as from Abu Dhabi, which is interested in investing US$20,000 billion for a period of 10 years in the same field,” he said when attending an event at Kampung Kemunting last night.

Fadillah said the Sarawak government is also exploring an algae project in collaboration with Petronas for jet fuel, hydrogen, green economy, and digital economy.

“Community support in the state administration is very necessary to fulfil the voice of the people in Sarawak even though some plans will take time to be realised,” he said.

He pointed out that with the formation of the Unity Government, the people put a lot of trust in the state leadership and thus a Sarawakian has been given the mandate to be Deputy Prime Minister.

The Parti Pesaka Bumiputera Bersatu (PBB) senior vice-president said it was the solid support of Sarawakians that made this possible.

He thus called on Bintulu folk, especially in Jepak constituency, to continue ensuring the stability of the state government under Gabungan Parti Sarawak (GPS).

Fadillah added voting for GPS candidate Iskandar Turkee on Saturday will ensure their voices are heard in the State Legislative Assembly (DUN).

The Jepak by-election will see a three-cornered fight between Iskandar, Chieng Lea Phing from the Sarawak People’s Aspiration Party, and Stevenson Joseph Sumbang from Parti Bumi Kenyalang.

The by-election is being held following the death of six-term incumbent Datuk Talib Zulpilip on Sept 15.

The Jepak state constituency has 22,804 voters, comprising 22,761 ordinary voters and 43 police personnel.

Source: Borneo Post

DPM Fadillah: Sarawak’s renewable energy projects may get share of Abu Dhabi company’s planned $US20 bln investment in Malaysia

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The government will refine the inclusion of the logistics sector in the Sales and Service Tax (SST) and has not ruled out the possibility of granting exemptions to certain sub-sectors if it is found to directly affect the public’s interests, said Prime Minister Datuk Seri Anwar Ibrahim.

Speaking in the Dewan Rakyat on Thursday, Anwar also clarified that the SST rate for the logistics services will be 6%, and not 8% as proposed for most other sectors.

“However, the government understands that there are many concerns regarding logistics services being subject to SST. The Ministry of Finance (MOF) is currently in the process of refining the details. If it is found to directly affect the interests of the public, exemptions will be considered,” he said during his Budget 2024 winding-up speech.

Anwar, who is slso the finance minister, also instructed the MOF to conduct engagement sessions with stakeholders, particularly in the logistics sector, to gather input and opinions before implementing the tax. This process will include identifying a detailed list of logistics sub-sectors that will be subject to the SST.

He also reiterated that the SST rate increase does not affect services widely used by the majority of the people, such as food and beverages, telecommunications and vehicle parking, which will remain at the 6% rate.

During the debate session, lawmakers from both sides of the aisle raised concerns about the government’s proposal to increase the SST to 8% from the current 6%, and its expanded scope to include logistics services, potentially burdening consumers with increased costs of goods.

Lim Guan Eng (PH-Bagan) pointed out that the inclusion of logistics services would result in increased costs for goods and would ultimately raise the cost of living for the public. This sentiment was echoed on the opposition side by Tan Sri Muhyiddin Yassin (PN-Pagoh).

Meanwhile, Anwar defended the government’s proposal to implement a capital gains tax (CGT), stressing that it would only affect the “mahakaya” (ultra-rich) group.

He pointed out that the 10% CGT rate is lower compared with neighbouring countries such as Thailand and Indonesia, where both CGT and corporate tax are imposed at the same rate.

Anwar denied that the CGT would suppress small and medium enterprises, as it does not apply to individuals disposing of unlisted shares.

“The government also wants to emphasize that the CGT is not imposed on listed shares to ensure that Bursa Malaysia remains competitive with regional countries while maintaining the confidence of foreign investors.

“CGT will also be exempt for the disposal of shares related to approved initial public offering activities, internal restructuring, and venture capital companies,” he said.

Source: The Edge Malaysia

Logistics sector’s inclusion in SST to be refined, says Anwar

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Malakoff Corp Bhd plans to increase its market share by seeking opportunities to expand its portfolio of rooftop solar, grow in terms of large-scale solar (LSS) projects and engage in potential mergers and acquisitions (M&As), says managing director and chief executive officer Anwar Syahrin Abdul Ajib.

In achieving its 1,400 megawatt (MW) renewable capacity target by 2031, Anwar said it is a market share game. The company’s market share is now between 15% and 20%.

“But bear in mind, there are the likes of Gentari, GSPARX and Solarvest. However, Solarvest is more engineering, procurement, construction and commissioning. Asset owners-investors are not many, so we are basically in a different space so to speak.

“Time is running out (in achieving the 1400 MW target). It is also a way for us to neutralise the fact that we have a lot of thermal plants and people criticise us for not doing enough.

“So, this is a commitment in terms of trying to reduce or offset the greenhouse gases that we generate from our power plants,” he said during a signing ceremony yesterday between the firm and DRB-Hicom Bhd-owned companies.

Anwar said Malakoff remains confident of achieving its 1,400 MW target as the company has the financial strength and the capabilities to do so.

“Even if we do get about half of that, I will say that is an achievement on its own.

“I think we are competitive and my people are very driven. When we actually made the announcement, we rebranded this organisation, so it is a transition, it is a transformation of Malakoff.

“Hence, by hook or by crook we have to make it happen. This is a big commitment from the organisation,” he said.

Malakoff inked a solar power purchase agreement (SPPA) through its subsidiary Malakoff Radiance Sdn Bhd with DRB-Hicom-owned companies for the development, operation and maintenance of solar photovoltaic systems at 14 locations in Selangor, Perak, Kedah, Melaka and Pahang.

The companies are Motosikal dan Enjin Nasional (Modenas) Sdn Bhd, PMB Properties Sdn Bhd, Isuza Hicom Malaysia Sdn Bhd, Hicom Automotive Manufactures (M) Sdn Bhd, CTRM Aero Composites Sdn Bhd, Hicom Teck See Manufacturing Malaysia Sdn Bhd, DRB-Hicom, DRB-Hicom Defense Technologies Sdn Bhd, Defence Services Sdn Bhd and PHN Industry Sdn Bhd.

With a total capacity of 20.78 MW peak and total electricity generation of 26,546.45 MWh per annum, this project is expected to play a role in making a substantial contribution to an annual reduction of 20,706 tCO2e equivalent to a carbon sequestration of 23,204.56 acres of forest, offsetting Co2 from the atmosphere.

“We have already installed 14.6 MW, so roughly the investment value of the SPPA is RM50mil. The total is dependent on when we get more from them.

“For the time being we are working on about another 10 MW. They are happy with what we have installed so far so there are opportunities for us to expand beyond the existing SPPAs that we have signed with them.

“The DRB group is very big and there are a lot of companies with a lot of rooftops, and they are predominantly in the space of manufacturing, so we need to actually try and do more with them,” he said.

Anwar said the amount of energy savings the companies will see is dependent on the solar irradiance.

“I will say the minimum is between 30% and 40%, but some are seeing a lot more savings on their electricity bill,” he said.

The implementation of solar energy at DRB-Hicom’s facilities also serves as another stepping stone for Malakoff in achieving a 500 MW target of solar projects within the Albukhary group of companies.

“It (achieving 500 MW) is going to be part of the 2031 target timeframe, because it takes time. We only can do so much in a year and these kinds of projects, normally not that many, are large scale. So each location can be between one and two MW.

“This is just DRB, we have Tradewinds, and MMC Ports that we have signed. So, it is a lot of heavy lifting,” Anwar said.

Malakoff is expected to invest around RM2.5bil to develop the 500 MW of solar projects.

“There is only so much equity that we can put in.

“If everything is in cash, then we will be out of cash for other purposes. So normally we go 80:20; 80 debt and 20 cash. Normally that is the kind of structure that we have in place,” Anwar said.

Anwar added that the company is very opportunistic in terms of its overseas expansion and this is not limited to just solar but also water as the company is already in that space.

“Just as a recap, we are at the top five when it comes to water production capacity in the Middle East. We produce about 472,000 cubic metres per day. So we are very opportunistic in terms of looking at the market.

“We have not really explored, for example Asean. So we need to actually take a look at the market over there provided that the regulatory framework is in our favour, because it is not easy doing business outside of Malaysia,” he said.

Source: The Star

Malakoff eyes expansion

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Mercedes-Benz has rolled out its 100,000th Mercedes-Benz passenger car at its production plant in Pekan.

Mercedes-Benz Cars Malaysia president & CEO and Mercedes-Benz Cars SEA II head of region Amanda Zhang said, “Mercedes-Benz is the first and only luxury automotive manufacturer to master the local production process in Malaysia. Since its establishment in 2004, the Mercedes-Benz production plant in Pekan has played a pivotal role in shaping the Malaysian automotive landscape.”

Another important milestone achieved earlier this year was the successful start of the locally-assembled EQS 500 4MATIC. This accelerates the brand’s electric mobility drive and shapes the future of its automotive manufacturing, as well as the direction of its plant in Malaysia. In this way, the company is consistently implementing the Mercedes-Benz strategy toward “electric only”.

As Mercedes-Benz Malaysia strives to advocate an all-electric future in line with its global vision, Mercedes-Benz Cars will be ready to go all-electric by the end of this decade wherever market conditions allow.

The luxury automaker has set the target of making the fleet of new vehicles net carbon-neutral over the vehicles’ entire life cycle by 2039.

Mercedes-Benz Cars Malaysia vice-president of production Andreas Lettner said, “In alignment with our sustainability vision, we are committed to reducing our carbon footprint by minimising water and energy consumption while efficiently managing waste. Collaborating with our contract manufacturing partner Hicom Automotive, we’ve undertaken numerous upgrades at our plant. These enhancements encompass investments in machinery, capacity expansion and the implementation of various sustainability measures. These measures include energy conservation, reduced raw material consumption through innovative packaging, rainwater utilisation and the integration of green energy through photovoltaic panels.”

Mercedes-Benz Malaysia has invested over RM500 million todate in its Pekan plant.

Source: The Sun Daily

Mercedes-Benz rolls out 100,000th passenger car at Pekan plant

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Elon Musk linked companies Tesla and Starlink Internet Services Malaysia Sdn Bhd were allowed to operate in Malaysia as 100% foreign-owned companies after taking into account the benefits they could bring to the nation, says Datuk Seri Anwar Ibrahim.

“The exemption was given to Starlink by the Communications and Digital Ministry through the Malaysian Communications and Multimedia Commission(MCMC) to provide satelite internet services to Malaysian users,” the Prime Minister said in a written parliamentary reply dated Oct 31.

Starlink Malaysia obtained the Network Facilities Providers (NFP) (I) and Network Services Provider (NSP) (I) licences on July 17, 2023 and these will be in effect for a period of 10 years.

Anwar said under the Communications and Multimedia Act 1998 (Act 588), the foreign equity holding of the NFP(I) and NSP(I) licence holders is limited to 49%. This, he said, is imposed as a special condition for the licences.

“Nevertheless, the Communications and Multimedia Minister has the right to allow licence holders to hold 100% foreign equity based on the recommendations and evaluation of MCMC.

“Starlink had applied for this exemption,” he added.

As for Tesla, he said this is in line with the government’s decision to allow 100% foreign ownership for new projects, project expansion and diversification in the manufacturing sector by existing and new companies.

Tesla Sdn Bhd (Tesla), the Malaysian arm of the well-known American electric vehicle (EV) manufacturer Tesla Inc, officially began operations in Malaysia on July 20.

Anwar was responding to a question from Datuk Seri Hamzah Zainudin (PN-Larut) who asked the government to justify why it did not enforce the requirement for local equity holding and why the two companies were given exemption in what seems to be a “liberal” approach.

In an announcement on July 20, Communications and Digital Minister Fahmi Fadzil said that Malaysia issued the licence to allow Starlink to provide Internet services locally.

This makes Malaysia the 60th country to be served by the Musk-owned satellite constellation.

Source: The Star

Tesla, Starlink allowed 100% foreign ownership due to benefits for nation, says PM

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SBH Kibing Solar New Materials (M) Sdn Bhd has opened its new manufacturing facility at the Kota Kinabalu Industrial Park (KKIP), as part of its RM3 billion investment plan.

In a joint statement today, SBH Kibing Solar and the Malaysian Investment Development Authority (MIDA) said the plant will manufacture solar photovoltaic (PV) glass and create 1,400 new jobs, with a commitment to have at least 90 per cent of these positions be filled by Sabahans.

The statement said intensive training programmes will be implemented for the incoming workforce to ensure smooth operations of its new facility.

The launch ceremony was graced by Sabah Chief Minister Datuk Seri Hajiji Noor and was also attended by officials from MIDA and the Sabah state government, including Kibing Group chairman Yu Qibing.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz welcomed SBH Kibing Solar’s RM3 billion expansion through its second manufacturing plant in Sabah.

“This reflects the company’s confidence in Malaysia’s attractiveness as an investment hub, as well as in our policies on sustainable manufacturing and green economy, particularly as emphasised by the recently launched New Industrial Master Plan 2030 (NIMP 2030),“ he said.

Tengku Zafrul said this significant investment in the new plant reaffirms Malaysia’s standing as a key player in the complete manufacturing value chain for solar PVs while supporting Malaysia’s net zero greenhouse gas emissions goal by 2050.

MIDA chief executive officer (CEO) Datuk Wira Arham Abdul Rahman said the agency is optimistic that the new solar photovoltaic glass manufacturing facility will serve as a guiding light for the entire industry, motivating others to emulate its path and contribute to Malaysia’s shared progress and achievements.

“The spillover from this investment would certainly benefit Sabah in many ways, including the transfer of technology and job creation.

“This would inevitably aid in progressing the state into a thriving manufacturing centre and stimulating the economic development of Sabah,“ he said.

Meanwhile, Kibing Group assistant CEO Yao XinXi said the company is aiming to produce high-quality solar glass, foster local talent and create employment opportunities for the community.

‘’Our commitment to excellence in technology, innovation, and sustainability will ensure that the plant operates at the highest standards,‘’ he said.

Source: Bernama

SBH Kibing Solar opens new manufacturing facility in KKIP

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Southeast Asia’s internet economy is expected to grow 11 per cent year-on-year in 2023, slowing from last year’s 20 per cent growth, an industry report showed on Wednesday.

The annual report published jointly by Alphabet’s Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company, also said the region’s internet economy is seen worth USUS$295 billion by 2025, down from a previous estimate of US$330 billion.

“Digital economy sectors are showing positive growth trajectories, with travel and transport on track to exceed pre-pandemic levels by 2024,” the companies said in a joint statement.

The region of 11 countries and more than half a billion people has a young population, widespread smartphone usage, and a growing middle class, making it one of the world’s fastest growing internet markets.

Source: Reuters

Southeast Asia Internet economy to grow 11pct year-on-year in 2023

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Automotive labour forces in the country should be upskilled to cope with the industry’s transition from internal combustion engines (ICE) to electric vehicles (EV).

Simon Ng, Dassault Systèmes Partner sales director for Asia Pacific South, said the widespread and effectiveness of Technical and Vocational Education and Training (TVET) in the country plays a vital role in enhancing the nation’s automotive industry.

“The Malaysian government is encouraging TVET but the technical stream training in the country can be strengthened further,” he said in his presentation on preparing Malaysia’s automotive original equipment manufacturer (OEM), supply chain and workforce for the EV era, here today.

He said that Dassault Systèmes, a French multinational software corporation, plans to work with several government agencies in the future to implement its Virtual Twin platform in TVET.

Ng added that upskilling current and future labour forces in the automotive sector could help the industry move up the value chain, from low-cost production to high-value innovation.

This could help the government to increase manufacturing value-added to RM583 million by 2030 as targeted in the New Industrial Master Plan (2030).

During his presentation, Ng revealed that more than 2,600 battery electric vehicles (BEVs) were sold in Malaysia in 2022, compared to 274 units in 2021.

Meanwhile, Dassault Systèmes vice-president of Transportation and Mobility Asia, Guillaume Gerondeau said that the company targets to go zero carbon by 2040, and is keen to help the automotive industry to reduce carbon emissions in its manufacturing segment.

He said the corporation’s virtual platform enables industries to calculate the amount of carbon used in the entire production process and provide them with better solutions.

Source: Bernama

Upskilled labour forces vital for Malaysia’s automotive sector

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Efforts by Malaysian companies to push forth the environmental, social and governance (ESG) agenda will be celebrated.

All businesses, from small and medium enterprises (SMEs) to large corporations, that demonstrate exemplary ESG practices can now proudly showcase their endeavours through Star Media Group Bhd’s (SMG) ESG Positive Impact Awards (ESG PIA).

Entering its second edition this year, the ESG PIA – with OCBC Bank (Malaysia) Bhd as the main sponsor – seeks to recognise and showcase Malaysian companies’ journeys and achievements in the ESG space.

The awards also aim to accelerate ESG momentum across 15 categories and inspire greater adoption by businesses to drive lasting change and positive impact for a sustainable tomorrow.

Representing Malaysian Industry Development Authority (Mida) chief executive officer Datuk Wira Arham Abdul Rahman, Mida Investment Policy Advocacy (Manufacturing) executive director Masni Muhammad launched the awards for their second year at Menara Star here yesterday.

Commending SMG, sponsor OCBC Bank, and the programme partners, Masni said the dedication towards heightening awareness of corporate Malaysia’s sustainable practices and long-term impacts is definitely a step towards realising Malaysia’s net zero aspirations.

“This launch recognises individuals and corporations in Malaysia that demonstrate their leadership and advocacy in creating a positive impact on our environment and society.

“More and more small and medium-sized businesses in Malaysia are realising the importance of ESG practices, which go beyond profits to ensure the longevity and sustainability of their businesses and the wellbeing of our planet and people.”

In addition to this, the New Industrial Master Plan 2030 (NIMP 2030) and the National Industry Environment, Social and Governance Framework (i-ESG) were launched under the government’s national strategic policy framework, which focuses on good governance, sustainable development, and racial harmony.

Masni emphasised that the government is proactive in ensuring a just transition towards a low-carbon economy with the introduction of various frameworks and policies.

“Miti launched the i-ESG Framework on Oct 2 to prepare the nation’s manufacturing sector to embrace ESG principles and to tap into a US$12 trillion (RM57 trillion) global market for ESG-focused opportunities,” she said.

Representing OCBC Bank’s chief executive officer, Tan Chor Sen, OCBC Bank’s Wholesale Banking managing director, Jeffrey Teoh, said, “OCBC Bank has been around for more than 90 years, and the hallmark of our existence has been engagement with and service to the communities around us.

“High on the agenda today is our focus on ESG and how we create value for our customers and communities at large.

“This posture builds into the nation’s focus on achieving net zero (emissions) by 2050. This is an ideal that can only be attained when everyone comes together. In many ways, our role in SMG’s ESG Positive Impact Awards is to help this along.

“The broader picture of what OCBC Bank is doing for ESG lies in how we ensure our own practices, premises and posture are sustainable, alongside supporting corporates as well as SMEs and individuals in their ESG efforts,” he added.

Miti’s i-ESG deputy director, Dr Meenachi Muniandy, was also present at the launch.

SMG group chief executive officer Alex Yeow said the inaugural ESG PIA was introduced in 2022 to create a credible platform for companies to demonstrate their unwavering commitment to a sustainable future.

He said the media group is stepping up its game by becoming an enabler in the ESG landscape to help aspiring businesses go beyond just making profits.

“The ESG Positive Impact Awards 2022 allowed businesses to position themselves at the vanguard of their respective industries. It proved to be an excellent platform for companies to transform their achievements into inspiration for peers, investors, and stakeholders.”

Yeow emphasised that the media group has made it its responsibility to strengthen and foster a deeper relationship with the business community by focusing on three key areas.

“Last but not least, to strengthen our position as one of the enablers in pushing the nation’s sustainability agenda,” said Yeow after praising the government and private sector for their efforts in integrating and embracing ESG pillars in their organisational framework.

In conjunction with the launch, an ESG marketplace was held, featuring participation from the Centre for Environment, Technology and Development Malaysia, Cultiveat, Masala Wheels, Gerai OA, Zero Waste Earth Store, Graze Market, and the Green Factory.

The ESG Positive Impact Awards 2023 are organised by Star Media Group Bhd with OCBC Bank (Malaysia) Bhd as the main sponsor. To register your interest in the awards programme, visit staresgawards.com.my.

Source: The Star

Continuing nation’s ESG agenda

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Malaysia can achieve a shift towards higher-value manufacturing if the country has political commitment and collaboration between the public and private sectors, Deputy Minister of Investment, Trade and Industry Liew Chin Tong said.

“Looking at the current situation, we find that many investors are relocating from China to South-east Asia and this presents a golden opportunity for Malaysia to revive its economy,” he said when winding the debate on the Mid-Term Review of the 12th Malaysia Plan (12MP) in Dewan Rakyat today.

Therefore, he said the four missions outlined in the New Industrial Master Plan 2030 (NIMP 2030) also needed to be implemented simultaneously so that the country could transition to producing higher-level products and thus, be able to pay higher salaries to retain local talent in Malaysia.

The four missions are advancing economic complexity, enhancing technology to build a digital nation, moving towards “Net Zero” and ensuring economic security and inclusivity.

He said political stability, collaboration among all parties and the implementation of the missions contained in NIMP 2030 needed to be carried out concurrently to develop high-quality manufacturing industries.

“We need to implement all these missions simultaneously so that the country is not trapped in producing low-value products,” he said.

Besides that, he said the governance model of NIMP 2030 took a “whole-of-nation approach”, involving collaboration between the government and the private sectors.

“The National Council for NIMP 2030 will be responsible for driving strategic directions, monitoring, coordination and implementing action plans while a Delivery Management Unit (DMU) will be established in the Ministry of Investment, Trade and Industry (Miti) to coordinate administrative matters related to monitoring and evaluating NIMP 2030,” he said.

He said NIMP 2030 is aimed at having a high impact on the country’s economic growth, especially in the manufacturing sector, where the value-added by the manufacturing sector to gross domestic product (GDP) is expected to increase to RM587.5 billion by 2030 through this plan.

“This projection is based on a growth rate of 6.5 per cent, including contributions from high-impact subsectors such as electrical and electronics, chemicals, electric vehicles, aerospace, pharmaceuticals, medical devices and advanced materials,” he said.

Liew said the total employment in the manufacturing sector is also expected to increase to 3.3 million in 2030.

“This job growth trajectory takes into account the increase in high-value-added activities and new industries as well as the direct effects of increased automation and digitisation in the manufacturing sector,” he said.

He added that through NIMP 2030, the median wage for the manufacturing sector is expected to increase to RM4,510 in 2030 from RM1,976 in 2021.

Source: Bernama

MITI: Political commitment key for Malaysia to switch to high value-added manufacturing

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