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EP Manufacturing Bhd (EPMB) has partnered with Sanly China and Jujin China in two strategic joint ventures to localise the production of key automotive components for the Proton Saga MC3.

In a statement, the automotive solutions provider said these partnerships reinforced its commitment to strengthening Malaysia’s automotive manufacturing capabilities while ensuring cost efficiency and superior quality for original equipment manufacturers (OEMs).

EPMB, through its subsidiary PEPS-JV (M) Sdn Bhd, has formed a joint venture with Sanly China to manufacture key automotive components for the Proton Saga MC3 locally.

The partnership integrates Sanly China’s metalworking technology with EPMB’s Batang Kali operations, strengthening the supply chain and supporting MITI and MIDA’s efforts to boost local manufacturing.

‘This joint venture with Sanly China represents a strategic leap forward for EPMB. By combining Sanly’s advanced metalworking expertise with our local manufacturing capabilities, we are setting new standards of excellence in automotive component supply. This partnership is a testament to our commitment to innovation, quality, and strategic growth,” executive director Aidan Hamidon said.

Additionally, EPMB has partnered with Jujin China to localise car seat production for Proton. This joint venture builds on years of collaboration, driven by trust, mutual respect, and a shared commitment to innovation.

This strategic alliance reinforces EPMB’s position as a key automotive solutions provider in the industry.

The partnership combines Jujin’s seat design expertise with EPMB’s local manufacturing, improving efficiency, cutting costs, and boosting profitability.

“Discussions are ongoing to expand the collaboration to other Proton models and potentially Geely vehicles, further enhancing EPMB’s market reach,” EPMB said.

Source: The Star

EPMB forms joint ventures with Sanly and Jujin to localise Proton components

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Malaysia and France have agreed to boost cooperation in the fields of defence, economy and energy, in addition to trade, investment, tourism and also artificial intelligence, Prime Minister Datuk Seri Anwar Ibrahim said.

The matter was brought up during a telephone conversation today with French President Emmanuel Macron, during which they also discussed developments stemming from their meeting during the G20 Summit in Rio De Janeiro, Brazil on Nov 19.

“I also expressed my gratitude to Macron for the support given to the rebuilding of Gaza, which has suffered greatly at the hands of the cruel Zionist regime.

“We have also agreed to seek a solution with regards to Myanmar to bring peace to the country using appropriate diplomatic approaches,” he posted on Facebook today.

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Anwar also stated the government’s willingness to receive Marcon and his delegation to Malaysia this May in an effort to boost bilateral ties between both countries.

Source: Bernama

Malaysia, France to boost cooperation in AI, defence

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Malaysia’s ASEAN Chairmanship in 2025 has the potential to boost the country’s capacity as an investment, tourism, and trade destination, says Prime Minister Datuk Seri Anwar Ibrahim.

In this regard, he said several strategic sectors, including semiconductors, artificial intelligence (AI), data centres, as well as the strengthening of new energy, agriculture, and food technology, would be prioritised in efforts to enhance the country’s economic growth.

Speaking at a press conference after the MADANI Government Retreat here, Anwar, who is also the Finance Minister, expressed satisfaction with Malaysia’s ASEAN Chairmanship preparations and the strong commitment of all parties to ensure its success.

He also revealed that during last week’s meeting, several proposals were presented to ensure the government could deliver its best while enhancing the country’s image on the global stage.

Anwar said that as a trading nation, Malaysia must seize the opportunity of the ASEAN Chairmanship to further strengthen trade efforts, as this ASEAN Summit would be the first to involve the Gulf Cooperation Council (GCC) and China.

Anwar said Malaysia was also committed to holding the ASEAN-United States (US) Special Summit as part of efforts to expand the country’s trade scope.

“But what is special is that at every ASEAN summit, there will be large-scale exhibitions and conferences organised not only by the government but also in collaboration with media companies and major global corporations from Saudi Arabia, China, the US, and, of course, ASEAN,“ he said.

Anwar said South African President Cyril Ramaphosa, who will be making a working visit to Malaysia soon, had also expressed Africa’s support for Malaysia’s ASEAN Chairmanship in Kuala Lumpur.

Under the theme ‘Inclusivity and Sustainability’, Malaysia will host over 300 ASEAN-related meetings, programmes, and summits throughout the year.

Malaysia previously chaired ASEAN in 1977, 1997, 2005, and 2015.

Source: Bernama

Malaysia’s 2025 ASEAN Chairmanship to boost investment, tourism, and trade – Anwar

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Legenda Beringin Holding Sdn Bhd and Chery Corporate Malaysia Sdn Bhd signed an agreement to develop the Chery Smart Auto Industrial Park at Beringin High Tech Auto (Beringin HTA) Valley, Hulu Selangor on Sunday.

Selangor Menteri Besar Datuk Seri Amirudin Shari said the industrial park, targeted for completion in 2026, anchors the first phase of development of the 324-hectare (800-acre) Beringin HTA Valley ecosystem, bringing world-class automotive manufacturing and cutting-edge technologies to Hulu Selangor.

He said the Chery Smart Auto Industrial Park will be developed with an investment of RM2.2 billion over five years.

It is among the crucial investments to advance the industrial ecosystem, and to strengthen Selangor’s competitiveness, and to position the state as a major regional investment hub.

“The progress we celebrate today is a testament to what can be achieved through strong partnerships and relationships. The investment by Chery Malaysia in Hulu Selangor and the development by Legenda Beringin, highlight this.

“I commend Invest Selangor initiatives in driving foreign investments, and working with Legenda Beringin and Chery Malaysia to bring the Beringin HTA Valley and Chery Smart Auto Industrial Park to fruition,” he said.

Amirudin’s speech was read by state investment, trade, and mobility committee chairman Ng Sze Han at Chery Smart Auto Industrial Park’s signing and groundbreaking ceremony at Setia Alam Convention Centre here on Sunday.

Raja Muda Selangor Tengku Amir Shah graced the event.

Legenda Beringin chairman Chia Song Kooi and Chery International president Zhang Guibing were signatories to the agreement, witnessed by Tengku Amir Shah and Chery Automobile Co, Ltd chairman Yin Tongyue.

Meanwhile, Zhang said the 81-hectare (200-acre) Chery Smart Auto Industrial Park is projected to have an initial production capacity of 100,000 vehicles per annum, scalable to 300,000 vehicles per annum, from internal combustion engine (ICE) models to the latest plug-in hybrid (PHEV), battery electric (BEV), and energy-efficient vehicle (EEV) technologies.

“We are confident that once completed, it will create high-value job opportunities, house a cutting-edge R&D (research and development) centre, expand vehicle exports to neighbouring countries, strengthen Selangor’s role through a robust supply chain, and solidify Malaysia’s position as a leading automotive hub in Asean,” he said.

Source: Bernama

Chery to build Smart Auto Industrial Park in Hulu Selangor

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Rapid economic recovery and resilience, as well as the people’s capabilities to help the country progress, have become attractive factors for foreign investors to come to Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

He said foreign leaders and companies are observing how Malaysia has managed to record strong economic growth and high investment inflows, while other countries are struggling to recover after the COVID-19 pandemic.

“I believe we have the capabilities. Malaysia is extraordinary. Where in the world can a society with diverse ethnicities and religions live in peace?

“There are countries that have faltered a little, weakened by various scandals. Then came COVID-19. But we are now bouncing back with good growth, high investments, and becoming data centre and semiconductor hubs,“ he said at an event Alamanda Berwajah Baharu celebrating the completion of the mall’s upgrade here today.

Anwar also said Malaysia’s ability to attract foreign investors lies in the people’s capabilities to advance and elevate the country.

“Why (do investments come)? Because they see the capabilities of the people.

“So we give our appreciation to your youths, management, traders and cleaners,“ he said.

Malaysia also expects more foreign leaders, including the Chinese and South African presidents to visit.

Malaysian food recipes

“During Ramadan, (the foreign leaders’ visits) will be postponed but will resume after April,“ he said.

Source: Bernama

Economic recovery, people’s capabilities among factors attracting foreign investors – PM Anwar

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Investments in these segments require patience, often taking between 5 and 10 years to yield returns

The country has the potential to expand its role in advanced packaging and semiconductor manufacturing, backed by its infrastructure and skilled workforce.

As geopolitical shifts and supply chain diversification drive semiconductor companies to explore new locations, Malaysia is positioning to capture a greater share of the market. However, investments in these technologies require patience, often taking between five and 10 years to yield returns, according to a sector report on technology released by RHB Investment Bank Bhd on Feb 18.

The report highlighted a recent event organised by the investment bank, featuring industry veteran and EQUVO Consulting Partners CEO Melvin Low. Low holds multiple board and advisory positions with companies in Singapore, Malaysia, Taiwan, Korea, and the US.

It noted that Malaysia is home to companies such as Dagang NeXchange Bhd, which took control of SilTerra Malaysia Sdn Bhd, and the global foundry group X-FAB, which provides specialty technologies and design intellectual property to enable its customers to develop semiconductor products.

“This expertise is complemented by strong proficiency in English and bilingual capabilities in Chinese, facilitating communication in global operations.

“Additionally, Malaysia’s growing role in advanced packaging is further reinforced by the diversification of supply chains amid the US-China trade war, positioning the country as an increasingly attractive destination for semiconductor investment and high-tech manufacturing,” the report added.

“Successfully establishing and growing semiconductor fabs requires several key resources and government support mechanisms. First, a strong base of engineering talent is crucial to sustain advanced manufacturing to achieve good yield and research and development (R&D) efforts.

“Government policies, such as subsidies and taxes, further enhance investment appeal by lowering operational costs. Third, reliable and competitively priced utilities, such as electricity and water, are necessary to support high-energy-consuming fabrication processes,” it added.

The report said Malaysia has emerged as an attractive destination for the semiconductor industry, especially the back-end process, benefitting from a skilled workforce in semiconductor packaging, electronics manufacturing services and some wafer fabrication.

Making the case for Malaysia, the report noted that the country plays a critical role in the global semiconductor supply chain, particularly in the outsourced semiconductor assembly and testing (OSAT) segment.

It is home to leading OSAT players such as Inari Amertron Bhd, Malaysian Pacific Industries Bhd (MPI), Unisem (M) Bhd and Globetronics Technolog y Bhd — which provide essential back-end services — including packaging, testing and assembly for major global semiconductor companies.

Additionally, Malaysia’s strategic location in South-East Asia and its well-developed free trade zones (FTZs) facilitates the seamless import and export of semiconductor components and finished products.

With strong government support, including tax incentives and grants under initiatives such as the New Industrial Master Plan (NIMP 2030) and the National Semiconductor Strategy (NSS), the country continues to attract new semiconductor investments.

The report said one of Malaysia’s key strengths lies in its cost competitiveness. Competitive wages for operators and technicians, along with low costs for power and water, make it an economically viable hub for semiconductor manufacturing.

Furthermore, the country’s well-developed logistics infrastructure — including road, rail, air and sea freight networks — ensures efficient supply chain management and global connectivity.

Malaysia’s appeal extends beyond its industrial capabilities. It offers a high quality of life, with affordable and excellent living conditions that attract expatriates. International schools, a comfortable environment for families and proximity to Singapore further enhance its liveability and strategic positioning. This connectivity with Singapore, a global semiconductor hub, provides additional opportunities for collaboration and talent mobility.

Moreover, the nation has the potential to attract experienced semiconductor professionals currently working in key markets such as Singapore, Taiwan, China, and the US. By leveraging its diaspora of skilled talent, Malaysia can further strengthen its talent pool and industry capabilities, positioning itself as a leading player in the global semiconductor landscape. These factors make the country a promising and well-rounded choice for semiconductor investment and growth.

Source: The Malaysian Reserve

Malaysia to expand advanced packaging, chip manufacturing

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Sarawak targets to significantly raise power generation capacity to 15 gigawats (GW) in 10 years to expand the state’s electricity exports to more Asean member countries.

According to Sarawak Premier Tan Sri Abang Johari Tun Openg, Sarawak is expected to produce 10GW of power by 2030 and increase it by another 50% to 15GW by 2035.

“The installed capacity of Sarawak is currently 5GW. So, what are we going to do with the balance?

“We will sell them to our neighbouring countries,” he said at Affin Bank Bhd’s Lunar New Year dinner here last week.

State-owned Sarawak Energy Bhd (SEB) currently has available electricity capacity of about 5,745 megawatt (MW) across Sarawak. The bulk of the generation capacity comes from renewable energy from hydroelectric dams – Bakun (2,400MW), Murum (944MW) and Batang Ai (108MW).

The Baleh dam project, currently under construction and scheduled for completion by 2028, would add another 1,285MW to SEB’s generation capacity.

The state’s biggest power consumers include energy-intensive industries such as aluminium and ferroalloy smelting plants in Bintulu’s Samalaju Industrial Park.

Abang Johari had said that SEB would work to achieve generating 10GW of power through a mix of hydroelectric, solar and gas by 2030.

SEB’s first 50MW solar floating farm, spanning 190ha on Batang Ai dam, also Malaysia’s largest, was commissioned months ago.

The utility continues to explore the feasibility of a second phase of the solar project at Batang Ai dam, with a potential capacity of up to 160MW.

To meet the keen interest shown by investors in Middle East and Europe on renewable and green energy projects, the Sarawak government has identified the Bakun and Murum dams, both in the upper Rejang basin in Kapit Division, central Sarawak, for the deployment of floating solar systems.

The solar system projects in Bakun and Murum have the potential to generate 500MW and 600MW, respectively.

In November 2024, SEB, Abu Dhabi Future Energy Bhd (PSJC) and global clean energy firm Gentari inked a trilateral joint study agreement to explore the feasibility of undertaking a floating solar project on Murum dam.

The parties are conducting a year-long joint study on the proposed project, targeting solar power generation of up to 1GW.

If implemented, Abang Johari said this mega project would help Sarawak to achieve its goal of producing 10GW of power by 2030.

Last year, the Sarawak premier revealed that 19 ambassadors from the European Union (EU) were considering establishing the European Investment Bank to fund the development of renewable and green energy projects in Sarawak.

With a potential investment of €1bil, he said Sarawak could receive RM6bil to build more hydroelectric dams, supported by the EU’s commitment to sustainable development. Based on studies in the 1980s, Sarawak has the potential to produce up to 20,000MW of hydroelectric power if more dams are built.

SEB continues to study the concept of cascading dams to generate electricity, similar to those in Sweden.

On exports of electricity, Abang Johari said last week that Sarawak will add southern Philippines to SEB’s export markets following a recent request by Prime Minister Datuk Seri Anwar Ibrahim to sell electricity to the archipelago.

Sarawak will be exporting electricity to neighbouring Sabah by next year and from Sabah, any excess power will be transmitted to the southern Philippines.

Abang Johari said Sarawak will have excess electricity to be exported to Sabah and Brunei once the 500MW combined gas cycle gas turbine power plant in Miri, currently under construction, is ready in two years’ time.

Another three gas plants with a combined generation capacity of 1,500MW will also be built in Bintulu.

He said Sabah has requested SEB to sell 100MW to its utility body initially, doubling the initial 50MW agreed earlier.

SEB, which has been exporting electricity to Pontianak in West Kalimantan, Indonesia, since 2016, also have plans to sell 1,000MW of renewable energy to Singapore via an undersea electricity transmission system to advance the Asean Power Grid.

“We are still in discussions on the construction method for the undersea cable. I anticipate that these discussions will be concluded within the first quarter of this year, followed by the potential signing of an agreement between Malaysia and Singapore,” Abang Johari said this month.

Source: The Star

Sarawak aims to become regional power supplier

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The Ministry of Investment, Trade, and Industry (MITI) has received approval from the National Investment Council (NIC) to extend the current moratorium for the Malaysian iron and steel sector, which is set to end in August 2025.

MITI said the extension covers the upstream sector of long steel products and that a review of the moratorium period will be carried out once existing domestic players reach nearly 80% capacity utilisation.

“MITI will also extend the moratorium on the upstream sector of flat steel products and limit large capacity expansions. This approach aims, among other things, to address the mismatch between capacity and domestic usage, improve industry practices towards the adoption of emissions compliance technologies, and enhance sector governance to boost competitiveness and the production of high-value-added steel products,” it said in a statement.

Additionally, MITI recognises the need for strong governance and industry coordination to support the transformation of the industry.

“Therefore, the NIC has agreed to restructure the Malaysia Steel Institute (MSI) and the Malaysian Steel Council (MSC) to strengthen and prioritise their current functions. This restructuring will enhance regulatory enforcement, ensure coordination between key agencies and promote fair competition.

“It will also improve capacity management by increasing transparency and enhancing the competitiveness and economy of the sector. The strengthened institutions will also play an important role in driving the decarbonisation pathway for the steel sector as a whole,” it said.

The NIC also agreed with MITI’s proposal for the government to accelerate the implementation and restructuring of carbon tax and carbon pricing mechanisms for emission-intensive industries, with the steel sector leading the compliance efforts for other sectors.

“MITI will also develop a decarbonisation roadmap, which includes the implementation of regulations to measure, report, and verify (MRV) greenhouse gas (GHG) emissions levels for all steel players in Malaysia, as a foundational building block for carbon pricing and other carbon mechanisms,” it said.

Source: Bernama

Moratorium on iron and steel sector to be extended

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Mutiara Perlis, the owner-developer of Perlis Sanglang Port (PSP), has entered into a strategic partnership with Bina Darulaman Bhd (BDB) following the signing of a Memorandum of Understanding (MoU) to develop various maritime facilities in Sanglang, Perlis.

The MoU was signed by BDB Group executive director Raja Shahreen Raja Othman and Mutiara Perlis Group managing director and CEO Wan Ahmad Zaheed Wan Mohamad.

The ceremony, held at MIDA Sentral in Kuala Lumpur, was witnessed by Perlis Menteri Besar Mohd Shukri Ramli, Deputy Investment, Trade and Industry Minister Liew Chin Tong, and BDB chairman Che Had Dhali.

In a joint statement, the companies said that the MoU focused on the development of three key facilities at Perlis Sanglang Port (PSP): Langkawi Supply Base for Ro-Ro vessels, Langkasuka Supply Base for oil and gas (O&G) field services in the region and Bulk Cargo Terminal for dry and liquid goods.

“These facilities are set to improve regional trade by enhancing logistics efficiency while supporting the growth of industrial zones in Kedah and Perlis, including Perlis Chuping Valley Industrial Area, Kedah Rubber City, and Kedah Science and Technology Park,” the statement read.

Strategically located on the Sanglang coastline and sheltered by Langkawi Island, PSP is poised to connect Langkawi with year-round operational capability without the need for dredging.

“This will further bolster Langkawi’s reputation as Malaysia’s premier tourism destination and a regional host for international events, such as the Langkawi International Maritime and Aerospace Exhibition (LIMA). The Bulk Cargo Terminal will play a vital role in the handling and distribution of dry and liquid goods, supporting industries such as mineral-based exports while improving the operational efficiency of both the Langkawi Supply Base for Ro-Ro vessels and the Langkasuka Supply Base for oil and gas field services in the region.”

The companies said that this integrated approach would streamline logistics for bulk commodities across several key maritime facilities.

They said that the shared facility would be promoted as a potential base for Langkasuka and Andaman oil and gas field services, as well as an operational hub for Malaysian security agencies with maritime assets.

Source: NST

Mutiara Perlis and BDB form partnership to develop maritime facilities

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Perlis is actively developing the Perlis Inland Port (PIP) and other maritime facilities to attract investors to the state, while aiming to benefit from the economic spillover of strong investment inflows into Penang’s electrical and electronics (E&E) sector.

The Malaysian Investment Development Authority’s (Mida) chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the agency consistently engages with investors to promote Perlis.

“We are attracting established investors in Malaysia to expand through Perlis.

“They can leverage its logistical advantages to export across Asia, with the existing land transport network, which can reach China and Central European regions such as Kazakhstan, and Türkiye,” he said at a press conference on Thursday, held in conjunction with the Mida Invest Series — Perlis: Uncovering The Hidden Gem.

Sikh Shamsul also witnessed the exchange of a memorandum of understanding (MOU) between Mutiara Perlis Sdn Bhd and Bina Darulaman Bhd (KL:BDB), as well as the exchange of a memorandum of collaboration (MOC) between Mutiara Perlis Sdn Bhd and MAERSK Logistics and Services Malaysia Sdn Bhd.

Meanwhile, Perlis Menteri Besar Mohd Shukri Ramli said the positive economic spillover from the MOU and the MOC exchanges during this year’s Mida Invest Perlis Series is expected to generate RM800 million in economic gains for Perlis.

He added that Perlis is poised for significant industrial expansion, supported by key initiatives such as the Chuping Valley Industrial Area (CVIA) and the PIP, in Chuping.

“We expect the presence of around 20 to 30 investors to complete the overall development of CVIA, particularly in the solar energy development sector, data centres and agriculture,” he said.

Deputy Minister of Investment, Trade and Industry Liew Chin Tong highlighted Perlis’ potential to drive economic growth, as Malaysia gears towards a second economic takeoff.

“Perlis stands a great chance of benefitting from the economic spillover from neighbouring Kedah and Penang. I see positive developments in these projects, and we hope they will become new engines of growth for Perlis once completed.

“As we move forward, guided by the New Industrial Master Plan 2030, National Energy Transition Roadmap and the Green Investment Strategy, it is crucial for us to build on this momentum, and leverage Perlis’ strengths to drive growth and development across Malaysia,” he said.

The MOU signed by Mutiara Perlis, the owner-developer of Perlis Sanglang Port (PSP), together with Bina Darulaman, marks a significant step towards a strategic partnership for the development of various maritime facilities in Sanglang.

It focuses on constructing three key facilities at PSP, namely the Langkawi Supply Base for roll-on roll-off vessels, the Langkasuka Supply Base for oil and gas field services in the region, as well as the Bulk Cargo Terminal for dry and liquid goods.

These facilities will enhance regional trade by improving logistics efficiency, while supporting the growth of industrial zones in Kedah and Perlis, including CVIA, Kedah Rubber City, and Kedah Science and Technology Park.

Meanwhile, the MOC between Mutiara Perlis and MAERSK aims to enhance logistics efficiency, infrastructure development, and international trade connectivity, reinforcing Perlis’ position as a logistics hub in the region.

Source: Bernama

Perlis eyes growth via inland port, riding Penang’s E&E wave — MIDA CEO

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Johor is looking to attract investments from Asean nations to mitigate the impact of global uncertainties, says Invest Johor chief executive officer Natazha Harris (pic).

He noted that Asean remains relatively stable, making it an attractive region for investments, particularly in the Johor-Singapore Special Economic Zone (JS-SEZ).

When asked about the retaliatory trade tariffs between the United States and China, Natazha said there has been no direct impact so far and even if any consequences were to arise, they will likely be felt next year.

He also revealed that Invest Johor is in the process of corporatisation by next month, which will allow the new government-linked company, Invest Johor Sdn Bhd, greater flexibility and autonomy in securing investments for the state.

“We hope this will help cut bureaucracy. We will actively promote the whole of Johor as an investment destination,” he said in an interview after attending the inaugural Johor-Indonesia Economic Business Forum 2025 here.

Currently, various agencies, such as the Iskandar Development Authority, Iskandar Investment Bhd and Johor Corporation, focus on targeted investment promotion.

Natazha said Invest Johor will also play its role in attracting investments into the JS-SEZ, targeting 50 to 100 high-growth projects over the next five to 10 years.

“Each of these multi-national companies will be investing a minimum of about RM200mil in the zone,” he said, adding that digital economy is one of the targeted sectors.

Currently, Johor hosts around 20 operational data centres, with an additional 40 in the pipeline, said Natazha.

Johor’s strategic advantages, he said, lie in advanced manufacturing, digital economy, logistics and warehousing as well as health tourism.

“Our food processing sector, especially in halal certification, is also strong as it is recognised in over 100 countries worldwide,” said Natazha.

Johor is also eager to expand cross-border trade with Indonesia, he added.

Meanwhile, Indonesian Consul General in Johor Baru, Sigit Suryantoro Widiyanto, highlighted the potential for stronger trade ties as Johor’s exports to Indonesia accounted for only 6.99% or RM29bil of Malaysia’s total RM418bil exports to the republic last year.

Similarly, Johor’s imports from Indonesia stood at 4.81% or RM18bil out of Malaysia’s total RM380bil imports, he said, hoping to see Johor’s trade figures with Indonesia reach at least 10% by next year.

Tourism is another area for expansion, Sigit added, noting that 1.36 million Indonesians visited Johor last year.

“We expect the figure to increase, especially with Visit Johor Year approaching next year,” he said, adding that Johor remains a popular medical tourism destination for Indonesians.

Source: The Star

Johor sets eyes on Asean investors

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JOHOR is set to solidify its status as a top investment destination, with Menteri Besar Datuk Onn Hafiz Ghazi expressing confidence that the state would be among the top three in drawing foreign direct investment (FDI).

Onn Hafiz said the FDIs would soon to be announced by the Malaysian Investment Development Authority (Mida) and the Investment, Trade and Industry Ministry.

He is confident that Johor would be highly ranked, based on investor interest in the JohorSingapore Special Economic Zone (JS-SEZ), which covers nine flagship areas in the state.

During a recent business forum attended by over 300 participants,

including 200 potential investors from Singapore, France, Germany and Malaysia, Onn Hafiz said the growing momentum of interest in the JSSEZ was outstanding.

The forum, organised by the Singapore Business Federation and United Overseas Bank, was an information dissemination session that marked a milestone following the signing of the JSSEZ agreement.

“This forum reaffirms international

investors’ confidence in Johor as a competitive investment hub.

“The strategic investments discussed will not only create high-quality job opportunities but also drive infrastructure development and boost the state’s economy.”

Johor’s push for economic expansion is reinforced by key initiatives, including the establishment of the Invest Malaysia Facilitation Centre-Johor to

streamline cross-border investments and the Johor Talent Development Council to cultivate a highly skilled workforce.

“JS-SEZ is no longer just a vision, it is taking shape and delivering results.

“With strong investor backing and close collaboration among all stakeholders, Johor is on track to becoming a regional economic powerhouse,” Onn Hafiz said on Facebook yesterday.

Source: NST

Johor closer to becoming top FDI destination

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Johor is set to solidify its status as a top investment destination, with Menteri Besar Datuk Onn Hafiz Ghazi expressing confidence that the state will rank among the top three in Foreign Direct Investment (FDI) inflows.

Onn Hafiz said the FDIs will soon to be announce by the Malaysian Investment Development Authority (MIDA) and the Investment, Trade and Industry Ministry (MITI).

He is confident that Johor will be ranked among the top, based on investors interested in the Johor- Singapore Special Economy Zone, introduced in nine flagships across the state.

During a recent high-profile business forum attended by over 300 participants, including 200 potential investors from Singapore, France, Germany, and Malaysia, Onn Hafiz said the growing momentum of the JS-SEZ was outstanding.

The forum organised by the Singapore Business Federation (SBF) and United Overseas Bank (UOB), was an information dissemination session that marked a significant milestone following the JS-SEZ agreement signing.

“This forum reaffirms international investors’ confidence in Johor as a competitive investment hub. The strategic investments discussed will not only create high-quality job opportunities but also drive infrastructure development and boost the state’s economy,” he said.

Johor’s push for economic expansion is reinforced by key initiatives, including the establishment of the Invest Malaysia Facilitation Centre-Johor (IMFC-J) to streamline cross-border investments and the Johor Talent Development Council (JTDC) to cultivate a highly skilled workforce.

“JS-SEZ is no longer just a vision, it is taking shape and delivering results.

“With strong investor backing and close collaboration among all stakeholders, Johor is firmly on track to becoming a regional economic powerhouse,” Onn Hafiz said today on his Facebook.

He added with the accelerating investments and robust policies, Johor is poised to become a major driver of Southeast Asia’s economic growth, unlocking vast opportunities for progress and prosperity.

Source: NST

Johor eyes top 3 spot in FDI as JS-SEZ gains investor confidence

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The Ministry of Investment, Trade and Industry (MITI) will hold an engagement session with Proton Holdings Bhd and Zhejiang Geely Holding Group Co Ltd (Geely) to discuss supply chain-related issues.

Its Minister, Tengku Datuk Seri Zafrul Abdul Aziz said the ministry will review the matter, particularly concerning the electric vehicle assembly hub in Tanjung Malim, Perak.

“The planning appears to be long-term, with significant costs to be borne by Proton and Geely.

“At the same time, we will ensure that jobs in engineering, installation, maintenance, and management during the first phase of this factory involve local vendors and Malaysians, especially those with a keen interest in the automotive industry,” he said during the winding-up session of the Royal Address debate for the ministry in the Dewan Rakyat today.

Tengku Zafrul noted that the supply chain issue had previously been discussed with Proton, particularly regarding the challenges faced by local vendors competing with Chinese companies.

“(We have discussed) bringing factories from China directly to Malaysia. However, this would put pressure on our local manufacturers and vendors, as they may struggle to compete with Chinese firms in terms of economic scale and expertise.

“Therefore, the special incentives provided must ensure that the supply chain originates from within our country. Otherwise, these incentives cannot be granted,” he said.

On Tesla’s investment in Malaysia, Tengku Zafrul said the company’s decision to establish a factory in the country is still under discussion.

“Several Southeast Asia countries are also courting Tesla. Currently, Tesla operates only one factory in Asia, located in China. Tesla has yet to decide on investing in Malaysia, but I believe the company will proceed only if the investment is commercially viable and promises positive returns,” he added.

Source: NST

MITI to engage with Proton, Geely on supply chain issues

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Perlis is poised for significant industrial expansion, supported by key initiatives such as the Chuping Valley Industrial Area (CVIA) and the Perlis Inland Port (PIP).

Deputy Investment, Trade and Industry Minister Liew Chin Tong highlighted Perlis’s potential to achieve economic growth as Malaysia gears towards a second takeoff.

As one of the northern region states in Peninsular Malaysia, Liew said Perlis holds immense border trade and business potentials.

“Perlis also stands a great chance of benefiting from the economic spillover from neighbouring Kedah and Penang states. I see positive developments in the implementation of these projects and we hope that they will become new engines of growth for Perlis once completed.

“As we move forward, guided by the New Industrial Master Plan 2030, National Energy Transition Roadmap and the Green Investment Strategy, I believe it is crucial for us to build on this momentum and leverage Perlis’s strengths to drive growth and development across Malaysia,” he said in a statement in conjunction with the Malaysian Investment Development Authority (MIDA), Invest Series.

Echoing this sentiment, MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised MIDA’s support in driving investment into Perlis.

“We are stepping into 2025 with a clear and ambitious agenda. Perlis is moving forward with a clear strategy—leveraging its location, business-friendly policies, and growing infrastructure to attract industries that want to expand and innovate.

“At MIDA, we always strive to do our best to facilitate investment across Malaysia, and Perlis is no exception. Our dedication is reflected in action,” he said.

Perlis took center stage today as a promising investment destination during the MIDA Invest Series.

MIDA, the Perlis state government, and the Northern Corridor Implementation Authority (NCIA) jointly hosted the landmark event at MIDA Sentral, drawing 200 attendees from both local and foreign investors, as well as industry players.

A key highlight of the event was the exchange of a memorandum of understanding between Mutiara Perlis Sdn Bhd and Bina Darulaman Bhd, as well as the exchange of memorandum of collaboration between Mutiara Perlis Sdn Bhd and MAERSK Logistics & Services Malaysia Sdn Bhd.

These strategic collaborations aim to enhance logistics efficiency, infrastructure development, and international trade connectivity, reinforcing Perlis’s position as a logistics hub in the region.

Source: NST

Perlis set for major industrial growth – MITI

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Perlis is poised to experience significant economic growth this year as new investment opportunities continue to emerge across key sectors, said Menteri Besar Mohd Shukri Ramli.

He said the state government has outlined ambitious plans to attract both domestic and international investors, capitalising on Perlis’s strategic location and business-friendly policies.

“A memorandum of understanding (MoU) and a memorandum of cooperation (MoC) were signed, paving the way for projects that are expected to generate employment and stimulate local businesses,” he said in a press conference held in conjunction with Malaysian Investment Development Authority (Mida) Invest Series Perlis here today.

The MoU was between Mutiara Perlis Sdn Bhd and Bina Darulaman Bhd, and the MoC between Mutiara Perlis Sdn Bhd and Maersk Logistics & Services Malaysia Sdn Bhd to enhance logistics efficiency, develop infrastructure and strengthen international trade relations.

Shukri said Perlis anticipates securing RM800 million in spillover benefits through the signing of the MoU and the MoC which were part of the Mida Invest Perlis series this year. “The agreements, facilitated through collaborations with Mida, mark a critical step in positioning the state as a hub for industrial and tourism development.”

He noted that investment growth in Perlis is being driven by Chuping Valley Industrial Area (CVIA) and Perlis Inland Port (PIP), key projects designed to enhance the state’s economic appeal. He added that with infrastructure improvements and policy incentives in place, Perlis is positioning itself as an attractive destination for high-value investments.

“The state aims to enhance its role as a northern economic hub, leveraging its connectivity with neighbouring regions to boost trade and industrial development,” the Menteri Besar said.

He added that the state government is focusing on three major industries – automotive, green energy and agriculture – to spearhead economic expansion.

“CVIA aims to attract 20 to 30 investors this year, targeting industries such as solar energy, data centres, and agriculture-based production,” Shukri said.

Despite the state’s small size, it holds immense potential, particularly through its connectivity with Penang, which can be leveraged to accelerate economic growth, he added.

“We are focusing on the development of the CVIA, covering more than 2,900 hectares of land. The potential of this area has attracted significant investor interest, particularly in solar energy development, data centers, agriculture, and other key sectors.”

Shukri said the new industrial zone will maximise its potential by leveraging the benefits of PIP.

“With strong infrastructure connectivity and planned developments in the coming years, and as part of the Indonesia-Malaysia-Thailand Growth Triangle, I am confident that both projects will serve as ideal hubs for investors to explore opportunities and establish new businesses in Perlis.”

Also present was the Investment, Trade, and Industry Deputy Minister Liew Chin Tong, who reaffirmed the federal government’s commitment to developing Perlis as a key investment hub in the northern region of Peninsular Malaysia.

“As one of the northern region states in Peninsular Malaysia, Perlis holds immense border trade and business potentials. Perlis also stands a great chance of benefitting from the economic spillover from neighbouring Kedah and Penang states,” he said.

Source: The Sun

Perlis positions itself to attract significant investment inflows

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The Ministry of Investment, Trade, and Industry (MITI) aims to establish a minimum of 3,000 smart factories by 2030 as part of Malaysia’s industrial transformation under the New Industrial Master Plan 2030 (NIMP 2030).

Deputy secretary-general (Industry) Datuk Hanafi Sakri said the initiative is not just about embracing digital transformation, it is about creating high-skilled jobs, enhancing industrial resilience and positioning Malaysia as a leader in advanced manufacturing.

“So far, nearly 500 companies have benefited under the Intervention Fund managed by the Malaysian Investment Development Authority (MIDA).

“We hope to achieve a minimum target of 2,500 more by 2030,” he told reporters after officiating the MIDF 2025 Roadshow today, themed “Embracing Global Competitiveness: Future Ready and Halal Businesses.”

The NIMP 2030 is Malaysia’s national strategy to drive Industry 4.0 adoption among manufacturing and manufacturing-related services companies by helping businesses transition into smart manufacturing through automation, digitalisation, and advanced technologies like Artificial Intelligence, Internet of Things and robotics.

During the launch of the roadshow, the Malaysian Industrial Development Finance Bhd (MIDF) introduced two key initiatives, namely the Future Ready Financing (FRF) and Halal Accreditation Technology Improvement (HATI) programmes.

The FRF helps SMEs adopt Industry 4.0 technologies and automation for enhanced competitiveness, while HATI supports SMEs in upgrading technology to meet halal certification standards.

Hanafi lauded this support from MIDF, highlighting the substantial amount of funds needed to achieve the smart manufacturing target set under NIMP 2030.

“The smart manufacturing initiative requires significant financing, as establishing 3,000 smart factories — with an estimated RM5 million per company — amounts to a total requirement of RM15 billion.

“Given the substantial amount, which the government cannot afford to provide through grants or soft loans alone, participation from commercial banks is crucial to supporting the aspirations of NIMP 2030,” he said, adding that the halal industry also requires financial support to grow.

He also noted that participation from financial institutions like MBSB Bhd is also crucial in meeting the financing needs of the industry.

Earlier in his keynote speech, Hana lauded the FRF and HATI as pivotal in empowering SMEs to integrate new technologies, enabling them to compete effectively on the global stage.

“I firmly believe that through strong collaboration between the government, industry players, and SMEs, we can drive Malaysia’s industrial transformation forward, ensuring our businesses remain relevant, competitive, and future-ready,” he added.

Source: Bernama

Malaysia sets minimum target of 3,000 smart factories by 2030 – MITI

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Approved foreign investments (FI) in various economic sectors totalled RM254.7 billion between January and September 2024, according to the Investment, Trade and Industry Ministry (Miti).

This involved 4,753 projects which are expected to generate 159,347 new job opportunities, the ministry said.

“This overall performance is 10.7% higher versus RM230.2 billion in the same period in 2023,” it said.

According to Miti, the services sector recorded the highest amount at RM160.7 billion, contributing more than half of the total approved investment amount, or 63.1% with 3,909 projects.

Investments in the manufacturing sector totalled RM88.8 billion (34.9%) with 800 projects, while the primary sector had RM5.2 billion (2%), involving 44 projects, Miti said.

“These projects are expected to create 100,914 job opportunities in the services sector, 58,017 in the manufacturing sector, and 416 in the primary sector,” according to Miti in a written response in the Dewan Rakyat on Wednesday in response to Muhammad Ismi Mat Taib (PN-Parit) who asked for 2024 total approved investments and foreign direct investments (FDIs) statistics.

Miti also clarified that there is a difference in FDI as used by the Statistics Department (DOSM) and FI used by Miti and the Malaysian Industrial Development Authority (Mida).

“DOSM’s FDI refers to investments in the context of inflow and outflow of foreign capital, focussing on financial transactions conducted by foreign companies.

“Meanwhile, the term FI by Miti/Mida refers to proposed private investment projects put forward by investors across various sectors of the national economy, including the primary, manufacturing, and services sectors, with the breakdown of FI and domestic investment (DI) being calculated through the distribution of foreign or domestic equity,” Miti explained.

Comparing total approved investment for FI and DI between January and September 2024, the ministry said FI recorded RM106.7 billion, or 41.9%, while DI contributed RM148 billion, or 58.1%.

Approved investments in various economic sectors for the entire 2024 will be announced during the annual Mida press conference at end-February 2025, Miti said.

It is also optimistic that investment momentum can be maintained based on its performance and the current economic situation.

“The government will also continue to intensify efforts in developing new strategies and initiatives, including introducing investment policy reforms to further enhance investor confidence and strengthen Malaysia’s position as a competitive investment destination globally,” Miti added.

Source: Bernama

MITI says Jan-Sept 2024 approved investments totalled RM254.7 bil

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Malaysia and Bahrain are set to explore new areas of cooperation, including in the semiconductor sector, following the 50th anniversary of their diplomatic ties last year, according to Prime Minister Datuk Seri Anwar Ibrahim.

Anwar highlighted this during a courtesy call on Bahrain’s Crown Prince and Prime Minister Salman Hamad Al Khalifa at the Gudaibiya Palace here today.

“During the meeting, we were able to assess the level of progress of bilateral relations between Malaysia and Bahrain as well as have the opportunity to explore new forms of cooperation.

“This cooperation covers several key result areas, including investment and trade, Islamic finance and banking, semiconductors and connectivity covering the tourism sector,” he said in a statement.

Anwar arrived in Bahrain earlier today for an official visit to the Gulf country at the invitation of the Crown Prince.

During the hour-long meeting, the two leaders also discussed regional developments, with a particular focus on Palestine.

“This matter requires comprehensive cooperation and willpower to ensure that the Muslim brothers there are in good condition and receive the much-needed support,” the Prime Minister said.

As part of Malaysia’s Asean Chairmanship, Anwar also extended an invitation to the Crown Prince to visit Malaysia or attend the upcoming Asean-Gulf Cooperation Council (GCC) Summit and the Asean-GCC+ China Summit.

“May the relationship between Malaysia and Bahrain continue to be strengthened and attract more investments for the sake of the country’s economic progress and potential,” he added.

Tomorrow, Anwar is scheduled to have an audience with the King of Bahrain, Raja Hamad Isa Al Khalifa, at the Sakhir Palace in the southern part of the country.

Anwar, who is also Finance Minister, is scheduled to hold talks with Bahrain’s Finance Minister, Shaikh Salman Khalifa Al Khalifa and visit the Bahrain Economic Development Board to explore economic collaboration.

The prime minister is also scheduled to meet the Malaysian diaspora at a dinner event tonight.

Bahrain, home to 297 Malaysians, including three currently pursuing higher education, boasts one of the world’s highest-valued currencies.

Source: Bernama

Malaysia, Bahrain set to strengthen ties with focus on semiconductors and investment

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UOB Malaysia and Invest Johor have launched a “Green Lane” initiative to accelerate investments into the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration follows a memorandum of understanding (MOU) signed between the two organisations at the 2024 Asean Conference last August.

Under the Green Lane initiative, UOB Malaysia will conduct pre-qualification assessments for its customers seeking super lane approval in Johor, based on criteria set by Invest Johor. This aims to expedite the investment approval process and reduce bureaucratic delays to attract more high-value investments to the JS-SEZ.

“As far as I know, we are still the first and only bank that Invest Johor has signed an MOU with,” UOB Malaysia chief executive officer Ng Wei Wei told reporters at the launch of the initiative on Wednesday.

UOB has also introduced a fast-lane account opening service tailored for Singapore-based customers expanding into the JS-SEZ. It has set up dedicated JS-SEZ desks in both Johor and Singapore to provide financial support, including cross-border banking solutions, account opening, and market entry advisory services, to its customers.

“Beyond that, we also connect them to local government agencies, such as Invest Johor, IRDA (Iskandar Regional Development Authority), and Mida (Malaysian Investment Development Authority), to facilitate them to identify suitable land and to source for local suppliers. These are all the value-adds that we will provide, and we are able to do this because we understand Singapore, we understand Johor,” Ng said.

Gold Peak Technology Group, a Hong Kong-listed battery technology and energy storage solutions company, was announced as UOB’s first client under the Green Lane initiative on Wednesday.

Gold Peak plans to invest about RM670 million in a manufacturing and research and development facility in the JS-SEZ, focusing on next-generation battery technologies for data centre energy storage solutions across Southeast Asia.

Growing investor interest

UOB is currently working with over 20 companies on potential JS-SEZ investments, totalling “billions of ringgit”, according to Ng, who noted “interests from global investors are ‘ramping up’.”

“The over 20 companies we are facilitating into JS-SEZ come from various sectors, including manufacturing, energy and chemicals, digital economy and green economy. Given our broad sector expertise, we are able to provide them with sector-specific solutions,” Ng said.

“I think from our perspective, the JS-SEZ is panning out well. We can see it in the amount of interest coming in. Today, interest is coming not just from Singapore-based companies, but from China, North Asia, Japan, (South) Korea, Europe, and the US.”

UOB has been actively involved in promoting investment in the JS-SEZ since the economic zone’s inception, via collaborations with the Johor state government.

“When the JS-SEZ was announced last January, we connected with the Menteri Besar office. The first thing we did was we brought Menteri Besar and his team to Shenzhen for an event to introduce them to potential investors. Today, three of those companies from Shenzhen have committed an investment amount of S$550 million (about RM1.82 billion),” Ng shared.

Malaysia and Singapore formalised the JS-SEZ with an agreement signed on Jan 7, nearly a year after the initial MOU was inked.

The JS-SEZ, covering over 3,500 sq km across six local authorities in Iskandar Malaysia and Pengerang, offers investors incentives such as a special corporate tax rate of 5% for up to 15 years and a 15% tax rate for 10 years for eligible knowledge workers.

Key focus industries include logistics, financial and business services, tourism, food security, education, healthcare, the digital economy, energy, and manufacturing.

Source: The Edge Malaysia

UOB Malaysia, Invest Johor opens ‘Green Lane’ to fast-track JS-SEZ investments

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The opening of the Invest Malaysia Facilitation Centre Johor (IMFC-J) represents a significant milestone in streamlining investment processes for the Johor-Singapore Special Economic Zone (JS-SEZ).

In a joint statement today, the Malaysian Investment Development Authority (MIDA), Iskandar Regional Development Authority (IRDA) and Invest Johor said the pioneering centre offers investors a comprehensive suite of end-to-end facilitation services designed to simplify and accelerate investment procedures in the region.

The IMFC-J office, located at Menara Delima Satu in Forest City, was inaugurated by the Regent of Johor Tunku Mahkota Ismail yesterday.

“The centre is positioned to attract and facilitate high-impact investments across diverse sectors, from advanced manufacturing to digital technology and sustainable development,” they said.

IMFC-J is jointly led and operated by representatives from MIDA, IRDA and Invest Johor to ensure that investors’ investment needs are taken care of via one platform, reducing bureaucracy without having to deal with various agencies and departments at different locations.

Meanwhile, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the launch of IMFC-J City marked a significant step towards seamless investment facilitation in the JS-SEZ.

He noted that the IMFC and the Project Implementation and Facilitation Office (TRACK) by MIDA have successfully streamlined project implementation.

Over 86.5 per cent of projects approved in 2023 are already operational, while more than 63 per cent of those approved in January-September 2024 have been implemented, he said.

“In short, we are creating an environment where every investment that comes to Malaysia is set up for success,” he said.

MIDA chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid noted that as Malaysia’s principal investment promotion agency, MIDA is committed to prioritising the ease of doing business for investors.

“Through close collaboration with federal and Johor state agencies, we aim to streamline processes, enhance support services, and create an environment that fosters growth and innovation.

“Our collective goal is to firmly position JS-SEZ as one of the premier investment destinations in the region, attracting high-value investments and driving sustainable economic development,” he said.

Meanwhile, Invest Johor CEO Natazha Harris said that as a key partner in IMFC-J, the Johor state investment agency would ensure investors a seamless experience from initial inquiry to full operations.

He said the agency would leverage its deep understanding of Johor’s economy, policies and ecosystem to provide strategic insights, tailored solutions and on-the-ground support to accelerate investors’ journeys.

“We are committed to making Johor the premier investment destination, and through IMFC-J, we are strengthening Johor’s position as a key economic gateway within the JS-SEZ.

“We look forward to welcoming investors and working together to shape Johor’s future as a dynamic and sustainable business hub,” he added.

Source: Bernama

IMFC-J to drive realisation of investments into JS-SEZ – MIDA

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DHL Supply Chain, the global leader in contract logistics, recently celebrated the opening of its Penang Logistics Hub 5, located within the Bayan Lepas Free Industrial Zone.

This modern 22,000 sqm facility has been purpose-built to support a leading multinational technology firm.

DHL Supply Chain invested €30 million (RM139 million) to construct the warehouse, with an additional €12 million allocated to implement advanced robotic automation systems. The facility features cutting-edge automated systems seamlessly integrated into warehouse operations.

This includes the first global deployment of Automated Case-handling Mobile Robot (ACR) and Goods-to-Person Robotics (GTPR) in DHL Supply Chain, along with Automated Storage and Retrieval System (ASRS).

Managing director Mario Lorenz said: “We are proud to be the first within DHL Supply Chain globally to deploy such advanced automation, including the ACR for tote retrieval using the mobile robotics technology. The GTPR system sees mobile robots storing and retrieving bins into a rack storage system. We are also introducing Automated Guided Vehicles (AGVs) to further enhance productivity and efficiency, setting a new benchmark for logistics operations. By combining our expertise with these innovations, we can deliver customised, seamless logistics solutions to our customers. This, in turn, will strengthen business resilience, improve operational efficiency, providing a lasting competitive advantage for our customers.”

The Penang Logistics Hub 5 has been designed in accordance with Malaysia’s recognised green rating system, the Green Building Index, incorporating environmentally sustainable solutions such as rooftop solar panels to meet the renewable energy needs of both the warehouse and office spaces. Additionally, the facility includes rainwater harvesting systems and energy-efficient LED lighting equipped with motion detectors. The use of superflat flooring ensures long-term flexibility for warehouse operations while optimising airspace efficiency.

The launch of Penang Logistics Hub 5 reflects DHL’s commitment to growth, supported by a €131 million investment in Malaysia aimed at increasing capacity and nurturing top talent. This ensures the company is well positioned to support customers’ changing needs and growth objectives.

DHL Supply Chain Malaysia, specialising in semiconductor logistics, offers expert solutions across various sectors including automotive, consumer goods, chemicals, energy, engineering and manufacturing, life sciences and healthcare, retail, and technology.

Source: The Sun

DHL Supply Chain opens Penang Logistics Hub 5

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Singapore’s United Overseas Bank (UOB) has launched a Green Lane initiative with Invest Johor to fast-track investments into the Johor-Singapore Special Economic Zone (JS-SEZ).

The initiative, a result of the Memorandum of Understanding (MoU) signed at the 2024 Asean conference, aimed to streamline the approval process for high-impact investors. Invest Johor serves as Johor’s one-stop centre for investors, promoting and facilitating investments across various industries.

It aims to position Johor as a regional hub for high-tech, knowledge-based, and capital-intensive industries.

UOB will conduct pre-qualification assessments for its clients applying for Johor’s Super Lane approval, significantly reducing processing time.

The bank also introduced a Fast Lane account opening service for Singaporean investors expanding into the JS-SEZ and established dedicated JS-SEZ desks in Johor and Singapore for market entry support.

The Green Lane’s first beneficiary, Hong Kong-listed Gold Peak Technology Group, is set to invest RM670 million (US$150 million) to establish an advanced manufacturing and R&D facility in JS-SEZ.

Gold Peak Technology Group executive director and managing director Michael Lam presented a Letter of Intent (LOI) to Invest Johor chief executive officer (CEO) Natazha Hariss at a business mission event attended by Johor Menteri Besar Datuk Onn Hafiz Ghazi and other key officials.

Lam also expressed confidence in JS-SEZ’s potential as a regional manufacturing hub.

“With UOB and Invest Johor’s support, our new facility will drive innovation in battery technology, reinforcing our commitment to powering a greener tomorrow,” he added.

Onn Hafiz hailed the initiative as a milestone in strengthening cross-border trade and investment, aligning with Johor’s Maju Johor 2030 vision.

“Gold Peak’s investment will bring advanced manufacturing, high-quality jobs, and sustainable economic growth to Johor, solidifying JS-SEZ’s position as a premier investment hub,” he said today.

Gold Peak’s upcoming facility will focus on next-generation battery technologies, playing a crucial role in sustainable energy storage solutions, particularly for data centres in Southeast Asia. The investment is expected to generate 150 to 180 new jobs, fostering local talent and innovation.

UOB Malaysia CEO Ng Wei Wei emphasised the bank’s commitment to driving strategic investments.

“Since our MoU with Invest Johor, we have actively delivered on our commitments, bringing in investments and streamlining approvals.

“The LOI from Gold Peak reflects growing investor confidence in JS-SEZ,” Ng said.

The collaboration between UOB, Invest Johor, and key investors is expected to accelerate the JS-SEZ’s transformation into a leading economic zone, attracting high-value, sustainable investments.

Source: NST

Gold Peak’s RM670mil investment first under JS-SEZ fast-track initiative

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The logistics sector should leverage government incentives, including the income tax exemption for smart logistics complexes, to drive growth and accelerate the adoption of Industry 4.0 technologies, Transport Minister Anthony Loke said.

He noted that such initiatives are designed to promote smarter and more efficient operations in warehousing and logistics.

“By integrating automation, data analytics, and Internet of Things (IoT) technologies, we are not only optimising supply chain performance but also positioning Malaysia as a regional leader in smart logistics innovation,” he said at the launch of Ninja Cold by Ninja Van Malaysia here today.

Furthermore, Loke said that as industries continue to evolve, the logistics sector must adapt to emerging challenges, particularly in critical areas such as pharmaceuticals, food safety, and sustainability.

He noted that Malaysia’s logistics industry holds vast opportunities for growth.

“With increasing digitalisation and the adoption of green technologies, we are on the brink of a new era,” he said.

Commenting on Ninja Cold, Loke said the launch represents a significant milestone in Malaysia’s logistics sector, addressing the growing demand for sustainable, temperature-controlled solutions.

He added that this initiative aligns with Malaysia’s strategic vision for Asean 2025, where the nation is positioning itself as a central logistics hub in Southeast Asia.

“Through innovations like Ninja Cold, Ninja Van Malaysia contributes to enhancing regional connectivity, streamlining supply chains, and fostering cross-border trade within Asean.

“Our ongoing efforts to modernise logistics infrastructure are reflected in Ninja Van Malaysia’s initiatives, which focus on reducing costs, improving efficiency, and prioritising environmental sustainability.

“These shared objectives highlight the synergy between the ministry’s vision for a robust logistics ecosystem and Ninja Van Malaysia’s commitment to innovative solutions,” he said.

To mark its 10th anniversary, Ninja Van Malaysia has launched Ninja Cold, a service aimed at improving the transport of temperature-sensitive items.

Ninja Van Malaysia is the first logistics company in Malaysia to receive ISO 23412 certification, a Japanese standard for cold chain handling.

With the launch of Ninja Cold, it is expanding into the business-to-consumer (B2C) and business-to-business (B2B) cold chain segment, providing end-to-end logistics solutions for industries that require efficient transport of perishable goods.

Ninja Van Malaysia chief executive officer Lin Zheng said the introduction of Ninja Cold is a transformative step in our journey to redefine logistics in Malaysia.

He added that Ninja Cold underscores the company’s dedication to innovation, sustainability, and excellence, setting a benchmark for the future of logistics in Malaysia and beyond.

Meanwhile, Ninja Cold deputy head Zhen Wei Yeow said the company is committed to providing end-to-end solutions that not only ensure operational excellence but also support industries such as food, pharmaceuticals, and retail in maintaining quality and confidence throughout their supply chain.

“Our focus is on delivering reliable and innovative temperature-controlled logistics that meet the specific needs of businesses.

“With real-time tracking, extensive coverage, and cost-efficient practices, Ninja Cold is well- positioned to help businesses adapt to market demands while prioritising sustainability,” he noted.

With the launch of Ninja Cold, Ninja Van Malaysia expands beyond e-commerce into B2B cold chain logistics.

The service integrates temperature-controlled solutions with its logistics network, including warehousing, last-mile delivery, and real-time tracking.

Partnering with brands like Secai Marche, Lee’s Frozen, and Sekinchan Seafood, Ninja Cold supports businesses of all sizes, from small-scale deliveries to large B2B operations.

These collaborations showcase its ability to simplify logistics, expand market reach, and address industry-specific challenges.

Source: NST

Logistics firms must utilise govt incentives for growth – Loke

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Pantech Global Bhd, en route to becoming Bursa Malaysia’s first Main Market listing of the year, plans to accelerate expansion and enhance operational efficiency, fuelled by the RM178.3mil it aims to raise from its initial public offering (IPO) on March 3.

The company, a wholly owned subsidiary of Main Market-listed Pantech Group Holdings Bhd before the listing, manufactures steel pipes and fittings for fluid transmission across industries such as oil and gas, semiconductors and shipbuilding.

While its parent company, Pantech Group, carries over 100,000 stock-keeping units (SKUs), while undertaking large-scale projects in Malaysia and the surrounding region, Pantech Global operates with a more focused product range of under 5,000 SKUs and is more export-oriented.

It primarily supplies original equipment manufacturers (OEMs), project-based clients, distributors, and resellers.

Unlike conventional steel producers focused on upstream processes like iron ore and billet production, Pantech Global operates further downstream, where value addition is significantly higher, group managing director Adrian Tan Ang Ang said.

“When you talk about steel, you start with iron ore and scrap, which are made into billets, then wire rods and other basic steel products. But we go further down, to fittings. That’s why our value-added is more,” he told StarBiz.

Tan noted that while the business has higher conversion costs, Pantech Global’s products fetch higher selling prices.

A check on the Malaysia Steel Institute’s website showed that median steel prices in December 2024 stood at US$105 per tonne for iron ore, US$315 per tonne for scrap iron, US$492 per tonne for billet/slab and US$555 per tonne for steel bars.

In contrast, Tan highlighted that Pantech Global’s carbon steel fittings, which undergo extensive value-added processing, and are sold at US$1,600 per tonne.

This is due to the multiple processes involved, such as sawing, cutting and other treatments, he said.

As a result, Tan, who has been with Pantech Global since 2000 and oversaw its first factory opening, said steel price fluctuations have little impact on the company’s business due to its focus on high-value downstream products.

“Instead, we will look at the market demand,” he added.

Asked about rising costs and trade challenges after US President Donald Trump raised tariffs on steel and aluminum imports to a flat 25% “without exceptions or exemptions”, Adrian remained confident.

“We can always pass on cost increases to customers. If our costs rise, so do our competitors’. For example, with the 25% tariff in the United States, we are still able to sell at competitive prices because the entire market faces the same conditions,” he said.

Pantech Global currently operates two factories – one in Klang, producing carbon steel fittings, and another in Johor manufacturing stainless steel pipes and fittings.

Although the group’s factory utilisation hovers around the high 70s to low 80s, Tan said “on the site, we feel like we are running at full capacity”.

Tan said this is due to the nature of the business, where parts need to be moved between machines, despite equipment running continuously.

Pantech Global seeks to raise RM178.3mil from its IPO, with the bulk of the proceeds allocated for business expansion (RM67.3mil or 37.8%) and capital expenditure (RM64.7mil or 36.3%).

The remainder will go towards working capital (RM22.7mil or 12.7%), repayment of bank borrowings (RM15mil or 8.41%) and estimated listing expenses (RM8.6mil or 4.8%).

Part of the funds will be used to acquire operational facilities, including its Klang factory and Johor land, as part of its long-term expansion strategy.

“This will save us RM3.3mil annually in rental costs,” Tan said.

The company is also investing in automation and efficiency enhancements, such as a new pickling facility in Johor designed to handle 11.8m pipes.

Pantech Global’s pickling process is limited to 6m pipes, requiring double-dipping for longer lengths.

“With the new facility, we can process 11.8m pipes, which fit into a 40-foot container. This reduces labour from 35 to just five workers,” Tan said.

Pickling is a process where carbon is removed from stainless steel pipes using acid treatment after annealing and heat treatment.

The company is also acquiring new machinery, replacing conventional bandsaws with laser-cutting machines.

Source: The Star

Pantech Global fast tracks expansion

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