National Level
This section deep-dives on the national-level priorities which intends to cascade the target outcomes for each of the National Investment Aspirations (NIA) pillars into specific national-level initiatives across each Strategic Thrust. These are overarching initiatives which addresses pertinent challenges which are relevant across all sectors.
National Investment Aspirations
as critical anchor for the New Investment Policy
National-Level
Target Outcomes
defined for each NIA to track outcomes
Strategic thrusts
aligned to delivery of NIA
National-level initiatives
that addresses challenges to NIA
Varying Importance and relevance by sector
Sector-Level
Investment Opportunities
alligned to delivery of NIA and right-to-win
Strategic thrusts
to address sector-specific challenges
Sector-specific initiatives
that addresses challenges to NIA
Strategic Thrusts
Based on the six strategic thrusts, 22 national-level initiatives will drive Malaysia towards achieving the investment aspirations.
Unified Investment Strategy to drive laser focused delivery on NIA & ESG
- 01Harmonised investment strategy and policies, aligned to NIA
- 02In-Depth sectoral roadmaps to Guide industry transition towards national sustainability Targets
- 03Clear standards and strengthened regulations for ESG disclosures
Agile and forward-looking Incentive packages that Meets needs of investors
- 04Tiered and pre-approved incentives, with greater focus beyond focus beyond fiscal and financial incentives
- 05Incentive review process overseen by NCI to ensure outcomes align to NIA targets
IPA Landscape with clear roles and responsibilities for simplified investor journey
- 06Harmonised & Streamlined KPI’s Across IPA Landscape
- 07Centralised national coordinating Body for promotion & marketing
- 08Empowered sub-national IPAs As lead touchpoint for deal Negotiations
- 09Empowered PACU to accelerate Investment implementation
- 10Empowered sub-national IPAs as lead touchpoint for Investor aftercare
Accelerated innovation ecosystem to nurture high Quality investments
- 11Enhanced coordination and Communication of R&D ambitions
- 12World class IP Protection and services
- 13Enhances innovation ecosystem to accelerate commercialisation of R&D
- 14Accelerated Adoption of digital Tech by MSMEs and MTCs
Vibrant talent pool that meets needs of labour market
- 15National strategic workforce planning to future-proof local Talents
- 16Strengthened industry participation across all education pathways
- 17Fast and hassle-free access to high skilled foreign talents
Streamlined business environment for improved ease of doing business
- 18Streamlined digitalised & tiered customs process
- 19Expanded National Regulatory Sandbox to modernise regulations
- 20De-regulation drive for improved ease of doing business
- 21Enhanced industry utilisation of FTAs
- 22Accelerated digital infrastructure roll-out
Learn more about the Initiatives across each Strategic Thrust
A
Unified investment strategy to drive laser-focused delivery on NIA and ESG
- Initiatives
- Action
- Target Benefit
- Establish NIA as guiding framework for all investment decisions
- Refresh the Promotion of Investments Act (PIA) to better align with national investment agenda
- Establish a unified view on value of investments that is regularly aligned across key stakeholders
- Sharpened clarity across government on national priorities needed to accelerate fundamental reforms to unlock investments
- Enhanced clarity on direction of policies, providing greater certainty to investors on their business plans
- Increased sustainability of long-term investment strategies, ensuring outcomes consistently deliver target national benefits
- Develop sector-level sustainability roadmaps with policies to holistically support ecosystem transition
- Develop mechanisms to strengthen accountability amongst industry players and government
- Coordinate market forces to support ecosystem transition
- Increased resilience and competitiveness of local ecosystem by strengthening industry response towards sustainability trends
- Enhanced clarity on milestones and goals for companies to accelerate pace of sustainability transition
- Strengthened accountability measures to drive sustainable public-private efforts towards national sustainability goals
- Strengthen ESG disclosure requirements for companies
- Set clear transition plan for phased adoption of new ESG disclosure requirements
- Clearer actions to support industry adoption of ESG standards, enhancing global competitiveness amidst rising ESG awareness
- Increased transparency and measurability of national progress towards ESG targets to inform future policy decisions
B
Agile and forward-looking incentive packages that meets needs of investors
- Initiatives
- Action
- Target Benefit
- Expand incentive package offerings beyond fiscal and financial incentives
- Establish tiered incentive system
- Establish dual incentive application pathway to accommodate conventional and strategic investors
- Increased access to broader set of incentives better aligned to investor priorities and relevant over time
- Accelerated incentive approval process with enhanced clarity on incentive proposal outcomes
- Increased targeting of Malaysia's resources to drive investors towards delivering target national outcomes
- Dedicated channels for strategic investors with senior country leaders and broader set of governmental support mechanisms
- Formalise feedback channels between investors and National Committee on Investments (NCI)
- Revise incentive monitoring to better align incentives in delivering on national targets
- Establish a dedicated audit unit to ensure accountability of incentive governance process
- Establish regular incentive review to regularly assess incentive ecosystem
- Revise mechanisms to enforce compliance to incentive commitments
- Clear feedback channels between investors and policymakers to ensure incentives remain competitive over time
- Streamlined incentive governance process to ensure resources are best targeted towards delivering national outcomes
C
IPA Landscape with clear roles and responsibilities for simplified investor journey
- Initiatives
- Action
- Target Benefit
- Re-design KPIs to encourage collaboration amongst IPAs
- Establish a robust mechanism to monitor and refresh IPA KPIs agenda
- Strengthened drive for IPAs to collaborate on investment projects and in unlocking greater synergistic value creation
- Sharpened focus of IPA efforts in consistently delivering NIA over time
- Enhanced clarity on overall IPA ecosystem performance, with dedicated mechanisms to enhance existing IPA operations
- Establish internal mechanism for MIDA to lead and coordinate promotion and marketing efforts
- Strengthen sector expertise across MIDA promotional teams
- Sharpened clarity amongst investors on Malaysia's value proposition
- Enhanced investor engagement strategies and capabilities through specialised topic expertise
- Improved IPA productivity through clearer demarcation of responsibilities
- Update and clearly demarcate deal negotiation mandates across IPAs
- Streamlined investor journey through structured handovers of deal negotiation phases, with clear touchpoints for engagements
- Enhanced clarity on incentives available, which are tailored to investors
- Establish clear channels of assignment for investment implementation support
- Scale-up PACU nation-wide
- Adopt active usage of implementation tracking and monitoring system (ITMS)
- Enhanced end-to-end project support with clear handovers between deal negotiation and implementation to accelerate business start-up
- Improved transparency and predictability of implementation progress
- Strengthened access to PACU services nationwide
- Establish dedicated account managers for investors
- Establish regular surveys to assess overall investor experience
- Improved aftercare experience through dedicated channels for government support, which are continually upgraded over time
D
Accelerated innovation ecosystem to nurture high quality investments
- Initiatives
- Action
- Target Benefit
- Establish topic-centric model to enhance coordination across R&D funding bodies and Facilitators
- Coordinated government-wide communications of R&D&C&I priorities
- Enhanced R&D prowess through improved coordination and consolidation of cross-ecosystem resources
- Sharpened clarity across public stakeholders on R&D priorities
- Improved clarity to investors on Malaysia's direction in innovation policy
- Strengthen Malaysia’s IP protection regime to ensure fair competition
- Digitalise key patent application functions to accelerate application process
- Expand IP office service offering to support IP exploitation
- Improved value proposition amongst investors to localise innovations, with potential to spillover into adjacent industries
- Accelerated access to broader set of IP-related services and processes
- Increased capacity to regularly review IP policies, ensuring they remain relevant across time and proactive to meet global trends
- Scale up support to topic-specific ecosystem through MRANTI and iConnect collaboration
- Launch academia-industry partnership programmes
- Introduce targeted and time-bound incentives on R&D investments
- Improved scale of R&D efforts through consolidation of strategic priorities between MRANTI and iConnect
- Strengthened relevancy and commercialisation opportunities for research, with clearer pathways to industry applications
- Enhance online resources to support decision making
- Enhance existing tech adoption programmes to deliver best-fit digital solutions
- Improved adoption of digital capabilities amongst MSMEs and MTCs, with dedicated access to support channels
- Digital ready workforce, with greater job security and supply of relevant skills to industry
E
Vibrant talent pool that meets needs of labour market
- Initiatives
- Action
- Target Benefit
- Establish data-driven national strategic workforce planning tool:
- Leverage workforce planning tool to foster cross-ministerial collaboration:
- Improved certainty on availability of industry-ready talent across future time horizons
- Enhanced productivity of public resources, focused to accelerate talent development only for key industry needs
- Increased governmental capacity to drive large-scale talent development projects through sharpened clarity on national priorities
- Strengthen MITI role to bridge connection between industry and ministries involved in talent development
- Formalised and proactive engagement to tap anchor companies to enhance talent programs
- Improved relevancy of talent output from academic institutions
- Lowered prevalence of underemployment amongst the rakyat
- Embed Critical Occupation List (COL) into EP assessment process
- National single window to allow seamless applications for EP applications
- Introduce green lane for EP holder to attract high-skilled foreign talent
- Increased access to high-skilled foreign talent with fast lanes for industries with critical occupations
- Enhanced and tiered employment pass process to accelerate and improve the talent acquisition experience for companies
F
Streamlined business environment for improved ease of doing business
- Initiatives
- Action
- Target Benefit
- Digitalise Customs process by upgrading Malaysia’s National Single Window (NSW)
- Integrate more stakeholders into the NSW
- Introduce green lanes for customs process, based on company risk assessment
- Streamlined digital customs processes to enable faster approvals and processing of large volumes of applications
- Increased incentive for companies to pursue compliance to receive accelerated customs access through green lanes
- Enhanced productivity of talents as manual and non-value adding tasks are digitalized and automated in NSW
- Scale up the National Regulatory Sandbox (NRS) scope
- Position NRS as launchpad for both local and foreign investors
- Roll out necessary revamps and reforms on outdated policies and processes
- Catalysed growth of disruptive and innovative technologies as the country pursues proactive regulatory streamlining process
- Increased certainty for investors to co-create businesses locally, offering economic and social opportunities for the rakyat
- Appoint PEMUDAH ambassadors and relevant ministry/agency Regulatory Controller
- Incorporate NPGRP in regulatory review processes to enable pre and ex-post regulatory impact analysis
- Establish monitoring of regulatory plans to drive accountability
- Improved certainty for investors on policy direction as policies are thoroughly assessed and co-developed with industry
- Increased accountability of implementation as formalised channels are established between investors and policymakers
- Launch a national trade advocacy campaign
- Action on feedback collated from businesses throughout the advocacy campaigns
- Enhanced self sufficiency and national trade position as companies expand export capacities
- Strengthened growth and competitiveness of local champions as exports demand increased standards across outputs
- Improved inclusivity of network coverage across urban and rural areas
- Strengthened opportunities to pursue high value-added activities leveraging 5G technology