
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