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.
A
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
B
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
C
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
D
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
E
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
F
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
1
Harmonised investment strategy and policies, aligned to NIA
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
2
In-depth sectoral roadmaps to guide transition towards national sustainability
targets
- 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
3
Clear standards and strengthened regulation for ESG disclosures
- 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
4
Tiered and pre-approved incentives, with greater focus beyond fiscal and financial
incentives
- 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
5
Incentive review process overseen by NCI to ensure outcomes align to NIA targets
- 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
6
Harmonised and streamlined KPIs across IPA landscape
- 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
7
Centralised national coordinating body for promotion & marketing
- 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
8
Empowered subnational IPAs as lead touchpoints for deal negotiations
- 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
9
Empowered PACU to accelerate investment implementation
- 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
10
Empowered subnational IPAs as lead touchpoints for investor aftercare
- 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
11
Enhanced coordination and communication of R&D ambitions
- 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
12
World class IP protection and services
- 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
13
Enhanced innovation ecosystem to accelerate commercialisation of R&D
- 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
14
Accelerated adoption of digital tech by MSMEs and MTCs
- 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
15
National Strategic Workforce Planning to futureproof local talent
- 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
16
Strengthened industry participation across all education pathways
- 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
17
Fast and hassle-free access to high-skilled foreign talents
- 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
18
Streamlined digitalised and tiered customs process
- 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
19
Expanded National Regulatory Sandbox for modern regulations
- 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
20
Deregulation drive for improved ease of doing business
- 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
21
Enhanced industry utilisation of FTAs
- 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
22
Accelerated digital infrastructure roll-out
Note: Ongoing effort in JENDELA
- Improved inclusivity of network
coverage across urban and rural areas
- Strengthened opportunities to
pursue
high value-added activities leveraging 5G technology