Tag Archives: Investments
Malaysia-India-CECA-5 March 2010
India’s economy with her growing middle class of 250 million is expected to grow at no less than 8% annually over the next decade. This spells opportunities for Malaysian businesses especially in ICT, healthcare, infrastructure, food products and services. We continue to maintain good bilateral relations and have a proven track record of operating in India. We encourage more businesses to take advantage of this!
During my recent official trip, 18 MoUs were signed between Malaysian and Indian companies. The potential value of investments is estimated at RM1.6 billion. This signals the first steps toward collaboration in key areas which include biotech engineering, petrochemical engineering and aerospace engineering.
However, signing on the dotted line is only the start and initiatives must be seen through. Here is where MITI becomes the watchdog and will monitor the progress of these MoUs.
Toward this end, MITI has started a...
I met a number of top Thai and Malaysian business leaders in my recent trip to Bangkok in the effort to promote greater collaboration as well as to encourage Thai business leaders to invest in Malaysia. Presently, it is noted that there are many Malaysian companies investing in Thailand. Thai investments in Malaysia is limited. This investment imbalance needs to be addressed.
It is encouraging to note that the Thai business leaders have shown high interest in investing in Malaysia. We will receive at least three trade delegations from Thailand within the next three months and expect to see the size of Thailand’s investment in Malaysia to increase accordingly. A delegation of over 120 Thai businessmen will be visiting Malaysia on 28-30 March 2010.
A Malaysia-Thai Business Opportunities Seminar will be held on 29 March 2010 at Renaissance Hotel where MITI, MIDA and MATRADE officials will be briefing the Thai business leaders on investment opportunities in Malaysia.
A... Read More
H.E. Kiat Sittheeamorn, President of the Thailand Trade Representative (TTR) led a 130-member delegation for a visit to Malaysia from 28-29 March 2010. Aimed to further strengthen the bilateral economic relations between the two countries, the visit also sought to explore potential business opportunities for both countries.
The visit reinforces the commitments made by leaders of both Malaysia and Thailand when Y.A.B. Dato’ Sri Mohd Najib Tun Razak visited his Thailand counterpart, H.E. Abhisit Vejjajiva last year to bring existing bilateral relation to a higher level. A series of activities were held in conjunction with the visit, including a Seminar on Malaysia -Thailand Trade and Investment Cooperation, bilateral meetings with Minister of International Trade and Industry, Minister of Plantation Industries and Commodities, as well as the signing of a Memorandum of Understanding between British Dispensary (L.P.) Co. Ltd. and CCM Co. Ltd. Malaysia.
During the bilateral... Read More
The 6th Invest Malaysia 2010 Conference co-hosted by MIDA and Bursa Malaysia was held on 30 and 31 March 2010 at the Shangri-La Hotel, Kuala Lumpur. Organised annually and this time, with MIDA’s participation, the event provided a more comprehensive coverage of Malaysia’s investment environment with the inclusion of the manufacturing and services sectors.
With the theme “Powering Global Excellence”, Invest Malaysia 2010 provided the latest updates in Government policies that benefit businesses and investors, including:
the implementation of the Government Transformation Programme;
how Malaysia plans to attract private investments towards achieving the goal of a high income economy; and
growth areas for further development such as the services sector, aerospace and renewable energy.
The highlight of the event was the keynote address by YAB Dato’ Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia who announced the first part of the New Economic Model... Read More
The other company, S.E.H (Shah Alam) Sdn. Bhd., a Japanese company with local participation, manufactures silicon polished wafers – one of the only four major producers of the product in the world. Since its inception in 1973, the company has invested RM2.8 billion in this business.
Going down to the ground to get first-hand feedback is imperative in the formulation of policies and creation of conducive environment for industries to expand. The issue of natural gas supply, foreign labour policy and shortage of talents in the middle management level were some of the concerns highlighted during my visit. It is my priority now to review the current policies pertaining to investment to ensure Malaysia remains on investors’ radar.
I led a delegation to Malaysian Steel Works (KL) Berhad, MASTEEL, in Bukit Raja, Klang on 14 April 2010. Also in the delegation to the steel plant was the Secretary General of MITI, Y.Bhg.Tan Sri Abdul Rahman Mamat. On hand to receive us at the factory, was the Managing Director cum Chief Executive officer of MASTEEL, Y.Bhg. Dato’ Seri Tai Hean Leng.
The company which produces billets and steel bars at an annual capacity of 450,000mt, exports its products to ASEAN, Bangladesh and Australia. Currently occupying 20 acres out of 200 acres of land acquired from Perbadanan Kemajuan Negeri Selangor (PKNS), MASTEEL is planning to diversify its production and invest RM300 million in wire rod and wire mesh manufacturing.
While exchanging views on the outlook of the iron and steel industry, I was delighted to note that the conducive domestic business environment has encouraged the company to expand its operations domestically.
Well done, MASTEEL !
Tags: business... Read More
“ The average shopper now has a choice previously not available to them; today you will find several products many of which have a comfortable spot in most Malaysian supermarkets. This degree of choice is commonplace and to some extent expected for most: in one grocery run, you can pick up cheeses from Australia as well as sayur bayam from a local producer and get the best value for money. With this in mind, free trade agreements (FTAs) often do not receive the attention that they deserve .”
What are the views of the Secretary General of MITI on this ?? Read More
The 2010 World Competitiveness Yearbook by the International Institute for Management Development, IMD , ranked Malaysia as one of the top 10 most competitive countries in the world !
Check these figures out…
For the first time Malaysia has been ranked in the top ten most competitive countries in the world. Malaysia’s strengthened position rests largely on significant improvements in Government and Business Efficiency ratings :
Government Efficiency : 10 ranks up to the 9 th , from the 19th
Business Efficiency : 9 places up to the 4 th , from the 13 th
Among middle-income countries, with GDP per capita under US$20k, Malaysia ranks second only to Taiwan . The top ten includes Singapore, Hong Kong, the United States, Switzerland, Australia, Sweden, Canada and Norway.
In terms of Economic Performance , Malaysia received particularly strong ratings around:
Low long-term unemployment (ranked 4 th ),
Strong exports as a percentage of GDP... Read More
“Kudos to all of you for rightfully choosing Malaysia as your preferred investment destination!”
Having said that, we would like to highlight a few key points on why Malaysia remains an ideal destination for Foreign Direct Investment(FDI).
Among the things that have helped put Malaysia on the international investors radar includes:
- World-class physical infrastructure
- Strong base of highly educated English-speaking workers
- Conducive business and policy environment – the “Soft Infrastructure”
- Strong legal system that safeguards business transactions while promoting corporate governance
- Setting up of a high-powered public-private sector taskforce, PEMUDAH, to address bureaucracy in business-government dealings
- Rapid advancement in Information Technology
- Adoption of global best practices in business
After all the hard work, it is heartening to note that Malaysia has made it to thetop 10 most competitive nations list in a recent report by the acclaimed... Read More
MITI through its agency, MIDA, has successfully drawn potential investments worth more than RM 10 billion in Q1 of 2010.
MIDA’s investment missions have succeeded in procuring and negotiating for investments from countries across continents and new investments are currently in the process of negotiation. Major areas of interest are in the:
MIDA and US and China-based solar specialist companies negotiate for potential investments valued at an estimated RM 5 billion.
Manufacturing & Engineering Support (MES) Industry
Potential investments are targeted for the oil well completion equipments and umbillicals (diversification projects).
Interest to invest in projects on MRO composite repair, MRO for aircraft components, seats for aerospace industry and aircraft machine parts.
The strong interest is attributed to MIDA’s:
- new strategies for investment projects
- on-going Specific Project Missions (SPM) overseas
- current corporatisation...