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MIDA Head Office is located at: 

MIDA Sentral
No.5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Malaysia
Tel: 603 2267 3633
Fax: 603 2274 7970
GPS Code: 3.13297, 101.68396

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Update Date :  26 May 2021
Announcement/Media Release

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Update Date :  9 Apr 2021
Relaxation Of Incentive Conditions For Manufacturing And Services Projects Approved Under The Purview Of MIDA

Kuala Lumpur, 6 April 2021 – The Government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (MIDA). This is part of the proactive measures undertaken by the Government to continue Malaysia’s economic revitalisation efforts by facilitating investments and restoring investors’ confidence.

Under the normal procedure, the approved companies are required to comply with certain conditions and implement their approved projects within a specific period, as stipulated in the Approval Letters issued by MIDA. However, with the implementation of this relaxation mechanism, a company may be considered for certain relaxations on achieving the approved thresholds or meeting the implementation timeline of their approved projects, subject to compliance of identified criteria set by the Government. The relaxation of compliance with stipulated conditions is for the period between 2020 and 2021.

To leverage this facility, companies are required to submit their soonest requests to MIDA with relevant supporting documentation based on the prevailing policy decisions set by the Ministry of International Trade and Industry as well as the Ministry of Finance.

The Government hopes that this measure will further assist in supporting and stimulating the growth of the manufacturing and services sectors in Malaysia given the onset of the COVID-19 pandemic and the enforcement of the Movement Control Order (MCO) which have challenged economic activities and businesses.

Investors are encouraged to submit their appeal applications on relaxation/amendment of incentive conditions to the relevant divisions for specific industries and services in MIDA. For further enquiries directly related to policy matters, please contact the Strategic Planning and Policy Advocacy (Services) Division of MIDA at 03-2267 3633 (ext. 6675) / zuaida@mida.gov.my or the Strategic Planning and Policy Advocacy (Manufacturing) Division of MIDA at 03-2267 3633 (ext. 6786) / masni@mida.gov.my.

*****

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | DL: +603-2267 3509

 

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Update Date :  9 Apr 2021
MIDA Introduces Online Application

MIDA, through its InvestMalaysia Portal has launched an online application submission module on 26th March 2021 (Friday) via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the online application module are as follows:

  1. Manufacturing Licence (e-ML)
  2. Exemption letter from ML
  3. Incentive (e-Incentive)
  4. Expatriate Post & RE/RO
  5. Permit (PDA 2)
  6. R&D/IILS/DIILS Status
  7. Domestic Sales
  8. Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
  9. Enquires/Feedback
  10. Online Technical Support

We are pleased to inform that the next release of online application module in InvestMalaysia Portal will Go-Live on 9th April 2021 (Friday) at 9.00 am. Additional online applications under this release are as follows:

  1. Post Approval for:
    i. Manufacturing Licence
    ii. Incentive
    iii. Status
    iv. Expatriate Post
    v. RE/RO
  2. Post Licensing
  3. Post Incentive

Therefore, kindly be informed that https://investmalaysia.mida.gov.my will be down for system deployment as follows:

From 7th April 2021 (Wednesday) at 8.00 pm to 9th April 2021 (Friday) at 9.00 am.

Thank you.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: investmalaysia@mida.gov.my

 

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Update Date :  2 Apr 2021
Dato’ Azman Mahmud Retires after 32 Years of Service for the Nation; Mr. Arham Abdul Rahman Helms Position as New CEO of MIDA

Kuala Lumpur, 1 April 2021 – The Malaysian Investment Development Authority (MIDA) announced the retirement of its Chief Executive Officer (CEO), Dato’ Azman Mahmud. Mr. Arham Abdul Rahman, former Deputy CEO I of MIDA will step up to the role of the new CEO effective 1 April 2021.

Mr. Arham has an outstanding track record and highly distinguished career spanning over three decades with MIDA. He has served primarily in the foreign investment arm of the organisation, with years of service in Germany and the USA. His experience as a MIDA frontliner for attracting and facilitating foreign investments into the country, gives him the unique proposition to lead MIDA in the new norm.

Dato’ Azman’s retirement concludes his 32 years of service at MIDA. He has held various positions across many divisions within the organisation. He has been instrumental in building Malaysia’s business ecosystems, facilitating industrial development and promoting investments in line with the country’s national investment aspirations. The ultimate objective is to position Malaysia as a preferred investment destination in the region and beyond given our country’s strategic value propositions and potential business opportunities.

During Dato’ Azman’s leadership, MIDA has actively advised on, recommended and implemented policies, strategies and directions for Malaysia’s manufacturing and services sectors. Working together will all levels of stakeholders including governmental counterparts, foreign and local business communities as well as academia and training partners, MIDA has consistently achieved yearly investment targets of RM200 billion between 2014 to 2019.

Furthermore, MIDA has received several accolades in recognition of its contribution to the country’s development. Notably, MIDA’s excellence garnered the Top Investment Promotion Agency award in the Asia-Pacific National category by Site Selection magazine, a US-based international business publication, in 2015, 2016 and 2019.

The COVID-19 pandemic presented unanticipated challenges for MIDA; however, Dato’ Azman at the helm, helped MIDA and the industry stakeholders navigate the uncertainties together with the Ministry of International Trade and Industry. MIDA was instrumental in the evaluation process during the initial Movement Control Order implementation and provided pertinent inputs for the drafting of policies and strategies in the Government’s plan to revive Malaysia’s economy to ensure that the nation’s industries remain sustainable and the livelihoods of people are protected.

Dato’ Azman has also led MIDA to actively re-engineering MIDA’s business processes to keep up with innovative and agile ways of working in this age of digitisation. The increased efficiency of the various functions of the organisation will enhance core business activities and visibility as well as strengthen the strategic planning and policy advocacy capacity.

This was particularly crucial during the pandemic as MIDA remained resilient and responsive in providing advice and support to the existing and potential investors despite the international border closures and restrictions in movement and gathering imposed. In 2020, MIDA successfully held over 500 online engagements with local and foreign stakeholders to update on the latest policy changes due to the pandemic through various online platforms and digital tools to ease investors and sustain confidence in Malaysia during the challenging time.

Moreover, on 23 March 2021, the Business Travellers’ Centre in KLIA was launched as part of the One Stop Centre (OSC) initiative by MIDA to ease the movement of business travellers during the pandemic by expediting the approval of their entry into Malaysia, as Malaysia embarks on the path of revitalisation. This Centre assumes a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth by enabling business travellers’ movement to do their business in Malaysia during the pandemic.

Most recently on 26 March 2021, MIDA’s InvestMalaysia Portal went live to the public. Serving as a single entry point for the stakeholders by offering 10 modules for online application submission, the portal focuses to transform MIDA’s core business functions towards improved efficiency and productivity by embracing an integrated technology system to expedite the application and approval process and further allow companies to speed-up project implementation.

As the organisation prepares itself for a smooth transition for the future, all MIDA Management and staff would like to express their sincere appreciation to Dato’ Azman for his contributions and dedication to the organisation and the country. MIDA will continue Dato’s Azman and his predecessors’ legacies to ensure MIDA remains a world class Investment Promotion Agency to cement Malaysia’s position as the pre-eminent preferred investment destination, under Mr. Arham’s leadership.

*****

About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, Linkedin and Youtube channel.

Media Contact:
Manjit Kaur Balkar Singh (Ms)
DL: +603-2267 3509 | Email: manjit@mida.gov.my

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Update Date :  2 Apr 2021
Industry Career Talk – MIDA in collaboration with SOCSO

MIDA in collaboration with SOCSO wishes to invite you to join the Industry Career Talk , Listen & Act: Paving Your Way To Industry on 31 March 2021 from 10:00 AM to 11:30 AM. This talk is expected to expose students, graduates and job seekers on skills required and the industry itself.

You will listen from Mr. Asran Rozain, Senior Business HR Manager – Technical & Production Division in Nestlé who will share his thoughts towards the topic and would enable the audience to gain knowledge of the industry’s environment which could assist in career progression. This platform will also provide opportunities for the audience in obtaining information on the vacancies available under Nestle. The Talk will be moderated by Puan Azrina Hashim, Senior Deputy Director, Industry Talent Management & Expatriate Division, MIDA

Who should attend?
Graduates, students and job seekers who are looking for opportunities on the overview of industry as well as skills required for a career progression.

The details of the Industry Career Talk are as follows:

Date   :         31 March 2021

Time   :         10.00 a.m. – 11.30 a.m

Platform        :Online Zoom (Registration https://zoom.us/webinar/register/WN_7O494YRLR5GmgurFESNsyA. Link will be provided through your email address after the registration.

Please be informed that this event is FREE and only who are registered via the link   will be allowed to enter. For more information, please contact zuliawati@mida.gov.my and uwais@mida.gov.my

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Update Date :  2 Apr 2021
MIDA Embarks on a Digital Transformation Initiative to Re-Engineer its Business Processes and Functions: MIDA’s InvestMalaysia Portal Goes Live

Kuala Lumpur, 29 March 2021 – The Malaysian Investment Development Authority (MIDA)’s digital transformation initiative or better known as InvestMalaysia Portal, an online application submission portal, is now open to public.

“As Malaysia is adapting to this new normal, MIDA’s role is more crucial than ever to help businesses thrive and create a better future for our country. The launching of InvestMalaysia Portal will help us meet investors’ expectations through optimised process automation and seamless data capturing and analysis,” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI).

“We can expect a more efficient evaluation, an automated approval process and easier information sharing at a single entry point. We will also get live investment updates, real-time visibility of investment projects, undertake more informed decision-making, and real-time reporting. In short, this centralised Data Warehouse will allow us to make faster and more accurate analysis through automated dashboards. This initiative will enable us to enhance KPI monitoring functions in meeting the Client Charter,” added the Senior Minister.

Operational since 26 March 2021, the portal focuses to transform MIDA’s core business functions towards improved efficiency and productivity by embracing an integrated technology system to expedite the application and approval process and further allow companies to speed-up project implementation.

As to date, the digital platform offers 10 modules for online application submission and serves as a single entry point for the stakeholders via investmalaysia.mida.gov.my microsite. Among the modules available include the enhanced Manufacturing Licence (e-ML), Exemption Letter from ML, Enhanced Incentive (e-Incentive), Expatriate Posts and Representative Office/Regional Office (RE/RO), Import Duty/Sales Tax Exemption (JPC) and MIDA Confirmation Letter (SPM) as well as Domestic Sales.

To continuously improve and ensure the systems perform at optimum levels, MIDA has set up a dedicated Customer Service Unit known as CSU. The CSU unit comprises a verification team to receive clients’ applications and a specialised team with the investment-related experience to answer customers’ enquiries related to applications, facilitation and project implementations. The establishment of CSU is anticipated to improve the user confidence in the system and provide a better experience to the companies, internal users as well as external agencies.

The InvestMalaysia Portal is a commendable effort in MIDA’s automation journey to cater to the broad spectrum of audience. Through the implementation of an end-to-end automation application process, MIDA aims to aspire shorter processing time-line, improve client charter commitment for investors and complete the digital transformation goal in supporting the industry’s current and future needs.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | DL: +603-2267 3509

Twitter LinkedIn Facebook WhatsApp

Update Date :  27 Mar 2021
MIDA Introduces Enhanced Online Application

MIDA, through its InvestMalaysia system will be launching an enhanced online application submission module by 26th March 2021 (Friday) at 9.00 am via https://investmalaysia.mida.gov.my.

Applications that can be submitted using the enhanced online application module are as follows:

  1. Enhanced Manufacturing Licence (e-ML)
  2. Exemption letter from ML
  3. Enhanced Incentive (e-Incentive)
  4. Expatriate Post & RE/RO
  5. Permit (PDA 2)
  6. R&D/IILS/DIILS Status
  7. Domestic Sales
  8. Import Duty / Sales Tax Exemption (JPC) & MIDA Confirmation Letter (SPM)
  9. Enquires/Feedback
  10. Online Technical Support

Kindly be informed,

  • The current e-ML (https://eml.mida.gov.my) and e-Incentive (https://eml.mida.gov.my/incentive ) will no longer accept applications effective 25th March 2021 (Thursday).
  • https://investmalaysia.mida.gov.my  will be down from Wednesday, 24th March 2021 6pm to Friday, 26th March 2021 9am.

For further information and clarification, please contact:

Malaysian Investment Development Authority (MIDA)
MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603 2267 3633
Fax: 603 2274 7970
Email: investmalaysia@mida.gov.my

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Update Date :  26 Mar 2021
MIDA Urges Domestic Companies to Adopt Digitalisation and Innovation in Their Business Models to Stay Competitive

Kuala Lumpur, 25 February 2021 – The Malaysian Investment Development Authority (MIDA) organised a virtual Domestic Investment Webinar to urge domestic stakeholders to implement digitalisation values and adopt innovation in their business to remain resilient. The session themed “Innovation and Transition to New Business Models” was supported by the Department of Polytechnic and Community College Education (DPCCE) of the Ministry of Higher Education (MOHE), Malaysia Productivity Cooperation (MPC), SIRIM Berhad and AmBank.

Mr. Ahmad Khairuddin bin Abdul Rahim, Deputy Chief Executive Officer II, MIDA, in his opening address, highlighted that “In order to drive business growth and staying relevant in current norms, business leaders, especially the small and medium-sized enterprises/businesses (SMEs) must be able to think creatively and embrace innovation into their business models. A willingness to innovate should also go along with a solid understanding on how to cultivate the innovation into life. The focus will be on assisting Malaysian businesses to shift from old conventional growth models to build new growth through adoption of the digital system.”

He added, “Malaysia’s Industry4WRD policy is an excellent guide. The incentives of Industry4WRD Readiness Assessment and its subsequent Intervention Fund offered by the Government enable domestic companies to assess their capabilities and readiness to adopt Industry4.0 processes, understand their present capabilities and gaps, as well as prepare feasible plans to move towards effective adoption of Industry 4.0. This represents the first step for companies in Malaysia to align with the rapidly changing technological landscape while developing new growth areas by prioritising operational efficiency and resilience through digital and automation technologies.”

“The Automation Capital Allowance (Automation CA), introduced in the 2015 Budget is also a major initiative to motivate domestic companies to undertake automation and machine upgrading. Another critical enablers are the skilled talent and up skilling programmes to drive and sustain Malaysia’s economic growth. The availability of a skilled workforce will support the transition of all economic sectors towards knowledge-intensive activities. The Smart Automation Grant (SAG) under the RM100 million allocation approved within the National Economic Recovery Plan or PENJANA , is another initiative awarded to eligible Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company. SAG will not only improve Malaysia’s industrial competitiveness and capabilities but also reduce our reliance on low-skilled foreign workers while creating new job opportunities in high value-added sectors.” added Mr. Ahmad Khairuddin.

In his remarks, Mr. Ahmad Khairuddin also highlighted on the ‘Lighthouse Project’ an initiative undertaken by MIDA to enable MNCs and local corporations that have successfully gained from Industry 4.0 transformation to guide and support Malaysia’s local manufacturing industries to also implement the Fourth Industrial Revolution processes in gaining business traction. “As Malaysia aims to reposition among the top Global Manufacturing Nations, MIDA continues to identify and attract foreign and local companies that have successfully adopted the Industry 4.0 key pillars to invest here” he stressed.

The webinar has successfully attracted more than 300 participants, including manufacturers, service providers and other potential investors. The session featured presentations by experts from MIDA, Ambank, DPCCE and SIRIM.

Companies interested in seizing to leverage on the various initiatives offered by MIDA, including Automation Capital Allowance (ACA), Industry4WRD Intervention Fund and Smart Automation Grant (SAG), may refer to the official website, www.mida.gov.my.

*****

About MIDA

MIDA is the Government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become an active and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.

Media contacts:

MIDA

Manjit Kaur Balkar Singh (Ms)

Email: manjit@mida.gov.my | Tel.: +603 2267 3509

Update Date :  25 Mar 2021
Cabot Corporation, Producer of Engineered Elastomer Composites, Expands Investments in Malaysia for New Sustainable Rubber Technology

Kuala Lumpur, 26 February 2021 – Cabot Corporation will continue its strategic investments to expand its manufacturing as well as research and development (R&D) capabilities at its plant in Port Dickson, Negeri Sembilan, Malaysia.

The global speciality chemicals and performance materials company announced the launch of its Engineered Elastomer Composites (E2C™) solutions in 2020 as part of its efforts in raising the bar within the tire and industrial rubber industry. To further expand manufacturing of its E2C solutions, Cabot is increasing its staff strength by more than 30 per cent as well as installing enhanced digital controls and automation systems. The Company is also signing a long-term extension and expansion of its land lease in Port Dickson.

Cabot’s Port Dickson site has led the industry by developing the first industrial scale, continuous liquid mixing process for natural rubber latex. With Cabot’s expanded R&D capabilities, it will continue to lead and advance rubber technology through specific innovations such as new tools for modeling and optimisation of liquid mixing, novel methods for characterising elastomer composites as well as automation of continuous rubber processing.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), welcomed the Company’s commitment and confidence in Malaysia, “This investment by Cabot, a global leader in the development and commercialisation of innovative elastomer composites, is even more recompensing in the backdrop of the current challenges surrounding the pandemic. It is a testament to Malaysia’s resilient business environment and promising returns to investors. MIDA is confident that Cabot will benefit from Malaysia’s solid chemical industry ecosystem, backed by investor-friendly business environment and policies as well as the availability of talented and skilled workers in the country.”

“Cabot has joined other industry players to choose Malaysia as their investment destination, particularly within the speciality chemicals sphere. As partners to investors, MIDA remains committed to drive high quality and knowledge-driven projects into Malaysia, in line with our national investment agenda for long term sustainable growth of the economy,” added Dato’ Azman.

David Reynolds, Vice President and General Manager at Cabot Engineered Elastomer Composites added, “Our plant in Malaysia has been a key asset for us as we have continued to develop and expand our portfolio of elastomer composites solutions. We are excited about the launch of our new E2C line of products and the sustainability benefits that they provide in a variety of customer applications. As such, we are committed to continuing to partner with MIDA to strengthen our investments in Port Dickson and support the growth of this high-performance product line.”

Cabot’s E2C solutions are a new category of performance rubber composites based on a proprietary liquid mixing process for natural rubber latex, including three commercially viable products for off-the road mining tire applications. Tires made with E2C solutions last longer and are more energy efficient, resulting in reduced raw material consumption, fewer end-of-life tires and lower carbon dioxide emissions.

Furthermore, during the rubber compounding process, E2C solutions require fewer mixing stages, shorter cycles and lower temperatures, translating into additional sustainability and economic benefits. As a result, E2C solutions support more sustainable mobility, a key element of Malaysia’s National Automotive Policy, designed to enhance the country’s economic competitiveness while reducing the negative impact on the environment.

Cabot’s E2CTM solution was also named in the European Rubber Journal’s inaugural Top 10 Elastomers for Sustainability List in July 2020. Learn more about the E2CTM solution at cabotcorp.com/e2c.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About Cabot Corporation

Cabot Corporation (NYSE: CBT) is a global speciality chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and speciality carbons, activated carbon, inkjet colorants, master batches and conductive compounds, fumed silica, and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.

Media Contacts:

MIDA
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | DL: +603-2267 3509

Cabot Corporation
Thirunavuc Karasu (Mr)
Email: thirunavuc.karasu.govindan@cabotcorp.com


Update Date :  25 Mar 2021
Malaysia Welcomes the Largest Paperboard Producer in Asia – Nine Dragons Paper to Invest RM5.4 Billion in Malaysia

Kuala Lumpur, 2 March 2021 — YAB Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia, received a courtesy call from Nine Dragons Paper (Holdings) Limited led by its Chairlady, Madam Cheung Yan, at his office in Putrajaya today. The meeting was also attended by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI); YBhg. Dato’ Azman Mahmud, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) and Mr. Zhang Cheng Fei, Deputy CEO of Nine Dragons Paper.

In welcoming the Group’s latest overseas venture into Malaysia, YAB Tan Sri Muhyiddin acknowledged that, “As of December 2020, a total of 572 manufacturing projects with China interest with investments of RM78.61 billion have been approved by MIDA. Nine Dragons Paper (Holdings) Limited and its subsidiaries are among the major paper and paperboard producers in Asia, engaging in the manufacturing of containerboard products, including linerboard, high performance corrugating medium, coated duplex board and carton box.”

“The Company is listed on the Hong Kong Stock Exchange’s main board and currently ranked first in the China Fortune 500 list under the sector of paper, printing and packaging companies. The Group owns facilities in China, Vietnam and the United States with an annual production capacity of more than 18.4 million tonnes and valued at more than 60 billion Renminbi (RMB). The Group also boasts of a total workforce of approximately 19,000 people. We are confident that Nine Dragons Paper being a China Fortune 500 company will be an endorsement for Malaysia as a preferred investment destination.” added YAB Prime Minister.

The Group’s investments in Malaysia consists of two (2) manufacturing facilities, namely ND Paper (Malaysia) Sdn. Bhd. in Bentong, Pahang involving the acquisition of an existing pulp and paper mill with total investment value of RM1.2 billion; and ND Paper Malaysia (Selangor) Sdn. Bhd. in Banting, Selangor with investment value of RM4.2 billion that will focus on test liner, kraft liner, corrugated medium paper, paper and pulp. These projects will create a total of 2,180 job opportunities of which, nearly 90 per cent will be Malaysians. The project in Banting, Selangor is expected to be in operation by 2022.

Both factories will be fully automated and equipped with Industry 4.0 technology such as system integration, Internet of Things (IoT), big data analytic and cloud computing from Europe and China.

Chairlady Cheung Yan remarked, “The investment environment in Malaysia is attractive. The country’s strategic location and infrastructure; established local supply chains that are well-integrated into the global value chain as well as the strength of its skilled talentpool offer an undeniable competitive advantage to our business. Moreover, Malaysia’s business-friendly policies such as its latest initiative of the One Stop Centre (OSC) for Business Travellers managed by MIDA to ease travel for businesses further strengthened our confidence in investing here. I am very grateful to make this investment decision based on these fundamentals. We believe governments and enterprises need to mutually support and collaborate with each other. We are ready to be part of Malaysia’s diverse industry.”

YAB PM reiterated that the Malaysian Government’s policy is always pro-business and very supportive and ready to offer attractive incentives to investors. To ensure Malaysia remains steady on the path of economic recovery and growth, the Government, through MIDA set up the OSC effective 2 October 2020. This initiative eases the movement of Short Term and Long Term Business Travellers by expediting their entry to do business in Malaysia through a dedicated committee represented by Ministry of International Trade and Industry (MITI), MIDA, Ministry of Health (MOH) and Immigration Department of Malaysia (IMI). This committee meets daily to ensure the legitimacy and health status of business travellers before they enter into Malaysia. Decisions are made within three working days for each applicant upon receiving complete information.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About Nine Dragons Paper

Founded in 1995, Nine Dragons Paper has now become one of the leading paper manufacturing groups in the world after more than 20 years’ efforts in business development and efficient management, as well as continuous support from all of its business associates. The Group primarily produce linerboard, high performance corrugating medium and coated duplex board. It also produces printing and writing paper, specialty paper, pulp, high performance corrugated cardboard and high performance carton boxes. Nine Dragons Paper (Holdings) Limited was listed on the Main Board of the Hong Kong Stock Exchange in 2006.

Media Contacts:

MIDA
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | DL: +603-2267 3509

Nine Dragons Paper
Isabel Kow (Ms)
Email: IsabelKow@ndpaper.com | DL: +6012 313 0590

Update Date :  25 Mar 2021
Malaysia Records RM164 Billion of Total Approved Investments In 2020 Amid Global Pandemic

Manufacturing Sector Takes the Lead with an Increase of 10.3 per cent in Approved Investments

Kuala Lumpur, 2 March 2021 – The global economic environment in 2020 was very challenging, as a result of the COVID-19 pandemic, which had its contagion effects on major economies throughout the world. Despite the challenges, the Ministry of International Trade and Industry (MITI) through the Malaysian Investment Development Authority (MIDA) is committed to ensuring that Malaysia continues to be positioned as an investor-friendly location for long term growth of both foreign and domestic businesses.

“Malaysia recorded a total of RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020. These investments are expected to create 114,673 new jobs in various sectors of the economy once implemented,” announced YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of MITI.

In contrast, a total of 5,287 projects with investments of RM211.4 billion were approved in 2019. This decline was weighed by the services and primary sectors which were directly impacted by declines in global demands due to the pandemic and the Movement Control Order (MCO) implementation.

In 2020, domestic direct investments (DDI) accounted for the bulk of the total approved investments with a contribution of 60.9 per cent (RM99.8 billion), while foreign direct investments (FDI) made up the remaining RM64.2 billion (39.1%).

The manufacturing sector led the way for total investments approved in 2020, recording RM91.3 billion, followed by the services sector RM66.7 billion and the primary sector with RM6.0 billion.

The People’s Republic of China (RM18.1 billion), Singapore (RM10.0 billion) and the Netherlands (RM7.0 billion) were the top three (3) FDI sources from overall economic sectors in Malaysia, accounting for more than half (54.8%) of the total approved FDI for the year. Selangor (RM38.7 billion) recorded the highest investments approved last year, followed by Sabah (RM21.0 billion), Sarawak (RM19.6 billion), Wilayah Persekutuan Kuala Lumpur (RM17.1 billion) and Pulau Pinang (RM16.0 billion). These five states alone contributed more than 60 per cent of the total approved investments for 2020.

Manufacturing Takes the Lead

The manufacturing sector has the most significant multiplier effect on the nation’s activities and growth; it will continue to be the mainstay of the economy. This includes forward and backward linkages, the development of cluster industries, the transfer of new technologies, and skills development, to name a few.

Malaysia’s manufacturing sector recorded approved investments of RM91.3 billion for 2020, an increase of 10.3 per cent from 2019. The number of manufacturing projects approved also increased by 6.2 per cent from 988 projects in 2019 to 1,049 projects in 2020.

When implemented, these approved manufacturing projects will create new jobs for more than 80,000 people. Of these, 35.8 per cent are in the managerial, technical and supervisory (MTS) positions, including engineers, plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

FDI accounted for 62 per cent (RM56.6 billion) of total approved investments in the manufacturing sector, while domestic investments constituted the remaining 38 per cent (RM34.7 billion). It is important to note that despite the challenging times, DDI surged by 22.6 per cent while FDI increased by 3.9 per cent compared to 2019.

The People’s Republic of China was the top investor in the manufacturing sector in Malaysia, contributing RM17.8 billion of the total foreign investments approved in the sector. The People’s Republic of China was also the largest source of foreign investments in the manufacturing sector for five consecutive years. Other major sources of FDI include Singapore (RM8.8 billion), the Netherlands (RM6.5 billion), USA (RM3.7 billion), Hong Kong SAR (RM2.9 billion), Switzerland (RM2.8 billion), Thailand (RM1.9 billion), Japan (RM1.7 billion) and Republic of Korea (RM1.4 billion).

Selangor (RM18.4 billion) was the largest recipient of investments in the manufacturing sector for 2020, followed by Sarawak (RM15.7 billion), Pulau Pinang (RM14.1 billion), Sabah (RM12.0 billion) and Johor (RM6.8 billion). These five states constituted 73.4 per cent of total approved investments in the sector last year.

“Against the backdrop of the challenges due to the pandemic, new project investments, accounting for 66.9 per cent of the total manufacturing projects approved, were successfully secured in 2020. This is a testament to MITI and MIDA’s efforts to ensure business continuity and investors’ friendly policies are in place to enable investors to have the confidence to establish new operations in the country,” said YB Dato’ Seri Azmin.

“Our team has also tenaciously worked to ensure projects approved are implemented smoothly. This can be seen through the commendable rate of implementation in approved projects. For the period 2016-2020, a total of 4,178 projects were approved, of which 70.0 per cent with investments worth RM197.2 billion have been implemented in the country,” he added.

Moreover, in line with Malaysia’s move towards sophisticated technology industries, capital intensive projects which involve advanced technology and skilled workforce dominated the manufacturing landscape. This is reflected in the increase of capital investment per employee (CIPE) ratio to RM1,138,055 in 2020 from RM1,052,497 in 2019. Furthermore, a total of 101 projects were approved with investments of RM100 million and above.

In terms of top-performing industries in 2020, the electrical and electronics (RM15.6 billion), petroleum products including petrochemicals (RM15.5 billion), basic metal products (RM14.4 billion), paper, printing and publishing (RM7.8 billion), machinery and equipment (RM7.1 billion), chemicals and chemical products (RM6.3 billion), rubber products (RM4.3 billion) as well as transport technology (RM3.9 billion) contributed nearly 90 per cent of the total approved investments in the manufacturing sector last year.

“It is noteworthy that investments in the three catalytic sub-sectors namely, electrical and electronics, machinery and equipment and chemical, and two high growth areas – aerospace and medical devices outlined within the Eleventh Malaysia Plan (RMK-11) constituted more than one third (38.6%) of the total approved investments on the manufacturing sector with investments valued at RM35.2 billion in 2020. As the year 2020 marked the end of the Eleventh Malaysia Plan, the Government is currently finalising the Twelfth Malaysian Plan. This post-2020 blueprint will set the way forward for Malaysia’s development agenda over the next decade. We are optimistic that it will chart the way to further enhance Malaysia’s industrial competitiveness strategies in essential and key industries for sustainable economic transformation to elevate our manufacturing and the services sectors to the next level of sophistication and complexity in the new normal post COVID-19 and beyond,” remarked YB Dato’ Seri Azmin.

Notable projects that were approved last year consist of multinational corporations in the high-end and high-technology industries that are newly establishing their operations in Malaysia. This includes Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Pulau Pinang; where else Switzerland-based electrical measurement company, LEM will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors. Chinese-owned LSChem Industry will produce a variety of speciality oleochemicals in Tanjung Langsat Industrial Park, Johor Bahru. LSChem Industry’s project is expected to be catalytic to roll out the biodiesel initiatives in Malaysia, which is in line with the Government’s goal to increase the usage of biodiesel. Singapore-owned CytoMed Therapeutics (Malaysia) will also invest in the country to undertake stem cell research and therapy.

Existing MNCs also continue to undertake major reinvestments into high-end products and activities in Malaysia, illustrating Malaysia’s on-going value proposition to investors. Nippon Electric Glass (NEG), a leading Japanese manufacturer of speciality glass that had established their Malaysian operations since 1992 looks to expand their production capacity of glass tubing for pharmaceutical use in the country given the demand for its products following the COVID-19 vaccine roll-out. Additionally, US-based Bruker will be expanding its investments in Pulau Pinang to manufacture high-tech analytical scientific instruments such as optical and stylus profilometers, tribometers, X-ray diffraction tools, X-ray fluorescence instrumentation, optical emissions spectrometers and combustion gas analysers.   Local players such as Amerix Metal Machining Technology have also seized the opportunity to expand and diversify their operation last year, further enhancing Malaysia’s supporting industry network capabilities. The Company’s expansion project looks to adopt a sophisticated high precision manufacturing concept in Computer Integrated Manufacturing (CIM) and process tracking model in customised Enhanced Resource Planning (ERP) system to produce automation electro-mechanical servo reel to reel moulding systems for the back-end semiconductor industry.

Continuous Investments for Services

Update Date :  25 Mar 2021
Malaysia’s Safe Travel Portal For Business Travellers Goes Live

“Welcoming Investors, Keeping You Safe”

Kuala Lumpur, 3 March 2021 – The Malaysian government is very ‘pro-business’ and welcomes the entry of business travellers to carry out business operations amid the pandemic. In this regard, Malaysia’s Safe Travel portal which contains information and advisory services to facilitate business travellers’ entry into Malaysia is fully operational effective 3 March 2021. Both Short and Long Term Business Travellers may apply for entry permission through the dedicated portal at URL: https://safetravel.mida.gov.my. Short Term Business Travellers are required to submit the online application 14 days in advance of planned travel.

The portal is a critical component of the One Stop Centre (OSC) initiative that has been set up by the Malaysian Government effective 2 October 2020 to ease the movement of Business Travellers by expediting their entry to do business in Malaysia. The Centre assumes a vital role in ensuring that Malaysia remains steady on economic recovery and growth; while balancing public health and livelihoods, and strengthen Malaysia’s position as a competitive and preferred investment destination in Asia.

The One Stop Centre is represented by the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), Ministry of Health (MOH) and Immigration Department of Malaysia (IMI) to ensure the legitimacy and health status of business travellers before they enter into Malaysia. This initiative is also a joint collaboration between MIDA, Ministry of Foreign Affairs (Wisma Putra), Malaysia Airports Holdings Berhad (MAHB), Malaysia Airlines Berhad (MAB) and Talent Corporation Malaysia Berhad (TalentCorp).

Short Term Business Travellers

Short Term Business Travellers are business travellers who are not holding any passes, and intend to stay in the country for 14 days or less. They may be considered for exemption from mandatory quarantine subject to the approval of the OSC Committee and adherence to strict Standard Operating Procedures. Short Term Business Travellers are categorised as follows:

  1. Potential investors seeking to do business in Malaysia
  2. Existing investors, namely business owners, board members, executives and associates of companies in Malaysia (without Employment Pass)
  3. Business customers for product qualification and validation before commercial production

Technical experts for ad-hoc emergency cases to serve single or multiple customers across Malaysia

Business Travellers from the above four (4) categories may also apply for Social Visit Pass under Long Term Business Travellers, should they plan to stay for more than 14 days in the country.

Long Term Business Travellers

Long Term Business Travellers are business travellers who hold valid passes and intend to stay in the country for more than 14 days. They will be subject to mandatory quarantine as per the Ministry of Health’s (MOH) guideline, Malaysia. The Long Term Business Travellers are categorised as follows:

  1. New/Existing expatriates stranded abroad, namely active holders of Employment Pass (EP) and Resident Pass-Talent (RP-T).
  2. New/Existing foreign technical experts stranded abroad with Professional Visit Pass (PVP) to serve multiple customers across Malaysia.
  3. Frequent foreign business travellers (Exit & Return), including Regional Establishments (RE), Regional Operations (RO) and Principal Hubs (PH) representatives.
  4. Permanent Resident (PR) Pass Holders.
  5. Malaysia My 2nd Home (MM2H) Social Visit Pass Holders.
  6. Frequent Malaysian business travellers (Exit & Return).
  7. Social Visit Pass Holders.

Business Travellers must obtain relevant visas (if applicable) from the respective Malaysian Embassy or High Commission/ Consulate General Offices abroad before their departure to Malaysia.

For more information, please contact the OSC Secretariat at osccom@mida.gov.my.

OSC Secretariat (Industry Talent Management and Expatriate Division)
Malaysian Investment Development Authority (MIDA)
Level 20, MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Phone: +603-2267 3633/3431

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

Media Contact:
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | DL: +603-2267 3509


Update Date :  25 Mar 2021
MIDA Bridges Malaysian Fintech Start-up and UK Investment Firm

The Malaysian Investment Development Authority (MIDA) through its dedicated unit, the Domestic Investment Coordination Platform (DICP), in facilitating local SMEs to develop further, has enabled a Malaysian financial technology (Fintech) start-up, Neurogine Sdn. Bhd. to seal an acquisition deal with Hadigy Limited, an investment holding company based in the UK.

The signing of the Shareholders’ Agreement would allow Hadigy Limited to acquire a 30 per cent stake or 1.929 million ordinary shares of Neurogine Sdn. Bhd., a Malaysian home-grown fintech start-up specialising in digitalisation of mobile banking, mobile payment and digital asset solutions.

The signing ceremony between Mr. Owen Chen Chee Onn, Chief Executive Officer (CEO) of Neurogine Sdn. Bhd. and Mr. Hari Iyer, Executive Director of Hadigy Limited was held virtually between Kuala Lumpur and London, witnessed by the CEO of MIDA, Dato’ Azman Mahmud at MIDA HQ.

“Among the major challenges for SMEs and start-ups to scale up include limited access to funding. MIDA has taken a proactive approach through DICP in supporting local companies, SMEs and start-ups in addressing the funding gap. The presence of foreign funders such as Hadigy Limited in this space would certainly help in accelerating the adoption of technology and stimulate the growth of fintech services in Malaysia,” said Dato’ Azman Mahmud.

Dato’ Azman Mahmud shared that in the wake of COVID-19 pandemic, the local technology segments of e-commerce, fintech and medical technology would be able to entice foreign equity or venture capital investments. These sectors, which provide remote solutions by minimising and eliminating physical contacts, have emerged stronger, driven by the renewed demands from industry users in observing the SOPs of COVID-19 as recommended by the World Health Organisation (WHO).

MIDA reckons fintech is poised as a growth driver in Malaysia in 2021 and beyond; and the country is ready to take advantage of fintech innovation. The strong support and initiatives by the Government for digital economy, supported by the growing middle class with 90.1 per cent of households having access to the Internet and 98.2 per cent access to mobile phones* are indications of the flourishing digital economy.
(*Source: DSOM report on ICT use and access by individuals and households-2019)

In line with the national investment aspiration to increase economic complexity and build Malaysian conglomerates, the Government, through MIDA and its DICP unit is committed in connecting Malaysian start-ups with international venture capital firms. The unit will further facilitate a sustainable growth path and a vibrant ecosystem for high-profile start-ups to thrive and flourish.


About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, Linkedin and Youtube channel.

Media contact:
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | Tel.: +603 2267 3509

Update Date :  25 Mar 2021
MIDA and UMW Enter Into Strategic Partnership to Support Quality Investments in Malaysia

KUALA LUMPUR, 16 March 2021 – A Memorandum of Understanding (MOU) was inked between the Malaysian Investment Development Authority (MIDA) and UMW Corporation Sdn. Bhd., a wholly-owned subsidiary of the UMW Group, to further drive high-value quality investments into the country.

The two parties will capitalise on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy. These include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development as well as industrial land development. The MOU will be a stepping stone to accelerate innovative and high-value industry stakeholders, including the UMW Group, to seize opportunities arising from the technology revolution in the new norm.

The MOU was signed by Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA and Dato’ Ahmad Fuaad Kenali, President and Group CEO of UMW Holdings Berhad, at MIDA Headquarters today.

Dato’ Azman reiterated, “As a vibrant industrialising and services-oriented nation, Malaysia has geared into the next level of development as our economy becomes more diversified to cater to new growth areas. Malaysia’s investment landscape will likely remain challenging in the backdrop of the pandemic, and this timely collaboration with UMW will facilitate our nation’s industrial ecosystem with the much needed infrastructure and new technologies. MIDA trusts that through UMW’s vast industry expertise and network, our local players and technology providers could benefit in the global supply chain network.”

“This partnership will also boost the Government’s on-going efforts to position Malaysia as the pre-eminent preferred investment destination in the region. Support for businesses includes the competitive tax incentives to spur investment activity under the National Economic Recovery Plan (PENJANA) stimulus package; dedicated Project Acceleration and Coordination Unit (PACU) unit to facilitate towards successful implementation of approved projects; as well as the timely One Stop Centre (OSC) initiative to enable business travellers to travel to and continue their work in Malaysia during this pandemic,” added Dato’ Azman.

Dato’ Ahmad Fuaad Kenali expressed, “The UMW Group is embarking on a transformation journey to strengthen our businesses through innovation and technology as key enablers to meet the challenges of the evolving business environment. We are constantly exploring and evaluating relevant opportunities to expand and grow our businesses to meet the anticipated future demand. The collaboration with MIDA will allow both parties to leverage on each other’s strengths to provide capacity building opportunities to attract high-quality investments into Malaysia.”

He further added that a strong collaboration between government agencies and private sectors is paramount in positioning Malaysia as an attractive investment destinatio

In 2020, Malaysia recorded RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors. These investments are expected to create 114,673 new jobs once implemented. MIDA has also identified high-profile foreign investment projects, including Fortune 500 companies in the manufacturing and services sectors, as negotiations are on-going with companies from various sectors such as automotive, chemical, and advanced electronics to make Malaysia their high-value manufacturing, services and global supply chain hub.

-End-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About UMW

The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in three core business segments – Automotive, Equipment and Manufacturing & Engineering. The Group operates in 8 countries and has over 6,700 employees.

Moving forward, UMW strives to play a leading role in shaping the future of its industries. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.

For media enquiries, please contact:

Manjit Kaur Balkar Singh (Ms)
Phone : +603 2267 3509
Email : manjit@mida.gov.my

S Vikneshwaran (Mr)
Phone : +6019 850 5799
Email : vikneshwaran.s@umw.com.my


Update Date :  25 Mar 2021
Malaysia Introduces a Business Travellers Centre (BTC) at KLIA to Ease Entry of World Business Travellers

“Welcoming Investors, Keeping You Safe”

Kuala Lumpur, 23 March 2021 – Malaysia is welcoming business travellers to Malaysia while keeping everyone safe by introducing a Business Travellers Centre (BTC) at the Kuala Lumpur International Airport (KLIA). The BTC, launched today by the Senior Minister and Minister of International Trade and Industry YB Dato’ Seri Mohamed Azmin Ali, functions to facilitate the entry of foreign business travellers into Malaysia.

Located at Gate C36, Satellite Terminal, KLIA the BTC is now open for short term foreign business travellers planning to carry out their business tasks in the country. The launching of the BTC today also marks a major milestone of the Government’s unwavering mission to revive the economy and to pave the way for economic rebound in 2021.

According to Dato’ Seri Mohamed Azmin Ali, despite the challenges posed by the COVID-19 pandemic, this year will be a promising year for the Malaysian economy as the Government is committed to easing business operations for both local and foreign businesses alike.

“Malaysia has pro-business and pragmatic policies that support the investment climate in the country. Our supportive business ecosystem is in fact a catalyst to attract investors not only to conduct new business activities, but to also expand and diversify their existing operations here. The BTC is reflective of our responsiveness to the current situation and in finding progressive solutions to ensure we can achieve a balance in protecting lives and livelihoods,” said the Senior Minister.

The BTC is one of the key components of the One Stop Centre (OSC) initiative by the Malaysian Government to ease the movement of Business Travellers – from entry to exit point. The Centre assumes a vital role in ensuring that Malaysia remains an attractive investment destination for foreign businesses.

It provides a seamless support system for short term Business Travellers by providing fast-track services such as below:

i. after disembarkation from the plane to taking the RT-PCR swab test at the dedicated COVID-19 Lab within the BTC, which results can be produced within 3 hours;

ii. after having declared healthy, the business travellers will proceed to the immigration green lane; and

iii. the Government will appoint a liaison officer for the business travellers with a specific business itinerary.

Short Term Business Travellers are business travellers who do not hold any dedicated entry passes and intend to stay in the country for 14 days or less, subject to the approval of the OSC committee and a strict set of Standard Operating Procedures.

To date, the OSC Committee has approved 93 applications for Short Term Business Travellers. The Short Term Business Travellers whose applications were approved are from investing companies with total investments valued at RM15 billion.

Moving forward, the Malaysian Investment Development Authority (MIDA) – an agency under Ministry of International Trade and Industry (MITI) – has identified RM82 billion worth of investments in potential leads and another RM65.9 billion in the pipeline. In realising these potential investments, services by the OSC such as the BTC are critical. The BTC is a collaborative effort between MITI, MIDA, Ministry of Health (MOH), Department of Immigration Malaysia, Malaysia Airports Holdings Berhad (MAHB), and Malaysia Airlines Berhad (MAB).

For more information, please contact the OSC Secretariat at osccom@mida.gov.my.

OSC Secretariat (Industry Talent Management and Expatriate Division)
Malaysian Investment Development Authority (MIDA)
Level 20, MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Phone: +603-2267 3633/3431

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

Media Contacts:
Manjit Kaur Balkar Singh (Ms)
Email: manjit@mida.gov.my | DL: +603-2267 3509