Feb 2020 Issue

This year, Dato' Lokman Hakim Ali, Secretary-General of the Ministry of International Trade and Industry (MITI), together with the Malaysian Investment Development Authority (MIDA), was invited to participate in WBAF 2020. When the force majeure clause is invoked, the common types of relief include the suspension of contractual obligations as well as the exclusion of certain liabilities for non-performance, delay or termination of the contract. Parties directly affected by the outbreak will have to show that the event falls within the scope of the clause, as interpreted under the applicable law of the contract.

The legal consequence of the outbreak of the coronavirus may vary depending on the nature of the contract, the type. Malaysia hosted 30 out of the top 40 French companies listed on the main French index of NYSE Euronext. It is widespread across the industry, and it is driven by a pertinent element such as industry 4.0 and efforts towards digitization of the entire value chain.

NAP was launched on March 22, 2006 to transform the automobile industry as one of the important drivers of our economy. Under the Third Industrial Master Plan (IMP), the NAP is one of the main directions that outlined the key directions and strategies in preparing local automotive players for more. In 2009, the NAP was revised to focus on improving the capacity of the domestic automotive industry. .

The ultimate goal of NAP 2014 was to establish Malaysia as a regional hub for Energy Efficient Vehicles (EEV) by 2020.

MIDA E-NEWSLETTER

The numerous safety awards received, along with recognition from both government agencies and customers, are a testament to Exyte's continued commitment to safety. Thanks to our local expertise, coupled with Exyte's strong German heritage, our projects are carried out safely, on time and with the highest quality.

MIR VALVE

MIR VALVE is today internationally recognized as a top class MALAYSIAN brand for engineered ball valves, and is one of the best exports from Malaysia in terms of technology and quality. MIR VALVE has positioned Malaysia in the valve industry as a country suitable for manufacturers of world-class engineered equipment.

RM100 mil

KEY FACTS

Support The development of this high-impact strategic project in the Northern Corridor Economic Region (NCER) will connect the rubber industry value chain and become a global hub for private sector-led growth. Kedah Rubber City (KRC) is the first dedicated rubber industrial park in Kedah, covering an area of 1,244 hectares (54 million sq ft). KRC is expected to accelerate the development of the Malaysian rubber industry and is positioned as a regional hub for the high-value rubber industry in ASEAN.

KRC is strategically located within the "rubber belt" on the Malaysia-Thailand border, designed to take advantage of the abundant supply of raw rubber and develop an entire ecosystem for the rubber industry in the Indonesia-Malaysia-Thailand (IMT-GT) Growth Triangle. area. Kedah Rubber City is strategically located on the Malaysia-Thailand border). To date, the Malaysian government has approved a budget of RM417 million for the development of KRC, including world-class infrastructure for major players in the rubber industry. KRC will leverage Malaysia's position as a world leader in the rubber industry with research skills in technological advancements and niche rubber manufacturing.

Upon completion, the industrial park will provide a conducive ecosystem for sustainable rubber-based industry development in NCER by providing high technology, innovation and specialized knowledge content with an emphasis on high value added products. The regional development authority, Northern Corridor Implementation Authority (NCIA), is developing partnerships with neighboring countries through the IMT-GT platform to support and accept products manufactured in KRC. With the first phase of development in KRC ready to receive investors by June 2020, the Malaysian government welcomes large and medium-scale investors from domestic and foreign companies to invest in the KRC that will connect the region's major rubber producers in IMT-GT.

Investors can look forward to support in terms of overseeing and managing their specific needs within KRC in terms of infrastructure as well as support services. Malaysia's strategic importance within ASEAN and the wider region continues to make the country a magnet for investors. Riding on this, the Malaysian Investment Development Authority (MIDA), together with HSBC, has formed a strategic partnership to continue to facilitate the establishment and expansion of multinational corporations in Malaysia.

Delivering the keynote address at the HSBC Multinationals and Subsidiaries event on 16 January 2020, Dato' Azman Mahmud, CEO of MIDA. HSBC's history in Malaysia dates back to the beginning of the banking industry in this region. Today, the bank boasts a global network that provides access to more than 90% of the world's GDP, trade and capital flows.

MIDA Reaffirmed Commitment on Strategic Partnership at HSBC Multinational and

Subsidiaries EventEvents

Manufacturing Projects Implemented in Negeri Sembilan Created over 100,000 Jobs

Economic Region Development Council (ECERDC), UOB Malaysia, and Viknesh and Yap Law Firm organized a seminar, namely: “The Growing and Expanding Opportunities in the World Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA said: “MIDA is optimistic that the railway project through the EAPs will help bridge the development gap between the east and west coasts of Peninsular Malaysia, given the potential growth for the region's industrial, commercial and tourism sectors. Companies should take advantage of the various initiatives available such as pioneer status, investment tax allowance, automation capital allowance and grants such as the Domestic Investment Strategic Fund (DISF) and the Digital Transformation Acceleration Program (DTAP) to grow their businesses in the country. .”.

Baidzawi Che Mat, Chief Executive Officer of ECERDC, mentioned the ecosystem of public-private partnerships and the implementation of strategic ones. 34;We have made significant progress despite global economic challenges by working closely with relevant government agencies and the private sector to attract and facilitate more private investment in the ECER. With what has been achieved in the ECER to date, we are confident that our region has embarked on the next leap of socio-economic growth.

As we continue to work closely with MIDA and other domestic and international investors, we will continue to lead the rapid growth of ECER to become a competitive, dynamic and vibrant investment destination.

Seminar on "The Growing and Expanding

Opportunities in the East Coast Economic Region"

Engagements with Strategic Partners

Malaysia-Norway Business Council (MNBC) 5 February 2020, Norwegian Ambassador's

HSBC Malaysia

22 January 2020, HSBC Ampang, Kuala Lumpur

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MIDA E-NEWSLETTERMIDAE-NEWSLETTERFebruary 2020 | 24

Sabah to focus on downstream industries to capitalize on natural resources, CM MARGMA says Malaysian glove exports will increase by almost 20 percent in 2020. Sabah joint venture to convert wood waste into biodegradable plastics Petronas aims to support the development of Sarawak's O&G industry MSC: Full smelting Operations at the Pulau Indah plant will commence soon. Diversified export market serves as Malaysia's antidote to the impact of the coronavirus. Malaysia remains an attractive investment destination for Japanese companies.

Terengganu ECRL to cost RM15 billion, create 23,000 new jobs – MB Malaysia may be attractive investment destination for Japanese firms Negeri Sembilan continues to attract investment – Exco. Economic Stimulus Package Brings Growth Insurance to Malaysia MITI reassures investors that Malaysia's economic agenda remains on track. Highlights of the 2020 Economic Stimulus Package. CJ Century buys related business for RM100mil. to expand the logistics company's awareness on the improvement of RE, to drive Malaysia's solar industry higher.

Ditrolic Solar, UOB Malaysia to help companies adopt RAM ratings for renewable energy maintains stable outlook for Malaysian power sector.