Therefore, MIDA has established the Project Acceleration and Coordination Unit (PACU) to proactively provide end-to-end facilitation to all projects approved by the National Committee on Investment (NCI), ensuring the rapid and efficient implementation of projects in the country is made possible. Malaysia is part of the new historic partnership and sees plenty of opportunities and benefits that the agreement brings. With the recent global pandemic, RCEP stands ready as one of the country's economic recovery tools in the fight against COVID-19.
The agreement consolidates and brings together the existing ASEAN plus one free trade agreement into a single regional trade agreement, which binds many overlapping issues in the region. While protection, facilitation, liberalization and promotion of investment in the region are the relevant elements, a chapter on economic and technical cooperation is also included in the agreement. Service providers, including e-commerce companies and SMEs, will be able to enjoy greater market access in the form of cross-border supply and establishment of a commercial presence in the RCEP markets.
In October 2020, Saudi Aramco and SABIC announced that both companies had decided to re-evaluate their COTC project, as global oil companies re-evaluate their energy projects to maintain cash flow due to the drop in oil prices and demand, which has been greatly affected by the coronavirus. pandemic. Based on the BP Statistical Review of World Energy 2020, Malaysia ranks fourth in the Asia-Pacific region for the largest oil reserves; behind China, India and Vietnam, with 2.8 billion barrels at the end of 2019. These factors will increase the efficiency of production processes to increase the production of higher value chemical end products.
The Industry 4.0 breakthroughs can lead, among other things, to the optimal use of carbon; extraction and inclusion of hydrogen; low emission; smart use of utilities and optimal capital expenditure.
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Elliance has used the OCR solution to convert more than 500 older machines in the country into Industry 4.0-compatible machines. One of the facilities offered is the offering of a grant from the Domestic Investment Strategic Fund (DISF) for research and research. Their Optical Character Recognition (OCR) solution offering allows engineers to extract data projected on the display and convert it into understandable information.
PHN is investing heavily in new, advanced material applications in core products made from high tensile strength material used in the parts supplied to local OEMs. Established in 1990, PHN is a subsidiary of DRB-HICOM Bhd., one of Malaysia's leading companies in the automotive manufacturing, assembly and distribution industries. From humble beginnings with just a single Medium Press Machine and supplying one body part of Malaysia's first car, the Proton Saga; PHN now supplies most car brands and core models in the country.
In the context of the metal forming industry, PHN's ability to adapt to rapid changes and flexible requirements is key to continued success and sustainability. AIMST has positioned itself as a premier private university in the country and region, catering to the needs of local and international students. Its visibility in the Northern Corridor Economic Region (NCER) enhances industrial linkage activities to create better employability of students.
Relevant strategies on the Fourth Industrial Revolution (Industry 4.0) to prepare students to join future workforce are regularly updated in the curriculum”. West Cyberjaya – This district will produce skilled talent for innovation efforts as well as research and development work coming out of South Cyberjaya. North Cyberjaya – This Global Business District is where smart city solutions will be implemented and used.
The master plan will also fall under the purview of the Cyberjaya Implementation Council, chaired by Tan Sri Mohd Zuki Ali, principal secretary to the government and chairman of Cyberview. More importantly, we wanted to ensure that the plan is suitable for the Malaysian context and Malaysian industries, while maintaining regional and global viewpoints. The implementation of the master plan will stimulate growth opportunities for technology companies to venture into research, development and commercialization (R&D&C).
This will attract both local and global companies to participate in the city's ecosystem and develop high-quality innovations in Cyberjaya before they do. The center also acts as a city services and cyber city manager, facilitating inquiries about the smart city township and community.
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Executive Director of Manufacturing Development (Resource) and the Food Technology and Resource Based Industries Division of MIDA had a fruitful discussion with Halal Development Corporation Berhad (HDC) to promote the Malaysian Halal certification for international market and to invest in the halal to ensure industry. Surayu Susah, Director of Chemical and Advanced Materials Division, MIDA was a speaker in the biennial Foreign Technology Conference Asia 2020, held on 4 November 2020. Muhammad Khaidir Bin Hairuddin and Director of MIDA Frankfurt, Mr Yusri Hasnan Chu gave to German Malaysia Roundtable participated.
Khamilah Mohd Yusoff was one of the panelists in the session 'The Halal Economy: Today Southeast Asia, Tomorrow the World' which focused on the opportunities in ethical, sustainable and responsible Islamic finance for the banking, financial and investment sectors in Southeast Asia Asia and beyond. Wan Hashimah Wan Salleh, Director of Green Technology Division, MIDA spoke at the 3rd Italy-ASEAN Virtual High-Level Dialogue on “Strengthening Sustainable Development in ASEAN”, held on November 11, 2020. Ahmad Khairuddin Abdul Rahim, Deputy CEO II of MIDA invited to be a speaker in the virtual Malaysian Gas.
He briefed on various facilitations offered by MIDA to investors in handling business challenges while embracing digitization and automation in the new norm of operations. Sivasuriyamoorthy Sundara Raja, Executive Director of Investment Promotion, MIDA, was invited as one of the panelists in Ernst & Young (EY): Malaysian Budget 2021 Webinar on 17 November 2020. Najihah Abas, Director of Building Technology and Lifestyle Division MIDA spoke at 'Revolutionizing CR4.0 for the future investment landscape' during the Construction Strategic Plan 4.0 -CR4.0 conference.
She presented investment opportunities and guided businesses to take advantage of tax relief from the government, especially in the industrialized building system (IBS) and new technology. Muhammad Khaidir Bin Hairuddin of MIDA Munich briefed on business and investment opportunities in the "Malaysia Flag". Sivasuriyamoorthy Sundara Raja, Executive Director of Investment Promotion, MIDA participated as a speaker at the Business Foresight Forum (BFF) 2020 Virtual Conference.
Muhammad Khaidir Bin Hairuddin, Director of MIDA Munich, participated in the fourth EuroTalks - “A success story of 5 decades: continues to create value with impactful partnerships between Hungary and Malaysia” on November 17, 2020. The MOU aims to strengthen the bioenergy ecosystem. and develop opportunities for the commercialization of “Waste to Energy” (WTE) activities to ensure sustainable waste management. Ms Fatmah Ahmad, Director MIDA Sydney participated in the Diplomatic Business Luncheon in Australian Capital Territory (ACT) on November 18, 2020.
On November 24, 2020, MIDA Seoul participated in the 2020 APEC SMEs Smart Factory Forum, organized by APEC and the Korea Technology and Information Promotion Agency for SMEs (TIPA). Mohamad Reduan Mohd Zabri, Director of MIDA Seoul took the opportunity to share the current development of Smart Factory concepts and.
