Malaysia's manufacturing sector led the country's approved investments for 1H 2020, contributing RM35.7 billion or 55.1 percent of total approved investments in the economy. The services sector contributed RM28.6 billion of the total approved investments in the economy, representing 44.2 percent to the total number of approved projects in 1H 2020. sector.
According to the National Pharmaceutical Regulatory Agency (NPRA), this is more than 50 percent of the total products. The rising costs of modern healthcare have also increased the appeal of the herbal industry as a replacement for conventional healthcare. China may well overtake the US as the world's top nutritional supplement market.
Recognizing the importance of the herbal industry, the Forest Research Institute Malaysia (FRIM) established the Natural Product Quality Control (NPQC) Laboratory for product quality and safety. The event will be accessible 24/7 by anyone from anywhere in the world during the five days. These leads indicate an increasing trend of potential investments in green technology in the country.
The Ministry of International Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), provided valuable facilitation for EMs to support their business in the country.
MIDA E-NEWSLETTER
Its network spans core emerging markets in Asia, Africa and the Middle East with a diverse footprint in over 60 markets. Standard Chartered Global Business Services (Standard Chartered GBS) plays an important role in supporting the Bank to deliver seamless banking services that help people and companies across its markets to thrive. Located in Malaysia, India, China and Poland, Standard Chartered GBS drives best practices and provides the Bank with a resilient cross-border 24/7 operating model that leverages diverse availability of talent that has also proven invaluable during the COVID-19 crisis.
Standard Chartered GBS Malaysia) in 2001 - the first international bank to do so in the country. With a workforce of 150 people to more than 5,000 today, the center has evolved from a labor arbitrage rationale focused on traditional banking operations to become a multidisciplinary high-tech center. Malaysia supplies and delivers a host of products and services to the bank's businesses globally, while offering nearshore support to Singapore and other key markets in Asia.
We host several Center of Excellence (CoE) covering the entire spectrum of banking from operations, technology and financial crime oversight to compliance and professional services such as Human Centered Design. This is to enable our colleagues to focus on higher value and complex activities that still require human intuition and experience," said Matthew Norris, Standard Chartered's global head of global business services who has chosen to base his global role in Kuala Lumpur. base.
Redefining banking through leading technologies and best practices
Another example is GBS X, a multifaceted innovation CoE for Group operations across Standard Chartered. His core skills are in the areas of Lean Digital, Robotics Process Automation (RPA), Data. In the operating space, Standard Chartered GBS competencies include the areas of Trade Finance, Cash Operations, Financial Markets, Private Banking, Retail Banking as well as services such as Retail Customer Care, Financial Crime Surveillance, Compliance, Legal and Executive Assistant Services.
In 2017, Standard Chartered's first Financial Markets Islamic Operations CoE was established in Malaysia, with skilled talents in the field of Islam. We continue to develop new capabilities to add value to our offering to the Bank.
GBS talents – A team to be recognised
For example, we recently added Virtual Executive Assistants services to our repertoire and we now support 24 CEOs globally in Chennai and Kuala Lumpur,” says Matthew.
A strong legacy and bright future
Hence, its capability led to the launch of Malaysia's first residential broadband package with speeds of up to 1 Gbps. Rodzi Ahmad, Chief Executive Officer (CEO) continues to grow with its carrier network, Allo Carrier Network Services (ACNS) and open access network business model, which aims to offer the best connectivity for businesses and reduce the digital divide between urban and suburban areas . As a wholly-owned subsidiary of Malaysia's largest power utility, Tenaga Nasional Berhad (TNB), Allo leverages its parent company's more cost-effective utility infrastructure to deploy open access fiber infrastructure that enables other Retail Service Providers (RSPs). ) to offer their services to end users.
In order to be able to lay fiber at a lower price compared to other RSPs, the Open-Access operating model is also offered to other market players at a more competitive price. In line with the Malaysian government's Jalinan Digital Negara, the operating model has created a level playing field with healthy competition between RSPs and benefits the community either in urban or suburban areas, allowing them to enjoy the same packages despite different geographical backgrounds. So far, around seven other RSPs including Astro, Maxis and Digi have leveraged the Open-Access infrastructure to expand their fiber footprint faster and at a lower cost,” said Mr.
Going forward, Allo will expand its shared infrastructure to other states including Perak, Kedah and Johor, among others, with an anticipated 170,000 home permits by the second quarter of 2021, allowing more RSPs provide connections for businesses and households in a faster way to economic rates. To date, Allo's main goal is to expand the open access network nationwide, to bridge the digital divide between urban and suburban areas to allow the same Internet experience and reduce monopoly in the market. To achieve the goal, Allo followed the same core values as TNB, which are integrity, cooperation, professionalism, customer focus, forward thinking and attentiveness.
In addition to its open access infrastructure, Allo prides itself on its Allo Carrier Network Services (ACNS), an internal carrier network. The company also participated in the state's Industrial Gigabit Network, an initiative to provide a fiber optic network for better connectivity across the country. Allo identifies itself as a complementary partner to the telecommunications industry and looks forward to partnering with other RSPs to uplift and enable the Industry 4.0 initiative not only in Malaysia but also in neighboring countries.
Allo is committed to doing its part to accelerate digitization, especially in suburban areas through its infrastructure. This can be done by rolling out its fiber infrastructure, through continuous support from the government agencies such as the Malaysian Communications and Multimedia Commission as well as other RSPs. Rodzi Ahmad (right) showing Minister of Communications and Multimedia Saifuddin Abdullah (left) Allo's fiber optics.
Webinar with MEDEF International: An Avenue to Strengthen Economic Relations through Investment
Seminar on Seizing the Investment Opportunity among the Malaysian Manufacturers
Mohamad Ismail Abu Bakar, Executive Director of Manufacturing Development (Resources) delivered his keynote address, while Ms Surayu Susah, Director of Chemicals and Advanced Materials Division was one of the speakers in the webinar session. Muhammad Sawaddee Islamuddin from September 6-11, 2020 to gain insight into the industry ecosystem in Xiamen City and attract new investment from China. Khamilah Mohd Yusoff, Director of the Food Technology and Resource-Based Industries Division in partnership with CapitaLand and FoodNet International Holdings Pte, Singapore, highlighted the prospects of establishing a global food manufacturing plant in Malaysia.
Sikh Shamsul Ibrahim Sikh Abdul Majid, Director of the Foreign Investment Promotion Division, paid a one-day working visit to GIVI ASIA in Bukit Beruntung on September 7, 2020. Nik Faizal Nik Kamarudin shared a talk on facilities and incentives related to Industry 4.0 during the Ministry of International Trade and Industry (MITI) Industry 4WRD Outreach Program on September 10, 2020. MIDA and Muar Furniture Association (MFA) organized from September 9 to 11 2020 networking visits to selected MFA member companies to showcase the latest technologies and levels of automation within the furniture industry.
MIDA launched the Automation Project Initiative on September 15, 2020 by hosting eleven companies and twenty system integrators, providing them with a valuable opportunity to discuss achievable action plans to achieve their business objectives. MIDA Kelantan attended the launching ceremony of the Kelantan State Furniture Industrial Park in Gua Musang on September 11, 2020. MIDA officials were excited to be part of the launch of Biforst's first solar truck fleet in Malaysia on September 18, 2020.
Sivasuriyamoorthy, Managing Director of Investment Promotion, Mr. Roswaidin Mohd Zain, Director of MIDA Mumbai and officials of the Department of Foreign Investment Promotion had a fruitful meeting with Her Excellency Ms. This commitment must lead the growth of the green economy and the green technology industry. , in line with Malaysia's aspirations to create a sustainable nation. Sivanesan, Undersecretary of the Department of Taxation in the Ministry of Finance (MOF) was accompanied by MIDA officials led by Ahmad Khairuddin, Deputy Managing Director II for a working visit to Alliance Steel Sdn Bhd in Kuantan, Pahang on 22 September 2020 to gain a deeper understanding of the blast furnace technology and its processors.
Rahman, Director of MIDA Sarawak shared about Industry4WRD facilitation during a panel session at the 'Outreach Program Industry4WRD: Journey Towards Industry 4.0'. Lim Ming Yee, Senior Deputy Director, Foreign Investment Promotion Division of MIDA was one of the panelists for the Penang Investment Webinar (China session) on 23 September 2020. Ms.Fatmah Ahmad, Director of MIDA Sydney created an opportunity for participants to Malaysia understand its potential as a new alternative supply base for the Asia region.
MIDA E-NEWSLETTER September 2020 | 25 The Project Acceleration and Coordination Unit (PACU) at MIDA organized an e-Biz Clinic on 'Starting Your Project with PACU@MIDA' via a virtual webinar and a physical event at MIDA HQ on 29 September 2020. Sivasuriyamoorthy, Executive Director of Investment Promotion participated in a dialogue session organized by the Malaysian Dutch Business Council (MDBC).
