Latest news with #MalaysianInvestmentDevelopmentAuthority
New Straits Times
5 days ago
- Business
- New Straits Times
HIMP2030 first phase achieves 89.7pct implementation, contributes RM149bil to GDP — Zahid
PUTRAJAYA: The first phase of the Halal Industry Master Plan (HIMP2030), covering the period from 2023 to 2025, has recorded encouraging achievements with an implementation rate of 89.7 per cent, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Ahmad Zahid, who is also the Halal Industry Development Council (MPIH) chairman, said that during this period, the halal industry contributed RM149 billion to the Gross Domestic Product (GDP), while halal exports reached RM61.8 billion. "This achievement is a clear indication that our halal industry development direction is on the right track and is gaining increasing confidence not only domestically, but also in international markets," he said in a statement after chairing the MPIH Meeting No. 1/2025 here today. The meeting, attended by representatives from 15 federal ministries and state governments, served as a key platform to coordinate policies and strategic actions aimed at strengthening Malaysia's position as a global leader in the halal industry. Ahmad Zahid said Malaysia continues to strengthen the halal ecosystem through the expansion of Halal Parks, which now total 14 strategic halal parks spanning 200,000 acres nationwide. As of the first quarter of 2025, these parks have recorded a cumulative investment of RM3.8 billion. "This proves that the competitiveness of our halal ecosystem continues to be a key attraction in the regional investment landscape," he said. Following this, Ahmad Zahid urged all state governments to submit specific intervention plans to enhance their respective halal parks, especially those still facing low industry participation rates. In line with the government's aspiration to boost investment value and stimulate employment in the halal sector, he said MPIH has introduced a new framework for HALMAS (Halal Malaysia)-certified Halal Industrial Parks, which is more dynamic and aligned with the National Investment Aspirations. Under this framework, Malaysia is targeting RM25 billion in cumulative halal sector investment by 2030, supported by infrastructure development initiatives, improved governance and the strengthening of more competitive investment incentives. "The government is also reviewing the formulation of a Bill of Guarantees, offering investor-friendly incentives, integrating HALMAS services into the Malaysian Investment Development Authority's Digital One-Stop Portal, and introducing the HALMAS Mark of Excellence as a symbol of global quality and standards," he said. Today's meeting also saw the launch of the Women in Halal Industry initiative, a joint effort aimed at empowering women's roles in the national halal ecosystem and recognising their contributions across various stages of the industry value chain. Led by Deputy Minister of Women, Family and Community Development Datuk Seri Noraini Ahmad, in collaboration with Halal Development Corporation Bhd, the initiative is expected to provide greater opportunities for women to shine in the sector.
The Sun
5 days ago
- Business
- The Sun
HIMP2030 first phase achieves 89.7% implementation, contributes RM149 bln to GDP — Ahmad Zahid
PUTRAJAYA: The first phase of the Halal Industry Master Plan (HIMP2030), covering the period from 2023 to 2025, has recorded encouraging achievements with an implementation rate of 89.7 per cent, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Ahmad Zahid, who is also the Halal Industry Development Council (MPIH) chairman, said that during this period, the halal industry contributed RM149 billion to the Gross Domestic Product (GDP), while halal exports reached RM61.8 billion. 'This achievement is a clear indication that our halal industry development direction is on the right track and is gaining increasing confidence not only domestically, but also in international markets,' he said in a statement after chairing the MPIH Meeting No. 1/2025 here today. The meeting, attended by representatives from 15 federal ministries and state governments, served as a key platform to coordinate policies and strategic actions aimed at strengthening Malaysia's position as a global leader in the halal industry. Ahmad Zahid said Malaysia continues to strengthen the halal ecosystem through the expansion of Halal Parks, which now total 14 strategic halal parks spanning 200,000 acres nationwide. As of the first quarter of 2025, these parks have recorded a cumulative investment of RM3.8 billion. 'This proves that the competitiveness of our halal ecosystem continues to be a key attraction in the regional investment landscape,' he said. Following this, Ahmad Zahid urged all state governments to submit specific intervention plans to enhance their respective halal parks, especially those still facing low industry participation rates. In line with the government's aspiration to boost investment value and stimulate employment in the halal sector, he said MPIH has introduced a new framework for HALMAS (Halal Malaysia)-certified Halal Industrial Parks, which is more dynamic and aligned with the National Investment Aspirations. Under this framework, Malaysia is targeting RM25 billion in cumulative halal sector investment by 2030, supported by infrastructure development initiatives, improved governance and the strengthening of more competitive investment incentives. 'The government is also reviewing the formulation of a Bill of Guarantees, offering investor-friendly incentives, integrating HALMAS services into the Malaysian Investment Development Authority's Digital One-Stop Portal, and introducing the HALMAS Mark of Excellence as a symbol of global quality and standards,' he said. Today's meeting also saw the launch of the Women in Halal Industry initiative, a joint effort aimed at empowering women's roles in the national halal ecosystem and recognising their contributions across various stages of the industry value chain. Led by Deputy Minister of Women, Family and Community Development Datuk Seri Noraini Ahmad, in collaboration with Halal Development Corporation Bhd, the initiative is expected to provide greater opportunities for women to shine in the sector.
Reuters
14-06-2025
- Business
- Reuters
Malaysia records approved investments of $21 billion in Q1
KUALA LUMPUR, June 11 (Reuters) - Approved investments in Malaysia rose by 3.7% in the first quarter from a year earlier to 89.8 billion ringgit ($21.2 billion), the Malaysian Investment Development Authority said on Wednesday. Foreign investments were 60.4 billion ringgit, or two-thirds of the total, and domestic investments accounted for 29.4 billion ringgit, the authority said in a statement. "The investment environment in 2025 is expected to remain challenging due to continued geopolitical and macroeconomic headwinds stemming from the U.S.-China trade war," Trade Minister Tengku Zafrul Aziz said in the statement. Tengku Zafrul said while protectionist policies and supply-chain frictions would affect corporate decision-making, he expected Malaysia to attract more investment given the broader Asian economy was increasing its share of global GDP. The top three sources of foreign investment in the quarter were Singapore with 28.3 billion ringgit, the United States at 9.9 billion ringgit and China at 7.9 billion ringgit. The services sector attracted 57.8 billion ringgit on the approved investment, the authority said. ($1 = 4.2370 ringgit)
Daily Express
14-06-2025
- Business
- Daily Express
Sabah places third for Q1 investments
Published on: Saturday, June 14, 2025 Published on: Sat, Jun 14, 2025 Text Size: Kota Kinabalu: Sabah has solidified its position as one of Malaysia's top investment destinations, recording RM10.9 billion in approved investments in the first quarter of 2025, surpassing its total for the entire year of 2024. According to the latest investment performance report by the Malaysian Investment Development Authority (MIDA), Sabah now ranks third nationally in total investments, behind Selangor and the Federal Territory of Kuala Lumpur. Advertisement Foreign Direct Investment (FDI) led the surge, contributing RM6.6 billion or 61pc of the total, while Domestic Direct Investment (DDI) accounted for RM4.29 billion (39pc). The manufacturing sector emerged as the top contributor with RM7.3 billion in investments, making Sabah the number one recipient of manufacturing investments in Malaysia for the quarter. Of the manufacturing total, RM6.59 billion (91.3pc) came from foreign sources, reflecting robust international confidence in Sabah's business environment. Domestic investment in the sector amounted to RM711 million (9.7pc). The services sector drew RM2.83 billion, while the primary sector attracted RM757.1 million. Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe described the milestone as a testament to investor confidence in Sabah's economic prospects and pro-business policies. 'Despite global economic uncertainties and geopolitical pressures, Sabah remains a competitive and trusted investment hub. This performance shows our strategic policies are yielding tangible results,' he said. He added that the state government remains fully committed to strengthening Sabah's investment ecosystem and welcomes both foreign and local investors in contributing to sustainable and inclusive economic growth. 'The State Government will continue to create an enabling environment for investors and push forward with our industrial development agenda,' Phoong said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
13-06-2025
- Business
- Borneo Post
Sabah records RM10.9 billion in investments in Q1 2025, ranks third nationally
Phoong speaking at the press conference. KOTA KINABALU (June 13): Sabah recorded a total of RM10.9 billion in approved investments in the first quarter of this year, surpassing the state's total investment figure for the entire year of 2024. According to the Malaysian Investment Development Authority (MIDA), the investment performance from January to March places Sabah third nationally, behind Selangor and Kuala Lumpur. State Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe said Foreign Direct Investment (FDI) was the main contributor, accounting for RM6.6 billion or 61 percent of the total, while Domestic Direct Investment (DDI) amounted to RM4.29 billion or 39 percent. The manufacturing sector was the top performer, recording RM7.3 billion in investments — the highest among all states for this quarter. Of this, RM6.59 billion or 91.3 percent came from foreign investors, with the remaining RM711 million or 9.7 percent from domestic sources. The services sector followed with RM2.83 billion, while the primary sector attracted RM757.1 million. Phoong said the figures reflected continued investor confidence in Sabah's economic growth potential and its conducive business ecosystem. 'Despite global economic uncertainties and geopolitical pressures, Sabah remains a competitive investment destination trusted by both foreign and domestic investors,' he said at a press conference at Wisma Kewangan today. He added that the success was due to investor-friendly policies and the state government's strong commitment to stimulating industrial development. 'The state government is committed to strengthening the investment ecosystem and welcoming more investors to achieve sustainable and inclusive economic development for Sabah,' he said.
