Latest news with #Mida
The Star
12-06-2025
- Business
- The Star
M'sia secures RM90bil approved investments in 1Q
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. KUALA LUMPUR: Malaysia has secured RM89.8bil in approved investments for the first quarter of financial year 2025 (1Q25), a steady 3.7% year-on-year increase despite a challenging global economic backdrop. In a statement yesterday, the Malaysian Investment Development Authority (Mida) said these investments, spread across 1,556 projects in manufacturing, services, and primary sectors, are set to generate over 33,300 new employment opportunities for Malaysians. 'The results reflect continued investor confidence in the country's clear policies and long-term fundamentals, bucking the trend of cautious international capital flows due to geopolitical and macroeconomic volatility, and the intensifying global competition for fresh investments. 'Foreign investments dominated the investment landscape, contributing RM60.4bil or 67.3% of total investments, while domestic investments accounted for RM29.4bil or 32.7%,' it said. Besides job creation, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said the increase in the Managerial, Technical, and Supervisory index to 46.3% from 44.2% in the same quarter last year reflects the country's success in creating higher-skilled, better-paying jobs. 'With a better integrated Asean economy, which we are working hard on as Asean chair, we are also paving the way for Malaysia's continued positioning as a manufacturing and services hub to this fast-growing 680-million strong region,' he said. He said the investment environment in 2025 is expected to remain challenging due to continued geopolitical and macroeconomic headwinds from the US-China trade war. 'Nonetheless, although major markets' protectionist policies and supply chain frictions continue to weigh in on companies' investment decisions, Malaysia's clear policies should be able to attract more investments from Asia's growing economy, which is expected to expand to about 42% of global gross domestic product by 2040,' he said. Besides bringing in good jobs and business opportunities, Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the projects secured by Mida for 1Q25 supported the national effort to build a more diversified and resilient economy. 'To remain a choice location for high-performing companies, we will strengthen our local ecosystem as enablers and prepare our workforce to seize new job and leadership opportunities.' — Bernama
The Sun
11-06-2025
- Business
- The Sun
Malaysia records RM89.8 billion approved investments in first quarter
KUALA LUMPUR: Malaysia has secured RM89.8 billion in approved investments in the first quarter of 2025 (Q1'25), a steady 3.7% year-on-year increase despite a challenging global economic backdrop. In a statement today, the Malaysian Investment Development Authority (Mida) said these investments, spread across 1,556 projects in manufacturing, services and primary sectors, are set to generate over 33,300 new employment opportunities for Malaysians. 'The results reflect continued investor confidence in the country's clear policies and long-term fundamentals, bucking the trend of cautious international capital flows due to geopolitical and macroeconomic volatility, and the intensifying global competition for fresh investments. 'Foreign investments dominated the investment landscape, contributing RM60.4 billion or 67.3% of total investments, while domestic investments accounted for RM29.4 billion or 32.7%,' it said. Besides job creation, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said, the increase in the Managerial, Technical, and Supervisory Index to 46.3% from 44.2% in the same quarter last year reflects the country's success in creating higher-skilled, better-paying jobs. 'With a better integrated Asean economy, which we are working hard on as Asean chair, we are also paving the way for Malaysia's continued positioning as a manufacturing and services hub to this fast-growing 680-million strong region,' he said. He said the investment environment in 2025 is expected to remain challenging due to continued geopolitical and macroeconomic headwinds from the US-China trade war. 'Nonetheless, although major markets' protectionist policies and supply chain frictions continue to weigh in on companies' investment decisions, Malaysia's clear policies should be able to attract more investments from Asia's growing economy, which is expected to expand to about 42% of global gross domestic product by 2040,' he said. Besides bringing in good jobs and business opportunities, Mida CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the projects secured by Mida in Q1'25 supported the national effort to build a more diversified and resilient economy. 'To remain a choice location for high-performing companies, we will strengthen our local ecosystem as enablers and prepare our workforce to seize new job and leadership opportunities. 'By ensuring Malaysia remains relevant in global value chains, we can attract and anchor investments that benefit our economy, enterprises and people for the long haul,' he said. As of June 10, 2025, Mida is actively managing a robust pipeline of proposed projects, collectively valued at RM48.5 billion. 'The services sector leads this momentum, with 683 projects accounting for RM27.6 billion, while the manufacturing sector contributes RM20.9 billion across 89 projects. 'Complementing this pipeline, an additional RM59.3 billion in high-potential investment leads are currently under negotiation. These figures signal not only a healthy appetite for investment but also a growing confidence in Malaysia's economic fundamentals and policy direction,' it said. – Bernama
The Star
11-06-2025
- Business
- The Star
Johor leads Malaysia's Q1 2025 investments with RM30.1bil, says exco
JOHOR BARU: Johor has emerged as Malaysia's top investment destination for the first quarter of 2025, recording RM30.1bil in approved investments, according to Lee Ting Han. The state investment, trade, consumer affairs, and human resources committee chairman declared the achievement a proud moment for Johor. "The figure not only positions Johor at the forefront of national investments but also reflects the success of forward-thinking and inclusive investment strategies spearheaded by both federal and state governments. "A significant portion of these investments is concentrated in high-impact service sectors such as logistics, data centres, and modern business facilities. "This aligns with Johor's strategic direction to become a hub for the digital economy and high value-added industries," he said on Wednesday (June 11). Lee, who is also the Paloh assemblyman, attributed the success to sustained efforts by various government agencies and stakeholders. He highlighted key drivers such as the establishment of the Invest Malaysia Facilitation Centre to streamline investor dealings, and strong collaboration with the Malaysian Investment Development Authority (Mida), Iskandar Regional Development Authority (Irda), and local authorities. Lee also pointed to continued progress in the Johor-Singapore Special Economic Zone (JS-SEZ), which is attracting international interest, and ongoing infrastructure upgrades, including roads, ports, and energy systems. He noted that the state government has remained consistent with investors through pro-business policies such as Johor Fast Lane and talent development via the Johor Talent Development Council (JTDC). Lee expressed his gratitude to civil servants, industry players, investment promotion agencies, utility providers like Tenaga Nasional Berhad and Ranhill SAJ, and the business community for their contributions. "The Johor government remains committed to strengthening the investment ecosystem, attracting more high-quality investments, creating job opportunities for locals, and ensuring balanced and inclusive development across all regions. Johor will continue to rise as a new economic powerhouse in the region," he added.
Malay Mail
11-06-2025
- Business
- Malay Mail
Mida: Malaysia secures RM89.8b approved investments in Q1 2025, up 3.7 pc y-o-y
KUALA LUMPUR, June 11 — Malaysia has secured RM89.8 billion in approved investments for the first quarter of 2025 (1Q 2025), a steady 3.7 per cent year-on-year increase despite a challenging global economic backdrop. In a statement today, the Malaysian Investment Development Authority (Mida) said these investments, spread across 1,556 projects in manufacturing, services, and primary sectors, are set to generate over 33,300 new employment opportunities for Malaysians. 'The results reflect continued investor confidence in the country's clear policies and long-term fundamentals, bucking the trend of cautious international capital flows due to geopolitical and macroeconomic volatility, and the intensifying global competition for fresh investments. 'Foreign investments (FIs) dominated the investment landscape, contributing RM60.4 billion or 67.3 per cent of total investments, while domestic investments (DIs) accounted for RM29.4 billion or 32.7 per cent,' it said. Besides job creation, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said the increase in the Managerial, Technical, and Supervisory (MTS) index to 46.3 per cent from 44.2 per cent in the same quarter last year reflects the country's success in creating higher-skilled, better-paying jobs. 'With a better integrated Asean economy, which we are working hard on as Asean chair, we are also paving the way for Malaysia's continued positioning as a manufacturing and services hub to this fast-growing 680-million strong region,' he said. He said the investment environment in 2025 is expected to remain challenging due to continued geopolitical and macroeconomic headwinds from the US-China trade war. 'Nonetheless, although major markets' protectionist policies and supply chain frictions continue to weigh in on companies' investment decisions, Malaysia's clear policies should be able to attract more investments from Asia's growing economy, which is expected to expand to about 42 per cent of global gross domestic product by 2040,' he said. Besides bringing in good jobs and business opportunities, Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the projects secured by Mida for 1Q 2025 supported the national effort to build a more diversified and resilient economy. 'To remain a choice location for high-performing companies, we will strengthen our local ecosystem as enablers and prepare our workforce to seize new job and leadership opportunities. 'By ensuring Malaysia remains relevant in global value chains, we can attract and anchor investments that benefit our economy, enterprises and people for the long haul,' he said. As of June 10, 2025, Mida is actively managing a robust pipeline of proposed projects, collectively valued at RM48.5 billion. 'The services sector leads this momentum, with 683 projects accounting for RM27.6 billion, while the manufacturing sector contributes RM20.9 billion across 89 projects. 'Complementing this pipeline, an additional RM59.3 billion in high-potential investment leads are currently under negotiation. These figures signal not only a healthy appetite for investment but also a growing confidence in Malaysia's economic fundamentals and policy direction,' it said. — Bernama
The Star
09-06-2025
- Business
- The Star
Cabinet to decide on cannabis vape factory issue, says Health Minister
KUALA LUMPUR: The Cabinet will make a collective decision regarding the controversy surrounding a US-based vape company manufacturing "cannabis hardware" in Johor, says Health Minister Datuk Seri Dr Dzulkefly Ahmad. "I will address this issue later. We have to present it to the Cabinet and from there, we will make a collective decision," he said. He added that several ministries and agencies are involved, such as the Investment, Trade and Industry Ministry, the Malaysian Investment Development Authority among others. "So, we will table this in the Cabinet meeting and reach a collective decision," said Dr Dzulkefly after attending the opening ceremony of the 31st Association of Private Hospitals Malaysia (APHM) conference at the KL Convention Centre on Monday (June 9). On Thursday (June 5), Perikatan Nasional health committee chair Dr Ahmad Yunus Hairi called for a police investigation into the vape factory in Senai, Johor operated by Ispire Technology Inc, a Nasdaq-listed company based in California, US. "The manufacturing licence for Ispire's factory in Senai was issued by Mida. However, questions arose as to whether Mida approvals cover the manufacturing of cannabis-related products, which is clearly illegal under the Dangerous Drugs Act 1952," said the Kuala Langat MP. The licence granted by Mida to Ispire is touted as Malaysia's first federal licence to produce nicotine products. The sale of nicotine liquids is regulated under the Control of Smoking Products for Public Health Act.
