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Keynote Address by:
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@officialMIDA
www.mida.gov.my Updated version
Dato’ Azman Mahmud
CEO of MIDA
4 June 2020
RM21 billion (Financial Losses)
USD
FDI
USD 13.2 billion (65.2%)
DDI
USD 7.0 billion (34.8%)
20.2 Billion
USD20.2 billion investment
988 projects
78,606 new jobs
USD billion
6.3
2.6
1.9
1.7
1.1
1.0
0.9
0.7
0.6
0.6
0.4
1.2
3
IMPACT ON E&E INDUSTRY
Photo source : https://www.123rf.com/photo_113902993_stock-vector-laptop-with-artificial-intelligence-icons-vector-illustration-design.html
Semiconductor market to decline
Malaysian Government decided to impose the Movement Control Order (MCO) from 18 March 2020 to prevent the virus from spreading (flattening the curve)
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The Government rolled out a Stimulus Package valued at USD58 billion
(RM260 billion), including an RM100 billion allocation for small and medium
enterprises.
Some measures within the
stimulus package that are
relevant to companies
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USD 0.72 billion
USD 0.02 billion
USD 0.007 billion
USD 1.54 billion
USD 0.33 billion
USD 0.07 billion
“The PRIHATIN Package will continue to have a positive impact on the people, business and our economy.“
Tengku Dato’ Sri Zafrul Minister of Finance
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Currently there are two major policy documents being drawn-up by the government:
• Short Term Economic Recovery Plan (RESTART) by the MOF for the next 12 months • Mid & Long Term Measures by EPU
Retain existing investments
Attract new investments and encourage reinvestments by existing companies
Attract investments in selected industries that are classified as strategic in developing the entire local ecosystem Revive Domestic Investments
Improve the approval mechanism of investment projects
MIDA proposals to MOF:
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"The fact is that the pandemic has jolted us to the reality of how crucial and pervasive digitalisation is and why we need it more than ever to future-proof our businesses,”
Senior Minister of MITI Datuk Seri Mohd Azmin
Ali
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Understanding the Lighthouse Model
SUPPLY CHAIN company
Available Support
ANCHOR company
Malaysia is well-positioned to weather the storm and emerge
stronger from this pandemic. Our country is resilient despite
multiple changes faced by the global economy, due to its
diversified economic structure.
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Talk to us now…
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TODAY ONLY exclusive consultation platform
Starting 4.30 PM
ROOM 1 ROOM 2 ROOM 3
ROOM 4 ROOM 5 ROOM 6
ROOM 7 ROOM 8
CONTACT US
Ms. Azlina Hamdan Director Electrical and Electronics Division Level 28, MIDA Sentral No.5, Jalan Stesen Sentral 5 Kl Sentral, 50470 Kuala Lumpur Tel: 03 2267 2401 Fax: 03 2260 1641 E-mail: [email protected]
Mr. Norhizam Ibrahim Director Advanced Technology and Research & Development Division Level 23, MIDA Sentral, No.5, Jalan Stesen Sentral 5 Kl Sentral, 50470 Kuala Lumpur Tel: 03-2267 6611 Fax: 03-2272 1779 E-mail: [email protected]
│ @officialMIDA
www.mida.gov.my 13
Thank You
#staysafe
