Malaysia recorded a total of RM65.4 billion of approved investments in the services, manufacturing and primary sectors for the first six months of 2017 (1H2017), a decline of 28.2% compared with RM91.2 billion for the same period last year. These investments involved 2,294 projects and will create 61,930 employment opportunities.
The decline was mainly due to the 41% drop in the number of approved investment recorded for the services sector. This was in line with the slowing down in the property market. Approved investment for manufacturing sector has also declined, partly due to the large amount of investments that went into Pengerang and RAPID project in Johor in 2014-2016. In addition, Malaysia is unable to compete with a number of countries in the region which offer lower labour cost.
Malaysia reaffirmed its position as a regional hub for tech start-ups with the announcement of leading global venture builders setting presence in Malaysia to help accelerate the growth of start-ups in Malaysia and Southeast Asia.
Mountain Partners, a Swiss-headquartered company builder, will set-up their Southeast Asia operations hub in Malaysia. The set-up will see Mountain Partners helping more than 15 of their global portfolio companies expand into Malaysia by creating their presence here, and creating more than 400 job opportunities, including more than 50 top C-suite talent roles. Mountain Partners will also set-up a USD100 million fund to invest in Malaysia and Southeast Asia tech start-ups.
As the Association of Southeast Asian Nations (ASEAN) turns 50 this year, the economic strides that have made the regional bloc the world’s seventh-largest economy will set it up for sustained growth, increased prosperity and exciting prospects for the next half century. Malaysia is one of the founding members of ASEAN.
“Technology, and how it will continue to change the way people live, work, shop, dine, travel and save, is perhaps one of the most fascinating advances in recent times, and one that presents vast opportunities ahead.
International Trade and Industry Minister, Datuk Seri Mustapa Mohamad kicked off his trade and investment mission to Europe by leading a strong delegation of senior representatives from economic corridors, investment promotion agencies (IPAs) and state governments to Hamburg, Germany on 18 October 2017.
The event attracted 120 participants representing the International Hamburg Chamber of Commerce, German Asia Pacific Business Association as well as key German corporate leaders. More than 100 business meetings were held between leading German companies and Malaysian IPAs. The last time a similar event organised by MITI took place in this city was back in 2010.
Following on from recent developments that would see the Hong Kong listed main board company CNQC International Holdings Limited emerging as its single largest shareholder, Vivocom Intl Holdings Bhd has made another breakthrough with the signing of a Heads of Agreement with MACfeam Sdn Bhd for the Project East Coast Railway Lines.
In an announcement to Bursa Malaysia this evening, Vivocom said that its subsidiary company, Vivocom Enterprise Sdn Bhd and MSB are forming a consortium with the purpose of jointly submitting an application for prequalification, tendering for, obtaining the award and performing the contract in relation to the states of Terengganu and Pahang that has been called by the China Communications Construction Company Ltd and China Communications Construction Company (M) Sdn. Bhd.
ACE Market-listed company, PUC Berhad (formerly known as PUC Founder (MSC) Berhad) signed a Memorandum of Understanding (MoU) with Bersian Technology (M) Sdn Bhd on cross marketing collaboration aimed at expanding and growing its advertising and ePayments business through the deployment of innovative products and services to a broader clientele base.
As part of the MoU, PUC will benefit from Bersian’s efforts to promote PUC’s suite of tailor-made advertising services to its existing clientele base, in providing new opportunities and an enhanced advertising approach that will boost clients’ marketing strategies.
Malaysia Airports Managing Director Datuk Badlisham Ghazali, has been appointed as a director on Airport Council International’s (ACI) World Governing Board.
Datuk Badlisham who has been a Director of ACI’s Regional Asia-Pacific Board since 2016, joined other leaders of ACI at its World Governing Board meeting held on 14 October 2017 in Port Louis, Mauritius.
Kenanga Investment Bank Berhad was recently awarded for “Creativity in Digitalising Its Investor Outreach Initiatives” recognised by Securities Commission Malaysia at the recent InvestSmart Fest 2017 (ISF 2017).
This recognition reaffirms Kenanga’s commitment to strengthen and continue its engagement with investors and encourage greater participation via innovative platforms with a focus to empower the next generation of investors and traders.
Allianz Group and Impact Hub announced the launch of the ‘Investment Ready Programme 'Encouraging Future Generations'.
This is a unique acceleration programme, tailored for purpose driven entrepreneurs aiming to foster social inclusion of children and youth across four countries - Brazil, Germany, Malaysia and Turkey.
T7 Global Berhad, formerly known as Tanjung Offshore Berhad, a major upstream and downstream oil and gas service provider in Malaysia has entered into an agreement for the disposal of its Birmingham Property (“the Property”) for a cash consideration of GBP5.75 million (RM32.24 million) through the entire share sale of its wholly owned subsidiary, 7 New Market Street Holdings Limited the holding company of the Property, subject to the fulfilment of conditions precedent.
The Property is a 10-storey office block with basement and 18 car park spaces which has mainly been stripped back to shell fit located at the edge of the Birmingham Central Business District. It is situated on the corner of New Market Street and Great Charles Street Queensway sitting on a piece of freehold land and has connectivity to a complete range of transport links where the Snowhill station is situated 0.2 miles away and New Street station is within a short walking distance.