The Malaysian Investment Development Authority (MIDA) launched its i-Services Portal during the National Investment Seminar 2018 today. It is a business linkage platform to connect service providers and their potential clients, which consists both local and foreign companies.

The National Investment Seminar 2018 was graced by Datuk Darell Leiking, Minister of International Trade and Industry (MITI).

He emphasised on the need for Malaysia to have world class enterprises.

“I believe our local companies that continue to develop from strength to strength over the years, has the potential to drive Malaysia towards this next phase of economic growth. The world is moving its focus to Asia, and Malaysia is well-positioned to seize these opportunities. We have all the advantages to compete globally. The trade war that is going on has provided us an opportunity for Malaysia to rise up and reclaim our rightful place as an ‘Asian Tiger’ once again,” said Darell.

The mid-term review of the 11th Malaysia Plan, which was recently announced by YAB Prime Minister, has highlighted the importance of ‘shared prosperity’, ensuring that the fruits of development are enjoyed by every state and every Malaysian.

“Our companies need to move fast to upscale their operations to be on the same level playing field with global players. Prioritise on productivity, accelerate automation and innovation, undertake more R&D and implement best industry practices. We need to focus on these areas if we are to expand market outreach and increase readiness in meeting international requirements,” he added.

Datuk Azman Mahmud, Chief Executive Officer of MIDA in his opening speech, “In addition to the i-Services Portal, MIDA has set up a dedicated team under our Domestic Investment & Supply Chain (DISC) Division to link up companies with potential funders, technology providers, research institutions and business partners. The team has identified and collaborated with various institutions. As to date we have engaged with 140 companies and 40 partners providing financial support including private equity firms. We would like to encourage interested parties to register your interest with MIDA by reaching out to any of our MIDA officials for further details on this exciting initiative.”

The National Investment Seminar 2018 was well attended by over 500 participants from various fields, including local and foreign business chambers, government agencies, manufacturers, service providers and potential investors.

The seminar featured two panel sessions by a broad range of speakers from the Royal Malaysian Customs Department, Energy Commission, Malaysian Global Innovation & Creativity Centre (MaGIC) and Federation of Malaysian Manufacturers (FMM) as well as government agencies such as Malaysia External Trade Development Corporation (MATRADE), Malaysian Industrial Development Finance Berhad (MIDF) and Export-Import Bank of Malaysia Berhad (EXIM Bank). There were also business clinics and consultation services provided by MITI, MIDA and other related agencies.

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