What is the World Investment Report (WIR)?
- The World Investment Report is an annual report published by the United Nations Conference on Trade and Development (UNCTAD), since 1991.
- The UNCTAD WIR 2010 was released on 22 July with the theme “Investing in a Low Carbon Economy”. The Report discusses global and regional tren ds in FDI, recent policy developments and opportunities and threats in developing countries in the transition to a low carbon economy.
What are the reasons for the drop in the Foreign Direct Investments (FDIs) in Malaysia in 2009?
The decline in FDI inflows into Malaysia to US$1.38 billion in 2009 is mainly due to:
- the global economic crisis which started in 2008 and continued in 2009, causing global FDI to decline by 37% as investors worldwide were more careful in making investment decisions involving large funds;
- Malaysia is in a transition from capital intensive to knowledge-based industry;
- Rising competition for FDI, from both new emerging market economies and established investment centres; and
- Many approved projects saw delays in implementation because of the then uncertain economic environment.
Some commentators were quoted that the WIR report reflected investor’s lack of confidence in doing business in Malaysia .
- The recent UNCTAD report showed that world FDI flows in 2009 fell by 37% affecting many countries, including Malaysia • Having seen the early signs of the decline in FDI, the government instituted wide-ranging reforms as early as April 2009. These reforms will take time to produce results.
- The WIR also reported that Malaysia remains one of the top 15 host countries for FDI for 2010-2012.
- Malaysia is also ranked as the 10th most competitive nation under the 2010 World Competitiveness Yearbook.
How do you account for the performance of Vietnam , Indonesia and the Philippines ?
Continue Reading »
Tags: foreign direct investments, UNCTAD
Posted in Malaysia Economy, investment, trade | 1 Comment »
The recent UNCTAD report showed that world FDI flows in 2009 fell by 37% affecting many countries, including Malaysia. Having seen the early signs of the decline, the government instituted wide-ranging reforms as early as April 2009.
“At the time that the global financial crisis was eroding investor confidence worldwide, the government recognized the need to transform the Malaysian economy to increase its attractiveness,” said YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry.
“Whilst acknowledging the dampening FDI inflows into Malaysia, it must be highlighted that Malaysia was also named in the same report as one of the top 15 host countries for FDI for 2010-12 by a survey of transnational corporations,” Mustapa said.
Continue Reading »
Tags: foreign direct investments
Posted in Malaysia Economy | No Comments »
-
-
Speech by Minister
-
-
Signing the MoU
-
-
Exchanging documents
-
-
Memento
-
-
Time for a chat
-
-
Group Photo
The launching of the Industry Led Automotive Graduate Apprenticeship Programme by YB Dato’ Sri Mustapa Mohamed yesterday is well-timed considering the fact that most of our local graduates find it difficult to secure jobs after completing their tertiary education. This programme is the initiative of the Malaysia Automotive Institute (MAI), an independent non-profit organisation under MITI’s custodianship, and UiTM Shah Alam.
Some 60 mechanical engineering students will participate in the programme aimed at creating well trained and competent graduates that will be much sought after by the industry. At the core of this programme is the industrial training whereby an apprentice spends almost 40% of his/ her education years to gain extensive hands-on experience and exposure on all aspects of automotive industrial practices.
Human capital development is very important and this programme is certainly heading in the right direction to equip graduates with the necessary skill set to meet the ever incresing demands of the industry.
Tags: Automotive Industry
Posted in Events, Motor Vehicle Industry | 7 Comments »
-
-
Signing Ceremony
-
-
Token of Appreciation
-
-
Discussion
-
-
Meeting Guests
-
-
Group Photo
-
-
Getting to know
Secretary General of MITI, Y.Bhg. Tan Sri Abdul Rahman Mamat and Mr. Bruce Nasby, Executive Vice-President, SIFE Worldwide signed an agreement today in Putrajaya for Malaysia to host Student In Free Enterprise ( SIFE) World Cup 2011 from 3-5 October 2011. The event is expected to attract 2,500 participants comprising 40 global SIFE teams, academics and Fortune 500 corporate leaders.
SIFE Malaysia, first introduced in 2000, is a programme carried out in Institutions of Higher Learning (IPTs) under the Undergraduates Entrepreneurship Programme to provide a platform for the SIFE teams to present the results of their community outreach projects. These projects are then evaluated by business leaders. SIFE encourages students to apply critical thinking in executing all their projects.
MITI will be collaborating with SIFE Malaysia, leaders in business and faculty advisors to assist students in developing socially responsible businesses. MITI encourages more Multinational companies and GLCs to be involved and contribute to SIFE projects. MITI also welcomes Corporate Leaders to serve as judges during the SIFE National Competition. Companies in support for SIFE include Khazanah Nasional Berhad , Shell, Rhythm Consolidated Berhad ,KPMG and Manpower .
A national SIFE competition will be held from 12-13 July 2010 at Putra World Trade Center (PWTC). Sixteen teams will compete in this event and the champion will represent Malaysia to the SIFE World Cup 2010 in Los Angeles, USA from 10-12 October 2010.
Media Release
Tags: education
Posted in Entrepreneurship, Events | No Comments »
Many Governments today are faced with a million dollar question – to liberalise or not. It is good for us to understand that the vast choices and competitive prices we pay for goods & products today are culmination of liberalisation through multilateral trade negotiations since 1947 under the auspices of the General Agreement on Tariffs and Trade (GATT) – now known as the World Trade Organisation (WTO). It must be noted that the WTO opened up markets and created rules to faciliate orderly conduct of global trade and prevented trade wars as well as global resources wastage.
Read more to understand WTO’s role and its contribution.
Tags: DOHA, liberalisation, WTO
Posted in trade | No Comments »