The Ministry of International Trade and Industry, and its agencies, is ramping up efforts to address concerns of manufacturing companies to help facilitate their growth and development. “We are stepping up our efforts to engage with companies on the ground to gain insights into their operational issues to enable the Government to help allay their concerns. This effort is especially important in the current challenging economic environment," MITI Minister YB Dato' Sri Mustapa Mohamed said. YB Dato' Sri Mustapa was speaking to the media following a "Turun Padang" programme to the state of Selangor on Oct. 6. The working visit was organised by the Malaysian Investment Development Authority (MIDA). The Minister began the programme with a visit to two logistics companies - Century Total Logistics and Syarikat Logistik Petikemas - followed by meetings with their respective senior management. Both companies are embarking on an expansion and diversification exercise of their...Read More
YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry at the ‘Turun Padang’ programme to SAM Precision Engineering Sdn. Bhd in Bayan Lepas, Penang. In addition to the plant tour programme, YB Minister was briefed on the company’s new expansion project in producing ‘thrust reverser machined parts’ which are key components in aerospace manufacturing activities. The new proposed investments valued at RM139.6 million, is further proof that companies in the aerospace industry are expanding their capabilities in Malaysia and demonstrates their confidence in Malaysia’s capabilities and the Government's policies.
[MEDIA RELEASE] RETRENCHED WORKERS ARE BEING REHIRED AS A RESULT OF BUSINESS EXPANSION AND NEW INVESTMENTS
MEDIA RELEASE RETRENCHED WORKERS ARE BEING REHIRED AS A RESULT OF BUSINESS EXPANSION AND NEW INVESTMENTS
- On 27 July 2016, I had issued a statement outlining the state of Malaysia’s manufacturing sector. I touched on the challenges posed by the closure and restructuring of business operations, and stressed the Government’s success in attracting many other companies to set up their manufacturing facilities in Malaysia.
- The economic climate is challenging. A number of firms are restructuring their business plans and shifting their investments from one country to another to take advantage of abundant and cheaper labour costs.
- Malaysia is not spared from this new reality. In the period of January 2015 – August 2016, data from the Labour Department shows that a total of 10,907 workers at 51 companies in the manufacturing sector have been retrenched as a result of closure or restructuring exercises. Among companies which had announced and undertaken retrenchment...
July 6, 2015 , by admin2
A total of 360 manufacturing projects with investments amounting to RM15.9 billion were approved in the first six months of 2009. Foreign investments amounted to RM10.6 billion (66.7%) while domestic investments totaled RM5.2 billion (32.7%). Leading investment areas were chemical and chemical products (RM7.3 billion), basic metal products (RM1.9 billion), E&E products (RM1.8 billion), petroleum products (RM1.1 billion), and fabricated metal products (RM855.4 million). Collectively, these projects represent 82% of the value of total investment approved.Read More
July 6, 2015 , by admin2
ASEAN-wide: 98.94 per cent of all products have been placed in the Inclusion List (IL) of the CEPT Scheme for AFTA. Of which 97.15 per cent are at 0-5 per cent. Average tariff in 2009 is 1.65 per cent (1.95 per cent in 2008). For ASEAN-6: 99.40 per cent of all their products are in the Inclusion List (IL), of which 99.71 per cent are at duty of 0-5 per cent. Average tariff is 0.79 per cent in 2008 (1.32 per cent in 2007). For CLMV: 98.31 per cent of all their products are in the IL, of which 93.15 per cent are at duty of 0-5 per cent. Average tariff is 3.00 per cent in 2009 (3.69 per cent in 2008).Read More
July 3, 2015 , by admin2
Malaysia’s Industrial Production Index (IPI) for the manufacturing sector has continued its upward momentum by growing 6.2% in July 2009. July was the fifth consecutive month of growth this year and the first time that manufacturing breached the index of 100 since December 2008. Exports of manufactured goods grew by 11% in July 2009 although year-on-year manufacturing exports contracted by 15.4%. The manufacturing sector’s sales value in July fell 22.4% to RM42.2 billion compared with RM54.4 billion reported in the same month last year. However, sales value grew 7% from June 2009.Read More
July 2, 2015 , by admin2
Ukraine organized the “National Week of Food Processing Industry” from September 8 to 11, 2009 with several significant exhibitions held around the country. Among the main fairs are the “INPRODMASH & UPAKOVKA” the International Fair of Equipment, Technologies and Packaging for Food processing Industry and “SWEETS Ukraine” an International Exhibition on Confectionary Industry. INPRODMASH & UPAKOVKA fairs had become the major exhibitions for the food equipment, technologies and packaging industry in Ukraine. “SWEETS Ukraine” was mainly dedicated to readymade food products and ingredients for food processing. The Ukraine food and food processing industry still remains rather attractive particularly for the imports of equipment, raw materials and food processing technology. Malaysian companies can be very competitive in vegetable oils, cocoa powder, coffee and tea, desiccated fruits and sea food products. Upon entering WTO, Ukraine has to manufacture food...Read More
July 2, 2015 , by admin2
Kenya has witnessed a steady rise in demand for disposable diapers in recent years. About ten years ago, there were fewer brands of disposable diapers and they were meant for the high-end market. Despite their low cost then, they were still out of reach. Today, the use of disposable diapers has increased significantly. Most families with a minimum income of USD 200 per month can afford to buy disposable diapers and the use is no longer reserved for the well-to-do. The high demand for disposable diapers has created price wars and risen prices. This increase has been driven by intensive marketing campaigns on the benefits of the disposable diapers by various manufacturing companies. As manufacturers strive to gain from the growing sector, imitations are flocking the market. For example Sample diapers hope to ride on “Pamper’s” goodwill and success by incorporating P&G’s packaging and colours. According to a leading retailer, the market penetration of diapers has led to a...Read More
July 1, 2015 , by admin2
Despite bracing itself for a bumpy ride, the manufacturing sector managed to garner foreign investments worth RM22.1billion ( 67.8%) of approved investments, while the services sector’s main thrust was from domestic investments, RM32.9billion ( 90.6%) for 2009.Undeniably, this is primarily due to Malaysia’s liberal and transparent business policies, productive workforce and strong financial services. “Prudent banking policies have lent credibility and confidence to investors This coupled with the proactive launching of the second stimulus package of RM 60 billion have helped us weather the beatings of the harsh economic climate , Dato’ Sri Mustapa Mohamed feels.Approved investment projects in manufacturing recently have been more capital intensive in nature, reflecting the move toward high-technology, high value-added, skills and knowledge-based industries. Who is investing ? Japan , at the moment, is our largest foreign investor with an investment of RM7 billion....Read More
July 1, 2015 , by admin2
SME Corporation Malaysia is teaming up with eBay and PayPal to help local small and medium enterprises broaden their markets. What do SMEs already conducting or looking to conduct business online stand to gain? Under the agreement, eBay and PayPal specialists will provide education courses in the form of workshops or phone consultation programmes. For those looking to outsource their online sales channel, there’s also a Trading Assistant Programme which is an end-to-end service provided by eBay. Good deals abound: eBay is waiving insertion fees for the first 100 eBay listings and selected features, while the first 100 payments received via PayPal will enjoy up to a 25% discount. Both eBay and PayPal are also offering dedicated account support to SMEs. This MoU marks a first for a Government body in Malaysia to establish partnership with eBay, the world’s largest online marketplace with over 89 million active users and PayPal, a global leader in online payments. If...Read More