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MIDA’s Functions in The Promotion of The Manufacturing and Services Sectors in Malaysia PowerPoint PPT Presentation


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24 th October, 2012 . MIDA’s Functions in The Promotion of The Manufacturing and Services Sectors in Malaysia. CONTENT OUTLINE : . Functions. Performance. Policies. Incentives. Development Corridors.

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MIDA’s Functions in The Promotion of The Manufacturing and Services Sectors in Malaysia

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Mida s functions in the promotion of the manufacturing and services sectors in malaysia

24th October, 2012

MIDA’s Functions in The Promotion of The Manufacturing and Services Sectors in Malaysia


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

CONTENT OUTLINE :

Functions

Performance

Policies

Incentives

Development Corridors

“Malaysian Investment Development Authority”


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

MILESTONES

2011 : Rebrand as Malaysian Investment Development Authority

27 March 2004 : Government Mandated MIDA to Promote Investments in the Services Sector

Established in 1967 under Act of Parliament, 1965


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

FUNCTIONS OF MIDA

  • Foreign Direct Investment

  • Domestic Investment

  • Cross Border Investment

  • Business matching through E-Connect

  • Manufacturing Services

Promotion

  • Manufacturing licenses

  • Tax incentives

  • Expatriate posts

  • Duty exemption

  • OHQ, RDC, IPC and R&D status

Evaluation

  • Planning for industrial development

  • Recommend policies and strategies on industrial

  • promotion and development

  • Formulation of strategies, programmes and

  • initiatives for international economic cooperation

Planning

  • Assist companies in the implementation and operation of their projects

  • Facilitate exchange & co-ordination among institutions engaged in or connected with industrial development

  • Advisory Services

Follow-up /

Monitoring


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

MIDA WORLDWIDE NETWORK

Stockholm

London

Frankfurt

Munich

Boston

Paris

Chicago

San Jose

Milan

Tokyo

Seoul

New York

Osaka

Los Angeles

Shanghai

Houston

Dubai

Guangzhou

Taipei

Mumbai

Bangkok

Kuala Lumpur Malaysia

Singapore

Johannesburg

Sydney

24 Overseas Centres


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

MIDA’S STATE OFFICES

ALOR SETAR

KOTA BHARU

KOTA KINABALU

KUALA TERENGGANU

PENANG

IPOH

KUANTAN

MIDA HEADQUARTERS

SEREMBAN

MELAKA

JOHORBAHRU

KUCHING


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

MALAYSIAN ECONOMY


Malaysia s key economic indicators

MALAYSIA’S KEY ECONOMIC INDICATORS

Source: Central Bank of Malaysia/Department of Statistics Malaysia/MATRADE

* As at 30th March 2012

8


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

GDP BY INDUSTRIAL ORIGIN

Source : Economic Reports/Bank Negara Annual Report, Malaysia 11/12


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

PERFORMANCE OF THE MANUFACTURING & SERVICES SECTORS


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

TOTAL APPROVED MANUFACTURING PROJECTS (2008 – 2011)

Source: MIDA


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

APPROVED PROJECTS BY MAJOR COUNTRIES JANUARY – DECEMBER 2011

US$ Million


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

APPROVED MANUFACTURING PROJECTS BY MAJOR INDUSTRIES, JANUARY – DECEMBER 2011

Source: MIDA


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

APPROVED REGIONAL ESTABLISHMENT JANUARY – DECEMBER 2011

Source: MIDA


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

INVESTMENT POLICIES

  • Guidelines on Manufacturing Licence

  • Policy on Equity Ownership


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

INVESTMENT POLICIES

Guidelines on Manufacturing License

  • The Industrial Coordination Act 1975 (ICA) requires manufacturing companies with shareholders’ funds ofRM2.5 million and aboveor engaging75 or morefull-time employees to apply for manufacturing license.


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

INVESTMENT POLICIES

Foreign Equity

Repatriation of Funds


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

INCENTIVES FOR THE MANUFACTURING SECTOR


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

MAJOR INCENTIVES PROVIDED

Pioneer Status (PS) : Income Tax Exemption of 70 % or 100 % for 5 or 10 years

Investment Tax Allowance (ITA)

60 % or 100 % on qualifying capital expenditure for 5 or 10 years

Incentives

Exemption from Import Duty on Raw Materials / Components

Exemption from Import Duty & Sales Tax on Machinery & Equipment


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

CURRENT FOCUS IN THE MANUFACTURING SECTOR

High technology, capital intensive &

knowledge driven industries:

Industries manufacturingintermediate goods:

  • Alternative Energy Sources

  • Biotechnology

  • Advanced materials

  • Advanced electronics

  • Optics and photonics

  • Petrochemicals

  • Pharmaceuticals

  • Medical devices

  • ICT

  • Aerospace

  • Machinery & equipment

  • Components & parts

  • Moulds and dies

Resourced-based industries:

  • Food & Agro based

  • Value-added products from natural resources


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

INCENTIVES FOR THE SERVICES SECTOR


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

SERVICES SECTOR

  • OPERATIONAL HEADQUARTERS (OHQ)

  • INTERNATIONAL PROCUREMENT CENTRE (IPC)

  • REGIONAL DISTRIBUTION CENTRE (RDC)

  • Full tax exemption for 10 years

  • REPRESENTATIVE OFFICE (RE)

  • REGIONAL OFFICE (RO)

  • RE or RO status given for a period of 5 years

  • INTEGRATED LOGISTICS SERVICES (ILS)

  • INTEGRATED MARKET SUPPORT SERVICES (IMSS)

  • INCENTIVES FOR INTEGRATED CENTRAL UTILITY FACILITIES (CUF)

  • Eligible for PS or ITA


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

SERVICES SECTOR

Targeted Services

  • Regional Establishments

  • Business and professional services

  • Logistics

  • ICT services

  • Offshore and outsourcing activities

  • Distributive trade

  • Education and training

  • Healthcare

  • Tourism


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

CORRIDOR OF DEVELOPMENT IN MALAYSIA

NCER : NORTHERN CORRIDOR ECONOMIC REGION

  • Focus on:

  • Modern Agriculture

  • Manufacturing & Design

  • Tourism

  • Logistics

  • Education & Health

SDC : SABAH DEVELOPMENT CORRIDOR

  • Focus on:

  • Agro-based Industry

  • Tourism

  • Logistics

  • Manufacturing

ECER : EAST COAST ECONOMIC REGION

  • Focus on:

  • Tourism

  • Oil & Gas

  • Manufacturing

  • Agriculture

  • Education

SCORE: SARAWAK CORRIDOR OF RENEWABLE ENERGY

  • Focus on:

  • Resource Based Industry

  • Energy

  • Tourism

IRDA : ISKANDAR MALAYSIA

  • To be a hub for the services sector:

  • Creative Industry

  • Education

  • Healthcare

  • Financial Services

  • Tourism and Logistics Industries

  • Electrical & Electronics Services

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Mida s functions in the promotion of the manufacturing and services sectors in malaysia

WHY MALAYSIA ?

  • Political & Economic Stability

  • Pro-business Government

  • Liberal Investment Policies

  • Transparent Policies

  • Policy of Welcome

  • Sound Banking System

  • Well Developed Infrastructure

  • Harmonious Industrial Relations

  • Trainable & Educated Labour Force

  • Quality of Life

  • Good Track Record


Mida s functions in the promotion of the manufacturing and services sectors in malaysia

THANK YOU

Please visit us at

www.mida.gov.my

[email protected]


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