Ministry of Investment, Trade and Industry (MITI)

Learn about the regulation of strategic technology under STA 2010. This video covers intangible technology transfer and its importance in maintaining national and international security. Watch now to understand how technology is regulated! #STA2010 #ThisisWhereGlobalStarts

What are strategic items under STA 2010? This video provides an overview of how strategic items are classified and what you need to know to stay compliant. Don’t miss this important information! #STA2010 #ThisisWhereGlobalStarts

Learn more about the fundamentals of the Strategic Trade Act (STA) 2010! This centralised and comprehensive legislation on export controls helps Malaysia combat the proliferation of Weapons of Mass Destruction (WMD) and protects Malaysian exporters without compromising legitimate trade. This educational video is an effort by the Strategic Trade Secretariat (STS) to provide a basic understanding of STA 2010, explains the legal basis and implementation of STA 2010, ensuring you understand the framework that governs strategic trade in Malaysia. Watch now to stay informed! #STA2010 #ThisisWhereGlobalStarts

While in Shanghai, I was invited by MayCham Shanghai to deliver a speech at the ‘Malaysia-China Business Forum 2023’. MayCham or also known as the Malaysian Chamber is the business association set up by Malaysian business leaders in China. There are several MayCham chapters in China, namely in MayCham Beijing, Shanghai, Greater Bay Area (GBA), Kunming and Xi’an. MayCham Shanghai invited me to share some insights on the New Industrial Master Plan (NIMP 2030) launched by the Honorable Prime Minister of Malaysia on 1 September 2023. NIIMP 2030 is MITI’s industrial policy which provides the national strategic direction for Malaysia’s industrial development until 2030. The NIMP 2030 calls for RM95 billion worth of total investments and it is expected to create 3.3 million job opportunities through the creation of high-skilled jobs. Two new funds will be set up, namely the NIMP Industrial Development Fund (NIDF) and the NIMP Strategic Co-Investment Fund (Co-SIF). NIDF is a Government funding for industrial development that covers activities like technology adoption, infrastructure development and talent, whereas Co-SIF is a part-fund between Government and private sector funding. The implementation of NIMP 2030 for the next 7 years will be predominantly funded from the private sector i.e. from private equity, capital and financial markets. In this regard, I welcomed business leaders from China to explore the opportunities in NIMP and invest in high-impact sectors in Malaysia such as the Electrical & Electronics (E&E), chemicals, electric vehicle (EV), aerospace, pharmaceuticals and advanced materials such as minerals. At the same business forum, my colleagues Mr. Steven from MIDA Shanghai and Mr. Damian from MATRADE Shanghai also shared the investment and trade opportunities in Malaysia. #MITI #NIMP2030 #MIDA #MATRADE #Malaysia #china #MayCham #shanghai

Technology has become one of the biggest factors in improving productivity, creating new opportunities and fostering innovation. Find out more about NIMP 2030 here: https://lnkd.in/gV2P2FUs #NIMP2030

A plan is only as good as the target! Here’s what we aim to achieve by 2030 for the manufacturing sector - covering the nation’s GDP, employment and also the median salary in the manufacturing sector! Find out more about NIMP 2030 here: https://lnkd.in/gV2P2FUs #NIMP2030

From our strategic location at the crossroads of trade to our top-tier talent pool and investor-friendly environment, Malaysia has unique value propositions to offer. Find out more about NIMP 2030 here: https://lnkd.in/gV2P2FUs #NIMP2030