MIDA

In 2022, Malaysia's medical tourism revenue soared to approximately 1.3 billion Malaysian ringgit, marking a remarkable twofold increase from the previous year. Despite the challenges posed by the global pandemic, the resilience of Malaysia's healthcare sector has positioned the country as a premier medical destination in Southeast Asia, with Penang emerging as a prominent hub for medical...

Unlocking Business Opportunities with the ECRL-Economic Accelerator Projects in Malaysia The East Coast Rail Link-Economic Accelerator Projects (ECRL-EAPs), a monumental initiative by the Malaysian Investment Development Authority (MIDA) in partnership with China Communications Construction Co., is set to transform the socio-economic landscape of Malaysia's East Coast. Launched in April 2019, this project...

Johor: The New Frontier for Property Investors Eyeing the Singapore Economic Sphere The burgeoning economic relations between Malaysia and Singapore are setting the stage for a real estate boom in Johor. Positioned as the next commercial nexus, this southern state is not just a geographical extension of Singapore but is rapidly becoming an economic extension as well, courtesy of the new special economic...

Hong Leong Bank Partners with MIDA to Strengthen Malaysia's Investment Ecosystem Hong Leong Bank Bhd (HLB) has announced a significant strategic collaboration with the Malaysian Investment Development Authority (MIDA), marking a pivotal step towards bolstering Malaysia’s investment ecosystem. This partnership aims to provide comprehensive financial solutions and banking services to businesses venturing...

The unveiling of the NCT Smart Industrial Park (NSIP) sales gallery in Sepang, Selangor, heralds a transformative phase for Malaysia's industrial sector. Spearheaded by the visionary NCT Group of Companies, this initiative is poised to revolutionize the conventional industrial park model by weaving sustainability into its foundational ethos. Situated in the vibrant region of Selangor, the NSIP is not just...

Penang stands out as a beacon of investment success in Malaysia, achieving an impressive realization rate of 85% to 90% for projects announced by the Malaysian Investment Development Authority (Mida). This high rate of investment fruition underscores the state’s robust economic environment and its appeal to both local and international investors. A Thriving Manufacturing Hub Penang's Chief Minister,...

As global economic dynamics shift, Malaysia is positioning itself as a premier destination for multinational corporations (MNCs) seeking alternatives to Singapore's escalating operational costs. Economists are taking note of Malaysia's strategic efforts to attract these corporations, particularly from Japan, as they diversify their regional headquarters locations in response to Singapore's rising...

In a significant development for Malaysia's financial landscape, Prime Minister Datuk Seri Anwar Ibrahim announced a series of enticing incentives aimed at attracting companies to the newly established Tun Razak Exchange (TRX) in Kuala Lumpur. The announcement was made during an official launch event, marking a pivotal moment in Malaysia's ambition to establish a leading global financial district. Key...

Prime Minister Datuk Seri Anwar Ibrahim has underscored the importance of accelerating development and infrastructure projects while streamlining processes between the federal government and states, particularly concerning land transfers. This emphasis on expediency and efficiency was voiced after a meeting with representatives from the Northern Corridor Implementation Authority, the Iskandar Regional...

Southeast Asia's premier health-centric township, KL Wellness City (KLWC), is poised to revitalize the healthcare industry. This RM11 billion project spans 26.49 acres, establishing a robust ecosystem devoted to promoting health and wellness. Encompassing a diverse array of facilities including the Nobel Healthcare Park, KL International Hospital (KLIH), innovation labs, R&D units, healthcare office...