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  Mida Approves RM1.3 Bln DISF Grant Till July 2017  
 
 

Thursday, 14 September 2017

SUNGAI PETANI, Sept 14 (Bernama) -- The Malaysian Investment Development Authority (Mida) has approved grants totalling RM1.3 billion under the Domestic Investment Strategic Fund (DISF) since the fund was established in July 2012 until July this year.

Mida Executive Director, Strategic Planning (Manufacturing), Zabidi Mahbar, said the allocation involved 264 projects with investment value of RM12.8 billion.

The approved grants were in the form of training grant, research and development grant, certification for international standards as well as licensing and high technology procurement. "Out of the figure, 76 projects in Penang, 13 in Kedah, 10 in Perak and one project in Perlis received DISF grants with investment value of RM5.2 billion," he told the media after attending the Northern Region Domestic Investment Seminar 2017 here, today.

He also urged all players to take advantage of the facilities provided by the government to enable them to shift to a higher value chain.

"Besides the DISF grant, industry players can also capitalise on the automation capital allowance (ACA) introduced under Budget 2015 to encourage the use of automation in manufacturing.

"The scheme provides ACA of 200 per cent for labour-intensive industries such as rubber, plastic, wood, furniture and textile to assist these companies undertake technology transformation," he said.

Up to June this year, only 41 applications were approved by Mida for this scheme and applications were expected to increase following the outreach programme carried out by the agency, he added.

Meanwhile, Zabidi said Mida was also planning an appropriate incentive to help local companies in technology transformation in line with the government's announcement to create a special incentive for Industry 4.0.

"A high level task force that will formulate Industry 4.0 policy jointly led by the Ministry of International Trade and Industry, Ministry of Higher Education and the Ministry of Science, Technology and Innovation has been established to plan the policies, strategies and direction to develop Industry 4.0 in Malaysia.

"Mida is also cooperating with the task force to draw up the National Policy for Industry 4.0 that will be tabled at the Cabinet meeting in the fourth quarter of this year," he said.

Zabidi also said the investment growth momentum in the country had seemingly strengthened even though the numbers until the middle of this year had not been announced yet.

Meanwhile, the one-day seminar organised by Mida was attended by over 200 participants.

It aimed to increase the awareness among the business community on the investment opportunities as well as facilities provided by the government, besides opening a platform for them to interact directly with various institutions at the federal and state level.

-- BERNAMA

 
 
 
 
   
 
 

SMEs, Youths Must Embrace Industry 4.0

Friday, 24 November 2017

KUALA LUMPUR, Nov 24 (Bernama) -- With the emerging e-commerce economy and the fourth industrial revolution (Industry 4.0), the younger generation and small medium enterprises (SMEs) must be open to embrace the new era....
 

BNM Partners Insurance Industry To Launch Perlindungan Tenang

Friday, 24 November 2017

KUCHING, Nov 24 (Bernama) -- Bank Negara Malaysia (BNM) has partnered the insurance industry to launch a new insurance initiative, Perlindungan Tenang, here today....


Students Need To Be Bold In Facing Industry 4.0 Challenges

Friday, 24 November 2017

KUALA LUMPUR, Nov 24 (Bernama) -- University students are encouraged to be bold in facing the challenges that come with the fourth industrial revolution (Industry 4.0)....
 
Leading Index Remains Unchanged In Sept

Friday, 24 November 2017

KUALA LUMPUR, Nov 24 (Bernama) -- The Leading Index (LI), which monitors the economic performance in advance, remained unchanged at 2.6 per cent in September 2017, said the Department of Statistics Malaysia (DoS)....

 
 
 
 
 
 
Issue   Issue 186
 
 
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 English Version      Versi B. Melayu  
         


Pernama Partners With BCA Digital To Expand Business

KUALA LUMPUR -- Perbadanan Perwira Niaga Malaysia (Pernama) has signed a memorandum of understanding with BCA Digital Sdn Bhd to expand its business activities by providing the best retail services to members of Malaysian Armed...

   

Dua Kapal Perang TLRK Tiba Di Pangkalan TLDM Sepanggar

KOTA KINABALU -- Dua kapal perang Tentera Laut Republik Korea (TLRK), Kang Gam Chan DDH 979 dan Hwa Cheon AOE 59 tiba di pangkalan Tentera Laut Diraja Malaysia (TLDM) di...

 
..full news     ..berita penuh
 
 
     
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