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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

 
 
 
 
   
 
 

Tube Well Benefits More Than 650 Residents Of Kg Timbang Dayang

Friday, 23 February 2018

KOTA BELUD, Feb 23 (Bernama) -- More than 650 residents of Kampung Timbang Dayang here are delighted to be able to enjoy clean water from a tube well costing RM90,000....
 
Viral Video : Not Real, Just Movie Scene Being Filmed - Police Chief

Friday, 23 February 2018

KUALA LUMPUR, Feb 23 (Bernama) -- Kuala Lumpur police chief Datuk Seri Mazlan Lazim said the video on the shootings, which has gone viral on social media today, was not a real incident but only a scene being filmed for...


130 Poor Families Get A Home Each With Aid From LZS

Friday, 23 February 2018

KUALA LUMPUR, Feb 23 (Bernama) -- Joy was written on the faces of 26 poor and needy individuals renting at the Enggang Apartments in Puchong as they will each own their unit costing RM42,000 when gifted by the Selangor Zakat...
 
Federal Govt Continues To Ensure Labuan's Economic Development - Ahmad Shabery

Friday, 23 February 2018

LABUAN, Feb 23 (Bernama) -- The federal government will not turn a blind eye on the future of Labuan's economic development after more than three decades of the duty-free island's establishment as part of the Federal Territories....

 
 
 
 
 
 
Issue 200   Issue 199
 
 
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 English Version      Versi B. Melayu  
         


50,000 Health Ministry-Trained Volunteers To Detect, Prevent NCD

GEORGE TOWN -- The Health Ministry has trained more than 50,000 volunteers to detect patients with high cholesterol, glucose level and high blood pressure to prevent them at an early...

   

Rakyat Mahu Bantuan BR1M Diteruskan

PEKAN -- Kumpulan pertama yang menerima Bantuan Rakyat 1Malaysia (BR1M) mengharap bantuan itu dapat diteruskan pada masa depan kerana ia banyak membantu meringankan beban perbelanjaan harian mereka. Seorang penerima Hayati...

 
..full news     ..berita penuh
 
 
     
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