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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

 
 
 
 
   
 
 

Another lady Governor for Bank Negara

Friday, 22 June 2018

KUALA LUMPUR, June 22 (Bernama) -- Datuk Nor Shamsiah Mohd Yunus has been named the new Bank Negara Malaysia (BNM) Governor, the second woman to hold the position after Tan Sri Dr Zeti Akhtar Aziz....
 

Nor Shamsiah appointed BNM Governor for 5 years - Guan Eng

Friday, 22 June 2018

KUALA LUMPUR, June 22 (Bernama) -- Datuk Nor Shamsiah Mohd Yunus has been appointed as the new Governor of Bank Negara Malaysia (BNM) for a term of five years effective from July 1, 2018 to June 30, 2023, Finance Minister...


First haj flight to depart on July 14

Friday, 22 June 2018

SEPANG, June 22 (Bernama) -- The first haj flight this year is scheduled on July 14 while the last flight is on August 15....
 

New BNM governor appointment lifts Bursa Malaysia at close

Friday, 22 June 2018

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Issue 213   Issue 212
 
 
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 English Version      Versi B. Melayu  
         


Penang wants to be cleanest, greenest, says CM

GEORGE TOWN -- The Penang Government is committed to making the state and capital city the cleanest, to achieve the best quality of life, says Chief Minister Chow Kon Yeow. He...

   

Najib wins uncontested as Pekan UMNO division chief

KL  -- Former prime minister and ex-UMNO president Datuk Seri Najib Tun Razak is among 74 party division chiefs who won uncontested at the UMNO divisional polls today. Aside from...

 
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