KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) performs an instrumental funding facilitator function in eradicating obstacles for prospective investors, mentioned Investment, Trade and Industry (MITI) Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
He famous that MIDA, which was established in 1967, has now remodeled into Malaysia’s key funding promotion and advertising and marketing company, a strategic transfer to strengthen the nation’s funding panorama, guaranteeing the nation stays a aggressive and enticing funding vacation spot.
“It is on that word that I would love to additional increase on MIDA’s contribution to Malaysia’s socio-economic progress, and what higher means to recognise MIDA’s worthwhile legacy than by way of the espresso desk ebook that we’re launching,” mentioned Tengku Zafrul on the launch of the espresso desk ebook, titled “Stepping Stones: MIDA’s Journey”, right here as we speak.
Also current was MIDA’s chief government officer (CEO) Datuk Arham Abdul Rahman and Hong Leong Bank (HLB) group managing director and CEO Kevin Lam.
The ebook was penned by Malaysian National News Agency (eNM) former chairman Datuk Seri Azman Ujang and former editor-in-chief Datuk Yong Soo Heong, together with biographer and writer Bernice Cynthia Narayanan.
Tengku Zafrul mentioned the ebook is a must-read for anybody wanting to delve into Malaysia’s industrial policymaking and nation-building journey post-independence.
“I used to be informed that the Stepping Stones ebook venture started a decade in the past, so I need to say nicely executed to Datuk Arham whose management finally introduced MIDA’s tales from idea to print.
“The collaboration with MIDA additionally goes deeper than a easy partnership; banks like Hong Leong have a key function to play in supporting a vibrant industrial and funding ecosystem, and in advancing Malaysia’s socio-economic prosperity,” he added.
Meanwhile, in a joint assertion as we speak, MIDA and HLB mentioned they’ve inked a memorandum of understanding to assist the general funding ecosystem and supply complete financing and banking providers for companies getting into the Malaysian market.
Aligned with the federal government’s dedication to making Malaysia the chosen funding vacation spot for international and home investors and companies, HLB has shaped a strategic collaboration with MIDA, pledging to assist the general funding ecosystem and supply complete financing and banking providers for companies getting into the Malaysian market.
The settlement marks a dedication by each events to foster a strategic alliance that promotes sustained enterprise progress and engagement throughout Malaysia’s small and medium enterprises and business sectors, mentioned HLB and MIDA.
