UOB Malaysia said that the number of its overseas clients, especially those from the electronics and semiconductor industries, investing in Penang will increase by 30% over the next 12 months.
The Indonesian Government is in the process of drafting a roadmap to address six key areas, with one of them looking at opening up the e-commerce sector to foreign investors.
Omron Corp has announced plans to construct two new facilities at its existing manufacturing plant, Omron Manufacturing Indonesia (OMI), in Indonesia’s West Java.
Singapore-based technology consultancy startup Alpha7 said it has raised an additional S$3.1 million (US$2.3 million) in funding from private investors, without elaborating.
Malaysia’s national ICT custodian Multimedia Development Corporation (MDeC) is bullish on the technology sector’s investment climate for this year, saying that foreign and domestic companies continue to show interest in setting up or expanding their presence in the country.
Investments in the ICT, energy and healthcare sectors by venture capital, private equity as well as strategic investors (through mergers and acquisitions) outperformed the others in 2014, according to Frost & Sullivan.
Japanese firms invested in 806 companies in Malaysia; 1,000+ in Singapore, nearly 2,000 in Thailand HSIS aims to grow revenue by 25% this year and by another 20% in 2015, says CEO
The Prime Minister of Malaysia missed out on driving home important messages when a foreign company announced RM4 billion worth of investments. As "CEO" of Mlaaysia, what Prime Minister Datuk Seri Najib Razak can do more of is to speak about innovation and doing things better. This is after all the year of the National Science and Innovation Movement Year 2012. He should infuse all his speeches with works such as innovation, not being afraid to fail, dare to be different.
The Multimedia Development Corporation says that the MSC Malaysia’s 2011 performance was its best to date, showing strong growth and exceeding targets.
Malaysia is still not able to fully stand alone in the technical arena like other more developed countries, and still faces gaps in various tech-based sectors of the industry. Thus, the country will still have to depend on foreign skilled workers coming into Malaysia. Recent developments – such as a ballet ban – do not bode well.