Malaysia is a prime investment destination in the industrial sector when it comes to the ASEAN region. Supported by a varied and holistic economic ecosystem with an educated workforce and strong financial sector, our country has the capability to attract investors and industries to make Malaysia their number one choice.
However, regional economic growth has brought to surface neighbouring countries who also have the potential to attract investors and industries and thus become our competitors. We must be ready to cultivate a future economy which will make use of modern technology, automation, IR4.0, digitalisation, and high skilled workers. Malaysia must also be more efficient at making the process of starting businesses easier for domestic and international investors.
HARAPAN is committed to ensuring Malaysia’s competitiveness in the industrial sector is maintained at the best standards. We can maintain Malaysia’s reputation as the most progressive country when it comes to industrialisation technology in the ASEAN region.
Industry Facilitation
Streamlining the business and commerce processes by reducing bureaucracy through continued facilitation by government agencies such as MIDA, MATRAD, SME Corp, MPC, MIDF, and others.
Strategic Funding
Introduce more strategic funding which will strengthen the capacity of Malaysian-owned companies to participate in direct domestic investments. In the same vein as the Domestic Investment Strategic Fund (DISF), the funds must allow domestic companies to upgrade equipment (automation), increase research & development efforts, upskilling workforce through training initiatives, and acquiring international accreditation for their products.
Export Incentives
Preparing more export incentives to encourage international trade such as tax incentives for triple deductions on expenditure related to business movement for encouraging export; providing grants and incentives for online marketing or marketing campaigns by local companies to increase global sales.
Free Trade Zone
Gazetting Free Trade Zones at Kota Kinabalu Industrial Park (KKIP), POIC Lahad Datu and Sandakan as well as Sipitang Oil & Gas Industrial Park (SOGIP) to attract investments in Sabah.
Upgrading Infrastructure
Upgrading basic infrastructure at all industrial parks including water, electrical, sewerage systems, and roads to ensure our industrial parks remain competitive to attract investors and industries.