TAPiO Newsletter – August 2019 Issue

DIPLOMATIC SPHERE

Q CELLS Malaysia Factory Gets Awarded

Q CELLS Malaysia factory was awarded ‘Best CSR Company Award’ at CSR forum hosted by the embassy of the Republic of Korea in Malaysia.  On August 8, this award recognized the factory for its contribution to the development of education in Malaysia and for the improvement of the working environment in the country. Q CELLS is one of the world’s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. Through its growing global business network spanning, the company provides excellent services and long-term partnership to its customers. This award as result for the substantial efforts they have put to improve the working environment in Malaysia. They accomplished this by enhancing the mutual communication between management and employees. Furthermore, they donated total 214 sets of school supplies package to four organizations in four regions – this to improve the students’ practical educational environment in Malaysia.

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Ukraine’s Antonov Receives Offer to Operate in Malaysia

In 2018, 11 aerospace projects with total investments of RM816.3 million were approved, generating 2,442 jobs. The offer was extended by Kedah Menteri Besar Datuk Seri Haji Mukhriz Tun Mahathir during his meeting with Ukrainian Ambassador to Malaysia, His Excellency Olexander Nechytaylo and Antonov’s representative in Penang on Thursday night. Antonov was established in Kyiv in 1946, and the company specialises in manufacturing cargo aircraft. The meeting was also attended by Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, Northern Corridor Implementation Authority Chief Executive Datuk Seri Jebasingam Issace John, Bernhard Schutte Chairman of TAPiO Management Advisory Sdn Bhd and KXP Airport City Holdings Sdn Bhd Chief Executive Officer Datuk Dr Ir. Annuar Saffar. Yang Berhormat Datuk Seri Mohamed Azmin Ali said the Ministry of Economic Affairs was looking forward to welcome foreign investments in the aerospace industry as a catalyst to generate high income jobs to develop the country’s capability in MRO and in manufacturing aircraft components.

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BUSINESS

Australia’s Expertise Can Help Improve Malaysian Value Chain

Australia’s expertise in knowledge-intensive sectors can help improve Malaysia’s value chain in critical industry segments, said Minister of International Trade and Industry (MITI), Datuk Darell Leiking. Minister Datuk Darell Leiking said Malaysia welcomes strategic collaborations between Australian and Malaysian companies, not only to move local companies up the value chain but also to continue making Malaysia a regional profit centre for quality investments. Malaysia’s long-term plans are not only for the people’s benefit but also to enhance the ease of doing business for investors. He told Bernama in an interview that we MITI continue to welcome quality investments into the country that will contribute towards enhancing Malaysia’s technological capabilities, developing the local supply chain and increasing our export revenue.

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Strategy Paper for Aerospace Industry to be Developed

The aerospace industry will be given priority under the 12th Malaysia Plan, with a special Technical Working Group (TWG) developing a five-year strategy paper. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali twitted that the TWG would involve industry players, the Aerospace Industry Association and relevant agencies. His Excellency said the ministry is confident goals set under the Malaysia Aerospace Industry Blueprint 2030 to generate an annual aerospace revenue of RM55.2 billion and create over 32,000 high income jobs in the country by 2030 is achievable.

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AUTOMOTIVE

Malaysia Launches Mass Market Car Project to Promote High-Tech Growth

Malaysia has launched a new mass market car project as part of its drive to promote the development and adoption of high technology, according to the company’s Prime Minister, Tun Dr. Mahathir Mohamad. The country, which has the third-largest economy in Southeast Asia is trying to encourage industry to take to use of advanced technology in order to spur productivity and offset the growing external risks due to increasing trade tensions between the United States and China. The new project is helmed by a private Malaysian firm called DreamEDGE, and will have a technical partnership with Japanese automotive firm, Daihatsu Motor Corp. Daihatsu Motor will be lending its expertise in the area of “advanced technology” but would not be an equity partner. According to the current timeline, the company will develop the first prototype in March 2020.

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