MONEY MASTER

Record-High RM163.6 Billion Poured into Malaysia’s Digital Sector Digital investments in Malaysia more than tripled to RM163.6 billion in 2024 , up from RM46.8 billion in 2023. Government's push into AI and advanced computing  played a key role in attracting capital. Malaysia Digital Economy Corporation (MDEC)  led efforts in collaboration with other government agencies. Data Centres and Cloud Infrastructure Dominate Investment Landscape 76.8% of total approved digital investments went into data centres and cloud infrastructure . Malaysia has  established a Data Centre Task Force  to ensure growth aligns with sustainability goals. Foreign Direct Investment (FDI) Breakdown Singapore : RM57 billion (largest contributor). United States : RM23 billion. China : RM12 billion. Australia : RM2.6 billion. India : RM2 billion. Domestic Direct Investments Concentrated in Klang Valley Klang Valley : RM136 billion. Johor : RM22 billion. Penang : RM3 billion. Sabah : RM423 million...

  Several Chinese companies are in discussions with Malaysian authorities regarding potential investments in Perlis, particularly in the Chuping area near Padang Besar, according to the Malaysian Investment Development Board’s ( MIDA ) Kedah and Perlis director, Mohd Rushdan Mohd Ghazali . The proposed investments are expected to focus on the electric vehicle (EV) industry. "These potential new investments in Perlis may take time. We cannot estimate when Perlis will receive the investments because it is still in negotiations," Mohd Rushdan mentioned during a MIDA dialogue session with the Perlis Tiong Hwa Chamber of Commerce and Industry . He noted that the Chuping Valley Industrial Area is centered around four key clusters: the green industry, halal industry (including pharmaceuticals), EVs, and renewable energy . Additionally, Mohd Rushdan highlighted that many companies, particularly from China, are also looking at Kulim and Sungai Petani in Kedah for investments in the...

Highlights 2016 OTC Asia event. Yesterday, we attended the forum led by MIDA discussing the Malaysian O&G industry. The event, hosted by Y. Bhg. Datuk N. Rejendran (MIDA Deputy CEO, was joined by several speakers namely: Mr. Adif Zulkifli (SVP of Petronas Corporate Strategy), Mr. Maen Razouqi (Schlumberger VP & GM), Mr. Douglas Bruce Moody II (FMC GM) and Mr. Craig McMahon (Wood Mckenzie Asia Pacific Head of Research). Readjustment to the new norm. In essence, most of the major players in the industry have accepted the new norm of low oil prices whereby exuberance is no longer tolerable and are taking multiple initiatives to optimize their cost structures. Petronas has launched Coral 2.0 initiative to save costs and improve efficiencies. Schlumberger, on the other hand, has looked at further optimization in its business involving reduction of Non Performing Time (NPT) through widening scope of work on per staff basis. This is in line with staff cuts, margin shrinkage an...