{"id":40269,"date":"2018-04-06T01:00:35","date_gmt":"2018-04-05T17:00:35","guid":{"rendered":"https:\/\/investpenang.gov.my\/mida-on-track-to-hit-rm200bil-target-for-2018\/"},"modified":"2025-11-28T17:03:15","modified_gmt":"2025-11-28T09:03:15","slug":"mida-on-track-to-hit-rm200bil-target-for-2018","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/mida-on-track-to-hit-rm200bil-target-for-2018\/","title":{"rendered":"Mida on track to hit RM200bil target for 2018"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Mida on track to hit RM200bil target for 2018<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

6 April 2018<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”29348″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]GEORGE TOWN:\u00a0The Malaysian Investment Development Authority (Mida) aims to achieve 50% of the targeted RM200bil investments for 2018 by the middle of the year.<\/p>\n

Chief executive officer Datuk Azman Mahmud (pic<\/em>) said to be on track to achieve the RM200bil target, Mida would need to rope in 50% by the middle of 2018.<\/p>\n

\u201cUntil February, some RM80bil is being evaluated for approval. We are cautiously optimistic of achieving the RM200bil due to the ongoing trade war between China and the United States.<\/strong><\/p>\n

\u201cThere could be some impact on investments coming into Malaysia which we don\u2019t know yet,\u201d said Azman, who was speaking at the opening of the RM36mil Tactilis plant in Bayan Lepas.<\/p>\n

<\/div>\n

Also present was Tactilis founder and CEO Michael Gardiner.<\/p>\n

Azman said some of the investment that needed to be approved was from the mechanical, electronics, aerospace, medical device and pharmaceutical industries.<\/p>\n

\u201cThe investments are from countries like Japan, the United States and Singapore,\u201d he added.<\/p>\n

In 2017, Malaysia approved RM197.1bil investments, which would generate some 139,520 jobs for the country.<\/p>\n

Meanwhile, Gardiner said the company had the capacity to produce five million pieces of biometric smartcards annually.<\/p>\n

\u201cThey are shipped to the United States, Middle East and Europe,\u201d he said.<\/p>\n

Gardiner added that the company would spend RM40mil more for the expansion of the plant.<\/p>\n

\u201cWe have 90 workers now. There will be 100 more job opportunities when the expansion starts,\u201d he said.<\/p>\n

He added that Penang was chosen because of its strong eco-system supporting the semiconductor, electronics, test-equipment and precision-tooling industries.<\/p>\n

Source:\u00a0The Star<\/a><\/p>\n

Photo Source: MIDA[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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April \u201818<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":2,"featured_media":29348,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[272],"news_month":[222],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/40269"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=40269"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/40269\/revisions"}],"predecessor-version":[{"id":40271,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/40269\/revisions\/40271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/29348"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=40269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=40269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=40269"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=40269"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=40269"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=40269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}