17 Mar 2021 / 09:31 H.
PETALING JAYA: The Malaysian Investment Development Authority (Mida) and UMW Corp Sdn Bhd have entered into a memorandum of understanding (MoU) to further drive high-value quality investments into the country, by capitalising on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy.
In a joint statement, the parties said the investments include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development as well as industrial land development.
“The MoU will be a stepping stone to accelerate innovative and high-value industry stakeholders, including the UMW Group, to seize opportunities arising from the technology revolution in the new norm,” it said.
KUALA LUMPUR (March 16): UMW Holdings Bhd is teaming up with the Malaysian Investment Development Authority (MIDA) to further drive high-value quality investments into the country.
The group said its wholly-owned subsidiary UMW Corporation Sdn Bhd and MIDA will capitalise on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy.
These include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development, as well as industrial land development, the group said in a statement.
UMW added that the partnership will be a stepping stone to accelerate innovative and high-value industry stakeholders including the UMW Group, to seize opportunities arising from the technology revolution in the new norm.
Published on: Wednesday, March 03, 2021
By: Bernama
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Kuala Lumpur: China’s Nine Dragons Paper (Holdings) Limited, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin.
He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice.
“The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investment into Malaysia.
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“Hopefully, the country’s economy will continue to recover and become stronger,” he said in a Facebook post after receiving the company’s delegation represented by its chairman, Cheung Yan and deputy chief executive officer (CEO) Zhang Cheng Fei, here Tuesday.
China s Nine Dragons Paper investing RM5 4bil in Malaysia thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 2): China’s Nine Dragons Paper (Holdings) Ltd, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin.
He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice.
“The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investment into Malaysia. Hopefully, the country s economy will continue to recover and become stronger, he said in a Facebook post after receiving the company s delegation represented by its chairman Cheung Yan and deputy chief executive officer (CEO) Zhang Cheng Fei, here Tuesday.