Latest news with #FTZ
The Sun
15 hours ago
- Business
- The Sun
Negeri Sembilan attracts biotechnology investors from China
PETALING JAYA: Negeri Sembilan remains a preferred destination for foreign investors in the biotechnology sector, with several companies from China expressing interest in investing in the state. Menteri Besar Datuk Seri Aminuddin Harun said that several Chinese biotechnology entrepreneurs and investors showed interest in investing in the state during a recent visit by the state government to China. He highlighted that several biotechnology investors and entrepreneurs have expressed a desire to relocate their operations to Negeri Sembilan and have requested that the state government allocate a dedicated area for this purpose. 'Discussions are ongoing between the state government and the interested companies and investors. We have identified a suitable site in Bandar Ensterk for developing this biotechnology segment. 'In collaboration with the Pilgrims Fund Board or Lembaga Tabung Haji, Negeri Sembilan will provide an area of approximately 161.88 hectares (ha) to host the project,' he told reporters after delivering his speech at the MIDF Lunch Talk, Negeri Sembilan: The Next Smart Frontier. Aminuddin added that once an agreement is reached with the investors, construction work will commence as soon as possible and is expected to take place this year. Meanwhile, he said that the state government's plan to develop an artificial intelligence (AI) powered smart container port as a Free Trade Zone (FTZ) at Pasir Panjang, Port Dickson, will proceed once the land acquisition process is completed. In his speech, Aminuddin also mentioned that Negeri Sembilan is home to more than 500 foreign and local manufacturing companies, mostly concentrated in the Seremban district, specifically in Nilai, Senawang, Sendayan, and Enstek. He noted that among the multinational companies established in the state are Samsung SDI Energy Malaysia Sdn Bhd, Coca‑Cola Bottlers (Malaysia) Sdn Bhd, Dutch Lady Milk Industries Bhd, Ajinomoto (Malaysia) Bhd, and others. 'Besides contributing to the state's gross domestic product, the presence of these companies creates more quality job opportunities, strengthens the value chain, and generally boosts the state's economy. 'Furthermore, the presence of these multinational companies enhances the state's image, increasing the confidence of prospective investors from both within and outside the country,' he said. In this regard, the menteri besar stated that in 2024, Negeri Sembilan recorded approved investments amounting to RM7.25 billion, which is expected to create more than 4,600 job opportunities in the state. Aminuddin added that over the past five years (2019–2024), the top five countries contributing to foreign investment in Negeri Sembilan were South Korea with RM7.49 billion, followed by Sweden with RM5.06 billion, the Netherlands with RM2.38 billion, Singapore with RM2.38 billion, and Japan with RM1.66 billion.
The Sun
7 days ago
- Business
- The Sun
Sarawak plans free trade zone using Jebel Ali model
KUCHING: Sarawak has strong potential to become a regional trade hub through a more intensive implementation of the Free Trade Zone (FTZ) model, said Deputy Premier Datuk Amar Douglas Uggah Embas. Uggah who is also Minister for Infrastructure and Port Development said Sarawak can draw lessons from the success of Jebel Ali in the United Arab Emirates, where the integration of a modern port with a FTZ attracted over 11,000 companies worldwide and now contributes to 36 per cent of Dubai's GDP. He said that in a bid to emulate this success, the Sarawak government is now rolling out the Sarawak Ports Master Plan, a visionary initiative that seeks to transform the state's ports into engines of economic growth, making Sarawak the gateway to Borneo, the wider region and the global market. 'The plan aims to establish a modern, efficient and integrated port system that is internationally competitive and fully aligned with the state's Post COVID-19 Development Strategy (PCDS) 2030. 'The transformation will be driven by four key pillars: Streamlining governance; Modernising and developing port and FTZ infrastructure; Driving economic diversification; and Enhancing regional and global connectivity,' he said during the winding-up session for his ministry at the Sarawak State Legislative Assembly (DUN) sitting here today. Uggah said the Sarawak Ports Master Plan marks a historic first transformative initiative that positions Sarawak as a key player in global trade and logistics. 'More than just a development blueprint, it is a game changer for Sarawak's economic trajectory, laying the foundation for sustainable growth that goes beyond reliance on natural resources. 'By strengthening our port infrastructure and connectivity, we are creating new opportunities for businesses, empowering local industries, and opening Sarawak to the world,' he added.
The Sun
7 days ago
- Business
- The Sun
Sarawak plans to implement free trade zone, using Jebel Ali as success model
KUCHING: Sarawak has strong potential to become a regional trade hub through a more intensive implementation of the Free Trade Zone (FTZ) model, said Deputy Premier Datuk Amar Douglas Uggah Embas. Uggah who is also Minister for Infrastructure and Port Development said Sarawak can draw lessons from the success of Jebel Ali in the United Arab Emirates, where the integration of a modern port with a FTZ attracted over 11,000 companies worldwide and now contributes to 36 per cent of Dubai's GDP. He said that in a bid to emulate this success, the Sarawak government is now rolling out the Sarawak Ports Master Plan, a visionary initiative that seeks to transform the state's ports into engines of economic growth, making Sarawak the gateway to Borneo, the wider region and the global market. 'The plan aims to establish a modern, efficient and integrated port system that is internationally competitive and fully aligned with the state's Post COVID-19 Development Strategy (PCDS) 2030. 'The transformation will be driven by four key pillars: Streamlining governance; Modernising and developing port and FTZ infrastructure; Driving economic diversification; and Enhancing regional and global connectivity,' he said during the winding-up session for his ministry at the Sarawak State Legislative Assembly (DUN) sitting here today. Uggah said the Sarawak Ports Master Plan marks a historic first transformative initiative that positions Sarawak as a key player in global trade and logistics. 'More than just a development blueprint, it is a game changer for Sarawak's economic trajectory, laying the foundation for sustainable growth that goes beyond reliance on natural resources. 'By strengthening our port infrastructure and connectivity, we are creating new opportunities for businesses, empowering local industries, and opening Sarawak to the world,' he added.
Barnama
7 days ago
- Business
- Barnama
SARAWAK PLANS TO IMPLEMENT FREE TRADE ZONE, USING JEBEL ALI AS SUCCESS MODEL
KUCHING, May 28 (Bernama) -- Sarawak has strong potential to become a regional trade hub through a more intensive implementation of the Free Trade Zone (FTZ) model, said Deputy Premier Datuk Amar Douglas Uggah Embas. Uggah who is also Minister for Infrastructure and Port Development said Sarawak can draw lessons from the success of Jebel Ali in the United Arab Emirates, where the integration of a modern port with a FTZ attracted over 11,000 companies worldwide and now contributes to 36 per cent of Dubai's GDP. He said that in a bid to emulate this success, the Sarawak government is now rolling out the Sarawak Ports Master Plan, a visionary initiative that seeks to transform the state's ports into engines of economic growth, making Sarawak the gateway to Borneo, the wider region and the global market.
Yahoo
21-05-2025
- Business
- Yahoo
Vayan Group Expands Safe Launch, Controlled Shipping, and Off-Site Technical Center of Excellence Capabilities to Global Manufacturers, and Appoints Tony Moore as Chief Commercial Officer
STERLING HEIGHTS, Mich., May 21, 2025 /PRNewswire/ -- Vayan Group, LLC, the leader in intelligence-driven quality assurance for the manufacturing industry, has appointed Tony Moore as its new Chief Commercial Officer. Moore's appointment signals Vayan's continued focus on accelerating innovation, enhancing operations, and expanding its manufacturing customer base, which includes the automotive, aerospace, electronics, household appliance, medical, and transportation end markets. Moore's appointment comes as Vayan rapidly scales its offerings to meet growing demand for its Intelligence Driven Quality platform. With an emphasis on expanding Safe Launch, Controlled Shipping, and Free Trade Zone (FTZ) warehousing, Vayan is broadening its quality services across all manufacturing segments to address evolving demands and financial pressures across multiple industries. The company's new and existing service offerings enable manufacturers to offset operational risks and bring greater predictability to complex supply chains. Moore's background in bringing high-quality products and services to market aligns well with the execution of Vayan's strategic growth plan. Moore brings extensive expertise in scaling high-growth companies, particularly in the automotive sector. Most recently, he served as Chief Operating Officer at Stanadyne, a global Tier 1 supplier. He has also held key executive roles at Clarios, Stoneridge Incorporated, and Cooper Bussmann, along with original equipment (OE) leadership positions at DaimlerChrysler and Toyota. "We're thrilled to welcome Tony to the team," said Keith Buckley, CEO of Vayan Group. "His industry experience and leadership in driving customer value will be instrumental as we advance our mission of Intelligence Driven Quality Assurance." Vayan's organizational changes and product expansions further reinforce the company's 40-year commitment to delivering high-impact quality assurance solutions with industry-leading speed and precision. These include inspection, vehicle repair, yard management, battery services, engineering services, supplier development, and off-site technical centers of excellence, among other technology-enabled services. "I'm excited to join Vayan at such a pivotal moment," said Moore. "With a strong foundation of quality, inspection, technology, talent, and customers, we're well-positioned to elevate our impact across the manufacturing sector. The investments ahead will deliver even greater value to our customers, team, and partners." About Vayan Group Vayan Group is a leading provider of quality assurance solutions to the electric vehicle, automotive, aerospace, electronics, household appliance, medical, and transportation industries. The company ensures quality for many of the world's top manufacturers through its differentiated labor force, unique capabilities, and industry-leading technology. In a world where volatility is the new normal, Vayan's solutions serve as a stabilizing force—helping manufacturers anticipate challenges, protect production schedules, and safeguard brand reputations. Learn more: Media Contact: Shyna Zhang 2252811129 395453@ View original content to download multimedia: SOURCE Vayan Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
