Latest news with #SikhShamsulIbrahimSikhAbdulMajid
The Sun
5 days ago
- Business
- The Sun
CGS, CGS International sign pacts for Asean-China business partnerships at Asean Business Forum 2025
KUALA LUMPUR: China Galaxy Securities Co Ltd (CGS) and CGS International Securities Group signed five strategic memorandums of understanding (MoUs) and one letter of intent (LoI), with top corporations, development partners and investment managers across Asean and China on May 29. These landmark agreements were signed at the inaugural Asean Business Forum 2025 (ABF2025) and witnessed by Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid on behalf of Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Securities Commission Malaysia (SC) executive chairman Datuk Mohammad Faiz Azmi, Asean Business Advisory Council (Asean-BAC) Malaysia chairman Tan Sri Nazir Razak and CGS chairman Wang Sheng. They aim to promote the growth of the Asean region as an integrated and cohesive regional economic powerhouse, deepen cross-border collaboration and accelerate capital flows across high-growth sectors. The signings reflect growing confidence in Asean's long-term growth prospects and the role of Malaysia – under its Asean chairmanship – to facilitate China-Asean and intra-Asean business and capital flows. Spanning access, private equity and investment in solutions for technology, healthcare, industrial development, investment promotion and wealth management family-office facilitation, the agreements reflect CGS and CGS International's broader mission and capability to bridge capital and opportunities within the region. These signings also build on their commitment made during the Johor-Singapore Special Economic Zone Partners' Dialogue on May 19, where CGS International committed to a target of RM6 billion – comprising RM3 billion in facilitation of foreign direct investment within three years and RM3 billion in assets under management in the establishment of single family office ventures. The signing parties and scope of partnerships of the LoI and the MoUs signed by CGS and CGS International include: • LoI for China-Asean Investment Programme – Establish a private equity fund to invest in high growth sectors such as healthcare/medical devices, semiconductor, advanced manufacturing, renewable energy, agriculture/food security and consumers throughout Asean with Malaysia as a key regional anchor and to facilitate the transfer of industry knowledge and technology from China to Asean. ARROW -- MoU with Mida to jointly promote Malaysia as an investment hub, support investor facilitation and collaborate on fundraising, business matching and supply chain development for high-value industries. ARROW -- MoU with Fullgoal Asset Management (HK) Limited (Fullgoal HK) and Bursa Malaysia Bhd. Fullgoal HK and CGS International will jointly list exchange-traded funds on Bursa Malaysia, with the aim to provide Malaysian investors with access to a wider range of investment options, and exposure to global markets. ARROW -- MoU with GL Capital Management Limited to jintly establish a closed-end private equity fund dedicated to healthcare/medical devices sector in Asean to tap its high growth opportunities. ARROW -- MoU with OCBC Bank (Malaysia) Bhd to jointly facilitate China and Asean trade and investment flows by supporting regional clients with banking, treasury and investment banking services. ARROW -- MoU with Zhongguancun International Holding Limited (Hong Kong) to facilitate the entry of Chinese companies in the sectors of advanced manufacturing, digital technology, food security and healthcare, into the Johor-Singapore Special Economic Zone and selected Malaysian industrial parks. CGS International Group CEO Carol Fong, said: 'These signings are more than just intents and agreements – they signify our strong confidence in the investment and growth potential of Asean and Malaysia. CGS International is proud to play the role of connector and catalyst, and to leverage our wider Asean presence and Chinese parentage to help our clients and partners accelerate cross-border strategic collaborations, capital and talent mobility for business growth.' ABF2025 was co-organised with Asean-BAC Malaysia and Mida, supported by partners MBSB and OCBC Malaysia. The forum was held in conjunction with the 46th Asean Summit 2025 and Sean-GCC+China Summit 2025. Over 500 regional policymakers, investors and corporate leaders attended the full-day event which featured strategic panels, high-level keynotes, and closed-door business matchmaking.
The Sun
5 days ago
- Business
- The Sun
CGS , CGS International sign pacts for Asean-China business partnerships at Asean Business Forum 2025
KUALA LUMPUR: China Galaxy Securities Co Ltd (CGS) and CGS International Securities Group signed five strategic memorandums of understanding (MoUs) and one letter of intent (LoI), with top corporations, development partners and investment managers across Asean and China on May 29. These landmark agreements were signed at the inaugural Asean Business Forum 2025 (ABF2025) and witnessed by Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid on behalf of Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Securities Commission Malaysia (SC) executive chairman Datuk Mohammad Faiz Azmi, Asean Business Advisory Council (Asean-BAC) Malaysia chairman Tan Sri Nazir Razak and CGS chairman Wang Sheng. They aim to promote the growth of the Asean region as an integrated and cohesive regional economic powerhouse, deepen cross-border collaboration and accelerate capital flows across high-growth sectors. The signings reflect growing confidence in Asean's long-term growth prospects and the role of Malaysia – under its Asean chairmanship – to facilitate China-Asean and intra-Asean business and capital flows. Spanning access, private equity and investment in solutions for technology, healthcare, industrial development, investment promotion and wealth management family-office facilitation, the agreements reflect CGS and CGS International's broader mission and capability to bridge capital and opportunities within the region. These signings also build on their commitment made during the Johor-Singapore Special Economic Zone Partners' Dialogue on May 19, where CGS International committed to a target of RM6 billion – comprising RM3 billion in facilitation of foreign direct investment within three years and RM3 billion in assets under management in the establishment of single family office ventures. The signing parties and scope of partnerships of the LoI and the MoUs signed by CGS and CGS International include: • LoI for China-Asean Investment Programme – Establish a private equity fund to invest in high growth sectors such as healthcare/medical devices, semiconductor, advanced manufacturing, renewable energy, agriculture/food security and consumers throughout Asean with Malaysia as a key regional anchor and to facilitate the transfer of industry knowledge and technology from China to Asean. ARROW -- MoU with Mida to jointly promote Malaysia as an investment hub, support investor facilitation and collaborate on fundraising, business matching and supply chain development for high-value industries. ARROW -- MoU with Fullgoal Asset Management (HK) Limited (Fullgoal HK) and Bursa Malaysia Bhd. Fullgoal HK and CGS International will jointly list exchange-traded funds on Bursa Malaysia, with the aim to provide Malaysian investors with access to a wider range of investment options, and exposure to global markets. ARROW -- MoU with GL Capital Management Limited to jintly establish a closed-end private equity fund dedicated to healthcare/medical devices sector in Asean to tap its high growth opportunities. ARROW -- MoU with OCBC Bank (Malaysia) Bhd to jointly facilitate China and Asean trade and investment flows by supporting regional clients with banking, treasury and investment banking services. ARROW -- MoU with Zhongguancun International Holding Limited (Hong Kong) to facilitate the entry of Chinese companies in the sectors of advanced manufacturing, digital technology, food security and healthcare, into the Johor-Singapore Special Economic Zone and selected Malaysian industrial parks. CGS International Group CEO Carol Fong, said: 'These signings are more than just intents and agreements – they signify our strong confidence in the investment and growth potential of Asean and Malaysia. CGS International is proud to play the role of connector and catalyst, and to leverage our wider Asean presence and Chinese parentage to help our clients and partners accelerate cross-border strategic collaborations, capital and talent mobility for business growth.' ABF2025 was co-organised with Asean-BAC Malaysia and Mida, supported by partners MBSB and OCBC Malaysia. The forum was held in conjunction with the 46th Asean Summit 2025 and Sean-GCC+China Summit 2025. Over 500 regional policymakers, investors and corporate leaders attended the full-day event which featured strategic panels, high-level keynotes, and closed-door business matchmaking.
New Straits Times
5 days ago
- Business
- New Straits Times
Malaysia secures RM4.7bil in investment leads from Japan at Osaka Expo
KUALA LUMPUR: Malaysia has secured RM4.68 billion in potential investment leads from Japan through a recent mission tied to Expo 2025 Osaka, according to the Malaysian Investment Development Authority (Mida). The leads, secured through engagements in Kyoto, Kobe, Osaka and Tokyo, make up nearly 57 per cent of the RM7.39 billion in total potential investments linked to Malaysia's presence at the expo so far. "This achievement reflects the strength of Malaysia's investment proposition and the strategic trust placed in us by Japanese partners," Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said in a statement. He said Mida would continue to facilitate high-quality investments aligned with national priorities in clean energy, innovation and sustainability. The investment promotion effort included one-on-one meetings with Japanese companies and a seminar in Osaka highlighting opportunities in green and high-value sectors. Investment, Trade and Industry Deputy Minister Liew Chin Tong, who officiated the Malaysia Pavilion, said the Expo is a platform to demonstrate the country's positioning as a "future-ready, innovation-driven and sustainability-conscious partner." A key outcome so far is the signing of a memorandum of understanding between Sarawak Energy Bhd and the Japan Bank for International Cooperation to advance clean energy collaboration. The Malaysia pavilion, expected to host over 150 business engagements during the six-month expo, is part of the government's broader strategy to generate RM13 billion in investment and trade outcomes.
The Sun
21-05-2025
- Business
- The Sun
MIDA introduces two programmes at SEMICON SEA 2025 to boost international partnerships
KUALA LUMPUR: Malaysia Investment Development Authority (MIDA) introduced two strategic programmes at SEMICON South East Asia (SEA) 2025 to accelerate industry growth and foster international partnerships. According to MIDA, the two strategic programmes, namely the Supply Chain Programme and Handshake Session, emerged as cornerstone events, including participation from industry giants such as Micron Technology Inc., ASML Holding NV and Ferrotec Holdings Corporation. It said the sessions created direct pathways for Malaysian suppliers to integrate into global supply chains, targeting high-value semiconductor activities -- positioning Malaysia as a key player in the international market. Last year, Malaysia secured RM120.5 billion of manufacturing investments, with RM55.8 billion dedicated to the electrical and electronics (E&E) sector, creating 88,000 new high-skilled jobs that signal robust growth in the technology sector. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the success in attracting investments demonstrates global confidence in Malaysia's semiconductor ecosystem. 'This isn't just about numbers – it's about building a sustainable future. Our National Semiconductor Strategy (NSS) is transforming Malaysia into a comprehensive semiconductor hub, from design and manufacturing to testing and packaging. 'We're seeing interest from global players who recognise our unique value proposition, a skilled workforce, robust infrastructure, and unwavering government support,' he said in a statement today. Additionally, Sikh Shamsul said MIDA's Supply Chain Programme and Handshake Session are prime examples of how Malaysia facilitate meaningful connections and drives industry growth. At the Supply Change Programme, Malaysian participants are offered valuable knowledge about global standards and integration opportunities, while the Handshake Session facilitates direct discussions between international leaders and local stakeholders. The engagement with industry leaders at SEMICON SEA 2025 is part of the national push under the NSS, which is the strategic roadmap to advance critical segments of the semiconductor value chain, including chip design, wafer fabrication, advanced packaging and speciality chemicals. The NSS reflects Malaysia's ambition to transition from a traditional manufacturing base into a regional hub for innovation, co-creation, and semiconductor excellence. SEMICON SEA 2025 runs from May 20 to 22, 2025, at the Sands Expo and Convention Centre, Singapore, under the theme 'Stronger Together – Collaborating to Navigate Uncertainties and Fostering Resilience'.
The Sun
21-05-2025
- Business
- The Sun
MIDA unveils programmes to strengthen semiconductor sector
KUALA LUMPUR: Malaysia Investment Development Authority (MIDA) introduced two strategic programmes at SEMICON South East Asia (SEA) 2025 to accelerate industry growth and foster international partnerships. According to MIDA, the two strategic programmes, namely the Supply Chain Programme and Handshake Session, emerged as cornerstone events, including participation from industry giants such as Micron Technology Inc., ASML Holding NV and Ferrotec Holdings Corporation. It said the sessions created direct pathways for Malaysian suppliers to integrate into global supply chains, targeting high-value semiconductor activities -- positioning Malaysia as a key player in the international market. Last year, Malaysia secured RM120.5 billion of manufacturing investments, with RM55.8 billion dedicated to the electrical and electronics (E&E) sector, creating 88,000 new high-skilled jobs that signal robust growth in the technology sector. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the success in attracting investments demonstrates global confidence in Malaysia's semiconductor ecosystem. 'This isn't just about numbers – it's about building a sustainable future. Our National Semiconductor Strategy (NSS) is transforming Malaysia into a comprehensive semiconductor hub, from design and manufacturing to testing and packaging. 'We're seeing interest from global players who recognise our unique value proposition, a skilled workforce, robust infrastructure, and unwavering government support,' he said in a statement today. Additionally, Sikh Shamsul said MIDA's Supply Chain Programme and Handshake Session are prime examples of how Malaysia facilitate meaningful connections and drives industry growth. At the Supply Change Programme, Malaysian participants are offered valuable knowledge about global standards and integration opportunities, while the Handshake Session facilitates direct discussions between international leaders and local stakeholders. The engagement with industry leaders at SEMICON SEA 2025 is part of the national push under the NSS, which is the strategic roadmap to advance critical segments of the semiconductor value chain, including chip design, wafer fabrication, advanced packaging and speciality chemicals. The NSS reflects Malaysia's ambition to transition from a traditional manufacturing base into a regional hub for innovation, co-creation, and semiconductor excellence. SEMICON SEA 2025 runs from May 20 to 22, 2025, at the Sands Expo and Convention Centre, Singapore, under the theme 'Stronger Together – Collaborating to Navigate Uncertainties and Fostering Resilience'.
