PM says govt, industry, stakeholders must join hands to shape Malaysia’s economic future

Manufacturers’ group hails lower rate as timely, especially amid global market uncertainty.

KUALA LUMPUR, June 25 — The Employees Provident Fund (EPF) will implement mandatory contributions for non-Malaysian workers starting this October, as part of efforts to strengthen social protection and promote fairer employment practices in line with international standards.

PUTRAJAYA, April 9 — Prime Minister Datuk Seri Anwar Ibrahim has instructed the Human Resources Ministry (MOHR) to obtain a complete list of factories and companies affected by the gas pipeline disaster in Putra Heights, Subang Jaya, from the Investment, Trade, and Industry Ministry (Miti).

KUALA LUMPUR, April 5 — The gas pipeline fire incident at Putra Heights has significantly impacted the operations of approximately 200 industrial facilities in the Klang Valley, spanning various manufacturing sub-sectors and company sizes.

KUALA LUMPUR, March 12 — Industry leaders welcomed the passing of the Employees Provident Fund (EPF) (Amendment) Bill 2025, hailing it as a balanced approach that strengthens social security while ensuring business sustainability.

SUNGAI BULOH, March 11 — Bank Negara Malaysia’s decision to leave the overnight policy rate (OPR) unchanged benefits the manufacturing sector and other industries as it helps to contain costs, said the Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai.

SUNGAI BULOH, March 11 — The Federation of Malaysian Manufacturers (FMM) said the country’s manufacturing sector is expected to grow moderately in the first half of 2024 (1H2024) amid improving economic conditions.

KUALA LUMPUR, Feb 21 — The Federation of Malaysian Manufacturers (FMM) has re-elected Tan Sri Soh Thian Lai as president in the FMM’s new council line-up for the 2024-2025 term.

KUALA LUMPUR, Jan 15 — The Federation of Malaysian Manufacturers (FMM) has called upon Malaysian shippers to brace for prolonged disruptions in the Red Sea, following the escalating security crisis unfolding in the region which has forced shipping firms to divert vessels to a much longer route.

KUALA LUMPUR, Nov 3 — The Ministry of Investment, Trade and Industry (Miti) expects foreign direct investment (FDI) from Japan to exceed RM30 billion this year, buoyed by continuous support from Japanese companies.

KUALA LUMPUR, Oct 25 — The Investment, Trade and Industry Ministry (MITI) expects foreign direct investment (FDI) from Japan to exceed US$30 billion this year, buoyed by continuous support from the Japanese companies.

KUALA LUMPUR, Oct 14 — The Federation of Malaysian Manufacturers (FMM) is optimistic the RM200 million allocation in Budget 2024 as the initial fund to drive the New Industrial Masterplan 2030 (NIMP2030) would elevate the sector as the country’s engine of new growth.

KUALA LUMPUR, Sept 11 — The Federation of Malaysian Manufacturers (FMM) said the country’s manufacturing sector slowed down further in the first half of 2023 (1H2023) and with the global economy tilted towards the downside, the sector’s outlook for the 2H2023 remains cautious.

KUALA LUMPUR, Aug 14 — The Federation of Malaysian Manufacturers (FMM) has urged the government to set up a Madani council and an inter-ministry and private sector joint steering committee to enhance stronger collaboration and a shared sense of responsibility among the private and public sector and stakeholders.

KUALA LUMPUR, June 24 — The Federation of Malaysian Manufacturers (FMM) welcomes the government's latest initiative to encourage renewable energy (RE) installation and hopes they will facilitate businesses in complying with the European Union (EU) Carbon Border Adjustment Mechanism (CBAM) regularisation, said its president Tan Sri Soh Thian Lai.

KUALA LUMPUR, May 24 — The Federation of Malaysian Manufacturers (FMM) has urged the government to address the fragmentation and duplication of programmes and initiatives to support its fiscal consolidation initiatives aimed at reducing the fiscal deficit.

KUALA LUMPUR, April 26 — The Federation of Malaysian Manufacturers (FMM) will work with the China Council for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce (CCOIC) to bolster business relationships and cooperation between Malaysia and China.

KUALA LUMPUR, April 11 — The freezing of foreign workers’ applications would affect the country’s productivity and gross domestic products, the Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai said.

PUTRAJAYA, March 30 — The Ministry of Human Resources (KSM) needs to wait and check whether the number of foreign workers brought into Malaysia is sufficient before resuming the previously suspended quota applications and approval, said its minister V.