As a progressive, business-friendly hub in the heart of Asia, Malaysia has established itself as a global player in bioeconomy, offering generous tax incentives for investors, technically-skilled workforce, specialized infrastructure and abundant natural biological resources to the flourishing bioeconomy ecosystem.
“Malaysia is on track to create a bioeconomy hub in the Asia Pacific. The nation’s Bioeconomy Transformation Programme (BTP) has reported approved investments exceeding USD 4.5 billion (RM14.5 billion) with over three U.S. companies selecting Malaysia as their RHQ for the Asia-Pacific region," stated Datuk Dr Mohd Nazlee Kamal, Chief Executive of the Malaysian Biotechnology Corporation (BiotechCorp) via a press statement released on Tuesday.
Incentives such as 100% tax exemption for 10 years and double deductions for Research and Development (R&D) spending for qualified companies undertaking value-added biotechnology and/or life sciences activities under the BioNexus programme have been introduced further creating a more attractive investment environment.
The on-going focus on high-skilled workers under the Economic Transformation Programme has also ensured a diverse pool of talent – engineers, biochemists, laboratory technicians, and scientists among them – are an integral part of the fast growing bioeconomy.
BiotechCorp has been the chief driver for the national biotechnology development, providing strategic direction and operational assistance for both the upstream and downstream businesses.
“Supported by cutting-edge technology, key component suppliers, medical equipment manufacturers and ready access to a technically skilled and educated workforce, Malaysia remains a preferred destination for biotechnology investments in the region," added Nazlee.
In 2013, the total investments of biotechnology companies in Malaysia were US$1.1 billion (RM35.44 billion), with the bioeconomy having created more than 83,000 direct and indirect jobs.
The Bioeconomy Transformation Programme by the Malaysian government aims to diversify and accelerate Malaysia’s capabilities in biotechnology.
Under the programme, the government is targeting investments amounting to USD16 billion (RM51.55 billion), creation of 170,000 new jobs and Gross National Income (GNI) of USD12 billion (RM38.66 billion) by 2020.
Malaysia’s diverse strengths and capabilities in the agro, healthcare and industrial sectors of biotechnology will be on full display at the annual BIO International Convention 2014 (BIO), as Malaysian Biotechnology Corporation (BiotechCorp), continues its international profiling at the convention.
The convention will be held from June 23 to June 26 2014 in San Diego, California.
Izza Izelan
Tue Jun 17 2014
Malaysian Biotechnology Corporation
IShowSpeed tiba di KL, terima baju batik daripada peminat
Speed menerima hadiah daripada beberapa orang peminat Malaysia ketika kenderaannya berhenti di lampu isyarat di ibu negara pada Selasa,
Penyanyi Sean Diddy ditangakp di New York
Penerbit muzik terkenal, Puff Daddy atau lebih dikenali sebagai Sean Diddy Combs yang berdepan dengan beberapa tuduhan serangan seksual telah diberkas di Manhatann, New York oleh ejen persekutuan pada Isnin waktu tempatan.
10 maut, puluhan cedera bas Iran terbalik
Menurut angka awal, kemalangan itu mengakibatkan 10 maut dan 41 cedera.
Malaysia perlu melabur dalam infrastruktur
Pengarah Eksekutif Ukrainian Prism, Hennadiy Maksak berpandangan, Malaysia juga tidak boleh bergantung kepada satu laluan, selain menjalin hubungan yang baik dengan negara-negara jiran.
Lebih 1,000 rakyat termasuk pejuang Hezbollah cedera parah
Lebih seribu rakyat Lubnan termasuk anggota pejuang Hezbollah dan petugas perubatan cedera parah dalam satu letupan pada Selasa.
Tetingkap Tunggal Nasional memudahkan operasi perdagangan antara Malaysia dan China
Menteri Pelaburan, Perdagangan dan Industri (MITI), Tengku Datuk Seri Zafrul Tengku Abdul Aziz berpendapat inisiatif Tetingkap Tunggal Nasional (National single window) yang bakal diharmonikan Bersama system kastam China akan memudahkan operasi perniagaan dan perdagangan (ease of doing business) antara Malaysia dan China.
Medan selera perlu ditambah baik, kemudahan asas tidak lengkap
Air bergenang di lantai dan tempias sehingga meja makan mengakibatkan pengunjung basah. Itu situasi apabila keadaan hujan lebat di Medan Selera Taman Makmur di dalam Dewan Undangan Negeri (DUN) Mahkota yang menempatkan deretan 12 kedai makan.
Calon manfaat platform media sosial dekati pengundi luar
Kempen Pilihan Raya Kecil (PRK) Dewan Undangan Negeri (DUN) Mahkota turut memberi tumpuan kepada penggunaan media sosial bagi menambat hati pengundi luar selain kempen secara bersemuka.
Seorang wanita maut jatuh lubang saluran air
Seorang wanita maut selepas terjatuh ke dalam lubang saluran air sedalam dua meter ketika menyertai aktiviti mendaki di Bukit Cherok Tok Kun pada Selasa.
Kerja pembersihan sisa kimia dijalankan pada Selasa
Kerja-kerja pembersihan sisa bahan kimia yang dibuang secara haram di Kawasan Perindustrian Tiong Nam dan Kawasan Perindustrian Tropika, Johor bermula pada Selasa.