Malaysian Investment Development Authority

On 31 Mac 2010, Malaysian Prime Minister has announce that Malaysian first point of contact to investor, Malaysian Industrial Development Authority (MIDA), an agency operate under Ministry of International Trade nad Industry (MITI) is announced to be corporatised and will be given more 'authority' to run the investment promotions activities. New name also has been suggested, Malaysian Investment Development Authority to stay with MIDA acronym.

With this exercise, MIDA will have more power to do promotion without to deal with lengthy bureaucracy processes. As corporate body, MIDA will have the capability move together with EDB of Singapore, BOI Thailand and others. The structure will be determine later and will be completed by end of year. With this announcement, MIDA will be more leaner and can deliver better performance.