Malaysian Investment Development Authority (MIDA) released the Invest Malaysia e-Newsletter – a monthly industry update for global investors.

To read the full e-newsletter, please refer here: https://online.fliphtml5.com/ptxxo/oqwl/#p=1

HAPPY NEW YEAR!

We would like to wish all our members, friends and connections a happy New Year! May the new year bring you happiness, peace and success. Cheers to another year!

In its second year of operation, the Modernisation Fund has disbursed a total of €4.11 billion in support of 61 projects in eight beneficiary countries. These projects will help modernise energy systems, reduce greenhouse gas emissions in energy, industry, transport and agriculture, and improve energy efficiency. Supporting these investments will help those Member States to meet their 2030 climate and energy targets and accelerate the EU's green transition.

Disbursements were made this year to Croatia (€119.8 million), Czechia (€1.34 billion), Estonia (€62.4 million), Hungary (€74.3 million), Lithuania (€85 million), Poland (€643.2 million), Romania (€1.39 billion), and Slovakia (€399.5 million). In June, €2.4 billion was already disbursed to support 45 investment proposals, and this is now complemented by a €1.71 billion disbursement today to back 16 more investment proposals.

This year, the 61 investment proposals selected under the Modernisation Fund focus on electricity generation from renewables, modernisation of energy networks and energy efficiency in the energy sector, in industry, in buildings, and in transport, and the replacement of coal generation with lower carbon intensity fuel.

We would like to wish all our Slovenian members, friends and connections a happy Independence and Unity Day!

Dan samostojnosti in enotnosti

On behalf of our fellow member The Alice Smith School, we would like share Alice Smith’s First International Philanthropy Award.

The Alice Smith School Foundation wrapped up the year on a high note with the CASE Circle of Excellence Award, having won a Bronze Award in the category of targeted campaigns and appeals (COVID-related) for the #BuildKindness- Support the Urban Poor fundraising campaign, benefitting Kechara Soup Kitchen Malaysia. Alice Smith is the only school to receive recognition in this category alongside reputable universities worldwide.

To create higher awareness in our community on the need to help eradicate poverty and support this vulnerable community during the pandemic, the #BuildKindness campaign was launched. In partnership with Kechara Soup Kitchen Malaysia (KSK), the goal was to support 25 urban poor families of KSK with food sustenance for a year.