The Malaysian economy expanded by 7.2% in 2010 -- a clear sign that the country has emerged from the global economic crisis. According to the Central Bank of Malaysia, the country’s GDP is expected to grow in the region of 7% in 2011. The total Foreign Direct Investments (FDI) has also hit a high of US$15.6 billion (RM47.2 billion) in 2010, mainly in the manufacturing sector with a total of 910 approved projects.
Aimed at turning Malaysia into a high-income nation status by 2020, the Government recently announced 12 New Key Economic Areas (NKEAs) under the 10th Malaysia Plan as drivers of economic activities. Among them, the Oil, Gas and Energy, Palm Oil, Electrical and Electronics, Education and Healthcare will certainly contribute to a greater demand for world-class laboratory facilities, especially since these sectors are forced to compete with other global producers to maintain a strong market share.
With pressures arising from rapid globalization, local Small and Medium Enterprises (SMEs), which used to depend mainly on foreign technologies in the past, are now setting up their in-house laboratories, to drive their research and development activities in an effort to produce new and innovative solutions that help them to stay ahead of the competition.
To further boost the demands for laboratory equipment, numerous incentives are given to these facilities. This includes an Income Tax Allowance of 50% of the qualifying capital expenditure incurred within ten years under the Promotion of Investments Act 1986. The company can also offset the allowance against 70% (100% for promoted areas) of its statutory income for each year of assessment, with its unutilized allowances carried forward to subsequent years until fully utilized.
Besides the Government’s own initiatives in R&D through its agencies such as MARDI (agriculture), SIRIM (standards), RRI (rubber), PORIM (palm oil) and FRIM (wood and forestry), a total of US$3.97 billion (RM12 billion) has been earmarked to boost R&D and commercialization of science and technology in four research universities: Universiti Sains Malaysia, Universiti Kebangsaan Malaysia, Universiti Malaya and Universiti Putra Malaysia
In the Electrical and Electronics (E&E) sector, Malaysia is one of the five largest exporters in the world. These E&E industry players have the financial muscles, not only to set up new world class laboratories but also enhance its present facilities to support its R&D and Quality Assurance work – in order for them to continue to innovate and stay ahead of their competitors worldwide.
Palm oil, the country’s fourth largest contributor to the national GDP, accounts for US$17.5 billion (RM53 billion) of gross national income, and is expected to triple to US$58.9 billion (RM178 billion) by 2020. There is pressure to boost the efficiency in production and focus on providing great value through downstream activities, which requires a stronger push for R&D.
The biotechnology sector also saw an average growth of 162% with investments amounting to US$930 million (RM2.9 billion), and since the introduction of the National Biotechnology Policy five years ago, 158 companies have been awarded the BioNexus status with a total approved investment of US$500 million (RM1.5 billion).
Moving ahead, pathology laboratories in the country have reached the level of excellence where they are now ready to capture a chunk of the global diagnostics services market of more than US$1 billion (RM3.02 billion) by taking on laboratory testing of pathology samples from the developed nations.
There is also plan to increase diversification of the energy industry, where now there is a greater emphasis on increasing exploration for new oil and gas resources, enhancing production from known reserves, and encouraging the use of alternative energy source such as nuclear, solar, and hydro-electric.
Against the backdrop of all these developments, there are new and exciting opportunities for laboratory equipment and instrumentation suppliers, for which the m-Lab 2012 is an excellent platform for buyers and sellers to meet.
- It’s a highly focused exhibition on laboratory instrumentation and services bringing key decision makers and users from the manufacturers and R&D Centers
- A perfect promotional platform to market your solutions to manufacturers and R&D Centers.
- A prime platform to reinforce your leading position or to make a major inroad into this huge and growing market.
- It’s a perfectly timed event to ride on the growth path of the country’s GDP
- It only happens once in two years to cater to new clients and those looking to upgrade their facilities.
All set under one roof at one of Asia’s most modern meeting place – the Kuala Lumpur Convention Centre – the eleventh edition of the m-Lab 2012 will be where the excitement begins. Exciting, because in the past ten exhibitions, contracts worth hundreds of millions of Ringgit have been inked! It will be a great event that you would not want to miss! After all, who would miss such a great opportunity?
Location of strategic booths is subject to availability on first-come-first-serve basis. So, be quick to register NOW!
Apparatus, Analyzers, Autocaves, Balances, Biotechnology Equipment, Calorimeters, Cell Counters, Chromatographs, Circulators, Clean Room, Computer Systems & Softwares, Conductivity Equipment, Distillers, Filtration Equipment, Furnaces, Heating Systems, Humidity Meters, Incubators, Laboratory Automation, Laboratory Wares, Microscopes, Monitors & Controllers, Oil Bath, Oscilloscopes, Particles Counters, Pipettes, Pumps, pH Instruments, Spectrometers, Ultrasonic Instruments, Water Purification Equipment & more...