Mida positive on R&D investment outlook

Meanwhile, citing the 2020 edition of the Global Innovation Index (GII), Arham said that Malaysia ranked second among the top three innovation economies in the upper middle income group while, overall, the country achieved 33rd placing. “This has put Malaysia ahead of all its Asean peers, second only to Singapore, and Malaysia is tops in high-tech net exports globally, ” he added.

KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) is maintaining a positive outlook on research and development (R&D) investments in line with the cautiously optimistic investment climate at present amid the Covid-19 pandemic, said chief executive officer Arham Abdul Rahman.(pic)

He said that R&D investments are a strategic cornerstone for companies to grow and thrive in both good and bad economic times, and that by continuing to invest in R&D, companies will be better prepared to face the recovery phase of a crisis.