Malaysian Global Innovation & Creativity Centre (MaGIC) together with its partners are the pioneers behind Malaysia’s Social Inclusion & VIbrant Entrepreneurship (MasSIVE) movement. This movement aims to propel the aspiration of the Social Enterprise Blueprint, drive systemic change in the sector locally, create an enabling ecosystem and champion the impact driven enterprise (IDE) movement regionally.

MasSIVE’s inception was during the 2018 Budget announcement in which Prime Minister Datuk Seri Najib Tun Razak allocated a portion of the Budget to cultivate impact driven enterprises that are vibrant and able to drive inclusive economic growth. MaGIC is partnering with Impact4Humanity, iM4U, myHarapan, Agensi Inovasi Malaysia (AIM), Yayasan Hasanah, eFM, and ngohub.asia to lay the foundation of MasSIVE.

The commodity sector remains the largest net exporter, recording a trade balance of RM100.8 billion last year compared with electrical and electronics RM90.1 billion and petroleum and gas RM36 billion, said the Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong.

In 2017, exports of commodity sector in 2017 recorded the highest peak since 2011 (RM141.1 billion) where total export earnings of commodity products amounted to RM140.3 billion or 15% of Malaysia’s total merchandise export, 14.4% higher than RM122.6 billion in 2016.

As at September 2017, a total of 292 manufacturing projects have been approved in Kelantan with investments worth RM6.48 billion. Majority of these investments or 78% (RM5.04 billion) were from domestic sources, while the rest were from foreign sources. These projects have created over 38,500 job opportunities, mainly in the non-metallic mineral products, electrical & electronic products, wood and wood products, food manufacturing, machinery and equipment and basic metal products.

Kelantan is one of Malaysia’s vibrant destinations for investments, driven mainly in the services and agriculture sectors. Although the state is not usually associated with large scale industrial enterprises, the manufacturing sector continues to play a significant role in the overall state development, particularly in providing jobs and entrepreneurial opportunities towards increasing the living standards of people in Kelantan,” said Arham Abd. Rahman, Executive Director of Investment Promotion, Malaysian Investment Development Authority (MIDA) at MIDA Invest Series: “Unfolding States’ Business Potential” held yesterday at its HQ.