Page 5 - AMMI Annual Report 2016

AMMI is also on the SME Corpora on Malaysia HIP On behalf of the Board of Directors, I would like thank
(High Impact Programme):5 Medical Device Steering all those who have supported our Associa on. The
Commi ee. The objec ve of the commi ee is to assist Associa on’s role and its contribu on to the
medical companies in cer fica on and regula on development of the medical devices industry is
support, marke ng strategy support, interna onal increasingly being recognised by government
partner search, technology roadmap development ministries and agencies such as Ministry of
and industry landscaping; and supply chain Interna onal Trade and Industry (MITI), Malaysian
management. Investment Development Authority (MIDA), Malaysia
External Trade Development Corpora on (MATRADE)
AMMI successfully organised 6 public training courses and SME Corpora on. AMMI will no doubt work hard
and trained 180 par cipants in 2016. We also with our key stakeholders and engage key decision
organised 2 HR Forums and Networking mee ngs this makers ensuring balanced policy advocacy.
year, in Penang and Kuala Lumpur. We are encouraged
by the increase in par cipa on in the HR forums and I would like to record my apprecia on to our members
hope more members will come forward to champion for their ac ve par cipa on at our mee ngs and
these forums, making them relevant and sustainable events. I am thankful to the Board of Directors for
pla orms for HR professionals. their valuable contribu on, advice and ac ve
engagement without which our Associa on would
MAIN CHALLENGES … not have progressed this far. Finally, my grateful
Besides fluctua on of currency, increase in labour thanks to the staff of Medsociate Sdn Bhd, our
cost and factors like natural gas price increase have Secretariat for rendering services professionally to the
accelerated the overall manufacturing cost. Shortage Associa on and to its members.
of skilled workforce and reten on of talent remain key
challenges in the industry. Another major challenge is
the limited access to the local public healthcare
system for our industry players.

LOOKING AHEAD…
Compe on from manufacturers in China, India and HITENDRA JOSHI
Vietnam will con nue to add pricing pressure to Chairman
medical device manufacturers in Malaysia. Despite a December 31, 2016
weaker ringgit and other extraneous factors that have
dampened the economic outlook of this country,
AMMI member companies remain bullish about
business prospects in 2017.

AMMI Annual Report 2016 3