Malaysian minister urges tech firms to expand locally
Amidst the surge of foreign investments in Malaysia’s digital economy, the government is keen to see more local technology companies expand their operations within the country, said Digital Minister Gobind Singh Deo.
Digital Minister Gobind Singh Deo (Photo: thestar)
Kuala Lumpur (VNA) - Amidst𒉰 the surge of foreign investments in Malaysia’s digital economy, the government is keen ওto see more local technology companies expand their operations within the country, said Digital Minister Gobind Singh Deo.
He recently told the press that one significant effort in the direction is the Gateway, Amplify, Invest & Nurture (GAIN) initiative by the Malaysia Digital Economy Corporation (MDEC). GAIN aims to facilitate market access for Malaysian tech firms through business-to-business matching and networking with global tech ecosystem players.
Since 2017, it has accessed markets in over 26 countries, involving over 150 Malaysian tech companies and organising over 1,000 one-to-one business meetings. This has resulted in revenues of 31.9 billion RM (7.45 billion USD) and exports worth 11.2 billion RM, he said during the Digerati50 Networking Cocktail event in Cyberjaya.
Gobind highlighted that the digital economy is projected to contribute 25.5% to Malaysia's GDP by the end of next year, adding the rise in digital investments to 66.22billion RM in the first half of this year, surpassing the 46.2 billion RM recorded in 2023, shows Malaysia is on the right track.
These investments depend on the resilience of the digital sphere. Technologies like generative AI can offer many benefits, but must be soundly implemented, he added./.
Malaysia ranked 33rd out of 133 countries in the 2024 Global Innovation Index (GII) – the highest achievement since 2016, according to Minister of Science, Technology, and Innovation Chang Lih Kang.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
