Latest news with #NIMP2030
Barnama
13-06-2025
- Business
- Barnama
EXIM Bank Malaysia Strengthens Strategic Ties at Uzbekistan's Foreign Investors Council
TASHKENT, UZBEKISTAN, June 13 (Bernama) -- The Export-Import Bank of Malaysia Berhad (EXIM Bank) has reinforced its commitment to expanding Malaysia's global trade presence by participating in the Third Plenary Session of the Foreign Investors Council (FIC) in Tashkent. The high-level forum, held on 11June 2025, was co-chaired by His Excellency Shavkat Mirziyoyev, President of the Republic of Uzbekistan, and Her Excellency Odile Renaud-Basso, President of the European Bank for Reconstruction and Development. The session convened global leaders to explore reforms and opportunities under Uzbekistan's Vision 2030 economic roadmap. EXIM Bank's participation is aligned with Malaysia's National Investment Policy 2030 (NIMP2030), which aims to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises. As part of its mandate to promote exports, EXIM Bank is focusing on strengthening ties with Central Asia through strategic engagements that benefit both Malaysian businesses and regional partners. This includes exploring structured financing solutions for key partners in Uzbekistan, most notably a proposed collaboration with Joint-Stock Commercial Bank Hamkorbank, Uzbekistan, aimed at supporting Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods.
Barnama
13-06-2025
- Business
- Barnama
EXIM Bank Strengthens Central Asian Ties, Benefits Malaysian Businesses And Regional Partners
REGION - CENTRAL > NEWS KUALA LUMPUR, June 13 (Bernama) -- The Export-Import Bank of Malaysia Bhd (EXIM Bank) will focus on strengthening Central Asian ties through strategic engagements to benefit Malaysian businesses and regional partners. In a statement today, it said the initiative includes exploring structured financing solutions for key partners in Uzbekistan, notably a proposed collaboration with Joint-Stock Commercial Bank HamkorBank to support Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods. Hence, the bank's participation in the third plenary session of the Foreign Investors Council (FIC) in Tashkent has reinforced its commitment to expanding Malaysia's global trade presence. bootstrap slideshow EXIM Bank chief business officer Faizah Mustapa said its participation at the high‑level forum signals the bank's strategic intent to support Malaysia's exporters through innovative trade-financing, while exploring joint ventures with Uzbek financial institutions. "We applaud Uzbekistan's reforms to streamline banking regulations and enhance credit facilities for import‑export activities," she said. EXIM Bank said its participation in the forum aligns with Malaysia's National Investment Policy 2030 (NIMP 2030) to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises. It also complements Uzbekistan's Vision 2030, which seeks to attract foreign direct investments, increase regulatory transparency, and advance public-private partnership projects in agriculture, manufacturing, infrastructure, and tourism. "With 36 Malaysian companies operating in Uzbekistan, ties between the two countries continue to grow. "This was further strengthened by Prime Minister Datuk Seri Anwar Ibrahim's official visit to Uzbekistan in May 2024, followed by a return visit to Malaysia by President Shavkat Mirziyoyev in February 2025, reaffirming their commitment to elevate bilateral relations to a strategic partnership," it said.
The Sun
12-06-2025
- Automotive
- The Sun
MARii, Petronas collaborate to bring ADaPTIV to automotive industry
PETALING JAYA: The Malaysia Automotive Robotics and IoT Institute (MARii) and Petroliam Nasional Bhd (Petronas) project management and technical services commercialisation arm Petronas Global Technical Solutions Sdn Bhd (PGTSSB), have established a strategic collaboration aimed at revolutionising vehicle maintenance through advanced technology. The collaboration focuses on harnessing the energy company's Advanced Diagnostic and Prognostic Technology (ADaPT), a predictive analytics technology developed to optimise assets' structural performance for the energy sector and applying it to the automotive industry under the ADaPTiV initiative. The partnership was formalised through the signing of a memorandum of understanding (MoU) between MARii and PGTSSB, witnessed by Investment, Trade and Industry Deputy Minister Liew Chin Tong. Leveraging ADaPT, driven by artificial intelligence (AI), the Internet of Things, and big data analytics, ADaPTiV is poised to deliver intelligent, real-time predictive maintenance for vehicle components. This innovative technology is set to improve vehicle reliability, enhance safety, prolong component lifespan and offer significant cost savings by optimising maintenance schedules. ADaPTiV features powerful AI-powered predictive analysis that forecasts potential component failures and suggests necessary actions before breakdowns occur. Through IoT integration, the system collects real-time data from vehicle components, enabling condition-based maintenance that is both timely and effective. With big data analytics, actionable insights are generated to improve vehicle operational efficiency and support smarter driving behaviour. The initiative not only responds to the technological needs of the automotive sector but also aligns with Malaysia's national strategic goals. ADaPTiV supports the development of next-generation vehicles and mobility-as-a-service under the New Industrial Master Plan 2030 (NIMP 2030) and the National Automotive Policy 2020 (NAP 2020), reinforcing the nation's commitment to smart mobility and sustainable transport. MARii CEO Azrul Reza Aziz said the strategic partnership with Petronas is a landmark moment for MARii and the future of mobility in Malaysia. 'ADaPTiV represents a powerful convergence of MARii's automotive expertise and Petronas' world-class predictive analytics, enabling us to build a more intelligent and reliable vehicle ecosystem. This initiative is a direct embodiment of our commitment to fostering local innovation and achieving the ambitious goals outlined in NIMP 2030 and NAP 2020.' Petronas senior general manager of group technical solutions, projects, technology and health, safety, security and environment Mazri Mohd Ali said Petronas is excited to partner with MARii to introduce ADaPT into the automotive sector through ADaPTiV. 'This collaboration is a testament to our commitment to technical and engineering excellence, as we adapt and extend our solutions to new industries. We believe that ADaPTiV will deliver significant value by enhancing vehicle reliability, safety, and operational efficiency, driving cost savings and contributing to a more sustainable transportation landscape in Malaysia,' he added. As part of the collaboration, MARii and Petronas unveiled the first functional prototype of ADaPTiV at the Malaysia Autoshow 2025. The prototype was showcased at the MARii Pavilion, where technical experts provided insights into the technology and answered questions from attendees. The ADaPTiV initiative is expected to deliver enhanced vehicle safety through proactive maintenance, extend component lifespan by enabling predictive and condition-based actions, and reduce unexpected downtime, resulting in significant cost savings for users. Beyond the automotive industry, ADaPTiV has the potential to transform multiple sectors by offering predictive maintenance solutions that improve operational efficiency and drive sustainability.
The Sun
08-06-2025
- Business
- The Sun
Steady, robust growth in Malaysia's P2P financing sector: Funding Societies
KUALA LUMPUR: Malaysia's peer-to-peer (P2P) financing sector has grown steadily since 2016 and is likely to continue its strong growth trajectory, driven by supportive government policies and an increasingly robust investor ecosystem. Funding Societies Malaysia country head Chai Kien Poon said the government prioritises micro, small and medium enterprises and mid-tier companies, recognising their key role in the country's gross domestic product growth and employment. 'This national focus is reflected in various strategic initiatives aimed at improving access to financing for these businesses,' he told SunBiz. Chai said that to enhance financing access, the Securities Commission Malaysia (SC) launched the MSME and MTC Roadmap (2024-2028), which focuses on expanding market-based funding options, with P2P financing playing a central role. Additionally, the Strategic Co-Investment Fund (CoSIF) under the New Industrial Master Plan 2030 (NIMP 2030), alongside MyCIF, forms Asean's first blended financing framework to support high-growth MSMEs. Another key initiative is Skim Sarana, a collaboration between the SC and the Government Procurement Division (GPD). This programme enables P2P platforms to help MSMEs and small contractors secure working capital for government contracts, improving cash flow management and procurement efficiency. Chai said these initiatives create a more conducive financing environment for business growth. By December 2023, P2P financing had raised RM5.96 billion through 85,793 campaigns, benefitting 14,715 MSMEs. In 2023, funds raised surged 32% to RM2.09 billion, with projections exceeding RM2.4 billion in 2024, up from RM1.58 billion in 2022. Campaigns increased to 31,002 in 2023 from 24,455 in 2022. Key institutional investors back Funding Societies Malaysia, reinforcing their confidence in the P2P financing model, Chai pointed out. Its equity shareholders include Maybank Group, Khazanah Nasional Bhd and CGC Digital, while Bank Pembangunan Malaysia, Malaysia Debt Ventures, SME Corp and Teraju have actively participated as institutional investors and capital providers. Chai said the involvement of these agencies supports SME growth through P2P financing initiatives. 'With a growing ecosystem of both public and private stakeholders supporting P2P financing, the sector in Malaysia is well-positioned to continue its strong growth trajectory within the Asia-Pacific market. As digital financing solutions become more widely adopted, P2P platforms like Funding Societies will play an increasingly pivotal role in ensuring SMEs have the capital they need to thrive.' Chai said Malaysia's P2P financing regulatory framework is designed specifically to serve businesses, focusing on productive financing that drives economic growth, creates employment opportunities and ultimately enhances the standard of living for Malaysians. 'Unlike other markets where consumer lending dominates the P2P landscape, Malaysia's framework ensures that P2P financing remains a key enabler for MSMEs by providing them with much-needed working capital and financing. 'While other licences in Malaysia and across the region allow us to serve consumers through consumptive loans, Funding Societies Malaysia remains focused on MSMEs. 'This is fully aligned with our vision, contributing to Southeast Asia's economic growth and increasing financial inclusion by supporting the underserved and underbanked, closing the financing gap for SMEs that often face challenges in securing funding from traditional financial institutions but are yet creditworthy,' he added. Chai said Malaysian SMEs face persistent financing challenges due to stringent collateral requirements, lengthy approval processes and financial products that often do not meet their needs. Funding Societies Malaysia addresses this gap by providing fast, flexible and collateral-free financing solutions, with syariah-compliant and conventional offerings. The platform's key products include term financing for business expansion and working capital, payables financing to manage supplier payments, receivables financing to unlock cash flow through invoice advances, and revolver financing, a flexible credit line for ongoing business needs. 'To strengthen our services, we have acquired CardUp, a payments company that enables SMEs to make and collect payments digitally via credit cards, bank transfers and other non-traditional methods. Beyond financing, SMEs require efficient payment and cash flow management solutions, and CardUp enhances our ability to serve MSMEs holistically by improving their liquidity and operational efficiency,' Chai said. He disclosed that MSMEs that secured financing from Funding Societies experienced an average revenue growth of 13% and added new jobs to their businesses. Notably, more than 50% of MSMEs served by Funding Societies in Malaysia obtained their first business financing through the platform. 'As our disbursements have grown manyfold since 2020, we are currently refreshing this study to capture the continued impact of our financing solutions on SME growth. 'By addressing financing challenges with speed, accessibility and innovation, Funding Societies remains a key enabler of SME success, helping businesses scale, supporting job creation and contributing to Malaysia's overall economic growth.' Looking ahead, Chai said Funding Societies' key growth priorities in Malaysia revolve around deepening SME financing solutions, expanding non-financing services such as payments, integrating advanced digital capabilities and driving impact and sustainability financing for future-proof MSMEs. 'Funding Societies Malaysia helps MSMEs grow while enabling them to adopt ESG-friendly practices through its Environmental and Social Management System. 'If MSMEs fail to comply with tightening sustainability regulations, they risk exclusion from key supply chains. To support this transition, Funding Societies Malaysia collaborates with government agencies, industry partners, and investors to develop financing solutions for sustainable business practices,' Chai said. He added that Funding Societies Malaysia improves underwriting accuracy and expands financing access for underserved, creditworthy businesses by leveraging artificial intelligence-driven onboarding, credit risk assessment and collections. Automated collections and repayment tracking help reduce defaults and enhance SME financial discipline. Aligned with NIMP 2030, Chai said, Funding Societies focuses on financing high-growth and strategic sectors, including electric vehicles, renewable energy, high-value manufacturing, supply chain financing, digital economy and technology startups. 'By prioritising these key areas, Funding Societies aims to remain at the forefront of Malaysia's rapidly evolving economic landscape and fintech ecosystem, ensuring we continue empowering MSMEs with accessible, technology-driven financing solutions while contributing to the country's economic and industrial growth,' he said. Regionally, he explained, as Funding Societies expands its presence across Southeast Asia, Malaysia remains a key strategic market due to its large SME base, progressive regulatory landscape, and strong government support for SME financing initiatives. 'Currently, our focus is on strengthening operations in our existing markets – Malaysia, Indonesia, Singapore, Thailand and Vietnam – while remaining open to exploring new opportunities in other Asean economies, particularly through strong local partnerships.' Chai said Malaysia plays a vital role as a centre of excellence within the group, driving key innovations and capabilities that can be scaled regionally when relevant. It leads in areas such as instant approval and acceptance financing, which leverages alternative data and AI-powered underwriting to provide faster, digital-first solutions for MSMEs. 'Additionally, Malaysia is at the forefront of expanding syariah-compliant digital financing to cater to its large Islamic finance market and beyond. The country also plays a key role in strengthening supply chain financing for SMEs through strategic collaborations with key ecosystem players in target industries,' Chai said.
The Star
29-05-2025
- Business
- The Star
YCH Group's smart logistic hub in Klang seen as boost to regional connectivity
From left: YCH Group Malaysia country general manager Ryan Yap, Malaysian Investment Development Authority CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, YCH Group executive chairman Dr Robert Yap, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Singapore Acting High Commissioner to Malaysia Shivakumar Nair, ASEAN-BAC, Malaysia Chapter chairman Tan Sri Nazir Razak and Sime Darby Property group managing director & chief executive officer Datuk Seri Azmir Merican during the groundbreaking ceremony of YCH's RM500mil Supply Chain City Malaysia. SHAH ALAM: Singapore-based supply chain management and logistics company, YCH Group's RM500 million Supply Chain City Malaysia (SCC MY), a smart logistic complex in Bandar Bukit Raja, Klang, is expected to serve as a key enabler of regional connectivity. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the hub which would be completed within the next two-and-a-half years is the first project under Malaysia's New Industrial Master Plan 2030 (NIMP 2030) which aimed to accelerate industrial transformation through advanced supply chain solutions and logistics innovation. He said as Malaysia cements its role as ASEAN's preferred investment destination, the logistics sector plays a critical role in driving the nation's industrial and trade growth. He was confident that SCC MY would align with the vision of NIMP 2030 and the ASEAN Smart Logistics Network (ASLN) by strengthening connectivity, enhancing trade efficiency and optimising supply chain operations. "In 2024, Malaysia achieved a significant RM378.5 billion in approved investments, a 14.9 per cent increase from the previous year. These investments, spanning 6,700 projects, will create over 207,000 new jobs for Malaysians. "Such figures highlight not only the confidence global investors have in Malaysia but also our ability to navigate economic uncertainties with strength and agility," he said during SCC MY's groundbreaking ceremony here today. Tengku Zafrul said the project which will integrate LEARN ecosystem, in collaboration with Singapore's Supply Chain and Logistics Academy (SCALA), will ensure the local logistics talent is equipped with the necessary skills and expertise to thrive in an evolving industry. He noted that this project also offers the potential for the adoption of smart logistics solutions, further enhancing efficiency and transparency in supply chains, aligns with national agenda to embrace the digital economy and leverage technology for economic advancement. "This initiative reflects our national commitment to building a high-skilled workforce that can support Malaysia's transformation into a regional logistics powerhouse. "Beyond its technological advancements, the project is also expected to offer both skilled and semi-skilled job opportunities, further strengthening Malaysia's SMART Warehouse and logistics ecosystem," he said. - Bernama
