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New Straits Times
11-06-2025
- Business
- New Straits Times
Malaysia approves 107 new digital firms with RM13.1bil investments in Q1
KUALA LUMPUR: The government approved 107 new companies under the Malaysia Digital (MD) framework in the first quarter of 2025, with a combined investment value of RM13.1 billion. Digital Minister Gobind Singh Deo, speaking at the UK-Malaysia Digital Gateway Forum in London, said the investments are expected to generate 4,199 new jobs over the next five years. He noted that the sectoral breakdown of these approvals reflects Malaysia's diverse and future-focused digital economy. Global business services led with 49 companies, projecting a revenue of RM6.8 billion, followed by infotech with 51 companies, bringing in an estimated RM1.9 billion in revenue and the digital creative content sector saw seven companies approved, with a projected revenue of RM500 million. The top three activity areas among these MD-approved companies were data centre and cloud services (28 companies); artificial intelligence (AI) (23 companies) and global business services (15 companies). "These figures are a clear indication of Malaysia's commitment to becoming a thriving, future-ready digital hub that is open to international partnerships and poised for high-value, sustainable growth, he said in a statement. Gobind added that the country's ibrant digital ecosystem is underpinned by recent regulatory reforms, including the Cyber Security Act 2024, Data Sharing Act 2024 and the establishment of the National AI Office (NAIO), as well as cutting-edge infrastructure and a robust talent pipeline. Gobind is in London for the London Tech Week, which serves as a platform for Malaysia to gather insights and forge partnerships in emerging fields such as AI governance, smart cities and digital sustainability. The forum, co-organised by the Malaysian Digital Economic Corporation (MDEC) and the British Malaysian Chamber of Commerce (BMCC), brought together over 80 UK-based technology companies and 23 Malaysian firms, facilitating direct engagement and partnership opportunities. As part of the event's objectives, the Digital Ministry aims to identify UK tech companies that are keen to expand in Southeast Asia. Gobind invited United Kingdom (UK) technology businesses to collaborate in shaping a dynamic digital future in the country. He underscored Malaysia's position as a strategic regional hub for innovation, digital investment and sustainable technology advancement. "Malaysia is open for innovation. Our vision is anchored on three critical enablers - world-class infrastructure, trusted data governance and institutional trust. "These are the foundations that make Malaysia a prime destination for high-value tech investment in the region," he said. The minister also extended an invitation to UK partners to join upcoming flagship events including the Asean Malaysia AI Summit in August 2025 and the Smart City Expo Kuala Lumpur in September 2025.
Barnama
31-05-2025
- Business
- Barnama
Sarawak Govt Aims For Rural-urban Equitable Growth
KUCHING, May 31 (Bernama) -- The increase in rural development allocation for this year's Sarawak budget is a reflection of the state government's unwavering resolve to narrow the rural-urban gap and ensure equitable growth. Deputy Premier Datuk Amar Douglas Uggah Embas said RM6.8 billion had been allocated under the Sarawak 2025 Budget for rural development, which rose from RM5.695 billion in 2024, indicating the State Premier Tan Sri Abang Johari Tun Openg's clear commitment to uplift the wellbeing of the rural communities. In his message for the Gawai Dayak festival, which begins tomorrow (June 1), Uggah said the rural development focus has seen major bridge projects being implemented as growth catalysts.
The Sun
29-05-2025
- Business
- The Sun
MAIWP: Speed up surau projects on schedule
PUTRAJAYA: The Federal Territories Islamic Religious Council (MAIWP), together with contractors and consultants, must ensure that surau construction projects under their purview progress smoothly and are completed on schedule. Minister in the Prime Minister's Department (Religious Affairs), Datuk Dr Mohd Na'im Mokhtar, said timely completion of these projects is a key expectation of the local community. 'There are surau projects currently under construction, and I have instructed MAIWP and the contractors to give full attention to ensuring they are completed within the stipulated period. 'The community looks forward to having their surau ready... it's disheartening when residents pass by daily, still wondering when it will be done,' he told reporters after officiating the key handover ceremony for Surau Al-Firdaus in Precinct 11F here today. Also present was Putrajaya Corporation (PPj) president, Datuk Fadhlun Mak Ujud. Meanwhile, Mohd Na'im expressed hope that Surau Al-Firdaus, expected to begin operations on June 1, will serve not only as a place of worship but also as a hub for community activities. He added that construction delays were due to the COVID-19 pandemic and technical issues related to the original design. 'Due to specific requirements, the initial RM3 million allocation was increased to RM6.8 million, and the size of the surau was expanded from 710 to 1,710 square metres,' he said.
The Sun
29-05-2025
- Business
- The Sun
Prompt completion of surau projects a priority
PUTRAJAYA: The Federal Territories Islamic Religious Council (MAIWP), together with contractors and consultants, must ensure that surau construction projects under their purview progress smoothly and are completed on schedule. Minister in the Prime Minister's Department (Religious Affairs), Datuk Dr Mohd Na'im Mokhtar, said timely completion of these projects is a key expectation of the local community. 'There are surau projects currently under construction, and I have instructed MAIWP and the contractors to give full attention to ensuring they are completed within the stipulated period. 'The community looks forward to having their surau ready... it's disheartening when residents pass by daily, still wondering when it will be done,' he told reporters after officiating the key handover ceremony for Surau Al-Firdaus in Precinct 11F here today. Also present was Putrajaya Corporation (PPj) president, Datuk Fadhlun Mak Ujud. Meanwhile, Mohd Na'im expressed hope that Surau Al-Firdaus, expected to begin operations on June 1, will serve not only as a place of worship but also as a hub for community activities. He added that construction delays were due to the COVID-19 pandemic and technical issues related to the original design. 'Due to specific requirements, the initial RM3 million allocation was increased to RM6.8 million, and the size of the surau was expanded from 710 to 1,710 square metres,' he said.
Borneo Post
28-05-2025
- Business
- Borneo Post
Deputy Premier: Sarawak manufacturing sector secures RM681 mln investments in Q1 2025
Awang Tengah delivers his ministerial winding-up speech during the State Legislative Assembly sitting today, – Penerangan photo KUCHING (May 28): Sarawak's manufacturing sector received RM681 million in investments across 24 projects in the first quarter (Q1) of 2025, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan. The International Trade, Industry and Investment Minister said this is expected to create more than 900 jobs through the investments which focused on electrical and electronics (mobile energy storage, charging and robotics) which accounted for RM75 million; manufacturing related services (warehousing) at RM20 million; and non-metallic mineral products (cement and concrete) at RM16 million. Awang Tengah, who delivered his ministerial winding-up speech at the State Legislative Assembly (DUN) Sitting today, told the august House that Sarawak has continued to attract investors due to its political stability, rich natural resources, strategic location and investor-friendly policies where the government fosters a conducive business environment through incentives, regulatory support and infrastructure development. 'Last year, 115 manufacturing and related services projects were approved, with over 65 per cent successfully implemented, reflecting strong investment facilitation. 'Ongoing industrial infrastructure investments, including industrial parks, logistics and digital connectivity, reinforce Sarawak's long-term growth and competitiveness, positioning Sarawak as a prime destination for investors seeking stability and strategic market access,' he said. He said investor confidence remained robust, as reflected in the substantial reinvestments of RM6.8 billion within the manufacturing sector, primarily in chemical and basic metal. 'This underscore strong investors' confidence in Sarawak's current business environment and affirms Sarawak's growing reputation as a competitive and reliable investment destination.' He also said that Sarawak's push for renewable energy, especially solar power, has gained strong investor interest with leading potential investors from Abu Dhabi, China and Singapore actively exploring opportunities through feasibility assessments. 'The 2023 amendment to the Electricity Ordinance has paved the way for increased investment in low-carbon power generation, bolstering the region's commitment to sustainable energy solutions. 'This initiative expands renewable energy capacity to meet investors' growing demand, ensuring a more reliable, scalable and resilient energy supply to support long-term business growth,' he said. As part of these efforts, he said his ministry recently organised Sarawak Connects in London to promote and attract investment, focusing on semiconductors, renewable and sustainable energy. Awang Tengah said the government is also actively streamlining regulatory processes, reducing bureaucracy and improving policy transparency to boost business efficiency to further enhance the state's investment appeal. 'We are adopting a whole-of-government approach to ensure a unified and strategic advancement of Sarawak's development priorities. 'Concurrently, we are addressing critical gaps in the investment ecosystem, including upgrading key infrastructure and investing in talent development to better align with the industry's needs. 'These efforts reaffirm our commitment to position Sarawak as a preferred destination for high-quality investments now and in the years to come,' he said.
