Ukraine Aims Information Technology Trade Expansion With Malaysia
By Nur Elysa Amirah Suhaimi & Nur Atiq Maisarah Suhaimi
KUALA LUMPUR, June 24 (Bernama) -- Ukraine is looking to expand its trade footprint in Malaysia by promoting its information technology (IT) sector, including digital and artificial intelligence solutions, as a key driver of future economic cooperation between the two countries.
Charge d'Affaires ad interim of the Embassy of Ukraine in Malaysia, Denys Mykhailiuk, said that while Malaysia and Ukraine have traditionally traded commodities such as palm oil and sunflower oil, the time has come to diversify into high-tech industries, without sidelining existing trade in oils.
bootstrap slideshow
'Trading in services is very important now, and we are one of the biggest countries in IT, so we hope that our experience and our digital products might be useful for Malaysians to become a digital nation as well.
'We know for a fact that the Ukrainian IT and artificial intelligence sectors are definitely admirable, and we have also seen that they have attracted Malaysian interest,' he said during an interview on Bernama TV's programme The Nation, titled Bridging Continents: Malaysia–Ukraine Relations in Focus, on Tuesday.
He also mentioned that discussions have already been initiated with relevant Malaysian ministries, including potential areas of collaboration in innovation and cybersecurity.
'For the digital products, we are talking to the Ministry of Digitalisation, and the police as well, because it is a slightly different system in Ukraine.
'In Ukraine, the Ministry of Digitalisation has the aegis authority over all other agencies, whereas here, you have some kind of competition, in which every ministry is responsible for its part,' he said.
Acknowledging structural differences between the two countries, Mykhailiuk said these challenges do not hinder business-to-business (B2B) ties, which he described as strong and promising.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
12 minutes ago
- The Sun
HSBC Premier goes ‘beyond just wealth'
KUALA LUMPUR: HSBC Malaysia has rolled out a redefined HSBC Premier proposition designed to capture the country's fast-growing affluent and high-net-worth segment, which is projected to transform Malaysia's financial landscape over the next decade. Anchored on four strategic pillars (wealth, health, travel and international) the new premier offering blends traditional financial services with health, lifestyle and global connectivity in what the bank says is a blueprint for the next era of affluent banking. HSBC international wealth and premier banking Asia head Kai Zhang framed the launch as both a milestone for Malaysia and a stepping stone for HSBC's wider regional ambitions. 'Today is more than a proposition launch. It's a milestone in how we serve the evolving wealth and international banking needs of our customers in Malaysia, and a signal of our broader ambition in the region,' Zhang said. 'We estimate that the percentage of adults in Malaysia with at least US$250,000 (RM1.18 million) in financial wealth will double over the course of this decade. 'But it's not just about growth, it's about how wealth is changing. 'Customers are seeking diversification, investing for the long term, and integrating wealth decisions into broader life goals.' Data from GlobalData suggests Malaysia's affluent market, including high-net-worth individuals, will grow at a compound annual growth rate of 5.4% between 2025 and 2029, with liquid assets expected to reach nearly US$350 billion in four years. HSBC Malaysia international wealth and premier banking country head Linda Yip, said this growth is also altering what customers expect from their banks. 'Affluent customers now seek holistic solutions that help them accelerate their wealth while placing their health and wellbeing at the forefront,' she said. 'Achieving this balance allows them to grow, protect, enjoy and preserve their wealth for generations.' Yip said the bank's goal is not only to deepen relationships with existing customers but to attract new ones to its platform and hope Malaysians, especially the affluent segment, will feel that this is the bank and the service they want to get. 'Our aspiration is to go higher than what we have now, and we expect the second half of 2025 to be very robust for us.' According to HSBC's Quality of Life research, 78% of affluent Malaysians keep most of their portfolios in fixed income bonds and equities, while over half (51%) are saving for leisure and travel and 48% prioritise health for a better quality of life. Yip said HSBC Premier stands out by going 'beyond just wealth', combining financial planning, lifestyle experiences and borderless banking. This includes seamless international services for families with children studying abroad, ensuring access to banking support across HSBC's global network, giving parents peace of mind.
The Sun
12 minutes ago
- The Sun
Proton to integrate RFID technology into X50
SUBANG JAYA: Proton and Touch 'n Go Sdn Bhd have announced a strategic partnership to integrate Touch 'n Go RFID technology into the all-new Proton X50. This collaboration, formalised through a memorandum of understanding (MoU), marks a significant milestone in advancing Malaysia's connected mobility ecosystem. Under the agreement, every new Proton X50 will be pre-fitted with a Touch 'n Go RFID tag at the production line, enabling seamless access to Malaysia's extensive RFID-enabled highway network. Signatories for the MoU were Touch 'n Go CEO Praba Sangarajoo, and Proton Edar deputy CEO Zhang Qiang, while the witnesses were Touch 'n Go sales director, Jarrod Wong, and Proton Edar sales head Ong Chee Wooi. 'It's about instant gratification. You drive your new Proton X50 off the showroom floor with RFID already installed – just like that. This is not just about smarter mobility; it's about bringing real value and delight into everyday journeys, said Praba. As two proud homegrown Malaysian companies, he added this partnership is a celebration of what's possible when local champions work together. Launched on July 24 to strong market acceptance, the all-new Proton X50 has achieved instant success with 2,000 units delivered to customers just three weeks after its official unveiling. Combining a new exterior and interior design with the latest connectivity technologies and a powerful new 1.5-litre i-GT turbocharged engine, the B-segment SUV sales market leader is the first Proton vehicle to be equipped with Touch 'n Go's RFID tag as standard fit for all variants. 'The Proton X50 has been Proton's star product for our SUV range and today, over 140,000 units have rolled off the production line at Tanjong Malim. 'With the launch of the all-new Proton X50, we have taken a quantum leap forward to improve the purchase value for customers by offering a new design and new technologies while keeping the price unchanged. 'By partnering with Touch 'n Go, Proton is adding another new feature that fits perfectly with the model tagline of Intelligence That Amazes,' said Zhang. With other launches in their pipeline, he added Proton is looking to extend the fitment of Touch 'n Go RFID tags to other models to offer an improved level of convenience to their customers. 'Our aim is to improve the level of customer satisfaction, and we think this is one of the steps we can consider towards achieving that goal,' said Zhang.
The Sun
12 minutes ago
- The Sun
MACC and Malaysian Embassy in Indonesia team up for anti-corruption education
PUTRAJAYA: The Malaysian Embassy in Jakarta has pledged to collaborate with the Malaysian Anti-Corruption Commission (MACC) on anti-corruption education for officials and students in Indonesia. MACC Community Education Division (PenMas) director Datuk Ahmad Nizam Ismail confirmed the partnership following a meeting with Malaysian Ambassador to Indonesia Datuk Syed Mohamad Hasrin Tengku Hussin. He stated that MACC fully supports the initiative and will ensure its successful implementation. 'Among the programmes planned are the Integrity Talk, the Corruption-Free Pledge, and the Integrity Seminar on Public Fund Management by PKPMI,' Ahmad Nizam said. These initiatives will coincide with the Malaysian Embassy in Jakarta's Integrity Day 2025 in September. The meeting also facilitated discussions on strengthening integrity among Malaysian officials and students in Indonesia. Education Malaysia Indonesia director Dr Hasnul Faizal Hushin Amri had earlier proposed the collaboration. Meanwhile, Syed Mohamad Hasrin emphasised the embassy's commitment to promoting integrity and transparency. 'Integrity Day 2025 aligns with national goals and the National Anti-Corruption Plan,' he added. The event aims to reinforce ethical governance among Malaysian representatives and student associations abroad.
