logo
Matrade targets RM13bil potential trade, investments at Expo 2025 Osaka

Matrade targets RM13bil potential trade, investments at Expo 2025 Osaka

KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) aims to unlock RM13 billion worth of potential trade and investments through its participation in the Expo 2025 Osaka, Japan.
Its chief executive officer, Datuk Mohd Mustafa Abdul Aziz said MATRADE, through the Business Programme at the Malaysia Pavilion, helps local companies enter new markets and create impactful connections to boost investments, while showcasing Malaysia's strengths in key growth sectors.
Anchored by the pavilion's theme, "Weaving a Future in Harmony" and aligned with the expo's vision to "Design Future Society for Our Lives", he said MATRADE's strategy reflects a forward-looking approach that connects trade with the forces shaping the future.
"In this vision, trade is not separate from innovation or sustainability but part of an interconnected system, so linking people, technology and purpose positions Malaysia as a confident and collaborative contributor to shared global prosperity," he said in a statement.
Mohd Mustafa said that MATRADE's role has evolved beyond conventional trade promotion, as relying solely on product showcases and buyer introductions is no longer sufficient in today's dynamic market environment.
Hence, he said MATRADE's Business Programme embraces a more strategic approach, as global value chains evolve under the pressure of technology and geopolitics.
"Through curated engagements such as sector-specific business matching, thematic seminars, and targeted pitching sessions, the initiative is designed to build meaningful, long-term partnerships.
"With over 270 meetings held in the first month alone and RM488.88 million in sales secured, it demonstrates the impact of a more purposeful, value-led model of engagement," he said.
Meanwhile, Mohd Mustafa said Malaysia's participation at Expo 2025 Osaka comes at a strategically meaningful moment, a point where national ambition meets regional leadership.
He said MATRADE's approach supports key economic plans like the New Industrial Master Plan 2030 and the National Trade Blueprint, aiming to boost innovation, trade competitiveness, and promote high-value exports.
This momentum is further amplified by Malaysia's current role as Asean chair in 2025, positioning the country as a unifying voice for regional integration and inclusive growth, he added.
"As the sole agency driving the business programme, MATRADE is not merely showcasing Malaysian companies, but actively shaping their strategic positioning in line with broader national and regional ambitions.
"This includes facilitating direct access to key Japanese and global players, particularly in high-potential sectors such as halal, electrical and electronics, green technology, and life sciences," he said.
These engagements form part of a long-term national mission to establish Malaysia as a trusted, innovation-driven trade hub at the heart of the Asia-Pacific.
Mohd Mustafa also emphasised that Expo 2025 Osaka is an opportunity for global collaboration in future-forward ideas, with the Malaysia Pavilion reflecting this through its focus on innovation and inclusiveness.
He said the expo also offers a timely and symbolic platform to amplify Malaysia's regional voice, strengthen Asean ties, and build momentum for a more resilient and connected global economy.
"Malaysia's economic journey has long been defined by adaptation and ambition, from manufacturing excellence to digital transformation," he said.
Today, as the global economy pivots toward sustainability and innovation, Malaysia's trade diplomacy, led by MATRADE, is evolving in step with these shifts.
Hence, the Business Programme at Expo 2025 Osaka signals more than presence; it signals intent to collaborate, lead, and unlock the next wave of high-impact trade opportunities, said MATRADE.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit closes slightly higher on cautious sentiment
Ringgit closes slightly higher on cautious sentiment

Free Malaysia Today

time3 hours ago

  • Free Malaysia Today

Ringgit closes slightly higher on cautious sentiment

KUALA LUMPUR : The ringgit closed higher against the dollar today, as traders remain cautious ahead of US president Donald Trump and Chinese president Xi Jinping's expected meeting this week, said an analyst. SPI Asset Management managing partner Stephen Innes said traders are slipping into a wait-and-see approach ahead of the Trump-Xi meeting, which could be a key factor in market risk for the rest of the week. 'Given that the US is the world's leading importer and China its largest exporter, their relationship could shift market sentiment in favour of the dollar, easing concerns about supply chain disruptions and imported inflation. 'This dynamic leaves emerging currencies like the ringgit in a reactive position – caught between two economic superpowers whose trade decisions heavily influence global pricing trends,' he told Bernama. At 6pm, the local note inched higher to 4.2425/4.2485 versus the greenback from last Friday's close of 4.2530/4.2605. At the close, the ringgit traded lower against a basket of major currencies. It slipped against the Japanese yen to 2.9695/2.9739 from Friday's close of 2.9531/2.9585, eased vis-a-vis the euro to 4.8415/4.8484 from 4.8169/4.8254, and depreciated against the British pound to 5.7337/5.7418 from 5.7284/5.7385 previously. The local note traded mixed against its Asean peers. It was slightly higher versus the Indonesian rupiah at 260.1/260.6 compared to 260.4/261.1 on Friday, and gained against the Philippine peso to 7.61/7.63 from 7.62/7.64 previously. However, it fell against the Singapore dollar to 3.2967/3.3016 from 3.2938/3.3002 on Friday and weakened vis-a-vis the Thai baht to 13.0334/13.0603 from 12.9507/12.9790 previously.

China is building a power triangle to change the world
China is building a power triangle to change the world

Malaysia Sun

time4 hours ago

  • Malaysia Sun

China is building a power triangle to change the world

A recent summit between Beijing, ASEAN, and the Gulf Cooperation Council shows the potential future of Asia The final week of May marked a significant political development with the potential to reshape Asia's geopolitical landscape. Kuala Lumpur, the capital of Malaysia, hosted the inaugural summit involving China, the Association of Southeast Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC). While signs of deepening engagement among these three actors had surfaced in preceding years, the establishment of a formal trilateral cooperation mechanism is a recent development. This event did not occur in a geopolitical vacuum. The region is increasingly exposed to intensifying rivalry among China, the US, and other global powers. In April, Chinese President Xi Jinping embarked on a Southeast Asian tour - visiting Cambodia, Malaysia, and Vietnam - to consolidate Beijing's influence. Almost simultaneously, an envoy dispatched by US President Donald Trump toured Cambodia and Vietnam and met with representatives from all ASEAN member states in an effort to repair relations damaged by Trump's tariffs and to reaffirm the commitment to a 'Free and Open Indo-Pacific'. Meanwhile, the US president visited three Gulf states, making new deals and publicly denouncing the longstanding American policy of mentorship and interference in regional affairs. By the end of May, French President Emmanuel Macron also entered the scene, visiting Indonesia, Singapore, and Vietnam to remind Southeast Asian counterparts that the EU still exists and remains a potential alternative to both Beijing and Washington. It is no coincidence that the China-ASEAN-GCC summit was convened in Malaysia. As the current chair of ASEAN, Malaysia plays a pivotal role, and its prime minister, Anwar Ibrahim, is a vocal proponent of regional integration and innovative partnerships. Ahead of the trilateral summit, ASEAN members gathered in Kuala Lumpur to chart their future course. On this occasion, the ten member states adopted ASEAN's first 20-year vision - ASEAN 2045 - articulating the ambition to position Southeast Asia as a global growth engine aligned with other dynamic actors. Among them, China and the GCC member states - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates - stand out prominently. Together, they represent a quarter of the world's population and contribute nearly the same proportion to global GDP. Their economic linkages are already well-established: China is the top trading partner for both ASEAN and the GCC. ASEAN has surpassed the EU as China's foremost economic partner, and Beijing imports over one-third of its crude oil from GCC states. The summit in Kuala Lumpur brought together the world's second- and fifth-largest economies - China and ASEAN - along with key suppliers of energy and raw materials. The leaders did not conceal their optimism. Prime Minister Anwar Ibrahim advanced a vision of intercultural dialogue between Confucian and Islamic civilizations, aligning with China's Global Civilization Initiative. Chinese Premier Li Qiang envisaged a 'big triangle' as a pillar of global security and prosperity, invoking the 'shared Asian values' of openness, cooperation, and integration in contrast to perceived Western norms. Notably, Beijing's official discourse increasingly emphasizes these 'Asian values'. This narrative underpins a renewed focus on neighboring states. In April, Xi convened a rare high-level conference on relations with the 'near abroad', characterizing it as essential to China's development, security, and diplomatic priorities. Among other regional actors, this recalibration may evoke concerns about a resurgence of a modern-day 'Pax Sinica'. However, Beijing refutes these interpretations, instead invoking alternative historical models such as the Silk Road, which emphasized connectivity, integration, and equality. The China-ASEAN-GCC summit was no exception: Beijing proposed extending the existing China-ASEAN Free Trade Area to include the GCC, a suggestion welcomed by Southeast Asian leaders. This could accelerate China's bid for trade liberalization and amplify the benefits of the Regional Comprehensive Economic Partnership - the world's largest free trade zone, which includes all ASEAN nations. The summit's agenda focused heavily on economic issues, reflecting ASEAN's strategic orientation and the interests of Gulf states. Over the past decade, China has launched numerous projects with ASEAN members under the Belt and Road Initiative. Cooperation with the GCC is also expanding beyond traditional sectors such as raw materials to cutting-edge areas including artificial intelligence, the digital economy, and 5G technology. This economic emphasis is strategic, enabling stakeholders to bypass contentious political and security matters. And these contentious issues abound. While China maintains robust ties with both ASEAN and GCC members, bilateral frictions persist. Within ASEAN, territorial disputes and sovereignty concerns - particularly in the South China Sea - complicate trust-building. China's disputes with Brunei, Malaysia, the Philippines, and Vietnam are longstanding and strain regional relations. Perceptions of Chinese assertiveness also fuel anxieties over economic overdependence, potential 'debt traps', and Beijing's political leverage. These factors have prompted leaders such as Philippines President Ferdinand Marcos Jr. to move closer to the US in recent years. The broader China-US rivalry remains a defining dynamic. Both ASEAN and GCC nations have historically strong ties to the US. The US remains ASEAN's largest export market and top foreign investor. GCC countries, long aligned with Washington, now face the challenge of navigating a careful balance between American and Chinese interests, particularly on sensitive technologies and security cooperation. Washington opposes the adoption of Chinese 5G and AI technologies by Saudi Arabia, and similar concerns have led to the suspension of military agreements between the US and UAE. Additionally, discussions about conducting oil trade in the yuan challenge the petrodollar system and attract Western scrutiny. These geopolitical complexities could undermine trilateral collaboration, exposing fault lines and structural vulnerabilities. While sectors such as trade, energy, infrastructure, and advanced technology offer natural areas of convergence, geopolitical competition and cultural divergence present serious obstacles. Moreover, there is a pronounced asymmetry among the actors: Smaller ASEAN economies may lack the institutional and financial capacity to engage fully in this trilateral format. Nonetheless, the China-ASEAN-GCC platform represents a novel configuration within an emerging multipolar world order. It reflects the accelerating momentum of South-South cooperation, which integrates multipolarity with multilateralism and economic globalization. Trump's tariff storm served as a wake-up call for many US partners across ASEAN and the Gulf, underscoring the imperative of diversifying partnerships and embracing pragmatic alternatives. Closer ties with Beijing do not necessarily indicate a wholesale shift from one hegemon to another. Rather, ASEAN and the GCC are striving to engage both China and the US where feasible. Yet, recent developments suggest that Washington's strategy of pressuring states to reduce ties with China in exchange for benefits is losing traction. The key questions now are whether ASEAN can effectively balance great power rivalries to become an autonomous pole in a multipolar world; whether regional actors can sustain this delicate equilibrium and avoid the formation of military blocs in Asia-Pacific and beyond; and whether the trilateral framework itself can endure amid mounting geopolitical tensions. These remain open-ended questions - and the answers will emerge only with time. (

China rolls out
China rolls out

Malaysia Sun

time4 hours ago

  • Malaysia Sun

China rolls out

Xinhua 03 Jun 2025, 14:46 GMT+10 BEIJING, June 3 (Xinhua) -- China has launched an "ASEAN (the Association of Southeast Asian Nations) Visa" for the 10 ASEAN countries and ASEAN observer Timor-Leste, Chinese foreign ministry spokesperson Lin Jian told a regular press briefing on Tuesday. According to Lin, China will issue the corresponding category of "ASEAN Visa" for business personnel from the 11 countries, as well as their spouses and children, who meet the requirements. The visa will allow multiple entries within five years and a maximum stay period of 180 days. Lin said the "ASEAN visa" is launched on the basis of the comprehensive mutual visa exemption with Singapore, Thailand, Malaysia and other countries and the issuance of the "Lancang-Mekong visa" to Mekong River countries, aiming to further facilitate the cross-border movement of people within the region. In recent years, the building of the China-ASEAN community with a shared future has been continuously advanced, and important achievements have been made in jointly building a common home that features peace, tranquility, prosperity, a beautiful environment, and friendship, Lin noted. Noting that China and Southeast Asian countries have frequent personnel exchanges, Lin said further facilitating personnel exchanges is a common aspiration for both sides.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store