Input from Asean AI Summit to spur M'sia's ambition to be key leader
Digital Ministry secretary-general Fabian Bigar said AAIMS 2025, scheduled to be held at the Malaysia International Trade and Exhibition Centre (Mitec), Kuala Lumpur from Aug 12-13 with the theme Human Centred AI, is the first AI conference for Asean.
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The Star
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Ringgit poised for cautious trading as US tariff concerns linger
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The Star
an hour ago
- The Star
Conference hopes to set direction for regional AI advancement
Digital Ministry secretary-general Fabian Bigar KUALA LUMPUR: The Asean Artificial Intelligence Malaysia Summit (AAIMS) 2025 will provide input for the National Artificial Intelligence (AI) Action Plan 2030 in an effort to achieve Malaysia's ambition to become a leader in AI and digital technology in South-East Asia. Digital Ministry secretary-general Fabian Bigar said AAIMS 2025, scheduled to be held at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur on Aug 12 and 13. The summit will feature the theme Human Centred AI, is the first regional AI conference for Asean. 'We haven't had an AI conference like this before, so we want to see it continue because it's not just a conference where we showcase technology, but is also a platform for discussion among ministers, sharing information and knowledge from industry and academia. 'In line with the theme of human-centred AI for a better tomorrow, it will highlight the benefits of AI for people and reduce the negative effects of AI,' he said during the a programme titled 'AAIMS: AI Driving Asean's Digital Economy' on Bernama TV recently. He said the conference would be attended by more than 1,500 delegates including Asean secretary-general Kao Kim Hourn. According to Fabian, among Malaysia's objectives in hosting AAIMS 2025 is to lead the AI transformation in Asean, as well as strengthen regional cooperation to advance the AI framework through the Asean AI framework and create an Asean AI Safety Network. 'We have plans to attract strategic investments so we also want to give confidence to foreign investors that Malaysia is ready to become a regional AI hub. We will also promote comprehensive AI development programmes,' he said. He said that in the face of geopolitical turmoil between the world's two superpowers, Malaysia and Asean have an opportunity to create a third path in AI. 'There is an urgent need because of these geopolitical problems for us in Asean to work together regionally to face the challenges of AI,' he said. Prime Minister Datuk Seri Anwar Ibrahim said, through the tabling of the 13th Malaysia Plan earlier this month, the country has set a clear direction to lead South-East Asia's growth in the AI, digital technology and renewable energy industries. He said the National AI Action Plan 2030 would drive local talent development, research and technology commercialisation to support the widespread adoption of AI. In addition, Anwar said the coverage of the country's 5G networks is targeted to achieve 98% in populated, industrial, and rural areas by 2030. He added that this is hoped to produce at least 5,000 digital entrepreneurs. — Bernama
New Straits Times
10 hours ago
- New Straits Times
Ringgit likely to trade cautiously next week amid US tariff concerns
Bernama KUALA LUMPUR: The ringgit is anticipated to trade cautiously against the dollar next week as investors monitor external developments, particularly regarding United States tariffs. In a research note, Kenanga Investment Bank Bhd stated that the ringgit should find support from domestic economic stability and a softer US dollar, likely holding near current levels. "President Donald Trump's proposed chips and pharmaceutical tariffs will likely dampen sentiment in risk assets. Investors are also tracking pressure on BRICS and signs of strain in the US-China trade detente. "Trump's rapid-fire policy moves and media headlines continue to drive market uncertainty," it said. As such, the research firm said the ringgit has traded higher this week, hovering within the range of 4.23-4.24 after a weaker-than-expected US jobs report pulled the greenback lower. On a Friday-to-Friday basis, the ringgit ended the week higher against the greenback, closing at 4.2420/2480 versus 4.2750/2815 previously. However, the local note traded lower against a basket of major currencies. On Friday, the ringgit depreciated vis-à-vis the Japanese yen to 2.8720/8763 from 2.8407/8452 the previous week, declined against the British pound to 5.7034/7114 from 5.6208/6293 and eased versus the euro to 4.9381/9451 from 4.8752/8826. The ringgit also trended lower against Asean currencies. The local note slipped against the Singapore dollar to 3.3014/3064 from 3.2907/2960 at the end of last week, inched down versus the Thai baht to 13.1173/1419 from 13.0058/0319, slid versus the Indonesian rupiah to 260.3/260.8 from 258.8/259.4 and edged down against the Philippine peso to 7.43/7.44 from 7.35/7.36 in the preceding week.
