Franchising, TVET and tourism ties to be strengthened
LONDON: Datuk Seri Dr Ahmad Zahid Hamidi concluded his working visit to the United Kingdom, generating renewed enthusiasm to strengthen ties in the areas of franchising, education, Technical and Vocational Education and Training (TVET), and tourism between the two nations.
The Deputy Prime Minister said a joint committee between Malaysia and the UK franchise associations would be formed to enhance cooperation between the two countries.
The committee needs to be formed to provide greater market exposure for Malaysian companies, he added.
'We feel there is a lot of potential for Malaysian companies to establish and expand their franchises in the UK, especially in terms of halal products, be they food and beverage, education, cosmetics or even traditional Malay medicine.
'The committee must be formed immediately and I will monitor its performances every six months through the Cabinet committee on franchise, which I chair,' he told reporters towards the end of his four-day visit here.
Ahmad Zahid said the decision was made following a dialogue session with franchise players from Malaysia and the UK.
The Deputy Prime Minister, who also held a dialogue session with tourism industry players, said engaging with the various industries was an important step, instead of depending solely on government-to-government talks.
'What is more important is business-to-business as well as people-to-people engagements.
'I feel such engagements will have a big impact on the two countries,' he added.
On the TVET front, Ahmad Zahid, who gave a public lecture at University College London during his working visit, said Malaysia is laying the foundation to become Asean's TVET Certification and Excellence Hub, particularly in high-impact sectors like aerospace, green energy, advanced manufacturing and cybersecurity.
'TVET's intake has reached 436,285, with 53.5% of SPM (Sijil Pelajaran Malaysia) school-leavers choosing the course.
'Some 94.5% of graduates successfully obtained jobs.
'To further strengthen this achievement, Malaysia will send teaching personnel for further studies through global cooperation with the UK to expand relations with industries and ensure marketability,' he said.
Ahmad Zahid expressed optimism about enhancing bilateral ties with the UK in the areas of TVET, rural development and renewable energy.
The move aims to bolster resilience against global climate change, following his meeting with the Secretary of State for Environment, Food and Rural Affairs, Steve Reed.
'I also reaffirmed Malaysia's commitment towards expanding cooperation with UK academic and industrial institutions, and also touched on cooperation on rural transformation,' he added.
During his meeting with Malaysian students, particularly those sponsored by Mara, Ahmad Zahid expressed his pleasure at their enthusiasm regarding the transformative policy on TVET introduced by the government.
'I reiterated that the students, especially the Mara-sponsored ones, must not only gain knowledge abroad but they must return to Malaysia and contribute to the country,' he said.
The Deputy Prime Minister departed for Geneva for a working visit.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
an hour ago
- New Straits Times
Asian currencies poised for weekly gains; rate cut lifts Indian equities
SINGAPORE/HONG KONG: Asian currencies were steady on Friday and poised for weekly gains after a phone call between US President Donald Trump and Chinese leader Xi Jinping signalled further trade talks, while most regional equities tracked Wall Street's overnight losses. In India, equities reversed course to rise 0.9 per cent after the Reserve Bank of India delivered a larger-than-expected cut to its key repo rate and lowered the cash reserve ratio to bolster economic growth. "The RBI may have decided to move quickly to a more appropriate policy rate level. A shift towards neutral stance means more rate cuts may be unlikely in the near-term," Jeff Ng, Head of Asia Macro Strategy at SMBC, said. The rupee inched up 0.1 per cent to 85.74 per dollar. Other regional currencies moved within a narrow band. The Thai baht and Singapore dollar were largely flat but were on track for weekly gains of 0.5 per cent and 0.4 per cent, respectively. The Malaysian ringgit was up nearly 0.6 per cent for the week. MSCI's index of emerging market currencies was flat after touching an all-time high on Thursday. The index is up 0.5 per cent for the week. The dollar index was little changed, after hitting a six-week low on Thursday, and was headed for a weekly loss of 0.5 per cent. Trump's erratic tariff moves and a worsening US fiscal outlook have triggered a flight from the dollar, prompting analysts to expect most emerging market currencies will retain or build on their gains over the next six months. In their closely watched hour-long phone call on Thursday, Xi pressed Trump to ease trade tensions that have rattled the global economy and warned against provocative moves on Taiwan, according to a summary released by the Chinese government. But Trump said on social media that the talks, focused primarily on trade, led to "a very positive conclusion". "The talks look positive, and coupled with Federal Reserve rate cut expectations due to weak US data, might lead to further USD softening," said Saktiandi Supaat, Head of FX research at Maybank. Markets are now bracing for the US jobs and non-farm payrolls report due later in the day, with concerns that a downside surprise could stoke stagflation fears and boost pressure on the Federal Reserve to quickly ease policy. Other regional stocks were broadly lower, tracking Wall Street's losses from overnight. MSCI's gauge of Asian emerging market equities edged down 0.1 per cent. Equities in Malaysia and Thailand fell 0.1 per cent and 0.8 per cent, respectively.


Malaysiakini
an hour ago
- Malaysiakini
PN's Indian wing backs Dr M's 'Malay unity' call for stability
The Malaysian Indian People's Party (MIPP) today sought to allay criticisms over ex-prime minister Dr Mahathir Mohamad's announcement of a Malay secretariat to 'save the Malays'. In a statement today, the ethnic Indian party under Perikatan Nasional said Mahathir's initiative is not a rejection of diversity or democracy. 'Rather, it acknowledges a critical reality: two of Malaysia's...


Daily Express
2 hours ago
- Daily Express
Gamalux Oils CEO calls for mandatory sustainable aviation fuel purchases by local airlines
Published on: Friday, June 06, 2025 Published on: Fri, Jun 06, 2025 By: Bernama Text Size: Usman said Malaysia has the industrial capacity and feedstock availability to support SAF production at scale, but policy intervention is needed to create demand certainty. Kuala Lumpur: Mandatory purchases of sustainable aviation fuel (SAF) by local airlines at Malaysian airports are necessary to drive adoption and unlock the country's potential in the SAF sector, said Gamalux Oils Sdn Bhd chief executive officer Usman Ahmed. Usman said Malaysia has the industrial capacity and feedstock availability to support SAF production at scale, but policy intervention is needed to create demand certainty. Advertisement 'We have all the feedstocks such as used cooking oil, palm oil mill effluent, empty fruit bunch oil and spent bleaching earth oil. 'In my humble opinion, what Malaysia needs is a regulatory policy framework that enables SAF blending and mandates purchase by national airlines at all airports in the country,' he told Bernama after appearing on Bernama TV's The Nation programme titled 'The Future of Sustainable Aviation Fuel'. SAF is a low-carbon alternative to conventional jet fuel, produced from sustainable feedstocks, including used cooking oil and agricultural waste. Responding to concerns about the scalability of used cooking oil as a SAF feedstock, Usman affirmed its viability in substantial volumes. 'According to export data from the Malaysian Palm Oil Board, Malaysia exports approximately 600,000 tonnes of used cooking oil annually, a substantial volume that makes it a viable feedstock for any SAF production facility,' he said. While Malaysia does not currently have SAF production plants, Usman pointed out that pre-treatment and refining facilities are already in place. 'We export our products to companies such as BP, Eni of Italy, Neste of Finland, as well as other European and Asian firms, which convert them into tailor-made SAF. Regarding the SAF industry's value, Usman estimated that Malaysia exports around 1.5 million tonnes of SAF-grade or hydrotreated vegetable oil (HVO) feedstock annually. 'Based on current prices of around US$1,100 (US$1 = RM4.22) per tonne, we're looking at US$15 to US$18 billion worth of commodity products exported annually,' he said. Usman noted that while SAF is more expensive than conventional jet fuel, the cost impact on passengers would be modest if SAF blending is mandated. 'At the end of the day, the cost is borne by the passenger, possibly with some government subsidy, but we must recognise that this is for the greater good, as it supports the decarbonisation of aviation and the reduction of greenhouse gas emissions,' he explained. Usman added that global geopolitical tensions and commodity price volatility continue to affect the SAF price gap, making regulatory certainty even more vital. He said Malaysia is on the right track with the government's National Energy Transition Roadmap and its 2050 net-zero emissions target already in place, adding that a regulatory policy framework to support SAF blending would further strengthen the country's progress. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia