Latest news with #ASEAN-GCCEconomicForum2025
Malaysia Sun
a day ago
- Business
- Malaysia Sun
Malaysia, UAE deepen digital ties with AI partnership
KUALA LUMPUR, June 3 (Xinhua) -- Malaysia Madani Artificial Intelligence (MMAI Technologies SDN. BHD.), a wholly owned entity of the Malaysian government, and Presight, a UAE-based global artificial intelligence (AI) and big data analytics company, announced Monday an agreement set to accelerate Malaysia's digital transformation. The duo said in a statement that this collaboration will harness advanced AI and sovereign cloud infrastructure to strengthen national security, enhance Malaysian government efficiency, and drive data-powered governance. The agreement, formally exchanged at the ASEAN-GCC Economic Forum 2025, marks a pivotal advancement in AI collaboration between the UAE and Malaysia. The partnership will see the two entities collaborate on a range of critical initiatives, including the development of sovereign cloud infrastructure, AI solutions, and applications for digital transformation across national safety, public security, and government efficiency. "Through this partnership with Presight, Malaysia gains access to world-class expertise that will propel our nation forward, aligning perfectly with our Malaysia Madani vision for a technologically advanced and digitally sovereign future," said Saifuddin Nasution Ismail, minister of Home Affairs of Malaysia. He also mentioned that this collaboration not only boosts Malaysia's domestic resilience but also reinforces the strong bilateral relationship between Malaysia and the UAE, positioning both nations as pivotal contributors to the evolving global AI applications ecosystem.
Al Etihad
2 days ago
- Business
- Al Etihad
Presight drives digital and AI-enabled economy in Malaysia
2 June 2025 21:09 ABU DHABI (ALETIHAD)Presight, a UAE-based leading global AI and big data analytics company, and Malaysia Madani Artificial Intelligence (MMAI Technologies SDN. BHD.), a wholly owned entity of the Malaysian Government, on Monday announced a landmark agreement set to accelerate Malaysia's digital collaboration will harness advanced AI and sovereign cloud infrastructure to strengthen national security, enhance government efficiency, and drive data-powered agreement formally exchanged at the ASEAN-GCC Economic Forum 2025, marks a pivotal advancement in AI collaboration between the UAE and Malaysia, and is Presight's first major initiative in the Southeast Asia exchange of agreements was conducted in the presence of Anwar Ibrahim, Prime Minister of Malaysia, Saifuddin Nasution Ismail, Minister of Home Affairs of Malaysia, and Peng Xiao, Group CEO of partnership will see the two entities collaborate on a range of critical initiatives including the development of sovereign cloud infrastructure, AI solutions and applications for digital transformation across national safety, public security, and government Nasution Ismail, Minister of Home Affairs of Malaysia, said: 'This partnership is uniquely strengthened by the UAE's proactive and pioneering efforts in artificial intelligence. Having embarked on its AI journey early, the UAE has made significant strides in both the practical application of AI technologies and the development of comprehensive governance frameworks. This rich experience, embodied by Presight, offers an invaluable foundation for Malaysia's AI ambitions.'The UAE's journey in AI, marked by its progressive policies and robust implementation, provides a powerful precedent. Through this partnership with Presight, Malaysia gains access to world-class expertise that will propel our nation forward, aligning perfectly with our Malaysia Madani vision for a technologically advanced and digitally sovereign future.'This collaboration not only boosts Malaysia's domestic resilience but also reinforces the strong bilateral relationship between Malaysia and the UAE, positioning both nations as pivotal contributors to the evolving global AI applications ecosystem.'Thomas Pramotedham, CEO of Presight, said: 'This agreement exemplifies our commitment to using Applied AI to create tangible national impact. By partnering with MMAI, we are not only accelerating Malaysia's journey towards becoming a digitally advanced, AI-enabled economy, but also laying the foundation for long-term innovation, efficiency, and resilience across critical sectors.'From secure data infrastructure to enhanced AI and analytics for key Malaysian agencies, we're pleased to bring cutting-edge solutions that drive real progress. This collaboration reflects our shared belief that technology when used responsibly and strategically, can be a catalyst for transformative change.'We commend the leadership of Malaysia for their vision to enable economic growth through strategic investment in AI nation-building projects.'The Presight and MMAI agreement reinforces the strategic objectives of Malaysia's MADANI economic framework, launched by His Excellency Anwar Ibrahim in July 2023. The initiative seeks to elevate Malaysia's economic standing by promoting sustainable development, fair wealth distribution, and robust investment in innovation. MMAI serves as the AI cornerstone in the nation's pursuit of these announcement follows an MoU signed in Abu Dhabi on January 13, 2025, witnessed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and Anwar Ibrahim, Prime Minister of Malaysia. The MoU outlined a shared commitment to invest in AI-driven capabilities designed to improve national safety, public security, and government collaboration also builds on the momentum generated by the UAE-Malaysia Comprehensive Economic Partnership Agreement (CEPA), confirmed in October 2024. Bilateral non-oil trade between the two countries reached $2.5 billion in the first half of 2024, a 7% year-on-year increase, highlighting the strength and growing depth of this the exchange of agreements, Pramotedham took part in a panel discussion at the ASEAN-GCC Economic Forum, titled: AI Impact Across Industries, where he shared insights on how AI is transforming sectors around the world and driving meaningful, real-world outcomes. Source: Aletihad - Abu Dhabi
Channel Post MEA
2 days ago
- Business
- Channel Post MEA
Presight Signs AI Collaboration To Accelerate Malaysia's Digital Transformation
Malaysia Madani Artificial Intelligence (MMAI Technologies SDN. BHD.), a wholly owned entity of the Malaysian Government, and Presight, a UAE-based leading global AI and big data analytics company, today announced a landmark agreement set to accelerate Malaysia's digital transformation. This collaboration will harness advanced AI and sovereign cloud infrastructure to strengthen national security, enhance government efficiency, and drive data-powered governance. The agreement, formally exchanged at the ASEAN-GCC Economic Forum 2025, marks a pivotal advancement in AI collaboration between the UAE and Malaysia, and is Presight's first major initiative in the South-east Asia region. The exchange of agreements was conducted in the presence of His Excellency Anwar Ibrahim, Prime Minister of Malaysia, His Excellency Saifuddin Nasution Ismail, Minister of Home Affairs of Malaysia, and Peng Xiao, Group CEO of G42. The partnership will see the two entities collaborate on a range of critical initiatives including the development of sovereign cloud infrastructure, AI solutions and applications for digital transformation across national safety, public security, and government efficiency. His Excellency Saifuddin Nasution Ismail, Minister of Home Affairs of Malaysia, commented: 'This partnership is uniquely strengthened by the UAE's proactive and pioneering efforts in artificial intelligence. Having embarked on its AI journey early, the UAE has made significant strides in both the practical application of AI technologies and the development of comprehensive governance frameworks. This rich experience, embodied by Presight, offers an invaluable foundation for Malaysia's own AI ambitions. 'The UAE's journey in AI, marked by its progressive policies and robust implementation, provides a powerful precedent. Through this partnership with Presight, Malaysia gains access to world-class expertise that will propel our nation forward, aligning perfectly with our Malaysia Madani vision for a technologically advanced and digitally sovereign future. 'This collaboration not only boosts Malaysia's domestic resilience but also reinforces the strong bilateral relationship between Malaysia and the UAE, positioning both nations as pivotal contributors to the evolving global AI applications ecosystem.' Thomas Pramotedham, CEO of Presight, said: 'This agreement exemplifies our commitment to using Applied AI to create tangible national impact. By partnering with MMAI, we are not only accelerating Malaysia's journey towards becoming a digitally advanced, AI-enabled economy, but also laying the foundation for long-term innovation, efficiency, and resilience across critical sectors. 'From secure data infrastructure to enhanced AI and analytics for key Malaysian agencies, we're pleased to bring cutting-edge solutions that drive real progress. This collaboration reflects our shared belief that technology, when used responsibly and strategically, can be a catalyst for transformative change. 'We commend the leadership of Malaysia for their vision to enable economic growth through strategic investment in AI nation-building projects.' Advancing Shared National Priorities through AI The Presight and MMAI agreement reinforces the strategic objectives of Malaysia's MADANI economic framework, launched by His Excellency Anwar Ibrahim in July 2023. The initiative seeks to elevate Malaysia's economic standing by promoting sustainable development, fair wealth distribution, and robust investment in innovation. MMAI serves as the AI cornerstone in the nation's pursuit of these goals. Today's announcement follows an MoU signed in Abu Dhabi on 13 January 2025, witnessed by His Highness Sheikh Khaled bin Mohamed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and His Excellency Anwar Ibrahim, Prime Minister of Malaysia. The MoU outlined a shared commitment to invest in AI-driven capabilities designed to improve national safety, public security, and government efficiency. This collaboration also builds on the momentum generated by the UAE-Malaysia Comprehensive Economic Partnership Agreement (CEPA), confirmed in October 2024. Bilateral non-oil trade between the two countries reached US$2.5 billion in the first half of 2024, a 7% year-on-year increase, highlighting the strength and growing depth of this relationship. Presight Reinforces Thought Leadership on AI at ASEAN-GCC Forum Alongside the exchange of agreements, CEO Thomas Pramotedham took part in a panel discussion at the ASEAN-GCC Economic Forum, titled: AI Impact Across Industries, where he shared insights on how AI is transforming sectors around the world and driving meaningful, real-world outcomes. 0 0
Barnama
28-05-2025
- Business
- Barnama
MITI Studying Proposal To Merge HDC And MATRADE
BUSINESS Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz speaks to the press after attending the ASEAN-Gulf Cooperation Council (GCC) Economic Forum 2025 today. KUALA LUMPUR, May 28 (Bernama) -- The Investment, Trade and Industry Ministry (MITI) is studying the merger of the Halal Development Corporation (HDC) and the Malaysia External Trade Development Corporation (MATRADE). Its Minister Tengku Datuk Seri Zafrul Aziz said the matter is under discussion because there were several other proposals put forward such as strengthening the country's halal industry. "We want to strengthen the halal industry by focusing on halal development and do not want any overlap in terms of halal trade. "We want MATRADE to focus more on halal trade in terms of providing access to halal products, while we want to ensure that HDC focuses more on halal development," he told reporters after the ASEAN-GCC Economic Forum 2025 here today. Tengku Zafrul said the Malaysian Investment Development Authority (MIDA) would focus on investments involving the halal industry. MITI announced recently that MATRADE and HDC would be merging to form a stronger and more cohesive halal trade and industry ecosystem. The ministry said a pro-tem committee for the strategic merger has been established to align resources and operational frameworks while ensuring that the consolidation of functions and jobs is equitably managed. 'The merger aims to enhance Malaysia's leadership and competitiveness in the global halal market, which is projected to reach US$5 trillion by 2030," MITI said in a statement. Meanwhile, Tengku Zafrul said the Malaysian Halal Council secretariat has proposed the establishment of a Halal Commission, which will be brought to the Cabinet's attention soon.
Barnama
28-05-2025
- Business
- Barnama
Introduce New Legislation To Enable AI To Operate Independently
BUSINESS KUALA LUMPUR, May 28 (Bernama) -- New legislation has to be introduced to enable artificial intelligence (AI) to operate independently, without having to subject itself to the laws of the country, said Prime Minister Datuk Seri Anwar Ibrahim. Although national laws protect a country's sovereignty, new legislation has to be enacted to transform new technologies. "If you want to accept AI, then you cannot be thinking of sovereignty in the old school form," he said. The prime minister said this during a panel session at the ASEAN-GCC Economic Forum 2025, titled 'The Intelligent Grid: Building Bridges Through Sovereign AI Collaboration' organised by Fortune here, today. Anwar also noted that although some ASEAN and Gulf Cooperation Council (GCC) countries have only recently begun substantive engagement with Malaysia, there is already a strong foundation of mutual understanding on critical issues. 'These include governance, international relations, and the adoption of new technologies such as digital transformation and alternative energy. "When you have leaders having that sort of mindset, promoting new technological advancement and change, it could not have happened if we do not have this basic trust with one another,' he said. He noted that such trust was instrumental in encouraging broader cooperation, with ASEAN and GCC getting onboard, and persuading China to align on certain positions. He reiterated that these fundamentals are supported by the fact that ASEAN is relatively one of the most peaceful regions in the world, coupled with its status as the fastest-growing economy, while the GCC countries continue to achieve remarkable progress in renewable energy, digital transformation, and AI adoption.
