Latest news with #AhmadTajuddinAli
New Straits Times
20-05-2025
- Business
- New Straits Times
MIGHT launches reports to guide Malaysia's high-tech sector
KUALA LUMPUR: The Malaysian Industry-Government Group for High Technology (MIGHT) has released four strategic reports aimed at guiding the development of high-technology sectors in Malaysia. In a statement, MIGHT said the reports serve as reference points for policymakers, investors and industry players, offering data-driven insights on market size, growth potential, competitiveness and sector challenges. The reports launched are the Advanced Air Mobility (AAM) Industry Report, Exploring Malaysia's Space Frontiers 2024/2025, Aerospace Technology and Innovation Report 2025/2026, and Malaysian Shipbuilding and Ship Repair Industry Report 2025/2026. MIGHT co-chairman Tan Sri Ahmad Tajuddin Ali said the reports highlight key technologies and policy gaps that need to be addressed to strengthen Malaysia's high-tech ecosystem. On the maritime sector, he noted growing emphasis on eco-friendly ship designs, renewable energy integration and green vessels to boost sustainability and competitiveness. He also said the AAM report outlines the sector's potential in public transport, national security and logistics, while also pointing to hurdles such as outdated regulations, infrastructure limitations and a lack of local talent. "Our main focus is to overcome these barriers so Malaysia can emerge as a regional leader in the AAM sector," he said.
Malay Mail
24-04-2025
- Business
- Malay Mail
Mosti: Malaysia retains spot as world's ninth-largest high-tech exporter, hits RM557b in 2023
CYBERJAYA, April 24 — Malaysia successfully maintained its position as the ninth-largest exporter of high-technology goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade. Datuk Seri Hasnol Zam Zam Ahmad, secretary-general of the Ministry of Science, Technology and Innovation (Mosti), said that Malaysia's high-tech exports increased by US$2 billion (RM8.77 billion) to reach US$127 billion (RM556.7 billion) in 2023. He said high-tech exports comprised 58.69 per cent of total manufacturing exports in 2023, up from 52.48 per cent recorded in 2022. He also noted that the country recorded its highest trade surplus in a decade, totalling US$51.5 billion. 'Measuring the value of Malaysia's high-tech exports is not an easy task. First and foremost, the definition of 'high technology' must comply with international standards, including those set by the Organisation for Economic Co-operation and Development (OECD) and the World Bank. 'For a long time, the Malaysia Industry–Government Group for High Technology (Might) has been responsible for calculating and tracking Malaysia's high-tech export performance and will continue to carry out this important role moving forward,' he said during the launch of the Malaysia High Technology Performance Report 2023 here today. The report's launch briefing was also attended by Might co-chair (industry) Tan Sri Ahmad Tajuddin Ali, co-chair (government) Tan Sri Zakri Abdul Hamid, and president and chief executive officer Rushdi Abdul Rahim. Hasnol Zam Zam emphasised Mosti's commitment to expanding and strengthening the national innovation ecosystem to ensure sustained competitiveness across all development sectors, especially in high technology. In addition to Might, he mentioned that several international institutions also use high-tech export indicators as a key measure to assess a country's competitiveness and innovation capacity. Meanwhile, Rushdi noted that although the telecommunications electronics product group remained the largest contributor with US$36 billion, accounting for 80.58 per cent of total high-tech goods exports across nine subgroups, there remains significant growth potential in other categories such as scientific equipment, office machinery, electrical machinery, and aerospace surplus. However, he highlighted that these categories must be supported by a robust innovation ecosystem and effective market penetration strategies. 'Beyond directly contributing to the nation's aspiration to become a high-income, technology-based economy, this dynamic innovation ecosystem also strengthens Malaysia's position in achieving technological sovereignty, ensuring the country is not only capable of utilising but also mastering and controlling these strategic technologies,' he added. — Bernama
The Sun
24-04-2025
- Business
- The Sun
Malaysia remains 9th largest global exporter of high-tech products in 2023
CYBERJAYA: Malaysia successfully maintained its position as the ninth-largest exporter of high-technology goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade. Datuk Seri Hasnol Zam Zam Ahmad, secretary-general of the Ministry of Science, Technology and Innovation (MOSTI), said that Malaysia's high-tech exports increased by US$2 billion (US$1 = RM4.40) to reach US$127 billion in 2023. He said high-tech exports comprised 58.69 per cent of total manufacturing exports in 2023, up from 52.48 per cent recorded in 2022. He also noted that the country recorded its highest trade surplus in a decade, totalling US$51.5 billion. 'Measuring the value of Malaysia's high-tech exports is not an easy task. First and foremost, the definition of 'high technology' must comply with international standards, including those set by the Organisation for Economic Co-operation and Development (OECD) and the World Bank. 'For a long time, the Malaysia Industry-Government Group for High Technology (MIGHT) has been responsible for calculating and tracking Malaysia's high-tech export performance and will continue to carry out this important role moving forward,' he said during the launch of the Malaysia High Technology Performance Report 2023 here today. The report's launch briefing was also attended by MIGHT co-chair (industry) Tan Sri Ahmad Tajuddin Ali, co-chair (government) Tan Sri Zakri Abdul Hamid, and president and chief executive officer Rushdi Abdul Rahim. Hasnol Zam Zam emphasised MOSTI's commitment to expanding and strengthening the national innovation ecosystem to ensure sustained competitiveness across all development sectors, especially in high technology. In addition to MIGHT, he mentioned that several international institutions also use high-tech export indicators as a key measure to assess a country's competitiveness and innovation capacity. Meanwhile, Rushdi noted that although the telecommunications electronics product group remained the largest contributor with US$36 billion, accounting for 80.58 per cent of total high-tech goods exports across nine subgroups, there remains significant growth potential in other categories such as scientific equipment, office machinery, electrical machinery, and aerospace surplus. However, he highlighted that these categories must be supported by a robust innovation ecosystem and effective market penetration strategies. 'Beyond directly contributing to the nation's aspiration to become a high-income, technology-based economy, this dynamic innovation ecosystem also strengthens Malaysia's position in achieving technological sovereignty, ensuring the country is not only capable of utilising but also mastering and controlling these strategic technologies,' he added.
The Sun
24-04-2025
- Business
- The Sun
Malaysia still 9th largest high-tech exporter globally in 2023
CYBERJAYA: Malaysia successfully maintained its position as the ninth-largest exporter of high-technology goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade. Datuk Seri Hasnol Zam Zam Ahmad, secretary-general of the Ministry of Science, Technology and Innovation (MOSTI), said that Malaysia's high-tech exports increased by US$2 billion (US$1 = RM4.40) to reach US$127 billion in 2023. He said high-tech exports comprised 58.69 per cent of total manufacturing exports in 2023, up from 52.48 per cent recorded in 2022. He also noted that the country recorded its highest trade surplus in a decade, totalling US$51.5 billion. 'Measuring the value of Malaysia's high-tech exports is not an easy task. First and foremost, the definition of 'high technology' must comply with international standards, including those set by the Organisation for Economic Co-operation and Development (OECD) and the World Bank. 'For a long time, the Malaysia Industry-Government Group for High Technology (MIGHT) has been responsible for calculating and tracking Malaysia's high-tech export performance and will continue to carry out this important role moving forward,' he said during the launch of the Malaysia High Technology Performance Report 2023 here today. The report's launch briefing was also attended by MIGHT co-chair (industry) Tan Sri Ahmad Tajuddin Ali, co-chair (government) Tan Sri Zakri Abdul Hamid, and president and chief executive officer Rushdi Abdul Rahim. Hasnol Zam Zam emphasised MOSTI's commitment to expanding and strengthening the national innovation ecosystem to ensure sustained competitiveness across all development sectors, especially in high technology. In addition to MIGHT, he mentioned that several international institutions also use high-tech export indicators as a key measure to assess a country's competitiveness and innovation capacity. Meanwhile, Rushdi noted that although the telecommunications electronics product group remained the largest contributor with US$36 billion, accounting for 80.58 per cent of total high-tech goods exports across nine subgroups, there remains significant growth potential in other categories such as scientific equipment, office machinery, electrical machinery, and aerospace surplus. However, he highlighted that these categories must be supported by a robust innovation ecosystem and effective market penetration strategies. 'Beyond directly contributing to the nation's aspiration to become a high-income, technology-based economy, this dynamic innovation ecosystem also strengthens Malaysia's position in achieving technological sovereignty, ensuring the country is not only capable of utilising but also mastering and controlling these strategic technologies,' he added.
