Latest news with #AnnualDinner2025


The Sun
17 hours ago
- Business
- The Sun
RM2 billion HRD levy fund unlocked for graduate hiring in Malaysia
PETALING JAYA: Human Resources Minister Steven Sim Chee Keong has unveiled a RM2 billion allocation from the human resources development (HRD) levy fund to support graduate hiring. The initiative, described as a Merdeka gift, will allow employers to use levy funds for salaries of university and TVET graduates starting 1 September 2025. Sim made the announcement during his speech at the Federation of Malaysian Manufacturers (FMM) Annual Dinner 2025. He emphasised that the move aims to improve employer cashflow while prioritising human capital development. The minister noted that the policy will create higher-paying jobs and enhance on-the-job training opportunities for graduates. Sim urged industries to balance technological advancements with human capital investment amid rising AI adoption. He warned that AI could diminish the value of traditional academic degrees in the job market. Malaysia has invested RM77.2 billion in digitalisation efforts as of last year, according to the minister. Global tech giants like Google, Microsoft, Bytedance, and Amazon have pledged over RM60 billion in Malaysian investments. The National Semiconductor Strategy has attracted RM46.5 billion in high-tech sector investments, including wafer fabrication and AI chip production. The FMM event also celebrated the organisation's 57th anniversary. Digital Minister Gobind Singh Deo and FMM leaders Tan Sri Soh Thian Lai and Lee Chor Kok attended the dinner. The HRD levy fund initiative aligns with Malaysia's push for skilled workforce development in high-growth industries. Sim's announcement reflects the government's focus on bridging the gap between education and employment. The policy is expected to benefit both employers and fresh graduates entering the competitive job market. - Bernama


New Straits Times
17 hours ago
- Business
- New Straits Times
Employers can use RM2bil HRD levy to hire Malaysian graduates from September
PETALING JAYA: Human Resources Minister Steven Sim Chee Keong has announced that employers can utilise up to RM2 billion from the human resources development (HRD) levy fund to hire Malaysian graduates beginning Sept 1. "As a Merdeka gift, I am unlocking up to RM2 billion in the HRD levy fund for you to hire Malaysian graduates beginning Sept 1, 2025. "You will now be able to use your levy money to pay the salary of your workers if they are university graduates or TVET graduates," he said in his speech at the Federation of Malaysian Manufacturers (FMM) Annual Dinner 2025 here last night. Also present were Digital Minister Gobind Singh Deo, FMM president Tan Sri Soh Thian Lai and FMM deputy president Lee Chor Kok. Sim highlighted that the initiative would not only help employers improve cashflow, but also place a greater premium on human capital, create more higher-paying jobs and provide on-the-job training for graduates. He also reminded industry players not to overlook human capital while chasing technology-driven productivity, especially with artificial intelligence (AI) increasingly reshaping industries. "This confirmed our instinctive suspicion for the past few years. "AI replaces conventional academic-trained personnel… this will dent the signalling value of an academic degree in the future," he said. Sim said Malaysia had already spent up to RM77.2 billion on digitalisation until the end of last year, while global tech players such as Google, Microsoft, Bytedance and Amazon have committed to invest over RM60 billion in the country. "Through the National Semiconductor Strategy, Malaysia has also received RM46.5 billion in investments in high-tech, high-growth, high-value sectors such as wafer fabrication, AI chips and integrated circuit production," he said. The dinner also marked the 57th anniversary of FMM.– Bernama

Barnama
a day ago
- Business
- Barnama
HR Minister Unlocks RM2 Bln Levy Fund For Graduate Hiring As Merdeka Gift For Employers
BUSINESS PETALING JAYA, Aug 18 (Bernama) -- Human Resources Minister Steven Sim Chee Keong has announced that employers can utilise up to RM2 billion from the human resources development (HRD) levy fund to hire Malaysian graduates beginning Sept 1, 2025. 'As a Merdeka gift, I am unlocking up to RM2 billion in the HRD levy fund for you to hire Malaysian graduates beginning Sept 1, 2025. You will now be able to use your levy money to pay the salary of your workers if they are university graduates or TVET graduates,' he said in his speech at the Federation of Malaysian Manufacturers (FMM) Annual Dinner 2025 here today. Also present were Digital Minister Gobind Singh Deo, FMM president Tan Sri Soh Thian Lai and FMM deputy president Lee Chor Kok. Sim highlighted that the initiative would not only help employers improve cashflow, but also place a greater premium on human capital, create more higher-paying jobs and provide on-the-job training for graduates. He also reminded industry players not to overlook human capital while chasing technology-driven productivity, especially with artificial intelligence (AI) increasingly reshaping industries. 'This confirmed our instinctive suspicion for the past few years. AI replaces conventional academic-trained personnel… this will dent the signalling value of an academic degree in the future,' he said. The minister highlighted that Malaysia had already spent up to RM77.2 billion on digitalisation until the end of last year, while global tech players such as Google, Microsoft, Bytedance and Amazon have committed to invest over RM60 billion in the country. 'Through the National Semiconductor Strategy, Malaysia has also received RM46.5 billion in investments in high-tech, high-growth, high-value sectors such as wafer fabrication, AI chips and integrated circuit production,' he said. The dinner also marked the 57th anniversary of FMM.

Barnama
a day ago
- Business
- Barnama
Malaysia's Manufacturing Sector Poised For Growth With Right Partnerships & Policies -- PM Anwar
BUSINESS PETALING JAYA, Aug 18 (Bernama) -- Malaysia's manufacturing sector is poised to thrive in this new era with the right partnerships and policies, and ASEAN's leadership providing the platform for growth. Prime Minister Datuk Seri Anwar Ibrahim emphasised that this journey is not for the government alone, as partnerships between the government, industry and key stakeholders are crucial. 'It is through these collaborations that Malaysia's economic future will be shaped. 'Let me be clear: manufacturing is not a sector of the past – it is the sector of the future. It forms the foundation on which we will build economic strength and national resilience,' he said in a special video keynote address at the Federation of Malaysian Manufacturing (FMM) Annual Dinner 2025 here, tonight. Anwar noted that manufacturing today extends beyond production lines -- it is deeply integrated with global supply chains, innovation systems and workforce development. 'This shift is not only necessary, but strategic -- essential for the goal of re-engineering the industry to be globally competitive,' he said. As Malaysia navigates global challenges, he said the country must stay alert and agile. 'As ASEAN Chair this year, Malaysia has a unique opportunity to lead efforts in driving regional cooperation and economic integration. 'In a time of de-globalisation and shifting trade flows, Malaysia is well-positioned to benefit, due to our strategic location, strong infrastructure and manufacturing excellence,' he added.
Yahoo
05-02-2025
- Business
- Yahoo
Uni-Fuels Announces Sponsorship for IBIA Annual Dinner 2025
SINGAPORE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), ('Uni-Fuels' or the 'Company'), a global provider of marine fuel solutions headquartered in Singapore, today announced its bronze sponsorship of the International Bunker Industry Association (IBIA) Annual Dinner 2025 to take place on February 24 at the Grosvenor House Hotel in Mayfair, London. The annual event, which brings together key stakeholders, industry leaders, and decision makers from across the maritime and marine fuel sectors, has gained recognition as a hallmark occasion for fostering collaboration, innovation, and networking within the global marine fuel community. 'As a supporter of IBIA's mission to promote improved standards, knowledge, and understanding in the industry, Uni-Fuels is honored to participate as a bronze sponsor in this year's dinner,' said Uni-Fuels Chief Operating Officer Stefanie Tay. 'This event aligns with our core principles of innovation, collaboration, and excellence in the marine fuels sector, and provides a valuable platform to engage with our peers and discuss future progress in our industry.' Ms. Tay added that the sponsorship also underscores Uni-Fuels' dedication to addressing critical industry challenges such as decarbonization, sustainability, and operational efficiency. By supporting the IBIA Annual Dinner, she said, the Company reaffirms its commitment to fostering dialogue and collaboration that drive 'meaningful progress in the industry.' About Uni-Fuels Holdings Limited Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore. For more information, visit About IBIA The International Bunker Industry Association (IBIA) is the voice of the global bunker industry and represents all stakeholders across the industry value chain. Its membership includes ship owners/operators, bunker suppliers, traders, brokers, barging companies, storage companies, surveyors, port authorities, credit reporting companies, lawyers, P&I clubs, equipment manufacturers, shipping journalists and marine consultants. Today it has members in more than 70 countries. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate', 'estimate', 'expect', 'project', 'plan', 'intend', 'believe', 'may', 'will', 'should', 'can have', 'likely' and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels' current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Contact Information For Investor Relations: Uni-Fuels Holdings LtdEmail: investors@ Skyline Corporate Communications Group, LLCEmail: info@ in to access your portfolio