Latest news with #HalalDevelopmentCorporationBhd
New Straits Times
16-05-2025
- Business
- New Straits Times
HDC, Muslim Friendly Watch partner to boost Malaysia-China halal trade
KUALA LUMPUR: Halal Development Corporation Bhd (HDC), an agency under the Ministry of Investment, Trade and Industry, has formed a strategic partnership with Muslim Friendly Watch (MFW) to advance Malaysia's Halal Diplomacy efforts and boost halal trade between Malaysia and China. The collaboration, which takes effect immediately, is designed to deepen halal business ties and enhance digital connectivity between the two nations. HDC chief executive officer Hairol Ariffein Sahari said the partnership aims to support Malaysian small and medium enterprises (SMEs) in breaking into China's expanding halal market by leveraging digital platforms, access to financing, and e-commerce solutions. "Together with MFW, the collaboration will support Malaysian small and medium enterprises entering China's halal market through access to digital ecosystems, financing, and e-commerce platforms," he said. China has emerged as a major player in the global halal industry, driven by a Muslim population exceeding 20 million and growing interest among non-Muslim consumers. In 2024, China was one of the top two destinations for Malaysia's halal exports, reaching RM7.04 billion in food and beverages, palm oil derivatives, industrial chemicals, cosmetics and pharmaceuticals. China's halal market is further expanding due to its Belt and Road Initiative, as well as halal industrial zones in regions like Ningxia and Xinjiang with increasing cross-border e-commerce activity. MFW president Noorman Kamsani added this collaboration enables businesses to transition more confidently towards Halal certification with a framework signifying consumer expectations and industry standards. Through this partnership, HDC and MFW will work on stakeholder engagement, awareness programmes, and the Muslim Choice System to enhance trust and transparency in halal practices.
The Sun
22-04-2025
- Business
- The Sun
Ahmad Zahid chairs Malaysia-Indonesia halal industry roundtable
JAKARTA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi on Tuesday led the Malaysia-Indonesia Halal Industry Collaboration Roundtable, a strategic platform underscoring both nations' shared commitment to regional cooperation and inclusive growth within the global halal economy. The discussions focused on tackling trade-related challenges, exploring investment opportunities, and promoting joint ventures between Malaysian and Indonesian businesses. The roundtable also aimed to strengthen ASEAN-wide halal cooperation, positioning the region to tap into the projected US$5 trillion (US$1=RM4.383) global halal market by 2030. 'The session emphasised actionable strategies to sustain and grow bilateral trade flows while capitalising on each country's comparative advantages,' he said in a statement today. Ahmad Zahid emphasised that both nations will drive inclusive growth and create complementary value for the respective halal economies by aligning Malaysia's Halal Industry Master Plan 2030 (HIMP 2030) and Indonesia's halal economy roadmap. The roundtable, organised by the Halal Development Corporation Bhd (HDC), an agency under the Ministry of Investment, Trade and Industry (MITI), continues its mission to strengthen Malaysia's footprint in the halal industry. The roundtable also emphasised Malaysia's globally recognised halal ecosystem and its crucial role as ASEAN chair in 2025, while bringing together key stakeholders from Malaysia and Indonesia. 'Malaysia is advancing a cooperative halal agenda that balances economic opportunity with values-based trade, showing the region's growing influence in shaping the global halal landscape,' said the deputy minister. Ahmad Zahid pointed out that Malaysia and Indonesia share a long-standing partnership in the halal sector, steered by mutual objectives to complement standards and enhance trade flows. In June 2023, the Department of Islamic Development Malaysia (JAKIM) and Indonesia's Badan Penyelenggara Jaminan Produk Halal (BPJPH) signed a cooperation agreement on mutual recognition of halal certificates. The agreement has streamlined market access by eliminating redundant certification processes, simplifying cross-border trade for certified products in both countries. Trade figures underscore the significance of Malaysia-Indonesia economic ties in the halal industry, with Malaysia exporting RM7.77 billion worth of halal-certified products to Indonesia between 2021 and 2023. The roundtable meeting featured participation from prominent entities, including JAKIM, Malaysia External Trade Development Corporation (MATRADE), BPJPH, Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS), and Kamar Dagang dan Industri Indonesia (KADIN).
The Sun
22-04-2025
- Business
- The Sun
Ahmad Zahid chairs Malaysia-Indonesia halal industry collaboration roundtable
JAKARTA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi on Tuesday led the Malaysia-Indonesia Halal Industry Collaboration Roundtable, a strategic platform underscoring both nations' shared commitment to regional cooperation and inclusive growth within the global halal economy. The discussions focused on tackling trade-related challenges, exploring investment opportunities, and promoting joint ventures between Malaysian and Indonesian businesses. The roundtable also aimed to strengthen ASEAN-wide halal cooperation, positioning the region to tap into the projected US$5 trillion (US$1=RM4.383) global halal market by 2030. 'The session emphasised actionable strategies to sustain and grow bilateral trade flows while capitalising on each country's comparative advantages,' he said in a statement today. Ahmad Zahid emphasised that both nations will drive inclusive growth and create complementary value for the respective halal economies by aligning Malaysia's Halal Industry Master Plan 2030 (HIMP 2030) and Indonesia's halal economy roadmap. The roundtable, organised by the Halal Development Corporation Bhd (HDC), an agency under the Ministry of Investment, Trade and Industry (MITI), continues its mission to strengthen Malaysia's footprint in the halal industry. The roundtable also emphasised Malaysia's globally recognised halal ecosystem and its crucial role as ASEAN chair in 2025, while bringing together key stakeholders from Malaysia and Indonesia. 'Malaysia is advancing a cooperative halal agenda that balances economic opportunity with values-based trade, showing the region's growing influence in shaping the global halal landscape,' said the deputy minister. Ahmad Zahid pointed out that Malaysia and Indonesia share a long-standing partnership in the halal sector, steered by mutual objectives to complement standards and enhance trade flows. In June 2023, the Department of Islamic Development Malaysia (JAKIM) and Indonesia's Badan Penyelenggara Jaminan Produk Halal (BPJPH) signed a cooperation agreement on mutual recognition of halal certificates. The agreement has streamlined market access by eliminating redundant certification processes, simplifying cross-border trade for certified products in both countries. Trade figures underscore the significance of Malaysia-Indonesia economic ties in the halal industry, with Malaysia exporting RM7.77 billion worth of halal-certified products to Indonesia between 2021 and 2023. The roundtable meeting featured participation from prominent entities, including JAKIM, Malaysia External Trade Development Corporation (MATRADE), BPJPH, Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS), and Kamar Dagang dan Industri Indonesia (KADIN).
New Straits Times
22-04-2025
- Business
- New Straits Times
Zahid chairs Malaysia-Indonesia halal industry collaboration roundtable
JAKARTA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi today chaired the Malaysia-Indonesia Halal Industry Collaboration Roundtable, a strategic platform highlighting both nations' shared commitment to regional cooperation and inclusive growth within the global halal economy. The discussions focused on tackling trade-related challenges, exploring investment opportunities, and promoting joint ventures between Malaysian and Indonesian businesses. The roundtable also aimed to bolster Asean-wide halal cooperation, positioning the region to tap into the projected US$5 trillion global halal market by 2030. . "The session emphasised actionable strategies to sustain and grow bilateral trade flows while capitalising on each country's comparative advantages," he said in a statement today. Zahid said that both nations would drive inclusive growth and create complementary value for the respective halal economies by aligning Malaysia's Halal Industry Master Plan 2030 (HIMP 2030) and Indonesia's halal economy roadmap. The roundtable, organised by the Halal Development Corporation Bhd (HDC), an agency under the Investment, Trade and Industry Ministry (Miti), continues its mission to strengthen Malaysia's footprint in the halal industry. The roundtable also emphasised Malaysia's globally recognised halal ecosystem and its crucial role as Asean chair in 2025, while bringing together key stakeholders from Malaysia and Indonesia. "Malaysia is advancing a cooperative halal agenda that balances economic opportunity with values-based trade, showing the region's growing influence in shaping the global halal landscape," he said. Zahid said that Malaysia and Indonesia shared a long-standing partnership in the halal sector, steered by mutual objectives to complement standards and enhance trade flows. In June 2023, the Department of Islamic Development Malaysia (Jakim) and Indonesia's Badan Penyelenggara Jaminan Produk Halal (BPJPH) signed a cooperation agreement on mutual recognition of halal certificates. The agreement has streamlined market access by eliminating redundant certification processes, simplifying cross-border trade for certified products in both countries. Trade figures underscore the significance of Malaysia-Indonesia economic ties in the halal industry, with Malaysia exporting RM7.77 billion worth of halal-certified products to Indonesia between 2021 and 2023.
Malay Mail
22-04-2025
- Business
- Malay Mail
DPM Zahid: Malaysia, Indonesia align halal strategies to tap US$5t global market
JAKARTA, April 22 — Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi on Tuesday led the Malaysia-Indonesia Halal Industry Collaboration Roundtable, a strategic platform underscoring both nations' shared commitment to regional cooperation and inclusive growth within the global halal economy. The discussions focused on tackling trade-related challenges, exploring investment opportunities, and promoting joint ventures between Malaysian and Indonesian businesses. The roundtable also aimed to strengthen Asean-wide halal cooperation, positioning the region to tap into the projected US$5 trillion (US$1=RM4.383) global halal market by 2030. 'The session emphasised actionable strategies to sustain and grow bilateral trade flows while capitalising on each country's comparative advantages,' he said in a statement today. Ahmad Zahid emphasised that both nations will drive inclusive growth and create complementary value for the respective halal economies by aligning Malaysia's Halal Industry Master Plan 2030 (HIMP 2030) and Indonesia's halal economy roadmap. The roundtable, organised by the Halal Development Corporation Bhd (HDC), an agency under the Ministry of Investment, Trade and Industry (MITI), continues its mission to strengthen Malaysia's footprint in the halal industry. The roundtable also emphasised Malaysia's globally recognised halal ecosystem and its crucial role as Asean chair in 2025, while bringing together key stakeholders from Malaysia and Indonesia. 'Malaysia is advancing a cooperative halal agenda that balances economic opportunity with values-based trade, showing the region's growing influence in shaping the global halal landscape,' said the deputy minister. Ahmad Zahid pointed out that Malaysia and Indonesia share a long-standing partnership in the halal sector, steered by mutual objectives to complement standards and enhance trade flows. In June 2023, the Department of Islamic Development Malaysia (JAKIM) and Indonesia's Badan Penyelenggara Jaminan Produk Halal (BPJPH) signed a cooperation agreement on mutual recognition of halal certificates. The agreement has streamlined market access by eliminating redundant certification processes, simplifying cross-border trade for certified products in both countries. Trade figures underscore the significance of Malaysia-Indonesia economic ties in the halal industry, with Malaysia exporting RM7.77 billion worth of halal-certified products to Indonesia between 2021 and 2023. The roundtable meeting featured participation from prominent entities, including JAKIM, Malaysia External Trade Development Corporation (Matrade), BPJPH, Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS), and Kamar Dagang dan Industri Indonesia (KADIN). — Bernama
