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Economic Times
6 days ago
- Automotive
- Economic Times
Maruti, Japanese trade body to facilitate business opportunities for startups from India, Japan
Agencies Under the agreement, Indian startups will be supported in accessing the Japanese startup and innovation ecosystem, while Japanese startups will be given the opportunity to engage with the Indian ecosystem. Maruti Suzuki India on Thursday said it has inked a pact with the Japan External Trade Organisation to promote innovation and facilitate business opportunities for startups from India and Japan. As per a Memorandum of Understanding (MoU), Maruti Suzuki and Japan External Trade Organisation (JETRO) will collaborate to support startups based in India to access the startup and innovation ecosystem of Japan, similarly, startups based in Japan will get an opportunity to access the startup and innovation ecosystem of India. In addition, the automaker and JETRO will work with each other to facilitate the participation and networking of startups in appropriate activities or events, connecting them with relevant partners, the company said in a statement. "We see great potential in Indian startups, and with this MoU with JETRO, we will be able to provide a platform for these promising startups to explore the Japanese business landscape," Maruti Suzuki India MD and CEO Hisashi Takeuchi said. JETRO India Chief Director General Takashi Suzuki said the MoU aims to foster innovation, drive economic growth, and further strengthen the deep-rooted ties between India and Japan.
Malay Mail
05-05-2025
- Business
- Malay Mail
Malaysia's decarbonisation, healthcare sectors among key targets for Japanese company expansion, says trade body
KUALA LUMPUR, May 5 — Japanese companies are looking to expand in the decarbonisation, healthcare, innovation and service industries in Malaysia. Japan External Trade Organisation (Jetro) Kuala Lumpur managing director Koichi Takano said several companies have made firm commitments to invest for two years, beginning from this year. 'These include the establishment of engineering and operations services in the oil and gas, semiconductor and biotechnology sectors,' he told Bernama in an interview. With regard to the decarbonisation sector, he said momentum is expected to build up in view of the Asia Zero Emission Community (Azec) summit, hosted by Japan and Malaysia, which will be held in Kuala Lumpur later this year. Major Japanese companies that have participated in decarbonisation in Malaysia, according to Takano, include Mitsui & Co and others that are working on projects in various areas of decarbonisation in Malaysia, such as energy efficiency, renewable energy, carbon capture and storage (CCS) and hydrogen. 'The diffusion index of business sentiment of Japanese companies is steadily recovering. This is seen as a sign of trust in and expectations of a robust Malaysian economy,' Takano said. However, he noted, the tariff measures imposed by the United States have heightened uncertainty in the global economy, making the situation unpredictable. 'At this time of great global turmoil, expectations are growing for Malaysia's leadership as the Asean chair. 'Malaysia has already demonstrated its leadership on the tariff issue, holding discussions within Asean. We look forward to continued Malaysian leadership towards the stability and growth within the Asean region,' he added. According to Takano, Japan has been one of Malaysia's major investors, and more investments from Japan are expected for 2025. Japan is the fourth-largest foreign direct investor in Malaysia in the fourth quarter (4Q) of 2024 with RM102.02 billion foreign direct investment (FDI) secured compared to RM94.18 billion in 4Q 2023, according to the Department of Statistics Malaysia. He pointed out that based on a survey on Japanese companies in Malaysia, business sentiment was negative in the second half of 2024 at -11.5 points, but it is expected to improve to -4.5 points in 2025. According to the survey conducted by Jetro and the Japanese Chamber of Trade and Industry, Malaysia (Jactim), the outlook remains uncertain due to cost pressures like minimum wage hikes, tax increases and subsidy cuts. The survey revealed high-value manufacturing and decarbonisation as being top growth sectors. Two hundred companies responded to the survey from January 22 to February 21, 2025. The survey also highlighted that the non-manufacturing sector faces high demand for advanced technology talent. 'Additionally, there is a strong demand for clarification of environment, social and governance (ESG)-related investments, expansion of tax incentives, and thorough advance notifications when regulatory changes occur,' it added. — Bernama
New Straits Times
05-05-2025
- Business
- New Straits Times
Japanese companies keen to expand in various sectors in Malaysia
KUALA LUMPUR: Japanese companies are looking to expand in the decarbonisation, healthcare, innovation and service industries in Malaysia. Japan External Trade Organisation (Jetro) Kuala Lumpur managing director Koichi Takano said several companies have made firm commitments to invest for two years, beginning from this year. "These include the establishment of engineering and operations services in the oil and gas, semiconductor and biotechnology sectors," he told Bernama in an interview. With regard to the decarbonisation sector, he said momentum is expected to build up in view of the Asia Zero Emission Community (AZEC) summit, hosted by Japan and Malaysia, which will be held in Kuala Lumpur later this year. Major Japanese companies that have participated in decarbonisation in Malaysia, according to Takano, include Mitsui & Co and others that are working on projects in various areas of decarbonisation in Malaysia, such as energy efficiency, renewable energy, carbon capture and storage (CCS) and hydrogen. "The diffusion index of business sentiment of Japanese companies is steadily recovering. This is seen as a sign of trust in and expectations of a robust Malaysian economy," Takano said. However, he noted, the tariff measures imposed by the US have heightened uncertainty in the global economy, making the situation unpredictable. "At this time of great global turmoil, expectations are growing for Malaysia's leadership as the ASEAN chair. "Malaysia has already demonstrated its leadership on the tariff issue, holding discussions within ASEAN. We look forward to continued Malaysian leadership towards the stability and growth within the ASEAN region," he added. According to Takano, Japan has been one of Malaysia's major investors, and more investments from Japan are expected for 2025. Japan is the fourth-largest foreign direct investor in Malaysia in the fourth quarter (4Q) of 2024 with RM102.02 billion foreign direct investment (FDI) secured compared to RM94.18 billion in 4Q 2023, according to the Department of Statistics Malaysia. He pointed out that based on a survey on Japanese companies in Malaysia, business sentiment was negative in the second half of 2024 at minus 11.5 points, but it is expected to improve to minus 4.5 points in 2025. According to the survey conducted by Jetro and the Japanese Chamber of Trade and Industry, Malaysia (Jactim), the outlook remains uncertain due to cost pressures like minimum wage hikes, tax increases and subsidy cuts. The survey revealed high-value manufacturing and decarbonisation as being top growth sectors. Two hundred companies responded to the survey from Jan 22 to Feb 21, 2025. The survey also highlighted that the non-manufacturing sector faces high demand for advanced technology talent. "Additionally, there is a strong demand for clarification of environment, social and governance (ESG)-related investments, expansion of tax incentives, and thorough advance notifications when regulatory changes occur," it added.
The Star
01-05-2025
- Business
- The Star
An advocate of M'sia-Japan ties
Experienced entrepreneur: Cheah has become one of few Malaysians to be awarded the prestigious award by the Japanese government. PETALING JAYA: Sunway Group founder and chairman Tan Sri Sir Dr Jeffrey Cheah KBE AO has become one of the few Malaysians to be awarded the prestigious Japanese decoration of honour, the Order of the Rising Sun, by the Japanese government. Cheah was specifically awarded the Order of the Rising Sun, Gold Rays with Neck Ribbon, in recognition of his contributions towards promoting academic exchange and improving economic relations between Japan and Malaysia. 'As the founder and chancellor of Sunway University, Tan Sri Cheah has focused on collaboration with Japan and has contributed to the promotion of exchanges between Japan and Malaysia. 'This includes the field of education and research by concluding agreements with numerous Japanese universities and other institutions. Also, as the founder and chairman of Sunway Group, Tan Sri Cheah is a highly entrepreneurial individual whose Sunway Group collaborates with Japan External Trade Organisation (Jetro) to contribute to the advancement of Japanese start-up companies in Malaysia. 'The Embassy of Japan would like to extend its sincere congratulations to Tan Sri Dr Jeffrey Cheah for receiving this decoration,' the Japanese Embassy in Malaysia wrote in a Facebook post on Tuesday. Cheah, who is also a philanthropist, was named an honorary Knight Commander of the Most Excellent Order of the British Empire by King Charles III in 2023. The award came with the title 'Sir'. A write-up titled 'Man Behind the Brand' in the Sunway Stories website noted that Cheah had never forgotten his roots as he had always upheld his Hakka heritage. In fact, he is the honorary lifetime president of the Malaysian Hakka Association for seven years from 1997.
ARN News Center
06-02-2025
- Business
- ARN News Center
Gulfood 2025 to celebrate landmark 30th edition
Dubai World Trade Centre (DWTC) is gearing up to celebrate the return of Gulfood for its 30th edition, running from February 17-25, under the theme 'The Next Frontier in Food'. The event will focus on the future of global food commerce and international food systems, setting the stage for cross-industry knowledge transfer and networking opportunities, creating a framework for establishing and achieving future goals. The economic impact of Gulfood is significant, with estimated trade deals across the 5 days reaching $20 Billion, representing 1 per cent of global food and beverage trade. As the largest edition to date, Gulfood 2025 will display more than 1 million products from over 5,500 exhibitors spanning 129 countries featuring large multinationals to start-up food ventures. Visitors can explore 24 exhibition halls covering over 1.3 million square feet while interacting with companies launching new products, ingredients, and flavours, showcasing their culinary expertise and engaging in commercial trade deals. Country Pavilions include the USA, France, Brazil, UK, India, Singapore, Japan and Australia, as well as first-time exhibiting companies from Kosovo, Madagascar, Mauritius and Zambia. Trixie LohMirmand, Executive Vice President, Dubai World Trade Centre said that Gulfood's evolution over 30 years "has cemented its footprint in the global F&B space as the premier stage for industry professionals to connect, engage in trade deals, and establish the food trends of tomorrow. "The landmark edition will spotlight the UAE's role as a hub of international food innovation and trade, while honouring advocates and visionaries who paved the show's way forward as a platform that fosters commercial opportunities, global economic contribution, and ignites life-long business partnerships.' The exhibition will host a diverse list of international food and beverage industry giants, while visitors can engage in Gulfood Discovery Tours - a line-up of curated sector-themed tours offering an immersive experience highlighting global food trends and innovations on the show floor, along with expert guidance and insights at every stop. It includes dedicated tours on various food themes like Go urmet, Alternative Proteins and Plant Based, Digitalisation and Traceability and Made in the Emirates. Gulfood 2025 will launch the inaugural Food500 Summit, welcoming global F&B leaders and decision-makers including CEOs, Heads of State, trade officials, investors, academia, scientists, tech innovators and more under one roof to discuss key issues on international trade, investment strategies, trends, growth opportunities, AI driven transformation, legislation, environmental concerns, health and wellbeing and the socioeconomic challenges impacting global food security. The popular Top Table programme, sponsored by the Japan External Trade Organisation (JETRO), will returns with the theme Culinary Futurism offering insights into the next decade of food. Gulfood will celebrate its 30th edition by welcoming world-renowned chef and culinary legend Alain Ducasse, with 21 Michelin stars under his name, making his first ever appearance, while the line-up also features celebrated chefs such as Romain Meder, Ana Roš, Ángel León, Fredrik Berselius, and many more. And Dubai World Cuisine
