Latest news with #MAS)2025
New Straits Times
08-05-2025
- Business
- New Straits Times
MITI welcomes washington's review of AI chip export rules, citing supply chain gains
Bernama KUALA LUMPUR: Malaysia welcomes United States President Donald Trump's move to revisit artificial intelligence (AI) chip export rules as clarity and consistency in tech policy are vital for global innovation, supply chain resilience and inclusive growth. The Ministry of Investment, Trade and Industry (MITI) said Malaysia is actively engaging with key trading partners to ensure secure and equitable access to critical technologies through the National Geoeconomic Command Centre (NGCC). "We support frameworks that promote trust, national security and access to tech for responsible nations," MITI said in response to Bernama's query on news reports that Washington plans to revisit AI export curbs. MITI said that as a key player in the global semiconductor ecosystem, the MADANI Government remains open to strategic collaboration that drives innovation and inclusive growth. Meanwhile, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said such a move would benefit Malaysia, especially the semiconductor industry, while noting that more details would come up after this. "So, we welcome this move and I think when I spoke to the industry players, they are also very pleased because Malaysia is obviously one of the major destinations, especially given the technology that we produce and use here all involves chips," he told a press conference after visiting the Malaysia Autoshow (MAS) 2025 at MAEPS Serdang today. Tengku Zafrul said MITI deputy secretary-general (trade) Mastura Ahmad Mustafa had two meetings with the United States trade representatives (USTR). "We will continue (our meeting with USTR), and next week, I will be meeting USTR's Jamieson Greer. "I will be flying into Korea for the Asia-Pacific Economic Cooperation (APEC). He will also be there, and we will take stock of the negotiations that have started between our chief negotiator and the USTR," he added.
The Star
08-05-2025
- Business
- The Star
Miti welcomes US move to review AI chip export rules, sees benefits for semiconductors
KUALA LUMPUR: Malaysia welcomes United States President Donald Trump's move to revisit artificial intelligence (AI) chip export rules as clarity and consistency in tech policy are vital for global innovation, supply chain resilience and inclusive growth. The Ministry of Investment, Trade and Industry (MITI) said Malaysia is actively engaging with key trading partners to ensure secure and equitable access to critical technologies through the National Geoeconomic Command Centre (NGCC). "We support frameworks that promote trust, national security and access to tech for responsible nations,' MITI said in response to Bernama's query on news reports that Washington plans to revisit AI export curbs. MITI said that as a key player in the global semiconductor ecosystem, the MADANI Government remains open to strategic collaboration that drives innovation and inclusive growth. Meanwhile, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said such a move would benefit Malaysia, especially the semiconductor industry, while noting that more details would come up after this. "So, we welcome this move and I think when I spoke to the industry players, they are also very pleased because Malaysia is obviously one of the major destinations, especially given the technology that we produce and use here all involves chips,' he told a press conference after visiting the Malaysia Autoshow (MAS) 2025 at MAEPS Serdang today. Tengku Zafrul said MITI deputy secretary-general (trade) Mastura Ahmad Mustafa had two meetings with the United States trade representatives (USTR). "We will continue (our meeting with USTR), and next week, I will be meeting USTR's Jamieson Greer. "I will be flying into Korea for the Asia-Pacific Economic Cooperation (APEC). He will also be there, and we will take stock of the negotiations that have started between our chief negotiator and the USTR,' he added. - Bernama
The Sun
08-05-2025
- Automotive
- The Sun
Science & technology, innovations to drive ASEAN's digital and green economy vision
SERDANG: ASEAN must embrace science and technology and produce innovations to power up the region's digital and green economy visions sustainably, in order to achieve its ambition of becoming the world's fourth-largest economy by 2030. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said this is why the 18 Priority Economic Deliverables (PEDs) also include the development of policy recommendations and guidelines to support the ASEAN Electric Vehicle (EV) Implementation Roadmap. 'This marks a significant step in aligning regional regulatory and infrastructure initiatives to drive the growth of a robust and sustainable EV ecosystem across ASEAN,' he said at the launch of the Malaysia Autoshow (MAS) 2025 here, today. He cited the ASEAN Battery Swapping Standard as an example of the region's vision in action, aimed at streamlining EV charging infrastructure through a unified standard across ASEAN. 'This harmonisation not only reduces operational costs and attracts more investments, but also enhances convenience, accessibility, and consumer confidence. This ensures a more seamless and impactful green mobility transition and reinforces our leadership in the sector,' he added. However, he stated that true resilience in the automotive sector hinges on deeper regional supply chain integration. 'By fostering complementary supply chains and developing markets within ASEAN, we can significantly boost production efficiency, reduce dependence on external markets, and build a more agile and robust automotive ecosystem. 'With each member state bringing its unique strengths to the table, we can position ASEAN as a global hub for sustainable and next-generation mobility solutions,' he said. Tengku Zafrul said Malaysia is significantly strengthening its contribution to ASEAN's vision through the New Industrial Master Plan 2030 (NIMP 2030). 'A key mission of this plan is our 'Push for Net Zero', which includes strategic initiatives focused on e-mobility, to cultivate a greener, more vibrant, and prosperous Malaysia by 2030. 'Through our clear policies, the Ministry of Investment, Trade and Industry (MITI) is firmly guiding industries to move up the value chain to remain competitive and resilient amid rapid technological disruptions and shifting (global) trade dynamics,' he added. As the ASEAN Chairman in 2025, he said the country is proud to take the lead in shaping the region's political, economic and social agenda. ASEAN—the world's fifth-largest economic bloc with a gross domestic product of US$3.8 trillion (US$1=RM4.22), stands at an important crossroad. 'ASEAN must remain agile, forward-thinking and united in navigating these evolving global challenges such as the US-China trade war. 'How we manage the US tariff issue as a bloc is key to the region's future growth trajectory. To this end, several of our 18 PEDs are related to the upgrading the ASEAN Trade in Good Agreement, as well as advancing ASEAN's trade-based frameworks with China, India, and the Gulf Cooperation Council (GCC),' he said. MAS 2025, held for the third consecutive year, features 200 exhibitors and more than 500 vehicles.
The Sun
08-05-2025
- Automotive
- The Sun
Science, tech to drive ASEAN's digital and green economy vision
SERDANG: ASEAN must embrace science and technology and produce innovations to power up the region's digital and green economy visions sustainably, in order to achieve its ambition of becoming the world's fourth-largest economy by 2030. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said this is why the 18 Priority Economic Deliverables (PEDs) also include the development of policy recommendations and guidelines to support the ASEAN Electric Vehicle (EV) Implementation Roadmap. 'This marks a significant step in aligning regional regulatory and infrastructure initiatives to drive the growth of a robust and sustainable EV ecosystem across ASEAN,' he said at the launch of the Malaysia Autoshow (MAS) 2025 here, today. He cited the ASEAN Battery Swapping Standard as an example of the region's vision in action, aimed at streamlining EV charging infrastructure through a unified standard across ASEAN. 'This harmonisation not only reduces operational costs and attracts more investments, but also enhances convenience, accessibility, and consumer confidence. This ensures a more seamless and impactful green mobility transition and reinforces our leadership in the sector,' he added. However, he stated that true resilience in the automotive sector hinges on deeper regional supply chain integration. 'By fostering complementary supply chains and developing markets within ASEAN, we can significantly boost production efficiency, reduce dependence on external markets, and build a more agile and robust automotive ecosystem. 'With each member state bringing its unique strengths to the table, we can position ASEAN as a global hub for sustainable and next-generation mobility solutions,' he said. Tengku Zafrul said Malaysia is significantly strengthening its contribution to ASEAN's vision through the New Industrial Master Plan 2030 (NIMP 2030). 'A key mission of this plan is our 'Push for Net Zero', which includes strategic initiatives focused on e-mobility, to cultivate a greener, more vibrant, and prosperous Malaysia by 2030. 'Through our clear policies, the Ministry of Investment, Trade and Industry (MITI) is firmly guiding industries to move up the value chain to remain competitive and resilient amid rapid technological disruptions and shifting (global) trade dynamics,' he added. As the ASEAN Chairman in 2025, he said the country is proud to take the lead in shaping the region's political, economic and social agenda. ASEAN—the world's fifth-largest economic bloc with a gross domestic product of US$3.8 trillion (US$1=RM4.22), stands at an important crossroad. 'ASEAN must remain agile, forward-thinking and united in navigating these evolving global challenges such as the US-China trade war. 'How we manage the US tariff issue as a bloc is key to the region's future growth trajectory. To this end, several of our 18 PEDs are related to the upgrading the ASEAN Trade in Good Agreement, as well as advancing ASEAN's trade-based frameworks with China, India, and the Gulf Cooperation Council (GCC),' he said. MAS 2025, held for the third consecutive year, features 200 exhibitors and more than 500 vehicles.
