Latest news with #MIGHT
New Straits Times
26-05-2025
- Business
- New Straits Times
Growing Malaysia's downstream space sector
KUALA LUMPUR: The Malaysia Industry-Government Group for High Technology (MIGHT) is intensifying efforts to foster public-private collaboration and spur innovation in high-tech sectors. President and chief executive officer Ts. Rushdi Abdul Rahim said aid MIGHT's enhanced role reflects a deeper focus on advancing national and regional synergy in key technology areas. MIGHT is spotlighting fast-growing industries such as advanced air mobility, aerospace, space technology, and shipbuilding and ship repair. Acting as a policy enabler, it provides technical advice to ministries and facilitates collaborations between local and international players. Key milestones include the formulation of the National Technology Policy, strategic aerospace frameworks, and flagship initiatives with partners from Türkiye, Indonesia, Qatar, and Japan. MIGHT and its partners recently unveiled four major reports, including the Space Industry Development Programme Initiative, which charts a course for growing Malaysia's downstream space sector. The agency also marked the launch of UzmaSAT-1, Malaysia's first Earth observation satellite by Uzma Berhad, and the AI-powered Uzma Digital Earth platform to support sectors like agriculture, disaster management, and national security. Rushdi said MIGHT continues to support local firms with certification assistance, global market access strategies, and workforce development through TVET and related programmes. However, he acknowledged ongoing hurdles, including coordination gaps, talent shortages, and the need to accelerate tech transfer and investor confidence. "I call on all stakeholders to make technology a central pillar of national development. Malaysia has tremendous potential in high technology," he said. MIGHT will remain a key force in driving, facilitating, and catalysing the national technology ecosystem, working to position Malaysia as an innovative, competitive, and future-ready player on the global stage, he said.
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.
New Straits Times
25-04-2025
- Business
- New Straits Times
Malaysia retains top 10 spot in global high-tech exports
KUALA LUMPUR: Malaysia has maintained its position as the ninth-largest exporter of high-technology goods among 143 countries in 2023, marking its highest placement in the past decade. According to the Malaysia High Technology Performance Report 2023, the country's high-tech exports rose by US$2 billion to US$127 billion last year, contributing to a decade-high trade surplus of US$51.5 billion. Malaysia's share of global high-tech merchandise exports also increased to 3.32 per cent, with the report noting that global high-tech exports grew by US$80 billion to US$3.83 trillion in 2023. The report was produced by the Malaysian Industry-Government Group for High Technology (MIGHT). MIGHT president and chief executive officer Rushdi Abdul Rahim said telecommunications electronics remained the largest contributor, generating US$36 billion in export value. He said other sectors showing strong growth potential include scientific equipment, office machinery, electrical machinery and aerospace surplus. "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. "It also ensures the country is not only capable of utilising, but also mastering and controlling these strategic technologies," Rushdi added. Science, Technology and Innovation Ministry (Mosti) secretary general Datuk Seri Hasnol Zam Zam Ahmad reaffirmed the ministry's support for advancing Malaysia's high-tech landscape. "Mosti is committed to expanding and strengthening the innovation ecosystem to ensure sustained competitiveness in all facets of nation-building, especially in the nation's high-tech sector," he said. "The National Science, Technology and Innovation Policy 2021–2030 underscores this commitment, not only to transform Malaysia into a high-tech nation, but also to support Malaysia's transition from a user to a developer and creator of technology."
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.
