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The Sun
18-07-2025
- Business
- The Sun
Malaysia positioning itself to become Asean healthcare innovation and trade hub
KUALA LUMPUR: Malaysia is sharpening its focus on becoming a regional hub for healthcare innovation and trade, as its medical-related exports continue to climb and strategic opportunities in Asean expand. Malaysia External Trade Development Corporation (Matrade) deputy CEO (export acceleration) Mansor Shah Wahid shared Malaysia's progress in healthcare-related exports, stating that in 2024 alone, the country's trade in medical devices and pharmaceuticals hit RM61.31 billion. He noted that medical devices made up 76% of that value, with a 31.6% year-on-year growth, while pharmaceutical exports rose by 4% to RM3.04 billion. 'These figures are not just data points; they reflect the credibility of our regulatory system, the strength of our manufacturers, and the growing trust in made-in-Malaysia products,' Mansor said at the Malaysia Healthcare Day Forum, part of the International Healthcare Week 2025 held recently. He added that Malaysia's export destinations now stretch beyond Asean, with the United States, Germany, Japan and Australia emerging as top markets. Notably, eight of the world's top 30 medical device manufacturers operate in Malaysia, affirming the country's reputation in diagnostics, disposables and implantables. Mansor emphasised that Malaysia's strategic location in the 680-million-strong Asean market, along with its multilingual talent pool and trade agreements, positions it well to capture a larger share of the global medical devices market, which is projected to reach US$695.6 billion (RM2.95 trillion) by 2028. 'In the age of AI disruption, healthcare remains one of the few sectors where human care and judgment are irreplaceable. That's what makes this industry uniquely impactful,' he noted. Expanding on Malaysia's regional positioning, Abdul Halim Mohamed Shariff, deputy director of lifestyle and life sciences at Matrade, delivered a detailed presentation titled 'Malaysia Healthcare Trade Outlook: Trade Opportunities in Asean.' He highlighted that Asean is now the third-largest region globally by population and the fourth-largest in terms of trade volume, creating a highly lucrative landscape for healthcare expansion. 'When incomes rise, healthcare demand grows, not just in quantity but in complexity. This shift is being felt across Asean, especially in Indonesia, Vietnam, Thailand and the Philippines,' Halim said. He cited the rapid urbanisation and lifestyle changes across the region as key factors driving increased healthcare expenditure. Countries like Indonesia, with the highest population in Southeast Asia, and Singapore, with the highest per capita healthcare spending, are leading indicators of the sector's growth. Despite strong exports, Malaysia remains a significant importer of pharmaceutical products, particularly patented and specialty drugs, from Germany, the US and China. Nonetheless, the local pharmaceutical sector fulfils 70% to 80% of domestic demand for generic medications, and the government expects the local pharmaceutical market to reach US$3.5 billion by 2028. According to Halim, prescription drugs dominate the market and are forecasted to reach US$3 billion by 2028, with patented and generic drugs each contributing over US$1.4 billion. Over-the-counter (OTC) products round out the remaining market share. Malaysia's medical device exports remain its most significant healthcare segment, driven largely by the glove industry and supported by other products, such as catheters and electromedical equipment. In 2024, Malaysia's medical device exports reached US$8.7 billion, solidifying its position among the top five manufacturing sites globally, alongside countries such as Costa Rica and Puerto Rico. 'Malaysia is spending more per capita on medical equipment than several larger economies in the region. This shows our strong commitment to innovation and accessibility in medical technology,' said Halim. He added that spending on medical devices and equipment in Malaysia is expected to increase at a compound annual growth rate of 9.5%, reaching US$3.64 billion by 2028, surpassing regional counterparts in growth momentum. Countries such as Vietnam and Indonesia are also becoming increasingly attractive due to economic development and healthcare reforms. Halim cited Vietnam's accelerated urbanisation as a sign of shifting healthcare expectations and rising demand for better services and infrastructure. 'Every challenge, whether it's ageing populations, financing gaps, or healthcare reform, opens the door to new business models. We're seeing strong growth in healthtech, AI-driven diagnostics, and insurance solutions across Asean,' he said. Mansor and Halim reiterated Matrade's role as a bridge for international buyers and Malaysian exporters, with overseas offices and databases accessible to businesses seeking partners, market data, or regulatory guidance. Matrade's presence at major international expos will continue to anchor Malaysia's brand globally. At the same time, initiatives such as the eTrade Programme and Business Information Centre aim to provide exporters and foreign partners with the tools to navigate cross-border opportunities. 'We encourage foreign players to reach out to our offices worldwide. You could browse the internet, yes, but we offer more than just information. We connect you with vetted partners and real market opportunities,' said Halim. International Healthcare Week 2025, co-organised with Informa Markets, is a testament to Malaysia's ambitions. From showcasing 10 home-grown brands at the Malaysian Pavilion to convening key regulatory and investment bodies, the event reflects a unified effort to position Malaysia as a regional leader in healthcare trade. 'Malaysia is not just an entry point, it's a launchpad for the Asean region,' said Mansor. 'Let us not miss the opportunity to form partnerships that shape lives and businesses far beyond our borders.'
Korea Herald
04-06-2025
- Business
- Korea Herald
Asia Pacific Enterprise Awards (APEA) 2025 Malaysia Celebrates Future-Ready Enterprises Driving the Nation's Growth
KUALA LUMPUR, Malaysia, June 4, 2025 /PRNewswire/ -- The Asia Pacific Enterprise Awards (APEA) Malaysia concluded its 19 th edition with great success, honoring the nation's most future-ready enterprises that are boldly navigating disruption and driving sustainable growth in the new economy. Organized by the region's leading NGO Enterprise Asia, the prestigious awards ceremony was held at Renaissance Kuala Lumpur Hotel & Convention Centre on 30 May 2025. The awards ceremony was graced by the presence of Rizal bin Dato' Nainy, CEO of SME Corp. Malaysia; Mansor Shah Wahid, Deputy CEO of the Malaysia External Trade Development Corporation (MATRADE) (Exporters Development); YBhg. Datuk Wira Dr. Hj. Rais Hussin, CEO of the Malaysian Research Accelerator for Technology and Innovation (MRANTI); along with Dato' Robert Teo, Managing Partner of RSM Malaysia, the event's Official Assurance Partner. Under the theme of "Showcasing Future-Ready Enterprises", the APEA 2025 Malaysia recognized outstanding Malaysian businesses and entrepreneurs who have demonstrated resilience, innovation, and foresight in future-proofing their organizations amidst rapid technological and economic shifts. A distinguished panel of judges meticulously assessed over 100 nominees, evaluating each entrepreneur and organization for their overall excellence, leadership, and business performance. Through this rigorous evaluation process, the most outstanding recipients were selected across four categories: Master Entrepreneur, Inspirational Brand, Fast Enterprise, and Corporate Excellence. Since 2007, the Awards has been organized all over the region with past recipients comprising Taiwan region's Douglas Tong Hsu, Hong Kong SAR's Francis Lui and Lawrence Ho, TTC Vietnam's Dang Van Thanh, Thailand's Supaluck Ampuj, Indonesia's Hary Tanoesoedibjo and Mochtar Riady, India's Adi Godrej, the Philippines' Manuel Villar, and Cuckoo Malaysia's Hoe Kian Choon. "In an era of constant disruption, the enterprises that will thrive are those that challenge conventions, embrace transformative technologies, and create value beyond profits. These organizations recognize the interconnectedness of economies, societies, and the environment, and take bold steps to shape a sustainable and inclusive future." stated Tan Sri Dr. Fong Chan Onn, Chairman of Enterprise Asia, in his inspiring welcome address. Award winners under the Master Entrepreneur category include Chiew Oon Leong, CEO of Cert Academy Sdn Bhd, and Datuk Lawrence Leow Fong Peng, Chief Executive Director of Teamplete Sdn Bhd, who have each demonstrated exceptional leadership, resilience, and vision in steering their organizations to new heights. NS Bluescope Malaysia Sdn Bhd and The Food Purveyor were honored as recipients of the Inspirational Brand Award. Recognized under the Fast Enterprise category is Union Profit Cosmetic Manufacturing Sdn Bhd, while leading companies awarded in the Corporate Excellence category include Niro Ceramic Group, UAC Berhad, and UM Specialist Centre (UMSC). The APEA 2025 Malaysia Chapter is proudly supported by RSM Malaysia as the Official Assurance Partner and PR Newswire as the Official News Release Distribution Partner. Supporting Partners include the Canadian Chamber of Commerce in Malaysia, CCI France Malaysia, EuroCham Malaysia, Kuala Lumpur Malay Chamber of Commerce (KLMCC), and the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), with and SME Magazine as the Media Partners. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit for more information. About Asia Pacific Enterprise Awards Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit
Yahoo
04-06-2025
- Business
- Yahoo
Asia Pacific Enterprise Awards (APEA) 2025 Malaysia Celebrates Future-Ready Enterprises Driving the Nation's Growth
KUALA LUMPUR, Malaysia, June 4, 2025 /PRNewswire/ -- The Asia Pacific Enterprise Awards (APEA) Malaysia concluded its 19th edition with great success, honoring the nation's most future-ready enterprises that are boldly navigating disruption and driving sustainable growth in the new economy. Organized by the region's leading NGO Enterprise Asia, the prestigious awards ceremony was held at Renaissance Kuala Lumpur Hotel & Convention Centre on 30 May 2025. The awards ceremony was graced by the presence of Rizal bin Dato' Nainy, CEO of SME Corp. Malaysia; Mansor Shah Wahid, Deputy CEO of the Malaysia External Trade Development Corporation (MATRADE) (Exporters Development); YBhg. Datuk Wira Dr. Hj. Rais Hussin, CEO of the Malaysian Research Accelerator for Technology and Innovation (MRANTI); along with Dato' Robert Teo, Managing Partner of RSM Malaysia, the event's Official Assurance Partner. Under the theme of "Showcasing Future-Ready Enterprises", the APEA 2025 Malaysia recognized outstanding Malaysian businesses and entrepreneurs who have demonstrated resilience, innovation, and foresight in future-proofing their organizations amidst rapid technological and economic shifts. A distinguished panel of judges meticulously assessed over 100 nominees, evaluating each entrepreneur and organization for their overall excellence, leadership, and business performance. Through this rigorous evaluation process, the most outstanding recipients were selected across four categories: Master Entrepreneur, Inspirational Brand, Fast Enterprise, and Corporate Excellence. Since 2007, the Awards has been organized all over the region with past recipients comprising Taiwan region's Douglas Tong Hsu, Hong Kong SAR's Francis Lui and Lawrence Ho, TTC Vietnam's Dang Van Thanh, Thailand's Supaluck Ampuj, Indonesia's Hary Tanoesoedibjo and Mochtar Riady, India's Adi Godrej, the Philippines' Manuel Villar, and Cuckoo Malaysia's Hoe Kian Choon. "In an era of constant disruption, the enterprises that will thrive are those that challenge conventions, embrace transformative technologies, and create value beyond profits. These organizations recognize the interconnectedness of economies, societies, and the environment, and take bold steps to shape a sustainable and inclusive future." stated Tan Sri Dr. Fong Chan Onn, Chairman of Enterprise Asia, in his inspiring welcome address. Award winners under the Master Entrepreneur category include Chiew Oon Leong, CEO of Cert Academy Sdn Bhd, and Datuk Lawrence Leow Fong Peng, Chief Executive Director of Teamplete Sdn Bhd, who have each demonstrated exceptional leadership, resilience, and vision in steering their organizations to new heights. NS Bluescope Malaysia Sdn Bhd and The Food Purveyor were honored as recipients of the Inspirational Brand Award. Recognized under the Fast Enterprise category is Union Profit Cosmetic Manufacturing Sdn Bhd, while leading companies awarded in the Corporate Excellence category include Niro Ceramic Group, UAC Berhad, and UM Specialist Centre (UMSC). The APEA 2025 Malaysia Chapter is proudly supported by RSM Malaysia as the Official Assurance Partner and PR Newswire as the Official News Release Distribution Partner. Supporting Partners include the Canadian Chamber of Commerce in Malaysia, CCI France Malaysia, EuroCham Malaysia, Kuala Lumpur Malay Chamber of Commerce (KLMCC), and the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), with and SME Magazine as the Media Partners. AWARD RECIPIENT LIST OF THE ASIA PACIFIC ENTERPRISE AWARDS 2025 MALAYSIA MASTER ENTREPRENEUR CATEGORY NAME COMPANY INDUSTRY ANDREW TEOW KET SEANG MANAGING DIRECTOR ADVANTAGE MARINE SERVICES (MALAYSIA) SDN. BHD. PROFESSIONAL & BUSINESS SERVICES CHIEW OON LEONG CEO CERT ACADEMY SDN BHD EDUCATION & TRAINING AHMAD RUZAINI BIN ZAINAL MANAGING DIRECTOR KNOWLES ELECTRONICS (M) SDN. BHD. MANUFACTURING DR. SIA TIAN POH CHAIRMAN SIACON TECHNOLOGY SDN BHD CONSTRUCTION DATUK LAWRENCE LEOW FONG PENG CHIEF EXECUTIVE DIRECTOR TEAMPLETE SDN BHD AGRICULTURE FAST ENTERPRISE CATEGORY COMPANY INDUSTRY ADVANTAGE MARINE SERVICES (MALAYSIA) SDN. BHD. PROFESSIONAL & BUSINESS SERVICES ASIC OFFSHORE & MARINE SDN BHD OIL & GAS LEDGEN MALAYSIA SDN BHD PROFESSIONAL & BUSINESS SERVICES NAVIRA MEDITECH SDN. BHD. HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY OPEN DC SDN. BHD. TELECOMMUNICATIONS & ICT SANSICO INDUSTRIES SDN BHD BUILDING MATERIALS SAVOURÉS GROUP SDN BHD INDUSTRIAL & COMMERCIAL PRODUCTS UNION PROFIT COSMETIC MANUFACTURING SDN BHD MANUFACTURING INSPIRATIONAL BRAND CATEGORY COMPANY INDUSTRY NIRO CERAMIC GROUP BUILDING MATERIALS NS BLUESCOPE MALAYSIA SDN BHD BUILDING MATERIALS THE FOOD PURVEYOR RETAIL CORPORATE EXCELLENCE CATEGORY COMPANY INDUSTRY ALWAYS MARKETING PROFESSIONAL & BUSINESS SERVICES COMMERCE DOT COM SDN. BHD. E-COMMERCE EASTERN SUNTECH ENGINEERING & CONSTRUCTION SDN. BHD. CONSTRUCTION EURO HOLDINGS BERHAD FURNITURE NIRO CERAMIC GROUP BUILDING MATERIALS NS BLUESCOPE MALAYSIA SDN BHD BUILDING MATERIALS SIACON TECHNOLOGY SDN BHD CONSTRUCTION TEAMPLETE SDN BHD AGRICULTURE UAC BERHAD MANUFACTURING UM SPECIALIST CENTRE (UMSC) HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit for more information. About Asia Pacific Enterprise Awards Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit View original content to download multimedia: SOURCE Enterprise Asia Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
