Latest news with #MyFintechWeek2025
The Sun
4 hours ago
- Business
- The Sun
Cyberport Leads Start-ups to MyFintech Week in Malaysia
HONG KONG SAR - Media OutReach Newswire - 8 August 2025 - Cyberport led a delegation of its FinTech start-ups to participate in MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to 7 August. During the event, Cyberport witnessed its community start-ups signing multiple Memorandum of Understanding (MoUs) with international and local FinTech partners, promoting cross-border innovation and strengthening ties between Hong Kong and the ASEAN region in FinTech and innovative technology applications. Cyberport led a delegation of its FinTech start-ups to participate in MyFintech Week 2025, held in Kuala Lumpur from 4 to 7 August. During the event, Cyberport witnessed its community start-ups signing multiple Memoranda of Understanding with international and local FinTech partners, promoting cross-border innovation and strengthening ties between Hong Kong and the ASEAN region in FinTech and innovative technology applications. Themed 'Ideate, Innovate, Co-create: Shaping the Future of Finance,' MyFW 2025 focused on regional collaboration and reshaping the financial landscape to drive a more innovative and inclusive future. Cyberport organised a series of exclusive side events throughout the week, including: a start-up pitch session showcasing innovative solutions to Malaysian and regional investors; panel discussions fostering in-depth exchanges between Hong Kong and local FinTech ecosystems; and MoU signing ceremonies for five cross-border partnership agreements. Among these partnerships was the launch of a groundbreaking digital insurance programme with the potential to benefit over 100 million users, underscoring Hong Kong's pivotal role as a 'super connector' and 'super value-adder' in advancing regional FinTech collaboration. Simon Chan, Chairman of Cyberport, said, 'As a key economy in ASEAN, Malaysia is experiencing rapid growth in FinTech, offering significant opportunities for Hong Kong's technology enterprises to expand into the ASEAN market. Cyberport, as Hong Kong's digital technology hub and key incubator, is committed to connecting local start-ups with regional opportunities, helping them showcase their innovative capabilities and explore international markets. By leading our start-ups to MyFW 2025, we aim to deepen I&T exchange between Hong Kong and ASEAN, further strengthening Hong Kong's position as a regional digital economy and FinTech hub.' Cyberport Start-ups Sign Multiple MoUs in Malaysia Cyberport start-up Coded Solution, a blockchain project consulting and Blockchain as-a-Service (BaaS) technology service provider, has parented with Malaysia's leading FinTech company VSure Tech to officially launch the 'Flexi Benefits' pilot programme. This initiative marks a significant integration of the traditional insurance industry with Web3.0 blockchain technology. The programme will be trialled with SMEs on the platform and is expected to expand across Southeast Asia. It adopts an on-demand, embedded insurance model that offers flexible coverage tailored to business needs. Leveraging VSure's extensive regional partner network in Southeast Asia, the programme has the potential to reach over 100 million users, demonstrating substantial scalability. In the area of green and sustainable finance, Coded Solution signed an MoU with Malaysian e-payment provider AsiaPay Malaysia to introduce the Green Assets Reward Program (GARP) — a tokenised carbon credit reward solution—to the Malaysian market. The GARP programme will officially launch in Hong Kong during 'Hong Kong Green Week' on 11 September, followed by its promotion in Malaysia and other regional markets. The initiative aims to showcase Hong Kong's successful green finance innovation model to Malaysia and the broader ASEAN region. In addition, the two parties plan to sponsor a recent Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme with Bizteg Solutions Limited, under the Carbon Trading Analytics and Technology category. At the same time, Coded Solution signed an MoU with Sinegy DAX Sdn Bhd, Malaysia's first homegrown and regulated digital asset exchange, to jointly develop a secure and user-friendly platform for secondary market trading of tokenised financial products. This collaboration will introduce new investment opportunities in innovative financial products, injecting vitality into capital markets and expanding investor access to asset tokenisation in the region. Cyberport incubatee BRDGX, a cross-border payment solutions provider, has signed an MoU with global payment service provider Visa Direct. The collaboration aims to blends Visa's global network with BRDGX's expertise in local currency enablement for Southeast Asia, regulatory compliance, and payment orchestration—empowering businesses to make faster, more secure cross-border transactions. Supported by the Cyberport Incubation Programme (CIP), BRDGX has successfully expanded into multiple Southeast Asian markets, with Malaysia as a key growth market, showcasing Cyberport's commitment and strategic support for its community start-ups and FinTech innovation. Another Cyberport start-up, BlueOnion, a FinTech and RegTech solution provider, signed an MoU with ESG Malaysia. The agreement covers multiple areas, including ESG capacity building and training, policy advocacy and engagement, and pilot programme development aimed at advancing corporate's ESG awareness and sustainable business practices. BlueOnion is recognised for its unified FinTech and RegTech platform, excelling in sustainability data collection, greenwashing detection, and compliance workflow automation. This partnership reflects a shared commitment to advancing sustainable business practices in Southeast Asia and supporting the establishment of regional ESG standards. Cyberport Hosts Exclusive Side Events to Support Start-ups Expanding into the Southeast Asian market Cyberport hosted the 'MyFintech Week 2025 – Cyberport Side Event' on 4 August, with support from the Fintech Association of Malaysia (FAOM), Malaysia Digital Economy Corporation (MDEC), Invest Hong Kong (InvestHK), and the Securities Commission Malaysia. The programme featured start-up pitches, pilot programme launches, MoU signing ceremonies, and two panel discussions on 'Bridging Traditional & Digital Finance' and 'Financial Resilience and Tech Inclusion for an Aging Society. These panels included contributions from senior representatives of Vsure, CoKeeps, KAMI, Sunway Sanctuary, Care Concierge, and ＭHub. Cyberport representatives also attended MoU signing ceremonies on 5 August and facilitated investor meetings on 6 August with GoBi Partners, The Hive, HeliCap, Artem Ventures Sdn Bhd, and Vynn Capital. These meetings introduced innovative solutions from Hong Kong FinTech start-ups to Malaysian investment institutions. Through these activities, Cyberport aims to lay a strong foundation for its start-ups' growth in Malaysia, further enhancing Hong Kong's FinTech influence in Southeast Asia. Cyberport is Committed to Fostering the FinTech Ecosystem, Strengthening its Role as 'Super Connector' Cyberport is actively expanding its overseas network and has signed cooperation agreements with innovation institutions from multiple countries such as Malaysia, Thailand, South Korea, Japan, and the Middle East. It is actively promoting the establishment and development of local start-ups in the ASEAN market and has achieved significant results. To date, over 80 Cyberport companies have successfully entered Malaysia and the broader ASEAN market, including markets such as Singapore, Indonesia, Thailand, the Philippines, and Vietnam. As Hong Kong's largest FinTech community, Cyberport is home to over 440 FinTech enterprises spanning virtual assets, digital banking, electronic payments, wealthtech, and insurtech. In alignment with national and HKSAR government strategies to actively expand into Middle Eastern and Southeast Asian markets, the delegation to Malaysia further reinforces Cyberport's role as a bridge connecting Hong Kong's vibrant FinTech ecosystem with regional markets. Looking ahead, Cyberport is committed to strengthening its role as a catalyst for collaboration between ASEAN and Hong Kong. It will continue to support park companies in expanding into Mainland China and other high-potential, high-growth overseas markets, while also attracting top talent and leading tech enterprises from abroad to develop in Hong Kong. Together, these efforts will drive innovation and technology development, solidifying Hong Kong's position as both a 'super connector' and a 'super value-adder.'
Arabian Post
a day ago
- Business
- Arabian Post
Cyberport Leads Start-ups to MyFintech Week in Malaysia
Signing Multiple MoUs to Drive Regional FinTech Collaboration and Innovation HONG KONG SAR – Media OutReach Newswire – 8 August 2025 – Cyberport led a delegation of its FinTech start-ups to participate in MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to 7 August. During the event, Cyberport witnessed its community start-ups signing multiple Memorandum of Understanding (MoUs) with international and local FinTech partners, promoting cross-border innovation and strengthening ties between Hong Kong and the ASEAN region in FinTech and innovative technology applications. Cyberport led a delegation of its FinTech start-ups to participate in MyFintech Week 2025, held in Kuala Lumpur from 4 to 7 August. During the event, Cyberport witnessed its community start-ups signing multiple Memoranda of Understanding with international and local FinTech partners, promoting cross-border innovation and strengthening ties between Hong Kong and the ASEAN region in FinTech and innovative technology applications. Themed 'Ideate, Innovate, Co-create: Shaping the Future of Finance,' MyFW 2025 focused on regional collaboration and reshaping the financial landscape to drive a more innovative and inclusive future. Cyberport organised a series of exclusive side events throughout the week, including: a start-up pitch session showcasing innovative solutions to Malaysian and regional investors; panel discussions fostering in-depth exchanges between Hong Kong and local FinTech ecosystems; and MoU signing ceremonies for five cross-border partnership agreements. Among these partnerships was the launch of a groundbreaking digital insurance programme with the potential to benefit over 100 million users, underscoring Hong Kong's pivotal role as a 'super connector' and 'super value-adder' in advancing regional FinTech collaboration. ADVERTISEMENT Simon Chan, Chairman of Cyberport, said, 'As a key economy in ASEAN, Malaysia is experiencing rapid growth in FinTech, offering significant opportunities for Hong Kong's technology enterprises to expand into the ASEAN market. Cyberport, as Hong Kong's digital technology hub and key incubator, is committed to connecting local start-ups with regional opportunities, helping them showcase their innovative capabilities and explore international markets. By leading our start-ups to MyFW 2025, we aim to deepen I&T exchange between Hong Kong and ASEAN, further strengthening Hong Kong's position as a regional digital economy and FinTech hub.' Cyberport Start-ups Sign Multiple MoUs in Malaysia Cyberport start-up Coded Solution, a blockchain project consulting and Blockchain as-a-Service (BaaS) technology service provider, has parented with Malaysia's leading FinTech company VSure Tech to officially launch the 'Flexi Benefits' pilot programme. This initiative marks a significant integration of the traditional insurance industry with Web3.0 blockchain technology. The programme will be trialled with SMEs on the platform and is expected to expand across Southeast Asia. It adopts an on-demand, embedded insurance model that offers flexible coverage tailored to business needs. Leveraging VSure's extensive regional partner network in Southeast Asia, the programme has the potential to reach over 100 million users, demonstrating substantial scalability. In the area of green and sustainable finance, Coded Solution signed an MoU with Malaysian e-payment provider AsiaPay Malaysia to introduce the Green Assets Reward Program (GARP) — a tokenised carbon credit reward solution—to the Malaysian market. The GARP programme will officially launch in Hong Kong during 'Hong Kong Green Week' on 11 September, followed by its promotion in Malaysia and other regional markets. The initiative aims to showcase Hong Kong's successful green finance innovation model to Malaysia and the broader ASEAN region. In addition, the two parties plan to sponsor a recent Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme with Bizteg Solutions Limited, under the Carbon Trading Analytics and Technology category. At the same time, Coded Solution signed an MoU with Sinegy DAX Sdn Bhd, Malaysia's first homegrown and regulated digital asset exchange, to jointly develop a secure and user-friendly platform for secondary market trading of tokenised financial products. This collaboration will introduce new investment opportunities in innovative financial products, injecting vitality into capital markets and expanding investor access to asset tokenisation in the region. ADVERTISEMENT Cyberport incubatee BRDGX, a cross-border payment solutions provider, has signed an MoU with global payment service provider Visa Direct. The collaboration aims to blends Visa's global network with BRDGX's expertise in local currency enablement for Southeast Asia, regulatory compliance, and payment orchestration—empowering businesses to make faster, more secure cross-border transactions. Supported by the Cyberport Incubation Programme (CIP), BRDGX has successfully expanded into multiple Southeast Asian markets, with Malaysia as a key growth market, showcasing Cyberport's commitment and strategic support for its community start-ups and FinTech innovation. Another Cyberport start-up, BlueOnion, a FinTech and RegTech solution provider, signed an MoU with ESG Malaysia. The agreement covers multiple areas, including ESG capacity building and training, policy advocacy and engagement, and pilot programme development aimed at advancing corporate's ESG awareness and sustainable business practices. BlueOnion is recognised for its unified FinTech and RegTech platform, excelling in sustainability data collection, greenwashing detection, and compliance workflow automation. This partnership reflects a shared commitment to advancing sustainable business practices in Southeast Asia and supporting the establishment of regional ESG standards. Cyberport Hosts Exclusive S ide Events to Support Start-ups Expanding into the Southeast Asian market Cyberport hosted the 'MyFintech Week 2025 – Cyberport Side Event' on 4 August, with support from the Fintech Association of Malaysia (FAOM), Malaysia Digital Economy Corporation (MDEC), Invest Hong Kong (InvestHK), and the Securities Commission Malaysia. The programme featured start-up pitches, pilot programme launches, MoU signing ceremonies, and two panel discussions on 'Bridging Traditional & Digital Finance' and 'Financial Resilience and Tech Inclusion for an Aging Society. These panels included contributions from senior representatives of Vsure, CoKeeps, KAMI, Sunway Sanctuary, Care Concierge, and ＭHub. Cyberport representatives also attended MoU signing ceremonies on 5 August and facilitated investor meetings on 6 August with GoBi Partners, The Hive, HeliCap, Artem Ventures Sdn Bhd, and Vynn Capital. These meetings introduced innovative solutions from Hong Kong FinTech start-ups to Malaysian investment institutions. Through these activities, Cyberport aims to lay a strong foundation for its start-ups' growth in Malaysia, further enhancing Hong Kong's FinTech influence in Southeast Asia. Cyberport is Committed to Fostering the FinTech Ecosystem, Strengthening its Role as 'Super Connector' Cyberport is actively expanding its overseas network and has signed cooperation agreements with innovation institutions from multiple countries such as Malaysia, Thailand, South Korea, Japan, and the Middle East. It is actively promoting the establishment and development of local start-ups in the ASEAN market and has achieved significant results. To date, over 80 Cyberport companies have successfully entered Malaysia and the broader ASEAN market, including markets such as Singapore, Indonesia, Thailand, the Philippines, and Vietnam. As Hong Kong's largest FinTech community, Cyberport is home to over 440 FinTech enterprises spanning virtual assets, digital banking, electronic payments, wealthtech, and insurtech. In alignment with national and HKSAR government strategies to actively expand into Middle Eastern and Southeast Asian markets, the delegation to Malaysia further reinforces Cyberport's role as a bridge connecting Hong Kong's vibrant FinTech ecosystem with regional markets. Looking ahead, Cyberport is committed to strengthening its role as a catalyst for collaboration between ASEAN and Hong Kong. It will continue to support park companies in expanding into Mainland China and other high-potential, high-growth overseas markets, while also attracting top talent and leading tech enterprises from abroad to develop in Hong Kong. Together, these efforts will drive innovation and technology development, solidifying Hong Kong's position as both a 'super connector' and a 'super value-adder.' Hashtag: #Cyberport #CyberportCommunity #StartUps #FinTech #MyFW2025 Wechat: Xiaohongshu: YouTube: The issuer is solely responsible for the content of this announcement. Hong Kong Cyberport Management Company Limited Wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government, Cyberport is Hong Kong's digital tech hub and AI accelerator, with a vision to empower industry digitalisation and intelligent transformation, to promote digital economy and AI development, and to foster Hong Kong to be an international AI, innovation and technology (I&T) hub. Cyberport gathers over 2,200 companies, including 5 listed companies and 7 unicorns. One-third of onsite companies' founders come from 26 countries and regions, while Cyberport companies have expanded to over 35 global markets. Cyberport, with Hong Kong's largest AI Supercomputing Centre and AI Lab as the engine, has been building the AI ecosystem with industry-leading AI companies and around 400 AI and data science start-ups. Through development of tech clusters, namely AI, data science, blockchain and cybersecurity, Cyberport empowers industries across smart city and government, banking and finance, digital entertainment, culture and tourism, healthcare, education and training, property management, construction, transportation and logistics, green environment and more, while hosting Hong Kong's largest FinTech community. Commissioned by the HKSAR Government, Cyberport has implemented proof-of-concept and sandbox schemes, subsidisation for digital tech adoption, industry tech training and start-up incubation, to drive technology R&D, translation and commercialisation, thus propelling digital transformation and intelligent upgrade across industry and society. Also as Hong Kong's key incubator, Cyberport supports entrepreneurs with funding and office space, extensive networks of enterprises, investors, technology corporations and professional services for business growth and expansion to Mainland China and overseas markets, all-round facilitation for landing in Hong Kong, talent attraction and cultivation, ready as a launchpad to take start-ups in any stages of development to the next level. For more information, please visit
The Star
3 days ago
- Business
- The Star
TNG Digital in no rush to go public, says CIMB
CIMB Bank Bhd chief executive officer Gurdip Singh Sidhu. PETALING JAYA: Touch 'n Go Digital Sdn Bhd (TNG Digital) has qualified as Malaysia's next unicorn, with CIMB Group confirming the homegrown eWallet operator has crossed the US$1bil valuation mark and turned profitable – but says there is 'no rush' to go public. CIMB Group, via 100%-owned Touch 'n Go Sdn Bhd, holds a 45.01% stake in TNG Digital, followed by Antfin Singapore Holding Pte Ltd at 23%, Alipay Singapore Holdings Pte Ltd at 11.62%, Lazadapay Holdings Pte Ltd at 11.38%, ASP Malaysia LP at 5.99%, and AIA Bhd at 3%. 'We are very confident TNG Digital is already qualified as a unicorn,' said CIMB Bank Bhd chief executive officer Gurdip Singh Sidhu, who also heads CIMB's group digital business. His comments follow Finance Minister II Datuk Seri Amir Hamzah Azizan's remarks at the MyFintech Week 2025 launch yesterday, where the government reiterated its goal of identifying five local unicorns by 2030. If confirmed, TNG Digital – Malaysia's largest financial technology company – would join the ranks of Carsome Sdn Bhd, which reached unicorn status in 2021, and Edotco Group Sdn Bhd, the regional telecommunications tower company 63%-owned by Axiata Group Bhd . With TNG Digital now profitable, Gurdip said there is no immediate urgency to list the company. 'The question of initial public offering (IPO) is something we will always assess, but it's not something we are rushing into,' he told reporters on the sidelines of a media roundtable at MyFintech Week 2025. 'At this point, the business is growing nicely. 'We have started making profit after a few years of incubation. 'So the business is in good shape, but we are not rushing into an IPO per se yet.' Last September, Reuters, citing sources, reported that TNG Digital was eyeing a Bursa Malaysia listing in two to three years that could raise over US$300mil. As at March 2025, TNG Digital had 29.8 million registered users, up 10% year-on-year (y-o-y), with average transacting users at 14.9 million. In a written reply to StarBiz, TNG Digital said it has been recording consistent quarterly profits since the third quarter of 2024, supported by more than 24 million users verified via electronic Know-Your-Customer (e-KYC). 'Our platform continues to expand beyond payments, with rapid growth in financial services and lifestyle offerings,' it said. TNG Digital said its flagship financial product, GO+, continues to drive growth, now serving nearly 3.6 million active users – a 10% y-o-y increase – while assets under management have doubled over the same period to more than RM1.5bil. GO+ is a micro-investment feature that lets users earn returns on their eWallet balance. 'As a privately held company, we are unable to disclose further financial or operational details at this time.' While financial specifics remain limited, Gurdip highlighted the growing usage of the platform beyond payments. He noted that with over 24 million e-KYC verified users, the TNG eWallet is reaching 'almost every adult Malaysian.' He added that payment usage – where users load and spend via the wallet – remains the primary measure of market share. 'Then we look at what other financial services. That part is still relatively early days, but the trajectory is very, very positive.'
The Sun
4 days ago
- Business
- The Sun
BNM laying regulatory groundwork to ensure responsible, inclusive and trusted innovation in financial sector
KUALA LUMPUR: Bank Negara Malaysia (BNM) is developing regulatory groundwork for three emerging technologies – artificial intelligence, open finance and asset tokenisation – to ensure innovation in the financial sector is responsible, inclusive and trusted. Governor Datuk Seri Abdul Rasheed Ghaffour said digital assets are increasingly shaping financial services, offering efficiency and new delivery models. 'Their potential is significant and cannot be ignored,' he said in his speech at MyFintech Week 2025 today. Abdul Rasheed stressed that the central bank is open to innovation that brings genuine value to the economy and supports productive use cases. 'But we also remain cautious of developments that introduce undue risks or operate outside the safeguards needed to preserve financial stability and public trust.' At the same time, he emphasised that the central bank remains open to innovation that brings genuine value to the economy and supports productive use cases. 'But we also remain cautious of developments that introduce undue risks or operate outside the safeguards needed to preserve financial stability and public trust,' he said. Abdul Rasheed outlined three forthcoming regulatory initiatives as part of BNM's efforts to prepare the financial system for future trends, 'First, we released a Discussion Paper on Artificial Intelligence today (Tuesday), outlining our regulatory and developmental approach, including priority areas for industry-led collaboration and responsible adoption of AI in financial services.' Second, Abdul Rasheed said, by year-end this year, it will issue an Exposure Draft on Open Finance to set out the central bank's vision for a data-driven and customer-permissioned data sharing ecosystem. Third, BNM will publish a Discussion Paper on Asset Tokenisation outlining potential use cases and safeguards for safe adoption of tokenisation. Abdul Rasheed said Malaysia's net-zero targets demand innovative financial solutions, while an ageing population calls for inclusive and forward-looking financial policies in long-term welfare, healthcare and social protection. 'The financial sector is being reshaped by three powerful forces: digitalisation, sustainability and demographic shifts. Technologies such as generative AI and blockchain are transforming business models and redefining consumer expectations.' On a separate development, the governor said that as Malaysia approaches the final phase of the Financial Sector Blueprint 2022-2026, BNM and the Securities Commission have begun work on the next phase. 'BNM and the Securities Commission have begun work on a new set of priorities and strategies beyond 2026,' he said, adding that BNM is working closely with the SC to align their visions, recognising that Malaysia's financial future must be built on coherence and shared purpose. The next iteration will ensure our financial system continues to evolve with clarity and ambition,' Abdul Rasheed said. Looking back, he concluded that the Financial Sector Blueprint 2022-2026 has shaped a more inclusive, resilient and innovation-ready financial sector. 'But the future demands greater agility, deeper collaboration, and bolder thinking,' he said.
The Sun
4 days ago
- Business
- The Sun
Malaysia strengthening position as high-quality, high-value investment destination
KUALA LUMPUR: Malaysia is strengthening its position as a premier destination for high-quality, high-value investments in Southeast Asia under the 13 Malaysia Plan (13MP or RMK13), said Finance Minister II Datuk Seri Amir Hamzah Azizan. He said Malaysia is channelling its focus to sectors that will shape the future such as artificial intelligence (AI), semiconductors and renewable energy to drive this ambition. 'These industries are not just growth drivers; they are the building blocks of a resilient, future-ready economy,' he said in his speech at MyFintech Week 2025 today. Amir Hamzah said Malaysia is also accelerating the development of other industries, revitalising the global services sector and enhancing retail and logistics efficiency. 'We are also breathing new life into our creative economy, or 'orange economy', by promoting high-value local content rooted in Malaysia's rich art, culture, and heritage,' he added. Malaysia must strengthen its capabilities and rethink strategies to stay competitive amid global uncertainty and domestic challenges, Amir Hamzah said. 'To navigate this, we must strengthen our core capabilities and boldly reinvent strategies to stay ahead.' Amir Hamzah said Malaysia's financial sector has made commendable strides over the decades. 'Most recently, under the Financial Sector Blueprint 2022-2026, it has strengthened its foundations, broadened access, and embraced digital transformation.' He said Malaysia's financial sector now contributes meaningfully not only to gross domestic product (GDP), but to national development outcomes, from SME financing and Islamic finance leadership to digital payments and social protection mechanisms. 'Yet, progress must continue. Under RMK13, the financial sector is identified and recognised as one of seventeen high growth, high value and high impact strategic sectors that will support enhanced economic diversity.' In doing so, Amir Hamzah said, the financial system must evolve as a catalyst for Malaysia's transition to a value-creation based economy, by fostering a culture of innovation. 'Turning the aspirations of RMK13 into reality will require unwavering commitment, innovative policies, and close cooperation across all sectors of society.' The government unveiled the 13MP on July 31, setting the course for the next five years. In the 13MP, RM611 billion worth of investments are earmarked for the country, with over a third (RM227 billion) allocated to boost economic sectors. Government-linked investment companies and government-linked companieswill allocate RM120 billion to support this initiative. The government will develop an AI-driven ecosystem through the National AI Action Plan 2030 to drive talent development, research and technology commercialisation to support AI adoption. It targets RM1 trillion in electrical and electronic product exports by 2030 (above RM600 billion in 2024), driven by the National Semiconductor Strategy to attract multinational corporations, develop local firms, drive investments, research and development and skills development. To support the digital economy, the government aims to achieve 98% 5G coverage across populated, industrial and rural areas. It also plans to digitise public services by rolling out MyDigital ID and offering 95% of federal public services online. The 13MP targets 35% renewables by 2030 via a new electricity market, energy storage systems, smart grids, inter-region integration, green hydrogen and the exploration of nuclear through the National Energy Transition Roadmap (NETR). The plan aims for 35% renewables by 2030 via a new electricity market, energy storage systems, smart grids, interregion integration, green hydrogen and the exploration of nuclear through the NETR.
