Latest news with #RM13bil
The Star
01-06-2025
- Business
- The Star
Malaysia stands to gain from outing at Osaka expo
Showcasing the best of Malaysia: Fadillah visiting the exhibition area after officiating the opening of the Malaysia Pavilion at Expo 2025 Osaka, which is open until Oct 13 in Yumeshima Island in Osaka Bay. — Bernama OSAKA: Malaysia has successfully secured more than RM8bil in potential investments and signed 20 memoranda of understanding (MOUs) by participating at Expo 2025 Osaka, says Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also Energy Transition and Water Transformation Minister, and chairman of Malaysia's National Organising Committee for Expo 2025, said this achievement, involving 101 companies, represents 61.54% of the overall RM13bil target that was previously set. 'I am confident that with our coming initiatives over the next four months, we will not only surpass our target but also unlock new opportunities for Malaysians. 'The success of our participation will pave the way for job creation while further strengthening bilateral ties with Japan and other global partners,' he told a press conference after launching the opening ceremony of the Malaysia Pavilion at Expo 2025 Osaka here yesterday. In addition to the digital economy, Fadillah highlighted the green economy, Japanese technologies and global participation in Expo 2025 as key opportunities for Malaysia to explore. He noted that these opportunities position Sarawak not only as a hub for energy, particularly green energy, leveraging its hydropower resources, but also as a central player in Malaysia's Hydrogen Economy Roadmap and Energy Transition Roadmap. Regarding the signing of the 20 MOUs, Fadillah said the Malaysian Pavilion has facilitated several high-impact MOUs and strategic partnerships that reflect the country's forward-looking approach to regional collaboration, sustainable development and technological advancement. 'This agreement has covered a wide range of sectors, including renewable energy, digital, property services, biotechnology, caregiving innovation and infrastructure development. 'The key focus areas have included efforts to support decarbonisation, advance green hydrogen solutions, strengthen dementia care capabilities and promote smart facility systems and sustainable materials,' he said, reported Bernama. Collectively, the partnerships underscored the Malaysia Pavilion's role as a hub for generating tangible economic outcomes, also encouraging cross-border knowledge sharing and reinforcing Malaysia's position as a regional leader in clean technology, inclusive innovation and future-ready industries, said Fadillah. Earlier, in his opening speech, Fadillah said the Malaysia Pavilion at Expo 2025 has surpassed the remarkable milestone of one million guests this week. Fadillah said Malaysia and Japan's longstanding relations and strong ties extended beyond economic relations, encompassing a shared commitment to regional stability and cultural understanding. The Malaysia Pavilion also unveiled its official mascot, 'Lina', a Malaysian girl who embarked on a journey of discovery and balance, guided by her older self through a future-inspired realm. Her evolving batik 'selempang', which transformed into songket, symbolised transformation, identity and hope. 'Lina' is a reflection of the next generation of Malaysians who are thoughtful, empowered and rooted in heritage while embracing global sustainability ideals.
The Star
31-05-2025
- Business
- The Star
Malaysia garnered over RM8bil in potential investments at Expo 2025 Osaka, says Fadillah
OSAKA: Malaysia has garnered more than RM8bil in potential investments and signed 20 memoranda of understanding (MOU) through its participation at Expo 2025 Osaka, says Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also the Energy Transition and Water Transformation Minister and Malaysia's National Organising Committee for Expo 2025 chairman, said this achievement involved 101 companies, representing 61.54% of the overall RM13bil target. "I am confident that with our coming initiatives over the next four months, we will not only surpass our target but also unlock new opportunities for Malaysians. The success of our participation will pave the way for job creation while further strengthening bilateral ties with Japan and other global partners. "So together, we reaffirm Malaysia's role as a trusted global partner in shaping a future built on innovation and collaboration," he said at the press conference after officiating the opening ceremony of the Malaysia Pavilion at Expo 2025 Osaka, Japan, on Saturday (May 31). Also present at the official opening ceremony were Deputy Investment, Trade and Industry Minister Liew Chin Tong, Ambassador of Malaysia to Japan Datuk Shahril Effendi Abd Ghany and Deputy Premier of Sarawak Datuk Amar Awang Tengah Ali Hasan. In addition to the digital economy, Fadillah highlighted the green economy, Japanese technologies and global participation in Expo 2025 as key opportunities for Malaysia to explore. He noted that these opportunities position Sarawak not only as a hub for energy, particularly green energy, leveraging its hydropower resources, but also as a central player in Malaysia's Hydrogen Economy Roadmap and Energy Transition Roadmap. Regarding the signing of the 20 MOU, Fadillah said the Malaysian Pavilion has facilitated several high-impact MOU and strategic partnerships that reflect the country's forward-looking approach to regional collaboration, sustainable development and technological advancement. "This agreement has covered a wide range of sectors, including renewable energy, digital, property services, biotechnology, caregiving innovation and infrastructure development. "The key focus areas have included efforts to support decarbonisation, advance green hydrogen solutions, strengthen dementia care capabilities and promote smart facility systems and sustainable materials," he explained. Collectively, the partnerships underscored the Malaysia Pavilion's role as a hub for generating tangible economic outcomes, also encouraging cross-border knowledge sharing and reinforcing Malaysia's position as a regional leader in clean technology, inclusive innovation and future-ready industries, said Fadillah. Earlier, in his opening speech, Fadillah also shared that the Malaysia Pavilion at Expo 2025 had surpassed the remarkable milestone of one million guests this week. Fadillah said Malaysia and Japan's longstanding relations and strong ties extend beyond economic relations, encompassing a shared commitment to regional stability and cultural understanding. He said the camaraderie between both countries has been carefully nurtured and strengthened over many decades, evolving into a truly comprehensive and robust partnership. "From early collaborations in industrial development to contemporary partnerships in technology and education, the connections between our people and our nations are profound. "Thus, major international events such as this provide an invaluable opportunity to deepen longstanding ties. By being here, we are not only showcasing Malaysia's capabilities and ambitions but also engaging directly with the people of Japan and the wider international community," he said. Fadillah added that the global stage fosters mutual understanding, encourages meaningful dialogue and opens new pathways for collaboration across shared areas of interest. In line with the launch, the Malaysia Pavilion also unveiled its official mascot, "Lina", a Malaysian girl who embarked on a journey of discovery and balance, guided by her older self through a future-inspired realm. Her evolving batik "selempang", which transformed into songket, symbolised transformation, identity and hope. "Lina" is a reflection of the next generation of Malaysians who are thoughtful, empowered and rooted in heritage while embracing global sustainability ideals. Malaysia's participation in Expo 2025 Osaka is led by the Investment, Trade and Industry Ministry, supported by a whole-of-government effort involving 21 ministries and approximately 70 agencies. It centred on seven strategic sectors, namely sustainable agriculture, renewable energy, smart living, green manufacturing, industrial reform, environmental management and the halal industry. The Malaysia Pavilion at Expo 2025 Osaka spanned 2,654.52sq m across three floors, reflecting the nation's diverse culture and dynamic economy. With the theme "Weaving a Future in Harmony", the Pavilion highlighted Malaysia's commitment to a sustainable, inclusive and forward-looking future. The Pavilion also served as a hub for international collaboration and dialogue, as well as pocket talks, product launches, MOU signings and business matching sessions. It would also host forums, summits, and networking events that would position Malaysia as a dynamic global partner. – Bernama
The Star
23-05-2025
- Business
- The Star
PM Anwar defends MACC chief's extension, highlights anti-corruption efforts
JOHOR BARU: Prime Minister Datuk Seri Anwar Ibrahim has defended the extension of the Malaysian Anti-Corruption Commission (MACC) chief, stating that under his leadership, the agency has been bold in taking action against influential figures involved in corruption. He emphasized that Tan Sri Azam Baki should be given the space to pursue Tuns, Tan Sri, and Datuk Seri who have plundered the country. "The MACC is now daring and going after the taukehs involved in billions in corruption. Those who steal from the country should return it to the people," he said at the launch of the National PKR Congress here on Friday (May 23). Anwar assured that a replacement for Azam would be found in due course. During his hour-long speech, Anwar also emphasized his government's commitment to the rule of law. "I believe in the independence of the judiciary and the appointment of judges," he said, adding that he has not interfered with judicial decisions, unlike past practices where judges acted at the whims of the executive. He touched on various issues, including the economy and tariff negotiations with the United States. Anwar also highlighted numerous welfare programmes, including cash handouts totaling RM13bil to nine million Malaysians. "We are spending RM10bil for civil servants under the Public Service Remuneration System (SSPA) and next year the figure will increase to RM18bil," he said, adding that RM1.3bil was spent to assist individuals with disabilities. He also addressed the power-sharing formula between Pakatan Harapan, Barisan, and parties from Sabah and Sarawak. "We need political stability to get more investments and create more jobs," he stressed. More to come
