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New Straits Times
06-05-2025
- Business
- New Straits Times
Zahid: NGCC underscores Malaysia's commitment to global competitiveness
KUALA LUMPUR: The establishment of the National Geo-Economic Command Centre (NGCC) clearly demonstrates the government's commitment to safeguarding national interests and ensuring that Malaysia remains competitive on the global stage. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, who is also the rural and regional development minister, said he views the challenges faced by rural communities due to global trade uncertainties seriously. "Many rural residents indirectly depend on the electrical and electronics, palm oil, rubber, and agricultural sectors, with the United States (US) being one of our key export markets. "Therefore, I believe the government's efforts to not only negotiate tariff reductions but also establish new markets in Asean, the Middle East, Egypt, Pakistan, and Cambodia are crucial in protecting the incomes and livelihoods of those affected," he said in a Facebook post today. Ahmad Zahid said he supported the measures announced by Prime Minister Datuk Seri Anwar Ibrahim during the Special Parliamentary Session to address the impact of the US' reciprocal tariffs on Malaysia. He also expressed his appreciation for the government's swift move in allocating RM1 billion to upgrade the Sabah and Sarawak-Kalimantan border areas. Ahmad Zahid said Malaysia continues to be a trusted leader in the global halal industry, with exports expected to reach RM61.79 billion in 2024 – a 15 per cent increase from the previous year – maintaining its top ranking in the Global Islamic Economy Index for ten consecutive years. However, he noted that the global economic slowdown due to the US tariff policies is expected to reduce international demand for various export products, including halal goods, thereby putting pressure on local industry players. Nonetheless, he said current efforts to explore new markets, particularly in the Gulf Cooperation Council and South Asia, through business matching and participation in international expos are key to driving export growth, opening new opportunities for local entrepreneurs, and strengthening Malaysia's position as a global halal hub. Ahmad Zahid said the Rural and Regional Development Ministry, together with the Malaysia External Trade Development Corporation (Matrade) and the Halal Development Corporation, will continue to ensure that halal entrepreneurs, particularly those in rural areas, continue to penetrate international markets. – Bernama
The Star
06-05-2025
- Business
- The Star
Zahid: NGCC underscores Malaysia's commitment to global competitiveness
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi -- Bernama KUALA LUMPUR: The establishment of the National Geo-Economic Command Centre (NGCC) clearly demonstrates the government's commitment to safeguarding national interests and ensuring that Malaysia remains competitive on the global stage. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, who is also the Minister of Rural and Regional Development, said he views the challenges faced by rural communities due to global trade uncertainties seriously. "Many rural residents indirectly depend on the electrical and electronics, palm oil, rubber, and agricultural sectors, with the United States (US) being one of our key export markets. "Therefore, I believe the government's efforts to not only negotiate tariff reductions but also establish new markets in ASEAN, the Middle East, Egypt, Pakistan, and Cambodia are crucial in protecting the incomes and livelihoods of those affected,' he said in a Facebook post today. Ahmad Zahid said he supported the measures announced by Prime Minister Datuk Seri Anwar Ibrahim during the Special Parliamentary Session to address the impact of the US' reciprocal tariffs on Malaysia He also expressed his appreciation for the government's swift move in allocating RM1 billion to upgrade the Sabah and Sarawak-Kalimantan border areas. The Deputy Prime Minister also highlighted that Malaysia continues to be a trusted leader in the global halal industry, with exports expected to reach RM61.79 billion in 2024 - a 15 per cent increase from the previous year - maintaining its top ranking in the Global Islamic Economy Index for ten consecutive years. However, he noted that the global economic slowdown due to the US tariff policies is expected to reduce international demand for various export products, including halal goods, thereby putting pressure on local industry players. Nonetheless, he said current efforts to explore new markets-particularly in the Gulf Cooperation Council and South Asia-through business matching and participation in international expos are key to driving export growth, opening new opportunities for local entrepreneurs, and strengthening Malaysia's position as a global halal hub. Ahmad Zahid added that the Ministry of Rural and Regional Development, together with the Malaysia External Trade Development Corporation (MATRADE) and the Halal Development Corporation, will continue to ensure that halal entrepreneurs, particularly those in rural areas, continue to penetrate international markets. - Bernama
The Star
01-05-2025
- Business
- The Star
Malaysia's halal product exports up 15% to RM61.79bil in 2024
KUALA LUMPUR: Malaysia's halal product exports reached RM61.79 billion in 2024, marking a 15 per cent increase from RM53.72 billion recorded in the same period of 2023, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz. He noted that Malaysia has maintained its top position in the Global Islamic Economy Indicator rankings for 10 consecutive years, ahead of Saudi Arabia, Indonesia, and the United Arab Emirates. "Malaysia's strength lies in Islamic finance, halal food, as well as media and recreation. "The halal industry constitutes a significant portion of Malaysia's gross domestic product (GDP), with projections estimating a 10.8 per cent contribution or RM231 billion by 2030. This growth is primarily driven by a robust halal ecosystem across sectors such as food, finance, and travel,' he said. He made these remarks in his officiating speech at the soft launch of the 21st Malaysia International Halal Showcase (MIHAS) 2025, here today. The speech was delivered by deputy secretary-general (Industry) Datuk Hanafi Sakri. Tengku Zafrul said the global demand for halal products is currently valued at over US$3 trillion and is expected to grow to US$5 trillion by 2030, underscoring the global appeal of halal's ethical and sustainable attributes. "Malaysia's leadership in this sector is a testament to our continued innovation and dedication. "Among the major international halal market players are Nestlé, Allana Group, Cargill Incorporated and Fraser & Neave. I am proud to note that several Malaysian companies such as DagangHalal Group, Prima Quality Food Industries, Kawan Food Bhd , Crescent Foods, QL Foods Sdn Bhd, and Ayamas Food Corporation, are also recognised among the top players globally,' he said. He highlighted that this year's MIHAS theme, "Pinnacle of Halal Excellence', reflects its standing as the world's leading and most prestigious halal showcase. "With greater international participation anticipated, MIHAS 2025 is set to be larger and more dynamic than previous editions. It will showcase the latest halal products, services, and technologies, highlighting the industry's latest advancements,' he said. MIHAS 2025 is scheduled to take place on Sept 17-20, 2025, at the Malaysia International Trade and Exhibition Centre (MITEC). Tengku Zafrul also stated that halal-related initiatives are part of the Priority Economic Deliverables for 2025 (PEDs), particularly in the context of Malaysia's ASEAN chairmanship. "Malaysia is actively promoting the halal industry as a key driver of economic growth and regional cooperation. "There will be a dedicated pavilion representing ASEAN's halal industry, as well as a special pavilion for companies from the Gulf Cooperation Council (GCC), which is a strategic partner of ASEAN, featured at MIHAS this year,' he shared. He also noted that MIHAS's internationalisation effort debuted in Dubai last year and will continue with an edition in Shanghai this November. Since its inception in 2004, MIHAS has expanded from 500 booths to 2,100 booths in its most recent edition. "I would like to highlight that the 20th edition of MIHAS marked a record-breaking achievement for both the Ministry of Investment, Trade, and Industry and the Malaysia External Trade Development Corporation, recording RM4.3 billion in sales,' he said. To date, MIHAS has generated nearly RM30 billion in export sales and attracted 12,000 local and international halal industry players, along with over 500,000 trade visitors from around the globe. Additionally, over 7,000 international buyers have been matched with 10,000 Malaysian companies through MIHAS's flagship business programme, the International Sourcing Programme (INSP). - Bernama
Malay Mail
01-05-2025
- Business
- Malay Mail
Halal exports hit record RM61.79b as Malaysia maintains global leadership, says Tengku Zafrul
KUALA LUMPUR, May 1 — Malaysia's halal product exports reached RM61.79 billion in 2024, marking a 15 per cent increase from RM53.72 billion recorded in the same period of 2023, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz. He noted that Malaysia has maintained its top position in the Global Islamic Economy Indicator rankings for 10 consecutive years, ahead of Saudi Arabia, Indonesia, and the United Arab Emirates. 'Malaysia's strength lies in Islamic finance, halal food, as well as media and recreation. 'The halal industry constitutes a significant portion of Malaysia's gross domestic product (GDP), with projections estimating a 10.8 per cent contribution or RM231 billion by 2030. This growth is primarily driven by a robust halal ecosystem across sectors such as food, finance, and travel,' he said. He made these remarks in his officiating speech at the soft launch of the 21st Malaysia International Halal Showcase (Mihas) 2025, here yesterday. The speech was delivered by deputy secretary-general (Industry) Datuk Hanafi Sakri. Tengku Zafrul said the global demand for halal products is currently valued at over US$3 trillion and is expected to grow to US$5 trillion by 2030, underscoring the global appeal of halal's ethical and sustainable attributes. 'Malaysia's leadership in this sector is a testament to our continued innovation and dedication. 'Among the major international halal market players are Nestlé, Allana Group, Cargill Incorporated and Fraser & Neave. I am proud to note that several Malaysian companies such as DagangHalal Group, Prima Quality Food Industries, Kawan Food Bhd, Crescent Foods, QL Foods Sdn Bhd, and Ayamas Food Corporation, are also recognised among the top players globally,' he said. He highlighted that this year's Mihas theme, 'Pinnacle of Halal Excellence', reflects its standing as the world's leading and most prestigious halal showcase. 'With greater international participation anticipated, Mihas 2025 is set to be larger and more dynamic than previous editions. It will showcase the latest halal products, services, and technologies, highlighting the industry's latest advancements,' he said. Mihas 2025 is scheduled to take place on Sept 17-20, 2025, at the Malaysia International Trade and Exhibition Centre (Mitec). Tengku Zafrul also stated that halal-related initiatives are part of the Priority Economic Deliverables for 2025 (PEDs), particularly in the context of Malaysia's Asean chairmanship. 'Malaysia is actively promoting the halal industry as a key driver of economic growth and regional cooperation. 'There will be a dedicated pavilion representing Asean's halal industry, as well as a special pavilion for companies from the Gulf Cooperation Council (GCC), which is a strategic partner of Asean, featured at Mihas this year,' he shared. He also noted that Mihas's internationalisation effort debuted in Dubai last year and will continue with an edition in Shanghai this November. Since its inception in 2004, Mihas has expanded from 500 booths to 2,100 booths in its most recent edition. 'I would like to highlight that the 20th edition of Mihas marked a record-breaking achievement for both the Ministry of Investment, Trade, and Industry and the Malaysia External Trade Development Corporation, recording RM4.3 billion in sales,' he said. To date, Mihas has generated nearly RM30 billion in export sales and attracted 12,000 local and international halal industry players, along with over 500,000 trade visitors from around the globe. Additionally, over 7,000 international buyers have been matched with 10,000 Malaysian companies through Mihas's flagship business programme, the International Sourcing Programme (INSP). — Bernama
Borneo Post
30-04-2025
- Business
- Borneo Post
Malaysia's halal exports up 15 pct to RM61.79 bln in 2024, says Tengku Zafrul
Tengku Zafrul notes that Malaysia has maintained its top position in the Global Islamic Economy Indicator rankings for 10 consecutive years, ahead of Saudi Arabia, Indonesia, and the United Arab Emirates. – Bernama photo KUALA LUMPUR (April 30): Malaysia's halal product exports reached RM61.79 billion in 2024, marking a 15 per cent increase from RM53.72 billion recorded in the same period of 2023, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz. He noted that Malaysia has maintained its top position in the Global Islamic Economy Indicator rankings for 10 consecutive years, ahead of Saudi Arabia, Indonesia, and the United Arab Emirates. 'Malaysia's strength lies in Islamic finance, halal food, as well as media and recreation. 'The halal industry constitutes a significant portion of Malaysia's gross domestic product (GDP), with projections estimating a 10.8 per cent contribution or RM231 billion by 2030. This growth is primarily driven by a robust halal ecosystem across sectors such as food, finance, and travel,' he said. He made these remarks in his officiating speech at the soft launch of the 21st Malaysia International Halal Showcase (MIHAS) 2025, here today. The speech was delivered by deputy secretary-general (Industry) Datuk Hanafi Sakri. Tengku Zafrul said the global demand for halal products is currently valued at over US$3 trillion and is expected to grow to US$5 trillion by 2030, underscoring the global appeal of halal's ethical and sustainable attributes. 'Malaysia's leadership in this sector is a testament to our continued innovation and dedication. 'Among the major international halal market players are Nestlé, Allana Group, Cargill Incorporated and Fraser & Neave. I am proud to note that several Malaysian companies such as DagangHalal Group, Prima Quality Food Industries, Kawan Food Bhd, Crescent Foods, QL Foods Sdn Bhd, and Ayamas Food Corporation, are also recognised among the top players globally,' he said. He highlighted that this year's MIHAS theme, 'Pinnacle of Halal Excellence', reflects its standing as the world's leading and most prestigious halal showcase. 'With greater international participation anticipated, MIHAS 2025 is set to be larger and more dynamic than previous editions. It will showcase the latest halal products, services, and technologies, highlighting the industry's latest advancements,' he said. MIHAS 2025 is scheduled to take place on Sept 17-20, 2025, at the Malaysia International Trade and Exhibition Centre (MITEC). Tengku Zafrul also stated that halal-related initiatives are part of the Priority Economic Deliverables for 2025 (PEDs), particularly in the context of Malaysia's Asean chairmanship. 'Malaysia is actively promoting the halal industry as a key driver of economic growth and regional cooperation. 'There will be a dedicated pavilion representing Asean's halal industry, as well as a special pavilion for companies from the Gulf Cooperation Council (GCC), which is a strategic partner of Asean, featured at MIHAS this year,' he shared. He also noted that MIHAS's internationalisation effort debuted in Dubai last year and will continue with an edition in Shanghai this November. Since its inception in 2004, MIHAS has expanded from 500 booths to 2,100 booths in its most recent edition. 'I would like to highlight that the 20th edition of MIHAS marked a record-breaking achievement for both the Ministry of Investment, Trade, and Industry and the Malaysia External Trade Development Corporation, recording RM4.3 billion in sales,' he said. To date, MIHAS has generated nearly RM30 billion in export sales and attracted 12,000 local and international halal industry players, along with over 500,000 trade visitors from around the globe. Additionally, over 7,000 international buyers have been matched with 10,000 Malaysian companies through MIHAS's flagship business programme, the International Sourcing Programme (INSP). – Bernama economy Matrade MIHAS 2025 Miti Tengku Zafrul
