Latest news with #RushdiAbdulRahim
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
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."
