Rootcloud Technology (Malaysia) aims to introduce an artificial intelligence (AI) system for the manufacturing sector, similar to ChatGPT by 2024 to help businesses in Malaysia in achieving their sustainable development goals (SDGs). Its assistant director of business development Qistina Khaizuran said through the company’s AI system known as Intelligent Energy Management System (iEMS), companies could...Read More

The New Industrial Master Plan (NIMP) 2030 has set the breakthrough agenda for the Malaysian manufacturing sector’s next take-off in the new green industrial age, said the think tank Socio-Economic Research Centre (SERC). Its executive director, Lee Heng Guie, said the master plan has mapped out a comprehensive industrial direction, strategies, and enablers to position...Read More

The National Industry Environmental, Social and Governance framework (i-ESG) for the Manufacturing Sector, to be launched by September 2023, could tap into the growing green businesses in Southeast Asia estimated at US$200 billion (US$1=RM4.67) by 2030. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz (pix) said the framework comprises four key components: standards, financial...Read More

The manufacturing sector in Sabah expanded on a positive trend after it succeeded in receiving investments of RM8.49 billion last year, said Sabah Yang Dipertua Negeri Tun Juhar Mahiruddin. He said the the amount obtained last year was an increase of almost 90 per cent compared with RM4.48 billion investments the state received in the...Read More

Sarawak has approved investment totalling RM9.6 billion in the manufacturing sector from 2022 until first quarter of 2023, said Deputy Minister of International Trade, Industry and Investment Datuk Malcolm Mussen Lamoh. “Out of this, RM6.05 billion is from foreign direct investments (FDI) which is expected to create about 3,800 job opportunities in electric and electronic...Read More

Industrial Development and Entrepreneurship Minister Phoong Jin Zhe is looking forward to more allocation by the Federal Government to assist the developing economy in Sabah. Looking at the final report of Malaysian Investment Development Authority (Mida) for the year 2022, Phoong said Sabah was placed at fifth for manufacturing sector, a huge improvement compared to...Read More

Melaka attracted a record amount of approved investments worth RM8.6bil in the manufacturing and semiconductor sectors in 2022 that was driven by higher foreign direct investment (FDI) and domestic direct investment (DDI), the state legislative assembly was told on Tuesday (March 14). Chief Minister Datuk Seri Sulaiman Md Ali (BN-Lendu) said based on year-on-year figures,...Read More

The Industrial Revolution 4.0 (IR4.0) technologies are revolutionising all sectors around the world, including agriculture, education and services; as well as promising to replace the planet’s polluting, dangerous and degrading industries. Universiti Malaya (UM) Deputy Vice Chancellor of Research and Innovation Professor Dr Shaliza Ibrahim said while there is still no agreement on how to...Read More

The formulation of a national environmental, social and governance (ESG) framework for the manufacturing sector is in the works, in line with Malaysia’s net zero greenhouse gas emissions target by 2050, said Senior Minister and Minister of International Trade and Industry (Miti) Datuk Seri Mohamed Azmin Ali. He said the ESG framework will be formulated...Read More

Johor recorded a total value of investment of RM2.237 billion in the manufacturing sector for the first three months of this year, the state government said today. Johor Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han said the figure showed an increase of 30 per cent compared to the value of investments of...Read More

The government is focusing on producing more local talents in the fields of science, technology, engineering, and mathematics (STEM) in addressing the challenges in Malaysia’s manufacturing sector. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said that manufacturing is among the critical industries with potential integration into the global value chain, but the...Read More

The Malaysian manufacturing sector reported a renewed increase in growth momentum at the start of the second quarter of 2022. S&P Global said that although output levels remained subdued, incoming orders recovered strongly to register the sharpest rise since April 2014 amid improved client confidence. It said despite the rise in demand, manufacturers continued to...Read More

Bursa Malaysia-listed companies producing panel boards are expected to enjoy strong profits in 2022 on the back of an upcycle in the wood manufacturing sector. The ongoing Russian-Ukraine conflict, which has led to Russia banning the export of wood and forest products to the West, could see buyers sourcing alternative suppliers from countries in this...Read More

The Ministry of International Trade and Industry (Miti) is in talks with the Ministry of Health (MoH) to set up a vaccination programme to administer Covid-19 booster doses to nearly two million workers in the manufacturing sector nationwide. Its Senior Minister, Datuk Seri Mohamed Azmin Ali, said this was part of his ministry’s efforts to...Read More

The manufacturing sector is poised for further strengthening of its recovery momentum in the first half of 2022 (1H2022), said the Federation of Malaysian Manufacturers (FMM). Heading into 2022, growing external demand is expected to bolster recovery in the manufacturing sector amid continuing domestic and external headwinds, it said. “All forward-looking indicators are back in...Read More

Labour productivity in Malaysia, which is measured by value added per employment, accelerated by 1.7% in the fourth quarter last year from a 5.6% decline in the previous quarter, thanks to the manufacturing sector. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said the growth was because production of goods and services rose faster...Read More

The Malaysian manufacturing sector reported a further increase in growth momentum at the end of 2021, as operating conditions improved at the quickest rate since April. IHS Markit said businesses reported faster expansions in both production levels and new orders as the manufacturing economy rebounded following the lifting of pandemic restrictions and demand recovered. Despite...Read More

Malaysia’s machinery and parts manufacturing sector remains strong and is committed to delivering quality products  and service excellence despite global trade disruptions, according to the Malaysia External Trade Development Corporation (MATRADE). In a statement today, the national trade promotion agency said the machinery industry has transformed from general fabrication and machining works to the assembly...Read More

Sabah secured seven investments valued at RM4.4 billion in the manufacturing sector approved by the Malaysian Investment Development Authority (MIDA), the third biggest in the country after Kedah (RM42.6 billion) and Selangor (RM4.6 billion), in the first half of this year. Chief Minister Datuk Hajiji Noor said hence, all quarters must continue to work together...Read More

AmBank (M) Bhd has maintained its growth projection for the manufacturing sector to hover around 3.5 per cent with the upside of 4.0 per cent in the best case scenario for the full year of 2021. “The improvement in the manufacturing sector would remain underpinned by the reopening of economies, highly performing electric and electronics,...Read More

The Federation of Malaysian Manufacturers (FMM) is looking forward to more long-term measures to support the manufacturing sector as greater transformation needs to take place to move towards more high-technology and high value-added products and operations. Speaking at a session titled “Working Together to Achieve the NRP (National Recovery Plan)”, in conjunction with the National...Read More

More than 98 percent of workers in the manufacturing industry registered under the Public-Private Partnership Covid-19 Industry Immunisation Programme (PIKAS) have received at least the first dose of the vaccine shot. Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said PIKAS had performed very well and helped expedite the vaccination rates...Read More

Registration for the Program Imunisasi Industri Covid-19 Kerjasama Awam-Swasta (PIKAS) for the manufacturing sector will be expedited with the implementation of online registration at http://pikas.miti.gov.my. Deputy Minister of International Trade and Industry (MITI) Datuk Lim Ban Hong said PIKAS had received encouraging response and had helped support the acceleration of vaccination rates for Malaysians. “Companies...Read More

The Public-Private Partnership Industrial COVID-19 Immunisation Programme (PIKAS) is expected to be able to control the spread of COVID-19 in the manufacturing sector, hence smoothen the implementation of the National Recovery Plan. Prime Minister Tan Sri Muhyiddin Yassin said based on the Ministry of Health’s (MOH) report, the sector should be given attention as it...Read More

The Federation of Malaysian Manufacturers (FMM) has lauded the government’s efforts to expedite Covid-19 immunisation in the manufacturing sector through Program Imunisasi Industri Covid-19 Kerjasama Awam Swasta (PIKAS). In a statement today, FMM president Tan Sri Soh Thian Lai said the Ministry of International Trade and Industry (MITI) had been tasked with the support of...Read More