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Md Shahril
The term 'electric automobiles' is no longer uncommon in the global automotive business because it is the rage. Clean energy, zero carbon emissions, and air pollution issues can all be reduced once the world moves toward Environmental, Social, and Governance objectives (also known as ESG).
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The worldwide COVID-19 pandemic not only saw a huge impact on the world population in terms of health and social impact, it made a huge dent in the world economy whose repercussions are likely to still have an effect for at least a decade. According to the Organisation for Economic Co-operation and Development (OECD), 2020 was marked by some of the largest reductions in trade and output volumes since World War II.
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World-leading medical products and solutions company Mölnlycke Health Care (Mölnlycke) on 20 September saw the ground-breaking ceremony for its new €50 million (RM233 million) surgical glove plant in Kulim Hi-Tech Park, Kedah.
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Education and training play a key role in equipping the current and future workforce with the right skills for the digital economy and ensuring that everyone enjoys the benefits of digital transformation. In order to achieve its mission to empower its very own workforce with the fundamentals to survive in this digital-centric industry, AirAsia Academy started reskilling and cross-training AirAsia Allstars (employees) to ensure that their knowledge and skills are up to date and competitive for the Fourth Industrial Revolution (IR4.0).
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Cristobalite is a substance produced from High Purity Silica (HPS) sand, and is characterised by its high abrasion resistance and strong white pigmentation. Cristobalite is a polymorph (any substance or mineral that forms different types of crystal) of respirable crystalline silica (extremely small particles) that have the same chemical compound (silicon dioxide or SiO2) which are formed at extremely high temperatures of more than 1,200oC.
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As the principal agency responsible for the promotion of investments as well as the coordination of industrial development and selected services sectors in Malaysia, the Malaysian Investment Development Authority (MIDA)’s role is not only confined to attracting companies that intend to invest in the country, but also includes facilitating the implementation of investment projects.
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30 September 2022, MIDA officially launched its newest office in Istanbul. The historical day is evidence of stronger Malaysia-Türkiye’s bilateral trade and investment relations.
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Though officially registered as a company in May 2020, bioplastic innovator Verdastro Sdn. Bhd. (Verdastro)’s solutions are a result of three years of lab research since 2017. The company has successfully commercialised its key innovation: manufacturing bioplastic from Oil Palm Trunks (OPT).
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Oryx Advanced Materials is a leading US-based manufacturer of high purity, high-performance complex alloys used in creating thin films for a variety of applications, including magnetic storage and photovoltaic (PV) solar cells. The company’s team of material scientists and engineers are experts in the fields of vacuum induction melting and powder metallurgy.
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The pandemic has accentuated the growing need to exploit digitalisation globally. The world has seen digitalisation accelerate at a tremendous speed for the past two years. This has forced businesses to shift and embrace digital transformation by being resilient and agile with more reliance on technology.
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Additive Manufacturing (AM) is the process of building physical objects by layering materials like metal, plastic, or concrete using dedicated software and equipment. AM, more widely known as 3D printing can be a force multiplier in the digital transformation of the manufacturing sector. AM produces components directly from a digital design file and prints the special raw material layer by layer to create specially-tailored material for producers.
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The Organisation for Economic Co-operation and Development’s (OECD) initiative to introduce 15 per cent Global Minimum Tax (GMT), though beneficial in addressing tax avoidance and competition issues, will influence investment decisions of multinational corporations (MNCs) and affect countries that are heavily reliant on tax incentives to attract inward investment.
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Established in 1989, Top-Mech Provincial Sdn. Bhd. has been making cranes for more than three decades. Having delivered over 3,000 units of cranes domestically and globally, it is one of the pioneers and leading crane manufacturers in Malaysia. When Top-Mech started to export to Vietnam and Pakistan in the mid-1990s, it became among the first crane makers in Malaysia to go global.
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Since 1996, SternMaid has been a leading food manufacturing company in Europe. The company is a subsidiary of Stern-Wywiol Gruppe – an owner-managed group of companies comprising of 13 individual firms, headquartered in Germany that mainly specialises in functional food ingredients. A dedicated division of the group is also active in the animal feed ingredient market.
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Solid waste management is a challenge to global economies as the world population increases. The world’s municipal solid waste (MSW) is 2.01 billion metric tonnes annually of which, 33 per cent is not adequately managed in an environmentally safe manner.
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According to the Global Industry Insights Inc. report in September 2021, the global wooden furniture market revenue is expected to reach US$550 billion by 2027. Growing consumer expenditure on high-end furnishings will accelerate the trend. This sparks much potential for Malaysia’s furniture industry which contributes almost 40 per cent of the wood-based industry’s total export earnings.
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Malaysia displayed a stellar investment performance for the period of January to September (Q3) 2021 with a total of RM177.8 billion investments approved in the manufacturing, services and primary sectors, involving 3,037 projects. This represents an outstanding 51.5 per cent increase compared to the same period last year.
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The global pandemic has contributed much strife and unexpected challenges to many in the past year. As governments and businesses undertake various response efforts, the utmost priority has been to ensure safety, hygiene and social distancing practices especially in the medical and food sectors. Personal protective equipment (PPE), such as medical masks, gloves, protection goggles and coveralls have now evolved into necessary commodities. The surge in demand for PPE has spurred policymakers, industry players and healthcare organisations to act swiftly to ensure a stable and sustainable PPE supply chain. Industry players can capture the rising opportunities by gaining a better understanding of the growing PPE market and differentiating themselves through innovation and technology.
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Established in 1979, J.K. Wire Harness (JKWH) started from humble origins to support Malaysia’s then growing automotive industry. Today, JKWH has grown to become a key supplier to automotive assemblers and is the largest Malaysian automotive wire harness manufacturer in the country.
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The pandemic has posed an unprecedented challenge and compelled economies to reevaluate how products and services are manufactured and consumed. It is inevitable for individuals and businesses to adapt to a new norm; in this norm where there is an urgent need to thoughtfully and carefully consider the implications of actions on public health, livelihoods and the economy.
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The Asian Business Aviation Association (AsBAA) is a member-led non-profit association representing business and general aviation in Asia. It is affiliated with the International Business Aviation Council (IBAC), a body within the governing International Commercial Aviation Organisation (ICAO) based in Canada.
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Malaysia is an ideal investment destination for innovation-based, knowledge-intensive investments within the high-growth and high-value sectors. Embracing for slower economic growth due to the unprecedented challenges posed by the COVID-19 pandemic, the Northern Corridor Economic Region (NCER) continues its efforts to attract strategic partners to invest in the region.
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The manufacturing industry is no stranger to misconceptions and buzzwords. Collaborative automation, Industry 4.0, artificial intelligence, blockchain – the real reason we allow ourselves to spin in circles on these topics is because we’re inherently hopeful and practical people: we want to build better and believe there is a path to doing so, if only we could find the way.
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The Business Year (TBY) is back in Malaysia for 2020! In partnership with the Malaysian Investment Development Authority (MIDA), TBY will be taking the microscope to Malaysia’s digital economy and innovation environment via its latest Malaysia-focused publication, Special Report, The Business Year: Malaysia 2020 on #Industry4WRD.
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The European Forest Institute (EFI) is an international organisation, headquartered in Joensuu, Finland, with other European offices in Belgium, Germany and Spain. EFI has 29 member countries; 130 member organisations from 40 different countries (not all European), representing almost 10,000 international researchers.
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