The Wood-Based Industry in Malaysia: The Impact of COVID-19 and the Movement Control Order (MCO)
The world has been astounded by the spread of the COVID-19 virus at the start of the year 2020. The Malaysian economy was also affected, notably smaller businesses and vulnerable groups such as lowerincome individuals, daily wage earners and workers. Proactively,
Malaysia implemented the Movement Control Order (MCO) since 18 March 2020 to battle the pandemic. Selected economic sectors were, however allowed to operate subject to strict adherence to the standard operating procedures (SOPs) for the respective sector.
Innovation, Key to Profitablity
Qualities of innovative are essential for every country. This is important to maintain sustainability by making a continuous improvement that opens up to all kind of opportunitis for potential new market and product/activities. Based on the 2019 Global Innovation Index, released by The World Intellectual Proerty Organisation (WIPO), it is found that Asia's innovation index is increasing despite experiencing an economic slowdown.
National Automotive Policy 2020 : Gearing Towards Connected Mobility
Globally, the automotive industry is undergoing an immense transformation. It is widespread across the industry, and it is being driven by a pertinent element such as industry 4.0 and efforts towards digitalisation of the entire value chain.
Synthetic Sapphire Leading Technological Developments
The first successfully produced synthetic gemstone was a ruby made in 1902 by Auguste Victor Louis Verneuil. The Verneuil Technique enabled the production of gemstones of high quality to be used for making of jewellery. Since then, the method has been expanded to other gems, with manufacturers utilising laboratory-synthesised sapphires for a variety of industrial and decorative purposes. These synthetic sapphires are used in optical lenses, semiconductors, light-emitting diodes (LEDs), artificial sapphire glass (e.g. mobile phone and television screens), medical devices, aerospace, lithium batteries and power storage components.
2020 Tokyo Olympic Games: Halal Business Opportunities
Over the years, the Olympic Games have brought about economic and social benefits to the hosting nations. With the approaching 2020 Tokyo Summer Olympics and Paralympic Games, Japan is expected to receive up to 40 million visitors, and the Japanese Government has been steadily opening up their economic borders for new business opportunities. One promising area is the halal food and beverages (F&B) industry.
Our Way : Advanced Biofuel
Diesel is one of the most energy-dense fuel options that has been used for ages to power the heavy road vehicles, water transportations; ships, tanker and boats as well as a fuel for diesel engines. The gradual depletion of fossil resources has led to renewable energy development, to cater to the demands in the future.
Biotechnology Industry in Malaysia
"Science to Business" has been one of the essential criteria being focused by Malaysia in its National Biotechnology Policy. The Policy aims to transform the biotechnology industry into one of the vital economic contributors to the nation.
The Malaysian Aerospace Industry - Soaring to New Heights
Malaysia's aerospace industry is one of the rapidly growing industries in the country, energised by the implementation of the National Aerospace Industry Blueprint 2030. With over 230 companies involved in the maintenance, repair and overhaul (MRO), aero-manufacturing, education and training, systems integration, as well as engineering and design activities, the industry is growing at an average of 5% for the past ten years.
The Semiconductor Industry: Moving Up the Value Chain
The semiconductor industry is the primary enabling technology in every production line in the world. Semiconductor devices are essential components of electronic circuits and are made primarily from silicon. They can be found in almost every electrical device such as smartphones, computers and even coffee machines. Companies that operate in the semiconductor industry generally belong to one of these groups.
Plastic Recycling : Malaysia's Perspective
Plastics are lightweight and durable materials, which can readily be moulded into a variety of products that can be used in a wide range of applications. In the modern economy, plastics have become ubiquitous material that plays a critical role in the growth of major industries such as automotive, medical devices, construction, electronics and packaging. Unfortunately, the majority of the produced plastics annually are used to make disposable items of packaging or other short-lived products. In addition, the durability of the polymers involved result in substantial amounts of plastics accumulating as debris in landfills and natural habitats worldwide.
Circular Economy: The Way Forward for Palm-Based Industries
Malaysia is the second largest producers and exporters of palm oil in the world, supported by 4.49 million hectares of oil palm cultivation which produces 17.73 million tonnes of palm oil. This accounts for 11% of the world's oils and fats production and 27% of export trade of oils and fats. Hence, Malaysia assumes an important role to sustainably fulfil the global needs for edible oils and fats.
Metal Additive Manufacturing
Additive manufacturing technology adds materials and melted it to create a super fine layer of an object which is different from the conservative manufacturing. Conservative manufacturing, often subtract materials via several processes such as milling, machining, grinding and carving in order to produce parts.
Smart Homes for Smart Living
According to A.T. Kearney, the global smart home market is expected to grow to more than USD50 billion in 2020 and approximately USD400 billion in 2030, representing more than 40 per cent of the total home appliance market. A January 2019 report by ResearchAndMarkets.com also predicts significant growth in the overall smart home market, expecting a compound annual growth rate (CAGR) of 12.02% from USD76.6 billion in 2018 to USD151.4 billion by 2024.