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07 Apr 2021 / 14:15 H.
KUALA LUMPUR: The reinstatement of cabotage policy exemption for submarine cable repair vessels will accelerate Malaysia’s progression towards becoming a digitally-enabled and technology-driven high-income nation by 2030, said the American Malaysian Chamber of Commerce (Amcham).
Chief executive officer Siobhan Das said the chamber is ready to support the government in reviewing its legislative and regulatory measures relating to digital infrastructure under the Malaysia Digital Economy Blueprint (MyDIGITAL) initiative, by facilitating substantive industry consultation and proposing solutions that support the realisation of the government’s objectives.
“Regulatory barriers that do not support efficient management of digital infrastructure is worrisome for investors at a particularly critical time when Malaysia seeks to compete for digital infrastructure investments and drive economic recovery,” he said in a statement.
Wednesday, 07 Apr 2021 01:30 PM MYT
BY JERRY CHOONG
Transport Minister Datuk Seri Wee Ka Siong has defended the cabotage exemption repeal, which was finalised on November 18 last year. Picture by Firdaus Latif
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KUALA LUMPUR, April 7 The recent repeal of the cabotage exemption for submarine cable repair vessels is a worrying sign for the American-Malaysian Chamber of Commerce (Amcham), which said regulatory barriers that do not support efficient management of digital infrastructure is worrisome to investors.
Its chief executive officer Siobhan Das said the cabotage exemption repeal comes at a particularly critical time when Malaysia seeks to compete for digital infrastructure investments and drive economic recovery.
MDEC and CIMB Islamic sign MoU providing RM25 million to scale AgTech pilot
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Cyberjaya, 2 April 2021: The Malaysia Digital Economy Corporation (MDEC) and CIMB Islamic Bank Berhad (“CIMB Islamic”) today signed a memorandum of understanding (MoU) on extending an extensive micro-financing programme with an allocation of RM10 million as an initial funding package to catalyse Digital Agriculture Technology (Digital Agtech) in Malaysia. This allocation has the potential to be increased to RM25 million as the programme progresses.
MDEC, a long-time proponent of digitalising the agriculture sector, via a public-private partnership with the Pertubuhan Peladang Kawasan Kuala Langat (PPKKL), initiated a pilot project in 2018 to spur yield and quality of crops utilising the latest technologies. It has seen farmers adopting an Internet of Things (IoT)-enabled fertigation system that helped them reduce monthly fertiliser usage by 20 percent, lower monthly manpower requiremen
KUALA LUMPUR (April 6): Malaysia is currently undertaking concerted efforts to review its existing policies and restructure its investment strategy to ensure that implementation of high-impact projects can be expedited.
International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said it is crucial to keep the government investment policies relevant, resilient and responsive to the evolving ecosystem.
“I am pleased to share that Malaysia’s ongoing investment promotion efforts have successfully kept us on the map of investors, including Japanese investors.
“Guided by this aspiration, the Ministry of International Trade and Industry (MITI) is spearheading a holistic reform of Malaysia’s investment agenda,” he said in his welcoming remarks at the online investment forum organised by the Japan External Trade Organization (JETRO) entitled “Malaysia in its Present State” today.