Digital economy attracts up to 70% of Malaysia's approved investments
Nearly 70% of Malaysia’s approved investments worth 225 billion RM (47 billion USD) are in the digital economy, said Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz (Photo: thestar.com.my)
Kuala Lumpur (VNA)🐼 – Nearly 70% of Malaysia’sapproved investments worth 225 billion RM (47 billion USD) are in the digital economy,said Malaysian Minister of Investment, Trade and Industry ZafrulAbdul Aziz.
In a recent interview with US-based Cable News Network (CNN), heexplained that Malaysia has what it takes to power artificial intelligence (AI)and bring the whole ecosystem into the country. He said Malaysia has AI factories, that is what they call itnow, instead of data centres, and representatives from Nvidia Corporation, aUS-based multinational technology company, visited the factories and announcedits keen interest to venture into Malaysia with other companies to support theadvancement of AI. Zafrul said there are concerns about AI in general on theimpact on society, however, it cannot be denied that AI will bring the betterquality of life by enabling all sorts of professions to do their work moreefficiently. Jobs of the future may be very different given the advancementin technology, especially generative AI. He emphasised that to get ready for the AI ecosystem, it’snecessary to ensure re-skilling and upskilling (of employees) to prepare forthe new jobs of the future. Last December, Nvidia expressed its willingness to supportMalaysia’s aspiration of being among the top 20 countries in AI technology andhas agreed to help develop the country’s AI ecosystem in terms of building acentre of excellence to facilitate AI learning and research, including creatingMalaysia’s own AI cloud computing system./.
Malaysia’s focus for this year is economic development and investment promotion and it will bank on its three unique selling points – the multiple languages, cultures, and communal peace – to help draw more investors, according to Prime Minister Anwar Ibrahim.
Malaysia has set a target of welcoming 27.3 million foreign tourists in 2024, riding on the wave of optimism fueled by a series of strategic initiatives and the success of attracting over 20 million foreign tourists last year.
Malaysia's palm oil stocks fell to their lowest in six months at the end of January as production plunged to the lowest level in nine months amid steady exports, the industry regulator has said.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz (Photo: thestar.com.my) 
