Malaysia has set a target of becoming one of the top 20 nations with a startup ecosystem by 2030. Illustrative image (Photo: XINHUA/VNA)
Kuala Lumpur (VNA)💃 – Malaysian Prime Minister Anwar Ibrahim has said that the country aims to become one of the top 20 nations with a startupecosystem by 2030.
He made the statement after chairing the first meeting ofthe National Council for Digital Economy and Fourth IndustrialRevolution on August 29.
The Malaysian government will implement a single window initiative tocoordinate and reorganise functions, especially those relating to collaborationacross agencies in the startup ecosystem, he said, adding that the target is toestablish 5,000 startup companies by 2025.
🐟 To date, there are at least 14agencies involved in the startup ecosystem covering aspects of financing,product development, marketing and expertise, according to Anwar.
The government will continue to enhance the public sectordigitalisation programme to ensure sustainable digital progress and drive thecountry's digital transformation agenda, Anwar said./.
The 8th Malaysia Business Events Week (MBEW) 2023 kicked off at the Kuala Lumpur Convention Centre on August 21, drawing about 400 Malaysian and foreign practitioners in the business events industry.
Malaysia’s Madani Economy policy plan requires determination and implementation to free the country from the middle-income trap and head towards a high-income country, said Bank Negara Malaysia (BNM).
Digital economy is considered as one of Malaysia’s most important economic foundations, which will contribute 25.5% to the gross domestic product (GDP) of the country by 2025 or more than 382 billion RM (82 billion USD) compared with 23.2% or 348 billion RM in 2021, according to the Horizon - Digital Economy Publication report published recently by Malaysia Digital Economic Corporation (MDEC).
The Lao National Railway Enterprise (LNRE) and Keretapi Tanah Melayu Bhd (KTMB) – Malaysia’s largest railway company - have recently signed a memorandum of understanding on cooperation in a significant move to bolster their respective railway sectors and enhance regional trade within the Pan-Asian railway initiative, according to the Lao media.
Malaysia is expected to receive more investments going forward, supported by investors’ confidence in the Madani Economy framework and from offshoots from existing investments, said Malaysia Semiconductor Industry Association (MSIA).
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Malaysia has set a target of becoming one of the top 20 nations with a startup ecosystem by 2030. Illustrative image (Photo: XINHUA/VNA) 
