• Latest
  • Trending
Malaysia set to host high-technology investments

Malaysia set to host high-technology investments

November 2, 2018
How Israel’s Likud Party played the long game toward annexation of the West Bank

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
How the Capitol riot exposed our national security blind spots

How the Capitol riot exposed our national security blind spots

January 11, 2021
‘Good riddance,’ says China as Germany leaves UN Security Council

‘Good riddance,’ says China as Germany leaves UN Security Council

December 23, 2020
Indonesian police needs reforms, urgently & not just in Papua

Indonesian police needs reforms, urgently & not just in Papua

December 13, 2020
Chinese honey trap operation?

Chinese honey trap operation?

December 11, 2020
Bali’s villa dream or just another nightmare?

Bali’s villa dream or just another nightmare?

December 5, 2020
When the going gets tough, the tough gets Ramen!

When the going gets tough, the tough gets Ramen!

November 28, 2020
Giuliani attends Pennsylvania GOP meeting on alleged election issues

Giuliani attends Pennsylvania GOP meeting on alleged election issues

November 28, 2020
Biden: ‘They are back’ !

Biden: ‘They are back’ !

November 28, 2020
Zac Efron splits from Vanessa Valladares

Zac Efron splits from Vanessa Valladares

November 28, 2020
Trump campaign cuts Sidney Powell from legal team

Trump campaign cuts Sidney Powell from legal team

November 23, 2020
Against ‘Unity’

Against ‘Unity’

November 16, 2020
citizendaily
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
Sunday, January 17, 2021
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
citizendaily
No Result
View All Result

Malaysia set to host high-technology investments

November 2, 2018
in Asia News, Economy, Featured, Lifestyle, Malaysia, Science & Technology, Southeast Asia
0
Home Asia News
Post Views: 196

 

Malaysia is set to be one of the primary destinations for  the high-tech industry and realise the aim of being ranked among the top 30 nations in the Global Innovation Index by 2025, said Prime Minister (PM) Tun Dr Mahathir Mohamad.

Speaking at yesterday’s launch of Industry4WRD — the new policy on Industry 4.0 — Dr Mahathir said Malaysia has to move faster in adopting technologies with even greater tenacity, creativity and effectiveness to ensure rapid and sustainable growth.

“The Industry4WRD is a pivotal step as Malaysia seeks to strengthen its ongoing structural reforms to become a developed nation that is equitable, sustainable and inclusive by 2025 or even earlier.

RelatedPosts

Mahathir: End of line for Muhyiddin as Bersatu may close shop and be absorbed into Umno

Mahathir Mohamad picks up defectors for his new party

Malaysia PM’s Two-Vote Majority Shows Snap Election Still a Risk

Why is Southeast Asia silent on Hong Kong?

Behind Muhyiddin’s grand scheme is Najib, claims ex-deputy minister

“We have lagged behind and in order to catch up, we need to run faster than our competitors. It is like a marathon, while we pace ourselves, we still need to be several steps faster or we will be consistently behind,” he added.

Dr Mahathir said the new policy on Industry 4.0 would serve as a clear strategic direction for the country in charting the growth of the manufacturing sector moving forward, and later will involve all economic sectors.

“Ultimately, the policy will drive Malaysia to becoming a strategic partner for smart manufacturing and related services in Asia Pacific, primary destination for the high-tech industry as well as a total solutions provider for advanced technology,” he added.

The necessity for Malaysia to have its own policies to address the Fourth Industrial Revolution, or Industry 4.0, is critical and the introduction of Industry4WRD marks the starting point to the wider industrial revolution for Malaysia.

He said smart manufacturing will eventually lead to the emergence of smart cities, smart grids and smart services in Malaysia.

The PM said a strong manufacturing sector would pave the way to enhanced productivity, job creation, innovation capability, high-skilled talent pool, economic prosperity and societal well-being.

“Manufacturing firms in Malaysia, especially small and medium enterprises (SMEs), have the potential to gain advantage from the adoption of Industry 4.0.

“With this in mind, this policy was developed to propel SMEs forward so that they can be agile and adaptable to meet the challenges posed by the Industry 4.0,” he said.

He added that as part of the Industry4WRD policy, the readiness assessment programme will further assist SMEs to measure their gaps and readiness in order to guide their adoption of Industry 4.0 technologies.

Speaking in a press conference later, Dr Mahathir said businesses should be driven by a desire for profit rather than expectations of government support.

He said businesses that rely much on federal funding and subsidies will not progress far.

Source :
themalaysianreserve.com
Tags: Global Innovation IndexIndustry4WRDMahathir MohamadSMEs
Previous Post

Indonesia’s top e-tailer switches to Lippo-backed payment app

Next Post

Going for an all Malaysian quarter-final in Macau

Related Posts

How Israel’s Likud Party played the long game toward annexation of the West Bank
Commentary

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
How the Capitol riot exposed our national security blind spots
Bilateral

How the Capitol riot exposed our national security blind spots

January 11, 2021
‘Good riddance,’ says China as Germany leaves UN Security Council
Asia News

‘Good riddance,’ says China as Germany leaves UN Security Council

December 23, 2020
Indonesian police needs reforms, urgently & not just in Papua
ASEAN

Indonesian police needs reforms, urgently & not just in Papua

December 13, 2020
Chinese honey trap operation?
Asia News

Chinese honey trap operation?

December 11, 2020
Bali’s villa dream or just another nightmare?
ASEAN

Bali’s villa dream or just another nightmare?

December 5, 2020
Next Post
Going for an all Malaysian quarter-final in Macau

Going for an all Malaysian quarter-final in Macau

Translate

Subscription

Popular Post

How Israel’s Likud Party played the long game toward annexation of the West Bank
Commentary

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
0

  Washington (11/1).    Israel’s leaders know that they will face strong criticism from powerful voices if they proceed with...

Read more

NGOs call for mass boycott of palm oil giant IOI

June 29, 2016
No peace for Greenpeace

No peace for Greenpeace

July 1, 2016

The Case Against Greenpeace

July 1, 2016
Children in ISIS Nusantara Media Outreach

Children in ISIS Nusantara Media Outreach

July 2, 2016
  • About Us
  • Creative Commons
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Contact Us

Topics

Follow Us

About Us

citizendaily.news is part of the citizen Daily Media Group LLC, which delivers daily news around the globe. ​

© 2012 The Citizen Daily

No Result
View All Result
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports

© 2012 The Citizen Daily