Industry News

The government is expected to launch a national policy on Industry 4.0 by mid-2018, as the country embraces the evolution of a technology-driven global economy. Deputy International Trade and Industry Minister Datuk Seri Ahmad Maslan (picture) said the process of drafting the national policy started last year in collaboration with several ministries and relevant agencies. …

KUALA LUMPUR: Malaysia and 10 other Asia Pacific countries signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Santiago, Chile on Thursday.     The Minister of International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed said the countries were Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, New Zealand, Peru, Singapore and Vietnam. …

INDUSTRIALISATION is the process of transformation from a primarily agrarian economy to one based on the manufacturing of goods. This process fosters development in aspects beyond economic fundamentals such as social, demography, and politics.     Besides that, it enables urban-rural migration and social mobility, improves purchasing power and spending habits, and creates political movements …

Small and medium enterprises (SMEs) are agile enough to adapt and use digitalisation through big data, cloud computing, the Internet of Things (IOT) sensors and 3-D printing through all aspects of manufacturing and production.     Through these digitalisation technologies, SMEs have the ability to enhance the operation of machines and devices, manoeuvre the movement …

The Ministry of International Trade and Industry (MITI) hopes to announce the National Industry 4.0 policy framework before mid-year, said Deputy Minister Datuk Chua Tee Yong.     He said the framework, currently at the last stage of drafting, would be announced by the MITI Minister, Datuk Seri Mustapa Mohamed.     “It’s in the …

BACK in 2015, many had predicted that the Malaysian economy would dip into recession by 2018, or even earlier. Perhaps, this was based on historical data which suggests that the economy tends to plunge into a recession every seven to 10 years.   The last time the economy experienced a recession was in 2009, when …

The government is aggressively undertaking various efforts to assist industry players in embracing Industry 4.0 through the adoption of automation and smart manufacturing.     Malaysian Investment Development Authority (MIDA) strategic planning (manufacturing) executive director Zabidi Mahbar said Ministry of International Trade and Industry (MITI) and MIDA are heavily involved in formulating strategies and conducting …

The manufacturing sector provided further signs of Malaysia’s economic recovery, registering an expansion rate last month that was not seen since 2014. According to Nikkei Malaysia’s monthly Purchasing Managers Index (PMI), Malaysian factories recorded a score of 52.0 in November, up from 48.6 in the month before; the rate was the highest recorded since April …

The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.     Government incentives to aid manufacturing and infrastructure spend, as well as an established …

For the past 20 years, Malaysia’s manufacturing sector has embarked on robotic assembly lines, precision engineering and computer controlled processes. Building upon the country’s strong manufacturing base, Malaysia is aligning with the Fourth Industrial Revolution (Industry 4.0). Being open to emerging technologies is a key competitive differentiator that will assist in overcoming the many challenges …

Malaysia’s move into Industry 4.0 as well as the Internet of Things (IoT) technology is only possible because of the existence of its established electrical and electronics (E&E) sector, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.“Malaysia is now the world’s seventh largest exporter of E&E products with a total export of RM287.7 …

Hong Kong signed free trade and investment agreements with the 10-nation Association of Southeast Asian Nations on Sunday, in what one of the Chinese territory’s officials called a “loud and clear” vote against rising regional trade protectionism.     The pacts, which conclude nearly three years of talks, are expected to take effect on Jan …

The Budget 2018 announced the right impetus to increase the participation of Malaysian companies in international trade. The Budget’s policy intent is to strengthen MATRADE’s export promotion and export development initiatives will further strengthen Malaysia’s external trade performance.     The budget of RM150 million allocated for MATRADE, Malaysian Investment Development Authority (MIDA) and SME …

The Fourth Industrial Revolution, commonly known as Industrial 4.0 in Germany was introduced by a German economist, Klaus Schwab in 2015. It corporates advanced sensors, machine-to-machine communication links, 3-D printing, robotics, artificial intelligence, big data analytics and cloud computing technology. These cyber-physical platform monitor factory processes and make decentralised, self governing decisions, leading to “intelligent” …