Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Propelling Malaysia’s Tech Industry Globally

Image Credits: The Sun, News Article
Getting your Trinity Audio player ready...

Malaysia External Trade Development Corporation (MATRADE) and Malaysia Digital Economy Corporation (MDEC) signed a Memorandum of Understanding (MoU) with the aim of bolstering their existing partnership and strategic collaboration.

The primary goal of this MoU is to provide increased support to Malaysian technology companies, particularly those that are export-ready, in expanding their global presence through more coordinated and collaborative trade promotion efforts. This partnership signifies a significant step forward in promoting Malaysia’s tech industry on the international stage.

The MoU was formally signed by the CEO of MATRADE and the CEO of MDEC. The signing ceremony took place on the sidelines of MATRADE’s International Sourcing Programme (INSP), which coincided with the Malaysia International Halal Showcase (MIHAS) 2023 event held at Menara MATRADE.

According to the CEO of MATRADE, this MoU represents a landmark development in the relationship between both agencies and is expected to accelerate the transformation of local tech companies into global players. This aligns perfectly with the objectives of Malaysia’s recently launched New Industrial Master Plan (NIMP) 2030, championed by Prime Minister. NIMP 2030 places a strong emphasis on encouraging Malaysian businesses to embrace technology and digitalisation as a means to foster innovation, improve productivity, and create new economic growth opportunities.

Under NIMP 2030, digital and ICT have been identified as two of the five key focus sectors that have the potential to enhance Malaysia’s exports of more complex products and services. Consequently, there is a growing need for agencies like MATRADE and MDEC to streamline their initiatives and adopt a comprehensive approach to promoting Malaysian businesses on the global stage.

The Chief Executive Officer of MDEC highlighted the Corporation’s commitment to nurturing a business-friendly digital ecosystem through initiatives like the Malaysia Digital (MD) Catalytic Programmes (PEMANGKIN). These programmes focus on nine sectors believed to be capable of driving high-value digital exports and providing a launchpad for tech companies seeking global expansion. Collaboration with partners, including MATRADE, is a crucial component of this strategy.

In essence, the MoU signifies a strategic alignment between MATRADE and MDEC, both of which are key players in Malaysia’s economic development landscape. By joining forces, these agencies are better equipped to support and promote the growth of Malaysian tech companies in the global market. This partnership is poised to play a pivotal role in achieving the goals set forth in NIMP 2030 and advancing Malaysia’s position as a digital and tech powerhouse.

The signing of this MoU represents a significant milestone in Malaysia’s ongoing efforts to harness the potential of its tech sector. The collaboration between MATRADE and MDEC is expected to yield tangible benefits for local tech champions, who will gain access to a broader array of resources and support mechanisms to expand their international footprint. This is particularly crucial in an era where digitalisation and technology adoption are at the forefront of economic development strategies worldwide.

With the support of both MATRADE and MDEC, Malaysian tech companies can expect more tailored and effective trade promotion initiatives. These initiatives will be designed to address the specific needs and challenges faced by tech companies seeking to enter or expand in global markets. As a result, the partnership is expected to catalyse the growth of the Malaysian tech industry and position it as a global player.

The MoU’s significance is further underscored by its alignment with the objectives of NIMP 2030. This forward-looking industrial master plan places a strong emphasis on leveraging technology and digitalisation as key drivers of innovation and economic growth. By facilitating the expansion of tech companies into international markets, MATRADE and MDEC are directly contributing to the realisation of NIMP 2030’s goals.

Digital and ICT sectors have been identified as pivotal to Malaysia’s export ambitions, as highlighted in NIMP 2030. These sectors have the potential to propel Malaysia’s exports of advanced products and services to new heights. In light of this, MATRADE and MDEC recognise the need to work together seamlessly to maximise the impact of their initiatives and ensure that Malaysian tech companies can compete effectively on the global stage.

MDEC’s Malaysia Digital (MD) Catalytic Programmes (PEMANGKIN) play a central role in this collaborative effort. These programs are designed to promote nine key sectors with the potential to drive high-value digital exports. They serve as a vital platform for tech companies looking to make a global impact. By partnering with various stakeholders, including MATRADE, MDEC is fostering a supportive and conducive business environment for the digital economy.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.