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Malaysia to Boost Technological Advancements

Image Credits: Prime Minister's Office of Malaysia Official Website, Press Release
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Tsinghua University in Beijing, China, is poised to enhance its collaboration with Malaysia, with a specific emphasis on fostering technological advancements through the exchange of students, academics, and researchers. The Prime Minister of Malaysia revealed that during a courtesy meeting with Tsinghua University’s President discussions encompassed the prospect of joint research initiatives and the commemoration of the upcoming 50th anniversary of Malaysia-China diplomatic relations.

The collaboration with Tsinghua University holds immense promise, particularly in the realm of technology and engineering, given its global reputation for academic research and educational excellence. The Malaysian PM expressed his optimism regarding this partnership, highlighting Tsinghua University’s outstanding contributions to the fields of engineering, science, and technology.

Currently, there is a substantial presence of Malaysian students at Tsinghua University, totalling 350 individuals. Notably, this constitutes the largest cohort of foreign students at the institution, underscoring the burgeoning interest among Malaysians in pursuing education in cutting-edge technological disciplines.

In addition to facilitating student exchanges, this collaboration also aims to foster closer ties between Malaysian and Chinese researchers, encouraging the development of innovative solutions in the tech sector. Tsinghua University’s commitment to holding a special program in conjunction with the 50th anniversary of diplomatic relations between Malaysia and China further underscores its dedication to strengthening technological cooperation.

Tsinghua University’s collaboration with Malaysia represents an exciting opportunity to propel technological advancements forward, enabling knowledge-sharing, joint research ventures, and academic exchanges in fields crucial to the future of both nations.

The collaboration between Tsinghua University and the Malaysian government is aligned with several key national goals. It supports Malaysia’s efforts to develop its human capital by providing access to world-class education in technology and innovation.

This partnership contributes to technological advancement and research in fields like engineering and science, in line with Malaysia’s economic diversification goals. Additionally, it enhances diplomatic relations with China and promotes internationalisation in higher education. Furthermore, the collaboration helps raise the quality of education in Malaysia and supports the nation’s aim to stimulate economic growth through innovation and knowledge-based industries.

OpenGov Asia earlier reported that in the first half of 2023, Malaysia attracted investments totalling RM132.6 billion (US$28.4 billion) across various sectors, setting a confident tone for its economic growth. These investments are projected to create approximately 51,853 job opportunities, a testament to Malaysia’s appeal to investors worldwide.

Malaysia’s investment climate is boosted by several factors:

  • Pro-Business Policies: The Malaysian government is dedicated to fostering pro-business policies and continually improving the ease of doing business in the country.
  • Strategic Location: Situated in Asia, Malaysia boasts robust growth potential, making it an attractive location for investors.
  • Hub for Ecosystem and Supply Chain: Malaysia serves as a trusted hub for supply chains, capital, talent, goods, and data.
  • Innovation Capabilities: The nation’s innovation capabilities are on the rise, further enhancing its attractiveness to investors.

A substantial portion of these investments, 52.2%, came from Domestic Direct Investment (DDI), amounting to RM69.3 billion (US$14.8 billion), marking an impressive 58.2% increase compared to the previous year. DDI’s growth was driven by investments in services and the primary sector, particularly real estate.

Foreign Direct Investment (FDI) played a significant role, contributing 47.8% of total approved investments, equivalent to RM63.3 billion (US$13.6 billion). Singapore emerged as the leading source of FDI with RM13.7 billion (US$2.9 billion), followed by countries like Japan, the Netherlands, China, and the British Virgin Islands.

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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.

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