February 25, 2024

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Malaysia and China Elevate Tech Collaboration

In a collaborative effort to deepen business ties between Malaysia and China, both nations have introduced the Belt and Road Overseas Venture Incubator (BROVI). This initiative was unveiled during the Belt and Road Symposium Malaysia 2023, which serves as a platform for advancing the cooperative development of Malaysia Madani and the Belt and Road Initiative (BRI). Additionally, the symposium marked the establishment of a Malaysia-China Belt and Road Institute (MCBRI) aimed at fostering academic cooperation between the two countries.

The charge d’affaires of the Chinese embassy expressed China’s willingness to engage in a series of joint initiatives to work towards realising a shared vision for the future of China-Malaysia relations. He noted that the Malaysia Madani concept, proposed by the Malaysian Prime Minister, aligns with the President of China’s idea of a global community with a shared future. The joint building of a China-Malaysia community of shared future, supported by the leaders of both countries, sets a clear course for their bilateral relations.

Significant achievements in bilateral collaboration, particularly in the context of the BRI, were acknowledged, with China remaining Malaysia’s largest trading partner for 14 consecutive years. In 2022, China-Malaysia bilateral trade exceeded AU$200 billion for the first time, reaching AU$203.6 billion. Chinese investments in Malaysia reached $12.5 billion in 2022, constituting 33.9% of Malaysia’s total foreign direct investment (FDI).

Moreover, both countries are on the verge of celebrating the 50th anniversary of the establishment of China-Malaysia diplomatic relations next year.

The Deputy Prime Minister of Malaysia highlighted the shared goals of Malaysia Madani and BRI, stressing comprehensive and sustainable development for all, irrespective of factors like race, social class, or religion. He noted the profound benefits Malaysia has reaped from China’s economic growth and expressed confidence in Malaysia’s capacity to learn from China’s economic development experience. This experience includes strong government commitment to growth, export-oriented manufacturing, a well-educated workforce, a thriving entrepreneurial culture, and attracting foreign direct investment (FDI).

Crucially, the aspect of science, technology, and innovation (STI) was underscored as a key facet of China-Malaysia cooperation that is gaining momentum. The Counsellor Of Science and Technology at the Chinese embassy in Malaysia emphasised China’s commitment to strengthening collaboration in research and development and high-tech applications. This joint effort seeks to accelerate technological transformation and enhance the quality of life for the people of both nations.

OpenGov Asia reported earlier that, in a keynote speech at the third Belt and Road Forum for International Cooperation, the President of China outlined eight major steps for China to advance high-quality Belt and Road cooperation, inspiring various sectors in Hong Kong.

The Chief Executive of the Hong Kong Special Administrative Region (HKSAR) emphasised Hong Kong’s crucial role in the field of innovation and technology (I&T) and expressed full support for the proposed measures to promote high-quality Belt and Road cooperation.

The focus is on actively integrating into national development, strengthening economic and trade ties under the Belt and Road Initiative (BRI), enhancing physical and institutional connectivity, promoting financial integration, cultural and people-to-people ties, and facilitating exchanges among young professionals.

PARTNER

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.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

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 www.planview.com.

SUPPORTING ORGANISATION

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.

PARTNER

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. 

PARTNER

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.

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