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Malaysia and Taiwan companies sign seven MOUs at MIDA

Seven Memoranda of Understanding (MoUs) were signed between Malaysian and Taiwanese firms across various fields, namely food, pharmaceuticals, cosmetics, textile, IT services, healthcare and traffic solutions during the Malaysia-Taiwan Industrial Collaboration Summit held at the headquarters of the Malaysian Investment Development Authority (MIDA) today.
Among the MoUs signed include a collaboration between a Malaysian equipment company and a Taiwanese exporter, manufacturer and trading company, to develop functional fabric. With the MoU, both companies will not only be involved in the exchange of information and market expansion but will also explore innovative applications in the fashion industry supply chain.
The Deputy Secretary-General (Trade) of the Ministry of International Trade and Industry (MITI) made an appearance at the event and said that the signing of the seven MoUs was a testament to the fact that Malaysia has the right conditions in place to attract foreign businesses in many areas.
These collaborations can further step up cooperation and exchanges between Malaysia and Taiwan.
According to the leaders present at the Summit, technology will continue to be the driving force of the changing landscape in businesses. Hence, it is important for the various companies to incorporate new ways of doing things to remain competitive.
Malaysia seeks to create a strong innovation climate that is driven by collaborations and technology transfers in high value-added areas, such as ICT, design and development, and the Internet of Things. Having the right incentives in place is also important.
As the country seeks to become a producer country, one that can churn out high-tech products, Malaysia’s leaders believe there is much that the country’s domestic players can learn from Taiwanese firms – especially in cultivating an innovation state of mind, according to the Deputy Secretary General (Trade) of MITI.
The full-day event featured sub-forums and business matching sessions with focus areas on textile, food, pharmaceutical, cosmetics, smart city solutions and IT services. There was also a sharing session by representatives of YSP Malaysia, Logic Art, Willowglen and Asli Mechanical.
Also present were the Deputy Director General of the Industrial Development Bureau (IDB), the Vice Chairman of the Chinese National Federation of Industries (CNFI), the Deputy Chief Executive Officer of MIDA, the President of the Federation of Malaysian Manufacturers (FMM), and Ms Anne Hung a Representative of Taipei Economic and Cultural Office (TECO) in Malaysia.
The event, which was jointly organised by CNFI and FMM, attracted over 300 participants ranging from the Taiwanese and Malaysian business community as well as government representatives.
The Malaysian Investment and IDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments in the manufacturing and services sectors in Malaysia.
Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees.
Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era.
The event organised by MIDA will help to manifest the economic goals laid out in Malaysia’s Smart City initiatives which emphasise the importance of creating competitive, innovative and diverse economic opportunities to prepared for the challenges and opportunities of economic globalization. Particularly with regards to the aspects of economic growth and value creation, innovative economic growth, equitable wealth distribution and entrepreneurship. All of which the MoUs hope to achieve in steps.

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.

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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.

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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.

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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. 

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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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