The Malaysian Minister of Science, Technology, and Innovation said recently that the agency welcomed the country’s Prime Minister’s announcement at the opening of Invest Malaysia 2021 recently that Malaysia will become a high-technology country by 2030. The goal is to build an economy that is driven by science, technology, and innovation. This will help the development of technology in the local area by giving people jobs and economic opportunities in artificial intelligence, the Internet of Things, and blockchain technology.
Another thing that the Minister said was that the agency is working on 17 technology roadmaps, including one for artificial intelligence, another for blockchain, another for electrical and electronics, another for advanced materials, robotics, and vaccines. These roadmaps are in line with the 10 science and technology drivers and 10 socioeconomic drivers that are in the 10-10 Malaysia science, technology, and innovation and economic frameworks, which you can read more about here (10-10 MySTIE).
MOSTI wanted to make Malaysia a vaccine producer, generate RM600 billion in potential trade returns in the electric and electronics sector by 2025, make a big impact on GDP through the identified fields, and make 5,000 start-ups by 2025.
Land-based and online gambling is banned in Malaysia because it is a mostly Muslim country. Offshore betting sites can still be accessed safely and securely. Unlike in other countries in the region, gambling is not punished with a prison sentence. It’s important to choose a safe platform, and we found a source that had a lot of useful information about online sports betting in Malaysia along with the best betting sites for Malaysian people. At the same time, betting is one of the most profitable things you can do online.
It’s always been seen as morally wrong to play, or gamble, in countries and states all over the world. If you want to play a lot of different games, you should go to a web-based casino. How about that? All of the doubts have been put to rest, and it looks like it will have a long and prosperous life. Gambling has become very popular in Malaysia. Despite this, it has a big effect on the economy. If you want to start gambling and make a lot of money, you need to think about the facts.
Malaysia is a member of the British Commonwealth. It is the UK‘s second-biggest trading partner in Asia, after China. The two countries signed a Memorandum of Understanding in 2016 to keep their trade relationship strong. Sure enough, the DIT has helped more than 20 collaborations and investments between UK companies and more than $131 million worth of trade by UK tech companies in Malaysia since that year. The best part about this? After Brexit and the coronavirus pandemic, there are no signs that this collaborative spirit is going away.
Government initiatives make it easier for people to work together. Not only does the Malaysian government help businesses with tax incentives, but there is also a One-Stop Centre for Business Travellers. This project was organized by the Malaysian Investment Development Authority. It makes it easier for international business travelers to move around the country.
CEO WORLD Magazine said that Malaysia was the best country to invest in or start a business in. It looks like a lot of people have the same good things to say. There was a ranking of countries based on how well they were at being innovative. The World Bank said it was the second easiest country to do business in. Similar groups think Kuala Lumpur, the capital of Malaysia, has a great environment for new businesses to grow. So, why not join in the fun?
Malaysia’s digital economy now makes up 19.1% of the country’s GDP. It is also hoped that over the next few years, this figure will rise to 22.6 percent. This is proof that the government wants to keep the tech industry growing. Farming has become more modern because of the rise of “agri-tech,” which uses AI and data analysis to make farming easier. Health technology has made a lot of progress, too.
As far as who you want to reach with your website content, the high use of technology allows you to reach people from all over the world. Because 99 percent of people have smartphones and 86 percent are on social media, this means that a lot of people use them. The fact that big tech companies like Google, Microsoft, and Huawei have recently set up shop there might be interesting to learn about. If you want to be a digital person, Malaysia looks like the place to be.