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Showing posts with label artificial intelligence. Show all posts
Showing posts with label artificial intelligence. Show all posts

Tuesday, July 29, 2025

Cut red tape, let business grow’, 13MP must clear the way for private sector growth, say economists

KUALA LUMPUR: The government is planning to expedite the completion of the 13th Malaysia Plan (13MP) within just seven months, a significant reduction compared with the two-year preparation time for previous national plans.

Economy Minister Rafizi Ramli said the government is working towards presenting the draft of 13MP to Parliament by July 2025.

He said this ambitious timeline is driven by the need to ensure Malaysia's socio-economic blueprint for 2026-2030 is ready well ahead of schedule to address the nation's evolving challenges.

"We want to set a new record. In the past, preparing a Malaysia Plan would take up to two years.


13MP must clear the way for private sector growth, say economists

PETALING JAYA: The 13th Malaysia Plan (13MP) must help steer the country’s transition towards becoming a high income nation by 2030 with emphasis on greater private sector participation and less bureaucratic red tape, say economists.

Sunway University economics professor Dr Yeah Kim Leng is of the view that the 13MP must be in tune with the World Bank’s definition of a high-income nation.

“It is important to accelerate economic growth so that the income gap with other high-­income countries continues to narrow.

ALSO READ: MMA: Doctor shortage, healthcare reform must top agenda

“The plans must also include pressing ahead with the required educational, health, infrastructu­ral and environmental development that underpin a dynamic and resilient economy,” he said in an interview.

The 13MP, which is to be unveiled in Parliament on Thursday, will chart a strategic road map for the nation’s economy for the next five years.

The plan, said Dr Yeah, should also contain mechanisms and poli­cies to help Malaysia shift towards a value added tech­nology and innovation-driven economy where private sector participation is crucial.

“There is also a need for policies to increase revenue mobilisation to keep abreast of the need for higher government spending while simultaneously raising spending efficiency and service delivery effectiveness.

“This can be achieved through digitalisation and technology adoption, especially the use of artificial intelligence.”

The economic roadmap, he noted, must include the streamlining and restructuring of govern­ment linked companies and state-owned enterprises.

“This will help unlock the country’s full economic potential through stronger investment, entrepreneurship and private sector-led growth,” he added.

Economist Geoffrey Williams said the 13MP should focus on reducing the role and interference of government in existing business and commercial areas and leaving these to the private sector.

“The government should focus on areas that are the direct legitimate concern of government, including public health, education and social protection.

“Regulations should be slashed and focused only on minimum standards of health and safety, anti-corruption, good governance and anti-trust issues,” he said.

The 13MP, he added, must take into account social issues, with the creation of sustainable living income levels in the form of a Universal Basic Income and a Universal Basic Pension.

“These must support policies to raise incomes through meaningful work with a fair share of value created going to emplo­yees.

“Free higher education should be a priority through the reform of the higher education system and replacing National Higher Education Fund Corporation loans with a sustainable financial system,” said Williams.

The recent changes in the ­global economic landscape is also a factor that should be addressed under the MP13, he pointed out.

“The United States tariff issue has given us a lesson that protectionist policies come with reciprocal costs.

“So removing restrictions to market access should be a priority for 13MP,” he said.

Economist Prof Emeritus Barjoyai Bardai said over-­reliance on a purely capitalistic approach with regards to foreign direct investment has resulted in less than 200,000 companies controlling over 80% of the economy.

He said there should be a shift towards developing the nation’s micro-small and medium enterprises (MSMEs) which make up 65% of the nation’s manpower or some three-million workers.

The 13MP, he said, must also ensure the development of the nation’s semi-conductor industry, which currently ranks seventh globally.

Strategic Institute for Asia Pacific senior economic advisor Dr Anthony Dass said the 13MP must shift from the post Covid-19 recovery period to one of economic transformation to drive high-value growth, particularly in the digital and green economy.

This, he said, must be coupled by inclusive development and fiscal reform, adding that efforts must also be carried out to boost high-tech investment while accelerating upskilling and technical and vocational education and training.

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Thursday, April 17, 2025

Malaysia will be China’s friend at all times, 31 MOUs inked in ‘new golden era’

PUTRAJAYA: Malaysia will remain an unwavering and principled friend to China during “moments of triumph and times of trial”, says Datuk Seri Anwar Ibrahim

The Prime Minister said Malaysia and China have long stood shoulder to shoulder – not merely as comprehensive strategic partners, but as steadfast friends.

“Malaysia values this consistency. Malaysia will remain an unwavering and principled friend to China, guided by the wisdom of history and the promise of the future,” he said in a speech during the official dinner in honour of President Xi Jinping last night.

At a time when multilateralism is under tremendous strain, as certain nations abandon the principle of shared responsibility and others question long-standing commitments, Anwar said China’s global initiatives seem to offer a new lease on hope. 

“What we are witnessing today is not an honest reckoning with the imperfections of globalisation, but a retreat into economic tribalism. 

“Market access is being wea­ponised. What was once a multilateral covenant for shared growth now buckles under the weight of arbitrary disruption and unilateral whim.

“Amid this turbulence, China has been a rational, strong and reliable partner,” he said

Anwar said Malaysia’s foreign policy was shaped by a “clear-eyed” vision of its interest and the principle of Asean centrality.

“We do not simply favour coope­ration over confrontation (but) we embrace it. We do not merely prefer respect over rivalry, we uphold it.

“And we choose dialogue, not simply because it chose us, but as a cornerstone of lasting peace and prosperity,” he said.

The Prime Minister said that during these trying times, the world yearns for steadiness, reliability and purpose.

“We see this in China’s conduct. Malaysia acknowledges such steadiness with quiet recognition and remains conscious not only of the calm it has brought, but of the hope it may continue to offer,” said Anwar.

He said under the leadership of Xi, China has outlined a series of global initiatives that reflect a distinctive worldview.

He said the Belt and Road Initiative reimagines connectivity not as a network of roads and rails, but as a framework for cooperation.

“The Global Development Initiative underscores the importance of inclusive progress.

“The Global Security Initiative calls for peace through dialogue,” he said.

“Each of these ideas reflects a broader aspiration of what President Xi has described as a community with a shared future for mankind. 

“This brings to mind the famous saying of Confucius, that ‘within the four seas, all men are brothers’,” added Anwar, who said the phrase in Chinese.

He said he also hoped that Malaysia and China would endure a long-lasting relationship.

Malaysia and China deepen partnership with major deals on trade, tech and tourism

PUTRAJAYA: Malaysia and China have signed 31 memoranda of understanding (MOUs), notes and cooperation agreements with the highlight being a mutual visa exemption for travellers between the two countries.

Currently, Malaysians can tra­vel to China visa-free until Dec 31 this year, while Chinese nationals enjoy visa-free travel to Malaysia until Dec 31 next year.

The exemption was in conjunction with the 50th anniversary of diplomatic relations between Malaysia and China.

Other strategic areas of coope­ration include security, development, trade, transport, agriculture, education and digital technology.

The exchange of documents, which took place at the Seri Perdana Complex yesterday, was witnessed by Prime Minister Datuk Seri Anwar Ibrahim and Chinese President Xi Jinping.

Among the key agreements signed with ministries and agencies is one concerning giant pandas, comprising an MOU on the Cooperative Research Agreement for the International Conservation of Giant Pandas.

Strategic talks: Anwar and Xi with their delegates during a bilateral meeting at the Seri Perdana Complex in Putrajaya. — AZHAR MAHFOF/The StarStrategic talks: Anwar and Xi with their delegates during a bilateral meeting at the Seri Perdana Complex in Putrajaya. — AZHAR MAHFOF/The Star

Additionally, under the Invest­ment, Trade and Industry Minis­try, three MOUs were signed, including one aimed at upgrading the China-Malaysia “Two Coun­tries, Twin Parks” initiative.

Also, three MOUs were inked under the Tourism, Arts and Culture Ministry, including tourism and media cooperation between Xinhua News Agency from China and Malaysia Tourism Promotion Board.

There was also an exchange of notes between China and Malay­sia on the establishment of a joint foreign and defence dialogue.

Under the Transport Ministry, Malaysia and China signed an MOU between the National Railway Administration of China and the Transport Ministry to strengthen cooperation in the railway sector.

Meanwhile, the Digital Ministry and China’s National Develop­ment and Reform Commission inked an MOU on the digital economy, while the Domestic Trade and Cost of Living Ministry signed an agreement on cooperation in the field of intellectual property.

Several MOUs were also signed with media groups and universities, including one on bilateral cooperation between China’s People’s Daily and Star Media Group Bhd.

At the start of a bilateral mee­ting, Anwar remarked that Malaysia remains committed to working together with China in various areas, including economy, trade, and emerging technologies such as artificial intelligence.

The Prime Minister stated that China is not only a close neighbour but also an important partner through the comprehensive strategic partnership, which reflects the deep trust and long-­standing cooperation between the two nations.

Toasting ties: Anwar and Xi attending the official dinner in honour of the Chinese President at the Seri Perdana Complex. — BernamaToasting ties: Anwar and Xi attending the official dinner in honour of the Chinese President at the Seri Perdana Complex. — Bernama

Recalling his previous visit to China, Anwar said: “As I have said to you when we met in China, President Xi exemplifies a new type of persona, a leader who talks about growth and investment and economic advancement.

“He also talks about eliminating poverty and has proven his success, more importantly about shared prosperity and civilisation, which is hardly expressed by any modern leader in this world.

“We admire your tenacity and for that Malaysians welcome you, President Xi, not only as president of a great country, the President of China, but as a true friend.”

In his remarks, Xi announced a bold and shared vision for the future of China-Malaysia relations, pledging to elevate the partnership to unprecedented strategic heights.

He said both countries are committed to forging an even stronger bond, promising mutual benefits and enhanced regional prosperity.

“This marks my return to Malaysia after 12 years, during which the nation has achieved remarkable progress in its develop­ment.

“Your Madani government is steadily becoming a promising reality, and I extend my heartfelt congratulations,” he said.

Xi recalled the pivotal establishment of diplomatic relations between China and Malaysia over five decades ago, which defied the tensions of the Cold War.

He also highlighted the solida­rity exhibited by both nations during the Covid-19 pandemic.

“Today, our two countries are working in unity to jointly build a community with a shared future. China-Malaysia relations are now entering a new golden era,” he said

Related post|:

May the Ship of China-Malaysia Friendship Sail Toward an Even Brighter Future


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Monday, March 24, 2025

Malaysia to byte crime with AI


PETALING JAYA: Malaysia is among nations aiming to use artificial intelligence (AI) in investigating commercial crimes.

However, the Artificial Intelligence Society Malaysia has urged the police force to first guarantee that the men in blue receive thorough training.

Its president Dr Azree Shahrel Ahmad Nazri said police officers need to understand how AI tools function, interpret AI-generated insights correctly and ensure their investigations maintain human oversight.

“AI is only as effective as the people using it. 

ALSO READ:

“Without proper training, there is a risk of misinterpretation or over-reliance on AI, which could lead to wrongful accusations or overlooked evidence,” he said in an interview.

Early this month, the Bukit Aman Commercial Crime Investigation Depart­ment (CCID) said the use of AI would ensure investigating officers could optimise their time when managing cases.

Azree Shahrel suggested that Bukit Aman consider collaborations with Malaysian universities and AI experts to develop tailored training modules for CCID officers and cybercrime units.

The police, he said, should begin AI implementation by focusing on commercial crimes, cyberfraud and money laundering investigations.

“The CCID is the best starting point as it deals with fraud cases involving millions of ringgit.

“AI-powered tools can be integrated with Bank Negara’s Financial Intelligence System to help police track mule accounts and suspicious transactions faster,” he said.

Azree Shahrel, who is also the head of laboratory at the Institute of Mathematical Research at Universiti Putra Malaysia, also proposed for AI-powered chatbots and automated scam alerts to be integrated into banking systems to warn users about suspicious transactions.

“This proactive approach not only helps in crime prevention but also educates the public about ongoing threats,” he said.

Additionally, he said the police could collaborate with local fintech companies, cybersecurity firms, and AI research institutions to develop AI-driven crime prevention systems.

“This will allow Malaysia to stay ahead of evolving crime tactics while ensuring law enforcement agencies are equipped with the latest technology,” he added.

Azree Shahrel highlighted how AI-driven fraud detection systems used by Malaysian banks have been able to flag suspicious transactions related to mule accounts, often used by scammers to launder stolen money.

“AI can track money trails across multiple accounts, something that would take human investigators weeks or months to complete.

“Additionally, AI-powered natural language processing tools can analyse scammer conversations on messaging apps like WhatsApp and Telegram, where many fraudulent investment schemes are promoted.

“In cybercrime investigations, AI can assist in identifying fake websites, detecting phishing attempts and analysing large amounts of digital evidence,” he said.

Azree Shahrel also said the university’s Institute of Mathematical Research and Faculty of Computer Science and Information Technology have developed PutraGPT, which aids in fraud detection, identifying suspicious transactions and tracking complex financial trails.

“In cybercrime investigations, PutraGPT helps to identify fake websites, detect phishing attempts, and process vast amounts of digital evidence,” he said, citing the recent fake e-commerce websites that were detected by the system.

“By automating these processes, PutraGPT can improve overall cybersecurity, offering a faster and more accurate response to evolving financial threats.”

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