
Malaysia sets RM1 trillion E&E export target by 2030
Prime Minister Datuk Seri Anwar Ibrahim said the key strategic plans, the New Industrial Master Plan 2030 (NIMP 2030), the National Semiconductor Strategy (NSS), and the National Energy Transition Roadmap (NETR), will be intensified to drive inclusive and sustainable economic growth.
"We take great pride in Malaysia's position as the world's sixth-largest exporter of semiconductors, contributing to exports of electrical and electronic (E&E) products valued at over RM600 billion in 2024.
"This momentum will be optimised through the implementation of the High Value–High Technology Semiconductor Industry Flagship Project, with the goal of increasing E&E export value to nearly RM1 trillion by 2030," he said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
2 hours ago
- New Straits Times
NST Leader: Agrofood sector set for major reforms under 13MP
THE 13th Malaysia Plan (13MP) has big ideas for the agrofood sector. High time, we say. It has been treated as a stepchild since the country transitioned to manufacturing in the 1980s. That should change by 2030, when the 13MP reforms the sector, leading to RM58 billion in value creation. Self-sufficiency rates are also being scaled up to 80 per cent for rice, 98 per cent for fisheries, 83 per cent for fruits, 79 per cent for vegetables, 140 per cent for poultry, 123 per cent for eggs and 50 per cent for beef and buffalo meat. Ambitious? Yes, given that the Agriculture and Food Security Ministry has to hit the targets within five years, on top of resolving numerous issues plaguing the agrofood sector. Surely, an unenviable task. Land is a big ticket item, with most of what is available being devoted to industrial crops such as oil palm and rubber, because they are more profitable. In 2020, 7.6 million hectares of arable land was used for agriculture, of which 5.2 million was dedicated to industrial crops. Little wonder, our Asean neighbours' agrofood products are everywhere. Former director of Malaysian Agricultural Research and Development Institute, Rozhan Abu Dardak, provides another reason why this is so in his article published in the Food and Fertilizer Technology Centre Agricultural Policy Platform website on April 14: Vietnam dedicated 33 million hectares for rice cultivation. Thailand 9.2 million hectares, Indonesia 10.6 million hectares and the Philippines 5.6 million hectares. What about Malaysia? Of the 996,950ha dedicated to the agrofood sector, only 373,383ha is being used to cultivate rice. The rest is used for growing fruits, other food crops and vegetables, the last, a measly 64,220ha to work on. If that is not enough, the agrofood sector has to compete with industries and housing for land. More land for agrofood should certainly be a reform to aim for. There is one reality our policymakers often miss. Malaysia is a land of small things. Like the small and medium enterprises (SMEs) that dominate the country's economy, so do small-scale farms. According to Rozhan, more than 90 per cent of Malaysian farmers own small plots of land, averaging 2.5ha per person. Logically, bigger means better yields. But that doesn't mean technology can't be made to work on small plots to increase yields. Like we have learnt to live with SMEs, we must learn to live with small-scale farms. What the agrofood sector reform should focus on are the farms themselves: the what and how of the trade. The skyrocketing prices of farm inputs, too, are making farming a challenging vocation. Farmers need help. Providing subsidies to those who deserve it is one way. The 13MP's move to incentivise young agroentrepreneurs takes the reform to a good place. We are a nation of old farmers, most of whom are in their 60s. At that age, farming is a struggle. Malaysians will be keeping a keen eye on the agrofood sector reforms, because what happens in the farms will determine whether or not we have home-grown food on the table.


New Straits Times
3 hours ago
- New Straits Times
13MP: Ministry to develop price and supply repository system
PENAMPANG: The Domestic Trade and Cost of Living Ministry will develop a Price and Supply Repository System during the 13th Malaysia Plan (13MP). Its minister, Datuk Armizan Mohd Ali, said the system would enable the government to monitor prices and supply comprehensively from producers and wholesalers to retailers and consumers. "With this supply and pricing data chain, the government can monitor more effectively and detect manipulation by middlemen who inflate prices. "The ministry will collaborate with various ministries, including the Economy Ministry and the Finance Ministry," he said. He was speaking to reporters after launching the Madani Nationhood Seminar organised by Akademi Kenegaraan Malaysia (AKM) at the International Technology and Commercial Centre (ITCC) here today. Armizan said the system will not only strengthen the food supply chain but also help detect exactly where price hikes or manipulation occur within the distribution process. At the same time, a study on the factors behind price differences in Sabah, Sarawak and Labuan was launched this year. A separate Price Stability Committee has been established for each state. He said that the committee, co-chaired by himself and Sabah Community Development and People's Well-being Minister, Datuk James Ratib, will evaluate five key items in Sabah, including chicken prices. Armizan also said a preliminary report had already been presented by Universiti Malaysia Sabah (UMS) for Sabah and Labuan, while Universiti Malaysia Sarawak (Unimas) is conducting the study for Sarawak. "UMS has proposed five essential items that can be addressed in the short term to solve the issue. "We will examine their initial findings before proceeding to the second phase of the study," he said. – Bernama


The Star
3 hours ago
- The Star
Asean News Headlines at 10pm on Sunday (Aug 3, 2025)
Malaysia: * PM vows no protection for those linked to Zara Qairina's death * Zara Qairina's clothes, belongings remain untested in investigation, says lawyers * Forensic tests not conducted on Zara Qairina's clothes, say lawyers * Mother of Zara Qairina files second police report over bruises on daughter's body * Pakatan seeks to ensure partners Barisan and GRS do not clash in Sabah polls, says PM * Government to develop new system to enhance price transparency for essential goods * Son of Perak's Sultan Nazrin's among participants of jellyfish-hit swim event * Anwar: Felda free to determine FGV's direction after delisting * JPJ to audit bus operator involved in UPM crash * Pandikar now backs Hajiji's move for GRS to work with Pakatan * Enforcement of medicine price display rule to continue, says Health Ministry * Federal Government to invest RM1.4bil in palm oil replanting under 13MP * Tishant's father facing domestic violence, child neglect charges in Johor * Doctors prioritise care over payment for undocumented mothers * Close to 500,000 affordable houses built under 12MP as of March * Reluctance to serve in East Malaysia among reasons contract medical officers resign, says Dzulkefly The gold medallist team United States, poses on the podium after the women's 4x100-meter medley relay final at the World Aquatics Championships in Singapore, Sunday, Aug. 3, 2025. -- AP Photo/Lee Jin-man Singapore: * Singapore reviewing Malaysia's request to start cross-border bus services from JB at 4am * Singapore National Day fireworks: How to manage pets' anxiety over sudden, loud noises * Singapore President Tharman meets migrant workers who saved driver of car that fell into sinkhole * Asean interim observer group inspects conflict-hit areas on Cambodia-Thailand border * New Zealand to charge foreign visitors at popular tourist sites * Singapore at 60: A founders' memorial - Island celebrates 60 years of independence * The story of a separation - significant events leading up to the historic milestone of Malaysia-Singapore Separation 1965 * Singapore: Swimming world championships: United States set world record in women's 4x100 medley relay / Australia's beaming Harris foils Walsh treble bid at worlds Indonesia: * Malaysia-Indonesia Ambalat discussions a sign of friendship, says Anwar * Indonesia's Jambi Province faces increased fire risk due to decreased rainfall, says weatherman * Light-sport aircraft piloted by an Air Force veteran crash in Indonesia's West Java; killing pilot and injures another * Political motivations behind rising cyberattacks in Indonesia in mid-2025, report says * Indonesian man nabbed in KLIA over fake Immigration stamps * Indonesian workers in Japan face growing stigma after viral incidents * Japan confirms no tsunami after Indonesia's Mt Lewotobi erupts Gold medallist Canada's Summer McIntosh and France's Leon Marchand celebrate after winning the best female and male swimmer of the World Aquatics Championships in Singapore. Photo: REUTERS/Hollie Adams Thailand: * Thai Air force detects drone swarms over military and government sites * Two Malaysians die in Yala province * Warning issued over dangerous 'Rainbow Shot' kratom tea blends in Thailand * Thailand's political index drops to 3.86 amid border tensions, floods * Thai government spokesman Jirayu slams politician for border clash claim, stirring false narrative against acting PM Philippines: * World economies reel from Trump's tariffs punch * Philippine death toll from south-west monsoon, cyclones climbs to 38 * Chikungunya might be about to break out worldwide * Almost half of Filipino families consider themselves poor, poll shows * Pope Leo tells hundreds of thousands of young Catholics to build a better world Canada's swimmer Summer McIntosh speaks to the press after the swimming event during the 2025 World Aquatics Championships in Singapore on Sunday, August 3, 2025. -- Photo by Oli SCARFF / AFP Vietnam: * Vietnam's mountainous north flooding death toll rises to 10 * Vietnamese woman arrested in RM4.9mil JB drug bust * Vietnam denounces false claims, reaffirms collaboration with US in wartime missing accounting * Vietnamese PM Chinh urges Petrovietnam to strive for regional top five ranking * Long Thanh airport must receive first flight by end-2025: Vietnam PM Myanmar: * Myanmar remains upbeat on trade talks despite 40% Trump tariffs * Myanmar's SSPC Chairman inspects excavation of centuries-old Ketumati City * Asean's parallel diplomacy on Myanmar: Creativity sans coordination * Myanmar junta air strike on ruby mine hub kills 13 Ruta Meilutyte of Lithuania reacts after winning the gold medal in the women's 50-meter breaststroke final at the World Aquatics Championships in Singapore, Sunday, Aug. 3, 2025. -- AP Photo/Vincent Thian Cambodia: * Thailand, Cambodia chose Malaysia because of stability, says Anwar * Cambodia confirms Malaysia-led Asean defence attache team to monitor ceasefire * Alleged Cambodian spy caught in Sa Kaeo, paid 160 baht a day * Two soldiers repatriated - the nation welcomed the return of two wounded soldiers from Thailand Laos: * Laos to enforce strict penalties on tobacco companies failing to comply with new graphic warning regulations * Laos' inflation drops further to 5.3 per cent in July * Giving mangosteen 'queen treatment' to reverse declining yield Brunei: * Couple detained for possession of contraband in Brunei * Brunei appoints new joint forces commander * Brunei royalty grace DPMM FC friendly match Tottenham Hotspur's Son Heung-min waves after the pre-season friendly match against Newcastle United at Seoul World Cup Stadium in Seoul, South Korea, Sunday, Aug. 3, 2025. It is his farewell game for Spurs, the team he has played for more than a decade. -- AP Photo/Ahn Young-joon AseanPlus: * Malaysia: Govt mulls nuclear energy for peninsular Malaysia, Sabah * Fewer than 1,500 property purchases by foreigners in 2024, says minister * Purchase of new aircraft shows Malaysia Airlines' financial success * Malaysia to enhance foreign fishing vessel control with e-PSM system * Malaysia celebrates music of South-East Asia as 'KL Street Jam' kicks off in style at city centre * New Zealand woman arrested after travelling with child in suitcase * China and Russia start joint drills in Sea of Japan * The 'KPop Demon Hunters' food guide: What do the Huntrix members eat? * Michael Jackson's daughter Paris, 27, calls off engagement to bandmate Justin Long * The enduring allure of Pucci: A print-fuelled takeover with staying power * What are China's most dynamic cities? New report gives surprising answer * South Korea in high alert amid heavy rain forecast * 11 of family killed as vehicle falls into canal in Uttar Pradesh, India * Hong Kong Observatory cancels amber rainstorm warning * AI robot pet hit in Japan as personalities vary based on upbringing * China's Hebei restores power, roads after heavy rains * China's customisable robot market may be about to take off * Australian towns blanketed with rare snow in wild weather * Hong Kong Ballet to debut The Butterfly Lovers in NYC * Filmmakers try to cash in on India-Pakistan battle * Japan sweats through hottest July on record * Australian state seeks to enshrine work from home in law * More livestock in Japan undergo online medical exams due to vet shortage * 10 deaths a day as South Korea's suicide fight falls short among seniors * Elephant Mahadevi may leave wildlife centre in Gujarat despite ongoing recovery * Russian media search for China boy who met Putin 25 years ago; now engineer recalls kiss * Emergency search launched for woman swept away in floodwater north of Sydney * Nvidia denies back-door features in its H20 chips after Beijing raises security concerns * South Korean's death after three consecutive company drinking sessions ruled work-related * Memorial held for dogs from famous Antarctic expedition; Hokkaido event honours 'majestic and heroic' huskies * Hong Kong airport to revise late-night use of south runway over noise complaints * Hong Kong group focused on protecting Victoria Harbour disbands after 30 years * Chess: Checkmate, Li Tian emerges as first chess Grandmaster * Badminton: Roy King-Arif capture Macau Open title / Justin finishes second in Macau Open * Bowling: Malaysia secures gold at Asian Junior Championships