Latest news with #MalaysiaDigital
Barnama
7 days ago
- Business
- Barnama
Malaysia Set To Lead Regional Gaming Industry With Playstation Studios
KUALA LUMPUR, July 23 (Bernama) -- Malaysia is strengthening its position as Southeast Asia's most complete game development ecosystem through closer collaboration with PlayStation Studios Malaysia, said Digital Minister Gobind Singh Deo. In his Facebook post today, Gobind said the strategic alignment discussion explored opportunities to expand the studio's capacity as a regional AAA hub, while empowering local vendors and talent through government-backed incentives. 'At the PlayStation Studios x Government of Malaysia Strategic Alignment Discussion today, we explored ways to deepen this synergy. From studio workforce growth and vendor enablement to aligning with national policies such as the Digital Content Ecosystem (DICE) Roadmap, artificial intelligence (AI) and Malaysia Digital,' he posted.
The Sun
7 days ago
- Business
- The Sun
Malaysia aims to lead regional gaming industry with PlayStation Studios
KUALA LUMPUR: Malaysia is positioning itself as Southeast Asia's leading hub for game development through a strengthened partnership with PlayStation Studios Malaysia. Digital Minister Gobind Singh Deo highlighted the country's growing ecosystem, supported by government incentives and industry collaboration. In a Facebook post, Gobind detailed discussions on expanding the studio's regional role while boosting local talent and vendors. 'At the PlayStation Studios x Government of Malaysia Strategic Alignment Discussion today, we explored ways to deepen this synergy. From studio workforce growth and vendor enablement to aligning with national policies such as the Digital Content Ecosystem (DICE) Roadmap, artificial intelligence (AI) and Malaysia Digital,' he said. The minister emphasized Malaysia's competitive edge, driven by strong academic-industry ties, international partnerships, and technological advancements. 'This is in line with our mission to develop talent and lead the gaming sector in the region. I am confident we will see meaningful progress as a result of this meeting,' he added. The initiative aligns with national strategies to elevate Malaysia's digital economy, reinforcing its reputation as a key player in global game development. – Bernama
Malaysia Sun
08-07-2025
- Business
- Malaysia Sun
Malaysia's digital investments surge in Q2 on strong data center, cloud demand
KUALA LUMPUR, July 8 (Xinhua) -- Malaysia's digital investments under the Malaysia Digital (MD) national strategic initiative surged by 125 percent to 29.47 billion ringgit (6.95 billion U.S. dollars) in the second quarter from the first quarter, underpinned by strong data center and cloud demand, official data showed Monday. The Malaysia Digital Economy Corporation (MDEC) said in a statement that as of June 2025, a total of 261 companies approved under the MD initiative have collectively committed 42.58 billion ringgit in investments, with the potential to generate 17,495 knowledge workers over the next five years. Leading the investment landscape is the data center and cloud vertical, which contributed 30.95 billion ringgit and is expected to generate 1,440 knowledge workers due to strong demand for regional data infrastructure. Notably, data center companies alone committed 13.45 billion ringgit, highlighting investor confidence in Malaysia's digital infrastructure and regional connectivity. Other high-growth sectors include artificial intelligence, which attracted 3.29 billion ringgit in investments, with an estimated 6,920 jobs created, representing 40 percent of the total projected employment. Meanwhile, global business services, with investment amounting to 4.99 billion ringgit, is expected to create 5,632 jobs, or 32 percent of total job creation. Digital Minister Gobind Singh Deo described the strong upward momentum as "exceptional growth which speaks volumes about our nation's digital readiness, the strength of our innovation ecosystem, and the confidence that global investors have in Malaysia's future." "Beyond numbers, these investments represent thousands of opportunities for the Malaysian workforce and a long-term uplift for our digital economy. The MD initiative is a proven platform to drive inclusive innovation and elevate our regional leadership in the digital space," he added. (1 ringgit equals 0.24 U.S. dollars)
The Sun
08-07-2025
- Business
- The Sun
MDEC launches two grants totalling RM2.9m to accelerate digital transformation in AI and manufacturing sectors
PETALING JAYA: Malaysia Digital Economy Corporation (MDEC) is introducing two grants totalling RM2.9 million aimed at accelerating digital transformation in two of Malaysia's most strategic sectors – artificial intelligence (AI) and manufacturing. Eligibility for these grants is exclusively extended to companies possessing Malaysia Digital (MD) or MSC Malaysia status, or to those with a pending MD status application at the time of applying for the grant. The two new grants – the Malaysia Digital Acceleration Grant – Artificial Intelligence (MDAG-AI) and the SmartMFG+ Incentive Programme – are designed to support high-potential local companies by promoting innovation, developing export-ready digital solutions and creating high-skilled employment opportunities. MDEC CEO Anuar Fariz Fadzil described the grants as both timely and strategic, giving a significant boost to Malaysia's digital transformation agenda. 'MDAG-AI establishes a foundational framework for Malaysia to emerge as a preeminent hub for AI innovation, while SmartMFG+ lays the groundwork for widespread digitalisation across the manufacturing industry. Collectively, these initiatives serve as a dual engine to advance our digital ambitions,' said Anuar. The MDAG-AI grant is specifically designed to support Malaysian digital companies in the commercialisation of AI solutions. It targets high-impact projects that correspond with the national AI investment strategy, focusing on companies with capabilities across the foundational, enabling, and application layers of AI. This initiative builds upon the momentum generated by prior programmes, concentrating on AI product commercialisation, cross-sector AI application, talent development and knowledge transfer. It is strategically aligned with the National AI Roadmap, reinforcing Eligible companies may apply for funding of up to 70% of total project costs, capped at RM2 million, for projects spanning a duration of up to one year. Application is now open till July 18 and successful applicants will be announced at the Malaysia Digital Expo (MDX) in September.
New Straits Times
08-07-2025
- Business
- New Straits Times
MDEC rolls out RM2.9mil in new grants to drive AI
KUALA LUMPUR: The Malaysia Digital Economy Corporation (MDEC) has introduced two new grants totalling RM2.9 million to fast-track digital transformation in two key sectors: artificial intelligence (AI) and manufacturing. Open exclusively to companies with Malaysia Digital (MD) or MSC Malaysia status, or those with a pending MD application, the Malaysia Digital Acceleration Grant – Artificial Intelligence (MDAG-AI) and the SmartMFG+ Incentive Programme are designed to boost local innovation, support the development of export-ready digital solutions, and generate more high-skilled employment opportunities. MDEC chief executive officer Anuar Fariz Fadzil said the grants come at a critical time to advance Malaysia's digitalisation goals. "MDAG-AI establishes a foundational framework for Malaysia to emerge as a preeminent hub for AI innovation, while SmartMFG+ lays the groundwork for widespread digitalisation across the manufacturing industry. Collectively, these initiatives serve as a dual engine to advance our digital ambitions," said Anuar in a statement. The MDAG-AI grant is specifically designed to support Malaysian digital companies in the commercialisation of AI solutions. It targets high-impact projects that correspond with the national AI investment strategy, focusing on companies with capabilities across the foundational, enabling, and application layers of AI. Eligible companies may apply for funding of up to 70 per cent of total project costs, capped at RM2 million, for projects spanning a duration of up to one year. The SmartMFG+Incentive Programme is a vital initiative within the New Industrial Master Plan 2030 (NIMP2030). Its objective is to expedite digital adoption within the manufacturing sector by providing support to local technology solution providers in scaling digital solutions across various domains such as operational efficiency, predictive maintenance, real-time production intelligence, supply chain analytics, and quality assurance. Selected MD-status companies will receive funding of up to 70 per cent of their solution development costs, with the maximum amount capped at RM75,000 per company.
