Latest news with #MinistryofScience
The Sun
3 days ago
- Business
- The Sun
Malaysia advances blockchain adoption with new infrastructure initiative
KUALA LUMPUR: The Ministry of Science, Technology and Innovation (MOSTI) is working closely with the Ministry of Digital to accelerate blockchain adoption nationwide, targeting sectors like public administration, finance, and the halal industry. Minister Chang Lih Kang highlighted the technology's role in improving transparency, efficiency, and security. 'This includes government administration to improve transparency and efficiency in public service systems; finance and banking to reduce transaction costs and enhance access to digital financial services; the halal industry to strengthen tracking and certification systems that are more efficient and reliable; and trade and supply chains to enhance efficiency and product traceability from producers to consumers,' he said during the launch of the Malaysia Blockchain Infrastructure (MBI) at Malaysia Blockchain Week 2025. Chang explained that blockchain's potential has been hindered by fragmentation, high costs, and interoperability issues. The MBI aims to address these challenges by enabling seamless connectivity between blockchain networks, lowering costs, and improving trust and security. 'The MBI is our strategic response, designed to enable interoperability across blockchain networks, reduce transaction costs and duplication, and enhance trust, transparency, and security. It will also provide open access to more startups, businesses, and communities,' he added. The initiative aligns with the National Blockchain Roadmap 2021–2025, which has achieved 60 per cent of its goals so far. Malaysia Blockchain Week serves as a platform for collaboration, reinforcing the country's ambition to become a regional blockchain leader. - Bernama
Barnama
3 days ago
- Barnama
MOSTI Leaves Pdrm Helicopter Crash Probe To Authorities
KUALA LUMPUR, July 21 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) has left the investigation into the Royal Malaysia Police (PDRM) helicopter crash in Sungai Pulai, Gelang Patah, on July 10 to the relevant authorities. Minister Chang Lih Kang said that although the incident occurred during the Multilateral Nuclear Security Detection Exercise (MITSATOM) 2025, the ministry is not involved in the probe. 'It happened during a MOSTI programme rehearsal, but we are not part of the investigation. It's not under our purview,' he told reporters at the launch of the Malaysia Blockchain Infrastructure (MBI) in conjunction with MyBlockchain.
Barnama
3 days ago
- Business
- Barnama
MOSTI, Digital Ministry Committed To Advancing Blockchain Adoption Nationwide
KUALA LUMPUR, July 21 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) remains committed to formulating and implementing policies and initiatives in collaboration with the Ministry of Digital to drive broader adoption of blockchain technology across key national sectors. Its minister, Chang Lih Kang, said the collaboration includes sectors such as public administration, finance, halal industry, and trade to enhance transparency, efficiency, and data security. 'This includes government administration to improve transparency and efficiency in public service systems; finance and banking to reduce transaction costs and enhance access to digital financial services; the halal industry to strengthen tracking and certification systems that are more efficient and reliable; and trade and supply chains to enhance efficiency and product traceability from producers to consumers,' he said. Chang was delivering his keynote speech at the launch of the Malaysia Blockchain Infrastructure (MBI) during Malaysia Blockchain Week 2025 here today. He said blockchain technology is becoming increasingly relevant in sectors like finance, supply chains, halal traceability, and public services. However, challenges such as fragmentation, high costs, and lack of interoperability have limited its full potential. 'The MBI is our strategic response, designed to enable interoperability across blockchain networks, reduce transaction costs and duplication, and enhance trust, transparency, and security. It will also provide open access to more startups, businesses, and communities,' he said. According to Chang, the MBI positions Malaysia at the forefront of digital trust infrastructure, supporting not only innovation but also creating real-world impact across industries and communities. He said the implementation of MBI is aligned with the National Blockchain Roadmap 2021–2025 outlined by MOSTI, which has achieved 60 per cent of its objectives to date and aims to position Malaysia as a regional digital hub for blockchain technology. Chang also noted that Malaysia Blockchain Week, the country's flagship blockchain event, is more than just a gathering of industry players, institutions, and government stakeholders — it is a bold statement of intent to lead in digital innovation and embrace the future economy.
Borneo Post
6 days ago
- Business
- Borneo Post
Sabah delegates gain strategic insights at Energy Asia 2025
Mohd Hanafiah (centre) visiting the immersive tunnel at the Energy Park — a three-day pop-up exhibition set up by Petronas in conjunction with Energy Asia 2025, showcasing its net-zero ambitions through interactive experiences. KOTA KINABALU (July 18): The Energy Asia 2025 conference in Kuala Lumpur served as a valuable platform for Sabah delegates to gain insights into Asia's evolving role in the energy sector — particularly in the context of driving a just and inclusive energy transition. Permanent Secretary of the Ministry of Science, Technology and Innovation Datuk Mohd Hanafiah Mohd Kassim, described it as a fast-track introduction to energy transition as speakers and eminent experts shared their insights during the three-day conference held at Kuala Lumpur Convention Centre from June 16 to 18. Attending the conference for the first time, Mohd Hanafiah described it as an eye-opening and impactful experience. 'I believe this platform serves as a fast track for me to understand where we stand in our energy initiatives, particularly from the perspectives of innovation and strategy. The speakers were brilliant, able to articulate complex issues in 15 minutes, and respond to questions with clarity and depth. It's been an eye-opening experience.' He was particularly interested in the dialogues that touched on regulation and governance in dealing with energy transition. He noted that to develop effective and competent regulatory frameworks, a one-size-fits-all approach would not work. Another Sabah delegate, Chief Executive Officer of Invest Sabah Berhad Dr Firdausi Suffian said that Energy Asia clearly spelled out that there can be no net zero without Asia. 'The sharing here highlighted the importance of collaboration, diversification, and, of course, upskilling. These are not just buzzwords; they are strategic imperatives if we are serious about driving a just and inclusive energy transition in this region, ensuring that no one is left behind as we move towards a more sustainable and resilient energy future,' he said. Firdausi called on policymakers and industry players, as well as academics and civil society, to attend such conferences, saying they had a role to play in understanding and supporting energy transition, which requires a collective and inclusive approach to ensure long-term sustainability and resilience. 'If you look at the entire programme and discussions, they all seem to share a common consensus, which can be summarised very clearly: the energy transition must be approached through the lens of context,' he added. Energy Asia, hosted by Petronas in partnership with Knowledge Partner CERAWeek by S&P Global, wrapped up with a powerful call to accelerate a just, inclusive, and practical energy transition. The event gathered over 4,000 participants from 60 countries and 38 sectors, uniting policymakers, investors, innovators and energy professionals under one roof to exchange insights and drive forward-looking solutions. Through more than 50 strategic dialogues across seven sub-themes, Energy Asia explored the collaborative efforts among Asian nations to strengthen energy security, advance renewable energy adoption, implement decarbonisation solutions, enable technology transfer, and drive both economic and socio-economic development.
The Sun
6 days ago
- Business
- The Sun
Mosti: National Technology Investment Framework in the works
KUALA LUMPUR: The government is developing a National Technology Investment Framework to tap into growing investor interest in the green economy and to position Malaysia as a key player in sustainable, future-focused sectors. Ministry of Science, Technology and Innovation (Mosti) deputy secretary-general (technology development) Datuk Dr Mohd Nor Azman Hassan said a major challenge lies in convincing investors that Malaysia has the capabilities, resources, and long-term vision to support and sustain green investments. 'While we are rich in natural resources, many of them are still in the development phase. This means we must present a compelling and credible roadmap to demonstrate our readiness,' he said during a panel discussion at the National Economic Forum 2025 (NEF 2025) today. He was speaking in a session focused on attracting investments into Malaysia's emerging economic sectors, especially in areas aligned with global trends such as artificial intelligence and clean energy. 'We believe that with clear and consistent steps, Malaysia can rise to the occasion and become a preferred destination for strategic, long-term investments,' he said. Mohd Nor Azman stressed the importance of demonstrating leadership in sustainability as the world shifts towards greener development. He said Malaysia must show that it is not just keeping pace with global trends but actively leading in areas such as responsible mining and the sustainable use of biodiversity and bio-based resources – sectors where the country holds an international comparative advantage. Using rare earth elements as an example, he explained that these materials are crucial in technologies such as electric vehicles and clean energy systems. However, the challenge is to ensure that the development of these resources is truly sustainable, not only in policy but also in execution. Malaysia, Mohd Nor Azman said, has already made strong global commitments. 'For instance, we've pledged to achieve net-zero emissions by 2050, which anchors our national sustainability agenda. We've also aligned ourselves with international frameworks and developed national strategies like the New Industrial Master Plan and the National Energy Transition Roadmap.' He added that Malaysia is actively collaborating with global partners to ensure that its sustainability efforts remain credible, transparent, and impactful. 'Collaboration remains key. We are not doing this alone,' he emphasised. Through strategic frameworks, global partnerships, and a strong national commitment to sustainability, the country aims to build investor confidence and position itself at the forefront of the global green economy, Mohd Nor Azman said.
