Latest news with #UniKLBusinessSchool
Barnama
3 days ago
- Business
- Barnama
Semiconductor Sector To Benefit From Supply Chain Focus In 13MP
BUSINESS By Anas Abu Hassan & Nur Athirah Mohd Shaharuddin KUALA LUMPUR, July 29 (Bernama) – Malaysia's semiconductor industry is poised to benefit from the upcoming 13th Malaysia Plan (13MP), as the government seeks to strengthen the country's role in the global supply chain. UniKL Business School economic analyst Associate Professor Dr Aimi Zulhazmi Abdul Rashid said the five-year plan comes at a pivotal time, amid shifting global trade patterns driven by geopolitical tensions and protectionist measures such as the United States' tariff policies. 'The semiconductor industry, which is the largest contributor within the manufacturing sector, is expected to spearhead Malaysia's climb up the global value chain. 'In light of current US tariff headwinds, it is critical to position Malaysian manufacturers as key global players,' he told Bernama in an exclusive interview. Aimi Zulhazmi said the 13MP should also outline clear strategies to advance Malaysia as a producer of high-end chips for artificial intelligence (AI) and advanced electronics. He added that the plan must align with the New Industrial Master Plan (NIMP) 2030, which targets a six per cent growth in manufacturing's contribution to gross domestic product (GDP), particularly through exports. Boosting National Competitiveness
New Straits Times
5 days ago
- Business
- New Straits Times
Semiconductor sector to benefit from supply chain focus in 13MP
KUALA LUMPUR: Malaysia's semiconductor industry is poised to benefit from the upcoming 13th Malaysia Plan (13MP), as the government seeks to strengthen the country's role in the global supply chain. UniKL Business School economic analyst Associate Professor Dr Aimi Zulhazmi Abdul Rashid said the five-year plan comes at a pivotal time, amid shifting global trade patterns driven by geopolitical tensions and protectionist measures such as the United States' tariff policies. "The semiconductor industry, which is the largest contributor within the manufacturing sector, is expected to spearhead Malaysia's climb up the global value chain. "In light of current US tariff headwinds, it is critical to position Malaysian manufacturers as key global players," he told Bernama in an exclusive interview. Aimi Zulhazmi said the 13MP should also outline clear strategies to advance Malaysia as a producer of high-end chips for artificial intelligence (AI) and advanced electronics. He added that the plan must align with the New Industrial Master Plan (NIMP) 2030, which targets a six per cent growth in manufacturing's contribution to gross domestic product (GDP), particularly through exports. Boosting National Competitiveness Meanwhile, economist Dr Nungsari Ahmad Radhi said the 13MP should address ways to enhance national competitiveness by improving the productivity of both firms and workers. "Productivity means doing things better, and doing better things – which implies adopting newer, more efficient technologies," he said. He noted that if more local firms become globally competitive, higher-paying jobs will follow. Nungsari stressed that development spending must prioritise education – improving the quality of teaching and the learning environment to uplift school standards. "We have many universities, but more must be transformed into research centres that generate intellectual property in strategic fields such as semiconductors, AI and robotics," he said. Given the limited fiscal space for development expenditure, he argued that the 13MP must focus on fundamentals. "Public funds should go towards public goods like education. At the same time, the government can offer fiscal incentives to encourage private sector investment in digitalisation, ESG (environmental, social, and governance) and renewable energy," he added. The 13MP is scheduled to be tabled in the Dewan Rakyat on July 31 by Prime Minister Datuk Seri Anwar Ibrahim.
The Sun
5 days ago
- Business
- The Sun
Malaysia semiconductor sector to gain from 13MP supply chain focus
KUALA LUMPUR: Malaysia's semiconductor industry is expected to gain significant advantages from the upcoming 13th Malaysia Plan (13MP), as the government prioritises reinforcing the country's position in the global supply chain. UniKL Business School economic analyst Associate Professor Dr Aimi Zulhazmi Abdul Rashid (pic) highlighted that the five-year plan arrives at a crucial moment, coinciding with shifting global trade dynamics influenced by geopolitical tensions and protectionist policies like US tariffs. 'The semiconductor industry, which is the largest contributor within the manufacturing sector, is expected to spearhead Malaysia's climb up the global value chain. In light of current US tariff headwinds, it is critical to position Malaysian manufacturers as key global players,' he told Bernama. Aimi Zulhazmi emphasised that the 13MP should include clear strategies to position Malaysia as a producer of high-end chips for artificial intelligence (AI) and advanced electronics. He added that the plan must align with the New Industrial Master Plan (NIMP) 2030, which targets a six per cent growth in manufacturing's contribution to GDP, particularly through exports. Meanwhile, economist Dr Nungsari Ahmad Radhi stressed that the 13MP should focus on boosting national competitiveness by improving productivity across firms and workers. 'Productivity means doing things better, and doing better things – which implies adopting newer, more efficient technologies,' he said. Nungsari also highlighted the need for development spending to prioritise education, urging universities to evolve into research hubs specialising in semiconductors, AI, and robotics. 'Public funds should go towards public goods like education. At the same time, the government can offer fiscal incentives to encourage private sector investment in digitalisation, ESG, and renewable energy,' he added. The 13MP is set to be tabled in the Dewan Rakyat on July 31 by Prime Minister Datuk Seri Anwar Ibrahim.
Sinar Daily
11-06-2025
- Business
- Sinar Daily
B40 not affected by SST expansion
The expansion would primarily impact the wealthy group or those who could afford to spend lavishly and own luxury goods. The low-income group or B40 will not be affected by the expansion of the Sales and Services Tax (SST) scope that will be implemented starting July 1. SHAH ALAM – The low-income group or B40 will not be affected by the expansion of the Sales and Services Tax (SST) scope, which will take effect from July 1. Instead, the expansion would primarily impact the wealthy group or those who could afford to spend lavishly and own luxury goods. UniKL Business School economist Associate Professor Dr Aimi Zulhazmi Abdul Rashid, the expansion represented a more targeted consumption tax and would not be imposed on all income groups. 'This SST is imposed on those who are able to own luxury goods and spend in line with their income. This time, its expansion is more targeted and not general. 'In other words, it is for those with the capacity to make large expenditures,' he told Sinar on Tuesday. Previously, the government adopted a targeted approach in the implementation of the revised Sales Tax (ST) and the expansion of the Services Tax (ST) scope to ensure the public is not burdened when the tax is implemented starting July 1. Finance Minister II Senator Datuk Seri Amir Hamzah Azizan said the tax review aimed to strengthen the country's fiscal position by increasing revenue and broadening the tax base. Finance Minister II Senator Datuk Seri Amir Hamzah Azizan. Bernama FILE PIX Meanwhile, Aimi said the country's domestic economy remained strong despite global economic challenges and therefore, the government's additional revenue target of RM5 billion was not difficult to achieve. 'The SST scope expansion is actually approaching the scope of the previous Goods and Services Tax (GST). 'And based on the continuous strength of the domestic economy, despite global economic headwinds, achieving the additional revenue target of RM5 billion is not an issue,' he said. However, Aimi explained that the SST expansion carries the risk of putting pressure on the current inflation rate, which is now at 1.4 per cent. He said this happens when the additional cost resulting from the tax is passed on by producers to consumers and businesses at the end of the supply chain. 'The expansion of the SST scope poses a risk of increasing the current inflation rate of 1.4 per cent. 'This is because the increase will be passed down by producers through the supply chain of goods and services to consumers and end businesses,' he said. Nevertheless, Aimi emphasised that the inflation rate increase is expected to remain under control as the tax does not involve daily necessities used by the majority of people. 'However, the rate increase will likely remain manageable. It may only rise slightly as it mostly involves high-value luxury goods, not essential items like food and beverages,' he said. INFO Types of services subjected to tax: Rental or leasing services (8 per cent) Beauty services (8 per cent) Educational services (6 per cent) Healthcare services (6 per cent) Educational services (6 per cent) Financial services (8 per cent) Construction work services (6 per cent) More Like This
