Malaysia aims to become technology creator, not just user, says minister

KUALA LUMPUR: Malaysia must reposition itself as a technology nation by becoming a creator of technologies rather than merely a user. Deputy Investment, Trade and Industry Minister Liew Chin Tong stated that while reaching the level of advanced nations might take 10 to 15 years, Malaysia could lead in “middle technologies” by building capabilities for the global supply chain. “We can create technologies for Malaysia and for the rest of the world as long as we are part of the supply chain to advanced technological nations,” he said at a document exchange to mobilise 50 million ringgit in aerospace financing. Liew stressed the importance of expanding funding channels, urging government-linked entities to explore innovative financing models for local firms. He explained this support would help local companies evolve from serving multinationals into becoming niche technology owners and creators through sustained research and development investment. MTDC chairman Tan Sri Abdul Rahman Mamat announced a pilot aerospace financing programme to support small and medium enterprises ready to move up the value chain. The programme mobilises 50 million ringgit through partnerships with Malaysian Industrial Development Finance Bhd and MBSB Bank. This includes 10 million ringgit in equity funding from MTDC for Micron Concept Aerostructures Sdn Bhd, complemented by 40 million...