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Executive Summary World Robotics 2016 Industrial Robots

admin — Mon, 24 Jul 2017 09:05:20 +0000

Robots 2015: By far the highest volume ever recorded In 2015, robot sales increased by 15% to 253,748 units, again by far the highest level ever recorded for one year. The main driver of the growth in 2015 was the general industry with an increase of 33% compared to 2014, in particular the electronics industry (+41%), metal industry (+39%), the chemical, plastics and rubber industry (+16%). The robot sales in the automotive industry only moderately increased in 2015 after a five year period of continued considerable increase. China has significantly expanded its leading position as the biggest market with a share of 27% of the total supply in 2015.

Executive_Summary_WR_Industrial_Robots_20161

Government Urges GLCs, GLICs, MKDs and VCs to Finance Start-Up Fund to Grow Malaysia’s Digital Economy

admin — Fri, 21 Jul 2017 07:40:35 +0000

The government have called on Government Linked Corporations (GLCs), Government Linked Investment Companies (GLICs), Minister of Finance Incorporated (MKD) and venture capitalists (VCs) to finance local technology start-ups and scale-ups. The digital economy which now accounts for over 17% of Malaysia’s GDP represents the future and more needs to be done to drive growth for Malaysian companies and SMEs in this sector. One of the most critical elements in building a vibrant and sustainable ecosystem in this sector is access to ready capital. To date, local GLCs have made initial investments into this area but more is needed as compared to other countries. Creating a new funding platform for start-ups and scale-ups with the support of various regulators and ministries is in line with the government’s efforts to drive the national agenda for growing the digital economy. It will also spur the GLCs, GLICs, MKDs and VCs to collaborate with each other as they work to nurture businesses that are starting up or moving to the next level of growth.

http://www.miti.gov.my/miti/resources/Media%20Release/MEDIA_RELEASE_-GOVERNMENT_URGES_GLCs_GLICs_MKDs_AND_VCs_TO_FINANCE_START-UP_FUND_TO_GROW_MALAYSIAS_DIGITAL_ECONOMY.pdf

Talent Development, Key to Malaysia’s Venture Into Industry 4.0

admin — Fri, 21 Jul 2017 06:32:12 +0000

Malaysia has a strong manufacturing base. However, to stay competitive, our companies have no choice but to embrace intelligent production and include more Industry 4.0 elements into their operations. While we emphasise on the need to adopt new technologies and processes, the success of any industry relies heavily on human capital. More…please click HERE Source: MIDA Website