- Liew Chin Tong calls for a strong Malaysia-Singapore tech industrial platform.
- Emphasis on AI, quantum computing, and advanced chip materials.
- The goal is to create a mini South Korea in the global supply chain.
Deputy Minister of Investment, Trade and Industry, Liew Chin Tong, stated that Malaysia and Singapore require a strong financial ecosystem utilizing advanced technologies to activate a potent collaborative industrial platform.
He stated that the two nations are distinctly positioned, as manufacturing continues to represent over 20% of gross domestic product.
"It encompasses new materials such as silicon carbide and gallium nitride, new chip architectures, and emerging fields including artificial intelligence and quantum computing.
“To support these advancements, we need a robust financial ecosystem, one where regulatory bodies like the Securities Commission Malaysia are aligned with technological and industrial priorities," he stated during his keynote address at the Business Forum of the Malaysia-Singapore Chinese Chambers of Commerce on Tuesday.
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Liew remarked that Singapore maintains a strong manufacturing sector, whereas Malaysia provides supportive strengths.
"We should aspire to build our own ecosystem, born out of a Malaysia-Singapore partnership.
"Together, we can serve as a mini South Korea in the global supply chain, adding value far beyond our geographic size," he added.
Liew also commended the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and the Singapore Chinese Chamber of Commerce and Industry (SCCCI) for fostering closer ties between the two nations.