17/10/2025

FRIDAY | OCT 17, 2025

15

BIZ & FINANCE

Corporate Malaysia ready to shift to AI execution mode

SAIC Motor to assemble MG’s

vehicles in Malacca KUALA LUMPUR: SAIC Motor Malaysia plans to begin local assembly of MG vehicles in Malaysia in the first half of 2026, marking a significant milestone in bringing MG products closer to local customers while strengthening the brand’s regional growth. Since its launch just over a year ago, SAIC Motor Malaysia has expanded its network to 26 MG motor authorised dealerships nationwide, including three showrooms in Sarawak, with three more on the way. Its five model line-up now includes the all-electric MGS5 EV, reflecting the brand’s shift towards green energy vehicles. The strong reception of the MG Cyberster has also made Malaysia the best-performing market in Asia excluding China and Oceania for the brand’s all-electric roadster. SAIC Motor Malaysia managing director Emory Qi said, “This remarkable journey would not have been possible without the support of our dealers, business partners, media, and colleagues. Local assembly will be a key milestone that brings us closer to customers while reinforcing our role as a regional hub for MG.” SAIC Motor Malaysia will begin local assembly in partnership with EP Manufacturing Bhd in Malacca. “Today’s announcement is only the beginning. Together with our partners and local talent, we are building a future where innovation, sustainability, and opportunity drive Malaysia forward with MG,” said Qi.

Malaysia reflects their ongoing commitment to building a vibrant and inclusive marketplace. “With over 80% of securities on our exchange already Shariah-compliant, expanding the network of Islamic stockbroking services enhances accessibility and empowers more investors to participate in Shariah-compliant investing. This milestone strengthens our efforts to deepen market liquidity, deliver long-term value, and support sustainable wealth creation across Malaysia’s capital market,” he said. NewParadigm group CEO Charanjeev Singh said this approval not only strengthens their role in promoting ethical and inclusive financial solutions but also reinforces their intent to contribute to the sustainable growth of Malaysia’s Islamic capital market. 2030. Amongst the incentives in Budget 2026 to boost AI adoption is the 50% additional tax deduction for small and medium enterprises who undertake AI and cybersecurity training recognised by MyMahir National AI Council for Industry, jointly led by TalentCorp and MyDigital. The government also allocated RM18.1 million for the NAIO, in line with its expanding role to shape Malaysia’s AI strategies and policies while fostering collaboration across ministries, government agencies and the private sector. Yew commented, “We laud the government’s balanced-yet-proactive approach of encouraging the usage of AI to harness its benefits while establishing policy frameworks as a safeguard measure. SRKK will continue to engage with the ministries and agencies, as well as create avenues such as Transform 2026 to foster dialogue and collaborations amongst technology providers, users and policymakers to strengthen the AI ecosystem.” The fourth iteration of Transform 2026 focused on building cybersecurity resilience, with keynote speakers and panel discussions on the blueprint for secure AI adoption, the state of Malaysia’s AI and cybersecurity landscape, and future-proofing security in the AI era.

o Budget 2026 incentives, national policy frameworks and dedicated centres set to break new ground

KUALA LUMPUR: Digital transformation player SRKK Group believes that Corporate Malaysia is poised to advance into the AI execution era, as AI-awareness breaks new ground with Budget 2026 incentives, national policy frameworks, and dedicated centres fostering collaboration and excellence. SRKK, which has completed digital transformation projects for government-linked companies and large corporations, has not only seen an increasing spate of enquiries, but also undertaken an expanding and increasingly complex scope of works that harness AI capabilities in recent times. SRKK CEO Yew Lip Sin said, “In recent years, the nature of these projects have evolved from document automation to more complex tasks like enabling AI-integrated production workflows, data retrieval from knowledge repositories with natural language, and AI-driven demand forecasting to help companies be ahead.” “Moreover, these have been implemented across large-scale manufacturing, logistics and retail sectors. In every instance, AI has

enhanced internal efficiency and external scalability, preparing companies to thrive and expand in the next era. We are buoyant that the digital economy and AI strategies in Budget 2026 would boost the uptake from more corporations, propelling Malaysia firmly from awareness to execution phase,” he added . Meanwhile, Ministry of Digital secretary general Fabian Bigar said that the government’s recognition of AI as the engine to power transformation has led to the establishment of Malaysia National AI Office (NAIO) and development of the National AI Strategy Framework 2026-30 to drive AI adoption and innovation across all sectors. Elaborating on the digital economy as one of the pillars to Malaysia’s objective of becoming an AI nation by 2030, he said, “In the MyDigital Blueprint, our goal is to create 500,000 new high-skilled digital jobs and to cultivate a thriving ecosystem of 5,000 startups by 2030.” The Digital Ministry estimates for AI to generate approximately US$115 billion (RM486 billion) in productive capacity for Malaysia by

NewParadigm is Bursa’s newest Islamic Participation Organisation KUALA LUMPUR: Bursa Malaysia Bhd has onboarded NewParadigm Securities Sdn Bhd as its newest Islamic Participating Organisation (Islamic PO). The exchange said NewParadigm’s to trade Shariah-compliant securities, conducted either through a dedicated Islamic window or a full-fledged Islamic brokerage. supporting the growing demand for responsible investment solutions.

Bursa Malaysia CEO Datuk Fad’l Mohamed said: “The addition of NewParadigm as an Islamic Participating Organisation on Bursa Malaysia-i is in line with our commitment to building a vibrant and inclusive marketplace. With over 80% of securities products on our exchange are Shariah compliant, expanding the network of Islamic stockbroking services enhances accessibility and empowers more investors to participate in Shariah-compliant investing. This milestone reinforces our focus on delivering value, deepening market liquidity, and supporting sustainable wealth creation for investors.” He added the inclusion of NewParadigm as an Islamic Participating Organisation on Bursa

This ensures clear segregation between Islamic and conventional transactions across all trading and post-trading activities, maintaining full compliance with Shariah principles. Introduced in 2016, Bursa Malaysia-i is the world’s first end-to-end Shariah-compliant investing and trading platform offered by the exchange. It provides a comprehensive suite of exchange-related services structured within a Shariah framework, supported by a robust, transparent, and secure infrastructure. This platform empowers investors to access a wide range of Shariah-compliant instruments, reinforcing principles of ethical finance and

onboarding supports broader access to ethical investment avenues and reflects the role of domestic firms in advancing equitable and sustainable financial solutions. NewParadigm is a local firm with long standing presence in the stockbroking industry since 2004. NewParadigm’s Islamic stockbroking services commenced yesterday, further enriching the landscape of Shariah-compliant investment ecosystem. Islamic Stockbroking Services and Bursa Malaysia-i Islamic stockbroking enable investors

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