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Singapore-Malaysia Enhancing Resilience and Collaboration

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The Second Annual Ministerial Dialogue (AMD) between the Ministry of Trade and Industry, Singapore (MTI), and the Ministry of Investment, Trade and Industry, Malaysia (MITI), convened in Singapore. The dialogue, established in 2023, focuses on pioneering areas such as the Digital Economy and Green Economy, aiming to foster resilience and sustainability in supply chains across both nations, emphasising technological advancements and economic collaboration, followed by developments in trade, cybersecurity and business support initiatives.

Initiating the dialogue, both Co-chairs – H.E. Gan Kim Yong and YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz – emphasised the strategic importance of enhancing economic cooperation between Singapore and Malaysia and affirmed the mutual commitment to strengthen bilateral economic ties through innovative collaborations, particularly in digital and green economies.

Furthermore, advancements were acknowledged in the Green Economy through the Capacity Development Programme for Exporters, focusing on sustainable practices and meeting green standards in export activities. This programme, facilitated by Enterprise Singapore and the Malaysia External Trade Development Corporation, supports small and medium-sized enterprises (SMEs) in adopting green practices.

The dialogue underscored joint initiatives to foster business development, including the Malaysia-Singapore Third Country Business Development Fund (MSBDF), which facilitates joint missions and collaborations in third countries. Recent ventures into Thailand exemplify bilateral cooperation across various sectors, highlighting ongoing efforts to capitalise on shared strengths and explore new market opportunities.

The inauguration of the Supply Chain Cooperation Workgroup (SCWG) during the dialogue is aimed at enhancing supply chain resilience, particularly in response to global disruptions observed during the COVID-19 pandemic. This initiative underscores the interdependency of both economies and emphasises the necessity for increased cooperation.

In the realm of digital economy cooperation, significant strides were noted in trade facilitation, cloud computing, and real-time payment systems, aimed at digitalising cross-border trade activities and ensuring interoperability. Discussions under the ASEAN Digital Economy Framework Agreement further underlined collaborative efforts in enhancing regional digital integration.

Moreover, the Capacity Development Programme for Exporters, spearheaded by Enterprise Singapore and Malaysia External Trade Development Corporation, continues to empower SMEs to adopt green practices, crucial for meeting international sustainability standards.

Cybersecurity emerged as a pivotal concern in safeguarding digital trade, with planned engagements between Singapore’s Cyber Security Agency and Malaysia’s National Cyber Security Agency aimed at reinforcing cyber resilience and ensuring the security of cross-border transactions.

This strategic collaboration underscores the importance of joint efforts in addressing cybersecurity challenges, particularly in the context of digital trade, where robust defences are essential to protect against evolving cyber threats and ensure the integrity of digital transactions across borders.

OpenGov Asia reported that the Infocomm Media Development Authority (IMDA) of Singapore and the Malaysian Communications and Multimedia Commission (MCMC) signed an MoU in February this year to combat telecommunications scams. This initiative aims to enhance cross-border cooperation in sharing intelligence and implementing joint strategies against scammers targeting both countries.

Key areas of focus include regulatory support, research, education, and mutual exchange of information related to scam calls and text messages. This partnership underscores the commitment of Singapore and Malaysia to collaboratively address the cross-border challenge of telecommunications scams, leveraging their close geographical proximity and shared objectives.

Concluding with a commitment to open and free trade, the dialogue anticipates leveraging Malaysia’s upcoming ASEAN Chairmanship in 2025 to forge stronger regional partnerships. The AMD remains pivotal in fostering economic synergies and resilience amidst evolving global dynamics.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com