the sun malaysia ipaper logo 150x150
Friday, July 24, 2026
28.5 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

Budget 2025 lauded as driver of innovation

GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA) has commended Budget 2025 as a forward-thinking framework for fostering sustainable economic growth that addresses inequality and drives innovation.

NCIA chief executive Mohamad Haris Kader Sultan said the focus of the Budget on critical sectors such as technology, green energy and infrastructure aligns with the Northern Corridor Economic Region (NCER) Strategic Development Plan 2024-2030 to position itself as a leader in high-value industries such as in the semiconductor, energy and agro-tech sectors.

Mohamad Haris also said NCIA’s role in driving investments and developing a comprehensive business ecosystem is further strengthened by the emphasis on talent development.

“Through our Advanced Technology Manufacturing and Packaging initiative under the NCER Technology Innovation Centre (NTIC), we are committed to supporting skill enhancement in high-tech industries,” he said.

He added that these efforts, facilitated through industry-academia collaboration, would ensure the workforce is trained in artificial intelligence, robotics and sustainable technologies.

He also said the Centre of Excellence at NTIC focuses on developing the capabilities of local SMEs for integration into supply chains of high-value sectors.

He also highlighted projects such as the Lebuhraya Bertingkat Juru dan Sungai Dua as critical for alleviating traffic congestion in Seberang Perai and fostering socio-economic development across Penang, Kedah and Perak.

“The Budget’s commitment to regional equity and the fair distribution of economic benefits across all NCER states resonates deeply with NCIA’s mission to uplift communities throughout the Northern Region,” he said.

He also highlighted that the Kerian Integrated Green Industrial Park (Kigip) in northern Perak will have a transformative socio-economic impact across the region, benefiting southern Kedah and Penang.

Mohamad Haris reaffirmed NCIA’s commitment to facilitating green investments in Kigip by nurturing a strong industrial ecosystem centred on talent and innovation through NTIC initiatives.

NCIA said it would continue collaborating with federal and state governments, as well as private sector partners.

“This is to ensure the Northern Corridor becomes a hub for innovation and sustainable growth, aligned with the Malaysia Madani vision of a resilient, inclusive and high-income nation.”

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

RZOLV and Alkemio Bioscience forge strategic collaboration to advance rare earth and critical minerals...

RZOLV Technologies has signed a non-binding letter of intent with Argentina-based Alkemio Bioscience to jointly develop an integrated modular platform for recovering, separating and refining rare earth elements and critical minerals, paving the way for pilot-scale validation and commercial deployment.

“Across the Table” – Iconic chefs come together for luxury dining series at The...

The Naka Island, Phuket, will host the "Luxury Dining Series: Across the Table" from 12–15 August 2026, featuring Michelin-starred chefs, renowned mixologists and immersive culinary experiences that celebrate fine dining, Thai hospitality and the island's rich culture.

Shopee strengthens support for Malaysian businesses with new growth initiatives

Shopee Malaysia has introduced new seller growth initiatives under Shopee Lindung Niaga, including fee waivers, reduced commission rates, free advertising credits and fulfilment incentives to help local MSMEs start, scale and grow sustainably.

Watsons unveils “Watsons Evergreen” with Pantone to celebrate 185 years of trusted care and...

Watsons has launched "Watsons Evergreen" in collaboration with the Pantone Color Institute to celebrate its 185th anniversary, introducing a signature colour that represents trusted care, everyday vitality and the brand's enduring connection with customers across global markets.

STAMPEDE creates 11,000 free business pages to bring Singapore’s AI push to local F&B...

STAMPEDE has launched 11,000 free business pages to help Singapore F&B operators adopt AI-powered loyalty programmes, enabling hawkers, cafés and restaurants to improve customer retention, referrals and repeat visits without complex technology or additional hardware.

Alylytiq launches AI-powered research solutions to make big-brand insights affordable for Singapore SMEs

Market research consultancy Alylytiq LLP today announced the launch of Automytiq, a suite of AI-powered research solutions designed to make professional-grade market insights accessible to Singapore's small and medium-sized enterprises.

Thailand secures $43.6bn 1H 2026 investment surge as big tech accelerates Southeast Asia AI...

Thailand recorded US$43.6 billion in investment applications during the first half of 2026, led by AI data centres, digital infrastructure and renewable energy projects, strengthening its position as a key Southeast Asian hub for technology, manufacturing and foreign direct investment.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings