Categories: Digital LifeNewsTech

Malaysia Budget 2019: RM3 billion fund under Malaysia Development Bank for development of robotics and AI

One of the key focus areas in the tabling of the Malaysian Budget is present Malaysia the as a key and attractive desination for the investment and devlopment of high technology industry sector. For this purpose, a number of incentives and initiatives was introduced at #Belanjawan2019 today. One of the more insteresting one is the creation of the Industry Digitalisation Transformation Fund under the Malaysia Development Bank.

The RM3 billion fund with a 4% subsidised interest rate incentive is created to accelerate the development and adoption of smart technologies including robotics and artificial inteligence. While we’re some ways away from a highly automated industry, this is the right step in the right direction.

Recent Posts

Grok restricted in Malaysia as X fails to implement safeguards

The Malaysian Communications and Multimedia Commission (MCMC) has directed a temporary restriction on Grok's artificial…

19 hours ago

Instagram “Reset your Password” Email: Is there a Data Breach at Meta?

If you've received an email from Instagram about resetting your password, you're not alone. It…

19 hours ago

Proton e.MAS 7 PHEV offers larger battery and faster DC charging speed than global model, available in three variants

The full specifications for Proton e.MAS 7 PHEV has been revealed by Proton’s New Energy…

21 hours ago

Malaysia’s EV registrations more than doubled in 2025, Proton e.MAS 7 regains #1 spot in December

Registrations of electric vehicles (EVs) in Malaysia have hit an all-time high, based on the…

1 day ago

2026 Proton X70 First Look: Now Cheaper and Better!?

Just less than a year and a half after the introduction of the X70 “MC2”,…

2 days ago

Firefly EV arrives in Singapore, Nio’s first global RHD market. Will it come to Malaysia?

Nio, the Chinese EV brand popular for its battery swapping network, has officially entered Southeast…

2 days ago

This website uses cookies.