Category: News & Events

 

Halal certified F&B manufacturer, Yeo’s Malaysia (Yeo’s), places high priority on its halal operations which plays a key role in growing its market and building customer confidence for its product range in Malaysia and beyond.

In addition to serving the Malaysian market, Yeo’s is also today an important manufacturing centre and global distributor to Indonesia, New Zealand, Australia, Europe, Indochina and the US, making it a leading F&B company with Malaysia’s halal certification for the international market.

Malaysia’s halal certification involves detailed governance. Brands must comply with the strict regulations set by the government halal authority, the Department of Islamic Development Malaysia (JAKIM).

According to Razana Mat Saad, Yeo’s Senior Manager, Halal Compliance, “We have in place a comprehensive and effective system that is fully compliant with JAKIM’s requirements.”

“We observe a strict Standard Operating Procedure (SOP) and our Halal Assurance System (HAS) fully complies with the requirements under the Malaysia Halal Certification Procedure Manual (MPPHM) 2020 and the Malaysia Halal Management System (MHMS) 2020.”

“Strict halal regulations are observed across our premises and products. Our entire production chain, from sourcing up to manufacturing and packing, is compliant with the governing laws and regulations for halal certification.”

“This simply means that our raw materials, additives, processing aids, tools and equipment, and even our production system, product processing and the entire plant premises, all meet the stringent standards set by Jakim,” she emphasised.

Yeo’s also has a dedicated team trained under JAKIM’s Halal Professional Board through the initiative of the Registered Halal Providers and Registered Halal Instructors to constantly monitor and ensure the sustainability of its halal system through periodic internal audits and reviews.

“We work closely with JAKIM to ensure we maintain the integrity of our halal operations and they have always provided excellent support. We are also open to extending our collaboration with JAKIM or the State Department of Islamic Religion (JAIN) to organise halal awareness programmes to empower and strengthen consumer knowledge related to halal,” Razana shared.

Yeo’s has received recognised halal industry accolades over the years for diligent adherence to its halal policy.In 2009, Yeo’s was awarded ‘The Best Halal Brand’ for its outstanding halal practices, innovations, consistency and overall success. In 2018, it received the ‘BrandLaureate World Halal Best Brands Award’ in the FMCG Food & Beverage category.

Building consumer trust

JAKIM is Malaysia’s authoritative halal certification authority and the agency responsible for providing halal recognition to products and services produced by industries that meet the requirements or conditions outlined in the halal certification requirements and Malaysian Standards which are in effect.

“All food manufacturing businesses that apply for halal certification from JAKIM must comply with set regulations and religious dietary laws. Halal certification is important to build consumer trust and confidence in the quality and safety of the products they consume. Consumers can also check and verify the halal status of a product through an online platform provided by JAKIM such as Malaysia’s Official Halal Portal or JAKIM’s Mobile Applications such as Verify Halal and Smart Halal,” said Ustaz Mohamad Zamri bin Mohamed Shapik, Pengarah Bahagian Pengurusan Halal, JAKIM.

Ustaz Mohamad Zamri said JAKIM welcomes the commitment, support and cooperation provided by companies holding the Malaysian Halal Certification to always ensure a high level of compliance in order to ensure that the halal regulatory ecosystem is always trusted and becomes a world reference.

The  government aims to become the global halal market leader by 2025 with an export value of RM63.1 billion while leveraging on the worldwide halal market which is estimated to surpass US$1 trillion (RM4.68 trillion) next year. This is expected to elevate Malaysia’s internationally accepted halal certification and boost trade promotions, making the country a market leader on the global halal front.

Safe for consumption

Complementing its Halal certification, Yeo’s products are also manufactured under strict international quality and food safety standards and are safe for consumption.

Yeo’s has obtained the Hazard Analysis and Critical Control Points (HACCP) certificate recognised in the food industry worldwide for food safety practices.

All its three factories, each located in Shah Alam, Johor Bahru and Ipoh, are also certified with Good Manufacturing Process (GMP) to control all potential hazards in food manufacturing processes, including a stringent filtration and sterilisation process and an enclosed filling system.

Other certifications include MeSTI (food hygiene), the Veterinary Health Mark (VHM) for the Shah Alam plant and the SIRIM certification for its Ipoh plant.

Recently, the company also successfully achieved the FSSC 22000 certification for its Ipoh plant, showcasing its commitment to consistently producing safe and high-quality products that meet and exceed industry standards.

Yeo’s is currently also pursuing the internationally acclaimed Global Food Safety Initiative (GFSI) standard.

Legacy brand   

Yeo’s is a legacy brand with a history dating back to 1901 as a small soya sauce proprietorship in China. The owner Yeo Keng Lian, a man of foresight, boldly ventured into Singapore in 1935, and as business flourished, expanded into Malaysia in the 1940s.

Today, Yeo’s is synonymous with the F&B industry, manufacturing a range of products such as canned foods, beverages, culinary sauces and soya sauces to meet market needs.

While recognised for quality and innovation, Yeo’s is not one to rest on its laurels. The company continues to invest into research and development to expand its industry presence and to capture greater market share.

 

The Export-Import Bank of Malaysia (EXIM Bank), in collaboration with WAAFI Bank and Djibouti National Investment Promotion Agency (NIPA), and with the support of Malaysia External Trade Development Corporation (MATRADE), is pleased to announce the conclusion of the “Malaysia Global Connect: Malaysia – Djibouti Business Forum”. This event, held in Djibouti on 29 November 2023, served as a dynamic platform for fostering economic ties and exploring strategic collaborations between Malaysia and Djibouti.

This follows the successful briefing held a couple of months ago, where key stakeholders and businesses gathered to discuss and strategise on the potential opportunities for collaboration between the two nations.

The Malaysia – Djibouti Business Forum brought together over 28 delegates, representing various sectors, to engage in fruitful discussions and explore business opportunities in Djibouti. While the delegates were welcomed by NIPA General Manager Mahdi Darar, the forum was officiated by the Djibouti Prime Minister His Excellency Abdoulkader Kamil Mohamed and featured distinguished speakers and dignitaries, including a special video address by the Minister of Investment, Trade and Industry (MITI) of Malaysia, Ministers from various ministries from Djibouti such as Ministry of Economic and Finance, Energy, Health and Education, as well as the Djibouti Central Bank and Chamber of Commerce.

Key highlights of the Malaysia – Djibouti Business Forum included insightful discussions on economic policies, trade facilitation, and investment incentives. A closed-door dialogue with the four Djiboutian Ministers was also held to address any questions or issues the Malaysian delegates may have. In addition, the forum featured breakout sessions for the main four sectors, namely Constructions, Health, Power and Education.

The diverse group of participants gained valuable perspectives from industry leaders and government officials, contributing to a deeper understanding of the economic landscape in both Malaysia and Djibouti.

“We are thrilled to witness the enthusiasm and commitment from both Malaysian and Djiboutian businesses to explore new avenues of collaboration. This event not only facilitated dialogue but also paved the way for tangible partnerships that will contribute to the growth and prosperity of both nations,” said Arshad Ismail, President and Chief Executive Officer of EXIM Bank Malaysia.

As part of the forum, delegates had the unique opportunity to visit crucial economic hubs, including Ports, Free Zones, and the Central Business District in Djibouti. These visits provided firsthand insights into the infrastructure and investment opportunities available, reinforcing the commitment to strengthening economic ties between the two nations.

EXIM Bank Malaysia remains committed to playing a key role in fostering international trade and investment. The Malaysia – Djibouti Business Forum reflects the Bank’s dedication to creating platforms that facilitate dialogue and collaboration between businesses, government entities, and investors.

 

Syarikat Takaful Malaysia Keluarga Berhad (“Takaful Malaysia” or “Takaful  Malaysia Keluarga”), the FIRST takaful operator in Malaysia, today unveiled KAOTIM, a new digital platform and brand managed by Takaful Malaysia. KAOTIM, Takaful Malaysia’s latest addition to enhance insurance and takaful  mobility, is a digital initiative to provide a secure and enhanced customer experience and streamlined  administrative processes that enable customers to enjoy a hassle-free and speedy subscription process. The  online straight-through platform offers MediKad, an all-in-one and low-priced medical coverage plan for Malaysians.

Present at the launch of KAOTIM were the Group Chairman of Takaful Malaysia, Dato’ Mohammed Hussein;  Chairman of Takaful Malaysia Am (the General Takaful arm of Takaful Malaysia Keluarga), Ismail Mahbob; the  Board of Directors of Takaful Malaysia Keluarga and Takaful Malaysia Am; the Shariah Advisory Body; Group  Chief Executive Officer of Takaful Malaysia, Nor Azman Zainal; Chief Executive Officer of Takaful Malaysia Am,  Mohamed Sabri Ramli and the Senior Management of Takaful Malaysia.

Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia, said, “Today’s launch of KAOTIM indicates  our strategic effort to strengthen our presence in the digital insurance and takaful sphere, and meet the fast evolving demands and expectations of customers. KAOTIM reinforces our commitment to putting customers at  the forefront of our business and transforming to deliver next-generation customer experience. Spearheading the  digital initiative, we step to the fore to be a leading digital player in the insurance and takaful industry and fulfil the long-term aspiration towards digitalising the financial services industry, the digital wave in the insurance and  takaful sector, which aligns with the national directive to enhance economic competitiveness and dynamism for  the growth of the digital economy.”

“The introduction of KAOTIM underpins our strategic move to reinforce our retail direct business and gain new  customers, enabling seamless online transactions to suit evolving lifestyles. We are delighted to achieve another key milestone in our business, leveraging our digital capabilities and diversified touchpoints to ensure that we  continue to offer personalised customer solutions and meet consumer behaviour, which has transformed over  time, driven by technological advancements and diverse needs. Through innovative technology and a vibrant  brand identity, KAOTIM is set to be a key differentiator based on customer value propositions, giving Takaful  Malaysia an edge and customer affinity. With the launch of KAOTIM, we introduce MediKad, a cost-effective  medical coverage plan with greater savings from as low as RM38 per month to meet the medical protection needs  of different age groups,” said Nor Azman Zainal.

MediKad provides cashless admission to panel hospitals in Malaysia, unlimited hospital admission days on room  and board, and daily income for admission to Government hospitals. Offered to Malaysians between the ages of six (6) and sixty-nine (69) with a coverage period of up to eighty-five (85) years old, customers can choose from  three (3) different plans with an optional rider, MediBooster, according to their coverage needs and are  immediately covered after completing a four-step online enrolment and a simple medical questionnaire, without  having to undergo a medical check-up.

“Customers can sign up for MediKad online via KAOTIM, anytime, anywhere, and complete the  transaction in a  few minutes with just a few clicks and get covered within the day. We leverage the lower transaction cost of the  digital platform to deliver a better pricing and accessible takaful plan to the market. This is part of our holistic digital  plan to attract new customer segments directly and better serve Malaysia’s growing population while enhancing the financial resilience of customers whose medical coverage is inadequate or high-priced. This is also part of our  initiative to help cushion the impact of high medical costs faced by Malaysians by offering an affordable medical  coverage plan,” said Nor Azman Zainal.

“Accessibility and agility are everything in today’s era. Hence, we want to provide customers with a seamless,  efficient, and convenient experience through KAOTIM and bring them closer to us anywhere they are. KAOTIM offers a digital customer journey that makes a comprehensive, low-cost medical coverage plan more accessible,  enabling fast and user-friendly processes to allow customers to achieve financial security and peace of mind. The  launch of KAOTIM and the introduction of MediKad today, in conjunction with our 39^th anniversary, made it even  more meaningful. Let this be part of our journey as we take a step further to strive towards strengthening our  foothold as a leading Islamic financial institution to stay relevant, competitive and dynamic in the insurance and  takaful industry,” said Nor Azman Zainal in conclusion.

 

Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) and Pantas Software Sdn Bhd (Pantas) signed a Memorandum of Understanding (MoU) recently to work together on enterprise decarbonisation applications for businesses.

The collaboration will see Huawei Malaysia act as the technology provider that will deliver its Digital Power products and solutions including its Smart PV+ESS and FusionCharge solutions while Pantas will undertake the role of strategic partner in new business development.

Huawei’s global experience in the solar energy market and its increasing leadership position in the local market will act as a crucial catalyst in helping the industry, small and medium enterprises (SMEs) and residences fast-track their transition towards renewable energy.

Pantas, the leading climate-tech firm in Southeast Asia, empowers companies with customised end-to-end climate solutions, enabling them to accurately measure, manage, and disclose ESG metrics, with an emphasis on carbon emissions. Built on proprietary AI technology, Pantas’ platform seamlessly integrates with ERP systems, recommends tailored decarbonisation strategies from its partners to its clients or users, and offers bespoke financing solutions from partner banks.

The synergy between both companies will help ensure the best solutions are offered to companies to reduce carbon emissions and transition to renewable energy.

The partnership will also complement the National Energy Transition Roadmap (NETR) towards a fair and equitable energy transition as well as boost the growth of the country’s renewable energy industry.

Speaking on the partnership, Chong Chern Peng, Huawei Malaysia Vice President of Digital Power Business said, “Huawei Digital Power focuses on the needs of local businesses for different scenarios that will enable them to embark on an energy revolution.”

“We have end-to-end energy flow solutions that will open up a path to both the generation and consumption of clean power, as well as a sustainable roadmap for Malaysian businesses. With this partnership we are hoping for a win-win collaboration that will lead to a better and greener Malaysia,” he added.

Max Lee, CEO of Pantas, commented, “Our groundbreaking partnership with Huawei represents a significant milestone in our commitment to environmental stewardship and technological innovation. By harmonising Huawei’s cutting-edge renewable energy solutions with Pantas’ advanced climate technology platform, we are not merely collaborating; we are forging a dynamic alliance. Our combined efforts will empower businesses with data-driven, AI-enhanced decarbonisation strategies, tailored specifically to their needs. This collaboration is more than a union of two companies; it’s a catalyst for change, driving Malaysian businesses towards a more sustainable, low-carbon future. With Pantas’ platform intelligently guiding companies to the most suitable Huawei solutions, we are setting a new standard in corporate responsibility and environmental sustainability.”

The partnership looks set to accelerate the adoption of renewable energy solutions in the day-to-day operations of Malaysian businesses including smart PV and energy storage systems (ESS) for rooftop and utility-scale power plants, commercial supercharging electronic vehicle (EV) stations, microgrid power plants, as well as front-of-the-meter and behind-the-meter battery energy storage systems (BESS) applications.

The MoU was signed by Chong Chern Peng, Vice President of Huawei Digital Power Business and Max Lee, CEO of Pantas, while the witnesses to the MoU exchange ceremony were Oliver Liu, Huawei Malaysia Vice President of Public Affairs and Communications, and  Lionel Loh, Senior Sustainability Manager at Pantas.

 

The Board of Cradle Fund Sdn Bhd  (Cradle), Malaysia’s focal point agency for Malaysian startup ecosystem under the  Ministry of Science, Technology and Innovation (MOSTI), is pleased to announce  the appointment of Norman Matthieu Vanhaecke as the Group Chief Executive  Officer (GCEO), effective 23 November 2023.

Born of Malay and Belgian descent, Norman has been the acting GCEO of Cradle  since 1 June 2022. Prior to joining Cradle in 2020 and initially serving as its Head  of Finance and Corporate Services, he began his professional career as an auditor  at KPMG and has since held various key Strategy, Financial and Management positions in both local and multinational oil & gas related companies and  government agencies. He holds a degree in Accounting from University of  Queensland, Australia, and a degree in Software Engineering from Multimedia  University, Malaysia. His deep interest in technology and innovation grew from his  experiences and educational background, igniting his passion to drive local  Malaysian tech companies to become more competitive compared to their global  counterparts.

Cradle Chairman Datuk Yvonne Chia lauded the appointment, stating that the  Board is very excited as it is an internal promotion that reflects the strength of  Cradle’s internal talent and effective succession planning. “Over the past 18  months, Norman has proven his leadership skills as the acting GCEO, significantly impacting the organisation under his guidance. With his solid background and  expertise, and his demonstrated track record of success, I’m assured that Cradle  will continue to spearhead the nation’s startup agenda bringing positive impact to

society, individuals and businesses, as well as the country as a whole, echoing the objectives of Malaysia MADANI,” Datuk Yvonne said.

Cradle expresses deep appreciation for the unwavering support provided by the  Ministry of Finance (MOF) and MOSTI since its inception. The robust collaboration  between Cradle and both ministries has played a pivotal role in shaping an  inclusive, impactful and sustainable startup ecosystem aligned with the  Government’s target to rank Malaysia in the Top 20 Global Startup Ecosystem by  2030. MOF and MOSTI’s steadfast commitment have fuelled startups growth and  contributed significantly to the broader economic landscape.

For more information about Cradle, please visit www.cradle.com.my.

Alientech Malaysia Sdn Bhd proudly announces its recent recognition at the Asia Automotive Award 2023, where the company secured honours in both the Automotive Service Excellence and Automotive Innovation categories. The awards ceremony, held on 19 November 2023, underscored Alientech Malaysia’s unwavering commitment to service excellence and its groundbreaking contributions to the automotive industry.

In reflecting on the achievement, Raymond Low, CEO of Alientech Malaysia Sdn Bhd, shared: “Every curve of this award represents a milestone in our quest to redefine excellence and leave an indelible mark on the roads of Asia.”

Alientech Malaysia has long been at the forefront of innovation in the automotive industry, consistently delivering IT-based solutions to partners and customers across Asia. The company has particularly dedicated efforts to address challenges within the electric vehicle (EV) sector, focusing on critical aspects such as mileage and stability.

In response to the burgeoning trend of electric mobility, Alientech Malaysia has significantly invested in research and development, crafting tailored IT solutions and protocols for EVs. The company actively champions the sustainable growth of EVs by advocating for regulatory consistency and standardisation in charging infrastructure, battery technology, and interoperability.

Highlighting the importance of regulatory frameworks, Alientech Malaysia aims to level the playing field for manufacturers and enhance consumer confidence. The company advocates for global standardisation in charging connectors, voltages, and protocols, fostering convenience for users and stimulating market growth. Alientech Malaysia also engages in proactive education and awareness initiatives to emphasise the advantages of standardisation and stability in the EV industry.

Acknowledging the rising popularity of electric mobility in Asia, Alientech Malaysia is committed to providing comprehensive, long-term electric vehicle solutions tailored for the Malaysian and broader Asian markets. The company envisions creating worry-free environments for customers embracing EVs in the future.

Alientech Malaysia places a strong emphasis on continuous education and upskilling, particularly in the realms of automotive remapping and chip-tuning with IT-based solutions. The company champions innovation in the automotive industry while actively promoting environmentally friendly practices.

When queried about sustainability, Alientech Malaysia outlined its commitment to eco-friendly practices in electric mobility. This includes efforts in electric vehicle production with reduced environmental impact, battery recycling programs, renewable energy integration, eco-friendly charging infrastructure, and thorough life cycle assessments.

Currently, Alientech Malaysia is developing EVs designed to benefit communities not covered by public transport, with a focus on enhancing the overall public transport experience in Malaysia and Asia. Addressing challenges within the electric mobility sector, Alientech Malaysia remains steadfast, emphasising consistent improvement and technology upgrades.Offering advice to industry players, Alientech Malaysia encourages prioritising value and benefit to the convenience and lifestyle of the community when venturing into electric mobility.

Looking ahead, Alientech Malaysia envisions an IPO under AlienWorld Technology Berhad in 2025, with a commitment to contributing to job opportunities, training, and societal welfare. The company’s future projects will centre on technologies in fashion, food, living, and transportation.

 

Syarikat Takaful Malaysia Keluarga Berhad (“Takaful Malaysia”, “Takaful Malaysia Keluarga” or “The Group”), the FIRST takaful operator in Malaysia, reported resilient third quarter financial results ended 30 September 2023 to record takaful revenue of RM639.5 million, an increase of 27% compared to RM501.7 million posted in the corresponding quarter of the previous year. Takaful Malaysia’s profit after zakat and tax for the period under review rose by 25% to RM91.1 million from RM72.9 million posted in the same quarter of the previous year.

Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia, said, “Our business performance for the first three quarters of the year has grown on a positive trend and continues to reinforce our overall business growth. The increase in the Group’s takaful revenue for the quarter under review was mainly attributable to higher takaful revenue earned for takaful services provided for family takaful and general takaful businesses. The Group recorded a profit before zakat and tax of RM130.9 million for the third quarter ended 30 September 2023, higher by 10% compared to RM118.7 million in the same period last year, mainly contributed by higher profit income from fixed income investments.”

“Our family takaful fund recorded takaful revenue of RM523.5 million for the third quarter under review, increased by 17% compared to RM448.5 million in the same period last year, mainly attributable to higher takaful revenue earned for takaful services provided. Our general takaful fund posted a 27% increase in takaful revenue to record RM332.7 million for the quarter under review compared to RM262.3 million registered in the same period of the preceding year. The higher takaful revenue was mainly due to higher contribution income from fire and motor business classes,” said Nor Azman Zainal.

“We are optimistic about expanding our market share and undertaking our high-performance journey to achieve sustainable top and bottom-line growth. We expect our bancatakaful, treasury, employee benefits and general takaful businesses to continue to perform and generate business growth.

Our success in bancatakaful business with a strong foothold is because our bank partners trust in our ability to meet and exceed their price, service and expertise expectations. We have attracted 16 banks to partner with us, which is a testimony of our success in delivering our partnership value to grow business together. We work closely with our bank partners in penetrating the existing market segments and exploring new market segments for the sustainability and expansion of the business. With our bank partners’ strategic expansion plan and commitment to grow the retail market, we see greater business potential in advisory family takaful business. Our goal is to strengthen our presence in the retail market by providing Malaysians with greater access to comprehensive and affordable protection solutions, ranging from family to general takaful products.

Our general takaful arm will continue to be an imperative growth area. We will strengthen our corporate agency force by retaining and recruiting high-potential corporate agents, building our online motor customer base, and penetrating other segments to grow our general takaful business. In addition, we will balance our underwriting margins and business growth to increase market share.

In the long run, our strategic direction is to diversify our business portfolio and ensure future sustainable business to complement our existing core businesses. We will continue to capture the next wave of growth and propel Takaful Malaysia to maintain our strong foothold in the family takaful business, expand our general takaful business and seize market opportunities to grow our business in the years to come,” said Nor Azman Zainal in conclusion.

 

S.U.A Interior Designs announced two strategic ventures targeted at reshaping the landscape of interior design in Malaysia. The event witnessed the launch of the licensing initiative with Creation 369 Interiors, the pioneering licensee under V-Space Series 01, and the collaborative partnership between Ed Mun Academy and Creation 369 Interiors in an employee upskilling initiative.

S.U.A’s Holistic Ecosystem: V-Space and Ed Mun Academy

Ed Mun, the visionary founder, highlighted the significance of these ventures, presenting a holistic ecosystem beyond conventional collaborations. The newly introduced V-Space and Ed Mun Academy, under the S.U.A Group umbrella, aim to deliver quality interior design services while transforming the creative industry. Ed Mun Academy, in particular, seeks to share valuable insights and principles with aspiring designers to promote collaboration over competition within the creative industry.

Gary Lim, COO of S.U.A, expanded on the licensing initiative by expressing S.U.A’s commitment to enabling more people to crystallize their visions of their ideal abodes. Creation 369 Interiors will launch its first retail outlet at Sunway Velocity, offering bespoke interior design services for residential projects and more. The partnership promises a support system covering various aspects of organizational support and human resource development programs to ensure licensees have the tools to scale and succeed.

Esther Ng, founder of Creation 369 Interiors, expressed gratitude for being the first partner to be engaged under this innovative licensing opportunity. She highlighted S.U.A’s proven track record and support structure, both of which ignited her commitment to and confidence in the venture. Creation 369 Interiors marks the first of many licensees to come under the S.U.A umbrella, setting the stage for a novel approach in the interior design industry.

The event also marked the collaboration between Ed Mun Academy and Creation 369 Interiors. Graduates of the academy will play a vital role in the licensing framework, addressing the need for continuous upskilling efforts and talent in the industry.

 

The Asia Automotive Award, marking its third consecutive year of recognizing excellence, a highly anticipated event in the automotive industry, unfolded with grandeur and excitement on 19 November 2023 at the IOI Grand Convention & Exhibition Centre in Putrajaya. This prestigious ceremony drew together 300 distinguished automotive leaders, innovators, and visionaries from across the Asian continent, all gathered to celebrate and honour outstanding achievements in the automotive sector.

The stage is set for a historic moment as the illustrious winners of the prestigious Asia Automotive Awards emerge from an exhaustive audit session. Renowned for their unwavering commitment to celebrating excellence and innovation, the Asia Automotive Awards stand as a testament to the automotive industry’s dedication to setting the highest standards of achievement.

The award ceremony this year commemorates 38 winners across 17 thoughtfully curated categories, each crafted to highlight excellence in different aspects of the automotive industry. Categories included Automotive EV Excellence Award, Automotive Aftermarket Product Excellence Award, Automotive Safety Excellence Award, and Automotive Start-Up Excellence Award, among others. The esteemed panel of judges, composed of industry experts and thought leaders, meticulously reviewed a plethora of nominations, ensuring that only the most deserving recipients would emerge victorious.

The award presentation was graced by Datuk Haji Zainuri Zainal, Political Secretary to YB Minister, Ministry of Investment, Trade and Industry (MITI), who lauded the honourees for their invaluable contributions to the automotive industry. His presence added a special significance to the event, underscoring the government’s recognition of the vital role played by the automotive sector in the region’s economic growth and development.

“We are delighted to bestow this recognition upon those whose tireless dedication and unwavering commitment have shaped the automotive industry in profound ways,” affirmed Por Boon Kuan, Organising Chairman at Asia Automotive Award. The 3rd Asia Automotive Award stands as a testament to the passion and ingenuity that continue to drive progress in our dynamic industry.

Among this year’s distinguished recipients were luminaries such as CIMB Bank Berhad, who received the coveted Automotive Financing Excellence Award, and ASEAN NCAP, hailed for their groundbreaking work in Automotive R&D Excellence Award and Automotive Safety Excellence Award. These exemplary individuals and organisations have not only set new benchmarks for excellence but have also demonstrated a steadfast commitment to advancing the automotive landscape.

The 3rd Asia Automotive Award, beyond its role as a recognition platform, serves as a crucible for collaboration and knowledge exchange within the industry. By bringing together professionals, thought leaders, and innovators from various corners of the automotive ecosystem, the event sparks conversations that drive further progress and innovation.

As the world grapples with unprecedented challenges, the automotive industry stands at the forefront of innovation, driving towards a more sustainable, connected, and technologically advanced future. The 3rd Asia Automotive Award is a testament to the industry’s resilience and adaptability in the face of evolving global dynamics.

For decades, the Asia Automotive Awards have stood as a beacon of inspiration, recognizing and applauding the tireless efforts of corporations, individuals, and cutting-edge technologies that are reshaping the future of the industry. As we commemorate these remarkable accomplishments, our heartfelt gratitude extends to all nominees whose contributions have continued to fuel the spirit of innovation and advancement.

One key takeaway from the Asia Automotive Awards is the increasing importance of sustainability, innovation, and consumer-centric approaches in the automotive industry. This trend aligns with a global shift towards a more sustainable and customer-focused automotive landscape, where technology and environmental consciousness go hand in hand.

The award presentation gala coincided with the Malaysia International Automotive & Parts Expo 2023 (MIAPEX 2023), taking place from 16-19 November 2023, at the Mines International Exhibition & Convention Centre (MIECC). This convergence of events provided an unparalleled platform for industry professionals to engage in discussions, showcase innovations, and forge collaborations that will shape the future of the automotive industry.

For in-depth insights into the Asia Automotive Awards and comprehensive details about the exceptional winners, we invite you to explore https://www.asiaautomotiveawards.com/.