Malaysia cooperates with UAE in AI development, digital transformation

Zalo Facebook Twitter Print Copy link Kuala Lumpur (VNA) – Malaysian Prime Minister Anwar Ibrahim has said that the country must embark on digital transformation within its economic and financial sectors, prioritising areas such as blockchain and cryptocurrency to remain at the forefront of the digital age. Speaking at a press conference at the conclusion of his visit to the United Arab Emirates (UAE) on January 14, Anwar stressed that digital transformation encompasses more than just data centres and artificial intelligence (AI), but also needs to focus on fintech. He urged relevant agencies, including the Securities Commission, the Treasury, and Bank Negara, to examine critical areas to ensure Malaysia keeps pace with global developments, while maintaining oversight to protect public interests. The PM affirmed that financial innovation will reshape the global financial landscape. He hailed the UAE’s development in this field, saying the UAE’s closer cooperation with Malaysia offers valuable opportunities. Previously, the two countries signed a memorandum of understanding (MoU) on AI cooperation. According to Anwar, Malaysia – as Chair of ASEAN 2025 and the UAE – as Chair of the Gulf Cooperation Council (GCC) this year, have agreed to leverage platforms such as the ASEAN – GCC […]

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