Amira Afrina

30 per cent of the components integrated into all five LCS vessels are supplied by local industry players, reflecting the country’s capability in developing defence technology domestically

The globally renowned program involved 1,456 companies from 63 countries, 37 international pavilions as well as attended by thousands of trade visitors from various local and world defence sectors

By developing local companies in the national defense industry, Malaysia can reduce its dependence on foreign technology

Alongside its IPO, the brand is expected to raise about RM152.6 million from the public issue, allowing it to channel 51.8 percent of the fund to the expansion of 56 new outlets.

Expert said, the policy encourages industry players to innovate beyond sourcing and consumption, therefore widening Malaysia’s role in the global market

MINDEF sets 30 percent local content in defence procurement

The initiative aligns with both countries’ aspirations to foster closer, modern, and forward-looking defence diplomacy

RM54,000 grant channeled to 9 ATM veteran entrepreneurs in Tawau, Sabah