Leading on from the National Biotechnology Policy in Malaysia

vi. Malaysia Leading on from the National Biotechnology Policy and its nine thrusts, Malaysia’s Bioeconomy Transformation Programme (BTP) intensifies the nation’s transformation to a global high-income country. â€Å"The National Biotechnology Policy was launched in 2005; its nine thrusts include 1. Agricultural: Enhance the value creation of the agricultural sector, 2. Healthcare: Commercializing the discoveries of the agricultural sector, 3. Industrial: Increase opportunities for bioprocessing and bio-manufacturing, 4. Research and Development: Establish Centres of Biotechnology Excellence, through research and development, 5. Human Capital Development: Build the nation’s human capital through education, training and research†¦show more content†¦These 10 EPPS include The 10 EPPs include industrial bio-inputs, biochemicals, biomaterials, bio-based farm inputs, high value bio-ingredients, high value food varieties, biosimilars, drug discovery and pre-clinical services, molecular screening and diagnostics (MSD), as well as stem cells and regenerative medicine. Within these 10 EPPs, 20 private sector-driven Trigger Projects constitute the initial tranche of ventures launched. In addition to these significant economic impacts, the BTP is also geared to benefit society and the nation by improving individual incomes especially those of rural communities, through projects and programmes with high inclusiveness factors. This can be achieved through the implementation of Trigger Projects involving contract farming mechanisms. From this statement we can see that the multiplier and ripple effects of the bioeconomy can be seen. The BTP also advocates the promotion of a green economy, which in turn contributes to a long-term sustainable economy and environment. BioIndustrial Trigger Projects such as energy crop plantations, the production of renewable biomaterials and bio-based chemicals, and production of compressed biomethane gas are expected to contribute to Malaysia’s 2020 target of reducing its carbon footprint and emissions by 40%. The BTP also aims to improve the nation’s health and well-being. Biosimilars (as opposed to innovator biologic drugs) will drive down treatment costs byShow MoreRelatedAsia Pacific Essay2853 Words   |  12 Pages |2. Has state played a leading role in upgrading technologies in the | | |Asia Pacific? Answer with reference to relevant theories and use | | |comparative country and/or corporate  examples. | Question 2: Has State Played a Leading Role in Upgrading Technologies in the Asia Pacific? Several governments have played a leading role in upgrading technologiesRead MoreMalaysia Look East Policy1824 Words   |  8 PagesMalaysia Look East Policy Background The Look East Policy (LEP) is announced by former Prime Minister Tun Dr. Mahathir Mohamad on the 8th February 1982 during the 5th Joint Annual Conference of MAJECA/JAMECA in Hilton Hotel Kuala Lumpur. The policy was essentially an attempt to encourage the Malaysian to change their traditional perspectives of Western countries as role models and instead look towards the East. The underlying assumption was that Malaysia had much to learn from the experiencesRead MoreProduction Credits And Financing Incentives1677 Words   |  7 PagesInvestments by large chemical companies are focused on biobased facilities, but production credits and financing incentives are needed to create U.S.-based facilities. After a somewhat rocky start following the expiration of funding from the 2008 Farm Bill, the biobased products programs had a good level of support in the 2014 Farm Bill. The administrative regulatory rules are well developed, particularly for the Biorefinery Assistance program. Previ ously, this rule was strictly for advancedRead MoreEssay about The ECommerce Environment of Singapore1496 Words   |  6 PagesThe ECommerce Environment of Singapore Geography The Republic of Singapore is located in southeast Asia, south of Malaysia and northwest of Indonesia. The island measures a total of 637 square kilometers with a coastline 193 kilometers long. Singapore is generally comprised of lowland areas with a central plateau in the middle of the island. Its elevation ranges from the Bukit Timah, (166 m.), to the Singapore Strait which is at sea level. Its climate is tropical and wet. PrecipitationRead MoreTan Sri Lim Goh Tong Biography7572 Words   |  31 PagesLim Goh Tong (February 28, 1918 – October 23, 2007) was well-known for wealth as Malaysian Chinese businessman. He was recognized for his vision and courage in converting Genting Highlands from an unfamiliar hilltop to one of the worlds most successful casino resorts. He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes. And to his admirers, he was more than just a developerRead MoreTan Sri Lim Goh Tong Biography7565 Words   |  31 PagesLim Goh Tong (February 28, 1918 – October 23, 2007) was well-known for wealth as Malaysian Chinese businessman. He was recognized for his vision and courage in converting Genting Highlands from an unfamiliar hilltop to one of the worlds most successful casino resorts. He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes. And to his admirers, he was more than just a developer, personifyingRead Moreinvestment and financial analysis6042 Words   |  25 Pagesï » ¿ ASSIGNMENT ABMF 3043 INVESTMENT FINANCIAL ANALYSIS Topic: You are given RM 500,000 to invest in a stock listed on Bursa Malaysia. Select the stock that you will invest in. Program Finance and Investment Tutorial class Group 7 Tutor’s name Mr. Liaw Saw Keong Date of Submission 28th June 2013 Student’s Name ID Number 1. Lim Shi Qin 11WBD02943 2. Chan Shi Yoon 11WBD04413 3. Chin Yoon Ling 11WBD08032 4. Ooi Wai Jin 11WBD02139 Table of Contents Assessment Criteria 2 Plagiarism Statement 3 ContentsRead MoreThailand Economic Analysis Essay6406 Words   |  26 Pagesbrutal recession that started near the end of 1997. During the boom years, economic growth averaged more than 7 percent annually, one of the highest rates in the world. Many different factors added to the rapid growth of Thailands economy; low wages, policy reforms that opened the economy more to trade, and careful economic management resulted in low inflation and a stable exchange rate. These factors encouraged domestic savings and investment and made the Thai economy an ideal host for foreign investmentRead MoreEconomic Environment of Singapore3298 Words   |  14 Pagesapproximately once per year until they are 35 to 40 years of age. Since the ethnicity of Singapore is so varied, there are many languages spoken in Singapore, but the government recognizes four official languages: English, Malay, Mandarin, and Tamil. The national language is Malay, but English is used as the main business language. English was brought to Singapore by the British in 1819 when the British had a port and later a colony on the Island. When Singapore became independent in 1965, the governmentRead MoreYakult and Its Marketing Strategy3433 Words   |  14 Pages13 Price 14 Place 14 Promotion 14 Section 4: Conclusion 14 Reference: 15 Executive Summary Growing probiotic market has a potential value that every relevant firm wants to share profit in this market. Collecting data from dependable source and thinking deeply to analyse the current market for Yakult, giving suggestions in marketing a new overseas market and concluding the primary points of this paper are the main methods in illustrating the whole paper. Section 1: