KUALA LUMPUR: The development of a framework to regulate intellectual property (IP) valuers may be introduced soon, says Datuk Armizan Mohd Ali.
The Domestic Trade and Cost of Living Minister said amendments to the Intellectual Property Corporation of Malaysia Act 2002 are being studied for this purpose.
Once implemented, it would make Malaysia among the first countries in Asean that formally recognises and regulates the profession.
"This ensures quality, accountability and confidence in the valuation services," he said in his speech at the graduation ceremony of the MyIPO Intensive Intellectual Property Valuer Programme and Examination (Value) 2025 here on Tuesday (Dec 16).
Armizan’s speech was read out by Syed Ahmad Syed Abdul Rahman Alhadad, better known as Altimet, who is a member of the Intellectual Property Corporation of Malaysia (MyIPO) board of directors.
Armizan said the country is committed to building a professional and sustainable valuation ecosystem alongside deepening institutional corporations with the World Intellectual Property Organisation, Asean, universities and industries.
"We will further promote the use of valuation services across innovation-driven sectors.
"Our objective is clear: to position Malaysia as a regional hub for excellence in IP valuation while ensuring each local creator in labs, creative studios, or digital startups has access to world-class valuation expertise," he said.
