malaymail.com 03 May, 2021 09:30 am

MDEC: Malaysia needs solid foundation to support new wave digitalisation

MDEC: Malaysia needs solid foundation to support new wave digitalisation
KUALA LUMPUR, May 3 — Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the Covid-19 pandemic has accelerated the growth of the digital economy and opened up opportunities for a variety of new digital businesses, the Malaysia Digital Economy...

KUALA LUMPUR, May 3 — Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the Covid-19 pandemic has accelerated the growth of the digital economy and opened up opportunities for a variety of new digital businesses, the Malaysia Digital Economy Corporation (MDEC) said.Senior vice-president, investment and brand division Raymond Siva said laying a solid foundation is critical to ensure that Malaysia could holistically transform itself into an advanced digital economy and the agency continued to see investment momentum in the digital tech industry domestically.Therefore, he said MDEC and Huawei would continue to conduct joint research and services related to digital technologies by working with various government bodies to publish white paper studies for the benefit of improving Malaysia’s digital economy.He said the launch and implementation of the Malaysia Digital Economy Blueprint (MyDIGITAL) is a strategic move to build economic resilience and transform the country into a digital and high-income nation, paving the way for Malaysia to be ready for the next phase of the digital era called the “data decade”.

The agency said the Department of Statistics Malaysia projected the digital economy to continue its significant contribution to the country in 2021 based on an estimated 19.It said this is also in line with MyDIGITAL estimation that the digital economy would contribute 22.

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