Budget 2018: Need for crafting measures to spearhead digital initiatives

To tap into the digital economy, investment in technology is vital in transforming the traditional business model.

BUDGET 2018, themed “Shaping the Future”, is expected to focus on innovation and digital economy and I hope it will take a holistic view in crafting effective measures to spearhead digital initiatives. The establishment of the Digital Free Trade Zone (DFTZ) this year will be a boost to Malaysia’s e-commerce roadmap which aims to double the nation’s e-commerce growth and increase the GDP contribution to RM211bil by 2020. The opportunities for businesses to tap into the digital economy are tremendous.

Reinvestment allowance incentive