e-commerce industry players want extra budget incentives

Another pressing issue for the industry is the payment gateway following outdated technology and limited bandwidth which causes glitches.

KUALA LUMPUR: e-commerce industry players want extra incentives in the Budget 2020 to help the government achieve growth of 20.8% to RM170bil next year.

The industry’s value-added and contribution to Malaysia’s gross domestic product continuously improved over a seven-year period to RM85.8bil in 2017 from RM37.7bil in 2010, with an average annual growth rate of 12.5%.

Start your ads-free experience now!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Shopback , e-commerce , budget , incentives , Shopee , Yap , growth , economy ,


Next In Business News

Waz Lian founder Tan Sri Ta Kin Yan passes away at 72
Oil posts weekly gain on solid 2024 demand outlook
Prabowo aims to raise Indonesia debt-to-GDP ratio toward 50%
Laundry Care ventures into linen rental business
Oriental Kopi files for Bursa IPO
BHIC wins RM1bil govt job
MI Technovation prepares for chip recovery
Local furniture export outlook hinges on US housing market
Luxury labels slash prices to attract wary shoppers
Delay in rate cuts but bonds rally

Others Also Read