Flourishing economy

A file picture of Selangor Ruler Sultan Sharafuddin Idris Shah, accompanied by Speaker Hannah Yeoh (left) and Azmin (second from right), arriving at a state assembly meeting in Shah Alam.

SELANGOR’S economy has been projected to enjoy a growth of between 4.5% and 5.5% this year and between 5% and 5.5% next year.

When presenting Selangor’s 2016 budget last month, Mentri Besar Azmin Ali said the growth will be generated through the service industry, which is expected to grow by 5.4% and generate almost 58% of the state’s gross domestic produce (GDP) next year.

“The industrial sector is expected to contribute 30% of the GDP in 2016,” said Azmin.

The state government’s current agenda is to transform Selangor into a world-class Smart State in line with its developed status. To achieve that, various measures have been conceptualised to build a knowledge-based economy with smart infrastructure, highly developed and skilled smart human capital as well as the creation of a smart government.

When tabling Selangor’s 2016 budget last month, Azmin said the paradigm shift was well within sight.

“The 2016 budget is the early planning towards becoming a Smart State in three years, which will prioritise both dynamic and organic development,” Azmin said.

He added that the state will establish a Smart Selangor Consultancy Council to prepare a roadmap or blueprint of transforming Selangor into a Smart State.

“The initiative is being started with an allocation of RM10mil for the next three years,” he said.

The state government has also set up 2,500 Smart Selangor Wi-Fi hotspots to reduce the digital divide between urban and rural areas, increase connectivity among the people and enable small-scale entrepreneurs to sell their products online.

The state government has also set up the Selangor Information Technology and E-Commerce Centre (Sitec) at a cost of RM3.8mil to elevate Selangor into a regional e-commerce hub.

Sitec will also function as a consultancy platform to initiate educational and training programmes for young entrepreneurs and small and medium enterprises (SMEs) in the field of e-commerce.

Sitec’s maiden initiative is to lead 100 Selangor-based SMEs onto an e-commerce platform through the Selangor E-Commerce Class 100 programme.

Sitec has also established the Selangor Digital Creative Centre (SDCC), which is an incubator of sorts to provide the necessary help for start-ups.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Lifestyle , Economy


Others Also Read