‘Malaysia ready to face new digital economy ecosystem’

KUALA LUMPUR: The Malaysia Digital initiative, to be launched by Prime Minister Datuk Seri Ismail Sabri Yaakob today, is a clear signal to the world that Malaysia is ready to put the country at the forefront of the digital economy, says Tan Sri Annuar Musa.

The Communications and Multimedia Minister said countries that made adjustments in terms of mechanisms and capabilities to face the new digital economy ecosystem following the Covid-19 pandemic would be at the forefront of global races and competitions.

“It is fitting for the Malaysian Digital Economy Corporation (MDEC) to focus not only on appreciation (to digital economy industry players) but also to focus further, with a new emphasis starting from now for the next 25 years.

“It is apt for us to launch the programme (today); an initiative that symbolises our country’s commitment to address and master this new ecosystem,” Bernama quoted him as saying when addressing the Malaysia Digital Industry Awards presentation ceremony in conjunction with the MDEC Silver Jubilee celebration.Malaysia Digital is an enhanced and revamped programme at the country’s leading digital economy agency, MDEC, succeeding MSC Malaysia, which has been in operation for 25 years.

Annuar said that since the formation of MDEC 25 years ago until December 2020, MDEC had attracted investments worth more than RM384bil, generated revenue of almost RM600bil, recorded total exports of RM212bil and created more than 180,000 high-value jobs.

He said MDEC’s commitment to driving the e-commerce sector saw the value of the country’s e-commerce transactions reach RM1 trillion for the first time in 2021, an increase of over 20% from 2020.

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