MDEC's 'Reinvent' mission call for new approaches to make digital economy a key driver of growth

IN 2020, despite the Covid-19 pandemic, Singapore raised 25 times more capital for tech start-ups than Malaysia. Indonesia managed to raise 22 times more; Vietnam, the Philippines and even Myanmar all eclipsed Malaysia – which only out-paced Cambodia amongst its Asean peers.

By this measure, the institutions charged with modernising the economy – the Malaysia Digital Corp (MDEC) included – need to up the ante, and up it quickly.