Budget 2016: Transforming the e-commerce landscape through SME development

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  • Friday, 23 Oct 2015

Driving the local e-commerce industry: Industry insiders believe that enabling SMEs to thrive is an important driver to growing the e-commerce landscape in Malaysia.

KUALA LUMPUR: In the aftermath of the Budget 2016 announcement, several companies have voiced their support of the government’s policies, specifically the initiatives listed for SME development.  

The policies singled out for applause include the RM1.5bil allocations to the Ministry of Science, Technology and Innovation (MOSTI) for multiple R&D and entrepreneurship initiatives; the RM200mil allocations for SME Technology Transformation Fund; and the RM1.2bil allocations under Malaysian Communications and Multimedia Commission (MCMC) to improve the telecommunication infrastructure, which is to cover rural broadband projects, National Fibre Backbone Infrastructure, high-speed broadband, and undersea cable system. 

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