MDEC: MSC Malaysia is alive and kicking

  • TECH
  • Monday, 11 Apr 2016

Getting better all the time: Datuk Yasmin Mahmood, CEO of the Malaysia Digital Economy Corporation (MDEC) maintains that MSC Malaysia saw good investment growth in 2015

Despite reports to the contrary in a Wired magazine article MDEC chief executive officer Datuk Yasmin Mahmood maintains that MSC Malaysia is alive and kicking.

“We cannot always respond to any press article, especially if it’s not true,” she said.

In fact, Yasmin went on to say that despite 2015 being a challenging year for the country, MSC Malaysia recorded the highest ever increase in new investments since its inception in 1996, amounting to some RM4.57bil.

Export sales from MSC Malaysia companies contributed RM16.2bil in 2015, up from RM13.7bil in 2014, an 18% increase.

Yasmin was speaking at a press conference detailing the performance of MSC Malaysia in 2015.

She also said that MSC Malaysia is now focused on several growth areas, including the Internet of Things, Cloud and Data Centres, Big Data Analytics, Security and eCommerce, all of which have contributed about 10% or RM1.65bil to total export sales last year.

Also showing a healthy growth was the animation sector which saw a 52% growth in exports thanks to companies like Animonsta (responsible for the BoBoiBoy franchise), Les Copaque (known for the Upin & Ipin) and Digital Durian (Didi & Friends), amongst others.

MDEC also announced that the agency, previously known as the Multimedia Development Corporation, will change its name to the Malaysia Digital Economy Corporation in line with its expanded role in developing the digital economy in this country.

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