KUALA LUMPUR: Malaysia will formulate an attractive package for the Digital Free-Trade Zone to encourage more people to join the country's e-commerce sector.
Prime Minister Datuk Seri Najib Tun Razak said the package would be worked out with Alibaba founder Jack Ma, who would be coming to Malaysia to launch the Digital Free Trade Zone in March next year.
"We will discuss details of the incentives, regulations, etc. So, it will be quite an attractive package and many people will be compelled to engage in digital activities at the Digital Free Trade Zone," he said.
The Digital Free Trade Zone is expected to merge physical and virtual zones, with additional online and digital services to facilitate international e-commerce and invigorate Internet-based innovation.
Internet tycoon Jack Ma was appointed as Malaysia's digital economy adviser by Najib during his official to China recently to help spearhead Malaysia's e-commerce development.
Najib had earlier said that Ma as a global e-commerce icon could assist Malaysia in the packaging of e-economy in the implementation of, among others, e-payment, Alipay, online banking, and e-financing. — Bernama