Malaysia to formulate attractive package for Digital Free Trade Zone: Najib

  • TECH
  • Thursday, 10 Nov 2016

BEIJING, 4 Nov -- Perdana Menteri Datuk Seri Najib Tun Razak bersalaman dengan Pengerusi Eksekutif Alibaba Group, Jack Ma hari ini. -- fotoBERNAMA (2016) HAK CIPTA TERPELIHARA

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

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Tech News

Op-Ed: NFTs are digital tulip fever: Would you pay thousands for a bar code?
Opinion: Telemedicine is a tool – not a replacement for your doctor’s touch
Cohen's Point72 exploring crypto sector, has no firm plans - letter
U.S. judge dismisses advertisers' antitrust claims against Google
This app purges location metadata from your photos before you share
Dogecoin pops after Musk tweets about 'promising' system improvements
Aeva announces customer deal; shares soar even after results disappoint
Fisker finalizes deal with Foxconn to make EVs in U.S. starting in 2023
Elon Musk on crypto: to the mooooonnn! And back again
Airbnb bookings jump 52% as vaccinations spur vacation rental demand

Stories You'll Enjoy