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Govt develops initiative to boost growth of nation\u2019s digital economy

Govt develops initiative to boost growth of nation\u2019s digital economy

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PM Ismail Sabri Yaakob says the government has developed Malaysia Digital, an initiative to accelerate the growth of the nation’s digital economy, driven by three key principles – flexibility, agility and relevance. – The Malaysian Insight pic by Najjua Zulkefli, July 4, 2022.

THE government has developed Malaysia Digital, an initiative to accelerate the growth of the nation’s digital economy, driven by three key principles – flexibility, agility and relevance.

Prime Minister Ismail Sabri Yaakob said the initiative, via MD Catalytic Programmes (Pemangkin), will function holistically in transforming Malaysia’s digital economy ecosystem through three strategic priorities.

“It will, firstly, help drive digital adoption among aspiring young entrepreneurs, companies and people; secondly, support local tech companies to become ‘Malaysian Champions’ and successful international players; and, thirdly, attract high-value digital investments,” he said when launching the initiative and the Malaysia Digital Economy Corporation silver jubilee celebration in Kuala Lumpur today.

Also present was Communications and Multimedia Minister Annuar Musa. 

Ismail said the government will initially introduce two Pemangkin, namely the DE Rantau dan Digital Trade programmes.

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He said DE Rantau is a programme to boost digital adoption and promote professional mobility as well as drive tourism across the country, with the goal to establish Malaysia as the preferred Digital Nomad Hub.

“Digital nomad activities in the country will have spillover effects beyond just reviving the tourism sector, which has been adversely impacted by the pandemic.

“In fact, it will stimulate local business and economic activities as well as providing opportunities for the sharing of knowledge and experience with local communities,” he said.

Meanwhile, Digital Trade will drive e-commerce and digital adoption by businesses, facilitate cross-border trade, and support data exchange between businesses to boost efficiency, accuracy and credibility of cross-sector and cross-industry transactions. 

He also said that through Malaysia’s participation in the Regional Comprehensive Economic Partnership, the programme will facilitate a wider reach in the global market and hence bring great benefits to local businesses, especially the micro, small and medium enterprises. – Bernama, July 4, 2022.

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