Tag Archives: Malaysia

World Bank report: Malaysia – unlocking the potential of the digital economy

CaptureUnlocking the potential of the digital economy is key to ensuring Malaysia’s successful transition to a high-income economy.

  • Moving forward, Malaysia should consider adopting policies with two main objectives:
    – Improved quality and affordability of fixed broadband services;
    – Increased coverage of ultra-fast broadband networks.
  • To achieve these objectives, the government should strive to increase competition in the fixed broadband market.
    – Better enforcement of the current regulatory framework could provide all operators with access to cable landing stations.
    – Encouraging competition by opening the market across all levels of the telecom and internet supply chain.
  • For Malaysia to increase productivity outcomes in the private sector and drive the country’s digital transformation, it is crucial for the country to improve its level of digital adoption and connectivity.

Report World Bank –  Malaysia Economic Monitor: Navigating Change, part two: Unlocking the potential of the digital economy (2018)

Or you can find more reports in Library

What’s Next 2018 – Conference – Kuala Lumpur (Malaysia) – 30 August

malayDigital News Asia and EY are excited to invite us to What’s Next 2018: The Business Impact of Digital Disruption.

It is clear that Digital is the Mega Trend of our times with both life and work increasingly shifting to Digital services. And if you needed more proof of this – Jeff Bezos of Amazon has just become the wealthiest human in history with a net worth exceeding US$150 billion. That is RM600 billion. And who is to say that Alibaba’s Jack Ma won’t catch up with him one day?

Both their successes have come from capturing market share from Brick & Mortar companies that are slow to adapt to this new reality. And that is the focus of What’s Next. First launched in 2015, What’s Next has established itself as the leading Digital conference in Malaysia, which focuses on what Brick & Mortar companies are doing to prepare themselves for Digital Disruption.

What’s unique about What’s Next is that we focus on bringing you the experiences and sharings of large Brick & Mortar companies about what is working for them and what is not. From having guest speakers the likes of Tan Sri Tony Fernandes of AirAsia and Tan Sri Vincent Tan of Berjaya Corp to leading banker Raja Teh Maimunah, past conferences have been rich and real with sharings from CEOs.

This year, we have Henry Tan, CEO of Astro Holdings Bhd, as one of the speakers who will share what their companies have been doing to prepare and not just defend their markets, but also seize the opportunities that Digital Disruption is creating as well.

Besides Tan, we also have the CEO of Asia Pacific University, Dato’ Dr Parmjit Singh, who will talk about how a High Touch Business deals with Digital Disruption. Speakers aside, there will also be some excellent breakout sessions, including an opportunity to experience the power of Virtual Reality set in a retail scene. This will give you a real feel for how retailers will soon be using technology to enhance the shopping experience.

Schedule include Panel Session: 3 Things Malaysia Needs To Do To Accelerate Its Digital Economy

Malaysia – Digital economy expected to contribute 20% to GDP by 2020

malayDigital economy, one of the major contributors to the Gross Domestic Product (GDP), is expected to achieve a target of 20 per cent by 2020 compared to 18.2 per cent in  2016.

Deputy Communications and Multimedia Minister Datuk Seri Jailani Johari said in line with the rapid growth of the country’s digital economy, various initiatives and programmes were implemented under the Malaysia Digital Economic Corporation (MDEC).

“Among the programmes implemented are popularising digital economy to the target groups such as youths and small entrepreneurs including those under the B40 and M40 groups.

“Under this programme, the government is implementing the e-Usahawan and e-Rezeki programmes to help the people generate additional income digitally,” he said.

He was replying to a question from Senator Datuk T. Mohan, who wanted to know the main duties and responsibilities of MDEC in boosting the country’s economy and assistance from MDEC given to companies that are wholly own by Malaysians in particular.

Jailani said under the e-Usahawan programme, a total of 102,269 young and rural entrepreneurs had attended e-entrepreneurship trainings and courses.

Of the total number of entrepreneurs, he said 25,792 participants reported an additional sales of over RM175 million.

“Under the e-Rezeki  programme, 151,198 individuals have been trained through the e-Rezeki centre and representatives nationwide and, out of that total, some 62,790 have managed to generate income with a total cumulative value of  RM101 million,” he added.