World

Malaysia likely to achieve 16 billion USD in digital investments: PM

Malaysian Prime Minister Ismail Sabri Yaakob has expressed his confidence in the country’s ability to achieve the 70 billion RM (16 billion USD) digital investment target by 2025, in line with the digital economy blueprint.
Malaysia likely to achieve 16 billion USD in digital investments: PM ảnh 1Malaysian Prime Minister Ismail Sabri Yaakob (centre) (Photo: Bernama)
Kuala Lumpur (VNA) – Malaysian Prime Minister Ismail Sabri Yaakob has expressedhis confidence in the country’s ability to achieve the 70 billion RM (16billion USD) digital investment target by 2025, in line with the digitaleconomy blueprint.

Speaking atthe recent World Congress on Innovation & Technology (WCIT 2022), Ismailsaid Malaysia plays an important role as a digital investment hub in the Associationof Southeast Asian Nations (ASEAN).

With world-class infrastructure, a holistic digital ecosystem, and highlyskilled digital talent, Malaysia can become a major digital investment destinationin ASEAN, he said.

Ismail said that since the MSC Malaysia initiative, which is now rebrandedas Malaysia Digital (MD), was launched in 1996, the country had attracteddigital investments worth 384 billion RM and generated 180,000 jobs as well as 588billion RM in revenue.

He said although MD was only launched in July, it had managed to attractforeign direct digital investments worth 42 billion RM in just two months.

These investments came in via 28 foreign companies which are involved indata centres, IT services, technological creative content, and global businessservices or GBS, he added./.
VNA
#Malaysian Prime Minister#Ismail Sabri Yaakob#digital investment#WCIT 2022#ASEAN#Malaysia#vietnam news agency#vietnamplus
Follow VietnamPlus

Related News

Malaysia sets new target of 9.2 million tourist arrivals in 2022

Malaysia sets new target of 9.2 million tourist arrivals in 2022

The Ministry of Tourism, Arts and Culture of Malaysia has adjusted up the target on tourist arrivals in 2022 to 9.2 million with tourism receipts of 26.8 billion RM (5.98 billion USD) as the country has almost met the initial target of 4.5 million.
Malaysia not in economic crisis: official

Malaysia not in economic crisis: official

Malaysia is not experiencing an economic crisis just because the ringgit is trading at a low level against the USD, the country's Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has affirmed.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.