Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the COVID-19 pandemic has accelerated the growth of the digital economy and opened up opportunities for a variety of new digital businesses, the Malaysia Digital Economy Corporation (MDEC) said.
A bird's-eye view of Kuala Lumpur July 8, 2020. (Photo: malaymail.com)
Kuala Lumpur (VNA) - Malaysia must lay a strongfoundation to support the new wave of digitalisation, especially now that theCOVID-19 pandemic has accelerated the growth of the digital economy and openedup opportunities for a variety of new digital businesses, the Malaysia DigitalEconomy Corporation (MDEC) said.
Senior vice-president in charge of investment andbrand division Raymond Siva said laying a solid foundation is critical toensure that Malaysia could holistically transform itself into an advanceddigital economy and the agency continued to see investment momentum in thedigital tech industry domestically.
“Recent commitment from global giants such as Huaweiand Dell Technologies is a glowing endorsement of Malaysia’s digitalcapabilities, platforms and infrastructure, propelling us on course to be theHeart of Digital ASEAN,” he told Malaysia’s news agency Bernama recently.
Huawei Technologies (Malaysia) Sdn Bhd chiefexecutive officer Michael Yuan said the profound impact of digitaltransformation on global economies, particularly during the COVID-19 pandemic,has resulted in a violent shift to digital.
“In order to contribute actively and consistently tothe country’s digital acceleration, there are three key technologies that wemust leverage - 5G, cloud computing and artificial intelligence (AI).
“5G, for one, will unleash a world of opportunitiesby simply enhancing connectivity and mobility. Hence, 5G is billed as thecatalyst for unlocking potential growth across industries such as medical,education, agriculture and smart cities,” he said.
Meanwhile, Dell Technologies Senior Vice Presidentfor South Asia and Managing Director of Malaysia Pang Yee Beng said the launchand implementation of the Malaysia Digital Economy Blueprint (MyDIGITAL) is astrategic move to build economic resilience and transform the country into adigital and high-income nation, paving the way for Malaysia to be ready for thenext phase of the digital era called the “data decade”./.
The Malaysian Government has approved the National Investment Aspirations (NIA), a forward-looking growth framework that will outline the basis for Malaysia’s investment policy reforms.
The Malaysian Government has issued a new emergency ordinance allowing it to use funds derived from oil and gas contributions to pay for vaccine procurement, part of efforts to accelerate COVID-19 vaccination.
Malaysia Airlines will trial the International Air Transport Association (IATA) Travel Pass, involving passengers on flights from Kuala Lumpur to London between April 29 and May 27.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
A bird's-eye view of Kuala Lumpur July 8, 2020. (Photo: malaymail.com)
