World

Malaysia targets competitive and progressive digital economy

Malaysia needs inclusive digital transformation to build a competitive and progressive digital economy to keep in step with developed countries, said Malaysian Finance Minister Tengku Zafrul Aziz.
Malaysia targets competitive and progressive digital economy ảnh 1Malaysian Finance Minister Tengku Zafrul Aziz. (Photo: https://theleaders-online.com/)
Kuala Lumpur (VNA) - Malaysia needs inclusive digital transformation to build a competitive and progressive digital economy to keep in step with developed countries, said Malaysian Finance Minister Tengku Zafrul Aziz.

Aziz stated this at a debate titled “A Digital ASEAN for All” within the World Economic Forum (WEF), which is taking place in Davos, Switzerland on May 22-26.

He shared Malaysia’s success on initiatives in narrowing the financing gap for micro, small and medium enterprises (MSMEs), as well as the informal economy, stressing that the implementation of the MSMEs digitalisation roadmap has helped his country continue to thrive by increasing the contribution of the business community to the national economy.

He said the main topic discussed during the session was how the digital future of the region could be shaped to benefit all walks of life.

When the world was hit by the COVID-19 pandemic, internet users increased by more than 10 percent in just one year, he said, noting that the digital economy of ASEAN is now worth more than 100 billion USD./.
VNA
#Malaysia#inclusive digital transformation#progressive digital economy#Vietnamplus#Vietnam news#Vietnam News Agency
Follow VietnamPlus

Related News

Malaysia's total trade soars to new high in March

Malaysia's total trade soars to new high in March

Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.
Malaysia boosts domestic investment for economic recovery

Malaysia boosts domestic investment for economic recovery

Malaysian Prime Minister Ismail Sabri Yaakob has said the government will refine the proposals forwarded by the National Chamber of Commerce and Industry of Malaysia (NCCIM) aimed at especially strengthening the domestic direct investment (DDI), the most important element to revive the economy.

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.