noted how Malaysia outperformed its peers in East Asia and the Pacific regions for digital adoption capabilities.The digital economy is expected to continue its significant contribution to the country in 2021 based on an estimated 20% contribution to GDP in 2020 by the Department of Statistics Malaysia, on the back of a 6.7% economic growth forecast this year by the World Bank.
“Additionally, through our Global Testbed Initiative, we welcome companies to test-bed next-gen technologies for rapid expansion into the region. Our Malaysia Digital Hub initiative is also an ideal launchpad for start-ups to grow and scale, ” said Siva. ‘Malaysia offers a comprehensive set of incentives to encourage investments in digital technology and services,’ Yeo said.
Other than business-friendly policies, Malaysia’s tax regime is also attractive to companies as they start commercialising their digital creations and seek additional sources of funding and investment. The Government’s continued efforts to enable high-tech and innovation-driven small and medium-sized companies affected by Covid-19 to recover and revitalise the nation’s innovation capacity are also commendable and reflective of its support for technology and innovation.
mymdec mane ade attract? smua org dah masuk indon. msia jd busuk utk diorang. agenda ekonomi digital? kepala butuh ko! ni hanya utk agenda rais. skim cepat memperkayakan die sendiri shj
Khairykj However it is still not ready to nurture and fund start ups. The ecosystem is corrupt and predatory. Start ups are fleeing to Singapore and Indonesia.
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