Economy Minister Rafizi Ramli says the digital economy is one of three high-value strategic sectors capable of stimulating investment and offering high-paying jobs. – The Malaysian Insight file pic, May 29, 2023.
“Apart from boosting existing industries such as semi-conductors, manufacturing, oil and gas, and commodities to the higher value chain level with a focus on the process of higher value down-streaming, the three strategic sectors that the Economy Ministry is focusing on are energy transition towards renewable energy, digital economy and food security,” he said in a statement.
“This will increase the number and performance of start-ups as well as accelerate the transition of the private sector to the digital economy,” he said. Rafizi said he spoke with Jack Selby at the Qatar Economic Forum recently. Selby is a founding member of PayPal, along with Elon Musk, Peter Thiel and Reid Hoffman.