Malaysia's Digital Economy In Good Position, Says MDeC

PETALING JAYA, Sept 5 (Bernama) -- Malaysia's digital economy is in a good position with the information communication technology sector contributing 12 per cent of the national gross domestic product (GDP).

Multimedia Development Corp's (MDeC) vice-president, Michael Warren, said the healthy contribution amounted to RM113 billion, which represented a significant share of the national GDP of RM941 billion in 2012.

"To further accelerate this growth, MDeC's Digital Malaysia 354 Roadmap will game-change Malaysia's digital landscape and undoubtedly sow the seeds to grow Malaysia into a high-income country driven by innovations of the digital economy by 2020.

"MDeC's Digital Malaysia 354 Roadmap has now moved forward to the next phase and details of the roadmap would be revealed soon," he said.

Warren said this to reporters after the release of the Global Market Expansion Services (MES) Report here Friday.

The report, jointly published by DKSH Malaysia and Roland Berger Strategy Consultants, focuses on digitisation, transformation of business processes through digital technologies and how it is impacting corporate business models.

Warren said the three digitisation trends -- mobile commerce, business intelligence and smart infrastructures -- would have a meaningful impact on companies within the next five years.

He said although digitisation was not changing the fundamentals of doing business, it has enabled new business opportunities and opened up possibilities for growth and efficiency gains.

"These trends will affect the ways business transactions are conducted and how companies interact with their suppliers, customers and other stakeholders," he said.

Warren said leading market research institutes had forecast that as of 2018, Asia-Pacific would become the region with the busiest e-commerce activities and transactions in the world.

DKSH is a leading MES provider focussing on Asia. It helps other companies and brands to grow their business in new or existing markets.


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