BUSINESS

Digitalisation a major catalyst in assisting recovery of APEC’s MSMEs -- Mohd Zuki

18/11/2022 08:50 PM

By Linda Khoo Hui Li

BANGKOK, Nov 18 (Bernama) -- Digitalisation is a significant catalyst in facilitating the recovery and sustained growth of the Asia-Pacific Economic Cooperation’s (APEC) micro, small, and medium enterprises (MSMEs), said Chief Secretary to the Government Tan Sri Mohd Zuki Ali. 

Mohd Zuki, who is at this year’s APEC Economic Leaders’ Meeting (AELM) in his capacity as the Special Representative of the Prime Minister, said digitalisation itself without noteworthy enablers, such as inclusivity, may not be adequate in providing the necessary traction for MSMEs to evolve, mature and move up the value chain.  

“At the outset, we need to advance the digital literacy and capabilities of our MSMEs. 

“In order to do so, governments need to work together with private sector representatives such as those from the APEC Business Advisory Council (ABAC) to identify the gaps in the digital skillsets of our MSMEs and work towards pragmatic solutions that fittingly address these shortfalls,” he said in his intervention notes at the ABAC Dialogue with APEC Economic Leaders here today.

Thai Prime Minister Prayuth Chan o-cha chaired the ABAC Dialogue with APEC Economic Leaders at Queen Sirikit National Convention Centre in Bangkok. 

Mohd Zuki said that APEC economies should continue to reskill and upskill its workers in the MSMEs sector.

“These measures will enable employees in such enterprises to equip themselves with the right knowledge and technical know-how as well as further facilitate their integration into an increasingly digitalised space for smaller firms and businesses,” he said.

Meanwhile, Mohd Zuki also shared Malaysia’s initiative of launching the Malaysia Digital Economy Blueprint to position it as a competitive global player in the field of digital products and solutions.

“Strong and dependable Internet connectivity at cost-effective rates, for example, will be an important pre-requisite for MSMEs looking to embark on their digitalisation journey. Cognisant of this fact, Malaysia continues to invest heavily in nationwide 4G and 5G coverage.  At present, we are on track to achieve an estimated 96.9 per cent of 4G coverage and 36 per cent of 5G coverage by the end of this year.

“Malaysia is highly encouraged by ABAC’s efforts in accelerating digitalisation and enhancing inclusivity, including through policy recommendations, implementation of supportive capacity building programmes, and democratisation of business resources. 

“Let us continue to strengthen our linkages and advance the work on digitalisation as well as inclusivity, for the prosperity of all our people and future generations, as underscored in the APEC Putrajaya Vision 2040,” he said.

Meanwhile, Mohd Zuki said the element of digitalisation is the “central to work” for APEC economies  towards achieving sustainable economic recovery and inclusive growth.

In his intervention notes at the APEC Leaders’ Informal Dialogue With Guests today, he said a silver lining to the pandemic has been the accelerated adoption of digital tools, skills and technologies, particularly by MSMEs, workers in the informal economy as well as other groups of untapped economic potential.

Building upon this, he said, it is now essential to consolidate, sustain and augment the skill sets acquired by these segments of the societies.

“In this regard, it is also crucial for APEC to expeditiously operationalise the initiative on Future of Work, to safeguard the economic well-being of our people in an increasingly digitalised world,” he said.

Mohd Zuki said the responsibility lies on the governments to put in place high-quality policies and programmes that promote fair and equitable access to digital enablers, infrastructure and marketplace, as they strive to level the playing field and improve the livelihoods of the people.

-- BERNAMA 

 

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2023 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy