The Malaysia Digital Economy Corporation (MDEC) on July 19 announced its Digital Investments Future5 (DIF5) Strategy, a plan focusing on five key thrusts aimed at attracting investments and advancing Malaysia’s digital economy in line with the Malaysia Digital Economy Blueprint (MyDIGITAL).
In a statement, it the DIF5 Strategy’s targets by 2025 include 50 billion RM investments in the digital economy; attracting 50 Fortune500 tech companies to land and expand in Malaysia; the establishment of five Unicorns; and the creation of 50,000 high-value jobs in MSC Malaysia.
Read more: Malaysia announces strategy to advance digital economy
Malaysia Digital Economy Corporation (MDEC) - the lead agency of digital transformation in Malaysia, has unveiled its five-year plan which sets a target of attracting 50 billion ringgit (about 11.84 billion USD) to the country’s digital economy.
In a statement, MDEC said that the five-year initiative, which will run from 2021 to 2025, aims to ensure high quality digital investments as the Southeast Asian country seeks to unlock new drivers of growth in the digital economy.
Read more: Malaysia looks to attract nearly 12 billion USD to digital economy
Digital Nasional says initial rollout covers KL, Putrajaya and Cyberjaya, followed by 5 major cities and districts in 5 states by 2022
The national fifth generation (5G) network will be launched by the end of 2021 beginning with Kuala Lumpur (KL), Putrajaya and Cyberjaya, according to Digital Nasional Bhd (DNB).
The evolution of economic activity and technology offers enormous challenges and an opportunity for data centres
The establishment of data centre hubs and cloud service providers will continue to be the driving force behind the rise of the country’s digital economy, according to AIMS Data Centre CEO Chiew Kok Hin.
Read more: MY: Data centre infrastructure to bolster country’s digital economy
A new Fourth Industrial Revolution (4IR) policy was launched by the government yesterday, aimed at accelerating and equipping Malaysian industries and society to navigate through the rapidly evolving digital and technological realms.
The policy is aimed to leverage on the synergy of the physical, biological, and digital worlds to elevate the country’s over-all value based on four policy thrusts; to equip the rakyat with 4IR knowledge and skill sets, to forge a connected nation through digital infrastructure development, to future proof regulations to be agile with technological changes, and to accelerate 4IR technology innovation and adoption.
Read more: MY: Four things to know about the govt’s new 4IR policy