KUALA LUMPUR (Dec 27): Technology plays a vital role in developing a country economically and socially. It has the potential to drive economic growth and enhance social wealth by increasing the income levels.
For Malaysia, the high-technology industry has been the key contributor to the national economy, contributing US$90.3 billion of exports in 2018, mainly from manufacturing exports which stood at 52.8%. (According to the Malaysian Industry-Government Group for High Technology MIGHT)
In addition, Malaysia has also achieved a double-digit growth in high-technology exports for the last two years, with year-on-year growth of 17.2% in 2017 and 22% in 2018.
High technology (hi-tech) is defined as the use of new technologies to create products or services not previously available.
Sunday, 27 Dec 2020 01:43 PM MYT
High-technology industry has been the key contributor to the Malaysian economy. AFP file pic
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KUALA LUMPUR, Dec 27 Technology plays a vital role in developing a country economically and socially. It has the potential to drive economic growth and enhance social wealth by increasing the income levels.
For Malaysia, the high-technology industry has been the key contributor to the national economy, contributing US$90.3 billion of exports in 2018, mainly from manufacturing exports which stood at 52.8 per cent. (According to the Malaysian Industry-Government Group for High Technology – MIGHT)