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M sia poised to maintain top position in Asean e-commerce market

M sia poised to maintain top position in Asean e-commerce market A - Malaysia is expected to maintain its position as one of the top e-commerce markets in Asean, with its gross merchandise value (GMV) likely to grow 6.0 percent to US$11.4 billion (RM46.7 billion) in 2020. In a statement today, the Malaysia Digital Economy Corp (MDEC) said the e-Conomy SEA 2020 Report by technology giant Google, Singapore state-owned investor Temasek and global consultancy firm Bain & Company had projected Malaysia s GMV to rise to US$30 billion in value by 2025. All Access Plan

Mida, MDEC establish Digital Investment Office, say will shape Malaysia s digital investment landscape | Malaysia

Friday, 23 Apr 2021 04:51 PM MYT In a joint statement today, Mida and MDEC said the role of the DIO is aligned with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision 2030. AFP file pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 23 The Malaysian Investment Development Authority (Mida) and the Malaysia Digital Economy Corp (MDEC) have collaborated to facilitate digital investments via the establishment of the Digital Investment Office (DIO). In a joint statement today, they said the role of the DIO is aligned with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision 2030.

Bridging online, offline retailing

DUE to the Covid-19 pandemic and the resulting lockdowns in 2020, retail businesses had to scramble to go online in order to regain sales and survive, while work-from-home workers adapted to shopping online. Lazada Malaysia chief marketing officer Diana Boo noted that the online shopping platform saw a 300% increase in new sellers on-board last year, via its Pakej Kedai Pintar stimulus plan which aimed to assist local small and medium enterprises (SMEs) to sell online. “The overall digital economy has grown. We’re not the only e-commerce platform. There are many small businesses that have gone online. And even after the movement control order (MCO) was lifted, consumers continue to stay online, ” said Boo at the Smart Retail: Powering Nation’s Digital Economy two-day live virtual conference, held at end-March.

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