Vice-president of digitally powered businesses (industry-supply) Gopi Ganesalingam said that in 2019, the digital economy had contributed 19.1% to the gross domestic product (GDP).
KUALA LUMPUR: The Malaysia Digital Economy Corp’s (MDEC) expectation to hit 20% growth in e-commerce contribution to the digital economy can be achieved as the Covid-19 pandemic has given a huge boost to digital adoption among entrepreneurs.
Vice-president of digitally powered businesses (industry-supply) Gopi Ganesalingam said that in 2019, the digital economy had contributed 19.1% to the gross domestic product (GDP).
“Sectors like MedTech, the Fourth Industrial Revolution (Industry 4.0) and Agri Tech will be forerunners in 2021, contributing to the rise in digital revenue, ” he told Bernama.
Malaysia Digital Economy Corp (MDEC) has appointed Nora Junita Mohd Hussaini as its new chief financial officer effective yesterday.
KUALA LUMPUR: Malaysia Digital Economy Corp (MDEC) has appointed Nora Junita Mohd Hussaini as its new chief financial officer effective yesterday.
This marks the second c-suite appointment of this year following MDEC’s plan to reinvent its structure and culture to better deliver the country’s digital transformation agenda.
In a statement, the agency said Nora Junita brought with her a decade of experience on regional mergers and acquisitions, business turnaround and change management, especially in the telecommunications sector.
“She is a finance and strategy professional with over two decades of sound experience across multiple industries and markets in Europe and Asia, especially the UK, Malaysia and Bangladesh, ” it added.
At the forefront: Designing Society 5.0 Power Panel (from left): Star Media Group assistant general manager Corinne Chieng, Hiroshi, Rajoo, Rais and Golingai. The participants removed their masks momentarily to have the picture taken. Social distancing and standard operating procedures were adhered to at all times during the event.
PETALING JAYA: There needs to be better collaboration between policymakers and industry players to ensure that technological developments will be able to benefit not just businesses, but also society at large.
Tata Consultancy Services country head Jeevan Rajoo noted that a paradigm shift is beginning to take shape among business organisations toward sustainable economics.
AMMB Holdings Bhd (AmBank) has selected the Top 100 small and medium enterprises (SMEs) that have made it through the Digitalisation track as finalists for the third season of the AmBank BizRACE contest.
According to the group, the finalists for the third season of AmBank BizRACE, which was launched in July, were gathered for a virtual development session on Nov 5.
Participants will soon be going through their first round of pitching sessions, where 30 will be further shortlisted to advance to the next round, it added.
“We would like to congratulate the Top 100 businesses in the Digitalisation track for successfully making it to this stage of the competition,” AmBank managing director of business banking group Christopher Yap said in a statement.
WHILE awaiting further details on digitalisation funding from the government, small and medium enterprises (SMEs) are encouraged to start planning their digitalisation journey and foster collaborations with partners in the public and private sectors. It was announced in Budget 2021 that the government through state-owned financier Bank Pembangunan Malaysia Bhd (BPMB) will provide RM1 billion to the Industrial Digitalisation Transformation Scheme to boost digitalisation activities. The fund is said to be available until Dec 31, 2023.
Furthermore, additional funds amounting to RM150 million in support of automation and modernisation will be provided under the SME Digitalisation Grant Scheme and the Automation Grant, with eligibility for these grants being relaxed for micro SMEs and start-ups that have been operating for at least six months.