KUALA LUMPUR: The Malaysia Digital Economy Blueprint (MyDigital) reflects the country’s preparedness in undertaking transformation by employing a whole-of-nation approach, says Malaysia Digital Economy Corporation (MDEC) chief executive officer Surina Shukri.
The contraction is also the worst in nearly 10 years.
Nevertheless, labour productivity is expected to rebound in 2021, following the steep decline recorded last year.
“The decline is inevitable. It is a global pattern brought by the impact of the pandemic, yet rest assured this is only temporary. MPC believes that the productivity growth is set to climb up this year, the positive projection aligns with the International Monetary Fund’s forecast on Malaysia’s GDP growth in 2021 by 7%,” said MPC director general Datuk Abdul Latif Haji Abu Seman in a statement today.
He also urged the public and private sectors to enhance firms and individual productivity in producing goods and delivering services. Enterprises, on the other hand, are implored to focus on production process efficiency and leverage on digital technology to widen market reach.
KUALA LUMPUR, Feb 22 Bursa Malaysia strayed into the negative territory at midday as its key index entered the consolidation phase following last week’s rebound. At lunch break, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 4.14 points, or 0.26 per cent to 1,580.79 from 1,584.93 at last.
KUALA LUMPUR (Feb 22): The Government of Malaysia Special Purpose Vehicle (GOMSPV) will be the entity to oversee the deployment of fifth generation (5G) infrastructure and network nationwide, said Malaysian Communications and Multimedia Commission (MCMC) chairman Dr Fadhlullah Suhaimi Abdul Malek.
He said GOMSPV will be licensed under the Communications and Multimedia Act 1998 and subject to MCMC’s regulatory oversight.
“This single entity will manage the transition to 5G network which would reduce duplication of networks. As we push communications as the third public utility, companies can focus on providing better internet services for customers,” he said in a virtual media briefing on ‘Accelerating 5G Deployment in Malaysia’, today.
KUALA LUMPUR (Feb 22): The main index at Bursa Malaysia slipped at the midday break as index-linked glove makers dragged, against the backdrop of guarded gains at regional markets.
At 12.30pm, the FBM KLCI fell 4.14 points to 1,580.79. The index had earlier climbed to a high of 1,587.51.
Gainers led losers by 453 to 380, while 726 counters traded unchanged. Trading volume was 8.12 billion shares valued at RM3.08 billion.
The top losers included Hartalega Holdings Bhd, Supermax Corp Bhd, Top Glove Corp Bhd, ViTrox Corp Bhd, Tasco Bhd, Mi Technovation Bhd, Nestle (M) Bhd, Malaysian Pacific Industries Bhd, Amtel Holdings Bhd, Press Metal Aluminium Holdings Bhd and Khind Bhd.