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Malaysia builds strong investment momentum in digital and tech sector


The Malaysia Digital Economy Corporation (MDEC) expects investor confidence to get a boost as Malaysia accelerates its digital economy agenda with the recent announcement of the national digital economy blueprint MyDigital.
Based on the Department of Statistics Malaysia report, the digital economy’s contribution to gross domestic product (GDP) for 2019 stood at 19.1% or RM289.2bil. It is projected to hit 20% in 2020.
“Amid the Covid-19 pandemic which disrupted foreign direct investment (FDI) globally, we continue to build strong investment momentum in our digital tech industry, ” said MDEC investment and brand senior vice president Raymond Siva.
‘We are working hard to achieve our aspiration to become the Heart of Digital Asean,’ Siva said. ....

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