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President Xi Jinping has called for improved regulation and governance of China’s digital economy to guard against its “unhealthy” development as Beijing aims to boost the sector’s contribution to the country’s growth. In an essay in the ruling Communist Party’s publication Qiushi on Saturday, Xi called for focusing on key areas including integrated circuits, displays,Read more

E-commerce and food delivery services have grown by US$7 billion (RM29.28 billion) in gross merchandise value (GMV) in 2021, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said Covid-19 has changed the business landscape and led to rapid digitisation growth, with many entrepreneurs moving onto e-commerce platforms. “It is clearRead more

If banks fail to take advantage of the potential that innovative technology provides, financial ecosystems risk remaining fragmented, heterogeneous and gaps could form in the infrastructure for criminals to infiltrate. However, today, post-financial crisis and amid the Covid-19 pandemic, financial institutions are utilising a variety of applications to formulate a holistic strategy. Which digital accessibilityRead more

The year 2022 will see Malaysia back on track in setting a long-term national economic plan with the mobilisation of several important themes, according to Prime Minister Datuk Seri Ismail Sabri Yaakob. These include empowering the digital economy as demanded by the current reality, he said in his special New Year’s message on Friday (DecRead more

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement amongst 15 countries in the Asia Pacific and by far, the world’s largest free-trade bloc to have ever been formed. Kicked in on 1 January this year for 10 countries in the Asia Pacific, it was initiated in 2012 by the Association of SoutheastRead more

Pemudah, or The Special Taskforce to Facilitate Business, has reinforced its role as the public-private sector’s collaborative platform to improve ease of doing business in Malaysia. Pemudah saw a change recently with the appointment of new members from the government and the industry. They include three secretaries-general, namely Datuk Seri Mohammad Mentek from the CommunicationsRead more

Malaysia Digital Economy Corporation (MDEC) is set to revamp and rebrand the MSC Malaysia initiative as it marks its 25th anniversary this year. Chief executive officer Mahadhir Aziz said the new and improved MSC will seek to accelerate participation in the digital economy and address the concerns on the widening digital divide by providing equitableRead more

Micro, Small and Medium Enterprises (MSME) entrepreneurs should seize the opportunities created through the government’s initiatives to transition from conventional to online business, said Datuk Seri Ismail Sabri Yaakob. The prime minister said various initiatives had been implemented by the government to help entrepreneurs promote their business, including through Budget 2022 which focuses expenditure onRead more

China’s unexpected move today to apply to join a fledging global digital trade pact even as the country tightens up cross-border data flows has raised questions about its intentions. Today’s move followed Chinese President Xi Jinping’s announcement of Beijing’s intention to join the Digital Economy Partnership Agreement (DEPA) as part of his video address aRead more