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The President of Malaysia Digital Chamber of Commerce (MDCC), Mr. Chris Daniel Wong, brought a delegation from PEMUDAH and VC/PE industry players in Malaysia to have a dialogue with MIDA.Much had been discussed together onRead more
10 UK net zero start-ups pitched their technologies for up to $1 million investment and entry into an accelerator programme for green start-ups. The UK-Malaysia Digital Innovation Programme Demo Day kicked off in Sunway City,Read more
The digital economy and green development have become major trends in global economic and social transformation. Chinese President Xi Jinping urged on Friday for all APEC members to enhance economic and technical cooperation, speed upRead more
The UAE signed a joint statement with the US the world’s biggest economy on data transmission across borders and discussed the importance of data collection and transmission. The Emirates is focused on collaborating with theRead more
Digitalisation is a significant catalyst in facilitating the recovery and sustained growth of the Asia-Pacific Economic Cooperation’s (APEC) micro, small, and medium enterprises (MSMEs), said Chief Secretary to the Malaysian Government Tan Sri Mohd ZukiRead more
China has established a working team to push its accession to the Digital Economy Partnership Agreement, the Ministry of Commerce said in an online statement on Friday (Aug 19). Signed by New Zealand, Singapore andRead more
The Keluarga Malaysia Digital Economic Centres (PEDi) are more than just internet centres but will lead to greater benefits to Malaysians and the country, Communications and Multimedia Minister Tan Sri Annuar Musa said. He saidRead more
The government would be boosting the rural digital economy through Budget 2023 to be tabled this October, said Deputy Finance Minister I, Datuk Mohd Shahar Abdullah. He said that based on the findings through e-dagangRead more
Malaysia’s digital landscape is entering a new era of accelerated growth, driven by Malaysia Digital (MD), the government’s national strategic initiative that aims to put the country at the forefront of the digital economy. LaunchedRead more
MALAYSIA’S digital economy is set to be worth US$35 billion (RM156.1 billion) by 2025, says Google Cloud South-East Asia (SEA) MD Ruma Balasubramaniam (picture). Balasubramaniam said the country sits within a very robust SEA ecosystemRead more
Malaysia and Qatar aim to bring their bilateral relationship a notch higher through cooperation in new areas like Islamic financing and digital economy. Foreign Minister Datuk Seri Saifuddin Abdullah said as international trade is becomingRead more
Ericsson and DNB 5G rollout to expedite digitalisation and foster inclusive development ERICSSON has reiterated its commitment to support Digital Nasional Berhad (DNB) in delivering a world-class network that will become a 5G showcase inRead more
Malaysia Digital Economy Corporation (MDEC) has introduced the IdeaKita initiative to create and foster 200 new tech companies by the end of the year. MDEC chief executive officer Mahadhir Aziz said the programme is designedRead more
H.E. Omar Sultan Al Olama: The digital economy is the economy of the future on which the pillars of the development process will be based H.E. Omar Sultan Al Olama: The new business group will accelerateRead more
The Malaysian Investment Development Authority (MIDA) has praised Jabil Penang’s efforts in accelerating automation and digitalisation initiatives through its partnerships with local vendors in Malaysia. MIDA Chief Executive Officer Datuk Arham Abdul Rahman said followingRead more
The government has developed Malaysia Digital (MD), an initiative to accelerate the growth of the nation’s digital economy, driven by three key principles — flexibility, agility and relevance. Prime Minister Datuk Seri Ismail Sabri YaakobRead more
Experts and insiders called for international cooperation to promote high-quality digital economy development at the 2022 Global Digital Economy Conference, which wrapped up in Beijing on Saturday. Themed “Embrace a Digital Future — New Factors,Read more
In recent years, many nations have pursued partnerships with the purpose of advancing alliances on emerging and critical technologies. For instance, the Quadrilateral Security Dialogue between the United States, Japan, India and Australia has aRead more
Surging cross-border data flows require a balanced global governance approach that maximizes development gains, spreads the benefits equitably and minimizes the risks and harms. “Governance is what will determine the outcome of digital transformation,” UNCTADRead more
Google on Thursday signed a Memorandum of Understanding with the Telangana government to bring benefits of digital economy to youth and women entrepreneurs, and also kicked off the ground-up development of its three million squareRead more
Web 3.0 is the next generation of internet architecture. Make sure your business is ready for the changes this era might bring. Web 3.0 is the third generation of the World Wide Web. It isRead more
The emphasis of the new Dubai is on creating a knowledge-based economy. To this end, it has ushered in many reforms, including issuing long-term visas to attract global talent. In fact, the Golden Visa programRead more
Anyone seeking to manage China’s regional economic integration must proceed with caution, but not without hope. Influencing Asia’s largest economy and political player is not going to be easy, especially given the growth and natureRead more
The AsiaForward Startup Day: Exchanging Asia’s brightest ideas organised by Alibaba partner, Handsprofit Sdn Bhd, aims to accelerate digital transformation for local small and medium enterprises (SMEs) and startups in growing their businesses via cloudRead more
The Digital Penang Fintech Hackathon, a collaborative initiative of Digital Penang with its partners Finexus and Touch ‘n Go Digital, was a success. In a statement, the Penang-based government agency said the hackathon was heldRead more
Malaysia Digital Economy Corporation (MDEC) and Malaysian Technology Development Corporation (MTDC) have partnered to further catalyse the growth of Malaysian tech companies. Both parties plan to co-develop technology-based entrepreneur development programmes as well as inRead more
Malaysia’s Ambassador to the United Arab Emirates (UAE) and the Consul-General of Malaysia in Dubai have been recalled by the Foreign Ministry (Wisma Putra) for failing to coordinate administrative and logistical matters during Prime MinisterRead more
KSI STRATEGIC Institute for Asia Pacific has called on the ICT industry to invest more resources in creating comprehensive security and quality systems for communications networks and reliable standards against which to assess them. TheRead more
“At the same time, the digital economy in India is being pegged at USD 85-90 billion in the calendar year of 2020 and that will see an exponential rise to USD 800 billion by 2030.Read more
A recent industry report has highlighted China’s impressive advances in computing power, ranking the country as one of the best among major economies in the field. The report, jointly released by the Tsinghua University, theRead more
SINGAPORE is charging ahead with green and digital economy agreements and is keen to work with Asean members to leverage new opportunities that will emerge from these fields in the coming years. On the digitalisationRead more
The global digital economy is developing rapidly, and over 50% of global GDP will be digitalized in 2022. Many countries and regions, like China, South Korea, and the EU, have already announced huge investment plansRead more
The future of digital economy is taking shape in the present. As metaverse and AR take centre stage, brands, content creators, innovators and builders of the new world are looking for solutions that help themRead more
Sarawak is going towards a future that no longer depends on gender or race but the ability of a person, said Premier Tan Sri Abang Johari Openg. “When you talk about empowerment you have toRead more
IN April 2020, Microsoft chairman and chief executive officer Satya Nadella said, “We’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning to sales and customer service, to criticalRead more
India has been gearing up to become the ultimate digital partner, providing end-to-end, innovative and transformative solutions and services to enterprises across the globe. It faces a historic opportunity to transform into one of theRead more
CULTIVATE BIG-PICTURE THINKING. We are Lifelong Learners.It brings wholeness and maturity to a person’s thinking. It brings perspective. Big picture thinkers are lifelong learners. They are always visiting new places, reading new books, meeting newRead more
The “Digital Freight Forwarding Market by Mode of Transport, Function, Vertical and Deployment Mode: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering. Digital freight forwarder matches the legacy freightRead more
In 2022 Australia will reckon with several of the biggest obstacles it faces. An upcoming federal election, a shift in the standard daily operations in the wake of the pandemic, and an economy that hopesRead more
Singapore and Cambodia will expand cooperation especially in new areas of mutual interest such as connectivity, infrastructure development, agri-trade, fintech and digital economy. Foreign Minister Vivian Balakrishnan is in Phnom Penh, capital of Cambodia, onRead more
The burgeoning digital economy led the pandemic recovery in South and Southeast Asia.Heavy smartphone penetration is facilitating digitalization in these regions.Greater government support is needed to advance the digitalization process. Digital transformation worldwide was alreadyRead more
Communications and Multimedia Minister Tan Sri Annuar Musa is determined to renew cooperation between Malaysia and Indonesia in the field of telecommunications and information to make it more dynamic in line with rapid changes inRead more
Worldline the European leader in the payments and transactional services industry, announced the integration of Alipay+ into its global portfolio. Through the collaboration, Worldline enhances its payment offering for in-store and e-Commerce merchants across Europe,Read more
India’s payments and banking platform for businesses Razorpay has acquired a majority stake in a leading Malaysian fintech firm Curlec for an undisclosed amount. The move marks its first international expansion into South-east Asia andRead more
Revenue for the services sector in the fourth quarter (Q4) of 2021 grew by 5.3 per cent year-on-year (y-o-y) to RM460 billion with an annual value amounting to RM1.7 trillion, according to the Department ofRead more
The Malaysia Productivity Corporation (MPC) has asked digital economy industry players to take full advantage of the #MyMudah Unit set up at the Malaysia Digital Chamber of Commerce (MDCC) to increase their productivity and businessRead more
Malaysia is assessing the potential benefits of adopting a digital currency, as part of measures targeted at helping the country’s financial services sector capitalise on the new technologies. “We are going one step further byRead more
The Malaysia Digital Economy Corporation (MDEC) is collaborating with ASEAN Fintech Group (AFG) to form a strategic partnership to enhance initiatives aimed at scaling up Malaysian fintech companies. In a statement Wednesday (Jan 26), MDECRead more
E-commerce was a driving force in the world economy long before the pandemic struck. Consumers even began avoiding retail stores in favour of mobile delivery apps. However, COVID-19 only expedited the shift to e-commerce thatRead more
A digital economic plan at the state level will be coordinated through the National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) to ensure the implementation mechanism of initiatives is closer to the targetedRead more
The MyDIGITAL initiative, which comes under the National Digital Economy Blueprint, is set to further grow Malaysia’s digital economy into a strategic economic engine of growth, said SAP Malaysia managing director Hong Kok Cheong inRead more
Global IT company 3i Infotech has announced that they will be building an Edge-as-a-Service (EaaS) digital platform for the ASEAN region in Malaysia. The centralised virtual hub with offerings in areas such as digital trustRead more
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 essayRead 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 hasRead 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 andRead more
Singapore’s government has for decades curated the nation’s economic future through a group of state-owned champions, shifting direction as needed to stay relevant in the global economy. The triple shock of the pandemic, disruptive techRead 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 empoweringRead 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 1Read 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 ofRead 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 willRead 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 initiativesRead 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 XiRead more
Many parts of our daily lives, as well as the way our economy and society are organised and function, are being transformed by digitalisation. The scope and speed with which the digital transition is bringingRead more
A total of 600 Keluarga Malaysia (Malaysian Family) Digital Economy Centres (PEDi), which are being transformed from existing community internet centres, will focus on generating income and helping the people’s economy, said Communications and MultimediaRead more
National digitalisation, the recovery of the creative industry and sustainable government communications are the focus of the Ministry of Communications and Multimedia Ministry (KKMM) in Budget 2022 to ensure that no one is left behindRead more
Large power imbalances stalk the growing digital economy as major platforms reinforce their positions in the global data value chain.The data-driven digital economy is surging. Recent estimates show that global internet protocol (IP) traffic aRead more
Some 48% of companies adopted digital tech platforms; 19% in 2020 About 85% of companies surveyed say need to reskill their employees Companies are accelerating the adoption of digital technologies and are accordingly focused onRead more
Malaysia based US fund, Indelible Ventures & EduSpaze in Singapore participate as well Funds to go into scaling operations in Malaysia & train an additional 8k IR4.0 mentors FutureLab, an online mentorship platform, and edtechRead more
30 June 2022 – The Malaysia Digital Economy Forum 2022 is a national event and is one of the most comprehensive and happening digital based event in Malaysia’s Calendar annually. Theme – The Next BigRead more
10 start-up companies was invited to pitch to more than 20 listed company and VCs. The objective of the programmer is to showcase Malaysia exciting start-ups to venture capitalist and corporate investors. The programmer isRead more
With data being “the new gold”, Malaysia is set to enjoy economic ripple effects from the RM4bil “Bersama Malaysia” initiative with tech giant Microsoft Corp that will also strengthen the country’s potential as a regionalRead more
The unveiling of the Strategic Programme to Empower the People and Economy (Pemerkasa) by Prime Minister Tan Sri Muhyiddin Yassin recently demonstrates the government’s continuous commitment to strengthening the economic recovery efforts and subsequently, turbo-chargingRead more
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