MDEC: Malaysia Seeking to Cut Dependency on Foreign Workers via Digitalisation
KUALA LUMPUR – Amid a shortage of foreign labour since the Covid-19 outbreak, Malaysia is seeking to reduce its dependency on workers from abroad through digitalisation, said Malaysia Digital Economy Corp (MDEC) chief executive officer Mahadhir Aziz. “We want to move the Malaysian talent to a higher level workforce and higher skills,” the CEO added. …
Malaysia to Have 80% 5G Coverage by 2024
Malaysia is expected to see approximately 80% of the populated areas with 5G network coverage as part of the Government’s measures to address the near-term efforts to place the country’s reopening on a stronger footing, according to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. In his keynote address at the National Recovery Summit on …
Bursa Malaysia is Looking for Opportunities to Work with Fintech Companies
Bursa Malaysia Bhd is looking for opportunities to work with fintech companies or other strategic partners to reinforce its value proposition, thereby increasing its agility and efficiency. CEO Datuk Muhamad Umar Swift said such efforts would help exchanges grow, seize new opportunities, innovate and stay relevant in this rapidly changing financial landscape. “We are open …
What is MyDIGITAL and Malaysia Digital Economy Blueprint?
MyDIGITAL initiative through the Malaysia Digital Economy Blueprint is a whole of nation approach. On 19th February 2020, Malaysian Prime Minister Tan Sri Muhyiddin Yassin has launched MyDIGITAL, which is the Malaysia Digital Economy Blueprint. What is MyDIGITAL? MyDIGITAL is a national digital transformation plan. It includes ideas and plans to improve digital literacy, creates …
The Fourth Industrial Revolution
It’s a fusion of technologies New technologies can optimize the way people work. When implemented thoughtfully, such innovations can improve overall business processes. Those changes are accepted as part of progress. But when a technology changes how and where people live and their relationships to one another and disrupt economies, it merits the term “revolution.” …
Prime Minister Emphasises Importance of Digitalisation
KUALA LUMPUR – The Malaysian government, along with the private sector, need to look into ways to expedite the digitalisation process that will benefit the small and medium-sized enterprises (SMEs). Prime Minister Tan Sri Muhyiddin Yassin, in a special interview aired over Radio Televisyen Malaysia, TV3, Astro Awani and Bernama TV, said this was important …
5G and Industry 4.0 are not just on the near horizon. They are here…
Bursa Malaysia Berhad today led the capital market discussion on 5G and Industry 4.0 with the 3rd instalment of the Invest Malaysia 2020 Capital Market virtual conference. The Invest Malaysia 2020 Virtual Series 3: Advancing Malaysia: 5G and Industry 4.0, was held in collaboration with Macquarie Malaysia, focused on the policies and technology deployments that …
Budget 2020: SME Digitalisation the Main Focus
ONE of the important aspects of Budget 2020 is to boost economic growth in the new economy and digital era, which comes as a pleasant surprise for small and medium enterprises (SMEs). In a move to accelerate the digital economy and build more digital companies, the government has made it clear that the private sector …
Driven by Multiple Factors
INDUSTRY4WRD : NATIONAL POLICY ON INDUSTRY 4.0 This article was first published by Ministry of International Trade and Industry (MITI) 2018. The manufacturing industry is increasingly shifting towards producing more technologically-complex products. It is no longer enough for the manufacturing industry to make better things – creating innovative products and services that will meet customer …
Competitive Response by Nations and Lessons Learnt
INDUSTRY4WRD : NATIONAL POLICY ON INDUSTRY 4.0 This article was first published by Ministry of International Trade and Industry (MITI) 2018. Recognising the importance of the transformation of the manufacturing industry to their industrial future state, many countries have launched Industry 4.0 related policies and programmes to support the research, development and deployment of Industry …