Since the 90s, Malaysia has come a long way from being reliant on industrial and manufacturing activities to one that’s fundamentally knowledge-based, via the adoption of technology.
Multimedia Super Corridor Malaysia (MSC) was an early initiator in this paradigm shift, driven by the Malaysia Digital Economy Corporation (MDEC). MDEC is reported to have contributed to the growth of our digital economy efforts which currently stands at 22.6% of the total GDP.
More recently, the Malaysia Digital Economy Blueprint (MyDIGITAL) has played a role in the country’s digital adoption, which was spurred by the pandemic.
Now, MDEC believes we are in a new state of change and has rolled out a new plan to accelerate the country’s digital economy, and it’s called the Malaysia Digital (MD) initiative.
Beyond the borders of Cyberjaya
MD is an initiative by MDEC to converge digital sectors with the economy. To do so, it will advocate and promote the universal use of digital solutions in all economic activities.
Via MD, stakeholders involved will be opened up and given access to digital tools, knowledge, and income opportunities, as part of the enhanced initiatives planned for the programme.
MSC will be transformed into MD, which aims to position Malaysia as a globally competitive digital nation.
Thus, MD’s framework will see a refresh of the Bill of Guarantees, non-location-based incentives, and an expansion of locations for promoted activities, amongst other things.
Speaking to Vulcan Post, MDEC’s CEO, Mahadhir Aziz explained that the expansion of location-based activities is in reference to the previous boundaries MSC had set for its framework. Back then, the companies under MSC were mainly based in Cyberjaya.
“With MD, we aim to expand digital hubs across…