The scope of the National Council of Digital Economy and the Fourth Industrial Revolution (MED4IR) will be expanded to ensure that Malaysia is able to provide sound policies and aspects of implementation so that the digital economy can be enjoyed by all. Minister of Communications and Digital Fahmi Fadzil said this was agreed upon at Wednesday's Cabinet meeting as the scope and functions of MED4IR were previously quite limited.
The Malaysian Investment Development Authority (MIDA) is on track to achieve its RM70 billion target for digital-related investments in line with the Malaysia Digital Blueprint’s (MyDIGITAL) strategies. With robust strategies in place to ensure that digital-related investments remain competitive in the country, the Digital Investment Office (DIO), a collaborative platform between MIDA and the Malaysia Digital Economy Corporation (MDEC), has successfully facilitated a total of RM66.47 billion investments as of September 2022, which is over 99% of the target under the MyDIGITAL initiative.
E-commerce is the great equaliser. Via e-commerce, a single person can run as a global entity thanks to the availability of inexpensive and accessible tools that allow them to source, ship, deliver, pay, collect and digitalise other key aspects of business operations.
KUALA LUMPUR, Jan 26 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 targeted recipients, in line with the Keluarga.