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Digital economy's contribution to GDP to hit at least 20% by year-end — MDEC

KUALA LUMPUR (Feb 25): The digital economy s contribution to gross domestic product (GDP) will easily reach 20% by year-end from 19.1% in the current Covid-19 pandemic environment, said Malaysia Digital Economy Corporation (MDEC).
Business digital adoption director Muhundhan Kamarapullai said its contribution to the GDP had been already quite significant even prior to the pandemic at over 18% and now it had moved up to 19.1%.
“From a digital economy standpoint, we have gained quite a bit in terms of how the acceleration of work has been done in the country.
“From an economic perspective, the acceleration has been tremendous in some areas such as e-commerce and logistics. Many of these areas have a high demand at present due to the digital demand,” he said during a webinar organised by Cyberview Sdn Bhd titled “Surviving a Pandemic: What It Means to Digitally Transform Your Business” today. ....

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Digital economy's contribution to GDP to hit at least 20% by year-end, says MDEC

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MDEC says from a digital adoption standpoint for traditional businesses, a lot of work still needs to be done. – The Malaysian Insight file pic, February 25, 2021.
THE digital economy’s contribution to the country’s gross domestic product (GDP) will easily reach 20% by year-end from 19.1% in the current Covid-19 pandemic environment, said Malaysia Digital Economy Corporation (MDEC).
Business digital adoption director Muhundhan Kamarapullai said its contribution to the GDP had been already quite significant even prior to the pandemic at more than 18% and now it had moved up to 19.1%.
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#TECH: Huawei kick-starts tech digital transformation programme for SMEs

#TECH: Huawei kick-starts tech digital transformation programme for SMEs
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Digital transformation among small and medium enterprises is in order if they want to continue to thrive in the future. -NSTP file pix/HAIRUL ANUAR RAHIM
KUALA LUMPUR: Huawei Technologies (Malaysia) Sdn Bhd (Huawei) has kick-started a series of SME programmes, in collaboration with the SME Association of Malaysia (SME Association), SME Corporation Malaysia (SME Corp Malaysia), and the Malaysia Digital Economy Corporation (MDEC), to drive digital transformation among SMEs and create a sustainable ecosystem for SME growth.
Realising the important role SMEs play in the Malaysian economy SMEs make up over 98 per cent of business establishments in Malaysia, contributing more than 38 per cent to the country s overall gross domestic product (GDP) as well as the urgency for these enterprises to go digital in order for them to contin ....

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