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MDEC outlines 5-year push to attract investment and drive Malaysia s digital economy

  The Malaysia Digital Economy Corporation (MDEC) Malaysia’s lead agency in digital transformation has outlined its ‘Digital Investments Future5 (DIF5) Strategy’, a five-year plan focusing on five key thrusts to attract investments and advance Malaysia’s digital economy in line with the Malaysia Digital Economy Blueprint or MyDIGITAL. The five-year initiative, which will run from 2021 to 2025 following the 12th Malaysia Plan, aims to secure high quality digital investments as it seeks to unlock new drivers of growth in the digital economy. Cumulatively, MDEC says it has brought in RM345 billion worth of investments via MSC Malaysia since 1996, creating 184,396 jobs, and housing 40 of the Forbes100 companies in Malaysia.

Malaysia aims to attract nearly 12 bln USD investments in digital economy

Malaysia aims to attract nearly 12 bln USD investments in digital economy
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Halal: Operating within the shariah-compliant digital economy

Malaysia is home to a Muslim-majority population. To ensure that their halal needs are met, the Department of Islamic Development Malaysia (Jakim) was created and is responsible for issuing halal certifications in the country. While the coverage of these certifications is wide and widely known in the F&B industry, pharmaceuticals, cosmetics as well as other goods, this is not the case in the services industry, says Faeez Fadhlillah, entrepreneur and co-founder of travel platform Tripfez. “There is a growing need for something that covers the broader services industry, especially as more digital start-ups offer services that are targeted at the Muslim population. We see a lot of these start-ups operating in healthcare, travel and tourism as well as financial services,” he adds.

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