Malaysia focuses investment on digital human resources
Malaysia's digital investment rose to 66.22 billion MYR (14.93 billion USD) in the first half of the year, surpassing 46.2 billion MYR of the whole of last year, a Malaysian official has said.
Malaysia's Digital Minister Gobind Singh Deo (Photo: thestar.com.my)
Kuala Lumpur (VNA) - Malaysia's digital investment rose to 66.22 billion MYR (14.93 billion USD) in the first half of the year, surpassing 46.2 billion MYR of the whole of last year, a Malaysian official has said.
Digital Minister Gobind Singh Deo said that investments so far this year have helped create 25,498 jobs, surpassing the figure of 22,258 jobs created in the same period in 2023.
To boost investment in the digital sector, the ministry will submit a list of proposals to the Malaysian Finance Ministry for the preparation of Budget 2025, focusing on tax incentives.
The official gave remarks while witnessing the signing ceremony of a Memorandum of Understanding between the 42 Kuala Lumpur Computer Science School and MyDIGITAL Corporation.
It is essential for the government to support and encourage small and medium enterprises, which account for 97% of all businesses in Malaysia, to apply technology to serve the development 💖of the digital economy, Gobind said. He also stressed the need for greater collaboration between the government and the industry to accelerate the national digital agenda, including workf♌orce training.
Major corporations such as Google, AWS, Byte Dance, Nvidia and Microsoft have committed billions of MYR in investment in Malaysia’s digital sector and will need a lot of skilled workers to serve their businesses.
According to Gobind, the collaboration between MyDIGITAL Corp and 42 Kuala Lumpur will help accelerate the training of digital human resources for Malaysia, adding that future plans include joint research 𝐆and development, cross-border training e♏xchange, collaborative workshops and executive digital leadership programmes./.
Malaysia's economy is open and has established cooperative relations with all countries, so it needs to continue playing its role as a “neutral” country with a strong ecosystem in the technology sector to ensure the country remains an investment destination, an official has said.
Malaysia needs to focus on developing its own semiconductor design capabilities, lessening dependence on imported chips moving forward, said Malaysian Economy Minister Rafizi Ramli at the launch ceremony of the country’s Semiconductor IC Design Park in Puchong on August 6.
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