Malaysia likely to achieve 16 billion USD in digital investments: PM
Malaysian Prime Minister Ismail Sabri Yaakob has expressed his confidence in the country’s ability to achieve the 70 billion RM (16 billion USD) digital investment target by 2025, in line with the digital economy blueprint.
Malaysian Prime Minister Ismail Sabri Yaakob (centre) (Photo: Bernama)Speaking at the recent World Congress on Innovation & Technology (WCIT 2022), Ismail said Malaysia plays an important role as a digital investment hub in the Association of Southeast Asian Nations (ASEAN).
With world-class infrastructure, a holistic digital ecosystem, and highly skilled digital talent, Malaysia can become a major digital investment destination in ASEAN, he said.
Ismail said that since the MSC Malaysia initiative, which is now rebranded as Malaysia Digital (MD), was launched in 1996, the country had attracted digital investments worth 384 billion RM and generated 180,000 jobs as well as 588 billion RM in revenue.
He said although MD was only launched in July, it had managed to attract foreign direct digital investments worth 42 billion RM in just two months.
These investments came in via 28 foreign companies which are involved in data centres, IT services, technological creative content, and global business services or GBS, he added./.
You should also see
InfographicCommemoration of Hung Kings - Gathering the spirit of patriotism
The Commemoration of the Hung Kings and the Hung Kings Temple Festival are among the most important festivals of the year for Vietnamese people. The worship of the Hung Kings is not only part of the cultural identity of the Vietnamese community but has also transcended national boundaries to become an Intangible Cultural Heritage of Humanity.
See more
World
Indonesia enhances vigilance against money laundering
Indonesian President Joko Widodo on April 17 called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.
World
Cambodia sees record number of tourists during traditional New Year holiday
Cambodia recorded almost 22 million domestic and international visitors travelling to different tourist destinations nationwide during the four-day traditional New Year holiday, from April 13 to 16.
World
Indonesia raises alert level to highest, warns of tsunami as volcano erupts
An airport in Madano city, the capital of Indonesia’s North Sulawesi province, has been ordered closed while hundreds of people evacuated and the alert level raised to the highest on April 18 due to large-scale volcanic eruptions of Mount Ruang.
World
ASEAN culture promoted in Mexico
Typical and diversified culture of ASEAN countries is being promoted at the ongoing ASEAN Week at the headquarters of Mexico’s Chamber of Deputies in Mexico city from April 15-19.
World
Thailand, New Zealand agree to elevate ties to strategic partnership
Thailand and New Zealand on April 17 agreed to upgrade bilateral ties to a strategic partnership by 2026, on the occasion of the 70th anniversary of bilateral diplomatic ties.
