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Malaysia must be aggressive in adopting digital technology – MPC

by moneycompass
March 9, 2021
in Local Market News
Malaysia
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KUALA LUMPUR – Malaysia needs to be more aggressive in pursuing digital technology to increase the country’s productivity in line with the government’s move to empower the digital economy, said Malaysian Productivity Corporation director Datuk Abdul Latif Abu Seman, reported Bernama.

He said the move, through initiatives outlined in Malaysia Digital Economy Blueprint, was the main driver for boosting productivity and hopefully the government would fulfill the aspiration of the digital economy contributing 22.6% of the Gross Domestic Product by 2025.

“The government initiatives to weather the challenges due to the COVID-19 pandemic have formed a foundation for the recovery and regrowth of Malaysia’s productivity and economy,” he said in a statement on March 6.

Therefore, he called on the business community to invest in digital technology, either through software, hardware, or digital security, to support their business models as well as focusing on raising worker and organisational productivity.

“The communication of government regulations such as to license, guidelines and data that could facilitate business and public affairs should be digitalised,” he said.

Abdul Latif also urged civil servants, business operators and the public to widen their knowledge and expertise regarding digital technology.

“The question is, how do we seek and analyse existing information to improve or value-add to civil service, businesses and ourselves? These skills can lead to higher individual, organisational and national productivity,” he added.

 

Read more: Early government intervention to help close income gaps, provide equal opportunities – PM

Tags: businessdigitaldigital technologyMPC
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