KUALA LUMPUR, 8 DECEMBER (Bernama) — Despite global financial instability, Malaysia remains the preferred investment location for Chinese investors in the digital economy, according to Malaysia Digital Economy Corporation (MDEC) Chief Digital Investment Officer, Raymond Siva.
According to him, some of the famous Chinese enterprises that have recently been granted Malaysia Digital Status include Bytedance, Chin Data, ChinaSoft International, and GDS Data Centers.
Raymond was presenting today at an online conference on ASEAN Media’s Perspective on Digital China Media Tour 2022: A New Chapter in Smart City.
On July 20, 2022, the government introduced the MD initiative, which will succeed Malaysia’s Multimedia Super Corridor (MSC) to accelerate digital transformation in target regions with significant development potential, prospects, and significance for the national digital economy.
Malaysia Digital Status will be granted by the Malaysian Government through MDEC to qualifying enterprises to engage in and carry out any of Malaysia Digital’s activities. Malaysia Digital Status firms will be eligible for a variety of government incentives, rights, and advantages, subject to requisite approvals and compliance with applicable criteria, rules, and regulations.
Raymond stated that in only two months since its introduction, MD has successfully attracted RM42 billion in FDI and RM4.76 billion due to increasing domestic direct digital investment (DDI), in which generating 6,000 high-value jobs.
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