Many of Malaysia’s Vision 2020 goals to develop into a high-income knowledge economy hinge on its ability to leverage its IT sector strategically and effectively. As is true in all developed countries, the country’s IT backbone undergirds and acts as the foundation for the potential of a wide swathe of other sectors, from services and industry...
New targets have been set to leverage the use of digital technology to drive the country’s economic growth beyond 2020. As the driver of the Digital Malaysia initiative, the Malaysia Digital Economy Corporation (MDeC) is drafting the new targets supported by the initiatives laid out in the 2016 budget. In 2015 ICT-based companies contributed...
With steadily rising per capita income and a modern, increasingly sophisticated and widespread retail sector, Malaysians today have a wider choice than ever when it comes to both consumer products and the channels through which to purchase them.
Crucial to Malaysia’s economic development is the continued transformation of its industrial base into one predicated on high value-added products and driven by innovation, automation and increased productivity. Such a shift is important to ensure the country is well-placed to compete in an increasingly competitive and open global market, a...
An important component of Malaysia’s fast-expanding knowledge economy, the aerospace industry has grown substantially in the nearly 20 years since the government rolled out its first National Aerospace Blueprint (NAB). Characterised today by a robust mix of maintenance, repair and overhaul (MRO) activities and a burgeoning parts assembly and...
Malaysia’s highly competitive automotive sector looks set to battle through another tough year in 2016, as a combination of economic slowdown, ringgit devaluation, the new goods and services tax and a tightening of consumer financing all continue to have an impact.
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