16 March 2018 – MALAYSIA strides towards building a strong Digital Economy in Asean, attracting multinational companies (MNCs) and other global businesses in the services and technology
sector.

The adoption of emerging technologies is the key driver in future economic growth, as the country moves from a manufacturing and agriculture-based economy to one that is highly service-oriented and technology driven.

Malaysia ’s gross domestic product (GDP) figures underscore a trend where the economy is becoming healthier, with growth becoming more broad-based across sectors amid a firm trajectory.

The traditional businesses like oil and gas (O&G), supply chain management, engineering and construction are evolving and sectors such as Internet of Things, Robotics, Big Data Analytics, Artificial Intelligence, Financial technology and E-commerce are seen booming in recent years.

Whether it is the O&G, engineering, FMCG, or the aerospace industry, the focus now is all on digital and innovative services, high tech and Industry 4.0. The emphasis on digital projects is the key focus during the 4th Industry Revolution which signifies Malaysia’s movement towards a strong digitally-driven economy.

Under Malaysia’s National e-Commerce Strategic Roadmap, headed by the International Trade and Industry Ministry, the government aims for e-commerce to contribute 20.8 per cent to the gross domestic product (GDP) by 2020 from 18.2 per cent. To expedite this, the National Industry 4.0 Policy Framework will be launched soon this year.