Malaysia’s journey to being a digital hub
Malaysia Digital, launched in July 2022, aims to establish Malaysia as the digital hub of ASEAN. Two Malaysian Digital Catalytic Programs were introduced to support the initiative to accelerate the growth of the nation’s digital economy.
The first, DE Rantau, hopes to boost digital adoption, promote professional mobility, and drive tourism. The second, Digital Trade, aims to drive interoperability, increase harmonisation of standards and regulatory approaches, and facilitate domestic and international trade.
Malaysia faces several challenges to its efforts. Despite the programmes put in place, overall digital adoption rates beyond basic front-end technology are relatively low. Only 15% of Malaysian companies use online platforms to export products. This, along with digital trade restrictions and the lack of digital literacy among smaller enterprises, could hinder the expansion of digital trade.
How can Malaysia overcome challenges to strengthen digital trade and digitisation?
For media enquiries, please contact:
Manager, Group Marketing Communications
Spire Research and Consulting
Phone: (65) 6838 5355