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Boost For Nation's Digital Economy
Source: http://www.nst.com.my/nation/general/boost-for-nation-s-digital-economy-1.154857
Source Date: Wednesday, October 10, 2012
Focus: Knowledge Management in Government
Country: Malaysia
Created: Oct 09, 2012

PUTRAJAYA: MALAYSIA has mapped out six new initiatives to drive the Digital Malaysia Programme, which is tailored to increase the information and communications technology sector's contribution to the country's revenue.
Prime Minister Datuk Seri Najib Razak said they would be anchored on the three key strategic thrusts of Digital Malaysia, dubbed as "game changers".

This will move Malaysia from being supply to demand focused, shift behaviours from being consumption to production-centric and evolve the country into a high knowledge-added nation.

Encompassing an ecosystem that promotes the pervasive use of ICT in all aspects of the economy, the initiatives promise real-time interactions that will result in increased Gross National Income, enhanced productivity and improved standard of living.

Speaking at the 24th MSC Malaysia Implementation Council Meeting and 15th MSC Malaysia International Advisory Panel, Najib said while Malaysia was still a new and comparatively small entrant to the global digital economy, the country was confident of its formulated strategies that would help advance it with other developed nations.

The new initiatives would focus, among others, on tapping demand for digital products and services, and increasing citizen income and unlocking entrepreneurship potential for the bottom 40 per cent (B40) of the community.

Najib, who chaired the meetings, said the country needed to create effective and efficient production and marketing channels for Malaysian companies to grow their domestic and global reach.

"I approve the 'Silicon Valley Comes to Malaysia 2', and also a programme to attract two ICT Accelerators which will co-invest and speed up the development of local entrepreneurs, by offering advice, mentorship and practical training."

He said with an estimated 2.4 million households living on an average monthly income of RM1,440, there was a strong need to enhance digital entrepreneurial skills of underprivileged communities, to help them develop new sources of income and improve their quality of life.

Najib, who is also finance minister, said in enhancing small and medium-enterprises' productivity and competitiveness while increasing their contribution to the Gross Domestic Product, five new programmes would be introduced to push them towards becoming regional and global players.
To facilitate this, Najib said the MSC Corp had been instructed to start a "breakout strategy" to make it easier for the estimated 77 per cent of the country's micro SMEs to adopt IT.

Later, at a press conference, Najib said the meeting also discussed "Spectrum Allocation", which he said could be a new way of disbursing allocations, by opening up more opportunities through partnerships with the private sector.
From the discussions yesterday, he said there were significant opportunities in the field of talent, entrepreneurship and commerce that could drive the economy of the future, if the right investments in people and technologies were made.

Najib said with plans already in place, the time had come to ensure greater inclusiveness of Digital Malaysia's stakeholders.

"Government, industries and our community must now work together to harness opportunities that the digital economy has to offer.

"It is imperative that we lend our voices and take the necessary action to drive the actualisation of a digital economy, which can spur Malaysia's transformation."

Najib also said the Digital Malaysia Programme was reaching its target of increasing the country's Gross National Income to 17 per cent, creating 160,000 high-value jobs.
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