Malaysia targets 22.6pct GDP boost from digital economy by 2025

KUALA LUMPUR (NSTP): The digital economy is expected to contribute 22.6 percent to the country’s gross domestic product (GDP) by the year 2025.

This is the target set by the country following the launching of MyDigital — the Malaysia Digital Economy Blueprint – by Prime Minister Tan Sri Muhyiddin Yassin during a virtual ceremony today.

Muhyiddin said the plan also aimed to create and provide 500,000 job opportunities in the digital economy.

“The government also encourages 875,000 micro, small and medium enterprises to accept the use of e-commerce.

“In addition, these initiatives under the auspices of MyDigital also serve as catalysts for 5,000 start-up companies to begin their operations in the next five years.

“These initiatives will be the starting point to attract new investments worth RM70 billion in the digital sector, from within and outside the country,” he said in his speech at the virtual launching ceremony.

The government, he said, was also targeting for the level of productivity of the economic sector to increase by 30 percent higher than what that has been achieved today, by 2030.

“For the public sector, all agencies will provide cashless transaction facilities as the main option by next year,” he said. -SOURCE: NSTP

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