Wooing Investors and Boosting Domestic Ecosystem

The Malaysian economy is currently in a state of transition. Over the years, the country has made efforts to move away from its reliance on exports of raw materials and manufacturing and shift towards a more diversified and knowledge-based economy.

To achieve this, the Malaysian government has introduced Malaysia Digital (MD) as the new national strategic initiative to encourage and attract companies, talents and investment while enabling Malaysian businesses and Rakyat to play a leading part in the global digital revolution and digital economy. 

The fast-evolving landscape of today's digital economy warrants a new strategy to remain relevant, resilient and continuously ready to bolster the country's economic growth. 

Driven by the Ministry of Communications and Multimedia (K-KOMM) through Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency, MD is the initiative to succeed MSC Malaysia, which has served to transform Malaysia into a knowledge-based economy since 1996. 

The new initiative seeks to transform the nation’s digital capabilities and boost the digital economy with a new and enhanced framework.

The initiative creates substantial digital economic spill-over through equitable access to digital tools, knowledge and income opportunities nationwide. 
 
It also serves as the engine that accelerates the growth of the country's ecosystem within the nine (9) focus areas; and drives digital adoption and opportunities in digital economy via the Malaysia Digital Catalytic Programmes (PEMANGKIN) and other competitive offerings.

Malaysia Digital’s inclusive approach aims to harmonise the growing Demand of digital solutions with a steady Supply of products and services whilst continuing to strengthen the Enablers such as talents, infrastructure and regulations.
 
As digital technology continues to evolve, a robust digital economy ecosystem is represented by the dynamic relationship between Demand, Supply and Enablers. 

From the growing Demand of digital solutions, steady Supply of product and services, as well as support by Enablers such as talents, infrastructure and regulations, Malaysia Digital’s inclusive approach aims to harmonise these components to ensure a thriving and sustainable digital economy ecosystem. 

Malaysia Digital is bolstered by three key considerations – Flexibility, Agility, and Relevance – which will pave the way for the nation’s ongoing and future efforts and add more PEMANGKIN to meet the needs and demands of the future as we step into tomorrow’s digital frontier, today.