Malaysia's e-commerce income rises 23% in first nine months of 2021. [Newspaper] (2021)
Abstract
KUALA LUMPUR (Dec 3): Malaysia’s digital economy growth is gaining traction with e-commerce income rising close to US190 billion, an increase of 23%, for the first nine months of this year (9M21), compared to the same period last year.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said digitalisation has always been of strategic importance to Malaysia as it seeks inclusive and sustainable economic growth.
In 2020, Malaysia's digital economy made up 22% of gross domestic product and is expected to generate around 500,000 jobs by 2025.
“So we are approaching digitalisation strategically, we have collaboration with the private sector, incentivising people to go digital as well as providing grants and assistance to smaller businesses so that they can benefit from e-payments and expand their customer reach on e-platforms,” he said in a virtual Infinity Forum on the Bloomberg terminal.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Digital economy, Electronic commerce, Economy growth, National digital network plan |
| Taxonomy: | By Subject > Business & Management > Economics By Subject > Computer & Mathematical Sciences > Information Technology By Subject > Business & Management > Marketing |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Mohd Aizat Abd Halim (Seremban) |
| Date Deposited: | 21 Feb 2022 23:36 |
| Last Modified: | 22 Feb 2022 08:42 |
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