KUALA LUMPUR: Digital investments approved by the Digital Investment Office for 2021 to 2025 have more than doubled the target, with RM161.97 billion from 2021 to March 2024, said Malaysian Investment Development Authority (Mida) deputy CEO (investment promotion and facilitation) Sivasuriyamoorthy Sundara Raja
He said Malaysia had set a RM70 billion digitalisation investment target by 2025 as part of the Malaysia Digital Economy Blueprint.
“The foundations of this growth were laid in 2021 with the unveiling of the Malaysia Digital Economy Blueprint and the establishment of the Digital Investment Office, charged with smoothing the way for more investment in the digital economy,” he said in his keynote address at Asean Business Forum 2024 today.
Sivasuriyamoorthy, a long-time advocate of Asean unity, said Malaysia will leverage its diplomatic influence to deepen economic ties within the region and strengthen partnerships with key global player.
“Our approaches toward economic integration in our respective regions have been different, owing to our differing historical evolution, regional context, and motivation
Within Southeast Asia, he said, Malaysia wants to build a single digital community that is vibrant and attractive. “The Asean Digital Masterplan 2025 describes eight outcomes from connected infrastructure to trusted digital services, and these are steps 10 to reinvent our region into a leading digital economic bloc.
Sivasuriyamoorthy said sustainability is another area presenting new economic opportunities for Malaysia and Asean. Looking to the future, he said Malaysia will continue to leverage on its own and other Asean member nations to tap on the growing opportunities. “Ultimately, our willingness to build strong partnerships and cooperate in mutually beneficial areas will help us to build an open marketplace in every aspects of economy,” he added
