Malaysia Digital Economy Corporation (MDEC) Chief Executive Officer Mahadhir Aziz highlighted that Malaysia’s e-commerce income is anticipated to reach over MYR 1 trillion (USD 227 billion) in 2022, after hitting MYR 1.1 trillion (USD 250 billion) last year. The forecast made by the government agency is in line with the nation’s aspiration to create an MYR 1.65 trillion (USD 375 billion) e-commerce market size by 2025.
Bolstered by the National E-commerce Strategic Roadmap (NESR), Mahadhir said that the country’s e-commerce sector must take advantage of the opportunities available in digitization. He said that digital trade in Malaysia is expected to reap significant benefits through the ratification of the Regional Comprehensive Economic Cooperation Agreement (RCEP), the largest Free Trade Agreement (FTA) in the world. Given the existing momentum, it is important for MDEC to introduce new programs that are broader and cover all aspects.
In addition, MDEC and Meta Malaysia have recently launched #JomCelikDigital Dengan Meta, a digital skill upgrade initiative to assist Malaysians and businesses impacted by the Covid-19 pandemic and to enhance and invigorate the resilience of the nation’s digital economy. Meta Malaysia country director, Nicole Tan, stated that the initiative will introduce four programs to boost digital skills, namely ‘Meta Boost’, ‘Pasar Whatsapp’, ‘Instagram Academy’, and ‘Facebook Blueprint Higher Education Program’. Meta Boost offers a free education program to empower more than 1,000 small and medium enterprises (SMEs) affected by the pandemic, while ‘Pasar Whatsapp’ introduces various applications to digitalize business. #JomCelikDigital Dengan Meta will be implemented in phases starting April 14.
(Sources: The Edge Markets; Daily Express)