June 26, 2024 | 15:59 (GMT+7)
Malaysia eyes 25.5% GDP contribution from digital economy by late 2025
The digital economy is projected to contribute 25.5% to Malaysia’s Gross Domestic Product (GDP) by the end of next year, up from the current 23%, according to the country’s Digital Minister Gobind Singh Deo.
Talking to the media at the launch ceremony of the MYDINPay e-wallet at Mydin hypermarket on June 25, Gobind expressed optimism in surpassing this target, attributing it to the government’s comprehensive infrastructure preparations, including expanding Internet access to facilitate broader online participation.
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Malaysia's Digital Minister Gobind Singh Deo. (Photo: Bernama) |
The minisiter said the fast-growing digital economy has enormous potential to elevate Malaysia’s position in the global economy and drive national revenue.
He urged other industry players to follow MYDIN’s lead in adapting to and integrating with current economic trends, thereby contributing to the advancement of the country’s digital economy.
Meanwhile, MYDIN managing director Datuk Wira Dr Ameer Ali Mydin said today’s initiative underscores MYDIN’s readiness to embrace the digital era and reinforces the company’s commitment to the rapidly evolving fintech landscape.
Source: VNA