Firstly, to all Muslims, Salam Ramadan.
This year’s spirit is about braving adversity and showing resolve.
Ramadan is a time for reflection and good intentions. Never has there been a time more uncertain than what the world is going through today, and it has made us question our collective priorities and empathy for our fellow human beings. But, it has also been a time to strengthen our resilience.
The whole world has been operating on survival mode, and when the dust of COVID-19 settles, we can be quite sure the world we live in will never be same. MDEC, in carrying out our mandate to lead Malaysia’s digital economy forward, has activated all its platforms and programmes with more gumption than ever before! As the nation deals with the serious challenges of lost jobs, declining revenues, separated families and disrupted education system – MDEC has been doing our best to provide a ‘soft-landing’ to mitigate against some of the negative impact of COVID-19 on the various communities via innovative digital and tech solutions.
With the support of KKMM, we are working diligently to prepare the nation as it rebounds from the COVID-19 imposed slowdown. MDEC has been proactive with the legwork:
1.Training and education – webinars on digital adoption, investment, digital talent, e-Commerce, etc. These very informative online events are meant to upskill and reskill businesses and local talents so they can learn how to diversify and adapt to a post-MCO and COVID-19 world. Do follow the MDEC social media channels closely for the promotions and links to these online events. Most recently, MDEC partnered with online learning platform Coursera to upskill and certify unemployed Malaysians. This is a great chance for Malaysians who are considering career pivots or upgrades within the digital space, with high-quality courses brought to your fingertips as the restrictions in movement continue. Already, we are experiencing heightened interest to access these courses, especially in Data Science, Information Technology and Businesses themed courses. In just 2 weeks since the launch, 5000 unemployed Malaysians have signed up under this initiative. This is as good a time as any for workers to upskill and reskill to benefit from an increased demand for digitally-oriented jobs.
2. Ministry and industry engagements – Digital must be a national agenda, and I have conveyed this to the Prime Minister and the Economic Action Council recently. Following that, I am very happy to report that MDEC has been appointed the focal point for the National Digital Economy Task Force that will be led by KKMM with the support of MOSTI. We have also been engaging the industry, for example the recent digital creative content industry engagement where YBM KKMM was the Guest of Honour. We collaborated with the industry to discuss the on-the-ground issues the sector faces and what to expect from a post COVID-19 era.
3. Business transformation post COVID-19 – The pandemic has forced businesses to either evolve or exit. Businesses are hungry for new ideas of innovation or diversification and the government has committed to support local businesses post the Movement Control Order (MCO). MDEC is gearing up to manage the large demand for digital transformation and ensure that our resources are adequate to support that. Depending on where various entrepreneurs are on their digital journey, MDEC has been training people to familiarise with e-Commerce for instance. The reliance on eCommerce is high now and if an entrepreneur is not digitally enabled, then the business is sub-optimal. Just last week, we conducted the nation’s first and largest e-Dagang expo (eDX) which was held over 5 days, offering 20 webinars and was attended by over 5000 registered participants, garnering more than 65,000 views. We partnered with Shoppee, Lazada, Carousell, Alibaba, Blibli, eBay and more. Entrepreneurs from the SME and MSME sectors could attend classes online to get the latest content to begin digitally enabling businesses as well as onboard with e-commerce, through the introduction to apps and tools. In fact, 97.7% of participants said that eDX has brought positive impact to their businesses. As a business aspiring to break digital barriers, this was a great opportunity to seize and take action to improve.
4. Investment Opportunities Post-COVID – MDEC has initiated a virtual platform recently to bridge local start-ups with global investors. Gobi Partners and MDEC have partnered to launch a pitching competition, called SuperSeed II Championship, for start-ups affected by COVID-19. The winning companies will get the opportunity to secure equity investment from Gobi Partners, or be a potential MDEC grant recipient. I recall investment decisions which used to transpire over chats with start-ups. Recently however, online-matching to accelerate start-ups has gained momentum. Malaysia’s first Digital Accelerator programme, the Alpha Startup Digital Accelerator (ASDA), successfully concluded on 5 May 2020, whittling down 15 finalists to three chosen startups; BlueDuck, Internspoon and Nanobar. Each received US$4,600 (RM20,000) to fulfil their business ideas. The programme was a collaboration between 1337 Ventures and MDEC. In addition to these efforts, MDEC is working intensively to assure the investors that Malaysia is indeed the Heart of Digital ASEAN and a very viable location for investment.
As people ponder on the possibilities of a new normal that will impact the nation and beyond over the coming months, the world hopes that COVID-19 may actually precipitate a better world for all of us. The advantage is that, the digital economy continues to spur jobs and opportunities, as shared above. Step up and take them!
The extraordinary upheaval that is COVID-19, has hits us hard. It is a time to stay safe, calm and civil, but it is not the time to retreat! Look challenges in the eye and boldly fight back, holding on to the strength of your spirit to overcome the odds.
Here’s to a blessed and peaceful Ramadan. Let us all stay positive and remember the values that this holy month espouses, in our on-going journey to try impact positive outcomes on all those around us. Let’s remain strong and resilient, for ourselves and our loved ones, taking positive resolutions in our lives and in our work, as we usher in Syawal this year.
Selamat Hari Raya Aidilfitri.
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