NURTURING THE FUTURE OF MALAYSIA

If national schools are where foundations are laid, institutes of higher learning are where these foundations are built into marketable skills in the digital economy. This is the logic behind the launch of the Tech Talent @Institute of Higher Learning (IHL) initiative.

To ensure that future graduates are able to meet the nation’s digital economy demands, the Ministry of Higher Education and MDEC have designated eight universities and five polytechnics as Premier Digital Tech Institutions. These academic institutions are capable of providing students with first-class theoretical and practical training, giving them a head start in the digital ecosystem.

Worldwide eCommerce Sales Figures

Having graduates with marketable skills upon graduation is a key part of our Tech Talent @Institutes of Higher Learning initiative. As such, we’ve came up with two key strategies that’ll help us achieve our goals:

USD 2.3T

WORLDWIDE

USD 1.5T

ASIA PACIFIC

USD 10.6B

SOUTHEAST ASIA

USD 2.4B

MALAYSIA
Source: statista.com, Google Inc

eCommerce Contribution to GDP

In 2017, Malaysia’s eCommerce industry recorded a 14.3% year-on-year growth from 2016. Here are the figures behind Malaysia’s performance in the eCommerce space for 2017.

RM 1.35T

NATIONAL GDP for 2017

RM 247.1B

The Digital GDP contributed 18.3% to the total National GDP

RM 85.8B

The eCommerce GDP contributed 6.3% to the total Digital GDP of Malaysia

Our Strategic Initiatives

In order to further develop Malaysia’s eCommerce ecosystem, we’ve set out key strategic initiatives that would guide us in our actions.

Accelerate seller adoption of e-Commerce
Increase adoption of e-Procurement by businesses
Lift non-tariff barriers
Realign existing economic incentives
Make strategic investments in selected e-Commerce player(s)
Promote national brands to boost cross-border e-Commerce

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