Categories: industry, people

MDEC expects 20% e-commerce growth contribution to digital economy this year

KUALA LUMPUR (June 12): The Malaysian Digital Economy Corporation (MDEC) is expecting a 20% growth in e-commerce contribution to the digital economy this year despite the enforced Movement Control Order (MCO) to contain the spread of Covid-19.

In a statement, it said the projected growth could be achieved through the active intervention of various ecosystem partners via ongoing initiatives and MDEC potentially see the expected contribution to gross domestic product (GDP) to go up to as high as RM170 billion for 2020.

“To the people, businesses and communities that are looking forward to further support within the digital space, I encourage you to step up and take this opportunity, regardless of your background and nature of the business to be part of this digital ecosystem as the nation recovers from this pandemic.

“PENJANA is that much-needed boost to restore incomes, lifestyles and provides assistance for us to overcome the current challenges and look firmly to the future,” said MDEC’s chief executive officer Surina Shukri.

Read more at The Edge Markets…