Tech leaders weigh in on how Malaysia’s Budget will impact transformation

Malaysia’s proposed Budget 2021 has drawn a cautious welcome from tech industry leaders hoping for stronger digital economy measures to cut a recovery path into the new year. At RM322.5 (US$78.15) billion, Budget 2021 is the largest budget in Malaysian history and comes at a critical time in the nation’s recovery process. Among government agencies with a finger on the country’s digital agenda, Malaysia Digital Economy Corporation (MDEC) has led the charge for almost three decades. “I believe this is now the time for businesses to embrace the opportunity to pivot and scale operations with digital technology. “Digital transformation is essentially about creating new business models whereby technology enhances existing ones to be more efficient and productivity, resulting in cost-savings and new revenue streams,” said Catherine.

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