Digital economy to contribute 25.5 pct to national GDP by 2025

Abdul Latif (seated centre) in a photo with others at the Sarawak Regional MPC Complex today (Sept 27, 2022). Photo: Ukas

KUCHING: The digital economy is expected to contribute 25.5 per cent to the country’s gross domestic product (GDP) by 2025.

According to a Sarawak Public Communications Unit (Ukas) report, Malaysia Productivity Corporation (MPC) director-general Datuk Abdul Latif Abu Seman said the digital economy, infrastructure and productivity are among the important aspects which the government is focusing on under the 12th Malaysia Plan (12MP) 2021-2025.

“The digital economy is the main focus in 12MP to restore the country’s growth beyond the Covid-19 pandemic, thus supporting a high-income economy as early as 2024.


“In addition, according to the 12MP document issued by the Economic Planning Unit (EPU), the contribution of e-commerce activities to GDP is targeted at a rate of 10.5 per cent under the agenda to strengthen the digital economy,” he said.

He said this while officiating at the Regulation Impact Analysis Workshop in conjunction with the ‘Implementation of the Sarawak State Digital Infrastructure Regulatory Efficiency Improvement Project 2022’ at the Sarawak Regional MPC Complex here today.

He explained that to achieve this target, evidence-based policies and regulations or Evidence-Based Policy (EBP) should be encouraged.

“EBP will be implemented in the planning, evaluation, and monitoring mechanism to guarantee a comprehensive structural reform for the sustainability of productivity and economic growth,” he said.

Abdul Latif added that MPC would also focus on change management led by MyDIGITAL Corporation with the cooperation of the Special Taskforce to Facilitate Business (Pemudah), Productivity Nexus, as well as ministries and agencies.

“Through the Productivity Nexus platform, MPC also empowers the industry in implementing national productivity improvement programmes that focus on technology development and digitisation, which is in line with the initiative under the National Policy on Industry4WRD led by the Ministry of International Trade and Industry (Miti),” he explained further.

MPC is a statutory body under Miti which promotes productivity, quality, and competitiveness among industries and organisations in Malaysia.

In the meantime, Sarawak Multimedia Authority (SMA) general manager Dr Zaidi Razak said he greatly appreciates the support and collaboration with MPC to find an efficient solution to strengthen the processes, procedures and governance (PPG) over digital infrastructure, especially in the construction of telecommunication towers in Sarawak.

Therefore, he hoped that this collaboration will continue in the future to produce a positive impact and benefits for the country and the people. — DayakDaily