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The industry reacts: How will Budget 2018 change Malaysia’s IT industry?

AvantiKumar | Nov. 2, 2017
Budget 2018 Special includes leaders from MDEC, IDC, PIKOM, MaGIC, Gartner, Accenture, DHL Express, AJ Pharma, OutSystems, Trend Micro, 3M, iMoney, Cisco, CA Technologies, Microsoft, Lazada, 11Street, and Canvas Instructure.

Selvam Ramaraj - Executive Director, AJ Pharma Holding

Selvam Ramaraj (pic above), who is a member of the Board and Executive Director of AJ Pharma Holding, a healthcare investment holding company in Malaysia, welcomed the investments in healthcare and technology as "the best way to drive our aspiration of providing access to affordable and quality healthcare for all. Investments to spur the medical tourism industry that also incentivise industry players to obtain quality accreditation and certification from authorised bodies will cement the credibility of our healthcare service providers, and establish medical tourism as a significant revenue contributor for the nation."

"Furthermore, the government's allocation of RM27 billion towards quality public healthcare services will spur the nation's progress towards a better, more efficient and equitable universal healthcare system," Ramaraj continued. "The comprehensive focus on enhancing medical supplies, upgrading medical facilities and infrastructure across the country, investing in the latest medical equipment, boosting healthcare service delivery and creating a medical aid fund for underserved communities are positive steps in revitalising our public healthcare sector. Beyond medical interventions, we laud the government's allocation of RM30 million for the Healthy Community Nation Empowerment fund."

"Furthermore, we are pleased with the government's allocations such as RM50 million for haemodialysis assistance and RM10 million for the treatment of rare diseases as this will encourage the industry to sustain and pursue further investments," he said.

Param Nair - 3M Malaysia MD

Parameswaran Nair (pic above), Managing Director of 3M Malaysia (pic above), a company especially focused on infrastructure development in the country, believes the Malaysian government's acknowledgement that Malaysia must advance its economy as we enter into the fourth industrial revolution is critical. "Through the inculcation of knowledge, high skills, expertise, creativity and innovation. The RM46 billion allocated for the nation's development will set the path for the Sixth Thrust to gear Malaysia for the new industrial revolution and digital economy, and as such we hope that the Malaysian government will work more closely with the private sector to identify the most effective means of achieving such growth.

"In addition, the demand for innovative technologies will also allow Malaysian manufacturers and businesses to move to higher bands of their respective industries. At the same time, the growth of Malaysia's middle-income segment will further strengthen the demand for high quality consumer products," said Nair. "As an advanced developing nation which retains one of ASEAN's leading economies, Malaysia continues to be a key growth market for 3M."

Troy Martin [hi res] - Vice President, APAC for Canvas, Instructure


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