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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.

Troy Martin (pic above), Vice President, APAC for Canvas, Instructure, the SaaS (software as a service) specialist, agreed with the government that this year's Budget is "the Mother of all Budgets," one that complements the nation's 11th Malaysia Plan with TN50 (Transformasi Nasional 2050) to become one of the top global 20 nations in economic development, social advancement and innovation. "The Budget sets the stage for Malaysia to continue its aspirations of a knowledge-based, high-income nation by 2020, to one of the world's top 20 performing nations by 2050. We laud the government's practical allocation especially in the areas of advancing education standards through Science, Technology, Engineering, and Mathematics (STEM), spurred by its TN50 aspirations. We look forward to a vibrant and dynamic education ecosystem, with technology as its catalyst," said Troy Martin, Vice President, APAC for Canvas, Instructure."

"2018's Budget saw an increase of over RM19 billion from last year, bringing this year's allocation to RM280.25. Accordingly, this year's allocation for education increased from RM52.4 billion to RM61.6 billion, twice as high as the Asean average. A further RM250 million was allocated for TN50 education purposes, which include:-

  • Establishment of Science, Technology, Engineering, and Mathematics (STEM) centre
  • Enhancing computer science module including Coding programme
  • Introduction of 21st Century Smart classrooms to enhance creative-based learning and innovative thinking."

Hans-Peter Ressel - CEO of Lazada Malaysia

eCommerce's growth has been called 'explosive' this year. Hans-Peter Ressel (pic above), Chief Executive Officer, Lazada Malaysia, was one of the first eCommerce players to offer comments to Computerworld Malaysia. Naturally, Ressel applauded "the government's continuous efforts in improving Malaysia's eCommerce industry, especially with the allocation of RM 83.5 million ringgit for the first phase of the Digital Free Trade Zone (DFTZ) at KLIA. This is expected to further spur the growth of local Small and Medium Enterprises (SMEs) and attract investments worth up to RM 700 million."

He also pointed out Lazada's role in helping local SMEs grow. "We are committed in supporting our local SMEs and helping them build their eCommerce businesses. Through our #EveryoneCanSell programme, sellers will enjoy full access to eCommerce training, easier business registration, enhanced internet connectivity with online tools and solutions, as well as financial support through loan financing and exclusive merchant accounts. We hope to boost SMEs' capabilities when they capitalise on #EveryoneCanSell's holistic digital ecosystem, so they remain competitive online."

Budget 2018 not only underlines eCommerce as a primary driver towards Malaysia becoming a fully developed digital economy, but also digitalise the country as a whole in preparation for the coming Fourth Industrial Revolution," he said.


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