Video surveillance solutions provider Axis Communications, Malaysia country manager, Nafis Jasmani said the company was heartened to see that improving public safety continues to be a main focus of the government's agenda under the National Key Result Areas (NKRA).
"The Malaysian government has allocated RM4.6 billion for the development of the security sector, more specifically, RM591 million to beef up public security by installing additional 496 units of Closed Circuit Televisions (CCTV) in 25 local authorities and equipping the police force with modern technology and state-of-the-art equipment. This will encourage enforcement officers to react and respond to crime issues more effectively and efficiently," said Jasmani, adding that the tax deduction on the installation of security control equipment has not been brought forward to the same year but that this incentive has been extended to housing developers.
"By 2016, network camera sales are forecast to account for approximately 60 percent of total worldwide surveillance camera sales, compared to approximately 40 percent in 2011, according to IMS Research," he said.
E-commerce firm Rakuten Online Shopping's president and chief executive officer Masaya Ueno said the Budget reaffirmed the Japanese company's investment in Malaysia. "The initiatives and development plans announced would potentially contribute to an exciting environment for the development of e-commerce in Malaysia."
"Rakuten applauds the fund under the SME Development Scheme to intensify the growth and development of small & medium enterprises (SMEs), which form a huge segment of business in Malaysia. To this end, there is a strong potential to help SMEs in Malaysia grow by bringing their businesses online," said Ueno.
"Interestingly, the allocation under the Get Malaysian Business Online Programme (GMBO) aimed at assisting 50,000 entrepreneurs particularly women stands out," he said. "This would encourage more companies to take their businesses online and utilise e-commerce as a tool in growing their businesses.
"Symantec's June 2012 Intelligence Report had shown that cyber criminals are indeed shifting their targets to smaller businesses as they tend to be more vulnerable due to lack of resources," said Symantec Malaysia's Ong. "Symantec hopes that the provision of additional funding and advisory services will allow SMEs to invest in protecting their infrastructure and interactions on the Internet, recruit the necessary talent for maintaining their IT environments, and increase the awareness on cyber threat trends and strengthen online strategies through the advisory services."
Intel Malaysia's country director, sales & marketing, Prakash Mallya, said: "While the budget was well-balanced and disciplined, Intel would have liked to see a more focused approach in allocation for ICT initiatives - taking into consideration that Malaysia's ranking in global competitiveness has dropped four notches to 25th, according to the recent WEF Global Competitiveness Report. Intel believes that ICT is the catalyst to propel the country's economic growth."
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