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MDeC announces MSC Malaysia Phase 3

AvantiKumar | April 22, 2011
Malaysian government ICT agency MDeC expects to increase ICT revenue contribution to almost US$14 billion by 2015.

MDeC announces Phase 3 of MSC Malaysia

PHOTO - (From Left to Right) Vijayaratnam Tharumartnam,  Director of Corporate Communications, MDeC; Datuk Badlisham Ghazali, Chief Executive Officer of MDeC; Ng Wan Peng, Chief Operating Officer of MDeC at MSC Malaysia Phase 3 Press Conference.

KUALA LUMPUR, 22 APRIL 2011 - Malaysian government ICT agency Multimedia Development Corporation (MDeC) expects to increase ICT revenue contribution to RM42 billion [almost US$14 billion] by 2015 as part of the next phase of MSC [Multimedia Supercorridor] Malaysia initiative.

MDeC chief executive officer Datuk Badlisham Ghazali said the MSC Malaysia Phase 3 is expected to run from 2011 to 2020 and will play a key role in the country's aim to be a high-value economy. "We are very confident going forward into MSC Malaysia Phase 3 as we more than met our targets in Phase 2. Where Phase 2 was about creating economies of scale, Phase 3 is focused on empowering the Rakyat [nation], further enabling the Government and enhancing the ICT sector towards achieving the goal of an innovative, high-income and developed nation by 2020 in line with the New Economic Model (NEM)."

"We want ICT to be more pervasive with a wider economic footprint.  Our strategies in the three main clusters (Creative Multimedia, Shared Services Outsourcing and Infotech) have been realigned to put stronger emphasis on wealth creation and high-value investments," said Badlisham.

He said the first four years of the  MSC Malaysia Phase 3 plan, which would concurrently with the 10th Malaysia Plan, should include the following achievements by the end of 2015:  21 per cent of increase in GDP [gross domestic [product] contribution to RM42 billion [almost US$14 billion],  37 per cent increase in revenue, to RM142 billion [US$47 billion], a 75 per cent increase in exports to RM58 billion [US$19.2 billion] as well as a  47 per cent increase in job creation to 160,00 jobs."

"As a cornerstone of our country's journey towards achieving a fully developed high-income economy by 2020, Malaysia's ICT industry is not just expected to be an enabler," added Badlisham. "ICT has to be a key driver of the economy."

 Talent and job creation

Badlisham said that the MSC Phase 3 initiatives' outcomes of increasing GDP contribution; achieving higher exports and revenue growth, included especial focus on accelerating talent and job creation from within the ICT industry.  "Other core initiatives under MSC Malaysia Phase 3 include the establishment of two new Cybercities each year and completing the Innovative Digital Economy framework by the second half of this year."

"Some of the key initiatives include new capability development programmes that focus on market access, the development of a strong ecosystem for IP [intellectual property] creation and commercialisation and the rollout of more E-Government value added services," he said. "There will also be a great focus on the infusion of ICT across all sectors of the economy especially among SMEs [small and medium enterprises] and other areas of business which have yet to fully tap into the potential advantages that ICT brings."


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