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MSC Malaysia exports increase by 19 percent

AvantiKumar | Sept. 20, 2011
MDeC: Exports increase to US$1.36 billion in first half of 2011

Datuk Badlisham Ghazali, MDeC CEO

PHOTO - Datuk Badlisham Ghazali, MDeC CEO.

Exports from MSC (Multimedia Supercorridor) Malaysia companies have increased by 19 percent to RM4.25 billion (US$1.36 billion) in the first half of 2011, said government ICT agency Multimedia Development Corporation (MDeC), which manages the MSC Malaysia ICT initiative.

In the period from January to June 2010, the export figure was RM3.57 billion (US$1.14 billion), said MDeC chief executive officer Datuk Badlisham Ghazali.

"More than half of the exports were attributed to MSC Malaysia companies in Global Services, which comprises of various shared services and outsourcing activities ranging from Business Process Outsourcing (BPO), IT Outsourcing (ITO) to Knowledge Process Outsourcing (KPO)," said Badlisham. "The rest were derived from sales of goods and/or services by MSC Malaysia companies in the INFOTECH and Creative Multimedia clusters."

"The consistent increase in exports is proof that we are on the right track towards achieving net exporter status," he said. "Several global think tanks have recognised Malaysia's growing competitiveness as a vibrant ICT hub, and our resolve is to ensure that we have the right initiatives in place for MSC Malaysia to continuously flourish on a global scale."

Badlisham added that earlier this year, MDeC launched the third and final phase of MSC Malaysia, which earmarked ICT as one of the key drivers in realising the high-value economy. "With Malaysia making its way towards becoming a global hub for ICT solutions and services, MDeC targets a total of RM42 billion [US$13.47 billion] GDP [gross domestic product] contributions for the period of 2011-2015."

"Malaysia has been considered as one of the top Asian countries in terms of ICT exports," he said. "A 2011 report by the United Nations Conference on Trade and Development (UNCTAD) has ranked Malaysia eighth among global economies in terms of ICT exports. AT Kearney's Global Services Location Index has also consistently placed Malaysia as the third most preferred destination for outsourcing after India and China."


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