KUALA LUMPUR, April 30 (NNN-Bernama) — Malaysia Digital Economy Corporation (MDEC) is accelerating plans to attract high-value digital Global Business Services (GBS).<\/p>\n\n\n\n
Raymond Siva, senior vice-president, investment and brand, and chief marketing officer, said GBS market size in Malaysia is expected to grow from US$1.3 billion in 2019 to US$1.5 billion by end-2024.<\/p>\n\n\n\n
\u201cOn that account, we are in a position of strength to bring more foreign direct investment (FDI) to this sector,\u201d he said.<\/p>\n\n\n\n
MSC Malaysia currently counts 579 active GBS companies within its fold, with 57 per cent being FDI, he said in a statement, Friday.<\/p>\n\n\n\n
Established by the government to accelerate the growth of the country\u2019s digital economy, the MSC Malaysia status provides eligible ICT-related businesses, both local and foreign, with a wide range of incentives, rights and privileges to promote continued growth.<\/p>\n\n\n\n
MSC Malaysia was formerly known as the Multimedia Super Corridor, and known as the MSC in Malaysia. Since its inception in 1996, the MSC Malaysia programme has managed to drive the country\u2019s digital economy to new heights.<\/p>\n\n\n\n
Siva said although the number of active GBS companies accounts for about 20 per cent of the total number of active MSC Malaysia companies, GBS is the largest contributor to MSC Malaysia\u2019s performance, adding up to 50 per cent of investments, 66 per cent of exports and 61 per cent of jobs created.<\/p>\n\n\n\n
“Besides, the government\u2019s commitment to improving digital infrastructure and providing a pipeline of digitally-ready workforce allows us to reinvent ourselves as the preferred location for high-value GBS such as Robotic Process Automation (RPA) Analysis, Artificial Intelligence (AI) and Data-led processing and Cybersecurity.<\/p>\n\n\n\n
\u201cThe role of digital technology and services is evident, especially following the outbreak of the COVID-19 pandemic which has led to further acceleration of digitalisation and accentuate GBS as a key pillar for an organisation\u2019s resilience and agility.<\/p>\n\n\n\n
\u201cMany organisations are relying on GBS to help them explore and deliver innovation, automation, advanced services, and new ways of working,\u201d he said, adding that the new scope of BGS now includes finance, information technology, human resource, and procurement.<\/p>\n\n\n\n
Furthermore, he said the government\u2019s support outlined in the Malaysia Digital Economy Blueprint (MyDIGITAL) through various phases until 2030 to drive the country\u2019s high value-added economy and to become a net exporter of home-grown technologies and digital solutions will complement the rest of the national digital economy development initiatives such as the country\u2019s GBS sector in the coming years.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, April 30 (NNN-Bernama) — Malaysia Digital Economy Corporation (MDEC) is accelerating plans to attract high-value digital Global Business Services (GBS). Raymond Siva, senior vice-president, investment and brand, and chief marketing officer, said GBS market size in Malaysia is expected to grow from US$1.3 billion in 2019 to US$1.5 billion by end-2024. \u201cOn that […]<\/p>\n","protected":false},"author":17,"featured_media":27689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/120755"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120755"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/120755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/27689"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120755"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}