Malaysia creates digital investment office

Malaysia prepares for the fourth industrial revolution

Malaysia is setting up a new government entity to support the digital economy and the digitisation of businesses and administrative processes in the country.

The National Council of Digital Economy and Fourth Industrial Revolution, chaired by Malaysian Prime Minister Muhyiddin Yassin, has endorsed the establishment of a new entity, the Digital Investment Office (DIO), to facilitate digital investments in Malaysia.

The DIO is a fully-digital collaborative platform between the Malaysian Investment Development Authority and the Malaysia Digital Economy Corporation to coordinate and facilitate all digital investments, the latter institution said in a statement.

The objective was “to create awareness on digital investments in the country” and to strengthen the coordination among all investment promotion agencies in promoting and attracting new investments in this fast-growing industry, it said.

“Engine of future growth”

“The digital economy is the engine of future growth for Malaysia,” said Mohamed Azmin Ali, minister of international trade and industry.

“The setting up of the DIO is indeed timely in line with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, as it will create a unique value proposition for upcoming digital investments,” he added.

Arham Abdul Rahman, chief executive officer of the Malaysian Investment Development Authority, reiterated the ministry’s commitment to facilitate quality investments into the country, including digital investments.

“Our agency looks forward to accelerate the growth of digital investments, which will indirectly develop more highly-skilled local professionals and groom digital global champions,” he said, adding that the DIO would be a single point of contact for investors in Malaysia’s digital economy.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Malaysia prepares for the fourth industrial revolution Malaysia is setting up a new government entity to support the digital economy and the digitisation of businesses and administrative processes in the country. The National Council of Digital Economy and Fourth Industrial Revolution, chaired by Malaysian Prime Minister Muhyiddin Yassin, has endorsed the establishment of a new entity, the Digital Investment Office (DIO), to facilitate digital investments in Malaysia. The DIO is a fully-digital collaborative platform between the Malaysian Investment Development Authority and the Malaysia Digital Economy Corporation to coordinate and facilitate all digital investments, the latter institution said in a statement. The...

Malaysia prepares for the fourth industrial revolution

Malaysia is setting up a new government entity to support the digital economy and the digitisation of businesses and administrative processes in the country.

The National Council of Digital Economy and Fourth Industrial Revolution, chaired by Malaysian Prime Minister Muhyiddin Yassin, has endorsed the establishment of a new entity, the Digital Investment Office (DIO), to facilitate digital investments in Malaysia.

The DIO is a fully-digital collaborative platform between the Malaysian Investment Development Authority and the Malaysia Digital Economy Corporation to coordinate and facilitate all digital investments, the latter institution said in a statement.

The objective was “to create awareness on digital investments in the country” and to strengthen the coordination among all investment promotion agencies in promoting and attracting new investments in this fast-growing industry, it said.

“Engine of future growth”

“The digital economy is the engine of future growth for Malaysia,” said Mohamed Azmin Ali, minister of international trade and industry.

“The setting up of the DIO is indeed timely in line with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, as it will create a unique value proposition for upcoming digital investments,” he added.

Arham Abdul Rahman, chief executive officer of the Malaysian Investment Development Authority, reiterated the ministry’s commitment to facilitate quality investments into the country, including digital investments.

“Our agency looks forward to accelerate the growth of digital investments, which will indirectly develop more highly-skilled local professionals and groom digital global champions,” he said, adding that the DIO would be a single point of contact for investors in Malaysia’s digital economy.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply