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Old July 3rd, 2019, 06:51 PM   #1
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Malaysia's Digital Economy: A New Driver of Development



For Malaysia to continue progressing in its development path, the digital economy is poised to be the new driver of development. However, businesses in Malaysia have adopted digital technologies less readily than the government and population.
  • Rapid growth in basic digital adoption has contributed to a new digital divide where Malaysia lags behind international peers in digital adoption by businesses.
  • Only 62% of businesses are connected to the Internet, 46% has fixed broadband (often of low quality) and 18% have a web presence of some kind.
  • Large export-oriented firms dominate the digital economy as they adopt e-commerce at higher rates than SMEs.
  • Most of the digital economy’s measurable growth has been concentrated in the manufacturing sector of urbanized states.
  • For the country to ensure that growth in the digital economy is broad-based and sustainable, key barriers related to digital connectivity, entrepreneurship and taxation need to be addressed.

Digital connectivity:

Ensuring that Malaysia’s digital infrastructure provides consistent, reliable and ultra-fast broadband service is key to unlocking the potential of the digital economy.
  • Malaysia lags in the coverage and adoption of fixed broadband services.
  • Lack of market competition has also led to high prices, low coverage, and limited ambitions for fixed broadband in Malaysia.
  • Telekom Malaysia controls 92% of fixed broadband subscriptions, making the market more concentrated than that of ASEAN or OECD countries.
  • Policy objectives for Malaysia’s digital infrastructure are two-fold:
    - Enhance the quality and affordability of broadband services
    - Improve access to ultra-fast broadband networks

SOURCE: https://www.worldbank.org/en/country...of-development

Quote:
The Dynamic Digital Economy
In 1996, the Malaysian Government established the Multimedia Development Corporation (MDeC) to manage the Multimedia Super Corridor (MSC) Malaysia, a national initiative to promote both the nation’s Information and Communications Technology (ICT) industry, as well as provide a test-bed for the global ICT industry. Two decades forward, we can proudly claim:



The Digital Economy refers to the actions taken by both the private and public sector to adopt and utilise digital technologies to communicate with the people, deliver goods and services and meet other core functions to raise productivity, revenue and incomes. Today, it’s estimated that the Digital Economy is worth USD3 trillion. Digital is not part of the economy, it IS the economy. In Malaysia, the government is targeting a 22% contribution from the Digital Economy to the country’s Gross Domestic Product (GDP).
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Old July 3rd, 2019, 06:57 PM   #2
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MDEC @CYBERJAYA

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Old July 3rd, 2019, 06:57 PM   #3
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Sabah's digital infrastructure master plan to focus on three sectors
Bernama July 03, 2019 17:41 pm +08

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KOTA KINABALU (July 3): The Sabah government will draw up a digital infrastructure development master plan that will focus on three main sectors, comprising industry, tourism and education.

State Education and Innovation Minister, Datuk Dr Yusof Yacob, said currently, Sabah does not have such a master plan to the extent of causing limited digital connectivity, besides not having a clear direction in digital infrastructure development.

"This master plan is vital in the effort to develop digital infrastructure in Sabah, to enable the state to have better digital connectivity.

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“This effort will also ensure that Sabah does not lag behind in development, as well as [in] economic growth,” he said when met by reporters at the Sabah Educators’ Jalinan Mesra Hari Raya event today.

Yusof said his ministry was also drawing up a human resource development master plan to see the human resource needs in Sabah, including in its public service and industrial sectors, as such a plan had never been wholly implemented in the state.

"We need to plan, including the higher education level, as we want to train the people of Sabah towards meeting its human resource needs,” he added.

On today’s Aidilfitri celebration which was also attended by state Education director Mistirine Radin, Yusof said it was also a platform for strengthening cooperation and understanding among educators in Sabah, towards achieving the objective of producing a knowledgeable and highly-skilled human capital. — Bernama
https://www.theedgemarkets.com/artic...-three-sectors
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Old July 8th, 2019, 05:14 PM   #4
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Malaysia must buckle up in adopting IR 4.0 — industry consultant
Bernama July 08, 2019 19:43 pm +08


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KUALA LUMPUR (July 8): Malaysia is in a strong position to capture opportunities derived from Industrial Revolution (IR) 4.0, but it must buckle up to push for the digital transformation of the nations’ manufacturing services, said an industry consultant.

Lean Smart Industry Solutions PLT founder Dr Azlan Nithia said technological changes were vast in applications and could be complex, hence, a concerted effort must be taken to rally the manufacturing industry players together.

“We also must drive the conversation and awareness to the technological developments and opportunities, share knowledge and experiences to create a justifiable return of investment, so that our nation will capture the leadership position that is available to us and not being left out,” he said in a statement today.

He also warned that the failure to transform quickly and adopt IR 4.0 would result in losing the country’s economic stake and opportunity.

According to the World Economic Forum (WEF) ‘Readiness for the Future of Production Report’, Malaysia is among 25 countries assessed to be in the best position to benefit from the changing nature of production.

The report is assessing how well-positioned global economies are to shape and benefit from changes in the production driven by the Fourth Industrial Revolution (IR 4.0).

Meanwhile, Lean Smart, an advanced and smart manufacturing training provider, is organising International Smart Manufacturing 4.0 Conference (ISMC2019) from Sept 18-20, this year.

The three-day conference will discuss various readiness challenges faced by the manufacturing industries in Malaysia and will feature policy, expert, research and case study presentations by distinguished speakers and panellists. — Bernama
https://www.theedgemarkets.com/artic...try-consultant
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Old July 8th, 2019, 05:20 PM   #5
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Sarawak can be on par with developed countries in digital journey — Abang Jo
Bernama July 08, 2019 18:42 pm +08
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KUCHING (July 8): Sarawak cannot afford to be left behind in terms of digital technology adoption and digital economic growth, which can very well benefit the people, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

In fact, he said Sarawak could also be on the same par with developed countries in this digital journey which saw the world experiencing more intricate and complex technological terms, including 5G telecommunications, Internet of Things (IoT), Artificial Intelligence (AI), Voice Recognition, Virtual and Augmented Reality (VR/AR).

“Either we push ahead in new research areas or we will be always a follower without being able to bring much progress to our people and country,” he said in the opening address at the official launch of International Digital Economy Conference Sarawak 2019 (IDECS) here today.

Elaborating further, Abang Johari said there were so many other benefits of this digital economy, which almost every country in this world is forgoing into, and Sarawak had even charted its strategies and action plans which were currently in the early stage of implementation.

“Some of our early initiatives to implement our digital economy strategies are in digital government, manufacturing, smart city, tourism, agriculture and e-commerce.

“As for the digital government initiative, an online identification and authentication system known as ‘Sarawak ID’ has been implemented to enable the public to access and use the various online services or application systems of the Sarawak government,” he said.

The chief minister said as of July 1, the number of Sarawak ID registered users stood at 208,644 with 20 government services had been made accessible online.

On IDECS, Abang Johari said this was the third edition of the conference and involved 2,300 delegates from all around the world.

“To accelerate further our journey, we are partnering with top international digital technology players and I am glad that, tomorrow, there will be 10 Memorandum of Understanding (MOU) exchanges between Sarawak Multimedia Authority (SMA) and various international partners relating to Sarawak Digital Economy.

“There will also be one joint venture agreement (JVA) exchange between SACOFA and Datastream Technology Sdn Bhd (DST) of Brunei Darussalam, relating to providing high-speed retail internet services in Sarawak, and one MOU exchange between SACOFA and XPERANTI on partnership for the provision of IoT Solutions in Sarawak,” he added. — Bernama
https://www.theedgemarkets.com/artic...80%94-abang-jo
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Old July 10th, 2019, 03:20 PM   #6
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Sarawak, Brunei to explore digital connectivity, collaboration
Bernama July 10, 2019 00:56 am +08
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KUCHING (July 9): Sarawak will explore the possibility of using the digital gateway in neighbouring Brunei, to link with the state’s fibre optic communications system, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said the proposal to enhance connectivity via collaboration was among matters discussed during his meeting with Brunei Minister of Transport and Infocommunications, Datuk Seri Setia Awang Abdul Mutalib Mohammad Yusof here today.

”He brought the message from the Sultan of Brunei that it’s good for Sarawak and Brunei to collaborate in terms of the whole economic development,” he told reporters after officially closing the two-day International Digital Economy Conference Sarawak (IDECS 2019) at the Borneo Convention Centre Kuching (BCCK) here today.

Abang Johari said a Brunei company, DST Communications, would be working with SACOFA Sdn Bhd (SACOFA), Sarawak’s leading ICT infrastructure company, on the ongoing collaboration between the state and Brunei.

In the fields of tourism and agriculture, he said, there is already a special committee taskforce under the two deputy chief ministers – Datuk Amar Awang Tengah Ali Hassan and Datuk Amar Douglas Uggah Embas — to establish a common agricultural area between Kuala Lawas and Merapok in northern Sarawak and Brunei.

Earlier, he witnessed the exchange of memorandum of understanding (MoU) documents between the Sarawak Multimedia Authority and six global technology companies, including IBM and Huawei, on collaboration to set up the Sarawak Centre of Excellence for Digital Economy.

The centre will be based at the Kuching campus of the Centre of Technical Excellence Sarawak (CENTEXS). — Bernama
https://www.theedgemarkets.com/artic...-collaboration
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Old July 15th, 2019, 08:06 PM   #7
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SAP remains steadfastly focused on Malaysia's Digital Economy growth
July 15, 2019 @ 4:01pm



SAP president and managing director (Southeast Asia) Claus Andresen said SAP remains steadfastly focused on the continued growth of Malaysia’s Digital Economy and encompassed areas such as nurturing talent, growing the local ecosystem and in having established a service delivery centre in Kuala Lumpur for the SEA region.
Quote:
KUALA LUMPUR: SAP Malaysia Sdn Bhd, a global enterprise software leader, will remains steadfastly focused on the continued growth of Malaysia’s Digital Economy.

President and managing director (Southeast Asia) Claus Andresen said SAP’s focus encompassed areas such as nurturing talent, growing the local ecosystem and in having established a service delivery centre in Kuala Lumpur for the SEA region.

"SAP aims to support every company to become a best-run business. Together, we help the world run better and improve people’s lives throughout the world.

"SAP has been in Malaysia for 27 years and have observed while playing our part in the country’s Digital Economy growing from strength to strength,” Claus said.

According to Malaysia Digital Economy Corporation (MDEC), digital economy contributed some 18.3 per cent of gross domestic product (GDP) in 2017.

On the talent and education front, Claus said SAP continues to develop human capital for Malaysia.

“Under the SAP University Alliances initiative, SAP continues to collaborate with MDEC on the MyUniAlliance programme which provides training for some three thousand students per year,” Claus said, adding that the programme started in 2011.

Eighteen Institutes of Higher Learning [IHL], including two foreign universities, have participated in the programme, he further said.

"These IHLs bring SAP's technology and best practices to students in undergraduate and graduate programmes,” he said.

"Should these graduates go on to become SAP consultants, they could expect to be one of the best consultants in industry."

On growing the local ecosystem, SAP continues to work with local business partners so that they may continue innovating on their home-grown solutions.

One such company is SBOne Solutions, a wholly-owned subsidiary of TFP Solutions Bhd and certified SAP partner, which offers professional SAP B1 consultancy and expertise to small medium enterprises (SMEs) throughout Malaysia.

SBOne vice president Davinder Singh said together with SAP Malaysia, the company is currently working with organisations like SME Corp to educate the SME community on the importance of technology.

“SMEs need to realise the role of technology as a business enabler that paves the way to greater profitability and operational efficiencies,” said Davinder.

“Our solutions based on the SAP B1 platform aims to simplify processes for them so that these SMEs become more productive.”

Davinder added that SBOne is also enhancing the SAP B1 platform to address the halal market's needs.

“SBOne shares SAP’s vision that, being a best-run business means being an ‘intelligent enterprise’.

"Together with SAP, our strategy is therefore to deliver the ‘intelligent enterprise’ for our customers, so that they can achieve their desired outcomes,” said Davinder.

On Malaysia as an ICT (information, communications and technology) hub, Claus said last year, SAP had chosen Malaysia for its solution delivery centre (SDC) catering to enterprises throughout SEA.

The SDC has increased cost-effectiveness and scalable service delivery while addressing customer proximity for enterprises employing SAP technologies within SEA.

“Malaysia lies at the heart of SEA where there are various multinational companies (MNCs) operating out of the country,” Claus said, citing the country’s robust infrastructure, strategic location within SEA coupled with the country’s dynamic business environment as contributors to the choice of location.

He added that skilled expertise is also one of Malaysia’s greatest assets, and that the SDC team size is growing.

“The workforce in Malaysia is young, educated and productive, proving to be one of the best in the region. Diversity is one of Malaysia’s greatest strengths, and our objective is to provide SAP’s customers with access to the best global network of consultants with expertise in SAP’s latest technologies,” he added.

Today, SAP serves 437,000 customers in more than 180 countries worldwide, including 92 per cent of Forbes Global 2000 companies, 98 per cent of the 100 most valued brands and 100 per cent of the Dow Jones top scoring sustainability companies.
https://www.nst.com.my/business/2019...economy-growth
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Old July 19th, 2019, 01:31 AM   #8
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Three more varsities get premier tech status
By Zulita Mustafa - July 17, 2019 @ 11:15am



Professor Dr Mohd Saleh Jaafar (10th from right) and Surina Shukri (centre) with representatives of higher-learning institutions at the Premier Digital Tech Institutions and Strategic Partners award ceremony in Cyberjaya. PIC BY SAIFULLIZAN TAMADI.
Quote:
DIGITAL disruption is creating new job opportunities and changing the way we work. The World Economic Forum predicts that 65 per cent of students today will be working in jobs that have yet to be defined, and most of them will require digital skills.

Now, more than ever, the country needs to equip its youth with the right skill sets and mindset to ensure that they remain relevant. Recently, HELP University, Islamic International University Malaysia (IIUM) and Universiti Tunku Abdul Rahman have been recognised as Premier Digital Tech Institutions, joining 13 others with the same status.

This initiative is jointly developed by the Education Ministry and Malaysia Digital Economy Corporation (MDEC) to produce top talents and future leaders in digital technology

Premier Digital Tech Institutions provide an optimum ecosystem in preparing graduates to meet industry demand. Institutions applying for the recognition have to undergo meticulous assessments to ensure that they provide quality tech education and facilities.

According to IIUM Kulliyyah of Information Technology Student Affairs deputy dean Mohd Syarqawy Hamzah, MDEC has set a high standard, which does not only look into the courses offered and student achievements, but also the support given by the university.

It includes those provided by IIUM’s Counselling and Career Services Centre, which not only offers career advice, but also builds relationships with the industry and organise events to benefit them and its students.

For HELP University, the recognition and status will boost its mission to produce self-directing graduates, who can master new skills efficiently.

Prior to being recognised, HELP University had to undergo intensive assessments by an auditing team comprising representatives from the industry, Higher Education Department and MDEC.

“We endeavour to instill in our students the attitude and values to prepare them for a lifetime of continuous learning and leadership,” said Faculty of Computing and Digital Technology dean Dr Sien Ven Yu.

“Our close links with the industry have enabled us to introduce an innovative series of final-year projects and internship programmes, which are supervised by practising IT professionals. This arrangement not only offer students valuable work experience, but also provide them with specific knowledge and specialised skills.”

At the recent award ceremony, Education Minister Dr Maszlee Malik said Premier Digital Tech Institutions would ensure that Malaysians were proficient in data analytics, artificial intelligence, robotics and digital marketing.

“Talent is key for Malaysia to succeed in the Fourth Industrial Revolution (IR4.0). It is critical that we prepare local talents for future jobs,” he said in his speech read out by Private Institution of Higher Learning deputy director-general Professor Dr Mohd Saleh Jaafar.

MDEC chief executive officer Surina Shukri said the corporation was a strong proponent of public-private partnerships, and this Premier Digital Tech Institutions initiative was a great example of how such alliances could powerfully impact the growth of Malaysia’s digital economy.
https://www.nst.com.my/education/201...er-tech-status
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Old July 19th, 2019, 01:33 AM   #9
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Information and Communications Technology (ICT) Readiness

1 UK
5 Japan
7 France
8 Singapore
10 USA
11 Canada
18 Germany
24 Italy
33 Uruguay
40 Chile
41 Mexico
42 Malaysia
46 Brazil
65 Turkey
71 Brunei
72 Thailand
75 Philippines
76 Vietnam
99 Indonesia
118 Cambodia


Source: Global Innovation Index 2018

Digital skills among population

2 USA
6 Singapore
11 Malaysia
16 Germany
18 Canada
24 Philippines
32 UK
39 Indonesia
46 Brunei
49 Japan
61 Thailand
63 France
64 Italy
81 Lao PDR
98 Vietnam
107 Cambodia


Source: World Economic Forum 2018
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Old July 19th, 2019, 02:05 AM   #10
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Dr Mahathir Comes Away Impressed After Chat with Robot Sophia
July 17, 2019




https://www.theborneopost.com/2019/0...lent-in-ir4-0/
https://www.pmo.gov.my/2019/07/dr-ma...-robot-sophia/
Government to support corporate sector in exploring IR 4.0
Bernama July 19, 2019 00:58 am +08

Quote:
KUALA LUMPUR (July 18): The Government is prepared to provide full support to the corporate sector to spur Industrial Revolution 4.0 (IR 4.0).

Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said the support included open policies to ensure that the players were not only capable of being followers but also become industry leaders.

Although the Government might only provide limited support, the sector could still achieve much with existing technological advances, she said in her closing remark at the Beyond Paradigm Summit 2019 here, today.

Yeo also emphasised that the corporate sector should take the opportunity to penetrate the market by being more innovative to compete in the global space.

"It's very important for us and the corporate sector in the country to embrace new technology, is even wiser for the government to do so. Because the emerging technology does not have a winner yet," she said.

The two-day Beyond Paradigm Summit that began yesterday with the theme ‘Creating Distinctive Digital Solutions’, showcased advanced technologies encapsulating the core ideas of automation and data exchange surrounding IR 4.0.

The summit was hosted by Serba Dinamik Holdings Berhad, a global integrated engineering services provider.

The summit also saw Sophia, the social humanoid robot powered by artificial intelligence, the core technology of IR 4.0, featured for the first time in Malaysia. Sophia stands testament to how state-of-the-art artificial intelligence can value-add businesses as it binds together various separate processes through the Internet of Things (IoT).

Meanwhile, Serba Dinamik chief executive officer and group managing director Datuk Dr Ir Mohd Abdul Karim Abdullah said the summit achieved its objective to provide industry players with an opportunity to understand more about IR4.0.

"The summit’s primary goal is to bring together businesses that have been working on adopting small-scale IR 4.0 solutions and gathering them together to initiate ideas, discuss concepts and implement these ideas to change Malaysia’s digital landscape,” he said.
https://www.theedgemarkets.com/artic...xploring-ir-40
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Old July 29th, 2019, 07:15 AM   #11
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Bukit Mertajam heading to be Penang’s first digital city
Bernama July 26, 2019 21:45 pm +08
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GEORGE TOWN (July 26): Bukit Mertajam is moving towards becoming the first digital city in Penang by August 2020 and will employ a concept that integrates information and communication technology (ICT) devices to monitor its environment, operations and services.

The State Government's technology partner, Smartviro Sdn Bhd, will undertake the project which aims to provide a better quality of life for Bukit Mertajam folk through the integration of the latest technology in their daily life.

Smartviro director Datuk Lee Aik Heng said air and noise pollution monitoring stations have been set up at several locations in Bukit Mertajam and this will be followed up with water pollution monitoring stations.

He said the work to develop the monitoring stations started this month and will be completed in August next year.

“Eventually, we would also include traffic cameras, facial recognition technology and student locater programme using the global positioning system (GPS) in this initiative,” he told a press conference here.

Meanwhile, Penang Women and Family Development, Gender Inclusiveness and Non-Islamic Religious Affairs Committee chairman Chong Eng said the process of transforming Bukit Mertajam into a digital city would take an area of up to 18 sq km involving 20 housing estates and surrounding areas, which costs RM500,000.

"The main objective is to provide a better quality of life using the latest technologies to communicate (information) on environmental quality and pollution source, awareness of traffic congestion, transport, services and goods, security and energy efficiency, and sustainable economic development," she said.
https://www.theedgemarkets.com/artic...t-digital-city
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Old July 31st, 2019, 06:23 AM   #12
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Dagang Net receives contract extension for NSW for Trade Facilitation
POSTED ON JULY 29, 2019, MONDAY AT 12:01 AM BUSINESS


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KUALA LUMPUR: Dagang Net Technologies Sdn Bhd (Dagang Net), a wholly-owned subsidiary company of Dagang NeXchange Bhd (DNeX), has received the contract extension from the Government of Malaysia for the National Single Window (NSW) for Trade Facilitation.

The contract extension is for a period of two years commencing from Sept 1, 2019 until Aug 31, 2021.

Dagang Net has been the operator of the NSW for Trade Facilitation since its launch in 2009, and the company is backed by 30 years of experience – in terms of knowledge, expertise and operational know-how – in offering eServices for Trade Facilitation.

The NSW for Trade Facilitation includes six core eServices namely eDeclare, ePCO, ePermit, ePermitSTA, eManifest and ePayment, which provide the trading community with connectivity to Customs and relevant agencies for import and export document processing.

Such trade environment can help expedite cargo clearance process, reduce cost and time of doing business, and contribute positively to the country’s trade efficiency and global competitiveness.

“We would like to express our deepest appreciation to the Government of Malaysia namely the Ministry of Finance and the Royal Malaysian Customs Department for their continued confidence in us,” said DNeX executive deputy chairman and Dagang Net executive chairman Datuk Samsul Husin.

“We remain committed to offer top notch eServices in Trade Facilitation that not only meet requirements of customers but also offer value that can help our customers further improve their operations and grow their business,” he said.

As part of its continuous improvements, Dagang Net is facilitating new services introduced by the Government for the trading community, he added.

Through its electronic Preferential Certificate of Origin (ePCO), Dagang Net is supporting the implementation of the Asean-Hong Kong, China Free Trade Agreement (AHKFTA), which will start Aug 1 this year.

Manufacturers or exporters who need certification of the country of origin for a particular product can use ePCO to obtain the Preferential Certificate of Origin in the form of an official online document. This document is sufficient to satisfy requirements of relevant authorities and can further be used as a supporting document for other corresponding Preferential Certificate of Origin
https://www.theborneopost.com/2019/0...-facilitation/
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Old August 26th, 2019, 01:18 PM   #13
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Cabinet green-lights National Digital Identity
26 August 2019
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KUALA LUMPUR, Aug 26 — The Cabinet has approved the implementation of the National Digital Identity (National Digital ID) initiative, the Communications and Multimedia Ministry announced today.

The National Digital ID is a government effort to help spur Malaysians’ confidence in the digital economy.

“The Ministry of Communications and Multimedia will spearhead the initiative, while a detailed study on the implementation model will be carried out by Malaysian Communications and Multimedia Commission (MCMC),” the ministry said in a statement.

The ministry added that the National Digital ID is not a substitute for the existing National Registration Identity Card (NRIC) or compulsory.
https://www.malaymail.com/news/malay...entity/1784339
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Old August 26th, 2019, 04:39 PM   #14
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AirAsia’s live chat receives good response
Bernama August 26, 2019 19:41 pm +08
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SEPANG (Aug 26): AirAsia's artificial intelligence interactive customer service live chat, AirAsia’s Virtual AllStar (AVA), has received an overwhelming response of an average 50,000 enquiries a day worldwide since its launch in February this year.

AirAsia group head of customer happiness Adam Geneave told a media briefing at RedQ corporate base here today that AirAsia customers are now switching from making a phone call to the airlines' call centre to having live interactive chats.

“The number of calls received by AirAsia’s call centre is decreasing lately. By using AVA, there is no waiting time for the customer representative consultants to answer their calls.

"All enquiries are replied instantly in a live chat,” he said.

Given the development, Geneave said AirAsia is planning to cease its call centre operations by the fourth quarter of this year and will enhance the features and services provided by AVA from time to time.

At present, AVA communicates in 11 languages, including Chinese, Korean, Japanese, Malay, English, Tagalog and Hindi.

Among the services provided are flight booking, refund, baggage purchase, meal purchase, seat assignment and flight status checking.

Geneave said soon AVA would be able to assist customers in changing their flights and correcting the spelling of their names. — Bernama
https://www.theedgemarkets.com/artic...-good-response

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AirAsia chief customer happiness officer Adam Geneave said the group is leveraging on artificial intelligence for the convenience of its customers. NSTP photo by ROSELA ISMAIL
https://www.nst.com.my/business/2019...ing-experience
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Old August 26th, 2019, 05:08 PM   #15
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Malaysia taps digital technology in tourism development — Dr Mahathir
Bernama August 26, 2019 11:43 am +08
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KUALA LUMPUR (Aug 26): Malaysia is embarking on a comprehensive digitalisation journey to transform its tourism industry with smart tourism initiatives in line with the Fourth Industrial Revolution (IR4.0), Prime Minister Tun Dr Mahathir Mohamad said today.

“We believe (that) by embracing the whole spectrum of digitalisation, we will be able to provide the necessary tools for the tourism industry to be internationally connected, perform rigorous data analytics of tourism futures and shorten the supply chain.

“For all these to materialise, a new investment climate is pertinent for a conducive environment to enable the technology-centred tourism industry to charge forward. Investment in hard and soft infrastructure needs to be balanced.

“National policies need to allow for investment incentives in more intangible products such as data acquisition, content creation and online platform presence,” he said in his keynote address when launching the 2019 World Tourism Conference.

Also present was Tourism, Arts and Culture Minister Datuk Mohamaddin Ketapi.

Dr Mahathir pointed out that industry stakeholders are venturing even more actively into sharing the economy, digital platform, social media integration, as well as big data analytics to customise tourism experience offerings to specific demographics across the globe.

Digitilisation of the sector is also crucial because technological advancement has also led consumers to utilise mobile devices and online platforms to access information, arrange, book and plan an entire holiday, he said.

The prime minister also pointed out that specific incentives are now being formulated to attract both hard infrastructure investment as well as new technology-based investment in the tourism sector.

He said the tourism industry should also be the catalyst to environmental protection, preservation, and conservation of local culture and heritage.

He said he believed that this will ensure that the wealth from tourism is spread widely to reach even the remote communities that offer unique experiences to the tourists.

“As such, one area where this can be achieved is through sustainable ecotourism development.

“Ecotourism is a high-value sub-sector that offers genuine experience and adventure that is unique to a particular locality. Naturally, due to its scarcity, it has the potential to become a premier destination, which brings in high-value tourists,” he said.

Dr Mahathir said ecotourism conservation can enrich tourists’ experience and fulfill their sense of responsibility in giving back to nature — which again will attract high-spending visitors, contributing to the increase in revenue.

He said technology incentives for eco-tour package development, eco-resort building design and innovative business processes can be considered by governments and implemented by destination managers and tour operators.

“Within the context of Malaysia, we are blessed with our more than 130 million years old pristine rainforests, our beaches, islands, spectacular natural wonders, and national parks; and the diversity of our people.

“This has positioned Malaysia as a preferred eco-tourism destination in the world and, through our National Ecotourism Plan 2016-2025, we are developing cluster-based ecotourism destinations with special concession packages that inculcate the use of technology and smart eco-management of destinations,” he said.

Dr Mahathir said the government is committed to exploring new avenues through technology transformation in tourism and smart destination management to educate industry players, tourists and the local community.
https://www.theedgemarkets.com/artic...94-dr-mahathir
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Old August 27th, 2019, 12:48 PM   #16
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Virtual banking is happening now — BNM Governor
Bernama August 27, 2019 18:10 pm +08

Quote:
KUALA LUMPUR (Aug 27): Virtual banking is already happening in Malaysia, although the digital bank licensing framework will be issued for industry consultation by year-end, Bank Negara Malaysia governor (BNM) Datuk Nor Shamsiah Mohd Yunus said.

There won't be a number (for licences issued), she said.

"But, when you talk about a digital bank, it is about not having a physical presence (at all). Not the brick and mortar type. All banking services and transactions will be delivered through the Internet or other forms of electronic channels, instead of physical branches.

“That is the difference. The framework, which is now being finalised, will be on BNM’s regulatory requirements for interested parties to be given a licence.

"Banks in Malaysia can also participate. These banks in a way are already participating in virtual banking through its offerings of mobile banking and e-wallets," she told Bernama in an exclusive interview.

To date, more than 10 parties have expressed an interest in setting up virtual banks in Malaysia.

In 2018, financial transactions conducted via the mobile banking channel more than doubled to 257.4 million transactions valued at RM100.1 billion (2017: 107.7 million, RM50.7 billion).

This was supported by a continued increase in subscribers for mobile banking services to 6.6 million in 2018 versus 4.4 million previously.

According to BNM’s annual report, non-banks are also making headway in this segment. Payment space has always been a common starting point for non-banks to embark on financial services, some with aspirations to evolve into digital banks.

Of the 49 non-bank e-money issuers in Malaysia, three in four offer mobile payment solutions. Non-banks have played a key role in driving this trend, accounting for 88.4% of these transactions.

According to reports, Boost, GrabPay and Touch ‘n Go(TnG) are among the dominant e-wallets in Malaysia. Others are Lazada Wallet, Samsung Pay and PayPal.

TnG, which is 52% owned by CIMB Group Holdings Bhd has about 18 million active users in Malaysia, while Boost claims it has 4.4 million users in Malaysia and 90,000 merchant touchpoints.
https://www.theedgemarkets.com/artic...4-bnm-governor
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Old September 13th, 2019, 02:43 PM   #17
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Bosch Malaysia offers digital technologies solutions to local companies
By Azanis Shahila Aman - September 12, 2019 @ 7:52pm



Bosch Malaysia managing director Simon Song says while there are an ever-increasing demand for IoT and IR4 adoption in the region, Malaysia can be the forefront in future digital technologies if local manufacturers, particularly small and medium enterprises (SME), deploy IoT and IR4.0 solutions. NST pix by AMIRUDIN SAHIB

Quote:
KUALA LUMPUR: Bosch Malaysia Sdn Bhd is pushing Industry 4.0 (IR4.0), Internet of Things (IoT) and mobility products and solutions to local companies in adopting and leveraging on digital technologies.

In line with Malaysia’s digital economy aspirations, the German multinational engineering and technology company will also focus on upskilling the Malaysian workforce, with comprehensive hands-on training to further strengthen IR4.0 infrastucture in Malaysia.

Bosch Malaysia managing director Simon Song said while there are an ever-increasing demand for IoT and IR4 adoption in the region, Malaysia can be the forefront in future digital technologies if local manufacturers, particularly small and medium enterprises (SME), deploy IoT and IR4.0 solutions.

"With decades of manufacturing experience, our company is able to demonstrate the benefits of IoT and IR4.0 adoption in manufacturing plants around the world, including Malaysia," he told the News Straits Times at the 100 Years of Bosch in Southeast Asia experience day here today.

He said in Malaysia, Bosch has supported various clientele in consulting and strategic planning for IR 4.0 deployment programmes.

Bosch has three manufacturing plants in Malaysia, producing car multimedia, automotive steering systems, and power tools, all located in Penang.

"Our manufacturing plants in Penang supply to global market which makes Malaysia the largest workforce in Southeast Asia with close to 5000 employees.

"The plants accelerate IR4.0 via key in-house solutions such as Nexeed Manufacturing Execution System (MES) Platform for its production lines that are more flexible and efficient control," he said.

Touching on sales, out of the total of RM358 billion (78 billion euro) of the total sales achieved globally in 2018, Simon said Malaysia contributed sales close to RM538 million (113 million euro).

Given the well-developed infrastructure in Malaysia, he said Bosch is also looking at increasing investment in this country.

"Whenever we consider new expansion and investments, we always consider Malaysia as priority," Simon said adding that discussion on the idea is currently being ironed out and will be announced in the coming months.

The Bosch Experience Days also saw the launch of the company's new Tronic 3000s, 6000s, and 8000s range of residential water heater systems, with Malaysia being the first market to receive the product range.
https://www.nst.com.my/business/2019...ocal-companies
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Old September 13th, 2019, 02:43 PM   #18
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edotco plans to deploy CoW technology in its bid for digital transformation
By Farah Adilla - September 12, 2019 @ 6:24pm
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KUALA LUMPUR: edotco Group Sdn Bhd plans to deploy Cellular on Wings (CoW) technology by using drones to enhance and better manage their towers in the future.

The group to aims to future-proof its business by implementing next-generation technologies with its Aerodyne Group partnership, enabling a leaner, more agile, and cost-effective operations.

“For example, in the case of natural disaster, when you cannot reach the site, we can use CoW to address the need for connectivity. Besides that, we can use CoW to add more capacity at high density areas such as at a stadium during a football game.

“This is typical use case that we would like to look at with our partner Aerodyne,” edotco service excellence head Ashok Muthu told reporters at a media briefing here today.

However, he has not disclose any timeline for the deployment.

Ashok said the group has achieved a 50 per cent improvement in reporting time and a 35 per cent reduction in inspection turnaround time, through its recent partnership with Aerodyne.

The company did not disclose the cost saving in terms of dollars and cents.

Further, Ashok said the partnership brings more value to edotco now in terms of efficiency, safety and also delivering better service to customers.

"Safety angle is one metric that we really stressed on. Based on 400 flights that we have done so far, that translates into 400 tower climbs that we have avoided.

"And using AI (artificial intelligence), we also save time in terms of filing and documentation.

"When we do thing half of the time faster, this means that we deliver results better to customers half of the time,” he told reporters at a media briefing here today.

edotco in November last year partnered with Aerodyne to implement innovative drone technology in its business operations.

With Malaysia pioneering this best-in-industry practice in the region, edotco plans to roll-out the innovation throughout its presence in South Asia and Southeast Asia.

Coupled with artificial intelligence and machine learning processes, edotco is harnessing Aerodyne’s aerial capabilities to boost efficiencies in daily operations comprising infrastructure site audits, routine preventive maintenance surveys, network assessments, as well as monitoring for revenue assurance.

The company operates and manages regional portfolio of over 29,900 towers across core markets of Malaysia, Myanmar, Bangladesh, Cambodia, Sri Lanka and Pakistan.

Aerodyne group chief executive officer and founder Kamarul Muhamed said across the powerline projects that it has done for clients globally, the company has been able to deliver five to 20 per cent cost savings using drone versus the manual way.

“The philosophy of doing digital transformation is to achieve faster, better, cheaper and safer solutions to business operations. This encapsulates the value of using drone,” he said.
https://www.nst.com.my/business/2019...transformation
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Old September 13th, 2019, 02:45 PM   #19
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JCorp's Newave allocates RM20m for digital healthcare business
By Farah Adilla - September 11, 2019 @ 4:48pm



Newave Health Sdn Bhd (NHSB) has set plans to spend RM20 million to expand its digital healthcare business over the period of two to three years to expand the reach of Newave’s digital health application, LifeMed. Pix by Ghaffur Zahari
Quote:
CYBERJAYA: NewWave Health Sdn Bhd (NHSB) has set plans to spend RM20 million to expand its digital healthcare business over the period of two to three years to expand the reach of Newave’s digital health application, LifeMed.

"With this investment, we expect LifeMed’s usage to be expanded through KPJ Healthcare Bhd’s private hospital network in Malaysia within a couple of years before branching out this service to public hospitals,” N2W Corporation Sdn Bhd (NCSB) chief executive officer Rizatuddin Ramli told reporters after the launch of LifeMed and the signing of partnership agreements between N2W and Smartmed, here, today.

NHSB is a joint venture company between Johor Corporation’s (JCorp) subsidiary, NCSB and Smartmed Global Ltd (SGL) while Smartmed is a UK-based digital healthcare service provider. KPJ is owned by JCorp.

JCorp, through its subsidiary, NCSB, has announced a strategic partnership with SGL – a UK based digital healthcare service provider, to launch LifeMed, an all in one digital app to better connect patients with medical solutions.

The LifeMed solution is a concept of Remote Health Diagnostics and Monitoring System (RHDMS), a solution that enable patients to better manage their ailments and clinicians to better monitor their patients’ conditions.

The solution is seen as the evolution of the future for the healthcare industry particularly in the digital healthcare.

Rizatuddin said NHSB has a long-term expansion plan to expand LifeMed's business operations and looking to expand the service overseas.

"In two years’ time, we will be using the KPJ network to grow not only Malaysia but also several countries which KPJ has presence in including Indonesia, Bangladesh and Australia,” he said.

JCorp president and chief executive Datuk Kamaruzzaman Abu Kassim said the group had today achieve a significant milestone in enabling the most comprehensive access to health-related information available, right from the convenience of a mobile device.

“This initiative aims to add value to all healthcare providers – with the ability to monitor their patients round the clock. With the technology LifeMed solution offers, it also helps to engage and empower patients in monitoring and managing their won conditions, while keeping them closely engaged with the doctors for support if needed.

“LifeMed is especially useful to frequent travellers who can still capture their health readings, wherever they may be. Both doctors and the patient are able to access patient medical records or vital readings globally and 24/7,” he said.
https://www.nst.com.my/business/2019...hcare-business
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