KUALA LUMPUR – The digital economy is crucial in Malaysia’s Madani Economy framework. It charts the future direction of the country’s economy. The aim is to create a wider market for Malaysians, beyond the local market.
Communications and Digital Minister Fahmi Fadzil recognizes the importance of the digital economy. It doesn’t only provide a larger market. It also lets Malaysians work from any location, with a stable internet connection.
Fadzil emphasizes the ministry’s primary focus. It’s to offer the required infrastructure to bridge the digital divide. This includes stable, affordable internet packages, and boosting digital literacy skills.
Also Read: Social Media Platform X’s Bold Move: New Deal with IAS to Revive Advertising – A Success or Misstep?
He cites a real-life example. “Two days ago, I was at Felda Soeharto,” he said. “Youngsters have migrated to cities for jobs. But with the internet, they can earn a high income without leaving their hometown.” He sees the digital economy as a way to cut urban migration. At the same time, it doesn’t deny opportunities to progress.
Speaking on RTM1’s morning program, Fadzil unveiled the government’s expectations. Currently, the digital economy contributes 23% to Malaysia’s Gross Domestic Product (GDP). The target is 25.5% by 2025.
Fadzil also expressed confidence in the Madani Economy framework. Prime Minister Datuk Seri Anwar Ibrahim launched it on July 27. With this, the marketability of local products could reach 652 million people in Southeast Asia.
The 5G infrastructure is in progress. As of July 31, 5,515 out of 7,509 planned 5G sites are complete. The coverage of populated areas (CoPA) stands at 66.8%. Meanwhile, 4G covers 96.2% of CoPA nationwide.
There’s more to the digital initiative. Fadzil mentioned four satellite broadband providers, including Starlink. They cater to areas without internet access. In a recent move, the Starlink internet device got installed at Universiti Teknologi MARA (UiTM) Kuala Pilah campus. The ministry has further plans. A similar device will be installed in an Orang Asli settlement as proof of concept.
Moreover, the ministry is planning collaborations. They’ll work with other ministries to find remote locations without telecom towers. This will help assess their need for Starlink satellite devices. The Madani Economy framework is steering Malaysia’s digital future. It’s not just about connectivity. It’s about creating new markets and opportunities. It’s about enabling Malaysians to work remotely and thrive. It’s about leveraging 5G and satellite broadband to boost the entire nation’s progress.
The commitment to digital literacy, affordable internet, and technological infrastructure is clear. These efforts are likely to make a significant impact on Malaysia’s economy in the coming years.
This news is based on The Star.
