Upgrade your membership plan for the full website experience.
View Membership Plans
May 9, 2023

Malaysia Identifies New Opportunities for Public-Private Investments

Authored by
placeholder
placeholder
May 9, 2023

On April 17, Malaysia’s Minister of Communications and Digital Fahmi Fadzil announced that the government has identified RM1 billion worth of potential public-private investments in the Malaysia Digital Catalytic Program (Pemangkin). The investments will target nine digital sectors: trade (US$7.84 million), agriculture (US$6.72 million), content (US$5.60 million), health (US$3.58), cities (US$3.58 million), tourism (US$2.24 million), services (US$1.56 million), finance (US$0.4 million), and Islamic finance (US$0.4 million). Through the Malaysia Digital Economy Corporation (MDEC), RM238 million (US$53.32 million) will be allocated from 2023 to 2025 to support new initiatives under the program. RM143 million (US$32.04 million) will be allocated for public investments, R45 million (US$10 million) will be allocated for tech enablers, and RM4.9 million (US$1.09 million) will be allocated for grants. Grants are expected to be issued as early as May, and initiatives for each sector are expected to be announced in phases. The program seeks to bolster Malaysia’s digital economy, resulting in the creation of an estimated 49,000 new jobs.

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.