{"id":9479,"date":"2022-03-01T18:20:50","date_gmt":"2022-03-01T10:20:50","guid":{"rendered":"http:\/\/162.253.17.218\/~mydigital\/?p=9479"},"modified":"2025-10-31T11:33:06","modified_gmt":"2025-10-31T03:33:06","slug":"growing-the-digital-economy-with-an-enabling-digital-environment","status":"publish","type":"post","link":"https:\/\/www.mydigital.gov.my\/bm\/growing-the-digital-economy-with-an-enabling-digital-environment\/","title":{"rendered":"Growing The Digital Economy With An Enabling Digital Environment"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"9479\" class=\"elementor elementor-9479\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3084bdc7 main-page-title e-flex e-con-boxed e-con e-parent\" data-id=\"3084bdc7\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;background_motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;background_motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;background_motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;background_motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:100}},&quot;background_motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-49d8cc93 e-con-full e-flex e-con e-child\" data-id=\"49d8cc93\" data-element_type=\"container\" data-settings=\"{&quot;position&quot;:&quot;absolute&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-496313bb elementor-widget elementor-widget-ld_particles\" data-id=\"496313bb\" data-element_type=\"widget\" data-widget_type=\"ld_particles.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div class=\"ld-particles-container pos-rel w-100   lqd-particle-618b615377878\">\n\t\t\t<div class=\"ld-particles-inner lqd-overlay pointer-events-none\" id=\"lqd-particle-618b615377878\" data-particles=\"true\" data-particles-options='{\"particles\":{\"number\":{\"value\":25},\"color\":{\"value\":[\"#FDA44C\",\"#604CFD\",\"#0FBBB4\",\"#F85976\"]},\"shape\":{\"type\":[\"circle\"]},\"opacity\":{\"value\":1},\"size\":{\"value\":4},\"move\":{\"enable\":true,\"direction\":\"none\",\"out_mode\":\"bounce\"}},\"interactivity\":[],\"retina_detect\":true}'><\/div>\t\n\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6a2b8e17 e-con-full e-flex e-con e-child\" data-id=\"6a2b8e17\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b5cb279 elementor-widget elementor-widget-hub_fancy_heading\" data-id=\"b5cb279\" data-element_type=\"widget\" data-widget_type=\"hub_fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div id=\"ld-fancy-heading-6a1de36050dce\" class=\"ld-fancy-heading pos-rel\">\n\t\t\t<h2 class=\"ld-fh-element d-inline-block pos-rel  elementor-heading-title lqd-highlight-classic lqd-highlight-grow-left h2\"  > Growing The Digital Economy With An Enabling Digital Environment<\/h2>\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-11b8fcae page-breadcrumb e-flex e-con-boxed e-con e-parent\" data-id=\"11b8fcae\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-402381a0 page-breadcrumb e-flex e-con-boxed e-con e-child\" data-id=\"402381a0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-250395c5 elementor-widget elementor-widget-ld_breadcrumb\" data-id=\"250395c5\" data-element_type=\"widget\" data-widget_type=\"ld_breadcrumb.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"lqd-breadcrumb-wrapper\"><nav role=\"navigation\" aria-label=\"Breadcrumbs\" class=\"breadcrumbs\"><ol class=\"breadcrumb reset-ul inline-nav inline-ul comma-sep-li\"><li class=\"breadcrumb-item active\"><a href=\"https:\/\/www.mydigital.gov.my\/bm\" rel=\"home\"><span>Laman Utama<\/span><\/a><\/li><\/ol><\/nav><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-22e5bb0 e-flex e-con-boxed e-con e-parent\" data-id=\"22e5bb0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1e479cb e-con-full e-flex e-con e-child\" data-id=\"1e479cb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3131ce1 elementor-widget elementor-widget-hub_fancy_heading\" data-id=\"3131ce1\" data-element_type=\"widget\" data-widget_type=\"hub_fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div id=\"ld-fancy-heading-6a1de36052f5b\" class=\"ld-fancy-heading pos-rel\">\n\t\t\t<h4 class=\"ld-fh-element d-inline-block pos-rel  elementor-heading-title lqd-highlight-classic lqd-highlight-grow-left h4\"  > <b>Growing The Digital Economy With An Enabling Regulatory Environment<\/b>\n<\/h4>\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-91de357 e-flex e-con-boxed e-con e-parent\" data-id=\"91de357\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1842677 e-con-full e-flex e-con e-child\" data-id=\"1842677\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eeed4c2 elementor-widget elementor-widget-text-editor\" data-id=\"eeed4c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<b>PUTRAJAYA, 1 March 2022<\/b> \u2013 In conjunction with MyDIGITAL Corporation\u2019s oneyear anniversary since its launch, the government agency collaborated with the World\nBank to organise a virtual dialogue titled <i>\u201cGrowing the Digital Economy with an\nEnabling Regulatory Environment\u201d<\/i>, which is the first of a two-part series of industry\ndiscussions under the theme, <i>\u201cDriving the Digital Economy: What is needed?\u201d<\/i>.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6e7442 elementor-widget elementor-widget-text-editor\" data-id=\"a6e7442\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tMalaysia is on track to achieve a digital economy contribution to GDP of at least\n25.5% by 2025. This is supported by progress across several fronts in 2020, including\na 22.6% GDP contribution from the digital economy, growth of 26.5% in e-commerce,\ninternet access of 93.5% in urban households and 83.9% in rural households, and a\ncurrent population coverage for 4G mobile services of 95%. Nevertheless, Malaysia\u2019s\nregulatory environment needs to evolve for the digital economy to thrive. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea3a9d6 elementor-widget elementor-widget-text-editor\" data-id=\"ea3a9d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe objective of the session today was to continue to identify and address the gaps\nin the regulatory landscape in Malaysia to support the growth of the digital economy.\nIndustry feedback was sought on the preliminary findings and insights from a study\nconducted by the World Bank as well as the work of the Committee on Legislative\nand Regulatory Framework for Digital Economy and Fourth Industrial Revolution\n(4IR), under the MyDIGITAL initiative. The Committee was established to address\nchallenges posed by the regulatory environment, which cut across the six clusters\nestablished to govern the implementation of the Malaysia Digital Economy Blueprint: \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4eec6bc elementor-widget elementor-widget-text-editor\" data-id=\"4eec6bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol type=\"i\">\n<li>Digital Talent;<\/li>\n<li>Digital Infrastructure and Data;<\/li>\n<li>Emerging Technology;<\/li>\n<li>Economy;<\/li>\n<li>Society;<\/li>\n<li>Government<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14419c2 elementor-widget elementor-widget-text-editor\" data-id=\"14419c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe topics discussed include key regulatory impediments to digitalisation, conducting\ncross-border activities, as well as scaling and expanding internationally. Dato\u2019 Sri\nMustapa Mohamed, Minister in the Prime Minister\u2019s Department (Economy), along\nwith Dr. Yasuhiko Matsuda, Country Manager for Malaysia, World Bank Group were\non hand to hear the views of small and medium enterprises (SMEs), and larger\norganisations, on the legislative and regulatory improvements proposed. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9678c00 elementor-widget elementor-widget-text-editor\" data-id=\"9678c00\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tDato\u2019 Sri Mustapa Mohamed said, \u201cFeedback from the industry, which is based on\nreal-world business needs, is important to develop a conducive regulatory ecosystem\nto promote a more dynamic and competitive market environment. The participation\nfrom all stakeholders is key to the Whole-of-Nation approach that we have adopted\nto drive the success of the MyDIGITAL initiative. The industry and government must\nwork together to overcome the challenges of digitalisation, especially in proposed\nregulatory and institutional reforms that would support the growth of our digital\neconomy\u201d.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7deafd4 elementor-widget elementor-widget-text-editor\" data-id=\"7deafd4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe discussions underscored the importance of regulations in facilitating the dynamic\nnature of the digital economy. Several areas for improvements were identified during\nthe session, such as regulations surrounding personal data protection, the use of\nopen data and the ability to transact digitally. As an example, enhancements to data\nprotection are needed to facilitate the rapid evolution of services through the use of\ndata, while ensuring the safety and security of the data. Similarly, competition laws\nshould address the new needs for competition regulation, particularly for issues\nrelating to digital platforms. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4da78d4 elementor-widget elementor-widget-text-editor\" data-id=\"4da78d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tMoving forward, such necessary enhancements to the regulatory framework will be\npart of the MyDIGITAL initiative, and implementation will be tracked and monitored\nthrough the National Digital Economy and 4IR Council chaired by the Prime Minister.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dffec29 elementor-widget elementor-widget-text-editor\" data-id=\"dffec29\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tDr Yasuhiko said, \u201cA clear and legally robust regulatory framework for digital business\nactivities will be a key pillar to enhancing competitiveness and place Malaysia on a\nstronger footing to compete on the international stage. Through this engagement, we\nhope to strengthen our partnership with the Government of Malaysia, working with\nMyDIGITAL Corporation to drive the nation\u2019s vision of being at the forefront of digital\neconomy transformation and achieving the key development objectives set out in the\nMalaysia Digital Economy Blueprint.\u201d\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16548c3 elementor-widget elementor-widget-text-editor\" data-id=\"16548c3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<i>\u201cDriving the Digital Economy: What is needed?\u201d<\/i> is part of a Dialogue Series under the\nMyDIGITAL initiative, designed to seek the views of key stakeholders on policies and\nprograms to achieve Malaysia\u2019s digital economy vision, as part of its Whole-Of-Nation\nimplementation approach. MyDIGITAL will also be planning several other events to\nmark its one-year anniversary, such as Program Sembang Digital Usahawan in Jeli\nand Program Transformasi Digital Pasar Besar Siti Khadijah in Kota Bharu. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, 17 July 2023 \u2014 MyDIGITAL Corporation and Microsoft recently concluded their joint skilling pilot program through the MyDIGITAL<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-9479","post","type-post","status-publish","format-standard","hentry","category-21"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Growing The Digital Economy With An Enabling Digital Environment - 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