1 MIN READGovernment unveils RM56b plan to spur Malaysia’s digital economy

Introducing the “Malaysian Digital Economic Blueprint” is an initiative by the government to improve the digital infrastructure for faster and wider internet connectivity.

The planning worth RM56 billion will have a 10-year plan aimed at developing the country’s digital economy.

Launched on the 19th of February, it aims to achieve 100% household access to the internet – enabling students to access online learning and create 500,000 new jobs by 2025.

What are the three phases for the Malaysian Digital Economy Blueprint (2021-2030)?

Phase 1 (2021 and 2022) – focuses on strengthening the digital foundation, with the government taking the lead to create a conducive regulatory framework that can expedite digital infrastructure development. 

Phase Two (2023 – 2025) – is to drive digital transformation and inclusion. This phase will see a faster and increased rollout of broadband infrastructure projects, equitable access to opportunities and agile regulations for the gig economy through unhindered business innovation. 

Phase Three (2026 to 2030) – focuses on positioning Malaysia as a regional market producer for digital products and digital solutions providers. 

Source: Malay Mail

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