KUALA LUMPUR: The digital economy is expected to contribute 25.5 per cent to the country's gross domestic product (GDP) by 2025, according to the 12th Malaysia Plan (12MP) document released by the Economic Planning Unit (EPU) today. The contribution of e-commerce activities to the GDP, meanwhile, is targeted at 10.5 per cent under the country’s digital economy agenda. "Under 12MP, efforts will focus on providing an enabling environment for the growth of the digital economy, strengthening the provision of digital infrastructure and services, developing future-ready digital talent as well as positioning Malaysia as the ASEAN digital centre. "The digital economy will change the conventional approach of businesses as well as consumer practices in obtaining information, services and goods," it said. "Policies on the planning and provision of digital infrastructure by both the federal and state governments will be realigned to facilitate investment in state-of-the-art digital infrastructure and to ensure optimum deployment.

Source: The Star September 27, 2021 05:03 UTC