Minister: Govt to provide RM20.7b in cash, incentives over five years for digitalisation | Malay Mail

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CYBERJAYA, Nov 13 — The government is providing RM20.7 billion worth of cash and non-cash incentives for over five years from next year to assist Malaysian companies’ transition to the Fourth Industrial Revolution (IR4.0), said Finance Minister Lim Guan Eng. “After all, either you digitalise,...

Wednesday, 13 Nov 2019 06:27 PM MYT

“After all, either you digitalise, or you will not survive. This is the reality that we have to face,” he said at the 60th Pan-Asian E-Commerce Alliance steering committee meeting, here today. “The government is aiding the digitalising and future-proofing of the economy by investing heavily in digital infrastructure, reforming the broadband market, and encouraging small and large businesses to make the leap towards IR4.0,” he said.

Moving forward, he said all sectors in the country must be ready for digital transformation, underpinned by IR4.0. While the public sector-led initiatives are important, Lim said the private sector should lead initiatives on their own to raise their competitiveness that will benefit the country.

 

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