Budget 2024 set to ignite and propel digital economy -- MDEC

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Budget 2024 set to ignite and propel digital economy -- MDEC
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KUALA LUMPUR: Budget 2024 is set to ignite Malaysia’s digital economy and propel the country into new digital frontiers, said the Malaysia Digital Eco...

: Budget 2024 is set to ignite Malaysia’s digital economy and propel the country into new digital frontiers, said the Malaysia Digital Economy Corporation .

“This includes enhancing ongoing efforts with financing tools, matching grants, funding support, capability development, and mentoring programmes to accelerate digital adoption. MDEC welcomed the RM165 million allocation to bolster MSMEs through initiatives such as digital grants, the Shop Malaysia Online programme for online businesses, and the expansion of Digital Economic Centers across all state assemblies.

On another note, MDEC said the initial allocation of RM20 million for pioneering research and development of artificial intelligence at the University of Technology Malaysia marked a promising stride towards nurturing talent for AI development and digital content production.

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