Lack of great ideas a stumbling block to FDI in digital economy, says Rafizi FMTNews FMTBusiness
To boost FDI in the digital economy, local players must be able to offer innovative ideas, said economy minister Rafizi Ramli.
Rafizi said while the government could do its part by offering grants and funding to start-ups and industry players in the digital and technology sectors, it is also important for industry players to foster innovation in the market. Rafizi said Malaysia needed to enlarge its talent pool in the digital economy to enable it to compete with the Silicon Valley or neighbours such as Singapore and Indonesia.
Rafizi said the eyes of venture capitalists were on Malaysia, adding that Putrajaya was serious about enlarging and improving the country’s digital talents.
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