- Penang’s recently opened Digital Ministry company will begin the nation-wide strategy in the first week of February.
- US$ 6.9m awarded to Penang-based MD award recipients, 173 have MD-status
Starting with the northern state of Penang this Monday, the Malaysia Digital Economy Corporation ( MDEC ), under the direction of the Ministry of Digital, aims to accelerate the digital transformation of small medium enterprises ( SMEs ) nationwide.
Minister of Digital Gobind Singh Deo announced this program on Monday, aimed at providing SMEs with the tools, knowledge, and assistance needed to accept digitalization and thrive in the modern economy.
In the recently opened Zon Utara Office of the Ministry of Digital in George Town, there is a program to engage Penang-based SME organisations.
The program addresses SMEs ‘ state-specific issues in adopting and implementing digital change. Additionally, it aims to collaborate with stakeholders to develop practical solutions, foster a friendly ecosystem for digital enterprises to flourish, and strengthen partnerships for the benefit of the SME community.
In his address, Anuar Fariz Fadzil ( pic above ), CEO, MDEC, said that SMEs should view technology as an investment for unlocking growth, enhancing competitiveness and future-proofing their businesses.
” Technology is a necessity in today’s quickly evolving landscape. By adopting modern tools and modern solutions, SMEs can drastically increase their effectiveness, achieve and resilience in the global market – while likewise realising greater productivity and functional efficiencies”, said Anuar.
” At MDEC, we are dedicated to providing SMEs with practical online options to increase productivity and competitiveness”, he added.
To date, US$ 6.88 million ( RM30.96 million ) has been awarded to Malaysia Digital ( MD) grant recipients in Penang, with 173 companies in the state already achieving MD status.
” We look forward to welcoming more businesses to MD standing, encouraging greater development, and making a clear path for growth and competitiveness,” said Anuar.
Businesses that engage in online and technological activities are supported by the Director position. It offers a variety of benefits to companies with the Director standing, including tax incentives, grants and financing, business corresponding and entry to networks.
A new program from the Ministry that aims to help SMEs increase efficiency and reduce operating costs by up to 20 % through personalized digital solutions will be unveiled in order to further promote more businesses to apply for the Director position and reap the benefits.
” It requires understanding their “pain positions” and providing targeted options that are in line with their business objectives and business needs,” said Anuar.
For more information on online sector initiatives and programs, visit mdec. my or give requests to]email , protected].
Kementerian Digital’s Zon Utara Office, located at Bangunan U., is open to visitors to Penang. A. B., Scores Lebuh China, George Town, Penang.