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Malaysia’s 2022 National Budget, themed “Keluarga Malaysia, Makmur Sejahtera”, focuses on three pillars of Strengthening Recovery, Building Resilience and Driving Reforms. In aiding the economic recovery from the Covid-19 pandemic, the budget has targeted strategies to restore business capabilities through expanding access to financing for underserved businesses. The budget also aims to build a prosperous and sustainable economy by emphasising its sustainability agenda and bridging economic gaps.
• National 4IR Policy and National Science, Technology and Innovation Policy (NSTIP)
With the launch of the National 4IR Policy in 2021, Malaysia continues to push towards harnessing the full potential of the Fourth Industrial Revolution for the digital development of the nation, targeting an increase in productivity across all sectors by 30%. The National Science, Technology and Innovation Policy (NSTIP) 2021-2030 also emphasises the significance of Science, Technology, and Innovation (STI) in shaping the country into a high-tech nation, with the aim to increase the number of innovation-based technopreneurs to 75% by 2030.
• 5G Roll Out by Digital Nasional Berhad (DNB)
Digital Nasional Berhad (DNB) was established in 2021 to accelerate Malaysia’s 5G network rollout objectives outlined in the Digital Economy Blueprint 2021–2030. Over the next 10 years, RM16.5 billion is expected to be spent on infrastructure development, relevant corporate and operating expenditure, and its Network Equipment Provider (NEP), Ericsson. 5G is estimated to have a GDP impact of RM150 billion and create 750,000 high skilled jobs in 2030, increasing productivity and new opportunities throughout the economy.
• Smart City Initiatives
In line with the Malaysia Smart City Framework launched in 2019, various Smart City initiatives have been implemented across Malaysia. In 2021, the Smart City Handbook: Malaysia highlighted some of these initiatives, including prominent national projects such as smart city accreditation standards to be implemented by 2023, national digital communication enhancement program Jalinan Digital Negara (JENDELA), as well as the move towards hyperscale data centres and cloud services in Malaysia.
• Navigating the Intersection of Sustainable Growth, Business & Technology
Enterprises and governments in the region have become increasingly aware of the need to operate and grow sustainably. Sustainable growth encompasses more than regulatory compliance and meeting social responsibility goals. Businesses are concerned about creating long-term value for shareholders and stakeholders as they manage environmental, social and governance (ESG) risks and opportunities.
Through our role in driving digitalisation ecosystems in ASEAN, we have seen first-hand how discussions around digital transformation have evolved from exploring and understanding benefits of digital transformation to deriving real value from technology implementation projects. We will be mobilising business leaders in ASEAN to discuss the role of technology in sustainable growth and the evaluations to enhance returns on technology investments, as we seek to identify the key elements of a successful digital strategy.
ASEAN Innovation Business Platform (AIBP)
AIBP offers Southeast Asia’s most comprehensive platforms for stakeholders in the enterprise technology ecosystem to gather, connect and discuss growth, innovation and digital transformations in the region. Hosted annually in Southeast Asian countries since 2014, this is the 7th year AIBP is held in Kuala Lumpur.
This is a dynamic industry platform that should not be missed if you wish to understand more about enterprise digital transformation in Malaysia, understand businesses’ technology adoption, and establish important connections that will benefit you and your organization in many ways.
We look forward to welcoming you in Kuala Lumpur this coming October!
Date: 17 - 18 October 2022
Time: 9 AM - 5.10 PM (GMT+8)
Time: 9 AM - 4 PM (GMT+8)
Morning Session (17 October)
• Keynote Session
9.00 AM - 11.10 AM
• Digital Infrastructure for Transformation
11.10 AM - 1.15 PM
Afternoon Session (17 October)
• Strengthening the Foundations for Industry 4.0
1.15 PM - 3.00 PM
• Smart Manufacturing and Resilient Supply Chains
3.00 PM - 5.10 PM
Morning Session (18 October)
• Meeting Customer Needs in Banking and Financial Services
9.00 AM - 11.15 AM
• Digital Consumer
11.15 AM - 1.20 PM
Afternoon Session (18 October)
• The Citizen Centric Smart City
1.20 PM - 3.05 PM
• Next Gen Technologies
3.05 PM - 4.00 PM