Malaysia's digital economy is set to reach US$31 billion in Gross Merchandise Value in 2024, marking a 16% increase from 2023.
By Digital News Asia November 26, 2024E-commerce, the top digital contributor grew 17% to US$16 bil GMV in 2024
As more companies deploy AI to innovate, improve efficiencies and customer experiences as well as bring new ideas to life, the demand for AI infrastructure will continue to grow. To meet this demand, Malaysia has recorded a large AI infrastructure investment among SEA countries at $15 billion in H1’24. The report estimates Malaysia's current data center capacity at 120MW and expects that to expand 5X over the coming years.
“As Malaysia assumes the Asean Chairmanship next year, we aim to be a regional champion for digital policies that are forward-looking and transformative, to promote a regulatory environment that encourages technological advancement and to nurture cross-border collaboration.
"At Google, we are committed to further support the growth of Malaysia's digital economy by accelerating the local workforce with AI-ready skills and tools. From equipping youths with future-ready skills in AI through Google Career Certificate scholarships to deploying Google Workspace for public officers, we are dedicated to ensuring Malaysia remains at the forefront of the digital age," he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global participation in Smart Nation Expo 2024 2024 shows confidence in MalaysiaKUALA LUMPUR: The participation of various brands and countries at the Smart Nation Expo 2024 reflects their confidence in Malaysia as a major digital...
Read more »
KBS to hold 2024 Paris Olympic post-mortem on Nov 14KUALA LUMPUR: The Youth and Sports Ministry (KBS), through the National Sports Council (NSC), will carry out a post-mortem session on the national ath...
Read more »
Nelly Korda earns 2024 Rolex Player of the Year AwardKorda is the second consecutive American to earn the Rolex Player of the Year, following Lilia Vu in 2023.
Read more »
Malaysia Tigers mara ke final Piala Mirnawan 2024Malaysia Tigers hampir menggandakan jaringan bagaimanapun gol Muhammad Rafiq dibatalkan oleh umpire perlawanan.
Read more »
Selangor International Business Summit 2024 Series 2 yields RM1.66 billion potential transactionsSHAH ALAM: The Selangor International Business Summit 2024 Series 2 (SIBS 2024 Series 2) wrapped up with impressive results, drawing 44,295 visitors f...
Read more »
Malaysia records RM45.04b in halal product exports from January to September 2024KUALA LUMPUR: From January to September 2024, Malaysia’s halal product exports increased to RM45.04 billion compared to RM39.36 billion in the same pe...
Read more »