Exemption for telcos & data centres on potential increase in power tariffs MyIX lowered port pricing by 33% last year to further benefit country ChatGPT and Artificial Intelligence (AI) may be the hottest tech trends sweeping across the world but in Malaysia, the digital economy and increasing utilization of the internet are the two hot developments. One recent data point shared last week by the Malaysia Internet Exchange (MyIX) attests to this. Demand for Internet bandwidth in the country continues to soar with a peak of 1.9 Tbps usage last month (December 2022).
Exemption for telcos & data centres on potential increase in power tariffsChatGPT and Artificial Intelligence may be the hottest tech trends sweeping across the world but in Malaysia, the digital economy and increasing utilization of the internet are the two hot developments.
“Digitisation is indeed accelerating in Malaysia, which is a good sign considering that studies have shown that a country's ability to compete in the 21st century increasingly depend on efficient use of information and communication technologies,” he said. MyIX said it is looking forward to more investor-friendly policies to further strengthen Malaysia’s position as a regional tech hub. Suggestions include reinstatement of cabotage exemption policy for foreign vessels to conduct undersea cable repairs. This is because various foreign multinationals have already invested substantially in submarine cables connecting Malaysia to other parts of the world.
Other suggestions include exemption for telecommunications companies and data centres on potential increase in electricity tariffs to attract more foreign direct investments into the country.
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