Malaysia’s Digital Economy Blueprint. The Way Forward for Digital Careers
In a move to spur the economy, the government unveiled the Malaysian Digital Economy Blueprint or MyDigital in early February 2021. The blueprint calls for Malaysia’s transformation into a “regional digital pulse” by 2030. Launched by Prime Minister Tan Sri Muhyiddin Yassin, MyDigital will complement other national development plans such as the 12th Malaysia Plan and the Shared Prosperity Vision 2030 announced earlier. He stressed that “MyDigital will empower Malaysians from Perlis to Sabah, improving their lives in every aspect. It encompasses ideas and plans to increase digital literacy, creating high-income jobs, improving banking and finances, gaining better digital access to education and medical services in rural towns.”
And in a March 31, 2021 news conference with Nikkei Asia writer Prem Kumar, Bank Negara Governor, Nor Shamsiah Yunus, said the growth of the Malaysian economy is set to grow between 6% and 7.5% this year. “The Malaysian economy is projected to rebound in 2021, with the gross domestic product achieving pre-COVID-19 levels by mid-2021.” She is confident that with the COVID-19 vaccination gathering momentum and stronger external demand driving the recovery from the 5.6% contraction (of the previous year), we may see the light at the end of the tunnel.
The outlook looks promising for a rebound in our economy. Hopefully, it stays that way although the overall situation appears depressing. People are losing their jobs; businesses are forced to shut down and movement of people restricted from travelling between districts and states. And many other dos and don’ts that do not augur well for the local economy. The sooner these restrictions are lifted, the faster the process of getting back to normal. For that to happen, the government must hasten the vaccination process by joining forces with all the states in a more cohesive and concerted manner. Of course, Malaysians and other residents in the country must play their parts to combat the Covid-19 menace.
But the best is yet to come. As I wrote in my earlier blogs, the digital revolution is the determining force in Malaysia where almost every sector is transforming the way it conducts business and in other activities digitally. The scope is ever-widening and offers young professionals the golden opportunity to migrate to the digital era. Those with the right qualifications and experience are in demand and much sought after. Digital careers are high-income careers. So are the incredible opportunities that come with it! You have a place in Malaysia’s digital economy pie (or, shall I say, cheese?). It is yours to take advantage of now, so don’t let the coronavirus grab it from you.
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And make your pulse felt in Malaysia’s Digital Economy!