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Malaysia Looking to Partner with Japan for Digital Transformation

Malaysia Digital Transformation

The Minister of International Trade and Industry called on Japanese investors to leverage Malaysia’s push for digital transformation.

The country has been undertaking several digital transformation efforts through the National eCommerce Strategic Roadmap and through the country’s engagements at the international level.

These efforts signify the determination of the Government of Malaysia to propel the nation to become a digital nation thereby creating a conducive environment for investors to do business in Malaysia, the International Trade and Industry Minister stated at the Seminar on Business Opportunities in Malaysia.

The Malaysian government has developed several options for the Japanese investors to help them leverage Malaysia’s initiatives on Digital Transformation including setting up operations in the country and obtaining the MSC Malaysia status.

On the digital front, Japanese investors can apply for the MSC Malaysia status which provides eligible ICT-related businesses, both local and foreign, with a wide range of incentives, rights, and privileges to promote continued growth.

The tax exemption would also be granted for income that is derived from either services activities or intellectual property.

Japanese investors can partner with local companies that have access to the RM1 billion Domestic Investment Strategic Fund. The fund was set up to accelerate the shift of Malaysian-owned companies in targeted industries to high value-added, high technology, knowledge-intensive and innovation-based industries.

The fund aims to harness and leverage on outsourcing opportunities created by multinational companies (MNCs) operating in Malaysia, intensify technology acquisition by Malaysian-owned companies and enable Malaysian-owned companies to obtain international standards or certifications in strategic industries.

In partnering with local firms, Japanese investors can enjoy initiatives available for local companies such as Malaysia Digital Economy Corporation’s (MDEC) Digital Transformation Acceleration Programme (DTAP).

Established for large corporations and mid-tier companies, DTAP is an outcome-driven programme which aims to help businesses achieve an increase in productivity, reduce foreign labour dependency, as well as create new sources of growth or business models.

In addition, Japanese investors can tap into the robust Malaysian start-up ecosystem and utilise the Malaysia Digital Hub initiative which works to support tech and digital co-working spaces.

The Digital Hubs are essentially the centre that offers start-ups with the opportunity to expand globally, have ready access to high-speed broadband connectivity, funding and facilitation opportunities, and a workforce-ready ecosystem, among others.

The government has also announced new initiatives in the 2020 Budget to further boost the digital transformation such as customised incentive package.

An RM1 billion customised package incentive is available to attract investment from Fortune 500 and global unicorn companies in high technologies, manufacturing, creative and new economic sectors, which is allocated annually from 2020 to 2024.

To qualify, the Fortune 500 and global unicorns must invest at least RM5 billion each in Malaysia in selected high technology, knowledge-based and strategic projects.

The projects are advanced electronics and computing, advanced semiconductor, integrated circuit, artificial intelligence, medical devices, biotechnology, pharmaceuticals, biodiagnostics, specialised chemicals, aerospace, and green technology, and strengthening Malaysia’s manufacturing and service ecosystems.

Another initiative is the Global TestBed, which provides foreign companies with the platform for testing, developing and co-creating new technology and products in Malaysia to nurture an ecosystem for new technologies with proper governance structure and policies which encourage innovation.

Investing in Malaysia would enable Japanese investors to access the country’s robust tech talent ecosystem produced by the local educational institutes.

Moreover, Malaysia is willing to Japanese investors access to the ASEAN Data Analytics Exchange (ADAX), a data technology hub designed to proliferate data-driven decision making.

It is the catalyst for talent development and access to vibrant data ecosystem for investors to foster collaboration among businesses, start-ups, academia, and professionals so that these focus areas become an integral part of business innovation and decision making. In accessing ADAX, Japanese investors can tap into the data technology ecosystem within ASEAN.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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