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Malaysia reveals initiatives to drive digital economy, investments

Malaysia has announced its two major initiatives that aim to attract investments that will drive the digital economy in the country and the region. One is the DE Rantau programme, which is aimed at establishing Malaysia as the preferred Digital Nomad Hub in a bid to boost digital adoption and to promote digital professional mobility and tourism across the country. The other is the Malaysia Digital Trade programme, which is set to drive interoperability and greater harmonisation of standards and regulatory approaches, to facilitate trade within and across borders. Malaysia Digital Economy Corporation (MDEC) chief executive officer Mahadhir Aziz said the government will have at least an estimated MYR2.1bn (USD500m) possible additional revenue once e-invoicing is in place, which will take three to six years depending on other countries.

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