IDC's Ling said, "As the nation moves towards the new taxation system [GST], a key stabiliser to support continued IT spending for corporations will be the extension of the Accelerated Capital Allowance until year of assessment 2016. IDC sees this as important as continued investment in ICT will be the necessary fabric for the 3rd platform. Given that expenses incurred for training in accounting and ICT related to GST will also be given tax deductions for years of assessment 2014 and 2015 further creates opportunities for related ICT vendors to address."
"For the last 40 years, the global IT industry has periodically refreshed itself on new solutions, business models, and industry structures, but has always been rooted to a platform for ecosystem, solutions creation, and delivery," he said. "Looking at the big picture, what separates each era is a shift in platform and what really defines each growth platform is not so much the technologies but the scale and scope of users and uses the technologies enable. As the global ICT arena transitions into the 3rd platform with Cloud, Mobility, Social and Analytics as its 4 pillars, IDC sees the budget as a step in the right direction, even if it is an unfulfilled wish list. Key to growth will be the ICT ecosystem capitalizing on the initiatives drawn from the budget."
Speaking in his other role as group chief executive officer of carrier-neutral datacentre AIMS Group, Chiew Kok Hoon said the accelerated capital allowance for the purchase of ICT equipment and software will be appreciated by the industry.
Video surveillance systems provider Axis Communications' Asia South Pacific regional director Oh Tee Lee [pic] welcomed the proposals to upgrade security and police force resources.
"Public safety is critical to the creation of a safe city and the allocation of RM200 million [US$63.61 million] to equip the Royal Malaysia Police (PDRM) with sophisticated technology and cutting-edge equipment would augur well in giving the citizens peace of mind," said Oh.
"In addition, the government's RM20 million [US$6.36 million] allocation to install 496 closed-circuit cameras (CCTV) in 25 local authorities as well as RM128 million [US$40.71 million] to further strengthen the police force by upgrading the Police Headquarters, District Police Headquarters (IPD) and staff quarters will herald a new phase in the development of predictive policing and technology-led crime reduction," he said.
Security solutions provider Symantec Corporation vice president for Asia South region Eric Hoh (pic) said the Budget 2014 proposals constituted an important demonstration economic transformation by the Malaysian government. "It’s clear that the Government has thought deeply about the challenges it faces in today’s environment, as clearly articulated in the Budget 2014 theme. This is critical as it influences Malaysia’s sovereign rating, which in turn will influence direct foreign investment and other drivers that will benefit Malaysia in general."
"The five regional economic corridors highlighted in Budget 2014 present vast opportunities for investment by local and multinational organisations to take Malaysia to the next level," said Hoh. "Several significant infrastructure projects have been announced and these will create new revenue streams and fresh employment opportunities. With these opportunities, it is imperative that Malaysia ensures that her workforce is suitably capable to meet the demands of a highly connected and mobile society, fuelled by rapid advances in technology that meet enterprise and social needs."
"In addition, the allocations to the Royal Malaysia Police and RM13.2 billion [US$4.21 billion] to the Malaysian Armed Forces (ATM) are clear indications of the Government’s commitment to combating crime and averting foreign threat which may disrupt national security and public order," he said.
"While safeguarding our physical territories and borders, Symantec recommends for the Malaysia government to also dedicate budget in addressing cybercrime," added Hoh. "With rising cost of cybercrime globally which has reached US$113 billion this year according to 2013 Norton Report, this is a key area that needs to be seriously looked into.As the Malaysian Government moves towards connecting more and more of its citizens to the Internet, the rapidly changing cybercrime landscape poses a greater risk than before. Symantec recommends that the Malaysian Government consider initiatives and investments in crime reduction to include cybercrime and increase the awareness of the rakyat in the changing trends of cyber threats and the common tactics of cybercriminals."
'Green' tomorrow starts here for Malaysia
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