In his Budget wish list, energy management specialist Schneider Electric Malaysia vice president John Atherton [pic] hoped for more incentives to promote energy management standards for buildings and drive more organisations in the public and private sectors towards energy efficiency.
"While the government has actively taken initiatives to promote the adoption of green technology such as the recent Prime Minister's office retrofitting project, introducing a series of tax incentives will encourage companies to improve their buildings' energy efficiency and lower energy consumption," said Atherton. "With rising energy costs and the threat of global warming, many businesses now realise the benefits of energy efficiency: reduce their carbon footprint, while minimising waste."
"Demand for electricity in Malaysia has been growing in tandem with Gross Domestic Product (GDP) growth," he said. "Research conducted by Economic Planning Unit (EPU) showed that the demand for electricity in Malaysia has increase 3.52 percent in 2012 compared to 3.48 percent in 2011. According to KeTTHA, Malaysia's electricity production is projected to increase by a growth rate of 5.3 percent from 2005 to 2030, and based on this forecast, the country will need even more energy as it strives to transform into a high-income economy."
CA Technologies vice president, Asia South, Victor Cheng [pic] said Budget 2014 was "both people- and business-friendly 2014 Budget, and one that offers a strong buffer against economic uncertainties as we move into 2014. We are confident that Budget 2014 will accelerate Malaysia's competitiveness regionally and globally."
"The age of innovation is upon us, and we are seeing many exciting socio-economic developments across many Asian nations, including Malaysia," said Cheng. "Companies, organisations, and governments need to be agile and innovate to succeed and better connect with their constituents in this connected market. This underscores the increasingly important role that IT plays in business transformation to drive greater productivity, collaboration, efficiencies and sustained growth."
"The incentives allocated for environmental conservation and resource management are also good news," he said. "The tax allowance for the purchase of green technology equipment and tax exemption on the use of green technology services and system will enable businesses to leverage on technology as a sustainability game changer. Sustainability is a team sport, and we are all stewards of the planet for future generations.
"We applaud the announcement of the Malaysian Green Foundation with a grant of RM15 million [US$4.77 million] to promote and enhance use of green technology by the corporate sector and the general public," said Autodesk Malaysia's CS Tan. "This positive step forward to encourage the adoption of green technology is a reflection of the government's positive attitude towards a more sustainable environment."
"The allocation of funds for tertiary education excellence and the strengthening of skills training for graduates will allow Malaysia to develop the talent pool that will embrace the new world of connectivity and drive human capital development, economic empowerment and community enablement across industries and communities," said Cisco's Tan.
"Connecting people, processes and things - that is what the future is about," he said. "We are excited to see the implementation of the Mobile Community Transformation Centre (Mobile CTC) and the enhancement of public transportation services for a seamless network between urban and rural areas. Imagine this becoming a connected transportation initiative where Wi-Fi and cloud can provide an incredible amount of data, which the transportation authority can use to manage traffic and schedules, and offer new services using Malaysia-developed applications (thanks to the entrepreneurs who took advantage of the integrated package for SMEs).Tomorrow starts here for Malaysia."
(An updated and edited version of this article will appear in the Jan-Feb 2014 print edition of Computerworld Malaysia.]
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