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MSC Malaysia on track, MDeC says

AvantiKumar | June 26, 2014
Malaysia's national ICT agency said 2013 revenue jumped 3 percent over 2012, which included strong performances in export sales and GDP contribution.

MDeC CEO new modified 

Photo - (From left) Ng Wan Peng, Chief Operating Officer, MDeC; and Datuk Badlisham Ghazali, CEO, MDeC.

 

Malaysia's national ICT agency Multimedia Development Corporation (MDeC) recently announced that the national ICT initiative MSC Malaysia's 2013 saw another year of continued growth with  especially strong performances in the area of export sales and GDP [gross domestic product] contribution.

MDeC chief operating officer Ng Wan Peng said revenue grew to RM34.55 billion [US$10.73 billion], which was a 3 percent jump from 2012 while new investments increased to RM 3.0 billion [US$0.93 billion], also a 3 percent increase for the year.

In the area of export sales, MSC Malaysia companies reported a total of RM12.41 billion [US$3.86 billion], representing a 7.4 percent year-on-year increase, while 9,221 jobs were added from 2012, said Ng.

She said contribution to GDP increased to RM12.06 billion which was a 6.5 percent [US$3.75 billion increase. "This performance also means that MSC Malaysia's GDP contribution has increased by 23 percent over the past five years. In the area of remuneration, MSC Malaysia continued its upward trajectory showing a 5 percent increase in average salaries, bringing the 2013 average to RM5,746 [US$1,785]. This represents a cumulative average growth rate of 10 percent since 2010."

MSC Malaysia also saw growth in the area of new companies with a total of 236 being awarded MSC-status in 2013. "This represents a 7.5 percent increase from the previous year bringing the total number of MSC-status companies to 3,403," said Ng.

"This has been another good year for MSC Malaysia and we are very pleased not just about this year's strong performance, but the continuous and consistent growth. Our strong and trajectory bodes well for the way in which MSC Malaysia has been shaped and driven," she said.

 The lightning rod

 "The MSC Malaysia initiative, which began in 1996, has served as a lightning rod for the growth of the ICT industry in the country," said Ng. "From a manufacturing-type base, MSC Malaysia helped pave the way towards software and services while making strong inroads into Creative Content and of course giving rise to the Shared Services industry."

"Having contributed more than RM123 billion ringgit [US$38.21 billion] in revenue, RM153 billion [US$47.53 billion]  in investments and more than 130,000 jobs since its inception, we are very confident that MSC Malaysia will continue to play an important role as a catalyst for ICT and the larger digital economy", she said.

In the area of jobs, MSC Malaysia has done particularly well having shown a 39 percent increase in new jobs since 2009. As of 2013, the total number of jobs in MSC Malaysia stood at 138,071. Of these jobs, 87 percent were filled by Malaysian knowledge workers, Ng said.

"We believe that such positive results are a testament to MSC Malaysia's long-term vision and strategy to not only raise the bar in the local ICT industry but also complement all ongoing efforts to elevate Malaysia towards high-income developed nation status by 2020," she said.

"The next six years will be crucial, as MDeC continues to take MSC Malaysia to the next level with new regional and global go-to market opportunities while also ensuring that our citizens are more digitally savvy and able to leverage on digital technologies to improve their standard of living," Ng said.

In 2014, MDeC will continue to focus on identifying new industry opportunities and investment potential for MSC Malaysia companies, she said. "The InfoTech Cluster will intensify its efforts in creating online distribution channels for MSC Malaysia products while also boosting investment in the Asean market."

 

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