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MDEC Expects MSC Malaysia's Strong Momentum To Continue This Year
Last update: 21/05/2013
KUALA LUMPUR, May 21 (Bernama) -- Multimedia Development Corp (MDeC) expects MSC Malaysia to continue its strong momentum this year by focusing more on attracting strategic value investors.
MDeC Chief Executive Officer Datuk Badlisham Ghazali said the corporation was looking at investments that could offer knowledge process outsourcing (KPO), high value job creation and building strong platforms moving forward.
"It's about finding the right niches, our focus is about getting to the high-value economy and doing a better class of work," he told reporters after announcing MSC Malaysia's full-year results for 2012 here Tuesday.
MDeC is the government implementation agency set up as a company to drive the MSC Malaysia vision of an innovation-led, knowledge-rich, progressive society and nation.
Badlisham said on average MSC Malaysia attracted between RM1.5 billion and RM2 billion worth of investments. He, however, declined to reveal this year's target investment.
Last year, the national ICT (information, communications and technology)initiative managed to record RM2.92 billion worth of investments, an increase of 17 per cent over 2011.
In terms of distribution, 76 per cent out of this comprised domestic driven investment while 24 per cent was foreign direct investment.
In 2012, MSC Malaysia's revenue stood at RM33.53 billion, an increase of 5.7 per cent from 2011. Exports grew to RM11.6 billion, reflecting a 14 per cent rise from the previous year.
With this results, MSC Malaysia's contribution to gross domestic product stood at RM11.3 billion, recording a significant double-digit growth of 18 per cent from 2011.
As for job creation, 9,712 jobs were created last year which represented a 28 per cent growth over 2011, bringing the total number of jobs created since its inception to 128,850.
"The strong performance in 2012 can be attributed to several factors including MSC Malaysia's strategy of continuing to look at key emerging Southeast Asian market, improving market access, acceleration of channel development programmes and the formation of new go-to-market stacks that offered flexible products portfolio," said Badlisham.
Moving forward, he said the agency would focus more on driving the local ICT sector such as enhancing the quality of Malaysian content development, increase market access targeted at key emerging Southeast Asian market through 'stacking' approach, funding ecosystem and attract investment in the fields of KPO, big data and e-publishing.
"MDeC is confident of continued growth and believes that there will be even more opportunities in the coming year.
"We feel that MSC Malaysia will continue on this growth trajectory as more companies venture out to seize the opportunities that are mushrooming in the region," he added.
-- BERNAMA
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| OPENING, TUESDAY, MAR 9| US | 4.1180/1230 | | S'pore | 3.0479/0520 | | 100 Yen | 3.7752/7805 | | Sterling | 5.6882/6967 | | Euro | 4.8769/8833 |
Source: Bank Negara Malaysia |
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