Malaysia’s 2020 budget includes boosting 5G ecosystem

Malaysia sets its direction towards digital economy.


Syamil Faisal

15 Oct, 2019

Malaysia’s 2020 budget includes boosting 5G ecosystem | BEAMSTART News

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The government allocated $11.96 million investment to boost connectivity in Malaysia with 5G to enable advanced technology such as:

  • Smart manufacturing
  • Virtual reality
  • Drones
  • Autonomous vehicles

With The National Fiberisation and Connectivity Plan (NFCP), the government aims to bring high-speed internet for the whole nation, down to the rural areas of the country.

To promote the country’s digitalization, Malaysia sets up a $5.98 million investment fund for pilot projects:

  • Drone delivery
  • Autonomous vehicles
  • Blockchain technology
  • Fiber optics products

The government emphasized digital skill improvement for the workforce with the introduction of its new Digital Social Responsibility (DSR) program through these initiatives:

  • Technology scholarships
  • Training, and upskilling for digital skills
  • Made a series of investments in Technical Vocational Education and Training (TVET) in the country
  • Disbursed US$9.57 million to encourage working adults to take professional certification examinations in Industry 4.0-related fields.

Suresh Sidhu, CEO at edotco Group, said:

“Connectivity is key to ensuring a seamless transition to 5G and deploying shared infrastructure is crucial in that journey. As we move towards the era of Internet-of-Things (IoT) technologies, Artificial Intelligence (AI), development of smart cities and so forth, we will need the right solutions that can cope with the increased capacity demands.”

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