Malaysia’s 2020 budget includes boosting 5G ecosystem

Malaysia sets its direction towards digital economy.

Syamil Faisal15 Oct, 2019

Malaysia’s 2020 budget includes boosting 5G ecosystem

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.”

Syamil FaisalAuthor

Founder at Conscious Creatives. Storyteller.

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