Malaysia has emerged as a dynamic hub for technology and innovation, boasting a vibrant start-up ecosystem and an inspiring entrepreneurial spirit, said Communications and Digital Minister Fahmi Fadzil.

He said the Malaysian government recognises the pivotal role of technology in driving economic growth and has taken significant steps to cultivate a favourable environment for tech investments and entrepreneurs, in order to accelerate the digital economy.

“The government has also placed great emphasis on the growth of Malaysia’s digital economy, which has progressively increased its share of the national economy,” he said in his speech at the launch of Malaysia Digital Economy Corporation (MDEC)’s Horizon — Digital Economy Publication 2022, here on Monday (July 10).

Fahmi said the digital economy stands as one of Malaysia’s primary economic pillars, contributing 23.2% to its gross domestic product (GDP) in 2021, and the figure is projected to rise to 25.5% by 2025.

Join us at the Responsible Business Exhibition and Multi-Stakeholder Conference, co-organised by Thomson Reuters Foundation and EUROCHAM Malaysia, as we navigate the future of responsible business practices in the face of global legislation. Discover the tools and services that will empower your business to comply with emerging regulations and stay competitive in the international market.

In an era of evolving global legislation, including significant directives such as the EU's Corporate Sustainability Due Diligence (CSDDD), Reporting Directives (CSRD), and the German Supply Chain Act, businesses must adapt and thrive. The Responsible Business Exhibition is curated to address these challenges head-on and provide the necessary tools and services for companies to advance their responsible business practices, with a particular focus on ethical recruitment.

Be prepared to gain invaluable insights during the event's opening session, where we will dive deep into the implications of these new global regulations for businesses in Malaysia. Our expert speakers will shed light on the legal frameworks underpinning these regulations, empowering you with practical steps to ensure compliance while maintaining a competitive edge in the international market.

Malaysia has become a global leader in 5G connectivity with fast and reliable networks, according to the most recent benchmarking study "Benchmarking the Global 5G Experience - June 2023” by Opensignal, a website specialising in mobile network performance measurement and analysis.

Data points in the report show that Malaysia has achieved outstanding results in implementing and delivering a great 5G experience for consumers.

The Opensignal research shows that Malaysia's 5G network delivers excellent speed and reliability, outperforming many industrialised nations with an average 5G download speed of 322.7 megabits per second (Mbps).

Malaysia is ranked fourth for average 5G download speed behind South Korea (432.5 Mbps), Singapore (376.8 Mbps), and Brazil (346.4 Mbps).

In total, there are only seven markets where average 5G speeds are above 300 Mbps.

EUROCHAM Malaysia was honoured to be invited to the esteemed IDFR Distinguished Lecture Series, in a captivating event titled 'When Elephants Fight, Will ASEAN Get Trampled?'. The event saw the convergence of notable personalities, including YBhg. Dato’ Dr Shazelina Zainul Abidin, Director General of IDFR, the distinguished lecturer Professor Kishore Mahbubani, Distinguished Fellow at the Asia Research Institute, National University of Singapore, and the moderator YBhg. Dato’ Dr Ilango Karuppannan, Adjunct Professor at the University of Malaya.

EUROCHAM Malaysia extends its heartfelt gratitude to IDFR for extending the invitation to this insightful event. We are immensely grateful for the opportunity to engage in meaningful discussions that enhance our advocacy relations. We eagerly look forward to future collaborations that foster mutual understanding and promote the growth of ASEAN's regional economy.

Join us at the Responsible Business Exhibition and Multi-Stakeholder Conference, co-organised by Thomson Reuters Foundation and EUROCHAM Malaysia, as we navigate the future of responsible business practices in the face of global legislation. Discover the tools and services that will empower your business to comply with emerging regulations and stay competitive in the international market.

In an era of evolving global legislation, including significant directives such as the EU's Corporate Sustainability Due Diligence (CSDDD), Reporting Directives (CSRD), and the German Supply Chain Act, businesses must adapt and thrive. The Responsible Business Exhibition is curated to address these challenges head-on and provide the necessary tools and services for companies to advance their responsible business practices, with a particular focus on ethical recruitment.

Be prepared to gain invaluable insights during the event's opening session, where we will dive deep into the implications of these new global regulations for businesses in Malaysia. Our expert speakers will shed light on the legal frameworks underpinning these regulations, empowering you with practical steps to ensure compliance while maintaining a competitive edge in the international market.

On behalf of Straits Interactive, EUROCHAM Malaysia as a supporting partner would like to extend an invitation to our members to participate in the upcoming Masterclass: Generative AI and Its Implications on Data Protection.

📣 Masterclass: Generative AI and Its Implications on Data Protection🚀

Generative AI has arrived!

Did you know that almost 30% of professionals have already experienced the power of Generative AI? This groundbreaking technology, exemplified by ChatGPT, is set to drive the next wave of digital transformation. 🌊 The ability of intelligent applications to generate text, image, and video content is revolutionising the way we work and conduct business. 📈

But with great power comes great responsibility. 🕵️‍♀️ What are the implications of Generative AI on Privacy and Data Protection? Are there any concerns we should address? 🛡️

Discover how Generative AI, powered by revolutionary technology like ChatGPT, is set to drive the next wave of digital transformation. This groundbreaking innovation enables a new generation of intelligent applications to create compelling text, image and video content, revolutionising the way we work and conduct business.