{"id":9244,"date":"2021-04-23T14:09:18","date_gmt":"2021-04-23T06:09:18","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=9244"},"modified":"2021-04-23T14:09:19","modified_gmt":"2021-04-23T06:09:19","slug":"digital-investment-office-to-shape-up-nations-digital-investment-landscape","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=9244","title":{"rendered":"Digital investment office to shape up nation&#8217;s digital investment landscape"},"content":{"rendered":"\n<p>KUALA LUMPUR, 23 APRIL 2021 &#8211; The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) chaired by Prime Minister YAB Tan Sri Muhyiddin Yassin endorsed the establishment of the Digital Investment Office (DIO), entrusted to charge towards facilitating digital investments in Malaysia. <\/p>\n\n\n\n<p>The role of DIO is consistent with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision (SPV) 2030.<\/p>\n\n\n\n<p>The DIO is a fully digital collaborative platform between the Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) to coordinate and facilitate all digital investments. The objective of this endeavor is not only to create awareness of digital investments in the country but to also strengthen the coordination among all Investment Promotion Agencies (IPAs) in promoting and attracting new investments in this fast-evolution segment.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg\" alt=\"digital investment\" class=\"wp-image-9245\" width=\"511\" height=\"383\" srcset=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg 1024w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-300x225.jpg 300w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-768x576.jpg 768w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-133x100.jpg 133w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-350x263.jpg 350w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-800x600.jpg 800w\" sizes=\"auto, (max-width: 511px) 100vw, 511px\" \/><\/figure><\/div>\n\n\n\n<p>Senior Minister and Minister of International Trade and Industry (MITI), Dato\u2019 Seri Mohamed Azmin Ali remarked, \u201cThe Digital Economy is the engine of future growth for Malaysia. The setting up of this DIO is indeed timely in line with the evolution of the investment landscape in the region towards digitalization and Industry 4.0, as it will create a unique value proposition for the upcoming digital investments. We are optimistic that with this structured governance in investment promotion and facilitation, Malaysia\u2019s digital ecosystem will be further strengthened and primed for the future, ensuring the country remains competitive on the path of recovery post-COVID.\u201d<\/p>\n\n\n\n<p>Mr. Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA reiterated both the Agencies\u2019 commitment to facilitating quality investments into the country, including digital investments, \u201cThis DIO builds upon Malaysia\u2019s aspiration to position as a Digital Hub in the region. As the principal investment promotion and development agency of the country under MITI, MIDA looks forward to working closely with MDEC to accelerate the growth of digital investments, which will indirectly develop more highly skilled local professionals and groom digital global champions. In the long run, this will enhance Malaysia\u2019s competitive advantage, offering undeniable pull factors for investors, both foreign and local alike.\u201d<\/p>\n\n\n\n<p>\u201cThe DIO is a game-changer as it will be the single point of contact for investors in our digital economy. It is a significant milestone for the investment facilitation, combining MIDA\u2019s global infrastructure and MDEC\u2019s subject matter expertise in the digital economy ecosystem to attract high-quality digital investments to benefit our businesses and people, in line with our agenda of Malaysia 5.0,\u201d said Ms. Surina Shukri, CEO of MDEC.<\/p>\n\n\n\n<p>This collaborative effort between MIDA and MDEC will cater to the rapidly growing digital industries\u2019 needs with a view to anchor global technology leaders, build local champions, and nurture future-ready talent in Malaysia. <\/p>\n\n\n\n<p>In the long term, with the shift in the global digital landscape, the government anticipates the DIO to play a vital role to position Malaysia as the preferred Digital Hub and firmly establish Malaysia as the Heart of Digital ASEAN in the Southeast Asian Economic Region.<\/p>\n\n\n\n<p>NMT<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, 23 APRIL 2021 &#8211; The National Council of Digital Economy and Fourth Industrial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-9244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",1024,768,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-300x225.jpg",300,225,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb-768x576.jpg",640,480,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",640,480,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",1024,768,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",1024,768,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",1024,768,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",1024,768,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/0_jBuM4F7SoPIO5vFb.jpg",633,475,false]},"author_info":{"info":["Editor"]},"category_info":"<a href=\"https:\/\/newmalaysiatimes.com\/?cat=524\" rel=\"category\">Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9244"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9244\/revisions"}],"predecessor-version":[{"id":9246,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9244\/revisions\/9246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/9245"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}