Despite job market uncertainty due to the COVID-19 pandemic, Hays, specialist recruitment, reported that businesses in Malaysia expect business activity to increase by 54 per cent this year.
Reflecting on the positive business environment, Malaysia’s Digital Economy aspiration is also expected to increase the demand for technology talents. The Digital Economy Blueprint, MyDigital, and the country’s impending rollout of 5G are all contributing factors that is geared to spearhead both the economy and the job market for the next 3-5 years.
At the same time, the Malaysia Digital Economy Corporation (MDEC) has put in place plans to provide reskilling and upskilling programs to ease the transition of the existing workforce into the ICT industry. MDEC has various schemes like the SME Digitalisation Grant Scheme and Smart Automation Grant to support businesses in their automation and digitisation adoption efforts.
These measures will not only support the improvement of digital connectivity but also create a more inclusive digital society, spurring business activity that could increase Malaysia’s opportunity to be a regional digital hub leading the Fourth Industrial Revolution.
This story is from the August 2021 edition of Business Today Malaysia.
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This story is from the August 2021 edition of Business Today Malaysia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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