The Muamalat Newsletter Vol.1 2023

55 FEM Newsletter | June 2023 emphasizes the importance of improving human capital development, promoting sustainable development, and fostering innovation and entrepreneurship. Furthermore, the government has implemented various tax incentivesandsubsidies toencourage investments in key industries, such as technology, manufacturing, and tourism. These policies are designed to support businesses in Malaysia and create jobs, which will lead to economic growth and improved living standards. Digital Investments Future5 (DIF5) TheMalaysiaDigitalEconomyCorporation(MDEC), Source: www.mydigital.gov.my Malaysia’s lead agency in digital transformation, today announced its ‘Digital Investments Future5 (DIF5) Strategy’, a five-year plan focusing on five key thrusts aimed at attracting investments and advancing Malaysia’s digital economy in line with the Malaysia Digital Economy Blueprint or MyDIGITAL. The five-year initiative, which will run from 2021 to 2025 following the 12th Malaysia Plan, aims to secure high quality digital investments as it seeks to unlock new drivers of growth in the digital economy. Cumulatively, MDEC has brought in RM345 billion worth of investments via MSC Malaysia since 1996, creating 184,396 jobs, andhousing40of the Forbes100 companies in Malaysia. MDEC have capacities and facilities to drive Malaysia’s digital economy into high The future Malaysia envisioned by MyDIGITAL will see the rakyat enjoy improved digital literacy, more high- paying jobs, improved social wellbeing and environmental sustainability; businesses, including micro, small and medium enterprises (MSMEs) that form the backbone of Malaysia’s economy, will enjoy greater opportunities to build and expand locally, regionally and even globally through digital revenue streams, more opportunities to integrate between economic sectors, and to be more cost efficient through shared economy. A digitally enabled government will provide integrated end-to-end online government services which are more efficient, effective and transparent. Malaysia in 2025 will advance to achieve the following targets: Source: www.mydigital.gov.my