According to latest statement, MYNIC, the official registry for .MY domain names and digital enabler for Malaysians, lauds the government’s allocations dedicated to give SMEs and micro-SMEs a boost to help keep them afloat.
MYNIC Chief Executive Officer Datuk Ts. Hasnul Fadhly Hasan said he is pleased to see that wage subsidies have been increased and extended; and that the government has allocated RM1bil to boost digitisation activities.
“I am encouraged that the Budget has set aside RM4.6bil to help provide financial assistance to SMEs and micro-SMEs, with a special emphasis on supporting female entrepreneurs.
“It is also heartening to see incentives for businesses embracing digitisation and technology in the Budget. This is an essential step towards Malaysia’s digital economy goal. Covid-19 has accelerated the growth of e-commerce, digital payments, and digital processes, and it is good to see that the government is looking to continue this forward momentum by encouraging more businesses to come online and embrace these digital processes,” said Hasnul.
Hasnul said that MYNIC will continue to play its part in digitally-enabling Malaysians, particularly the rural and OKU communities. “We will continue to train these communities, and encourage them to bring their businesses online and contribute to Malaysia’ digital economy,” he said.
Additionally, Hasnul said that the government’s efforts to improve internet connectivity is a welcomed move.
“The allocation of RM7.4bil to MCMC to improve Malaysia’s broadband service in the coming years is a huge step forward in reducing the digital divide in Malaysia. The specific allocation of RM42mil under JENDELA to improve internet connectivity in industrial areas will also be a big advantage to businesses looking to digitise.
“Improved internet at cheaper prices, especially in rural Malaysia, will level the playing field and bring us closer to transforming the country into a competitive business hub that will help stimulate economic growth,” says Hasnul.
Meanwhile, Chief Executive Officer and co-founder of people management platform Employment Hero, Ben Thompson, said the Malaysian government’s push towards incentivising businesses to adopt digital processes will have a positive impact on the country’s digital economy.
“Covid-19 has changed the way we work, and the government’s RM1bil allocation to help drive digitisation will go a long way in helping small businesses work remotely and thrive in the digital economy,” said Thompson, who launched the Employment Hero service in Malaysia last month.
“Ample support from the government and players like Employment Hero means SMEs are not alone in this journey navigating the pandemic. Despite looming uncertainties, there are new avenues for SMEs to innovate and adapt to the new norms of working. This is not the time to adopt a wait-and-see approach, but rather to capitalise on opportunities to remain competitive and resilient,” he said.
Thompson said that Employment Hero’s core platform reduces admin time by up to 80 per cent and takes the hard work out of people management, so that employers can grow their teams and businesses with confidence.
