While many industry players were largely enthusiastic about the national Budget 2016 that Malaysian Prime Minister and Finance Minister Najib Razak tabled in Parliament on Oct 23, some concerns remained.
Recognising that the majority of Malaysian mobile phone users, especially youth, are on prepaid accounts, the Government will be providing rebates on the Goods and Services Tax (GST) for prepaid cards, Finance Minister Najib Razak said while tabling the national Budget 2016 in Parliament.
The Malaysian Government’s Bumiputera Agenda Steering Unit (Teraju) said it has allocated RM120 million (US$29.9 million) for programmes it will be running with collaborators enable bumiputera entrepreneurs to be more competitive in both domestic and global markets.
In his first interview after his deal to sell off the Internet assets of JobStreet.com for US$582 million, Mark Chang speaks to DNA founder Karamjit Singh in New York about his excitement in building the next 10 hot ‘billion-ringgit’ startups.
Malaysian Prime Minister Najib Razak has announced new Digital Malaysia initiatives to further extend the benefits of the ‘digital economy’ to the Bottom 40% of the income pyramid (B40) and to deepen the economic impact of niche segments.
MDeC has announced a new Digital Malaysia initiative to harness and coordinate greater private sector contribution in community and social development targeted at the B40 group, the lowest 40% of the Malaysian population in terms of household income.