Technical Working Group on Financial Services
About
Malaysia has progressively becoming more integrated regionally distributed production networks and increasingly specialized in more complex tasks and more labor intensive activities to other countries.
Moving forward, Malaysia needs to create a dynamic ecosystem for its digital economy that embodies changes to its infrastructure, regulations, skills, and public finance. The country needs to achieve ubiquitous, fast, and inexpensive internet connectivity for businesses and households; fix the way it regulates the internet so unfair and damaging business practices can be corrected; improve human capital through better curriculum and life-long learning opportunities; encourage more vibrant private sector finance so digital entrepreneurs can bring ideas to market; and take measures that will safeguard future tax revenues to improve public services and reinvest in areas that the economy needs most.
The Technical Working Group on Digital Economy (TWGDE) will supports towards dynamic ecosystem that embodies changes to its infrastructure, regulations, skills, and public finance.
Focus Area
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Digital Infrastructure
Digital connectivity issues in Malaysia, highlighting the country’s widespread availability of basic internet access, slower speeds but higher prices than the average high-income country and slow growth in ultrafast broadband services.
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Digital Skills
Human capital constraints are Malaysia’s biggest barrier to fully developing the digital economy.
Numerous studies have identified the lack of digital skills as a critical barrier to economic transformation.
Malaysia’s education system has not been successful in preparing adequate numbers of graduates for its high-tech export industries, let alone the increasing demands of the digital economy
Members of TWG Financial Services
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Dr. Chris Daniel Wong
Co-Chair TWG Digital Economy / Chairman of Malaysia Digital Chamber of Commerce (MDCC)
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Dr. Raymond Woo
Alternate Member / Emeritus Chairman of Malaysia Digital Chamber of Commerce (MDCC)
FAQs
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.