5G tech key to developing digital economy — Fahmi
04 Jul 2024
Communications Minister Fahmi Fadzil said 5G technology is key to developing the digital economy by fostering entrepreneurship and expanding small and medium enterprises (SMEs).
He said the contribution of 5G to the national economy is expected to boost the gross domestic product by sparking new services, industries, and business models, and increasing productivity and efficiency across various touchpoints.
“The development of 5G aligns with the government’s goal of achieving inclusive growth and ensuring digitalisation benefits all segments of society,” he said.
He said this in his speech at a ceremony for the exchange of a memorandum of understanding (MoU) between the Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Investment Development Authority (Mida) here today.
Fahmi said the MoU aims to enable vertical sectors and SMEs to leverage the use of 5G technology.
He said under the MoU, the MCMC will provide technical support and training in preparation for the integration of 5G, while emphasising the importance of harnessing 5G technological advancements for the industries concerned.
Mida will identify potential companies that can utilise 5G to advance their businesses.
“This approach will ensure more efficient 5G adoption and meet the needs of various sectors. With this collective effort, the government will unlock the full potential of 5G, drive innovation, transform industries, and shape a more connected Malaysia.
“I hope the signing of this MoU will open a new chapter for vertical sectors and SMEs in the country, making them more competitive and enhancing productivity in business management,” he said.
Source: Bernama
