What Budget 2017 means for Malaysia's IT industry

(NEW UPDATE) A new commentary from IDC has joined CyberSecurity Malaysia, MaGIC, VMware, MDEC, PIKOM, Gartner, iMoney, Cisco, Symantec, Microsoft, CA Technologies, Autodesk, Canvas Instructure, and Uber.

By AvantiKumar
Nov. 21, 2016


Dr Amirudin Abdul Wahab  - CyberSecurity Malaysia 

Dr Amirudin Abdul Wahab (pic above), chief executive officer of national infosecurity agency CyberSecurity Malaysia noted the security allocations for public and the corporate sector.

"Cyber security will underpin the future growth of any digital economy and Malaysia should be ready to capitalise on this imminent trend," he said. "Cyberspace encompasses critical infrastructures, industries, communications, transportation, commerce, and national defence. Given the nature of the threats and vulnerabilities inherent in a networked, cyber-connected world, cyber security has indeed become fundamental and indispensable.”

"Governments must therefore recognise that ICT and cyber security are no longer a separate issues. New innovative approaches must be taken to address both simultaneously," said Dr Amirudin. "It is the core backbone of digital economies of the future. As we embrace the digital economy, we must keep in mind that cyber security is an important enabler that will give us the confidence to interact and transact digitally."

"Cyber security is essential to any digital initiatives in the country, without which, no national digital initiatives can go fast and/or far," he said. "In recent budget presentation, we welcome and support the allocation budget that was given to MDeC and MCMC for the development of e-commerce and other ICT initiatives. Cyber security programs must be part of the budget."

"But, we are hoping that the government also allocated a specific budget for cyber security education, awareness, training (capacity building), technical testing, evaluation, audit and certification in building online trust, confidence, assurances and safety as cyber security is a catalyst for digital growth in Malaysia," added Dr Amirudin. "With botnets infection, our critical national information infrastructure (CNII) could be brought down at any time. Thus, it could defeat all digital initiatives, collapsing our digital economy if funds are not provision for cyber security programmes and initiatives.

Ashran_Photo 1 - MaGIC 

Ashran Dato’ Ghazi (pic above), chief executive officer of Malaysian Global Innovation & Creativity Centre (MaGIC) welcomed the drive towards entrepreneurship development especially in the build up to the inaugural Global Entrepreneurship Community 2016 on 8th and 9th December.

“We are also really excited that the government has declared 2017 as Startup & SME Promotion Year.  This will help to create many opportunities for our community of entrepreneurs as well as for all the budding entrepreneurs out there,” said Ashran. "A big focus of ours next year will be to encourage greater collaboration between the whole ecosystem, helping entrepreneurs to benefit from all of the programmes designed to support them. We look forward to working alongside others who share this passion such as MDEC, which has committed to introduce a digital hub across the nation."

"In addition, MDEC will develop the next phase of initiatives for digital entrepreneurship through signature programmes, such as eUsahawan and eRezeki," he added. "We also want to encourage greater collaboration between industry players and startups as well as SMEs, which accounts for 97 percent of all enterprises in Malaysia. With initiatives such as the Corporate Entrepreneur Responsibility (“CER”) and Creativity & Innovation Labs (C&I Labs) we will be focused on helping entrepreneurs to use innovative solutions to solve real problems."

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