What Budget 2017 means for Malaysia's IT industry

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By AvantiKumar
Nov. 21, 2016

Chris Lee - Country Manager, Autodesk Singapore, Malaysia and Brunei

Chris Lee, (pic above) country manager, Autodesk Singapore, Malaysia and Brunei, said, "With Malaysia now an upper middle income nation according to Purchasing Power Parity (PPP), the prime minister has outlined a promising budget which aims to maintain a sustainable economic growth. Autodesk commends the allocations given under Budget 2017 as it will indeed boost the investment and development across various industries."

Speaking of the allocation of RM200 million (US$47.79 million) for the National Blue Ocean Strategy (NBOS), Lee said, "Autodesk applauds the government's implementation of the My Beautiful Home initiative under the new NBOS."

"In addition to the company will continue its collaboration with local government agencies and partners in enhancing the Malaysian urban landscape with next generation technology such as Building Information Modelling (BIM) to help lower project costs, increase time savings, reduce waste and improve visualisations connected to the building process," he said.

"With disruptive innovation transforming markets and traditional methods of working being replaced, we believe there has never been a more important time to strengthen the implementation and adoption of BIM in Malaysia," said Lee.

Commenting on the overall allocation of RM80 million (US$19.12 million) to revitalize the creative, film, arts and cultural sector, Lim said: "we have seen a rising demand for creative content in Malaysia and we believe that the local film industry is set scale new heights through the inflow of production studios and adoption of new technologies such as virtual reality. Technology definitely has a great role to play when it comes to film making and as the leader in 3D design, engineering and entertainment software with an involvement across the worldwide media and entertainment industry."

Troy Martin - Director of APAC for Canvas, Instructure

Troy Martin, (pic above) director of APAC for software-as-a-service (SaaS) technology company Canvas, Instructure, said the latest budget "is another step forward in paving the way for Malaysia to become a knowledge-based, high-income nation by 2020."

"With the Malaysia Education Blueprint (MEB) in its second wave, the Government will continue to emphasise the importance of holistic education transformation by rolling out structural changes aimed at accelerating the pace of change," said Martin. This is underscored with the Government's investment of RM7.4 billion (US$1.77 billion) for 20 public universities to ensure that national higher education is on par with global standards. A further RM4.6 billion (US$1.10 billion) was allocated to Technical Vocational Education and Training (TVET) institutions to produce a local workforce that meets the industries' requirement."

"A 360 approach to connected learning combines peer to peer engagement, reciprocal teaching and parent-teacher collaboration. It provides teachers with a better view of their pupils' progress - allowing timely intervention and the ability to adapt, enabling students to learn on their own terms, in their own way. This is the value of holistic education, and we believe the Malaysian government is on the right track to achieving its goals in this vital area," he said.

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