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Earlier today, MDeC's (Mutimedia Development Corporation) head honcho Datuk Badlisham Ghazali released a statement in response to the preliminary announcement of the New Economic Model (NEM) by our Prime Minister. The corporation - a keen investor in the local ICT scene - is said to be excited because MSC Malaysia's "pre-existing focus on wealth creation, delivering higher value and generating higher income through Information and Communications Technology (ICT)" works hand in hand with the basis that the NEM is built around.

“So I call on Malaysian companies, investors and entrepreneurs - to seize the opportunities before us and become regional and even global champions.”  

MSC Malaysia answers the clarion call – we have 238 world-class companies, 147 of which are Malaysian. Our goal is to create 3 global icons by 2015, each with annual revenues in excess of US$500m and with dominant market share in the niche markets that they serve.

The statement also highlights many of the PM's quotes during the speech, like the one above, and describes in brief how MDeC is already working in perfect harmony with the New Economic Model.
Full statement is available after the jump.


“JCY Berhad is also a proud example of a positive private sector activity that started small and now produces 25 percent of the world hard disc drives.”
JCY International Berhad is an MSC Malaysia-status company that hires 4,117 employees. It was listed on Bursa Malaysia in February this year, joining 57 other MSC Malaysia status companies that have gone public since the creation of the National ICT Initiative in 1996.

“We cannot depend solely on new capital to fuel growth. Rather we must use it more effectively to increase productivity, stimulate innovation and enhance the skills of the Malaysian workforce.”
In Phase 2 of MSC Malaysia, MDeC embarked on a programme to e-enable Malaysian SMEs. To-date, more than 6,500 SMEs have been impacted. By the end of the RMK-9 period, a total of 10,000 SMEs would have benefited from a series of programmes aimed at enhancing total factor productivity (TFP) and stimulating innovation.  

The MSC Malaysia Smart School Flagship has helped fuel computer-aided instruction and training in the Malaysian Education System. If enhanced, similar programmes, which are planned in RMK-10, can contribute to the development of the workforce of the future. Computer-aided instruction, explored in the comfort of the home or office, can also help in the multiskilling of employees. This is also in our interest as talent is a critical part of our competitive offering to potential and existing investors.

“For instance, the government is consulting on a series of fiscal reforms that will reassess the subsidy system that exists in Malaysia and broaden our revenue-raising base through the proposed introduction of a goods and services tax.” 
MSC Companies can quickly provide solutions to help implement new Government initiatives e.g. MyKad for verification of deserving recipients of subsidies. Accounting solutions, Point-of-Sales systems that are GST-ready can be rolled out by MSC Malaysia status companies to implement the initiative when it is ready for roll-out.

ICT, in general, and MSC Malaysia, in particular, is at the heart of the knowledge industries of the future. This is embodied in the development of ICT as an industry, with the targeted FDIs catalyzing the development of domestic direct investments.

“Not only do I want the Rakyat to earn better but they must also live better. Raising the quality of life must be an integral part of the New Economic Model.”
MSC Malaysia’s 7 Flagship Applications contribute to the socio-economic development of the country. These are the Smart School, e-Government, TeleHealth, Smart Card, R&D, e-Business, Technopreneur flagships. Moving forward, plans are afoot to enhance these by the creation of specific initiatives that enable business and empower society. The latter is aimed specifically at contributing to the enhancement of the Malaysian Quality of Life Index.

“We must develop stronger clusters that serve as incubators for startup companies, ensure shared services and develop more businesses and university linkages.”
Shared Services and Outsourcing (SSO)-centric activities are to be promoted. The follow-through action is to create a policy that encourages the creation of shared services centres and outsourcing amongst GLCs.

“We have strengths in the IT industry. The creative industries – our music, film, arts and cultural expertise – can be an important sector in Malaysia’s future.” 
MSC Malaysia’s Creative Multimedia Cluster (CMC)’s 190 companies  recorded RM4b in revenues and RM186m in exports last year. Collectively, they provided 7,028 jobs spent RM125m on R&D and filed or protected 390 IPs filed the same period. (Source: MSC Malaysia Annual Industry Report 2009).  Other clusters like SSO and InfoTech contributed RM20.8 b in revenues and RM6.9b in exports last year.
“So I call on Malaysian companies, investors and entrepreneurs - to seize the opportunities before us and become regional and even global champions.”  
MSC Malaysia answers the clarion call – we have 238 world-class companies, 147 of which are Malaysian. Our goal is to create 3 global icons by 2015, each with annual revenues in excess of US$500m and with dominant market share in the niche markets that they serve.