Malaysia Hotline: +603- 2141 8908
Multimedia
Development Corp (MDeC), the key force driving the nation’s digital economy
transformation, is responsible mainly in attracting foreign direct investments
(FDIs).
Chief
executive officer Datuk Yasmin Mahmood Yasmin said MDeC had been cumulatively
responsible for securing RM285 billion worth of investments into the country.
She said last year produced sterling results, with an 11 per cent increase in
revenue to RM38.52 billion, compared to three 3 per cent in 2014 previously. “We
are part of the Investment Promotion Agency which rolls up into the Malaysian
Investment Development Authority.
Malaysia
has ranked in the Top 3 in AT Kearney’s Global Services Location Index for 10
consecutive years, with only China and India ahead of us,” said Yasmin said in
a statement. She said MDeC’s role, which did not end with just bringing in
FDIs, also followed through to ensure investments made were successful. “As an
example, Scope, a wholly-owned subsidiary of Standard Chartered Bank, started
operations in Malaysia back in 2001 and since then, the company has grown to
employ a local workforce of more than 4,000 people.
“Last
year, it announced further investments in Malaysia, setting up a 24/7
‘Collective Intelligence and Command Centre’ here for Standard Chartered’s
global operations,” she said. She said that another example was Scicom, a
home-grown Multimedia Super Corridor (MSC) company which that was listed on the
Bursa Malaysia. It employs close to 2,000 people, servicing more than 40
million customers in 90 countries and in 30 different languages. Meanwhile,
Yasmin said many local information and communSications technology companies
suffered from a start-up ceiling syndrome (stay in start-up mode, unable to
scale-up).
Smaller
local companies with technologies at the heart of today’s digital disruption
need help to scale up, she said, giving two examples: Speedminer, which
delivers sentiment analysis technology as well as Neuramatix, a pioneering
machine learning company. MDeC CEO Datuk Yasmin Mahmood says the corporation
helps to ensure that investments made are successful.
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