83 Malaysian tech firms ink 26 memorandum of understandings (MOUs) in Indonesia, generating over MYR 450 million ($107 million) in digital exports and boosting ASEAN artificial intelligence (AI), cybersecurity ties.

Malaysia Digital Economy Corporation (MDEC) said in a statement on Thursday that the agency continues to drive Malaysia’s digital economy across ASEAN, strengthening regional cooperation and market access for Malaysian companies.

The MOUs were inked under its latest initiative of the DEX CONNEX Indonesia program.

DEX CONNEX Indonesia is a key regional initiative that facilitated the exchange of 26 MoUs between Malaysian and Indonesian companies.

These agreements span sectors such as cybersecurity, AI, cloud services, food and beverage (F&B), digital platforms, and talent development.

They are aimed at creating a robust and collaborative digital ecosystem across ASEAN, especially as Malaysia serves as ASEAN Chair and champions innovation as a driver of regional growth and resilience.

MDEC Chief Executive Officer Anuar Fariz Fadzil described Indonesia as ‘a vital partner in Malaysia’s digital ambitions’.

“Through DEX CONNEX, Malaysia is focusing on cross-border collaborations to continue building a resilient digital bridge between two thriving ecosystems,

“With our strong tech ecosystem and the spirit of ASEAN unity, both nations continue to nurture a future where digital growth is inclusive, sustainable, and benefits all layers of society, ensuring long-term success,” he added.

MDEC aims to push for 25.5 percent digital economy contribution to Malaysia’s GDP by end-2025