MDEC

Malaysia is targeting stronger global stage presence with fresh funding and incentive programs for games, animation and metaverse.

Digital investments in Malaysia hit a record MYR 163.6 billion ($36.81 billion) in 2024, compared to MYR 46.8 billion ($10.53 billion) in 2023, driven by a stable government and pro-business policies in reinforcing the country’s reputation as a regional tech hub, Malaysia Digital Economy Corporation (MDEC) said Thursday.

The Malaysia Digital Economy Corporation (MDEC) said Monday it is dedicated and committed to support Malaysia in achieving or surpassing the 25.5 percent digital economy contribution to gross domestic product (GDP) by year-end through initiatives that catalyze digital transformation, talent development and technology adoption across businesses.

The Malaysia Digital Economy Corporation (MDEC), under the purview of the Ministry of Digital, has launched an initiative to accelerate small medium enterprises (SMEs) digital transformation in Malaysia, starting with the northern state of Penang.

The Malaysia Digital Economy Corporation (MDEC) has on Thursday announced the public launch of the IP360 Metaverse Platform, an initiative in digital innovation and cultural preservation.

The combined funding will be instrumental in fostering the growth of Malaysian startups, particularly in line with Malaysia’s KL20 initiatives, and reinforcing our country’s position as a key player in the Southeast Asian startup ecosystem.

EMERGE Group will leverage its extensive network of Web3 gaming partnerships, including collaborations with Gala Games, Immutable X, TZ APAC, Sei and other leading Web3 gaming projects, to identify synergies and advance Web3 game publishing.

The Investor Matching Program is supported by prominent funds managing billions in assets, including Vertex Ventures, Granite Asia, 500 SEA, Eurazeo, Nordstar, Gobi Partners and many others.

Telecommunications infrastructure company EDOTCO Malaysia has on Tuesday announced two strategic partnerships with Malaysia Digital Economy Corporation (MDEC) and Boost to accelerate Malaysia's digital economy through next-generation digital infrastructure and financial inclusion initiatives.

Malaysia Digital Economy Corporation (MDEC) under the newly established Ministry of Digital in Malaysia said it will introduce new Malaysia Digital (MD) tax incentives in May to boost Malaysia's digital leadership.