Local technology market hails Anuar Fariz’s visit to spearhead MDEC

KUALA LUMPUR: With the visit of Anuar Fariz Fadzil as the brand-new ceo (CHIEF EXECUTIVE OFFICER) of Malaysia Digital Economy Corporation (MDEC), the regional technology and telco markets are abuzz with exhilaration regarding his brand-new duty.

National Tech Association of Malaysia (PIKOM) chairman Ong Chin Seong stated Anuar’s experience in both the general public and economic sectors would certainly be vital beforehand the country’s electronic economic climate.

“On behalf of PIKOM, we congratulate Anuar Fariz Fadzil on his new role as CEO of MDEC.

“We are excited about the future under his leadership and the opportunity to deepen our collaboration with MDEC. His expertise and vision will undoubtedly help accelerate Malaysia’s digital transformation,” he stated in a declaration today.

Ong stated PIKOM stays totally dedicated to sustaining MDEC’s initiatives to make sure that Malaysia’s electronic economic climate remains to expand and adds substantially to the country’s success.

With the continuous energy of Malaysia’s Digital Economy Blueprint, Anuar’s visit comes with a turning point.

Digital Minister Gobind Singh Deo lately shared self-confidence that Malaysia’s electronic economic climate gets on track to exceed the predicted 25.5 percent payment to the country’s GDP by the end of 2025.

Anuar’s shown capability to build solid partnerships and welcome partnership is anticipated to more unify stakeholders, cultivating a dynamic community that sustains development and lasting development.

Meanwhile, Malaysia Internet Exchange (MyIX) chairman Chiew Kok Hin stated the organisation expects a proceeded solid partnership with MDEC to construct a durable electronic economic climate based in solid connection.

“We are eager to continue collaborating closely with MDEC under Anuar’s leadership to enhance Malaysia’s digital infrastructure.

“Strong connectivity is the backbone of a thriving digital economy, and together we can drive further significant advancements in this area,” he stated.

Chiew kept in mind that financial investments in Malaysia remain to expand, especially in the ‘sweet spot’ of information centres.

“The increasing interest in data centre investments underscores Malaysia’s strategic position in the region,” he included.

Chiew highlighted the significance of renewing the cabotage exception, enabling international vessels to fix undersea cords in Malaysian waters without a residential permit, accelerating repair services and reinforcing Malaysia’s duty as an electronic center.

“This policy ensures that Malaysia remains a hub for global internet traffic, reducing potential downtimes and ensuring seamless connectivity, which is vital for businesses operating in our digital ecosystem.

“We are heartened that MDEC supported the exemption stance. This policy change has been instrumental in attracting investments and enhancing our global connectivity,” he stated.

Furthermore, the need for net data transfer has actually gotten to brand-new highs, with MyIX reporting a 20 percent year-on-year boost from 2022 to 2023.

MyIX kept in mind that need came to a head at 2.311 Terabits per secondly in the previous year, noting the highest degree ever before taped because its facility in 2006.

Industry professional Datuk Hussian Abdul Rahman stated that Anuar’s visit notes the federal government’s resolution to more expand the electronic economic climate.

“Anuar’s appointment is a testament to the government’s commitment to advancing our digital economy,” stated Hussian, Chief Executive Officer of MovementOn e Ltd, detailed on the goal sub-market of the London Stock Exchange, in addition to the executive supervisor of TFP Solutions Bhd.

“His leadership will be crucial in driving further innovation and collaboration within the industry,” he included.

Hussian stressed that solid management at MDEC is vital for Malaysia to capitalise on arising electronic possibilities and stay affordable internationally.

Another market professional, Jason Thoe, CHIEF EXECUTIVE OFFICER of Kuala Lumpur- based Xamble Group Ltd, detailed on the Australian Securities Exchange, backed Anuar to lead MDEC to brand-new elevations.

“Technology impacts different age groups in various ways, and understanding this multi-generational effect is crucial,” he stated. “Anuar brings a fresh perspective that is much needed in today’s rapidly evolving digital landscape.”

“Since its incorporation in 1996, MDEC has gone from strength to strength and is now a strategic engine of growth for Malaysia,” Thoe stated. “I am confident that under Anuar’s leadership, the industry will reach much higher levels.”