In its Industry Performance Report 2020, the Malaysian Communications and Multimedia Commission said the C&M industry contributed 7.9% or RM142.96bil to Bursa Malaysia’s total market capitalisation of RM1.81 trillion in 2020.
MCMC said the adverse effects of the pandemic on the industry were cushioned by the launch of the National Digital Infrastructure Plan in August last year, which aimed to improve the nation’s digital infrastructure and connectivity. “On the other hand, the broadcasting sector continues to face pressure in 2020 due to the more cautious attitude of advertisers during the pandemic period as well as the cancellation of several major sporting events such as the Tokyo Olympics and the UEFA Europa League.
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