Malaysia 5.0: Digital transformation for Malaysian businesses — Rais Hussin | Malay Mail

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SEPTEMBER 17 — MDEC’s aspiration is to firmly establish Malaysia as the Heart of Digital Asean, a regional digital powerhouse launching global champions to lead the Fourth Industrial Revolution (4IR), ensuring the digital economy will drive shared prosperity for all Malaysians by accelerating...

Thursday, 17 Sep 2020 12:14 PM MYT

The term describes the next stage of the evolution of societal communities. The quest for Society 5.0 is built around the needs of a human-centered society. MDEC envisions playing a leading role in catalyzing this transition to Malaysia 5.0 as a new narrative for introducing emerging technologies which are essential tools in the new Malaysia 5.0 digital economy.

Of all these businesses, only a third of them actually have employees. Micro-SME’s are mostly “self-employed’ individuals operating a very small unincorporated business which may or may not be the owner’s principal source of income. One particular industry where Malaysian SME’s could become a world pioneer in is Islamic fintech. Already a world leader in Islamic finance, Malaysia is in a strong position to harness Islamic fintech opportunities.

Source: Financial Digest (financialdigest.net)

 

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