Perikatan Nasional’s maiden budget has a raft of technology-focused measures ranging from improving digital connectivity to promoting investments in high-value added and green technologies. – REUTERSPIXThe Covid-19 crisis has demonstrated the importance of technology and innovation to ensure the people’s well-being and business sustainability, and Budget 2021 is placing a great emphasis on these aspects.
Ko Chuan Zen, co-founder and CEO of solar photovoltaic solutions provider Plus Solar Sdn Bhd, said the budget’s proposed measures would facilitate economic recovery for the people’s well-being, including through allocations for the development of a more sustainable and knowledgeable Malaysia. Ko said the bonds, which are loans used to finance projects that bring clear environmental and social-economic benefits, will help sustain the industry at this difficult time.
“Given that commercial and industrial buildings stand to save the most in terms of energy bills, the RM1 billion allocation for the Industrial Digital Transformation Scheme can potentially assist these businesses to adopt Internet of things technology which can help make energy consumption more intelligent,“ he said.
It applauded the government’s move of allocating RM1 billion to accelerate the adoption of digitalisation under the digital transformation scheme and additional funds of RM150 million which will be provided under the SME Digitalisation Grant Scheme and the Automation Grant.
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