MDEC and MSC Malaysia continue to grow strongly

Malaysian Digital Economy Corporation (MDEC) registered a growth of 56 per cent in Approved Investments and Foreign Direct Investments in 2015. Total investment inflow from MSC Malaysia companies reached RM 19.8 billion last year; and MDEC recorded its highest increase in new investments since its establishment twenty years ago.

“2015 was a significant year for us,” said MDEC CEO Dato’ Yasmin Mahmood. “New investments inflow reached a 20-year record high and for the first time ever, export sales for MSC Malaysia exceeded our expectations. MSC Malaysia’s performance and growth is testament to the progress we are making in executing our Digital Economy strategy as well as boosting investors’ confidence and faith in our local ICT industry.”

Export sales were the highest in 10 years, she said.

Export sales from MSC Malaysia companies contributed RM16.2 billion from RM13.7 billion in 2014, an 18 per cent increase.

“Local MSC Malaysia companies showed promising growth in 2015, as export sales increased by 9 per cent,” added Dato’ Yasmin. “We are proud to share that MSC Malaysia recorded the highest increase in overall export sales since 2010.”

Dato’ Yasmin Mahmood added that MDEC has always been a company with a culture of rapid evolution and advancement.

“Recently, there was a name change for MDEC – from Multimedia Development Corporation to Malaysian Digital Economy Corporation – to reflect on our over-arching objective and mandate of facilitating the growth of our nation’s Digital Economy,” said Dato’ Yasmin.

“It is our aim to continue increasing focus on growing the national Digital Economy contribution to Malaysia’s total gross domestic product (GDP),” added Dato’ Yasmin.

“Despite current global economic challenges, MDEC has and will continue to successfully spearheaded significant growth in investments and export sales from MSC Malaysia companies,” she further said.