KUALA LUMPUR: Investment in digital infrastructure is crucial for driving innovation, strengthening Malaysia's economy, and ensuring long-term competitiveness in the global market.
In response to the 2025 Budget announcement, Open DC founder and managing director Weng-Yew Wong said, ""The allocation of RM3.8 billion by Bank Negara in SME funding loans marks a significant step in empowering entrepreneurs as they transition to digitalisation and automation."
Wong, who is also the founder and managing director of Extreme Broadband, emphasised that this initiative will support small and medium-sized enterprises (SMEs) in their digital transition, helping them remain competitive in the global market.
He also lauded the additional RM10 million allocated to the National Cyber Security Agency (NACSA) and the recruitment of 100 new personnel to enhance national security, which will boost confidence in Malaysia's digital economy and make the country more resilient in an increasingly interconnected world.
However, Wong noted that the RM10 million allocation is just a starting point, as the scale of investment needed is far greater.
The announcement of a second 5G network to strengthen Malaysia's ICT sector and accelerate 5G adoption is timely, he said, especially as the country prepares for its Asean chairmanship in 2025.
Wong said he believes that the investment in digital infrastructure by the government is important to elevate Malaysia's global position and foster a more competitive business environment.