The Malaysian government has long acknowledged that digitalisation will change the face of business sooner than we know it. Malaysia’s big push for digitalisation became evident when Prime Minister Datuk Seri Najib Tun Razak launched Malaysia’s Digital Free Trade Zone (DFTZ) on 22 March, making it the first of its kind in the world. Joining hands with big names such as Alibaba founder, Jack Ma, Malaysia’s aspiration of creating a levelled playing field for SMEs and Startups in the digital marketplace became a lot more promising.
Currently, a whopping 97% of the Malaysian business scene is made up of SMEs and microenterprises. Despite being the backbone of the economy, their contribution to the nation’s Gross Domestic Product stood relatively low at only 37%. Mostly, due to the lack of digital presence. With DFTZ, however, that figure is expected to grow exponentially up to 80%.
So, if your business hasn’t make its digital mark yet and you are looking for a place to start, come join us at ITEX 2017. Allow your business to be exposed to a myriad of possibilities from innovative business solutions to investment opportunities, and be up to date with what other budding entrepreneurs are saying about the DFTZ at the Startups exhibition area.
In the era of digitalisation, the longer you wait, the more you stand lose. So be DFTZ ready at ITEX 2017!