Hotline: 0274 383 347
Friday, 25-4-25 21:34:08

World

Hotline: 0274 383 347

Malaysia's digital economy projected to reach 31 billion USD in 2024

Malaysia's digital economy is poised to reach 31 billion USD in gross merchandise value (GMV) in 2024, up 16% compared to last year, according to the latest e-Conomy Southeast Asia (SEA) 2024 report by Google, Temasek, and Bain & Company.

Speaking at a press conference to release the report on November 26, Google Malaysia Country Director Farhan Qureshi said Malaysia was among the top 10 countries globally driving AI search interest, especially in the education, marketing, and gaming sectors.

As more companies deploy AI to innovate, improve efficiencies, and customers’ experiences as well as bring new ideas to life, the demand for AI infrastructure will continue to grow.

Malaysia has recorded a large AI infrastructure investment among Southeast Asian countries at 15 billion USD in the first quarter of 2024.

The report estimates Malaysia's current data centre capacity at 120 megawatts and expects that to expand five times over the coming years.

The Malaysian government is pushing for a digital economy by prioritising AI and semiconductors. The report says e-commerce remained the largest contributor to digital economy, as the sector grew by 17% year-on-year to 16 billion USD. Meanwhile, food delivery and transportation grew 10% to 4 billion USD, driven by a recovery in international tourism demand./.

VNA

Plane crash in Thailand kills at least five

The aircraft, carrying five people, crashed into the sea off the Gulf of Thailand near Baby Grande Hua Hin Hotel

PM attends virtual summit on climate action

To effectively deal with these challenges, Prime Minister Pham Minh Chinh highlighted the need for a new global-scale, comprehensive and inclusive mindset and approach;

ASEAN, US hold 37th annual dialogue in Cambodia

The co-chairs highlighted the strong and durable partnership with ASEAN over the past 48 years. They discussed pressing geopolitical issues, including the importance of facilitating a free and open Indo-Pacific.

Thailand postpones import tariffs negotiations with US

Thailand is among the Southeast Asian countries facing the highest import levy rates after its trade surplus with the US more than doubled to about 46 billion USD last year.

Thailand, RoK hold 5th round of economic partnership negotiations

The latest round of talks for the EPA is set to run for four days in Bangkok. The two sides plan

Thailand digital arrival cards required from May 1

Thai authorities have reminded all foreign tourists planning trips to the country that they will need to fill out a Thailand Digital Arrival Card

Malaysia affirms readiness for developing Pan-Asian Railway Network

The Malaysian Government places strong emphasis on the development of global rail connectivity, as it presents significant opportunities for the country and enhances regional cooperation.

Indonesia to import 19 billion USD worth of US goods to balance trade

Coordinating Minister for Economic Affairs Airlangga Hartarto on April 18 said Indonesia has proposed increasing its imports from the US by as much as 19 billion USD, to eliminate its trade surplus with Washington.

Tapping into migrant workforce for development

Ahead of the annual Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, D.C., the IMF has released its World Economic Outlook report, revealing that the number of migrants and refugees globally has nearly doubled over the past 30 years, causing social instability in many countries. However, the IMF suggests that effective refugee management can bring significant economic benefits to host countries.

Indonesia, Russia strengthen cooperation in digital technology

Indonesia and Russia have agreed to deepen strategic cooperation in communication and digital technology,

Enterprise - Brand

Company Social Media Net

Company VIETNAMNAY

Company HANEL MIROLIN

Company Keangnam - vina

Company HP Travel

Company Keloph