Kuala Lampur, Jan. 26 -- In 2020, despite Covid-19, Singapore raised 25 times more capital for its tech start-ups compared to Malaysia. Indonesia raised 22 times more; Vietnam, the Philippines and even Myanmar all eclipsed Malaysia. Notably, it only out-paced Cambodia amongst its Asean peers.
By this measure, the institutions charged with modernising the economy - the Malaysia Digital Economy Corporation (MDEC) included - needs to up the ante, and this must be done quickly. Yet, changing this dynamic and bridging the gap defies any simple quick-fix as it calls for a grassroots change, to make a difference in society's mindset.
As the digital age of the Fourth Industrial Revolution (4IR) dawns upon all, it foretells a society evermore deep...