Malaysia ranks 2nd in ICT Index for efficiency- driven economies

Malaysia emerged second among 26 resource and efficiency-driven economies based on the Connectivity Scorecard 2013.

Malaysia emerged second among 26 resource and efficiency-driven economies based on the Connectivity Scorecard 2013.

The Connectivity Scorecard 2013 assessed 52 economies which were divided into efficiency-driven and innovation economies as defined by the World Economic Forum.

The rating assess the countries’ information communication technology (ICT) infrastructure and how governments, businesses and consumers make use of connectivity technology to improve social and economic prosperity.

The study focused on three sectors- consumer, business and public with the highest weighting given to the business sector as it is a key contributor to productivity growth.

Malaysia with a score of 5.89 led the Asean countries excluding Singapore which is under the innovation category. Thailand came next with a score of 3.69 (overall 13th); Vietnam at 3.57(overall 14th), the Philippines with 3.18, (overall 18th) and Indonesia, 2.89 (overall 20th).

Russia topped the list under the efficiency-driven economies with a score of 6.04 while China is at 15th place with a score of 3.40 and India at No.23 with a score of 2.14.

Malaysia has remained a consistent performer, staying among the top three under the efficiency-driven economies, Deputy Prime Minister Tan Sri Muhyiddin Yassin said at the launch of V-Telecoms Bhd's Global IP Transit, an Internet bulk service provider offering high-speed connectivity to businesses.

Tan Sri Muhyiddin said as of September 2013, Malaysia has attained a broadband penetration rate of 67.2 % up from some 22 % in 2008.

He quoted a report from the World Bank that showed a direct correlation between gross domestic product (GDP) growth and Internet broadband penetration rates, where a 10% increase in broadband penetration will lift economic growth by 1.21 %.

Noting the rising demand for internet connectivity, the government and the private sector are working to increase connection capacity by building undersea cables such as Cahaya Malaysia Kabel, Asia Pacific Gateway and Batam-Dumai-Malacca valued at RM600 million.

Under the 2014 Budget, Prime Minister Datuk Seri Najib Tun Razak has announced that a total of RM3.4billion has been allocated for the development of the country’s high speed broadband phase two (HSBB2).

Adapted from New Starits Times and The Star 29 Oct 2013, Connectivity Scorecard website and PM’s Budget Speech
Posted on : 30 October 2013
Last Updated : Thursday 21st May 2020