Malaysia's digital economy thrives and attracts foreign investment - MIDA | Malaysian Investment Development Authority
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Malaysia’s digital economy thrives and attracts foreign investment

Malaysia’s digital economy thrives and attracts foreign investment

16 Oct 2023

Malaysia’s digital economy continues to show robust growth and resilience, with a rising influx of foreign direct investment as more companies establish their presence in the country, according to Citi Malaysia CEO Vikram Singh.

“Malaysia’s digital economy continues to show promising growth and resilience. The country’s foreign direct investment is also anticipated to rise, evident from the increasing number of companies choosing to set up their base here.

“As companies capture growth in this vibrant region, we are using our global network to help clients set up operations, navigate market volatility, improve working capital and manage supply chains,” he said in a statement.

Citi Commercial Bank (CCB) recently hosted the Digital Leaders’ Summit 2023, to bring together key technology leaders to discuss a myriad of topics including driving disruptions with Al adoption, new frontiers in immersive technologies for content creation, and the evolution of industries like travel and e-commerce.

Over 200 senior delegates from leading digital disruptors, technology companies, venture capitalists, industry professionals, founders, and Citi experts convened for an engaging series of discussions on the new economy and opportunities for growth.

The summit featured speakers included AirAsia CEO and founder Tan Sri Tony Fernandes, Catcha Group chairman and co-founder Patrick Grove and Yanolja Cloud CEO Jong Yoon Kim.

“Asia Pacific is home to over 300 unicorns and the region continues to be a centre of commercial activity supported by a strong entrepreneurial spirit. We are actively supporting this appetite for entrepreneurship and the ongoing expansion plans of our clients’ businesses, and we are committed to serving their cross-border needs.

“Today, we have over 90 dedicated industry bankers serving our clients in the digital, technology and communications space across all 11 Citi Commercial Bank markets in Asia Pacific,” head of the digital, technology and communications industry group for Asia Pacific ex greater China Shervone Saw said.

Source: The Star