Govt will focus on new wealth source such as digital economy - PM

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The government will continue to focus on the digitisation agenda in line with the growth of the nation’s new sources of wealth and economic transformation via knowledge and innovation-based activities. Prime Minister Muhyiddin Yassin said the digital economy is expected to contribute 22.6 percent to the country’s gross domestic product by 2025.“According to the International Institute for Management Development (IMD) World Digital Competitiveness Ranking 2020 report, Malaysia ranks at number 26 out of 63 countries, with a score of 82.39 percent,” he said in his One-Year Malaysia Prihatin Keynote Address on Monday.Muhyiddin said that in terms of creativity and innovation, Malaysia ranks at number 12 out of 190 economies in East Asia and the Pacific region, with a score of 81.5 in the World Bank’s Doing Business 2020 report.With that, the Malaysia Digital Economy Blueprint and t…