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19 Focus in Continuity: A Framework for Malaysia's Foreign
Policy in a Post-Pandemic World - A Monograph
Malaysia’s research and development technologies for the ease of citizens and
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strategy are written in Malaysia’s businesses. Singapore ranked 2 out of 190
Shared Prosperity Vision 2030 countries in 2020 in the Doing Business
(SPV 2030), National Policy on Science Index. Industry Transformation Maps
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Technology and Innovation (2021-2030), (ITMs) have also been rolled out, among
10-10 MySTIE Framework and the 12 th other initiatives, for industries to prepare
Malaysia Plan. Nonetheless, currently, the for the future economy through
adoption of digital tools amongst business- innovation and productivity measures.
es is limited to basic tools such as e-mail Some of the achievements include 95% of
or social media presence, partly due transactions being conducted digitally
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to the high costs of digitalisation. While from end-to-end, increased number of
incorporating basic tools could diversify o cers trained for data analytics and data
sales channels, the technologies would not science and ministries’ plans to adopt
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necessarily have the strategic impact it Artificial Intelligence (AI). On the digital
could have such as data analytics and skills front, initiatives have been launched,
productivity. including SkillsFuture for Digital
Workplace and Skills Ignition SG, a
Regional Comparison – Looking into programme initiated by government and
Singapore and Indonesia Google.
Singapore Indonesia
Singapore’s digital transformation has E orts to digitally transform Indonesia
been driven by early computerisation commenced since President Joko
e orts in 1980s and further accelerated by Widodo’s administration and because of
its Digital Economy Framework for Action his vision in making Indonesia ‘the digital
and Smart Nation vision. One of the energy of Asia’. One of the country’s key
significant enablers to boost digital drivers of digital growth is the e-commerce
economy is the outstanding infrastructure. market that has emerged as the
fastest-growing market in ASEAN region.
Singapore is ranked among the top
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countries with fast 5G speed, materialised In 2018, Indonesia contributed to nearly
by government’s investments to build an 45% of regional e-commerce revenue, the
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inclusive 5G ecosystem. The development highest relative to its regional
of the Nationwide Broadband Network peers. Further, estimates have shown
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since 2009 has helped provide the citizens that the pandemic has further
with wide, high-speed and a ordable accelerated e-commerce transactions.
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access to broadband services. In 2021, the Gross merchandise value (GMV) of
residential wired broadband penetration e-commerce has jumped by 54% because
rate stood at 92.2% while mobile of the COVID-19 crisis. In 2020,
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penetration rate improved to 158.8%. 13 e-commerce accounts for 72% of digital
economy value. The growth is supported
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Furthermore, the nation’s pro-business by a sizeable population of 202.6 million
policies and Digital Government also that is connected to internet and
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facilitate the use of data and digital increased use of smartphones. As such,
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