One of the key focus areas in the tabling of the Malaysian Budget is present Malaysia the as a key and attractive desination for the investment and devlopment of high technology industry sector. For this purpose, a number of incentives and initiatives was introduced at #Belanjawan2019 today. One of the more insteresting one is the creation of the Industry Digitalisation Transformation Fund under the Malaysia Development Bank.
The RM3 billion fund with a 4% subsidised interest rate incentive is created to accelerate the development and adoption of smart technologies including robotics and artificial inteligence. While we’re some ways away from a highly automated industry, this is the right step in the right direction.
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