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Malaysia in top 3 on survey on economic impact of Internet [02-02-2012]  
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Malaysia has come in among the top three in a study conducted by McKinsey & Co on the economic impact of the Internet on the gross domestic product (GDP) of nine aspiring countries, namely Taiwan, Malaysia, Hungary, Argentina, Mexico, Morocco, Turkey, Vietnam and Nigeria.

According to the report, Malaysia has surpassed other developed and developing economies such as France, Germany, China, India and even the United States on McKinsey's internal index.

The report cites: “The total contribution of the Internet to GDP in some aspiring countries, notably Taiwan and Malaysia, is similar to those levels observed in developed countries. While consumption is high, these aspiring countries benefit from being net exporters of ICT goods and services.”

The report includes its survey finding in which Malaysia is placed third among the aforementioned aspiring countries in productivity increase for small and medium enterprises due to web technologies.

“We view this positively for Malaysia in view of the collaborative efforts undertaken by the Information, Communications and Culture Ministry, the Malaysian Communications and Multimedia Commission (MCMC) and the communications and multimedia industry towards connecting all Malaysians. It clearly shows the benefits of the Internet on the economy and makes a case for prioritising this aspiration even further,” said MCMC chairman Datuk Mohamed Sharil Tarmizi.

He added: “We will continue our joint efforts to implement various initiatives to ensure more Malaysians are connected to the Internet.”

The Internet penetration rate surpassed the targeted rate of 50% to stand at 55.6% at the end of 2010.

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