Malaysia Budget 2022 Enterprise ICT Takeaways: Sustainability and 5G Ecosystem

Summary Bullets:

A. Amir

• Sustainability is becoming increasingly important and should be part of enterprise ICT solution propositions.

• The TPM innovation hub will drive the enterprise 5G ecosystem and development in the country.

The Malaysian government announced the country budget for 2022 last week, allocating MYR332 billion ($80 billion) on operating and development expenditure as well as the COVID-19 Fund. The theme of the budget is mainly around economic recovery from the pandemic and there are also various initiatives in the overall ICT industry such as connectivity expansion in underserved areas, more funds for startups, and additional digital adoption grants for enterprises. However, sustainability and 5G ecosystem are rather new and would have higher impacts on the domestic enterprise ICT market.

Sustainability and Environmental

Initiatives: The government announced several initiatives such as the Voluntary Carbon Market to facilitate carbon credit trading and the Low Carbon Transition Facility to drive enterprises to adopt sustainability practices.

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