Kuala Lumpur, 16 November 2020: The Malaysia Digital Economy Corporation (MDEC) announced a major organisational restructuring today to reinvent its role as the leader of Malaysia’s digital economy and ensure it benefits the many. This follows the recent appointment of four industry trailblazers to MDEC’s Board of Directors, and further emphasises the firm commitment of MDEC’s leadership towards delivering more for less at speed, addressing disruption of the new norm and improving its standard of governance. 

In these unprecedented times, accelerated by the COVID-19 pandemic, change is inevitable. Recognising that digital transformation and adoption is crucial to capitalise on new opportunities, MDEC is confident that the new agile, streamlined and collaborative leadership structure will enable mass outreach and achieve its vision of Malaysia 5.0 – achieving a people-first society in the age of 4IR technology. 

Keeping Your Head Above Water: Pivoting during a Pandemic

With the ongoing pandemic and the resulting economic crisis, small businesses are facing challenges just to stay afloat. As business owners continue to do everything possible to garner revenue and keep the business running, it is more important than ever to assess and optimize your business.

Here are five ways to pivot your business and help you weather this economic downturn.

Kuala Lumpur, 16 November 2020 – As Malaysia adapts and builds business resilience in the face of uncertainties, 77% of business decision-makers in Malaysia say that innovation is now a ‘must’ for them to respond quickly to market challenges and opportunities, based on a new Microsoft and IDC research. 

Additionally, while significantly more organisations in Malaysia found innovation to be hard (76%) before COVID-19, they have since changed perceptions, with significantly less Malaysian organisations (35%) having this sentiment now.