KUALA LUMPUR, Aug 8 – The National ICT Association of Malaysia (PIKOM) is appealing to the government to urgently address areas of concern that could have a long-term impact on the growth of Malaysia’s ICT industry.
PIKOM in a statement said as the new government took stewardship of the country, emphasis and time should be accorded to implement initiatives for the growth of the information and communication technology (ICT) industry, as well as to offer various benefits for other industry sectors.
The association sees it as a timely appeal with positive implications and practical solutions to ensure the least disruption to ongoing business operations.
Its chairman, Ganesh Kumar Bangah said: “As the voice of the ICT Industry, PIKOM is seeking clarity on these concerns for the benefit of the association’s 1,000 plus members who contribute 80 per cent to the industry’s revenue, which in turn, makes up about 19 per cent of gross domestic product (GDP) of the country.
“The ICT industry is also one of the fastest growing industries in Malaysia. During his previous tenure as prime minister, Tun Dr Mahathir Mohamad emphasised the importance of technology for the growth of the country, through initiatives such as the Multimedia Super Corridor.
“PIKOM would like to see this emphasis continuing in the new administration. In particular, we would like to see the exemption of the Sales and Services Tax (SST) for ICT products, tax-free status for MSC Malaysia-status companies and implementation of the venture capital incentives as announced earlier.” – Bernama