KUALA LUMPUR – Minister of Transport Datuk Seri Liow Tiong Lai is confident with the logistics system in Malaysia which can be the catalyst to the digital economy success of the country in the future.
Tiong Lai described the shift which sees a lot of changes in trading and businesses where digital economy is not an important instrument in generating economy growth of a country.
“We are facing an obvious shift where e-commerce is a reality.
“As I mentioned earlier, the Single Day Sales in China had generated US$25 billion through Ali Baba. That is a humongous amount and I believe that Malaysia can also be successful in e-commerce. We know that the digital economy will drive our national economy in the future,” he told the journalists after launching the PIKOM Leadership Summit in Bangsar today.
This year, 19 percent of the national economy growth was contributed by the digital economy and the figure is expected to be increase to over 20 percent next year.
Tiong Lai added that he is confident that Malaysia can achieve its target of over 20 percent for the following year as we have the best logistics system.
“We are confident because we have great logistics system. E-commerce needs the support from logistics if we want to succeed. Without it, it would not be successful.
“We have great airports, infrastructures, ports, rails and roadworks. All these have given the confidence to the people out there to see Malaysia as the logistics hub for ASEAN,” he added.
According to him, the initiatives of Jack Ma, the founder of Ali Baba who had chosen Malaysia as the Digital Free Trade Zone (DFTZ) has attracted more investors to invest in Malaysia.
“Thus, when Jack Ma launched DTFZ here, many foreign investors and logistics will come and invest in DTFZ too,” he added.
Besides that, Tiong Lai also said that Malaysia has targeted to match China in deliveries, where customers can receive their goods three hours after its arrival at the port.
“People in China can deliver their goods to their customers within 3 hours. Malaysia has yet to be able to do that as we are in the process of developing of logistics system.
“Therefore, I hope that with the commitment from everyone, we can succeed in developing our logistics and it would be an effective logistics industry in this region,” he said. – MalaysiaGazette