The e-Dagang EXPO (eDX), hosted by the Malaysia Digital Economy Corporation (MDEC), with support from the Ministry of Communications and Multimedia Malaysia (KKMM) attracted over 50,000 micro-entrepreneurs and small and medium entrepreneurs (MSMEs).
YB Dato’ Saifuddin Abdullah, Minister of Communications and Multimedia Malaysia (KKMM) said, “As the country prepares to restart the economy, MSMEs that have participated in the eDX can immediately tap into available digital technologies to extend their reach into lucrative markets, enable cashless transactions, enhance online marketing capabilities and strengthen their supply chain. eDX has been a strategic and timely enabler to Malaysia’s post-Covid-19 economic recovery, facilitating the continued growth of MSMEs for the long-term as they take their offline operations online and adapt to this new norm.”
KKMM through MDDEC has assured they will continue to enable businesses to capitalise on the national e-commerce growth that is likely to see a 20 percent contribution this year.
Market progression is expected to hit RM 47 billion in 2025.
“With the Southeast Asian e-commerce market looking to be worth at least US$102 billion (MYR44 bil) by 2025, SME digitalisation, upskilling and preparedness will be all the more necessary to ensure our entreprenuers and SMEs have a keen competitive advantage. By transitioning to the online marketplace, eDX participants will now be more agile in responding to market trends, consumer behaviours and trade regulations. Further to that, they can also widen their reach to new customers and suppliers within existing and up-and-coming markets to diversify income streams,” said Surina Shukri, chief executive officer, MDEC.
”As the ecosystem continues to expand, MSMEs will benefit from the support and infrastructure available. This will ensure they can easily conduct business online and take the necessary steps to implement strategies that are relevant to their needs,” she added.
Webinars hosted across the eDX forum saw leading e-commerce partners including Shopee, OURSHOP.com by AirAsia, Lazada, Carousell, BliBli and eBay take center stage.
The online expo ran from May 4 until May 8.