The tech and telco industries are ‘excited’ about the appointment of Anuar Fariz Fadzil (centre in pic) as the new Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC).
National Tech Association of Malaysia (PIKOM) Chairman Ong Chin Seong (centre left in pic) said Anuar’s experience in both the public and private sectors would be invaluable in advancing the nation’s digital economy.
“On behalf of PIKOM, we congratulate Anuar Fariz Fadzil on his new role as CEO of MDEC,” he said.
“We are excited about the future under his leadership and the opportunity to deepen our collaboration with MDEC. His expertise and vision will undoubtedly help accelerate Malaysia’s digital transformation journey.”
He added that PIKOM remains fully committed to supporting MDEC’s efforts to ensure that Malaysia’s digital economy continues to grow and contribute significantly to the nation’s prosperity.
With the ongoing momentum behind Malaysia’s Digital Economy Blueprint, Anuar’s appointment comes at a pivotal moment. Digital Minister Gobind Singh Deo recently expressed confidence that Malaysia’s digital economy is on track to surpass the projected 25.5% contribution to the nation’s GDP by the end of 2025.
Anuar’s proven ability to forge strong alliances and embrace collaboration is expected to further unite stakeholders, fostering a vibrant ecosystem that supports innovation and sustainable growth.
Meanwhile, Malaysia Internet Exchange (MyIX) Chairman Chiew Kok Hin (centre right in pic) said the organisation looks forward to a continued strong relationship with MDEC to build a robust digital economy grounded in strong connectivity.
“We are eager to continue collaborating closely with MDEC under Anuar’s leadership to enhance Malaysia’s digital infrastructure,” he said. “Strong connectivity is the backbone of a thriving digital economy, and together we can drive further significant advancements in this area.”
Chiew noted that investments in Malaysia continue to grow, particularly in the ‘sweet spot’ of data centres.
“The increasing interest in data centre investments underscores Malaysia’s strategic position in the region,” he added.
He also highlighted that the reinstatement of the cabotage exemption for foreign vessels repairing undersea internet cables is a significant move. For readers unfamiliar, the cabotage exemption allows foreign ships to carry out repairs on undersea cables in Malaysian waters without needing a domestic shipping licence, expediting the repair process.
“This policy ensures that Malaysia remains a hub for global internet traffic, reducing potential downtimes and ensuring seamless connectivity, which is vital for businesses operating in our digital ecosystem,” said Chiew.
“We are heartened that MDEC supported the exemption stance. This policy change has been instrumental in attracting investments and enhancing our global connectivity.”
Furthermore, the demand for internet bandwidth has reached new highs, with MyIX reporting a 20% year-on-year increase from 2022 to 2023. The exchange stated that demand peaked at 2.311 Terabits per second in the past year, marking the highest ever recorded since its establishment in 2006.
When contacted, industry veteran Dato’ Hussian Abdul Rahman (far left in pic) said that Anuar’s appointment marks the government’s determination to further grow the digital economy.
Dato’ Hussian is today the CEO of MobilityOne Limited, listed on the AIM sub-market of the London Stock Exchange, as well as the Executive Director of TFP Solutions Berhad.
“Anuar’s appointment is a testament to the government’s commitment to advancing our digital economy,” he said. “His leadership will be crucial in driving further innovation and collaboration within the industry.”
He emphasised that strong leadership at MDEC is essential for Malaysia to capitalise on emerging digital opportunities and remain competitive globally.
Meanwhile, another industry veteran, Jason Thoe (far right in pic), who is the CEO of Kuala Lumpur-based Xamble Group Limited listed on the Australian Securities Exchange, backed Anuar to lead MDEC to new heights.
“Technology impacts different age groups in various ways, and understanding this multigenerational effect is crucial,” he said. “Anuar brings a fresh perspective that is much needed in today’s rapidly evolving digital landscape.”
“Since its incorporation back in 1996, MDEC has grown from strength to strength and is now a strategic engine of growth for Malaysia,” Thoe added. “I am confident that under Anuar’s leadership, the industry will reach much higher levels.”
