Mdec Enhances Cooperation Between Malaysia And The Philippines To Propel Asean Digital Economy Forward

Mdec Enhances Cooperation Between Malaysia And The Philippines To Propel Asean Digital Economy Forward

MANILA, 5 March 2024 – Malaysia Digital Economy Corporation (MDEC) has successfully convened DEX Connex programme in the Philippines for 2024. The programme is in collaboration with the Malaysia External Trade Development Corporation (MATRADE) Philippines, the Embassy of Malaysia, Manila, DBP Data Center Inc., and Malaysia Chamber of Commerce and Industries (MCCI) Philippines.

The programme is designed to support the growth of Malaysian tech companies in the Philippines and foster collaborative relationships between high-tech firms in both countries. It serves as a valuable platform for participants to engage, expand their reach, and showcase Malaysian technology companies, driving opportunities for business growth and advancing the digital economy in ASEAN.

A contingent of 35 high-tech Malaysian companies engaged in the programme. MDEC is foreseeing RM150 million in digital export prospects facilitated by their collaboration with 50 potential partners and CIOs in the Philippines.

Meanwhile, MDEC and the Department of Trade and Industry (DTI) Philippines have initiated an exchange of tokens at the programme to signify their commitment to signing a Memorandum of Understanding in joining forces to foster digital innovation and economic growth in both Malaysia and the Philippines. This partnership aims to accelerate the adoption of e-commerce by micro, small, and medium enterprises (MSMEs), fuelling their growth and increasing their market reach.

In addition, the collaboration will stimulate the competitive spirit of the Digital Creative Content Industries in both nations whilst encouraging creativity and innovation. The aspect of this partnership is the collaboration between DTI’s Global Acceleration Program (GAP) and MDEC’s DEX Connex Programme, which will provide a platform for startups to connect, learn, and grow.

The programme also witnessed a significant milestone with the Memorandums of Understanding (MoU) exchanged between Malaysian and Philippines tech companies. The objective of the MoU is to formalise a long-term partnership, providing resources, and products and services such as core banking, digital payment, AI solutions, and holistic cloud systems between the companies.
The companies that exchanged the MoUs were:

i. HorecaBid from Malaysia and JDEL Group of Companies (JDEL) from the Philippines. The objective of the MoU between these two companies is to formalise a long-term partnership, and for HorecaBid to become one of JDEL’s preferred AI solution providers for the entire group of JDEL Group of companies.
ii. Senangnvs Sdn Bhd from Malaysia and Goodbank from the Philippines. The objective of the MoU between these two companies is to provide on-the-go insurance products (Micro-Insurance) to the Rural Banking Industry of the Philippines.
iii. Cardtrend Systems Sdn Bhd from Malaysia and eCo Global Consulting from the Philippines. The goal of the partnership between the two companies is to provide core banking, digital payment, and microloan IT solutions to Rural Banks in the Philippines and across Southeast Asia markets.
iv. CTH Commerce Sdn Bhd (Payrecon) from Malaysia and Scylac Blue.Inc. from the Philippines. CTH has established a partnership with Scylac Blue Corporation to provide a holistic cloud system that includes OMS, ERP, and WMS. This joint effort is focused on providing cutting-edge solutions to merchants, retailers, wholesalers, importers, manufacturers, and fulfilment warehouses throughout the Philippines.

Present at the programme were Mahadhir Aziz, Chief Executive Officer of MDEC; His Excellency Dato’ Abdul Malik Melvin Castelino, the Ambassador of Malaysia to the Republic of Philippines; Mon Gutierrez, Chief of Staff for the Office of e-Government, Department of Information and Communications Technology Philippines; the Honourable Leny Baluyut, Assistant Secretary to the Department of Trade and Industry (DTI) Philippines; Hans How Hui, President Malaysia Chamber of Commerce and Industries (MCCI) Philippines; and Intan Zalani, Trade Commissioner, Malaysia External Trade Development Corporation (MATRADE) Philippines; along with government representatives, tech industry players, and regional investors.

-ANt

CATEGORIES
Share This

COMMENTS

Wordpress (0)
Disqus (0 )