00:00We are here at the session to get an insight from the investors and industry players
00:09for the 2023 budget for the Ministry of Digital.
00:13A lot of people have called us to give their insights,
00:17especially on what we need to do next year.
00:23And in this matter, what are their requests
00:27so that they can be given funds to support our plan for next year.
00:36I see two things that are given,
00:38one is how we can provide support to industries,
00:43especially SMEs and MSMEs,
00:46in terms of incentives so that they can use new technology
00:53to strengthen their business.
00:55I think everyone understands that in this digital world,
00:59we all know that technology can help our business.
01:01But the question is, if we have the infrastructure,
01:04if the infrastructure is safe,
01:06but if there is no one using the infrastructure,
01:09that will be a problem.
01:10So from that point of view,
01:12can the government see how incentives can be used
01:17so that we can encourage more small businesses,
01:21small industries to use the existing technology.
01:24I will bring that matter forward
01:27so that we can discuss it with the Ministry of Finance,
01:31the first Minister of Finance,
01:34so that a decision can be made
01:36as far as we can give incentives.
01:38Whether those incentives are in terms of taxation or other incentives,
01:45we will see.
01:46I will bring that matter forward.
01:47As a minister, I want to emphasize once again
01:50that we need to ensure that the infrastructure we have is extensive
01:56and can be used by the entire Malaysian population.
02:00But I also understand that we need to give incentives
02:04to ensure that all businesses can use the infrastructure
02:07and in that situation, we will see that our digital economy is moving.
02:14The second aspect that I see is related to the need for us to focus on talent.
02:20So if we have this infrastructure,
02:22we can convince the entire Malaysian population to use this infrastructure.
02:27The question is, how can we ensure that in the next five years,
02:31we can ensure that the talents that we need
02:34will be available in the next five years.
02:43So the question is, how can we see after level 5,
02:48maybe there will be a program where they can conduct training
02:54in the industries that require talent in the future.
02:58But while they are conducting training,
03:01they are working in the industry or the factory.
03:05This is what I call a digital divide.
03:09We want to see in the next five years,
03:11what are the jobs that we will see an increase in demand.
03:18And in that situation, we have to ensure that we have enough workers
03:26for each aspect of the job.
03:28So the question that arises today is, what is the government's plan
03:31to ensure that this gap can be resolved.
03:38And that is one of the things that is being discussed by my government now.
03:43We are in the process of implementing policies.
03:46But the question is, is the government ready to provide financial incentives
03:51so that we can encourage more industries to hire more workers
03:58and conduct training at the same time.
04:00So that we can ensure that in the next two or three years,
04:03they will be able to conduct training,
04:05and at the same time, they will be able to receive education,
04:07diploma, and license.
04:09And after that, they will be able to get a decent salary
04:14in these new sectors and industries.
04:17This is a fairly extensive discussion.
04:20But I think it highlights how we can strengthen our strengths
04:25in terms of talent, in terms of our availability
04:29in terms of platform and infrastructure.
04:33It is a fairly good discussion.
04:35And even if the incentives have been rejected,
04:37I will bring it to the Minister of Finance to discuss.
04:41I hope that the requests of the industry and my ministry
04:45can be given consideration
04:47and can be implemented in the next 10 months.
04:54Mr. YB, the pressure is given to incentives.
04:57Does this mean that the previous incentives were not enough?
05:00I think that the previous incentives were given.
05:04But we see that the pressure is given to how it is necessary
05:08for more businesses to switch to using technology
05:14to strengthen their businesses.
05:16So, in terms of scale, it is indeed wider.
05:20In that case, the question that arises is
05:23can we see how what was given in the past can be increased
05:29so that we can attract more people to take part
05:33in the new digital economy,
05:36switching from the old way of business to the new way of business,
05:40which is digital business.
05:42So, I think what is available now has indeed helped
05:45but moving forward, how can we expand it further
05:48so that we can attract more people
05:50to use the existing digital platforms.
05:54Mr. YB, there was a side effect earlier.
05:56Do you want to feel the impact of the T-VAT?
05:59Yes, this is one of the things that we work together with
06:02the Minister of Finance.
06:05I have also informed him that we look at the T-VAT aspect
06:10but from a digital perspective.
06:12I also gave him a statement on Wednesday.
06:16He said that he supports it.
06:21And after we have completed the process of preparing the policy,
06:28I will ask for a date for us to launch it.
06:31And it will be launched, I hope, at the end of September.
06:40And we will inform the press when we are ready.
06:44Okay, thank you very much.
