Wednesday, March 3, 2021

Resilience in Time of Crisis

Excerpt:

"How Malaysia’s digital economy has proven to be a source of resilience for the economy"
Contributor 16 February 2021

As nations around the world continue to combat the effects of the COVID-19 pandemic, one thing remains certain – the acceleration of digital adoption is here to stay. In Malaysia, the digital economy is expected to balloon by three times, reaching a total gross merchandise value (GMV) of RM125 billion in 2025.

Flight to digital: There is a massive increase in Malaysian consumers turning to digital services for the first time According to the recent e-Conomy SEA 2020 Report published by Google, Temasek, and Bain & Company, more than one in three Malaysians used digital services for the first time ever in 2020. Among these new users, up to 92% said they would continue using digital services post-pandemic."

Digital Economy Malaysia: 5 Reasons to Digitalise Your Business in 2021
Image credit - Bomstart Media
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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

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