Malaysia's e-commerce transaction income surges 10.4 pct in Q1

Malaysia's e-commerce income surged 10.4 percent year-on-year to 291.7 billion ringgit (62.6 billion U.S. dollars) in the first quarter of 2023,official data showed on Thursday.
 

The Department of Statistics Malaysia (DOSM) said in a statement that this growth was primarily driven by manufacturing and services sectors.
 

As for 2022,the e-commerce income rose 6 percent year-on-year to 1.1 trillion ringgit.

According to DOSM,the growth can be attributed to the Malaysian government's initiatives aimed at establishing a regional e-commerce gateway,investing in e-commerce startups,promoting innovation through a regulatory sandbox,and enhancing communication and broadband facilities.

It said that these efforts have yielded substantial economic benefits,including increased adoption of digital technology and overall improved performance.

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