Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >>  Economy  >>  Malaysia is 6th most networked economy in Asia 
NEWS UPDATES 26 March 2010

Malaysia is 6th most networked economy in Asia

Related Stories
February, 9 2010
Malaysia can ill-afford to get stuck as middle income economy, says minister

January 29, 2010
Malaysian agency seeks FDIs for green, knowledge-based industries

January 18, 2010
Malaysia: Used car dealers uncertain over prospects in 2010

January 8, 2010
Malaysia fuel subsidies leave out foreigners

December 22, 2009
Malaysia’s November car sales up on improved conditions

Malaysia is the world’s 27th most networked economy and the highest-ranked nation not to belong to the group of high-income countries, reported national news agency Bernama.

In the Global Information Technology Report 2009-2010 released yesterday by the World Economic Forum (WEF), Malaysia is ranked sixth in Asia behind Singapore, Hong Kong, Taiwan, South Korea and Japan.

The report praised Malaysia as it seemed to be clearly leading the way, with outstanding marks for its readiness (11th) and usage (12th).

< “These two boost Malaysia’s showing in the readiness component (11th) and government usage pillar (12th). Malaysia is less convincing in its infrastructure environment (51st) and its level of individual usage (46th),” it said.

Malaysia was ranked 28th last year and 26th in the 2007-2008 report. The upper-middle-income group is led by Malaysia (scores 4.65), Chile (4.13, 40th) and Lithuania (4.12, 41st).

The report used the World Bank’s classification of countries based on GNI (US$) per capita, with high-income countries (above $11,905) and upper-middle-income countries (between $3,856 and $11,905).

Sweden led the rankings of 133 countries, followed by Singapore and Denmark, which was in the number one position for the last three years.

The report highlighted the key role of ICT as an enabler of a more economically, environmentally and socially sustainable world in the aftermath of one of the most serious economic crises in decades.

“Sweden, Singapore and Denmark’s superior capacity to leverage ICT as an enabler of sustainable, long-term economic growth is built on similar premises, relating with a long-standing focus placed by governments and private sectors alike on education, innovation and ICT access and diffusion,” said Irene Mia, senior economist of the Global Competitiveness Network at the WEF and co-editor of the report.

The ranking is a boost for Malaysia where Prime Minister Datuk Seri Najib Tun Razak had announced Wednesday night six national broadband initiatives to transform Malaysia into a developed and high-income country.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand