PIKOM: Reduces Broadband Rates will Grow Local eCommerce

KUALA LUMPUR, 23 APRIL 2015 (Thu): The National ICT Association of Malaysia (PIKOM), as the ‘Voice of the ICT Industry’ lauds the government’s decision to reduce fixed broadband rates between 10% and 57% as announced on 15 April 2015 as it will have a catalytic effect on eCommerce while spurring the growth of the local economy.

“In today’s always connected and real time environment, Broadband connectivity is akin to the lifeblood of the ICT industry and society as a whole. With the reduced broadband rates by up to 10% and 57% in Malaysia, PIKOM believes that the more affordable movement of Content, Data and Transactions will boost the overall advancement of the local economy,” said Cheah Kok Hoong, the chairman of PIKOM.

“Businesses will be encouraged to adopt and advocate new IT services and solutions, and jump onto the eCommerce bandwagon. For individuals, cheaper broadband will spur contribution and participation in the K-economy. The expected growth in broadband penetration and adoption rates will also lead to greater adoption of ICT especially among SME and SMI businesses – this is vital considering that the segment is responsible for 31% of National GDP and employs close to 56% of the local workforce. With the Malaysian Government looking to increase GDP contribution of the SME sector to 40% by 2020, the proposed move to reduce broadband rates is timely,” he added.

Author: VSDaily Editor

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