Economic Stimulus Package 2020: Incentives For Online Entrepreneurs And MDEC To Boost E-Commerce

mdec
(Image: Rosela Ismail)
mdec
(Image: Rosela Ismail)

Aside from rolling out incentives to boost local consumption and economic activity amidst the Covid-19 outbreak, the Economic Stimulus Package 2020 also aims to encourage the growth of the e-commerce industry. As such, the government will be giving out incentives to local online entrepreneurs, as well as a funding allocation for Malaysian Digital Economy Corporation (MDEC).

Firstly, as many as 10,000 local entrepreneurs will be getting grants of RM1,000 to help them promote the sale of their products on e-commerce platforms. Aside from encouraging online trading activities and the adoption of e-commerce technology, it will also boost consumer spending among Malaysians and revitalise the local consumer market. The grants will enhance the income of the people and reduce the cost of living in the current economic fluctuation too.

Additionally, there will be an allocation of RM20 million for Malaysian Digital Economy Corporation (MDEC) for the Perkhidmatan e-Dagang Setempat (PeDAS) programme. The PeDAS programme is meant to transform Pusat Internet Desa/Rural Internet Centres across the country into e-commerce hubs. It will introduce digital transformation among micro, small, and medium enterprises (SMEs) in rural areas.

These incentives will ultimately contribute to the realisation of the Shared Prosperity Vision 2030, where several high-impact industries – including digital economy – were earmarked as key industries that will spur a sustainable economic growth.

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