KUALA LUMPUR: Digital marketplace players are hopeful that measures outlined in the 2017 Budget, such as the development of an e-commerce ecosystem and Digital Free Zone can further bring innovation in this space. “The economic growth forecast of four to five per cent next year will be able to positively drive an increase in trade volume for the country. “In Malaysia, the backbone of the trade eco-system is the National Single Window for trade facilitation, a single window system that allows customs-related electronic transactions and duty payments, and electronic document transfer between members of the trading community,” he said in a statement. Kim said that over the years, e-commerce has matured from the purchase of big ticket items to smaller ones such as household products and even groceries. Despite the increased subsidy of almost RM10 billion, he said Malaysians ought to still be resourceful and find other means to help stretch their ringgit.

Source: New Strait Times October 21, 2016 13:52 UTC