Download MSC Malaysia 2014 Performance - Official Portal of MSC Malaysia

For Immediate Release
MSC Malaysia reports strong 2014 with 11% revenue growth.
Rise in export sales, nett jobs and RM20.09 billion in new investments sees country’s
ICT initiatives contributing 1.3% to GDP in 2014.
Kuala Lumpur, May 11, 2015 – The Multimedia Development Corporation (MDeC) today
announced MSC Malaysia’s 2014 performance, which showed the country’s premier ICT
initiative generating RM38.52 billion in revenue, demonstrating a growth of 11% from
2013.
Alongside strong revenue growth, MSC Malaysia saw RM20.09 billion in new investments, of
which 55% came from direct domestic investments and 45% via foreign direct investments. Of
the new investments, RM17.16 billion were from current investors while RM2.93 billion
were from new investors.
Export sales accounted for a total of RM13.73 billion, representing an 11% increase from
2013, in a year that also saw a 7% rise in employment with 9,497 nett jobs created.
229 new companies were awarded MSC Malaysia status in 2014, bringing the total to 3,632
companies. Overall MSC Malaysia contribution to GDP reached RM13.77 billion, a 14%
increase from 2013. MSC Malaysia’s revenue now accounts for a substantial 1.3% of GDP.
Dato’ Yasmin Mahmood, Chief Executive Officer (CEO) of the Multimedia Development
Corporation said, “MSC Malaysia has seen a solid performance and consistent growth in 2014,
showing the measurable and sustained benefits of the initiative.”
The Creative Multimedia Cluster increased to 436 companies in 2014. The new media subsector performed particularly well with 44.6% growth, showing average revenue per
company growth of 28%. TV, film and visual effects still account for 90% of CMC revenue,
with successes like The Journey; Malaysia’s highest grossing film by Astro Shaw, an MSC Status
Company.
The InfoTech Cluster saw the highest number of new companies, up from 2,539 in 2013 to
2,665 in 2014. The banking, financial services and insurance sub-sectors recorded the
highest growth of 66%, doubling its revenue from RM671 million in 2013 to RM1.1 billion in
2014, boosted by strong performances from companies such as Infopro and Aetins.
Global Business Services (GBS) not only drove export sales revenue more than any other
cluster, it also maintained Malaysia the top 3 position at AT Kearney Global Locations
Index for the 11th consecutive year. The cluster benefited from growth in knowledge process
outsourcing, showing a 34% export increase year-on-year, and continues to grow global
partnerships.
All clusters continued to perform strongly, with the highest revenue reported by InfoTech.
 InfoTech cluster saw revenue of RM15.99 billion, 42% of total revenue.
 Global Business Services cluster recorded RM13.9 billion, 36% of total revenue.
 Creative Multimedia cluster accounted for RM7.1 billion, 18% of total revenue.
 Higher Learning and Incubators produced RM1.53 billion, 4% of total revenue.
While the GBS cluster naturally led on export sales, all clusters reported export growth.
 GBS generated export sales of RM9.19 billion, a 9% rise on 2013, driven by 34% growth
in Knowledge Process Outsourcing companies in the finance and accounting sectors.
 The InfoTech cluster recorded export sales of RM3.94 billion, a 13% rise from 2013.
 CMC cluster saw a huge 18% increase in export sales, although only representing 4%
of total MSC Malaysia export sales.
“While the numbers speak for themselves, we are also proud of MSC Malaysia’s milestones,
building strong international partnerships and developing the knowledge of our country’s ICT
workers” said Dato’ Yasmin.
MSC Malaysia, moving forward in 2015.
In 2015, MDeC will refocus and realign its efforts to strengthen MSC Malaysia’s industry
development. This will be done via deepening existing niches such as strengthening the global
business services footprint, making Malaysia a regional hub for games as well as a global hub
for cloud and content services. New avenues of industry will also be developed – focusing on
big data analytics, e-commerce and the internet of things, offering massive growth potential.
“To move Malaysia up the value chain, it is essential to create more Malaysian global heroes –
and for this to happen, MDeC is committed to helping these companies with market access to
export their products to the global market” continued Dato’ Yasmin.
Since its inception in 1996 MSC Malaysia has contributed over RM275.04 billion in revenue
to the Malaysian economy, RM206.14 billion worth of investments and more than 147,000
jobs.
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“MSC Malaysia looks forward to further growth in 2015, and above all a continued
commitment to developing ICT and digital skills within Malaysia as the initiative
approaches its 20th anniversary in 2016. MSC Malaysia will be crucial as we work towards
not only raising the bar of the local ICT industry but also continue to contribute efforts to
elevate Malaysia towards a high-income nation by 2020” added Dato’ Yasmin.
For more information please visit www.mscmalaysia.my.
For media enquiries, please contact:
Norazlin Hassan / Surenthira Kumar A/L K Raman
Media Relations and PR Unit
Corporate Communications & Marketing Division
Relations Multimedia Development Corporation (MDeC)
Tel:
+603-8314-1820
/ Email: [email protected] / [email protected]
Alvin Kiang/Serina Anthony
Senior Executives
Edelman Public
Tel: +603- 2287-8689
Email: [email protected]
[email protected]
About Multimedia Development Corporation (MDeC)
The Multimedia Development Corporation (MDeC) was incorporated in 1996 to
strategically advise the Malaysian Government on legislation, policies and standards for
ICT and multimedia operations as well as to oversee the development of the Malaysian
Multimedia Super Corridor (now MSC Malaysia), the platform to nurture the growth of
Malaysian Small and Medium Enterprises (SMEs) in the IT industry whilst attracting
participation from global ICT companies to invest in and develop cutting edge digital and
creative solutions in Malaysia.
In 2011, MDeC’s mandate was broadened by the Prime Minister to include driving Malaysia's
transition towards a developed digital economy by 2020 through Digital Malaysia. In
2012, Digital Malaysia was official unveiled as the nation’s transformational programmer to
achieve this aim. Digital Malaysia is a vision of a digital nation that is fully
developed with a sustainable digital economy built upon a vibrant domestic ICT industry,
transformative use of digital solutions by government, businesses and citizens, as well as a
robust enabling ecosystem.
Today, both MSC Malaysia and Digital Malaysia run concurrently to spur Malaysia’s ICT
industry development and digital transformation, under the purview of MDeC.
For more information, please visit:
www.mdec.my, www.mscmalaysia.my and www.digitalmalaysia.my.
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