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DNEX (4456) DAGANG NEXCHANGE BHD & Boost's take on 2022 Budget

The RM200 million allocation in 2022 Budget for digitalisation of small and medium enterprises (SMEs) can help accelerate the economic recovery.

KUALA LUMPUR: The RM200 million allocation in 2022 Budget for digitalisation of small and medium enterprises (SMEs) can help accelerate the economic recovery, Dagang Nexchange Bhd (DNeX) group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said.

Syed Zainal said the adoption of digital solutions may not be a challenge for the bigger companies but could be lagging among SMEs.

This is where digital systems providers can play their role in providing solutions that are suited for the SME market, modular solutions where SMEs can pick and choose the right systems they need, and subscription-based systems.

"At DNeX, we aim to be a trusted partner in the digitalisation journey of customers, and will continuously seek opportunities to help customers, either in the public or private sector, enhance operational efficiency and increase their customer experience by strengthening their digital reach," he said in a statement.

Syed Zainal said the RM423 million allocation under the Ministry of Science, Technology and Innovation and Ministry of Higher Education to increase research and development activities towards innovations was in line with the development of science and technology.

It will also encourage collaboration with industry partners.

Boost chief executive officer Sheyantha Abeykoon said the national budget emphasised inclusive recovery strategies, building resilience, and stimulating growth to rebuild the Malaysian economy, while safeguarding the wellbeing of the rakyat and local businesses.

Abeykoon said the RM40 billion allocated for the Semarak Niaga Keluarga Malaysia programme, with a focus on increasing financing access to the MSMEs, will go a long way to shore up resources for long-term and sustainable recovery.

"Serving the underserved and unserved is in Boost's DNA that puts us very much aligned to the government's direction and we will continue to complement the MSME initiatives proposed in the budget.

"With our digital payment, merchant solutions and digital alternative financing businesses, we are focused on ensuring local small businesses have access to powerful, yet simple to use, digital tools as well as low-cost business capital," he said.

Abeykoon said the government has continued to draw up digitalisation plans for MSMEs with the enhancement of the SME Digitalisation Grant and extension of the Go-eCommerce Onboarding and Shop Malaysia Online campaigns into next year.

Boost is equally excited to see the implementation of the proposed e-Start programme that offers a one-off RM150 eWallet incentive that will benefit two million youths aged 18-20 years old and students in higher education institutions.

"Following on the heels of the successful eBelia initiative this year, we believe this will further drive cashless payment adoption. Another crucial building block proposed by the government is to further the MyDIGITAL agenda.

"A key initiative to look forward to is the National Digital Identity project that we are confident will contribute to building a robust digital ecosystem with seamless interoperability between various digital services including digital payments," he added.

https://www.nst.com.my/business/2021/10/741454/dnex-boosts-take-2022-budget

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