Malaysia's e-commerce income can breach US$237 billion this year

KUALA LUMPUR, April 7 (Bernama) -- Malaysia’s e-commerce income is again expected to surpass the RM1 trillion (US$237 billion) mark this year, after hitting RM1.1 trillion (US$260.7 billion) last year. The chief executive of Malaysia Digital Economy Corporation (MDEC) Mahadhir Aziz said the projection is in line with the country’s aim of achieving an e-commerce market size worth RM1.65 trillion (US$391.1 billion) by 2025. “Based on our data and trend, we are confident (e-commerce income) of achieving more than RM1 trillion (this year). This is premised on the situation of the movement control order previously which led to a spike in the e-commerce business. “But there is already a momentum and therefore it is important for us to bring more new programmes that are broader and cover all aspects such as demographics and others,” he said in a media briefing through the Zoom application Thursday. In February, the Department of Statistics revealed that e-commerce income hit RM1.1 trillion in 2021, an increase of 21.8 per cent from 2020. -- BERNAMA