Communications and multimedia industry contributed 8.2% of Bursa Malaysia’s market capitalization in 2021 – Annuar

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KUALA LUMPUR (Sept 22): The Communications and Multimedia (C&M) industry contributed RM1,789.2 billion or 8.2% of Bursa Malaysia’s total market capitalization in 2021, an increase 2.8% compared to 2020.

Minister of Communications and Multimedia, Tan Sri Annuar Musa, said that according to the Industry Performance Report (IPR) 2021 released recently by the Malaysian Communications and Multimedia Commission (MCMC), the C&M sector remained competitive throughout last year despite the impact of the Covid-19 pandemic. .

“The C&M industry generated revenue of RM48.25 billion in 2021, up from RM46.52 billion the previous year.

“The increase was driven by the reopening of the economy and the stimulus programs put in place by the government,” he said in a statement posted on his Facebook on Thursday.

Annuar said that despite the challenges due to the Covid-19 pandemic, the country’s telecommunications sector has managed to fend off the impact of the pandemic, due to the increased demand for connectivity as well as the dependence of the public and the communication services companies.

He said that through the National Digital Network (JENDELA) initiative, the country’s broadband infrastructure has been improved to provide services in all populated areas, thereby encouraging customers to enjoy the benefits of broadband services. bandaged.

Subsequently, demand for mobile and fixed broadband services increased, contributing to an overall increase in broadband subscriptions of 8.4% to 45.75 million in 2021 from 42.19 million in 2020.

“Meanwhile, streaming services continued to put pressure on the country’s broadcasting sector, causing the sector’s revenue to decline by 1.9% to RM5.28 billion from RM5.38 billion. RM in 2020.

“In 2021, two new channels were introduced on MyFreeView, namely TV6 by RTM and TV Sarawak by Sarawak Media Group,” he said.

Annuar added that throughout the pandemic, the post and courier sector has continued to operate in a competitive market environment despite the rise of e-commerce and increased parcel deliveries.

“Revenue from the Postal and Courier Services segment decreased by 4.7% to RM2.66 billion from RM2.79 billion in the previous year.

“In 2021, the number of packages per capita in Malaysia was 23.5, which is an increase from the 14.1 recorded in 2020.

“The e-commerce sector has also seen an encouraging growth rate. For 2021, total e-commerce spending increased by 10.7% to RM28.5 billion from RM25.7 billion in 2020,” he said.

At the same time, the number of electronic payment transactions continued to register double-digit growth of 30% to reach 7.2 billion transactions in 2021.

He said that in 2022, digital technology usage is expected to remain high with the shift to using technologies such as artificial intelligence, secure access service edge (SASE), multi -cloud and edge computing.

Emphasis will also be placed on industry collaboration to take advantage of emerging new technologies, he said.

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