KUALA LUMPUR: The communications and multimedia industry (C&M) remains sustainable despite the challenges posed by the Covid-19 pandemic, as the rise in online transactions as well as online learning and work-from-home activities boosted demand for its services.
In its Industry Performance Report 2020, the Malaysian Communications and Multimedia Commission (MCMC) said the C&M industry contributed 7.9% or RM142.96bil to Bursa Malaysia’s total market capitalisation of RM1.81 trillion in 2020.
“Nevertheless, market capitalisation of the C&M industry declined by 0.7% in 2020 compared to 2019 due to the Covid-19 pandemic, which resulted in disruptions in demand as well as the emergence of several new trends,” it said in a statement.
...