Malaysia's e-commerce income grows 5.4 pct in Q3

Malaysia's e-commerce income grew 5.4 percent year-on-year to 289.5 billion ringgit (62.29 billion U.S. dollars) in the third quarter, official data showed on Wednesday.

The Department of Statistics Malaysia (DOM) said in a statement that for a quarter-on-quarter comparison, Malaysia's e-commerce income also maintained a positive trend with a 3.2-percent increase.

It is noted that information and communication technology (ICT) and e-commerce generated an added value of 412.3 billion ringgit in 2022 with a growth of 14.8 percent.

The contribution of ICT and e-commerce to Malaysia's economy reached 23 percent last year. (1 ringgit equals 0.22 U.S. dollars)

Source: Xinhua

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