<p>The country's telecommunication company Telekom Malaysia has been tasked with laying the optical fibre and is expected to complete half the job by next year.<br /><br />Prime Minister Najib Razak said the high-speed broadband network of between 10Mbps and 1Gbps would give the public, businesses and government agencies a competitive boost via cutting edge communications.<br /><br />He said Malaysia needed a new paradigm not only to help the country catch up from where it was left behind but also take on a quantum leap to the ranks of developed nations.<br /><br />It would also offer the country a platform to develop the information and communication technology of tomorrow, Najib said yesterday at the opening of the 12th Multimedia Super Corridor (MSC) International Advisory Panel meeting here.<br />He said the step would help the country catch up with global leaders in industrial developments.<br />He felt that the country's prior focus on attracting foreign investment as a lowcost producer had now created a dilemma. <br /><br />"Our industrial advancement has not kept pace with global leaders and we remain somewhat under- developed in this respect" Nazib said. A new economic model would be introduced by the year-end with emphasis on innovation, creativity and high-value activities, he added.<br /><br />Najib said the push for Multimedia Super Corridor Malaysia as a platform for developing world class ICT applications and a seeding ground for Silicon Valley-type entrepreneurs was vital, saying no economy could claim to be developed without having a significant technological component.<br />"Countries which are technologically advanced have and will continue to triumph while those that fail to make innovation a centrepiece of the economy will fall behind".<br /><br />"It is no accident that technologically-advanced countries, like the US, Japan, Switzerland, Sweden, Canada and Australia, also dominate the list of the world’s wealthiest nations," he was quoted by local New Starits Times as saying.</p>
<p>The country's telecommunication company Telekom Malaysia has been tasked with laying the optical fibre and is expected to complete half the job by next year.<br /><br />Prime Minister Najib Razak said the high-speed broadband network of between 10Mbps and 1Gbps would give the public, businesses and government agencies a competitive boost via cutting edge communications.<br /><br />He said Malaysia needed a new paradigm not only to help the country catch up from where it was left behind but also take on a quantum leap to the ranks of developed nations.<br /><br />It would also offer the country a platform to develop the information and communication technology of tomorrow, Najib said yesterday at the opening of the 12th Multimedia Super Corridor (MSC) International Advisory Panel meeting here.<br />He said the step would help the country catch up with global leaders in industrial developments.<br />He felt that the country's prior focus on attracting foreign investment as a lowcost producer had now created a dilemma. <br /><br />"Our industrial advancement has not kept pace with global leaders and we remain somewhat under- developed in this respect" Nazib said. A new economic model would be introduced by the year-end with emphasis on innovation, creativity and high-value activities, he added.<br /><br />Najib said the push for Multimedia Super Corridor Malaysia as a platform for developing world class ICT applications and a seeding ground for Silicon Valley-type entrepreneurs was vital, saying no economy could claim to be developed without having a significant technological component.<br />"Countries which are technologically advanced have and will continue to triumph while those that fail to make innovation a centrepiece of the economy will fall behind".<br /><br />"It is no accident that technologically-advanced countries, like the US, Japan, Switzerland, Sweden, Canada and Australia, also dominate the list of the world’s wealthiest nations," he was quoted by local New Starits Times as saying.</p>
