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Raymond Siva
Senior Vice President, Investment and Brand, Chief Marketing Officer at Malaysia Digital Economy Corporation (MDEC)
Raymond Siva is a prominent figure in Malaysia's digital economy, currently serving as the Senior Vice President of Investment and Brand and Chief Marketing Officer at the Malaysia Digital Economy Corporation (MDEC). He has over 25 years of experience in strategic communications, investor strategy, and crisis management, making him a key player in fostering Malaysia's digital transformation and economic development.
Career Highlights
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MDEC Leadership: Raymond Siva joined MDEC in October 2019 as the Chief Marketing Officer and later took on the role of Senior Vice President for Digital Investment in December 2020. His responsibilities include promoting Malaysia as a hub for digital investment and enhancing stakeholder engagement within the tech ecosystem.12
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World Economic Forum: Prior to his tenure at MDEC, he was involved with the World Economic Forum, where he led investor promotion efforts for both public and private sectors during five annual meetings in Davos.1
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IPO Expertise: He has played a significant role in spearheading various Initial Public Offerings (IPOs) in Malaysia and Indonesia, including notable projects that set records in Asia.1
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Recognition: Siva has received accolades for his contributions to the technology sector, including a Special Recognition Award from PIKOM for his efforts to position Malaysia on the global technology map.2
Recent Developments
As of October 2024, it was reported that Raymond Siva departed from MDEC along with another senior leader, Gopi Ganesalingam. Their exit was seen as a significant loss for MDEC and the broader Malaysian tech community due to their impactful leadership and contributions to nurturing public-private partnerships and attracting foreign investments.2
Raymond Siva's extensive background in digital investments and strategic marketing continues to influence Malaysia's aspirations to become a leading digital economy in Southeast Asia.
Highlights
RM9 billion investment, 65,000 jobs creation. All in the State of Johor.
I recently had an invigorating week in the State, witnessing digital transformation on the ground. The Tech Medini initiative by Iskandar Investment Berhad aims to attract RM9 billion in investments and create 65,000 jobs by 2030.
A tour of Iskandar Malaysia Studios revealed world-class facilities, firmly establishing Malaysia as a formidable player in regional and global entertainment.
The highlight was witnessing the groundbreaking ceremony by YB Gobind Singh Deo Minister of Digital Malaysia and The Honorable Low Yen Ling, Senior Minister of State, Ministry of Trade and Industry Singapore, for the Nxera-Singtel and TM data centre - a 64MW, state-of-the-art facility set to reinforce Malaysia's digital infrastructure network.
This AI-ready, sustainable campus, expandable to 200MW, epitomises the Johor-Singapore Special Economic Zone's (JS-SEZ) potential. The JS-SEZ is set to enhance cross-border flows of goods and people while accelerating investment.
The JS-SEZ underscores the two countries’ close economic ties. As mentioned by Senior Minister Low, Singapore accounted for more than 20% of the total FDI Malaysia received.
Two Countries, One Economy. Greater Together.
These developments align with projections indicating Malaysia's #digitaleconomy contribution to GDP hitting 25.5% by the end of 2025. Johor will be a key driver of this growth.
Investors I engage with view ASEAN as a large market of almost 700million, young and digitally-savvy. Others see the region as a stable and value-driven hub to ensure global supply chain resilience.
I strongly believe Johor presents a compelling value proposition in ASEAN. Malaysia Digital Economy Corporation (MDEC) will continue our efforts to collaborate with the State to drive growth of the digital economy here.
#thinkpossible #digitalinvestment #MalaysiaDigital
Iskandar Investment Berhad Dato Idzham Mohd Hashim Iskandar Malaysia Studios Telekom Malaysia Singtel Invest Johor EUROCHAM Malaysia AMCHAM Malaysia (American Malaysian Chamber of Commerce) British Malaysian Chamber of Commerce (BMCC) Malaysia-China Business Council IMDA Singapore Economic Development Board (EDB) Consortium of Indian Industries in Malaysia Nxera
Hello 2024, Thank you 2023!
2023 was a year of acceleration, achievements and also anomalies. Activities that closed 2023 included an immediate response to the unveiling of Australia’s Southeast Asia Economic Strategy to 2040 following the Moore Report. The business mission to Australia in September resulted in RM204.5 million funnel of business opportunities and collaboration between both our digital ecosystems.
As at Dec 2023, there are over 70 Australian MD companies, collectively bringing a total investment value of more than RM7.6 billion and creating over 2,000 jobs. They include major data centre players like AirTrunk and NEXTDC, on top of other tech companies such as Symbio who set up regional offices here in our country.
The Malaysia Digital Networking Night and high level roundtable hosted in collaboration with Global Victoria and Australia Malaysia Business Council Victoria was very productive, resulting in a strong funnel of business opportunities for 2024.
The highlight was MDEC and Australian Trade and Investment Commission (Austrade) signing a MoU towards innovation and collaboration - deepening the momentum of Malaysia-Australia ties.
Following that, we canvassed the largest gathering of the digital and tech ecosystem at #WebSummit 2023 in Lisbon to get VCs, investors and innovative scale ups to understand ASEAN and expand into the region via Malaysia.
Ended the year in Helsinki, Finland, with a fruitful trip to Slush, Europe's premier tech event. Built a strong bridge with the Nordic countries, while celebrating 50 years of Malaysia-Finland ties.
I do want to take a moment to say thank you to Minister YB Fahmi Fadzil and the Ministry of Communications or their support throughout 2023.
And a very warm welcome to Minister YB Gobind Singh Deo our new Minister of Digital. Exciting times ahead!
A call to all the wonderful and supportive partners we engaged in 2023, lets keep up this momentum in 2024 and beyond.
#thinkpossible #digitalinvestment #MalaysiaDigital
Ts. Mahadhir Aziz, PMP ASX Ultradata Cremorne Digital Hub ASTN - Australian Sports Technologies Network FinTech Australia AIIA Western Australia LaunchVic GreenSquareDC™ Nokia Business Finland Helsinki Partners Malaysian Embassy Helsinki Nordic Apiary EUROCHAM Malaysia Malaysian-German Chamber of Commerce and Industry | AHK Malaysia Malaysian Dutch Business Council (MDBC) Canadian Chamber of Commerce in Malaysia La French Tech Malaysia
