Malaysia’s e-commerce industry could grow by 20% this year thanks to private industry and government support, says the nation’s information and communications technology association PIKOM.

PIKOM has organized National IT Month to highlight the benefits of the online economy. Events in July-August 2010 will include: the PC Fair 2010, E-Commerce Media Supplement, Strategic Review 2010, Leadership Summit, Business Success Forum, SME Business Success With ICT Series and the World Cyber Games Final Round.

The government sees e-commerce development is vital to promoting the interests of small and medium-sized enterprizes, increasing their visibility and creating opportunities for international business.

As it stands, Malaysia’s e-commerce industry represents around US$6 billion in business-to consumer-transactions, and around $20bn business-to-business.

source & article: Business Times