Intel sees business growth with greater IT spending

December 11, 2012

By Sathish Govind

KUALA LUMPUR: Intel Electronics (M) Sdn Bhd is confident that increased consumer spending and the growth of small and medium enterprises (SMEs) will drive its business in Malaysia, country manager Malaysia and Brunei, Prakash Mallya , said.

He said the increasing number of SMEs coming onstream and many of them embracing technology at faster pace will see increased business opportunities for Intel in Malaysia. Prakash did not reveal growth estimates.

In addition, Prakash said that the Malaysian government’s initiatives of encouraging entrepreneurs and innovation with its focus on education will see the country embracing technology at a faster pace and this would see more business opportunities for Intel here.

“The recently announced education blueprint is set to see the creation of skilled workforce and increased gross domestic product [GDP] in Malaysia. We see a strong correlation between information technology [IT] spending and increase in GDP,” he said at a press briefing here yesterday.

Meanwhile, Uday Marty, managing director of Intel Technology Asia Pte Ltd, said the Asia-Pacific region represents an important earnings contributor to Intel because there are a lot of people demanding connectivity and are increasing investment in IT spending.

He said corporations in the region are devoting large portions of corporate budgets to IT-led innovations.

“The higher expenditure in IT in Southeast Asian countries to drive their productivity is likely to augur well for Intel,” he said.

Photo: Intel Technology Asia Pte Ltd managing director Uday Marty addressing the crowd at the media briefing in Kuala Lumpur yesterday. – The Malaysian Reserve

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