New e-commerce Bill expected to be finalised this year
BATU KAWAN: The government aims to finalise the drafting of a new e-commerce Bill this year, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.
The Malaysian government aims to finalise the drafting of a new e-commerce Bill this year, according to Domestic Trade and Cost of Living Minister Armizan Mohd Ali. The ministry has approved a policy decision to replace the outdated Electronic Commerce Act 2006 with a more comprehensive law, but the process will require coordination between ministries and extensive engagement with stakeholders, including e-commerce platforms, service providers, and industry players.
Two committees have been established to expedite the drafting of the Bill, focusing on matters such as the division of responsibilities among ministries and regulatory mechanisms for e-commerce platforms. The next stage involves a regulatory impact assessment in collaboration with the Malaysia Productivity Corporation before the Bill is submitted for further consideration.
The government aims to strike a balance between comprehensive regulation and avoiding hampering the growth of the e-commerce sector.
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