KUALA LUMPUR, Oct 8\u00a0(NNN-Bernama) \u2013 Malaysia has a strong potential for robust productivity growth, \u00a0in line with the 12th\u00a0Malaysia Plan 2021-2025 (12MP) aspiration towards becoming\u00a0a high-income nation.<\/p>\n\n\n\n
In its Economic Outlook 2023 report released Friday, the Ministry of Finance (MoF) said the government has implemented several initiatives to strengthen Malaysia\u2019s productivity.<\/p>\n\n\n\n
These initiatives include accelerating the shift to digital technology, undertaking effective talent development, strengthening public-private collaboration, adopting good regulatory practices and enhancing innovation that could boost the economy.<\/p>\n\n\n\n
\u201cThe strengthening of Malaysia\u2019s productivity will provide a solid foundation to accelerate the economic growth momentum and boost the country\u2019s global competitiveness,\u201d MoF said.<\/p>\n\n\n\n
The ministry highlighted that the COVID-19 pandemic had strongly emphasised the need for a rapid shift to digital technology, which is essential under the new norms, noting that digital adoption allows all sectors to engage and collaborate virtually to increase productivity.<\/p>\n\n\n\n
\u201cThe government is committed to accelerating technology adoption through the establishment of the National Council of Digital Economy and Fourth Industrial Revolution.<\/p>\n\n\n\n
\u201cThe council provides clear and coherent policies on digitalisation and technology to scale up capabilities in technological advancements and spur the growth of the digital economy,\u201d it said.<\/p>\n\n\n\n
On effective talent development, the MoF said that the Malaysia Productivity Corporation (MPC) has been working on talent development with relevant stakeholders to build a productive workforce of the future.<\/p>\n\n\n\n
This effort aims to address the shortage of workers and provide opportunities for low performers in the national education system through dedicated programmes, the latest being Academy in Factory, it said.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Oct 8\u00a0(NNN-Bernama) \u2013 Malaysia has a strong potential for robust productivity growth, \u00a0in line with the 12th\u00a0Malaysia Plan 2021-2025 (12MP) aspiration towards becoming\u00a0a high-income nation. In its Economic Outlook 2023 report released Friday, the Ministry of Finance (MoF) said the government has implemented several initiatives to strengthen Malaysia\u2019s productivity. These initiatives include accelerating the shift to digital technology, […]<\/p>\n","protected":false},"author":30,"featured_media":142360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/194583"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194583"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/194583\/revisions"}],"predecessor-version":[{"id":194584,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/194583\/revisions\/194584"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/142360"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=194583"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=194583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}