Malaysia must increase productivity growth

Malaysia must increase productivity growthIf Malaysia wishes to attain developed nation status by 2020, as is the government’s goal, its productive growth must grow by at least 5% a year. The Malaysia Productivity Corporation (MPC) suggests, though, that growth will only reach about 4.7% this year, as opposed to last year’s 5.8%. Most of the growth came in the manufacturing, utilities, transport and communication industries.

Overall, key government players remain optimistic that Malaysia can reach prime economic viability. “I believe we can attain the set targets,” said MPC’s director general.  He suggested that the warming of the international economic climate will help meet the goal, along with the policies set forth by the Malaysian government to increase production across all industries. Malaysia lags behind several developing Asian countries in terms of productive growth (Singapore, China, India, Thailand and Hong Kong rate higher) but leads South Korea, Japan, Sweden, Germany, the USA, and Finland.

 



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If Malaysia wishes to attain developed nation status by 2020, as is the government’s goal, its productive growth must grow by at least 5% a year. The Malaysia Productivity Corporation (MPC) suggests, though, that growth will only reach about 4.7% this year, as opposed to last year’s 5.8%. Most of the growth came in the manufacturing, utilities, transport and communication industries. Overall, key government players remain optimistic that Malaysia can reach prime economic viability. "I believe we can attain the set targets," said MPC’s director general.  He suggested that the warming of the international economic climate will help meet the...

Malaysia must increase productivity growthIf Malaysia wishes to attain developed nation status by 2020, as is the government’s goal, its productive growth must grow by at least 5% a year. The Malaysia Productivity Corporation (MPC) suggests, though, that growth will only reach about 4.7% this year, as opposed to last year’s 5.8%. Most of the growth came in the manufacturing, utilities, transport and communication industries.

Overall, key government players remain optimistic that Malaysia can reach prime economic viability. “I believe we can attain the set targets,” said MPC’s director general.  He suggested that the warming of the international economic climate will help meet the goal, along with the policies set forth by the Malaysian government to increase production across all industries. Malaysia lags behind several developing Asian countries in terms of productive growth (Singapore, China, India, Thailand and Hong Kong rate higher) but leads South Korea, Japan, Sweden, Germany, the USA, and Finland.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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