Change to raise productivity

INTERNATIONAL Trade and Industry Minister Datuk Seri Mustapa Mohamed launched the Productivity Report 2015/16 on June 16 stressing rightly that “enhancement of productivity is crucial for Malaysia to remain competitive in the area of trade as well as to attract investments.”

However, productivity grew by only 3.3% last year to RM75,538 compared to the 11th Malaysia Plan target of 3.7% per annum. This year, productivity is estimated to grow at an even slower pace of between 2.5% and 3.5%! But we hope to do better than last year although this seems unlikely.