Govt reorganising Malaysia Productivity Corporation


KULIM: The government will be reorganising the Malaysia Productivity Corporation (MPC) as part of its plans to see a greater push to make productivity and innovation important pillars in achieving a higher level of growth.

Disclosing this, Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said if Malaysia is to transform into a high income economy, it should ensure the new economic model remains private sector driven.

He said the reorganisation of MPC was aimed at enhancing its capacity so that it will be able to better contribute towards inculcating innovation culture in the country.

"On the other hand, the Ministry of International Trade and Industry and its agencies will be facilitators of the business environment to ensure that the public-private partnership remains dynamic," he said at the launching of Intel Kulim US$230 million Microprocessor and Chipset Operations (MKCO) here, on Tuesday.

Mustapa said the government always encouraged feedback from the business community on how the two parties can work together to make their investment more successful.

He said Intel's continued expansion of its manufacturing operations in Malaysia was a testament of the country's attractiveness for foreign direct investment and the value the local workforce provided.

"We can expect the electrical and electronics (E&E) industry to continue to record sginificant growth, driven by advancement in nanotechnology, radio frequency identification, wireless technology, micro-electro-mechanical systems, photonics, laser technology and intelligent software; and knowledge-based activities, including research, design and development (D&D)."

Later, Mustapa told reporters that the government will provide customised incentives to attract strategic investors to invest in a high technology projects in Malaysia.

"We are also creating better incentives for the current investors to re-invest in the country...we can see the trend this year is much more better after the second half," he said.

Mustapa also stressed that the government promoted the entire nation during its mission overseas including Sabah, Sarawak and Iskandar Malaysia. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

KPMG to pay RM333mil to M’sian govt as 1MDB settlement, says Finance Ministry
China stocks down over 1% on Evergrande fallout fears
Tobacco firm Philip Morris seals deal for UK's Vectura with 75% support
Asian shares fall on Chinese developers' woes
Japan cuts economic view on weaker production, spending due to Covid revival
HK stocks drop 2% to 2021 low on Evergrande contagion fears
Indonesia's Telkom to pursue IPO of unit in Q4, plans spinoffs
Malaysia's Kimanis oil exports to fall on issue at Shell field
Oil prices extend gains after draw in U.S. stocks
Asian shares fall again, dollar drifts

Stories You'll Enjoy


Vouchers