Collaborating for mutual advantage

Clever move: Vignaesvaran says to remain competitive, Malaysia is shifting from labour-intensive to knowledge- and innovation-based economic activities.

Malaysia is inching closer towards the pinnacle of advancement. As the goal of becoming a high-income economy is only achievable with a competent local workforce, Pembangunan Sumber Manusia Berhad or the Human Resources Development Fund (HRDF) has actively enforced the Pembangunan Sumber Manusia Berhad Act 2001 to spearhead the growth of human capital through certification, training programmes and other initiatives.

According to HRDF chief executive Datuk CM Vignaesvaran Jeyandran, Malaysia is the third largest economy in South-East Asia by gross domestic product per capita, but the nation cannot rest on its laurels.