MALAYSIA’S youth unemployment rate stands at 10.8% and prospects for local graduates seem to be shrinking more and more. I believe one of the reasons for this is that employers are increasingly finding Malaysian graduates significantly underskilled and lacking crucial competencies in the emerging technologies and developing industries gaining traction in Malaysia.
Investments in smart city infrastructure, integration of artificial intelligence technology, and new IT services in finance require effective digital know-how. The issue, however, is the intense pace of development in these areas, making it difficult for local graduates to be up to the mark at the time of graduation.