Local talents under utilised

Siemens AG managing board member for Asia, Australia and Energy Management Cedrik Neike said that the company has been operating in Malaysia for the past 110 years and will continue to contribute to its digital transformation journey. — Siemens

Local businesses are not transforming themselves fast enough to benefit from the digitalisation of the global economy, said Economic Planning Unit (EPU) deputy director general Johan Mahmood Merican.

He said the companies are too reliant on cheap, unskilled foreign labour. Instead they should be reskilling and upskilling their ­existing talent pool by assisting them in learning new skills that are relevant in the digital age.