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Monday, 12 Apr 2021 08:44 PM MYT A bird's-eye view of Kuala Lumpur July 8, 2020. — Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 12 — Malaysian companies must innovate and increase their value proposition through research and development (R&D) to compete in the market, as only 3.5 per cent of Malaysian firms have introduced new products in the last three years, said Malaysian Investment Development Authority (Mida). Its executive director strategic planning (manufacturing) Choo Wai Meng, citing The World Bank...

17 Mar 2021 / 09:30 H. World Bank lead economist has urged Malaysia to raise the rate of women’s participation in the labour force. – REUTERSPIX PETALING JAYA: The World Bank has laid out the need for Malaysia to adopt and implement a series of economic reforms as it is at a critical position to make the transition into a high-income nation within four to eight years, according to its country manager, Firas Raad. He said the government needs to embark on reforms relating to competitiveness, labour participation of women, investments, share of high skilled employment as well as fiscal ...

Share New Delhi: Malaysia is likely to transition to a high-income economy between 2024 and 2028, a reflection of the country’s economic transformation development trajectory over past decades. However, further reforms are required to successfully join the ranks of other leading and developed economies, according to a new World Bank report – Aiming High – Navigating the Next Stage of Malaysia’s Development launched today. Malaysia‘s GNI per capita is at US$11,200 according to latest estimates, only US$1,335 short of the current threshold level that defines a high-income economy. Pro...

KUALA LUMPUR (March 16): The factor-driven growth that has served the country well in the past to bring it on the cusp of attaining high-income status is not enough to carry the nation past the high-income threshold, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said this factor-driven growth is becoming more costly to sustain, with every unit of input injected into the economy yielding less gross domestic product (GDP) growth compared to the past. “New sources of growth are needed to ensure that it is driven by multifactor productivity. We...

16 Mar 2021 / 13:36 H. Bernama KUALA LUMPUR: The factor-driven growth that has served the country well in the past to bring it on the cusp of attaining high-income status is not enough to carry the nation past the high-income threshold, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed (pix). He said this factor-driven growth is becoming more costly to sustain, with every unit of input injected into the economy yielding less Gross Domestic Product growth compared to the past. “New sources of growth are needed to ensure that it is driven by multifacto...