Mustapa: Malaysia Continues To Intensify Productivity, Innovation Programmes
KUALA LUMPUR, April 19 (Bernama) -- Malaysia will continue to intensify its productivity and innovation programmes towards creation of high value-added activities in the economy, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
He said special emphasis will be given to productivity enablers specifically focusing on skills development to facilitate industries to move up the value chain, promoting the development of concentrated industrial clusters and supporting ecosystem, increase target investment quality and increasingly invest into the enablers of innovation.
"To contribute to the high-income target, we have to ensure that total factor productivity (TFP) grow by 2.3 per cent per annum to contribute to a 4.6 per cent productivity growth per annum," he said at the 53rd Asian Productivity Organisation (APO) Governing Body Meeting here Tuesday.
Mustapa said the ability to leverage on innovation as a key driver of growth has become significantly important in enhancing productivity and competitiveness.
He said Malaysian companies need to improve their productivity to remain competitive in the global market.
At the event, five individuals, who have contributed significantly to advancing the productivity movement in the Asia-Pacific region, received awards.
The awardees are Dr Tyzz-Jiun Duh (China), Rachmat Gobel (Indonesia), Tsuneaki Taniguchi (Japan), Dr Dong-Kyu Choi (South Korea) and former Philippines president Fidel Ramos.
APO, an inter-governmental organisation of 20-member economies, is the prime mover in productivity-enhancing initiatives in the Asia-Pacific region. -- BERNAMA
| « Cashless Facility To Extend To Small Business Owners | | | SMEs To Get Human Resource Development Centre, Says Minister » |
