Malaysia in the New Global Context Realising Malaysia’s True Potential

CEO FORUM 2012
Malaysia in the New Global Context Realising Malaysia’s True Potential
19 September 2012

The Global Economic Outlook and New Growth Drivers for Malaysia, 2012 and Beyond
-          Malaysia ought to focus on long term/structural growth
-          Rebalancing of China means increase wages and increase R&D. The formal would benefit Malaysia in terms of factories shifting from China to Malaysia however the later means Malaysia high-skilled workers might be in demand/moving to China.
-          Malaysia ought to increase tax/fiscal, reduce household debts, improve regulatory, and improve competitiveness.
-          Industries that would soar: Services, Oil & Gas & Energy, Knowledge-based & high value-added manufacturing. Specific examples are High-tech products, green & eco products, medical/health, solar, LED.

Where For Art Thou, Malaysian Talent – How Business, the Government and the Higher Education Sector Can Work Together to Address Malaysia’s Talent Gaps
-          In the 70’s, students found jobs with ANY degree qualification
-          In the 80’s, students found jobs with the RIGHT degree qualification
-          In the 90’s, with the above, students found jobs with specific subjects being studied
-          The above phenomenon happens due to global competition, government regulatory and companies being picky
-          When employers are blaming on talent gaps, they should rethink whether there is really a gap or the employment requirement is too high and with little pay.
-          Universities and Employers ought to provide more experience-showed training instead of just classroom training

The Race for Resources: How Can Malaysia Best Overcome Its Resource Challenge and Ensure Sustainability of Its Resources?
-          We do not inherit the Earth from our Ancestors, we borrow it from our Children