Malaysia emerging industries and better salaries
Let's look at what the Malaysian Government is doing right and what can be done better to attract investment
Over the past decade, Malaysia has witnessed significant economic growth through the emergence of various industries. The Malaysian government has played a crucial role in attracting domestic investment and spurring innovation in local companies. These efforts have led to the creation of numerous jobs in Malaysia. One of the fastest-growing industries in Malaysia is the digital economy. The government has launched various initiatives to promote the growth of the digital economy, including the Malaysia Digital Economy Corporation (MDEC). MDEC provides numerous programs to support the growth of digital companies, including funding, grants, and training programs. MDEC's report indicates that the digital economy contributed MYR 267.7 billion to Malaysia's GDP in 2020, with a projected increase of MYR 304 billion by 2022, creating approximately 500,000 new jobs in the next five years. #DigitalMalaysia #MDEC #GBSMalaysia #RecruitmentMalaysia
Another emerging industry in Malaysia is the global business services (GBS) sector. The government has launched several initiatives to attract multinational corporations to establish their GBS operations in Malaysia. GBS Malaysia, an agency under the Ministry of International Trade and Industry, provides various programs to support the growth of the GBS industry, including tax incentives and funding programs. According to GBS Malaysia's report, the GBS industry generated over 88,000 jobs in Malaysia in 2020, with a projected increase of 30,000 new jobs by 2025. #GBSMalaysia #InvestMalaysia #MIDA #RecruitmentMalaysia
The manufacturing industry is also a significant contributor to Malaysia's economy. The government has launched several initiatives to promote the growth of the manufacturing industry, including the National Industry 4.0 Policy Framework. This initiative aims to transform Malaysia's manufacturing industry into a high-value, knowledge-based industry. According to the Malaysian Investment Development Authority (MIDA), the manufacturing industry generated over 1.3 million jobs in 2020, with a projected increase of 300,000 new jobs by 2025. #MalaysiaManufacturing #Industry4.0 #MIDA #RecruitmentMalaysia
To support the growth of these emerging industries, Malaysian universities have made significant changes to their curriculum. Universities are offering courses in emerging technologies such as artificial intelligence, big data, and the Internet of Things (IoT). They are also launching incubators and accelerators to support the growth of local startups. The Ministry of Education Malaysia's report shows that since 2015, over 1,000 startup companies have been launched through university incubators, creating over 7,000 jobs. #MalaysiaUniversities #InnovationHubs #MDEC #RecruitmentMalaysia
These efforts have positioned Malaysia as an ideal destination for global companies to establish innovation hubs, providing job opportunities for hundreds of thousands of fresh graduates and knowledge workers. #InvestMalaysia #EmergingIndustries #MDEC #GBSMalaysia #MIDA #RecruitmentMalaysia
Malaysia has emerged as a significant player in the global economy due to the growth of various industries. The government has been instrumental in attracting domestic investment and spurring innovation in local companies. These efforts have resulted in the creation of numerous jobs, with a projected increase in the coming years. Additionally, Malaysian universities have made significant changes to their curriculum and launched incubators and accelerators to support the growth of local startups, which will further enhance Malaysia's attractiveness for job seekers. #RecruitmentMalaysia #MDEC #GBSMalaysia #MIDA #InvestMalaysia