Mindset issue

research taken from malaysiaPrepared by:HMM & HHH

Enhancing jobs strategyMalaysia adopted some strategies to create job such as:Adopting new technology with high value-added in the Second Industrial Master Plan (IMP2) such as biotechnology, nanotechnology, photonics, ICT and advance manufacturing.

Under the Ninth Malaysia Plan (2006-2010)Strengthen economic activities within the field of ICTIncreasing tradeEnhancing the development of small and medium enterpriseRecognizing the importance of self-employmentIncreasing public-private sector partnerships. Policies to promote diversification of product activities

Malaysia key indicatorSource: Institute of Labour Market Information & Analysis http://www.ilmia.gov.myWhat are Top Jobs in Brunei?- From the top jobs we can see the demand for it.

Labour Force Participation Rate by Age Group (1990 - 2012)

Source: Institute of Labour Market Information & Analysis http://www.ilmia.gov.myThere is the possibility that some young people have become discouraged and even disheartened by their employment potential or the kinds of jobs on offer. They are therefore deciding to stay longer in education status or even withdrawing from the workforce altogether. This worrisome tendency for Malaysia would need to be examined for validation. This phenomenon among youth has been specifically observed in many developed economies in the aftermath of the global economic crisis.

Labour market in malaysia

GAP AND CHALLENGES ON UNEMPLOYMENT

Youth employment- action plan (10th malaysian plan)

Public-private partnership (PPP) - MalaysiaPublic-Private Partnership (PPP) is one of the strategies of the 10th Malaysia Plan (10MP).A total of RM62.7 billion will be used to create public-private partnerships.To reduce the role of government in business and leverage the abilities of the private sector, the government will: Increase privatization and public-private partnerships in order to improve efficiency in delivery of services and reduce the financial burden on government Use a facilitation fund (RM20billion) to support private sector projects with strategic value for the nation (in infrastructure, education, tourism, health, etc.) Achieve an appropriate balance between government, GLCs, and the private sector that ensures Malaysian firms can effectively regionalize and globalize

*PRIVATIZATIONECONOMIC PLANNING UNITTaken from:World Bank PSD ConferenceMay 2006

SCOPE OF PRIVATIZATIONAirports RM10.0 bn /USS2.9 bnUrban Transportation RM12 bn/US$3.2bnPorts RM7.8 bn /US$2.1bnTelecommunications/ multimedia RM6.6 bn /US$1.7bn

*PRIVATIZATION ACHIEVEMENTS SINCE 1983Total privatized projectsExisting projectsNew projects

Workers transferred to the private sector

Savings (RM billion)Operating expenditureDevelopment expenditureProceeds from sale of Government equity

KLSE market capitalization (Oct 2005)RM billion (for 40 privatized entities)% to total market capitalization485346139

113,200

7.8154.0 28.9

174.123.0

By developing public-private partnership in infrastructure development

EstablishmentsFunctions1. Public-Private Partnership Unit (3PU) also known as Unit Kejasama Awan SwastaUnit established Apr 2009, under Prime Ministers Department.

Private sector participation and stimulate private sector in the national development agenda.

To plan, evaluate coordinate, negotiate and monitor public-private partnership projects implementation.

Amongst the achievements in the implementation of the national privatization policy are:Provided infrastructure facilities of world class stature such as the North - South Highway, the development of the Light Rail Transit (LRT), the Tanjung Pelepas Port and the development of the Kuala Lumpur International Airport (KLIA) projects; Created local conglomerate companies which are successful and competitive such as the Tenaga Nasional Berhad (National Electricity Board) and Telekom Malaysia Berhad; Provided employment opportunities in the private sector apart from producing a professional work force, especially amongst the Bumiputra; and Energised the country's capital market through capital investments of the private sector in privatised Government projects.

Establishments of units and programmes

EstablishmentsBackground / FunctionsImpacts2.National SME Development Council

[Enhancing Job Strategy, Ministry of Human Resources]Chaired by the Prime MinisterEstimated 519,000 SMEs employing an estimated 2.33 million workers. (2001-2006)

Establishments of units and programmes

EstablishmentsBackground / FunctionsImpacts3.PEMUDAHTo facilitate businesses in Malaysia by identifying improvements to existing Government processes and regulations, based on public feedback and global benchmarking reportsTo oversee the implementation of identified improvementsTo recommend business-related policy changes to the Cabinet, based on public feedbackThe Special Taskforce to Facilitate Business or Pemudahs relentless effort to facilitate ease of doing business in Malaysia has resulted in improved efficiency in a substantial number of related government agencies.-http://www.themalaysianinsider.com/business/article/pemudah-speeding-up-business

Prime Minister Datuk Seri Najib Tun Razak has commended the Special Taskforce to Facilitate Business (PEMUDAH), for its notable achievement last year in improving Malaysia's ranking from 23rd to 18th spot in the World Bank Doing Business report 2012.-http://www2.nst.com.my/nation/najib-commends-pemudah-for-improving-malaysia-s-ranking-1.52684

EstablishmentsBackground / FunctionsImpacts4. 1 Malaysia Training Scheme

[Source: New Straits Times, 2011]Unemployed graduates undergo training in government-linked corporations (GLCs) for a year.

1st phase- graduates 3000 graduates attend training at Bank Negara and 25 GLCs

Gender Target Aims To Transform Malaysian Boards, But May TakeTime

Source: Forbes Asia, 2014

What is the government doing to help female labor force participation?Provided incentives including tax incentives, for hiring back women who have left the workforce, and has stated the need to include more women on boards. Push the private sector to have a bigger emphasis on work-life balance

Key Dialogue -Productivity Competitiveness Conference 01 july 2014The key to Malaysia becoming a high income nation by the year 2020 is the ability of the people themselves to be creative to drive the economy unhindered so as to get the best results The state is still dependent on the government with 60% of employees being civil servants where nearly half of them having low-level qualifications where less than 6% are university graduatesThe country needed to start with youngsters in school to build up human capital. Benefits provided by the government such as the PTPTN education loans have made youths so complacent and privileged that they feel that they dont have to work for anythingProf Bart Van Ark (Executive Vice President and Chief Economist of The Conference Board), who runs a think tank in the Netherlands, blamed culture for resisting change in Malaysia saying that Malaysia needs a change in mindset to improve labour productivity and boost economic activities and growth in all sectors.

http://www.ukm.my/news/index.php/extras/1839-malaysians-needed-mindset-change-to-boost-economic-productivity.html

Government traNsformation programme (GTP)GTP commitment = People First, an initiatives implemented to ensure that the rakyat will experience tangible change.Part of the changes is Improving education standards to ensure that future Malaysians are best equipped to compete for employment and opportunities on the international stage.

Adressing weakness in malaysia labour force marketGreater female labour force participation is needed According to the Labour Force Survey Report 2010, Malaysias overall labour force participation rate in 2010 was 62.7%. However the male participation rate, at about 77%, is much higher than the female participation rate of 44%. Malaysias female participation rate is the lowest in the Southeast Asian region

The low female participation rate in the Malaysian labour force is due to, among other reasons, inflexible working arrangements and a lack of appropriate means to A low women to return to the workforce after leaving, for example to attend to family commitments.Come up with policies to improve service sector productivityThe new minimum wage law will benefit low income workersEnhancing Productivity of SMES

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