EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Thursday, October 5, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Malaysia faces distinct challenges towards achieving WKB 2030

by moneycompass
July 8, 2020
in Local Market News
WKB 2030
Share on FacebookShare on WhatsApp

PUTRAJAYA – Malaysia faces distinct challenges going forward in its march towards the Shared Prosperity Vision (WKB) 2030, which among others, constitute enhancing economic growth, encouraging the use of technology in the manufacturing and services industry, and bridging development gaps.

Minister in the Prime Minister’s Department (Special Functions) Datuk Seri Mohd Redzuan Md Yusof said the use of technology is still low in the manufacturing and services industry.

“Although the sector contributes almost 79 per cent to Gross Domestic Product (GDP), the level of technology use is still low at between 20 per cent and 37 per cent,” he said after officiating the Business Blueprint Industry 4.0 Technology Plan 2020 launched by bird nest producer MyNest Group Malaysia here on Tuesday (July 7) night.

Present was MyNest Group Malaysia director and chief executive officer Datuk Chua Huai Gen.

Mohd Redzuan said as the income gap between urban and rural households has expanded nearly six times in the last 27 years, the economic challenge was to ensure that no group was left behind in sharing the country’s prosperity.

He said hence, the WKB 2030 is important to ensure Malaysia continues its sustainable development, in tandem with a fair and inclusive economic distribution at all levels of income groups, ethnicities, regions and supply chains.

Even though the implementation of the WKB 2030 encompasses all rakyat, he said it needs to take into consideration the priorities of equitable interests of certain groups so that their socio-economic status would be enhanced so as not to miss out on the government’s efforts to achieve the vision.

On the Business Blueprint Industry 4.0 Technology Plan 2020, Mohd Redzuan said it has made MyNest the world’s first bird nest operator to adopt the 4.0 technology, which would not only increase its production but also lower its costs.

“With the help of this technology, it will also increase the company’s competitiveness and reduce its dependence on foreign workers,” he said.

He said the technological advancements used will enhance local worker skills in the areas of management, high-tech robotics maintenance, as well as in Artificial Intelligence (AI) and automated sensors.

– Bernama

 

Read more: Good governance, solidarity in ASEAN vital to address COVID-19 crisis

Tags: Artificial Intelligencedigital technologydigitalisation
ShareSendShareSendTweetShare
Previous Post

Sun Life Hong Kong Boosts Diabetes Awareness

Next Post

Delta Provides Fastest DC EV Charger in Singapore to ComfortDelGro

Related Posts

Loh Guat Lan, President of LIAM
Local Market News

Life Insurers Offer Relief Measures to Assist Flood Victims

08 Mar 2023
Bursa Malaysia
Current News

Bursa Malaysia enhances Islamic securities

10 Feb 2023
Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023

Discussion about this post

MOST POPULAR

  • Diversity Thrives, Inclusion Prevails: HR Asia Best Companies to Work for in Asia Thailand 2023 Honors 73 Champions of an Inclusive Workforce

    0 shares
    Share 0 Tweet 0
  • Osman Ershad Faiz Recognised In The 2023 Heroes Role Model Top 20 Lists

    0 shares
    Share 0 Tweet 0
  • EN+ Silk Series EV Charger Wins MUSE Design Awards 2022

    0 shares
    Share 0 Tweet 0
  • BizLink enhances its robotic portfolio in dresspack systems

    0 shares
    Share 0 Tweet 0
  • Hong Leong Bank, Hong Leong Islamic Bank and Cagamas Berhad Conclude RM300 Million Green Assets Transaction

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER