Acknowledging the complexities and uncertainties characterising Malaysia’s economic landscape, they emphasised economic diversification, technological innovation and the creation of highly skilled jobs to ensure long-term business sustainability and growth in the country.
Soh emphasised the need to reduce bureaucratic restrictions and streamline, monitor and track the investment processes. Soh highlighted Malaysia’s vast food production potential, extending beyond food security, availability and affordability. He said there was a need to transform the Malaysian business environment to make it more attractive for retaining and attracting high-quality investment.Furthermore, he stressed that ensuring the long-term sustainability of businesses, especially MSMEs, was essential to ensuring their resilience during challenging times.
“TVET is crucial for producing highly skilled workers in line with IR 4.0, and Malaysia needs to rapidly increase the percentage of highly skilled employees to 35% by 2025,” he said.