KUALA LUMPUR: Malaysia is set to accelerate its development amid challenges in talent acquisition and domestic investments after becoming a BRICS part...
Malaysia is set to accelerate its development amid challenges in talent acquisition and domestic investments after becoming a BRICS partner country.
“The talent gap is a structural issue. Producing the 60,000 skilled professionals needed for the semiconductor industry is an ongoing effort that involves connecting educational institutions with industry demands,” he told reporters at the Mida-MIER Budget Insights Forum today. Additionally, Shamsul said, the partnership with BRICS is seen as a critical step toward boosting domestic investments in high-growth and high-value industries.
On the outlook for 2025, Shamsul said Mida has set ambitious goals to strengthen domestic investment and reduce over-dependence on services, targeting a more balanced approach between manufacturing and high-tech industries. In another move to expand the renewable energy sector, Shamsul said, Malaysia is collaborating with authorities in the United States to enhance its solar industry.
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