Malaysia Productivity Corporation Leads 3.6% Growth Target Initiative Under 13th Malaysia Plan
The Malaysia Productivity Corporation (MPC) is spearheading efforts to achieve a 3.6% annual productivity growth target under the 13th Malaysia Plan, focusing on digitalisation, talent development, and regulatory reform. A key initiative is the 'place and train' model, which aligns training with industry needs. The semiconductor sector aims for RM1 trillion in exports, necessitating a skilled labor supply. UWC Bhd reports increased participant intake from 12 to over 100 in the Academy in Industry program, enhancing graduates' career prospects.
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The Malaysia Productivity Corporation (MPC) is advancing a 3.6% annual productivity growth target as part of the 13th Malaysia Plan, emphasizing digitalisation, skilled workforce development, and regulatory reform. A significant initiative is the 'place and train' model designed to align training with industry requirements.
This model, recognized by the government, involves collaboration among four ministries and targets high-value sectors, including the semiconductor industry, which aims for RM1 trillion in exports. UWC Bhd noted a rise in participant intake in the Academy in Industry program, from 12 in 2023 to over 100, demonstrating improved career prospects for graduates.
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