Industry players need to respond
to high­income agenda: Forum
KUALA LUMPUR: More indus­
try players in Malaysia need to
respond to Malaysia's aspiration
to become a high­income nation
by 2020.
Great Vision Advisory Group,
Head of Tax and Financial
prepare themselves to be qualified
he said at a panel forum titled for the high­income vacancies as
'Malaysia Budget 2017 ­ Economic targeted by ETP.
Meanwhile, University of
Outiook,' at UCSI University cam­
Malaya, Principal Investigator in
pus here on Saturday.
Social Security Research Centre,
Chua said moving towards vision
Choo Siew Ming, said currently,
2020, businesses here needed to
ies and towards the automation,
Consulting, Datuk Chua Tia Guan, advance their operation, go up wages in Malaysia were still con­
said the government's Economic the value chain and don't depend sidered low compared the target of
Transformation Programme has forever on foreign workers.
2020 as a developed nation.
set 2020 target for the industry
He said the Government has
"Increasing wages is one of the
to generate 3.3 million of middle done its part by giving tax incen­ initiatives and is in the pipeline as
tives in term of capital allowances on the minimum wages, it slowly
high­income jobs.
responding. But as wages also
"It is incumbent upon the indus­ of up to 200 per cent claim.
commensurate with productivity,
try to respond to the government's
On human capital, he said, the
policies to create those jobs and students who would soon enter it need to be tackled in efficiency
manner without scarifying the
invest in the new growth areas.
the job market, as well as the cur­
"The business side needs to be
rent local workers needed also to quality of life. ­ Bernama
committed to invest in machiner­