Malaysia’s economy continues to grow, reflected in the increase of its per capita income that shoot up rapidly since 1970, according to Tan Sri Nor Mohamed Yakcop, the Minister in the Prime Minister’s Department.
He noted that the country’s per capita income rose to over RM28,000 annually at end-2011 compared to the RM1,159 increase recorded in 1970.
"We are now talking about achieving a US$15,000 (RM45,837) per capita income by 2020, having well passed the US$9,000 mark (RM27,502)," he said, at the press conference during the signing of a memorandum of understanding (MoU) between the Selangor Human Resource Development Centre (SHRDC) and six leading companies participating in the High Income Talent-Research Scientist Engineer (HIT-RSE) programme.
Launched in November 2011, the programme between SHRDC and Talent Corporation Malaysia Berhad (TalentCorp) is one of the approved programmes under the Economic Transformation Programme (ETP) that aim to enhance undergraduates’ employability for careers in the sectors of oil and gas, electronic and electrical, and telecommunication.
Commenting further, Nor Mohamed said Malaysia’s aspiration to become a high income nation could be achieved with an equivalent growth driven by increased productivity, efficiency and innovation.
With these, he noted that training institutions like the SHRDC plays a major role in the development of a productive workforce that could uphold these aspirations.
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