CEO Forum 2014
concurren t session d
“Taking Malaysian productivity from the industrial
era to the knowledge age”
moderator
Datuk Shamsuddin Bardan |
Executive Director, Malaysian Employers Federation
“In 2010 our productivity level was at
RM60,437 per employee per year in
terms of value. By comparison, Singapore’s was RM173,000 per head. The
government has introduced the minimum wage policy and for SMEs the increase in cost is tremendous. So there
would be a 30% to 40% increase in the
cost of labour. However, productivity
improvements remain at 2%. So where
do we go from here? Unfortunately, the
minimum wage is up for a review at the
end of the year, which may cause another round of cost increases.”
panellists
Mr Stewart Forbes | Executive
Director, MICCI
“We must re-envigorate our education
and vocational training system, so that
we recreate the right quality of human capital to drive us forward. Now,
manufacturing will remain important
and bring new high value industries
to Malaysia. But we can improve our
manufacturing sector by pumping in
new technology, increasing capital,
putting in automation; all these things
can continue to increase H