Kuala lumpur: The Malaysia Productivity Corporation (MPC) has asserted that the 3.6 percent annual labour productivity growth target outlined in the 13th Malaysia Plan (13MP) is achievable, provided there is an integrated effort in implementation. This target aligns with Malaysia's objective to become one of the top 12 nations in the IMD World Competitiveness Index by 2030.
According to BERNAMA News Agency, the MPC emphasized that boosting labour productivity is crucial for sustainable economic growth, improving wages, and enhancing industrial resilience amid escalating global cost pressures. The organization noted that the rise in global costs, influenced by supply chain disruptions, labour shortages, and structural economic changes, necessitates a structural and systemic strategy.
MPC director-general Datuk Zahid Ismail stated that increasing productivity is essential to ensuring economic resilience, price stability, and the well-being of the populace. As an initial step towards the 13MP target, the MPC is undertaking the Industry-Based Academy Programme to close the gap between education and industry-required skills. Additionally, the development of the National Competitiveness Indicator Tracker aims to pinpoint areas for improvement in policies, regulations, and practices affecting Malaysia's position in the World Competitiveness Ranking (WCR).
This approach, implemented since last year, has already led to Malaysia's 11-position leap to 23rd in the WCR 2025 report. The MPC emphasizes that maintaining this approach will aid policymakers in responding more effectively to drive improvements that enhance national competitiveness.
Furthermore, the MPC plans to bolster collaboration with ministries, agencies, and the private sector. This includes working with the Special Taskforce to Facilitate Business (PEMUDAH) and 14 Productivity Nexus teams to ensure that every initiative meaningfully impacts labour productivity, ultimately supporting Malaysia's ambition to rank among the world's 12 most competitive nations by 2030.