chapter 6 - Malaysia Productivity Corporation ( MPC)

target to become a high-income economy by 2020.
Productivity-driven growth is what the country
requires in order to achieve the high-income status.
Achieving productivity improvements can be
attained through five interlinked catalysing factors
which would enable individuals and organisations
to thrive. The five factors are organisational
development, human capital management, the
capability to innovate, the ability to acquire and use
of technology and efficient management systems.
Enhancing business environment to be more
conducive is among the factors that can improve
productivity. Realising the need to enhance ease in
the public delivery system and facilitate business
investment, the Modern Business Licensing
(MBL) is one of the initiatives implemented and
facilitated by Special Taskforce to Facilitate Business
(PEMUDAH). The ultimate aim of the MBL initiative
is to abolish unnecessary licences and simplify
business-related procedures in the country.
Outlook for 2012
The economy is anticipated to sustain its growth
momentum in 2012 where productivity is
expected to grow by more than 4.0%. The growth
in productivity is expected to benefit from the
implementation of some of the EPPs introduced
CHAPTER 1
under the ETP where the private sector will provide
the impetus in driving economic expansion while
the Government will provide the supportive role in
improving productivity.
The productivity of the services sector is expected
to grow by 4.9% in 2012 lead by communication
and other services sub-sectors. Growth in the
communication sub-sector will be supported by
advancement in wireless technology, expansion
in High-Speed Broadband infrastructure as well
as Government initiatives to promote broadband
usage through out the country.
The manufacturing sector’s productivity is targeted
to grow moderately by 2.3% in 2012 caused by the
after effect of the Euro debt crisis and the subprime
lending experienced in the US economy. However,
the sector will also be supported by continuous
growth in the domestic-oriented industries
attributed by the recovery of transport equipment
sub-sector and expansion in the constructionrelated
cluster.
The agriculture sector is expected to register a
productivity growth of 3.7% in 2012 supported by
the food production segment. With the launching
of the National Agro-Food Policy 2011-2020 where
the objectives among others, are to increase value-
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