PETALING JAYA, June 4 — Malaysia registered a productivity growth of 3.5 per cent last year to a productivity level of RM61,708 from RM60,437 in 2013.
Based on the Productivity Report 2013/2014 launched today by International Trade and Industry Minister, Datuk Seri Mustapa Mohamed, the growth signified that the country’s labour productivity was a strong contributing factor to the gross domestic product growth of six per cent in 2014.
Speaking to reporters at the report launch, he said Malaysia was on track to achieve its goal of having a 3.7 per cent annual productivity growth rate by 2020.
“The industry productivity growth remains focused on various key economic sectors, among others construction, targeting 13.2 per cent, mining (6.2 per cent) and agriculture (3.9 per cent),” he said.
Meanwhile, Mustapa stressed that amid the current global economic environment, productivity growth coupled with innovation were the key to national prosperity.
He urged Malaysians to change their mindset to ensure that a culture of productivity is embedded in the people and in all sectors.
“A holistic nationwide productivity movement involving the government, industry and individuals will ensure the country’s long-term economic well-being.
“We need to benchmark successful experiences of other countries such as Canada, Japan and Singapore,” he said. — BERNAMA
