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Enterprise ICT industry reactions to Malaysia's Budget 2013

AvantiKumar | Oct. 1, 2012
The proposals are aimed at both strengthening the domestic economy to cope with the slower-than-expected recovery of the global economy while also sending 'a gesture of appreciation to Malaysians,' said the Malaysian PM.

Autodesk Malaysia country manager Tan Choon Sang (CS Tan) said the increased encouragement to use green technology was welcomed. "[In addition] in order to raise Malaysia's position as a competitive market, skill-sets need to be well aligned and in order for this, the industry needs to produce a quality workforce with the right skills such as those through our Autodesk Education Community."

"A talented local workforce is essential to meet the current needs of a growing economy, and the future needs of a high-income and developed nation. We continue to support the government's efforts to look at human capital development holistically, with initiatives and incentives to retain top talent and develop fresh talent that are essential for the nation to remain competitive regionally and globally," said Dell Global Business Center, Cyberjaya, managing director, Pang Yee Beng.

"[In addition], Malaysia is a strategic country for human resources for Dell, and we place huge emphasis and investment on a people-focused strategy and talent development" said Pang. "We continue to support the Government in building a pool of knowledgeable, creative and innovative workforce. To this end, we have recently launched the Dell Malaysia University [DMU] that offers industry-recognised certifications and degrees in collaboration with local and foreign universities, professional bodies and institutions of higher learning."

 Green tech and SMEs

"In the 2010 Budget, the government established the Green Technology Financing Scheme (GTFS) with a fund of RM1.5 billion [US$490 million] for three years ending 31 December 2012," said Najib. "The Fund enables companies, which are producers and users of green technology, to obtain soft loans, with the government subsidising two percent of the interest rate and providing a guarantee of 60 percent on the amount of financing."

He said about RM800 million [US$261.52 million] has been approved so far to 50 local companies. "To further boost the production and utilisation of green technology-based products, the fund for GTFS will be increased by RM2 billion [US$653 million] and the application period extended for another three years ending 31 December 2015."

"Given the rising waves of economic challenges from the increasingly globalised market worldwide, we believe the Budget 2013 will play a vital role in driving strong, sustained national productivity and economic growth," said Symantec Malaysia country director, Alex Ong, who welcomed the prime minister's initiatives to speed up the growth of the country's small and medium enterprises (SMEs).

"It is evident that the government has taken into consideration the needs of various groups in the country and ensures that each are taken care of through different initiatives and programmes," said Ong. "Examples include the grant for women entrepreneur to promote their business online, the New Entrepreneur Foundation [NEF]'s assistance in providing training and guidance programmes for the young ICT entrepreneur and the Bumiputera Financing Fund for Bumiputera SMEs."

 

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