Malaysia Moves Forward – Aired July 2009
Selamat detang ke Malaysia! Welcome to Malaysia!
A truly exceptional nation, Malaysia is an Asian success story. With an extraordinary blend of culture and commerce, of tradition and entrepreneurship, the country has a unique buzz and vibe that has to be experienced to be believed.
Malaysia is strategically located in the heart of Southeast Asia, bordering Singapore, Thailand, Indonesia, and the Sultanate of Brunei.
The nation’s rise into one of Southeast Asia’s leading economic powers is phenomenal. Today, Malaysia models itself as an example for the world, not just for its impressive economic achievements and political stability, but also because of its success amidst regional differences in geography and ethnicity. Malaysia has fully embraced globalization while retaining a unique Asianness.
In mid-2006, the government announced a sustainable economic strategy called the Ninth Malaysia Plan. It is a comprehensive program aimed to develop and modernize the economy. As part of the ongoing Vision 2020 strategy, the recently-appointed Prime Minister, Datuk Seri Najib Razak, gave a hopeful glimpse into his administration by announcing the new thrust of his government, called One Malaysia.
Malaysia’s development can be attributed to the pioneer and architect of modern Malaysia, Tun Dr. Mahathir bin Mohamad, the nation’s fourth Prime Minister. In his 22 years in government, he introduced landmark policies that redesigned the country’s infrastructure and re-engineered the performance of the Malaysian economy. Malaysia moves forward. We ask his son, Dato’ Mokhzani Mahathir, about his father’s greatest legacy.
Even today, Tun Dr. Mahathir bin Mohamed’s imprint can be seen on the social and economic landscape of the country, and felt through the inner confidence of an energized nation leading the way into the 21st century.
TECHNOLOGY AND INNOVATION
Malaysia knows it has to move up the value chain if it is to continue its positive growth, and this demands both a focus on entrepreneurship and a serious government plan to upgrade the quality of its human capital.
At the initial stages of Malaysia’s industrial development during the 1960s and the 1970s, government policy on technology was oriented more towards encouraging foreign direct investment in high-tech industries. Malaysia today is giving more priority to industrial policy, such as the development of small and medium enterprises. Efforts to enhance the country’s science and technology have taken place, including public policies to improve the financing of innovation-related activities such as research and development.
The Malaysian Technology Development Corporation, or MTDC, is a venture capital firm that provides funding to Malaysian companies in this sector. Foreign direct investors are also of interest to the company in the effort to stimulate new business.
The government of Malaysia actively continues to manage the development and industrialization of the economy. This includes facilitating infrastructure projects through significant state investment.
The government of Malaysia’s strategic vision for the Multimedia Super Corridor, or MSC, is conceptualized in the model intelligent city of Cyberjaya, a leading-edge multimedia centre with sophisticated integrated infrastructure.
Cyberjaya is an ideal place to live, work and play. It is the symbol of the country’s advancement into the world of information technology, and is now home to 500 MSC Malaysia-status companies, comprising a mix of small and medium-sized enterprises and multinationals.
As the national awareness of information and communications technology grew, Malaysians demanded a trusted reference and specialist centre to support both the active and proactive measures in ICT security. CyberSecurity Malaysia was formed to be as a one-stop coordination centre for all national cyber security initiatives with the aim to reduce vulnerability of ICT systems and networks and nurture a culture of cyber security amongst users and critical sectors.
Malaysia’s innovative population benefits the agricultural sector as well. As one of the biggest producers and exporters of palm oil and palm oil products, Malaysia has an important role to play in fulfilling the world’s growing need for oils and fats in general. There is, however, a lot of waste by-product.
Asia Green Environmental is the developer of the Mill Integrated Waste Management Solution Composting System, and the potential of the company is considerable. Asia Green integrates current plantation practices with the field experimentation so that the solutions are practicable, economically tenable and tailored exclusively for the palm oil industry. Malaysia is going green, and is setting an example to the world of sustainable development in industry.
OIL AND GAS INDUSTRY
Malaysia’s energy sector is on an upswing as the country moves toward becoming Asia’s leading net oil and gas importer. The national oil company, Petronas, is among the most powerful oil and gas companies in the world outside of the Middle East. Capitalizing on this industry boom is Kencana Petroleum Berhad, which has leveraged on the robust pace of development in the oil and gas sector and is firmly entrenched as the preferred integrated service provider for upstream players in the industry.
Like many big companies in the country, Kencana Petroleum does not just work within Malaysia but also within the region and further afield.
To know Malaysia is to love Malaysia. Nobody knows this better than the increasing number of tourists who come to Malaysia every year. So many, in fact, that tourism is now one of the leading sectors of the economy. And there are a million reasons why. Malaysia truly offers the wonders of Asia in one exciting destination. From beaches to jungles, religious temples of worship to temples of fashion and shopping, whatever you are looking for, there is a Malaysia for you.
Kuala Lumpur is the heartbeat of the nation. A vibrant city with a charming mix of old and new, where towering skyscrapers rise next to charming colonial structures. The people, a heady multi-racial and multi-religious blend, make the concoction even more striking. It is now one of the fastest-growing capitals in Asia.
Kuala Lumpur is home to the tallest twin towers in the world, the Petronas Towers, as well as the fourth tallest tower in the world, the Menara KL.
But it is the people of Malaysia that are most unforgettable to even the most jaded visitor. Malaysians are known to be some of the friendliest people in the continent.
Malaysia’s secrets are waiting to be discovered. Whatever your experience in the country will be, you will definitely feel a real sense of being in a land that welcomes you. Malaysia beckons, as it has done for centuries. There’s never been a better time to discover anew this really exciting country.
Always moving forward, Malaysia is now poised to lead the Southeast Asia of tomorrow.