Rightways: industry

Showing posts with label industry. Show all posts

Monday, September 4, 2023

NIMP 2030 is the ‘key to the future’

PM: Reshaping of skills, jobs, wages will expand middle class

KUALA LUMPUR: High-value job opportunities are among the focuses of the newly launched New Industrial Master Plan (NIMP) 2030 as Putrajaya seeks to expand the middle class, says Prime Minister Datuk Seri Anwar Ibrahim.

He said global trends such as the rising role of IR4.0 technology, climate change and sustainability practices, demographic shifts and the globalisation of value chains are changing the nature of jobs.

ALSO READ: Govt urged to do its share

“Skills transformation is key to developing future competencies and this has been set as a focus of our industrial strategy,” he said when launching the NIMP 2030 at Menara Miti here yesterday.

Anwar said the NIMP 2030 will see the implementation of a progressive wage system that promotes skill development and career advancement.

ALSO READ: Manufacturing sector set to get a boost

“Public-private collaborations will be enhanced in the TVET (Technical and Vocational Education Training) and STEM (Science, Technology, Engineering and Mathematics) programmes, ensuring the acquisition of skills required by the industry,” he added. Anwar said the government’s Economy Madani framework and NIMP 2030 are both aligned in their focus on improving the lives of the people through projected higher returns from the national economic targets.

“This includes employment with meaningful wages and wealth-sharing to build a more equitable and prosperous society,” he said.

Anwar also said employment will see a projected growth of 2.3% from 2023, which is set to provide employment for 3.3 million people by 2030.

ALSO READ: ‘Whole of nation’ approach to drive manufacturing

“The industry’s growing employment trajectory is due to the creation of high-skilled jobs as the country advances towards higher value-added activities and via improvements in automation and technological advancements,” he added.

Most importantly, said Anwar, through interventions under NIMP 2030, the median salary for the manufacturing sector is expected to grow to reach RM4,510 from RM1,976, which is below the national average.

“This 128% increase from 2021 will be driven by the shift of the industry towards higher value-added activities and the high-skilled job opportunities being created,” he said.

Anwar also said the NIMP 2030 will create more opportunities for local small and medium enterprises (SMEs) to grow through specific action plans. He said SMEs in manufacturing currently contribute only 8% to the GDP (gross domestic product) and 9% to exports.

For a more prosperous society: Anwar (centre) launching the NIMP 2030. He is flanked by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (left) and Tengku Datuk Seri Zafrul. — Bernama

“There is a lot of potential to grow our SMEs in manufacturing, in line with our Economy Madani aspiration to strengthen firms of all sizes,” he said, adding that the plans to develop SMEs’ capacities will enable them to be positioned higher in the global value chain.

“This, in turn, will help them scale up into mid-tier companies that could help Malaysia make more foreign exchange earnings.”

Anwar also said he was made to understand that the International Trade and Industry Ministry will launch a new framework in a few weeks to build SMEs’ environmental sustainable goals (ESG) capacity.

“This is important to ensure SMEs’ continued participation in ESG-compliant multinational vendor ecosystems and continued access to ESG-sensitive export markets,” he added.

The NIMP 2030 outlines Putrajaya’s plans to transform Malaysia into a high-tech, industrialised nation.

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Thursday, August 19, 2021

Malaysia’s surging COVID-19 cases hits chip supply, firms urged to shift production to China

Disruptions in Malaysia affect Chinese companies

Malaysia breaks Covid-19 record with 22948 new… - Malay Mail

Workers are busy at a chip factory in Suqian, East China's Jiangsu Province in July 2021. Photo: cnsphoto

As surging COVID-19 cases in Malaysia disrupted the production of semiconductors and other key components, Chinese experts are suggesting that companies should move certain production lines to the Chinese mainland to ensure the smooth running of their facilities while meeting the huge demand.

` A manager of a Chinese autonomous driving firm told the Global Times on Wednesday that the new outbreak in Malaysia has already caused major disruptions to the company's chip supplies.

` "The lead time for chip supplies has been extended to as long as 20 weeks, and we have to pay a skyrocketing price for urgently needed chips," the manager said, "there is no way out. We have to wait for an explosive surge in the supply of semiconductors, and we have no idea how long it will take."

` Due to continuous supply shortages of master control chips, FAW-Volkswagen Automotive was forced to partially stop production of some Audi models starting from August 12, including the A4L, A6L and Q5L vehicles, according to a notice from the company circulating online on Wednesday.

` It said that production is projected to resume in the first quarter of 2022.

` The severity of the global chip shortage has led to a decline in the supply of new cars, driving consumers to shift to used cars. Data from the China Automobile Dealers Association showed that transactions involving used cars hit 8.43 million in China in the first half of 2021, up 52.9 percent year-on-year, approximately 27 percentage points faster than sales of new cars.

` With the fast spread of the Delta variant, Malaysia continues to grapple with a worsening COVID-19 outbreak. The country had a staggering 19,631 new cases of COVID-19 on Tuesday, local news portal the Star reported, citing its health ministry.

` With new infections still on the rise, the Malaysian government has ordered many businesses and factories to shut down, affecting production in a wide range of sectors, especially the packing and testing of chips and passive component manufacturing.

` Dozens of semiconductor companies have facilities in Malaysia, including international giants such as Intel, Infineon Technologies and STMicroelectronics.

` Malaysia accounts for 13 percent of the global sealing and testing market, and it is the world's seventh-largest semiconductor exporter, according to media reports.

` Xu Daquan, executive vice president of Bosch (China) Investment, posted on WeChat on Tuesday saying that a chip supplier's factory in Muar, Malaysia had been ordered to extend its closure till August 21, which directly affects its chip supplies such as vehicle control unit, domestic business news portal yicai.com reported.

` Xu confirmed to the media outlet that the chip company is STMicroelectronics, adding that supply will be basically cut off for the rest of August.

` CEO of XPeng Motors He Xiaopeng reposted Xu's comment, expressing anxiety over the chip shortage.

` The company declined to give details when reached by the Global Times on Wednesday.

` In addition, the production of passive components such as resistors, capacitors and inductors in Malaysia has also been disrupted.

` Amid the Malaysian government's extended lockdown orders, production at the world's two largest electrolytic capacitor makers - Japan-based Nippon Chemi-con Corp and Nichicon Corp - was halted in July again. The suspension of these production lines in March 2020 caused severe price fluctuations.

` The extension of Malaysia's restriction order has posed severe challenges for the global multi-layer ceramic capacitor market, with products such as smartphones, servers and 5G base station components expected to be affected, according to a report from TrendForce in July.

` The supply chain uncertainties in Southeast Asia, along with China's huge demand for semiconductors and other key components, may drive the packing and testing of semiconductors and passive component manufacturing to the Chinese mainland, industry analysts said.

` Ma Jihua, a veteran telecommunications industry analyst, told the Global Times on Wednesday that chip shortages may be exacerbated due to the raging pandemic overseas and chip hoarding.

` Possibly, the problem won't be solved until the first half of 2022, Ma said, suggesting that enterprises shift their chip sealing and testing production lines to the Chinese mainland.