The Kingsley Strategic Institute organised its first Malaysian TVET Forum on 24th January 2019 to discuss issues faced by Technical and Vocational Education and Training. Experts on the subject matter and stakeholders from the industry spoke extensively of the matter and recommended ways to bring Malaysian TVET forward.
A common theme emerging throughout the forum was that TVET needs to become industry-driven. There are gaps in practicality and relevancy between what is taught within TVET institution and what is needed by employers. The main factor is due the fact that TVET trainers themselves lack the practical skills and experience from industry. To correct this, industries should partner with TVET institutions and allow classes as well as practical training to take place at their premises. This will allow practitioners from the industry with the hands-on experience to mentor and teach TVET students directly. Not only will this reduce the cost of TVET training (which industries should take the initiative to bear, as they will otherwise need to invest in retraining graduates anyway), it will also increase the employment chances of TVET students due to the direct links forged with these industry partners.
The 2019 World Chinese Business and Economic Summit
The World Chinese Business & Economic Summit (WCBES) is an annual international forum. It’s purpose is to improve business linkages and connectivity between China and the world, providing a platform for high level discussions on global and regional events in relation to China’s rise as a world leading economy.
This year the Forum is re-branded as the World Chinese Business and Economic Summit (WCBES) to refocus on the importance of business as a driver of sustainable economic growth and as builders of bridges across communities, nations and cultures. The partnership between Government, Business, Think Tanks and Scholars is a key priority for the WCBES which provides a meeting of minds for Entrepreneurs, Strategists and Government Officials.
The Forum on the New Sabah – New Challenges, New Realities and New Opportunities reviews the achievements and successes of the new State Government after one year, since the May 2018 General Elections. Sabah has entered a new era with the new State Government in place since May 2018. It has heralded a new Sabah – a new sense of direction and new hopes and aspirations for the State and People of Sabah.
After one year it will be apt and timely to review the new reality and new challenges as well as new opportunities in the State. The Forum will bring together Government, Business, Academic and Civil Society participants to discuss the key issues and trends impacting on the growth and sustainable development of Sabah.
The Forum will enable participants to feel the pulse of development in Sabah and discuss the way forward. It will address Sabah’s development from a wholistic perspective – inclusive and sustainable development, peace and prosperity, security and stability and inter-ethnic and religious harmony.
The recent announcement by Prime Minister Tun Dr Mahathir Mohamad on the new economic model based on “shared prosperity” is much welcomed and a refreshing change. This new economic model, if implemented well and with fairness and justice, will give hope to Malaysians who all aspire for a better shared future. In fact, this shared prosperity model can be the new common vision for Malaysia beyond Vision 2020.
To achieve this vision of shared prosperity, I believe the following key factors must be emphasised and given priority..
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TOWARDS A NATIONAL INCLUSIVE AND SUSTAINABLE ECONOMIC POLICY (NISEP)
The Kingsley Strategic Institute (KSI) calls on the Government and the Economic Action Council to introduce a National Inclusive and Sustainable Economic Policy (NISEP) to better prepare Malaysia to face the challenges of a VUCA World (Volatile, Uncertain, Complex and Ambiguous).
The VUCA World requires new thinking, new strategies and new policies.
We propose that the National Inclusive and Sustainable Economic Policy (NISEP) comprises five key strategic thrusts: