Malaysian tech and job creation — Reza Razali | Malay Mail

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OCTOBER 16 — There seems to be some unrest on the ground in regards to the Malaysian economy, and the feel-good historic election of 2018 factor is beginning to taper off as we face the reality of the day. With a weakening ringgit and a sense of uncertainty in the global economy thanks to the...

OCTOBER 16 — There seems to be some unrest on the ground in regards to the Malaysian economy, and the feel-good historic election of 2018 factor is beginning to taper off as we face the reality of the day.

With substantial student debt at the back of their mind and the realisation that the years they spent in college harnessing knowledge and technical know-how seems to be wasted, it adds fuel to their anger and disillusionment. We sometimes fool ourselves by thumping billions and billions worth of foreign direct investment as a sign of a healthy economy, yet we do not look into the details of those investments.

While an investment from a tech giant like Gojek is quite an achievement, it won't mean much unless they are opening up an R&D centre or moving their development HQ here in Malaysia. Now we may not be able to compete in heavy industries due to the economy of scales, but tech application is something that we can push and promote.

 

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