Malaysia is currently facing a significant brain drain crisis,
with more than 1.86 million citizens having migrated overseas over the past five decades — a staggering 5.6% of the population. In comparison, the global average stands at only 3.6%.
Digital Minister Gobind Singh Deo disclosed this during his keynote at the launch of the 42 Penang Campus, stating that the government is now intensifying its efforts to retain and rebuild the nation’s talent pool.
He highlighted several government strategies under the Malaysia Digital Economy Blueprint (MDEB), including initiatives like the National Semiconductor Strategy, which aims to train 60,000 skilled semiconductor engineers.
Gobind also mentioned the Johor-Singapore Special Economic Zone, which is projected to generate 100,000 high-quality jobs across key sectors, with incentives such as a 15% tax rate for a decade to attract skilled workers.
He assured that Malaysia is also actively seeking foreign talent through special visa passes and reiterated the government’s commitment to creating real opportunities in areas like artificial intelligence and digital innovation.
In 2024 alone, digital investments fueled a 5.1% GDP growth, with RM163.6 billion in approved investments — a 250% increase from 2023 — creating over 48,000 jobs.
He emphasized that institutions like 42 Malaysia play a vital role in building the future of the nation’s tech industry by offering real-world, peer-to-peer learning in software development, AI, and cybersecurity.
Meanwhile, Penang Chief Minister Chow Kon Yeow reaffirmed the state’s commitment to digital transformation through projects such as Creative Digital District and Penang Silicon Design @5km+, all under the Digital Economy Master Plan 2.0.
By Tarziman — 05 May 2025, 10:54 AM
