Kuala Lumpur, 9 June 2020- Malaysia Productivity Corporation (MPC) through the Machinery and Equipment Productivity Nexus (MEPN) has urged the industries to leverage on the complimentary digital programmes and advisory service to boost productivity growth.
Director-General of MPC Datuk Abdul Latif Abu Seman said the initiatives are in line with the government’s announcement on Short Term Economic Recovery Plan (PENJANA) to propel businesses, empower people, and stimulate the economy.
He said MPC, via nine sectoral productivity nexus platform under the MPB, has taken several steps to assist the industry to rebuild businesses and accelerate the economic recovery.
“Among the notable ongoing initiatives are webinars and online training for capacity building, business virtual advisory services, and review of regulations to reduce unnecessary burdens in rebuilding businesses.
“Continuous efforts are in place to hasten and catalyse economic recovery and productivity growth, as MCO eases and business activities increases,” he said in a statement today.
Meanwhile, MEPN champion Mac Ngan Boon said MEPN holds the mandate to connect the M&E industry to authorities and relevant stakeholders in managing business barriers and addressing industry’s issues and challenges.
He said, recently, MEPN collaborates with various stakeholders to support the related companies in financial consultation, innovative business operation, and intelligent manufacturing solutions through MEPN Virtual Advisory Clinic (MEVAC).
“To date, MEVAC have received 54 applications from M&E companies, in which 22 per cent seek advisory in financial consultation, 33 per cent prioritised innovative business operation, and 45 per cent requested consultation in intelligent manufacturing solutions.
“We identified 123 issues related to financing and loans, new market and partnerships, skills and talent development, digitalisation and automation, productivity improvement, and business regulations. On the overall performance, MEVAC receives commendable feedbacks from the participating companies,” he said.