Human capital must be safeguarded

by | Oct 31, 2023 | Business, HUMAN RESOURCES, NATIONAL, NEWS | 0 comments

Yang diPertuan Agong Al Sultan Abdullah Ri’ayatuddin Al Mustafa Billal Shah stated at the opening ceremony of the National Human Capital Conference and Exhibition (NHCCE) 2023 that Malaysian human capital must be safeguarded.

His Majesty opined that this is because the local workforce helps Malaysia to persevere during periods of economic turmoil and uncertainty and also aids the country to progress during times of economic prosperity.

Sultan Abdullah stated that Malaysia is finally enjoying economic stability that is backed by a growing labour participation rate of 70.1 percent since the middle of this year following two challenging years due to the Covid 19 pandemic.

The King stated that it is imperative for the government and industry players to work together to expand learning and development opportunities for Malaysians and to make lifelong learning and continuous personal development a priority.

His Majesty stated the nation must continue investing in the local talent and workforce and efforts by the Human Resources Ministry and the Human Resources Development Corporation are crucial to achieving success.

His Majesty noted that the ministry had introduced various initiatives to provide upskilling, job placement and income generation opportunities to those in need such as single mothers, former prisoners, senior citizens and people with disabilities.