Malaysia Introduces Free Education Policy In 2012 Budget

By STAFF Writer
December 29, 2011

MALAYSIA FREE EDUCATION POLICY - Year One students to enroll in schools next year in Malaysia without having to pay the school fees. This arrangement is made for the first time in the country. About 5.3 million primary and secondary students will be benefiting across the country through this free education policy recently announced. The students will also enjoy RM100 more as assistant in preparing themselves for the coming school session.

Malaysian Prime Minister Datuk Seri Najib Tun Razak made the announcement of free education for the first time when 2012 Budget was tabled last October in the Dewan Rakyat. The policy was lauded by all in the nation.

PM said that the Malaysian children to have access to affordable and quality education irrespective of socio-economic backgrounds of each.

Before this policy, the school fees for primary and secondary students were RM 24.50 and RM33.50 respectively. The fees included co-curriculum activities, Malaysian Schools Sports Council fees, internal test papers and insurance premium.

RM50.2 billion is allocated by 2012 Budget for the education sector along with RM1.9 billion additional for development expenditure.

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December 29, 2011 | 0 comments

SMEs To Have Major Role In Malaysian Economy: Report

By STAFF Writer
November 27, 2011

MALAYSIA ECONOMY NEWS - Economic Transformation Programme in Malaysia recognises the small and medium enterprises (SMEs) as the key driver of economic growth.

SMECorp Malaysia said today in a statement that the new role is poised to assume bringing new challenges that includes service sector liberalisation measures. It added that a new approach is required to SME development in accelerating the growth of SMEs.

Earlier research has shown that SMEs are able to stand by being innovative in stiff competition.

The statement further mentioned that SMECorp Malaysia would, under the SME Masterplan of the government, chart out policy direction through 2020 for the SMEs with the creation of conducive ecosystem for them and also by transforming the domestic SMEs into global competitor.

On November 23, at the National SME Development Council 12th meeting, the SMECorp released Small and Medium Enterprises Annual Report 2010/11. The report was released by Malaysian Prime Minister Datuk Seri Najib Tun Razak.

SME Corp said the annual report is a significant initiative aiming to provide recent assessment on the SMEs performance during the year.

The report showed growth in the SMEs performance and gains in productivity as well. The growth was higher for the seventh year that Malaysia's gross domestic product (GDP) growth with a contribution of 28.1% in 2003 to 31.9% in 2010.

Malaysian currency Ringgit

Malaysia transport infrastructure

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November 27, 2011 | 0 comments