Musk’s Starlink lands in Malaysia

New initiative aims to increase GDP, improve wage levels and quality of life

The Madani Economy framework to restructure the country’s economy is to ultimately provide the people with the benefits to enjoy a better quality of life, says the Prime Minister. Execution is very important as announcements are not new to Malaysia, say trade groups.

KUALA LUMPUR: Taking Malaysia into one of the top 30 economies in the world over the next decade is among the ambitious goals set by Putrajaya under Madani Economy, the latest economic framework.

“This is a framework to elevate the dignity and status of our nation by restructuring the economy towards making Malaysia a leader in the South-east Asian region. This ultimately benefits the people, (who would) enjoy a better quality of life,” said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who launched the Madani Economy: Empowering the Rakyat initiative here yesterday, said it was imperative for the country to not rest on its laurels with its 4% to 5% annual GDP growth rate, but instead to become a regional economic powerhouse, beginning with targeting a yearly GDP expansion rate of 5.5% to 6%.

“Malaysia needs to build larger economic integration with our neighbours, especially as the world is facing a supply chain disruption. We need to better equip Malaysian corporations for greater competitiveness and to at least breach into the Asean market,” he said in his keynote address at the Madani Economy launch.

Another important area is to improve wage levels to help everyone have a better quality of life, he added. This includes hauling the country’s Compensation of Employees to Gross Domestic Product (CE:GDP) ratio up from 35% to 45% and improving Malaysia’s standing in the Global Competitiveness Index to 12th or better, said Anwar.

The CE:GDP ratio is generally used to gauge the income-earning power of a country’s citizens and measures the share of compensation paid to employees who make up a country’s GDP.

Apart from that, the Prime Minister said that there should be sensible utilisation of free trade agreements for better movement of goods, capital, human resources and technology-sharing.

He said the government was also looking to introduce tax incentives to reward companies that produce high-impact economic products and activities.

To improve Malaysia’s global competitiveness and expand the economy, Anwar said his administration has allocated Rm100mil to complete the infrastructure at various industrial zones throughout the country. An additional Rm100mil would be allotted to enhance the research, development, commercialisation and innovation ecosystem, he added.

The focus will be on industrial needs, renewable energy and new growth activities – all part of the government’s effort to achieve a gross domestic expenditure on R&D to GDP ratio of 3.5%.

“All the efforts to enhance the country’s economy ultimately leads to the next step, which is to improve the livelihood of Malaysians. The success of the Madani Economy structural renewal has to be measured by how it produces jobs with a meaningful remuneration package for the people,” he said.

The government is also looking into several oft-mentioned initiatives such as enacting a progressive minimum wage system – which has partly been put into effect – as well as reducing the reliance on foreign labour by introducing a tiered-levy system on non-malaysian workers.

Anwar said such efforts will increase the adoption of automation and provide upskilling opportunities for Malaysian employees.

He said his administration is working with a number of government-linked investment companies (GLICS) to invest up to Rm1bil in additional funds, in partnership with private investors, to support local startups and to further spur technopreneurship.

Recognising that approximately 79% of micro, small and medium enterprises (MSMES) consist of micro businesses, he said these small-size endeavours have the potential to expand and penetrate international markets, especially if they get enough facilities and support.

As such, he said the government would prepare an addition Rm100mil in the digitalisation matching grant to help MSMES further digitalise their business models. This is in line with digital economy reforms meant to enhance the online business exposure of such enterprises.

Madani is an acronym for a policy that embraces six core values: kemampanan (Sustainability), Kesejahteraan (Prosperity), Daya Cipta (Innovation), hormat (Respect), keyakinan (Trust) and Ihsan (Compassion).

Related:

Ekonomi Madani: Setting the stage for the country's next industrial take-off...

Madani economy to drive positive change in Malaysia

RM100 ewallet credit for M'sians earning below ... - The Star

Embracing Ekonomi Madani for our future

Madani Economy is setting the right tone, say experts

Wish list for the New Industrial Master Plan 2030

RM100 e-Cash credit for M'sians aged 21 earning RM100,000 ...

;

Related posts:

Prime Minister Anwar Ibrahim's Malaysia Madani similar to Islam Hadhari

Madani - a humane concept

Six simple steps to defend your data from ransomware

Ransomware blackmails Internet users by encrypting the files on their computer or mobile device and demanding payment, generally in the virtual currency bitcoin, to unlock them. — dpa

Recent ransomware attacks have rattled internet users around the world. This malicious software blackmails users by encrypting the files on their computer or mobile device and demanding payment, generally in the virtual currency bitcoin, to unlock them. But these six simple security measures can significantly reduce the risk of a computer being hit by an attack.

1. Regular updates: Software updates for browsers and operating systems don't just add new functions – they also install security patches to protect computers against the latest malicious software.

The German Federal Office for Information Security (BSI) recommends enabling automatic updates on a device and advises against the use of older operating systems such as Windows XP, for which Microsoft has stopped providing regular security updates.

Microsoft will also discontinue updates for the operating system's successor, Windows Vista, this summer – all the more reason to replace it with a newer version.

2. Be vigilant: Don't trust anyone, says nomoreransom.org, a website run by IT security companies and European law enforcement. Never open email attachments from suspicious accounts, don't click on questionable links and don't download unverified software.

Even emails from friends and co-workers should not necessarily be trusted. Before opening an attachment or clicking on a link, always take time to consider whether the sender's online account could have been hacked or their computer software infiltrated by malicious software.

3. Antivirus software: Enable all the security applications in your operating system, advises the BSI. Reliable antivirus software can provide further protection, but must be kept up-to-date.

4. Back up data: Creating digital duplicates of your files can protect your personal information from disappearing forever. In the event of an attack, you can just transfer over your back-up files.

Windows (Backup and Restore) and MacOS (Time Machine) have in-built applications for backing up your data, but they might not be accessible in the event of an attack. A more secure option would be to save your files in an external device, such as a hard disk drive, solid-state drive, DVD, or in the cloud.

To reduce the risk of spreading viruses, only connect the external drive to a device during file transfers. As an extra precaution, save your data in two separate external hard drives.

5. Fight back: If you happen to accidentally install malicious software or receive suspicious messages, immediately disconnect your device from the internet, instructs  nomoreransom.org. to be decrypted. This will prevent the infection from spreading.

You can then run a clean installation of your computer software, and transfer over your back-up files. For some types of ransomware, there are techniques to unlock the content on your computer.

The latest malware outbreak "Petya" can be stopped by creating the read-only filetype "C:\Windows\perfc.dat," which prevents it from scrambling your files. An initial report on the antidote published on the site bleepingcomputer.com has since been confirm by several IT security companies.

6. Never pay: A blackmailer's demands should never be met, says the State Office of Criminal Investigation (LKA) of Lower Saxony. There are several reasons for this, the LKA reports. First, even if you pay the ransom, there is no guarantee that you will regain access to your files.

Second, by paying the attacker, you are supporting the growth of a criminal industry. Every payment finances new attacks. In the case of the recent Petya outbreak, the payment system is useless, because only one email address was provided, which has since been shut down by the provider. — dpa

Related Links

Six simple steps to protect your data from ransomware

Six simple methods to save your information from ransomware http://www.techagentmedia.com/six-simple-methods-save-information-ransomware/ via @techagentmedia


Related posts:

WannaCry ransomeware attacks, how to prevent it? 

Malware, ransomware attacks are a growing threat to computer and mobile phone!  

Malware, ransomware attacks are a growing threat to computer and mobile phone!

The game-changing trends: social media, cloud, big data in information technology

Information technology players believe Malaysia is beginning to tap into the potential of the Internet of things.

KUALA LUMPUR: Social media, the cloud and big data will be the game-changing trends that will transform Malaysia’s information and communications technology (ICT) industry and spur further growth of the Internet of Things (IoT) next year, says industry players.

National ICT Association of Malaysia (Pikom) chairman Cheah Kok Hoong said Malaysia had started to tap into the rapidly growing potential of IoT, which could be a new economy by itself covering business areas such as embedded device manufacturing, connectivity infrastructure and application deployments.

He said the trend would provide a new opportunity to position the country as the hub for regional IoT innovation projects in South-East Asia.

However, companies would be increasingly challenged by new factors on the back of business agility that came with mobility, security, analytics, and miniaturisation of devices and millennial generation aspirations, he told Bernama.

“Adoption of cloud solutions will also move from conceptual to the practical stage.

“As predicted by International Data Corp’s global market intelligence, Malaysia’s big data market is anticipated to hit not less than RM75mil but many businesses have yet to consider big data as a big business for their organisation and it thus remains at a tactical level,” he added.

IT spending registered significant growth as reflected in the growth of value-added services, which are expected to grow about 13.6% in 2014 to RM68bil from RM59.8bil in 2013.

Cheah said the overall ICT services sector was also projected to grow at 12.7% in 2015 to RM77.7bil.

Meanwhile, CA Technologies South Asia vice-president Chua I. Pin said the country was entering an era where IT had become the central source of revenue for businesses.

He said 2015 would see a shift in the way businesses structured themselves, looking for new engagement and revenue opportunities using connected devices, big data and analytics, and underpinning these new models would be a fundamental shift in the way software is developed and deployed.

“Software will continue to become the primary way that consumers interact with businesses, which would evolve dramatically in 2015 as businesses become more competitive to reach out to their clients, and we will see apps shifting from simply helping people make decisions to being able to predict what people need,” he said.

Cheah added that with the need for more sophistication in the ICT industry, human capital remained the main challenge in the industry towards achieving high-income nation status.

There is a persistent and widening gap of remuneration packages for ICT professionals between Malaysia and neighbouring countries such as Vietnam and Thailand, coupled with the declining number of ICT graduates, he said.

He said although the new trends such as big data and social media had created many new job functions in high demand, the nation still faced a lack of skilled talent in the market. — Bernama

Related posts:

2015 Hack of a year ahead!

2014 has seen a tsunami of epic hacks and identity thefts, including the recent massive cyber attack on Sony Pictures Entertainment. Sec..

Technologies: Malaysian Internet users ...technology trends, evolution and change in telco industry

Malaysian Internet users, technology trends, evolution and change in telco industry. MAXIS: Data takes dominance. Net effect: According to Lundal, productivity for the future depends on the degree of Internet adoption.

Five tech-powered changes in next five years, IBM predicted

Technology stalwart IBM on Tuesday predicted classrooms getting to know students and doctors using DNA to customize care are among five big changes on the horizon.

IBM said that its annual forecast of five ways technology will change lives in the coming five years was "driven by a new era of cognitive systems where machines will learn, reason and engage with us in a more natural and personalized way."

And while software evolves to "think" in ways similar to the human brain, computing power and troves of data kept handy in the Internet "cloud" will enable machines to power innovations in classrooms, local shops, doctors' offices, city streets and elsewhere, according to the firm behind the Watson computer that triumphed on US television game show Jeopardy.

"Over time these computers will get smarter and more customized through interactions with data, devices and people, helping us take on what may have been seen as unsolvable problems by using all the information that surrounds us and bringing the right insight or suggestion to our fingertips right when it's most needed," IBM contended.

Predictions for the coming five years included "classrooms of the future" equipped with systems that track and analyze each student's progress to tailor curriculum and help teachers target learning techniques.

"Basically, the classroom learns you," IBM vice president of innovation Bernie Meyerson told AFP. "It is surprisingly straight-forward to do."

In another prediction, IBM sees retail shops large or small blending online and real-world storefronts with 'Watson-like' technologies and augmented reality.

Also, doctors will tailor treatments using patient DNA, according to Meyerson.

"Knowing your genetic make-up lets you sort through a huge variety of treatment options and determine the best course to follow," he said.

"They don't have to carpet bomb your body to treat cancer," Meyerson continued. "There is the ability to tailor the attack to improve the efficacy against cancer cells while leaving healthy cells untouched."

Smart machines tapping into the Internet cloud will also be able to serve as "digital guardians" protecting people from hackers by recognizing unusual online behavior, such as shopping binges at dubious websites, and spying scam email messages or booby-trapped links.

"The digital guardian will know you are not someone who goes to a poker site and tops off your account," Meyerson said. "Not only does it shut down the behavior, but it tracks it back to who is doing it and passes the information on to authorities."

The final prediction was that cities will weave social networks, smartphones, sensors, and machine learning to better manage services and build relationships with citizens.

"The city will help you live in it," Meyerson said. "There is a new generation of leaders coming in who are extremely tech savvy and making good use of it."

Sources: AFP-Times