KUALA LUMPUR: Tun Dr Mahathir Mohamad launched the National Policy on Industry 4.0 known as Industry4WRD -- a four-pronged strategy to boost Malaysia’s manufacturing sector via higher productivity, contribution, innovation and more high-skilled workers.
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KUALA LUMPUR, Oct 31 (Bernama) -- Manufacturing firms can no longer reap the same yields as in previous decades if they continue to rely on capital and labour as productivity levers. Prime Minister Tun Dr Mahathir Mohamad said a readiness to adapt to the Industry 4.0 Revolution would have a bearing on economic success and Malaysia needs to quickly embrace it to propel productivity and further enhance competitiveness.

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KUALA LUMPUR, Oct 30 (Bernama) – The government is committed to empowering the cooperative movement, spearheaded by the Malaysia Co-operative Societies Commission, to enable the sector to become the third biggest contributor to the economy. Entrepreneur Development Deputy Minister Datuk Wira Dr. Mohd Hatta Ramli said with 14,000 cooperatives in the country comprising six million members and total assets of more than RM140 billion, this aspiration was not impossible to realise.

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KUALA LUMPUR, Oct 30 (Bernama) -- The Malaysian Timber Industry Board (MTIB) aims to increase the value of furniture exports by producing more high quality and value-added products, as the industry gradually shifts to own design manufacturing (ODM) and own brand manufacturing (OBM) production lines.  MTIB Director-general Datuk Dr Jalaluddin Harun said to stay globally competitive, Malaysia can no longer rely on producing more products by volume and own equipment manufacturing (OEM), which is a reproduction or copies, as this is not sustainable and of less value.

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