Kuala lumpur: Malaysia’s focus on science, technology, engineering, and mathematics (STEM) education combined with the use of artificial intelligence (AI) in applied learning across sectors is essential for transitioning to a high value-added economy, economists stated today.
According to BERNAMA News Agency, the strategy emphasizing STEM and AI is crucial, especially since interest in STEM disciplines is declining while Malaysia lags in AI development despite claims to the contrary. Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid highlighted the importance of reigniting student interest in STEM to catalyze high value-added economic activities and meet the 13th Malaysia Plan (13MP) objectives.
Dr. Mohd Afzanizam noted the challenges in reviving interest among students in STEM, which is necessary for achieving aspirations involving high-tech and growth-driven areas reliant on technological and mathematical foundations. He shared these insights during Bernama TV’s ‘The Nation’ program focused on ‘RMK13: Charting Malaysia’s Economic Future,’ hosted by Jessy Chahal.
EPS Consultants director and chief commercial officer Matthew Barsing pointed out that the 13MP recognizes Malaysia’s lag in AI readiness. It emphasizes bridging the skills gap through practical education and upskilling. Barsing stressed the need to move beyond theoretical AI exposure and focus on applied learning across sectors. He mentioned his involvement in the AI Talent Working Group under the National AI Office (NAIO), which has been developing a framework for AI adoption across various sectors, including government and small and medium enterprises (SMEs), over the past four months.
Prime Minister Datuk Seri Anwar Ibrahim, during the 13MP tabling in Parliament, underscored the importance of adopting local technological innovations to drive economic growth. This includes developing strategic digital assets like AI, data analytics, and government digital systems, alongside strengthening research, development, commercialization, and innovation (RDCI) activities under the “Made by Malaysia” approach.