Kuala lumpur: A new outcome-based financing approach by the Skills Development Fund Corporation (PTPK) is being hailed as a major reform to ensure that every government investment in Technical and Vocational Education and Training (TVET) delivers tangible benefits to trainees, industry, and the nation.

According to BERNAMA News Agency, Yayasan Mahir Malaysia president Datuk P. Sri Ganes said the initiative deserves recognition as it demands higher accountability from training providers while preventing funds from being channelled to irrelevant programmes. He emphasized that this approach aligns with the National TVET Policy 2030, which focuses on trainee outcomes, the empowerment of training institutions, and the efficient use of funds.

Sri Ganes also urged Malaysia to look to China as an example, where institutions are branded as High-Impact TVET Institutions that serve as drivers of innovation and technology. He highlighted the necessity for graduates to be not only technically skilled but also prepared for the digital and green economy, suggesting that this model could enhance global competitiveness.

He also praised the government’s commitment in allocating RM7.9 billion for the TVET sector in Budget 2026, with a specific allocation of RM650 million for PTPK-funded skills programmes in high-growth areas such as artificial intelligence (AI), electric vehicles (EV), and semiconductors. Sri Ganes commended the Ministry of Human Resources and PTPK for implementing an impact-based policy that aims to provide long-term benefits to the nation’s workforce.