etp_handbook_chapter_1-4_economic_model

Diaspora individuals1 broader marketing campaigns

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Unformatted text preview: Services: Collect and analyse profiles of Malaysian professional diaspora; launch targetted communications, network and match job opportunities • CCI: Provide scholarships to foreign creative content producers and hire upon graduation • Palm Oil: Target top Malaysian food scientists and technologists, fast-moving consumer goods marketing spets, industrial chemical engineers and bioengineers that live abroad • Greater KL/KV: Track and engage with top 5,000 most interesting Malaysian diaspora individuals1 Broader marketing campaigns Lead agency GNI impact (RM billion) 5 EPPs, including • Business Services: Run campaigns to market Malaysia as a destination for professional talent; develop one-stop talent portal • Financial Services: Attract global Islamic finance experts 3.1 Talent Corporation Total 7.2 10.3 Immigration Regulations Malaysia’s immigration laws have seen many positive changes in recent years, with regards to simplifying the entry of skilled foreign workers. However, the private sector – across many industries – continues to identify difficulties in bringing in foreign talent due to remaining restrictive immigration regulations. For example, there are no provisions that make it easy for high-performing foreign graduates of Malaysian universities to secure a job in Malaysia (e.g. automatic one-year visas). Malaysia risks losing these skilled workers to countries such as Singapore that have more flexible immigration policies. The Government will act to simplify immigration procedures; for example, removing restrictions on middle- and high-income expatriates to allow them to work in services sectors, as well as further shortening application times and procedures. The government will develop and implement a set of criteria for the removal of restrictions on – or automatic approval of – visas and work permits. 1 This EPP will contribute to RM118 billion in GNI by 2020. However the GNI contribution from Greater KL/KV is not included to avoid double counting as some portion of the income from the other NKEAs will be generated in the Greater KL/KV area. 102 Chapter 3 Enabling the Success of the ETP A revamp of selected immigration policies is also needed by some NKEAs to implement their EPPs. For example, for the Education NKEA to raise the number of foreign students entering Malaysia, the application process for foreign student passes needs to be accelerated and the ability for these students to work during term time to fulfil practical training requirements needs to be reviewed. Similarly for the medical tourism EPP within the Healthcare NKEA to succeed, express visa applications and extensions for health travellers and their companions need to be expedited. These will be negotiated on a case-bycase basis between the individual sector representatives, their respective NKEA lead ministries and the Ministry of Home Affairs. Table 3-5 provides an overview of the actions needed. Table 3-5 Description Enablers required from EPPs Simplify and speed up application processes 7 EPPs, including • Financial Services: Implement...
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