ASEAN KEY DESTINATIONS
Malaysia Invests in R&D
Minister of Science, Technology and Innovation Datuk Seri Dr. Maximus Ongkili said the government will invest more in the R&D sector and knowledge creation along with basic infrastructure, including at state level.
Early this year, the ministry proposed an increase in the R&D allocation to 1 percent of the country's gross domestic product (GDP).
Currently, the R&D expenditure accounts for 0.7 percent of the GDP.
Themed "Harnessing the Innovative Digital Economy", MMS 2010 incorporates a series of conferences and innovation-led showcases of the services and solutions developed under MSC Malaysia.
In his speech earlier, Ongkili said that under the 10th Malaysia Plan, the information and communications technology (ICT) sector is projected to contribute 10.2 per cent to the economy in 2015.
"With this projection, we expect that 2 to 3 percent (contribution) will come from MSC Malaysia-status companies," he said.
Ongkili said the ICT sector was recognised as an important enabler in the country's move towards productivity-led growth and to further enhance its global competitiveness.
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