maybe, Malaysia should expand its market further and have better designers in industries and gradually reduce their reliance on foreign exchanges. Look at Proton Waja, it was a hit at its time!
You know why? Because even myself as a Muslim in our beloved country the politican here make their cronies and families rich first, leave us common people with very low wage below market rate just enough to sustain ourselves. Malaysia has been blessed with abundant amount of natural resources but it doesn't seem to directly benefit us outside of the oil and gas industry, only certain group of people. Also, some politican and certain party which shall not be name absolutely riding on race and religion issues to influence people minds which will cripple any effort make this country an technology powerhouse.
Like many other corrupted countries... Your leaders pretend helping your races and religions to get your votes. In order to continue getting your votes, they need to make you forever poor, incompetent and crazy like Afghanistan extremists/terrorists... Thus, you and your parents, as well as your children are incompetent and irrational so you need to appoint your leaders. Your leaders got the right and power to represent you and your parents and your children... Thus, your best leaders can continue being rich while pretending to help you becoming rich. You will be incompetent and you will love your leaders; Your leaders will love you and your votes because you are incompetent. ...Like many other corrupted countries.
Same here in the Philippines, but poorer (we're not even a upper middle-income country like Malaysia), and have no/lesser oil. As a Catholic, our politicians are really a problem, they want short and quick publicity, because some of these ordinary people also impatient, they are complicit to it; there are few people who deserve, but they can't win, because the majority of our population keep voting for corrupt politicians! When can we get away from this trap? We're also recycling politicians too and to their offspring! Can I ask a question: is fanaticism to politicians also a thing in Malaysia? I mean the brainless yes-men?
do you think factory operator are way to become high income nation.? stupido. thousand of local engineer working in high level tech factory around malaysia.
Let's just say a certain policy make it so that a certain group of people will need to work properly and rely on minority to keep whatever industry we still have functioning.
1. Cost effective (hire foreign) 2. Huge demand from local for very minimal returns(work efficiency). Believe me, some if not most request for high demand but their work is like bare minimum. These create “another” reason why employer prefer foreign workers. Because of leverage.
Can you imagine top students can be denied into their preferred course just because of their race ? It happens in Malaysia every year..a country that doesn't appreciate intelligent people will not go far ..
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza? Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity/DEI, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
In Thailand....Malays are marginalised. What say you? In the Philipines....what about Sulu people? So don't judge only Malaysia when most countries practise that kind s#!t
Honest opinion here, it's tough for a Muslim majority country to become prosperous without highly valuable oil resources that don't require their people to work too hard for incredible margins. 4/13 states are highly slanted towards Islam and Muslims are required to pray 5 times a day. Add in tea breaks and lunch, how much time is left spent working? Moreover their Bumi policy favors the Malays outrageously, doesn't spur the more money hungry minorities to work harder since they have limited quotas and are unlikely to be valued even if they get fantastic results. The minorities have continuously moved south to the more meritocratic Singapore. Hell, Singapore has even Malaysian born minister. I love Malaysia, but we have to face reality. The insular culture and religion is limiting.
@@noorulhasan4904 Based on Jabatan Kemajuan Islam Malaysia. Today's Prayer times -> Fajr 5.54am Duhur 1.05pm Asr 4.29pm Maghrib 7.04pm Isha 8.18pm. So at least 2 prayers for 9-5 people. If you want to go value added manufacturing its 24/7 12 hr shifts. Do the math how much time lost when 60% of your 1000 employees are Muslims. And don't tell me no one will use prayer as an excuse for malingering. Investors count every single thing because they invest billions for their high tech plants. Do you expect the rest of the 40% non muslims to cover the Muslims' tasks? I haven't even gone into the Friday prayers yet.
Hello neighbor here We have mostly 7-5 for average working hour Office hour depends mostly 8-4 Even more working hour than any non Muslim or even the atheist country. There's some industry like pharmacy you can't even halt production for Friday prayer. as Islamic countries simple solution, move the weekend from sunday to Friday
With NEP a racist policy. No foreign investment will follow. Beside the education system has fallen behind and graduates are lowly educated and unemployable. There are more Islamic religious graduates than economic oriented graduates.
if you think, mostly chinese companies success due to meritocracy.. think twice.. fahmi fadzil agreed that YTL (owned by Vincent Tan) is underperformed in Jendela initiatives... yet, umobile (also owned by Vincent Tan) got 5G contract because of what? dont say due to meritocracy...
@@xxxcool2565 Petronas. I dont why you think protectionism is more harmful than corruption. fashion valet is one example of crony capitalism that bounded to fail
So true... this country is only good at championing racial and religion issues. In the parliament, the R&D or economy discussion is so pathetically low, but types of racial & religion issues raised and discussed in parliament have been really amazing... Industrial powerhouse???? hahaha...
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza? Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
Malaysian here. Racial centric policies which supported a certain race… and giving more benefits to students of those race. Kept our beautiful country in the stone age. Blessed with abundant resources, no natural disasters.. haih. Wasted opportunity
I think this is similar to the tariffs, when you are helping a certain group of ppl too much, sometimes you’re pushing them for worse at the same time because they don’t have desire to hustle
According to the world corruption Index Malaysia is listed as the most corrupt country for doing business. The people who are citizens are not all treated with equality and fairness. There is no incentive for them to study or work hard. Politicians got ample opportunities to become rich( during the era of Umno) but the ordinary people continue to struggle to esrn their living and remain poor due to discrimination. The national education policy does not encourage bilingual education in Malayu and English which is why less and less science and high tech graduates are produced which is why Malaysia failed to become a heavy industry nation.
you are wrong.. if we truly wanna be science country like germany, japan, korea, russia and china.. then we should focus on STEM in our native language like the above countries... if we wanna be business/financial hub, then english becomes our priority like HK and SG
@@perfectIntrovert yeah, like he is over exaggerating it, there's no way any country in SEA is levelled worse than North Korea in ranking of corruption
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza? Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
It's the decades of pre-occupation with race, religion, social engineering, discrimination, apartheid, discarding English language, lowering education standards, blocking non Malays from accessing university places.
and waving Republic of China national flags proudly instead of the country flag where giving their forefather citizenship, and thinking they are superior than the rest? Look at yourself on mirror.
@@Brisamars-q1c Already 2 million migrated out of the country and more are planning to move out. I guess this is the solution to the never ending racial issues in the country.
@@Abcd1234-q4v Completely understandable. When you look at all the global rankings and Pisa ratings the country is such a low achiever. When a young person returns as a graduate from an expensive overseas university, where he or she has been denied entry locally, at best a 600 USD salary is on the table. I read that their prime ministers and politicians have a habit of stealing large sums of money while waving their party flags and traditional daggers, leaving the third world education in the rut. If not for international schools, the country would be dead.
@@Abcd1234-q4v This figure is shocking but understandable. Whilst waving party flags and the country’s flag, the country is robbed blind of development funds. If not for some hardworking people and the international schools, this country is at par with the poorest states in Africa. Just look at World Bank and UN figures.
if you think, mostly chinese companies success due to meritocracy.. think twice.. fahmi fadzil agreed that YTL (owned by Vincent Tan) is underperformed in Jendela initiatives... yet, umobile (also owned by Vincent Tan) got 5G contract because of what? dont say due to meritocracy...
@@wmazim910@wmazim910 u r right, but also forget its one side of the story. As a local contractor, there are many contracts which are only eligible for bumi companies eventhough non bumi companies are qualified. Most government linked projects or initiatives are awarded to bumi companies or otherwise must have directors and shareholders who are bumis. We deal with this everyday, out of 10 projects, perhaps only 1 or 2 will be awarded to non bumi companies.
He was not elected as PM. He was elected as a Member of Parliament and the newly formed government can't come up with better candidate, so they chose him to be the interim PM until Anwar Ibrahim takes over but was betrayed by him thinking he can get rid of the rid the partners in his government to let him run the show the way he liked, little knowing he would be betrayed by his good ' friend' who took over his post as Prime minister 😂😂'
The MY Government has been saddled and tightly strapped onto the merry-go-round of racial and religious politics for more than 50 years and counting. An entrenched preoccupation that saps the energy, vitality, and focus of those that could have made significant contributions toward industrializing the country.
I bet you are wrong. if we can reduce corruption, any race can success. these three countries practice protectionism and they succeeded, japan, korea, and china...
@@wmazim910if you announce to anyone that he has cancer, the first reaction is denial. Patient rejects therapy until cancer has become so advance. NEP is this cancer that many Malaysians fail to recognize as cause of its economic failure when it could become a great South East Asian industrial power house.
Yes, only one race that hold economy not their malay or indian but chinese. It is the same situation as indonesia, but japan is the richest person still japenese😅.
It might have been following Argentina's footsteps, that failed to become a developed country despite its resources, simply because it didn't focus on science and technology
Those countries are running out of steam fast. Abysmal birth rate and pay for young people who want to start a family. 4B movement in Korea where women would rather go extinct than settling down with men.
The growth of Malaysia in terms of GDP is nothing to talk about as it is just at the 50% percentile average of the world. All the growth mentioned is simply low tech labour intensive and repackaged for export. These 3 items called Middle Income Trap is part the reason. To move up the value chain we need talent which Malaysia is lacking. Malaysia's population has only 35% of its population with a ter tiary education. So how can the population create wealth for the nation. You want to compare Malaysia against Japan and South Korea go and do your god damned research and you will know that these 2 countries have the most graduates with tertiary education. Just to elucidate you compare how much these 2 countries spend in education their population against their GDP. I rest my case. Furthermore during the Asian Financial Crisis Malaysia instituted Currency control and the effects of this policy is still showing. To make my point just look at the FDI Levels. Enough said.
Malaysia is definitely well above 50% percentile. You realise Mainland China is close to the 70th percentile (more than double the world's population live in countries poorer than China than richer than China), and Malaysia is richer than Mainland China. Malaysia's economic growth is also very high for its economic level. It isn't in a "middle income" trap because it has already exceeded it. Middle income trap countries would be Latin America.
Please read my caption carefully. Malaysia's per capita compared to the world is at 50%. Lets look at the amount after deducting the daily necessities what is left over for exoendible income? Zero. Do you even know what is Middle Income Trap? ....
Actually, people keep on saying this but actually the problem is the government doesnt support local firm and give too much preferential treatment for international firms for quick growth in economy but it is not sustainable
Let me share something wgich is very close to my heart. 1. All the latest R & D worldwide is written in English. 2. This leaves most Malaysian Graduates unable to cope with the latest research available because of the language barrier 3. Converting R & D into Malay is a joke. I do not want to go into detail but let me point out that in Msia we have 25 VCs in our colleges and all of these 25 VCs have no real life experience in Business, scaling etc 4. Our academics are sotting on their arses and NOT reaching out to the private sector for potential Incubator projects. 5. Our govt budget support for R & D is pittance if they really want to go far. I can go deeper but I will stop here
@@josephchan1893i agree with point number 5. our government just want faster result and not risky venture. i have some friend as prof in prestigious university in malaysia that actively involve with engineering firm so that not so bad dude. this video mention failed and it so not true. we are still progressing and it is not yet concluded. never be. we have some company that venture overseas and build something outside. open up your eyes
Day dream of becoming an industry powerhouse is vastly different from actually can become one in harsh reality. Comparing to Japan and S. Korea, all that Malaysia government has achieved is 'talk' and more 'talk' but constantly fail to meet all requirements necessary to be one since independence.
@@NoovGuyMC It's true though about the situation, to accept or to reject is up to you. In other nations case, Malaysia would have been Yugoslavied already if you understand what it means
9 Islamic University in Malaysia producing thousand upon thousand of invalid people into the market with NO PROSPECT of employment. The hottest topic Malaysia today is they can't understand simple signage, No Pork No Lard, No entry, One Way Street, No Step, Danger, Fire Hazard, Argon Discharge. They even found it necessary to DEBATE the signage.....
Cannot even said God use by them😅 Cannot shake hand with non believer's, Cannot wish new year greetings to other faith, and even busy body about you wear or drink, and also very troublesome for the Chinese new year expecially in the year of dog and pig for these extreme religion people, hope our new government will take action against racist and religion extremists politicians
9 Islamic University? I can only recall one. What’s the other 8? Most of my friends who graduated from IIUM have become professionals and well respected in terms of status and career path. I notice your bias opinion towards Islam & Muslim in general. Pls read more and be more knowledgeable before commenting so you don’t sound like a jackass.
I've done financial work between KL and PH. Your analysis and summation is accurate. Both KL and MNL dreamed Next Tiger status but realized they had unique structural handicaps that made it fultile.
@@leealex24 you are quite possibly the funniest clown in the entire comment section - Singapore is already at USD $156,000 (median) and you are trying to tell people about "on the verge". If you don't make sense, don't try to impose useless information that does not help your side of the argument.
@@worldview2888 Who cares about sg? This is Malaysia on its own high income trajectory within the ASEAN region. Furthermore, sg is a tiny island and 1/500 the size of Malaysia. When people talk about China or US, it has nothing to do with other smaller states like Switzerland. It's entirely independent, you are the clown.
The story of Malayasia's auto industry is the same for Australia (domestic protectionism over export), except Australia began the process of making cars 3 decades earlier than Malaysia. Most of Australia's car manufacturing industry no longer exists. Malayasia auto industry might go the same way soon. Really, governments and businesses can be amazingly stupid on economics.
Apartheid system, keep only mediocre and complacent majority native Malay in government sector, leeching from minorities hardworking to keep majority happy, racial based political policies since few decades ago😊
Dude for sure u people doesn't want work in public sector so stop annoying complain if u cannot contribute to a country .. people like u a first to run if anything happen that is a fact 😂
Biggest taxpayers is the majority, which is the Malay. Chinese only pay lhdn, Muslims have to pay for lhdn, zakat too. Pretending to be the biggest contributor is a joke😅😂
@@chanellover4491 Many government employees are leftovers who couldn't find higher paying or better jobs in the private sector. That's why the government sector is among the most bloated in the world.
Well that is how corruption works. Im a malaysian and live in sabah. Here in sabah its worse. You can only see the state gov effort when election is on the horizon😂😂😂. After the election??? The state gov will close its shop and will only open to public after 5 years (election time again)
This is a great video and really well put together. That said, I feel like the comparison with Japan and South Korea might not be entirely fair. Those countries industrialized under very different circumstances, like post-war recovery and Cold War support from the U.S. Malaysia, on the other hand, has always relied heavily on its natural resource wealth, like palm oil and petroleum, which understandably shifted the focus away from broader industrial development. It’s also worth recognizing some of Malaysia’s successes that weren’t highlighted, such as its significant role in electronics manufacturing, becoming a major exporter of semiconductors and electrical products. Overall, the analysis is well-directed, but some oversimplifications might unintentionally suggest weaknesses in Malaysia’s leadership, especially when compared globally.
The curse of mixing politic and religion; when religious bigotry and racist priority is put foremost ahead of genuine progress and development. Something is wrong
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza? Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
Government wanted easy money from foreign companies unlike local companies they have to fund & nothing much to gain in short term. Besides the government don't have good strong advisers to guide the government rather the strong arm tactic of the politicians. Government don't have money to trains many outdated workers into new type of talented workers or enterpreneurs. We are being trained as employees rather than updated or upgraded talents tech specialists or enterpreneurs. Good talents staff or companies migrate to oversea companies . Brain drains besides not strong supports in financial or markets.
Malaysia can never beat Korea, Japan , China & now Thailand, Vietnam . We may lose to Bangladesh & even Africa nations. We are depending on on oil like palm oil & petroleum. Our palm oil will lose to Indonesia soon. EV will kill our Petrol revenue soon. What is left ? . Tax more on its poor citizens & searching for rare earth or gold mine ?. There are nothing much for Malaysia to offer than Tourism & depending of foreign investment which are now facing critical competition.
Dr Mahathir Mohamad and his children, Mokhzani, Marina, Mirzan and Mukhriz purportedly own 488 companies. The only way Mahathir and sons can convince Malaysians they are not crooks and that they did not steal their wealth and that their money did not come from Bank Negara is for them to open their books for all and sundry to see where their money came from. Mahathir and sons must show the source of their money and prove that the source is not illegal. Until then Malaysians have to assume that Mahathir and sons stole their wealth and that much of their money came from Bank Negara.
They have hundreds of thousands of religion scholars which is more than enough to build their development , during mathatir watch tens of thousands of students was sent to middle east education,
Protection facts are not major reason as if you visit Korea or Japan, you will see 90% cars on the road are their national brands. Japan and Korea are very protectionism states, very few international brand cars allowed in their market.
Some parts of Malaysia has big muslim community that caused alot of problem with industry, such as 4 praying times and regulations in industries considered haram. these discourages Industries especially higher technology to invest in Malaysia especially in regions with substantial muslim population
Big muslim state have their week ends on Friday & Saturday. Meaning that they have friday prayer in their weekends.While daily prayer only between 1pm to 4.30pm . Muslim staff can pray during lunch time. BTW Muslim pray 5 times daily & only one time is during office hour & can perform it during lunch time.
if you think, mostly chinese companies success due to meritocracy.. think twice.. fahmi fadzil agreed that YTL (owned by Vincent Tan) is underperformed in Jendela initiatives... yet, umobile (also owned by Vincent Tan) got 5G contract because of what? dont say due to meritocracy...
people is the problem, with only 30% of the population is endowed with competitive culture, willing to work hard and advance in life, no way this country can match the progress of East Asian countries namely Japan, Korea, China,Taiwan and Singapore....
Not true, it's based on states/regions. Just like any country even the US, there are always key economic hubs/regions. In Malaysia case, it's Klang Valley, Johor, Penang and Sarawak. Nothing wrong, and normal. Do you think US states like Alabama, or Arizona are great? Wake up
Bad policies based on race and not meritocracy are the main reason the country will not become truly wealthy like Singapore or East Asian countries. Also, the local type M are bent on protecting their interests first and prefer to study religion rather than thinking big, giving the job to the most qualified, and studying science and technology.
The Malaysian government should also have a hard look at the current education system - this system needs a total revamp. For a country to be an industrial power, it must have a large pool of trained talents.
They couldve been way more developed and a top industrial powerhouse if it werent for their laughable racial and religion based politics against non malays and other natives to the point the ones that suffered were the native malays and the natives instead despite prioritizing them as a majority
True but it did by selling its assets and internal borrowing. For example 49% of its national car company, Proton, was sold to a Chinese company Geely. As of 2024 the national debt is about 64% of its GDP. Most of it is from internal sources, in other words by printing more money and is a controlled currency. As such it is not very internationally tradable. Joining BRICS is one solution.
It's about government distribution of wealth and priorities and government's role to support industrialization. Because of not able to spur investment in factories both local and foreign, many locals have not sufficient jobs supply and government needs to recruit them in GLC and public sectors. The minorities percentage is getting lower which contribute substantially to government income tax collection. Moreover, the majority Malay wants more benefits and perks to allocate to the elite Malay politicians. Leakages and inefficiency are serious problem with Malaysia budget allocation, spending on unnecessary projects to enrich the elite group whose has connection with politicians.
i dont think malaysia can do much...the history has shown that malaysia don't have the strength to become a industrial powehouse..the government has done a lot to foster and grow local industries, but the people don't have the eagerness to develop strong local industries compared to South Korea..so, i believe that not all countries can be successful in this area..maybe, malaysia has to venture into other industries such as agriculture and services
Malaydesh's purchasing power is decreasing, life pressure is getting higher, productivity is weakening, debts are piling up, too many subsidies and corruption, feel like a rich country but actually still poor.., Now life is difficult, many people are stressed... lazy M people rely on foreigners only to drive their economy growth.. that's why never achive average of Asean economic growth.. as if Malaydesh is a developed country, but lives prosperous from debt..., , pushing hard inflation & pushing hard interest rate but using debt.. everyone can also look rich with debt.., at the end Malaydesh's people will take all this debt and high tax.., try make it balance , what a shame Malaydesh
According to some literature, the car infant industries protection can become competitive in seven or eight years. However, after more than 40 years the baby still refuse to grow up and it became the bane of the people who struggle to meet their daily needs. That's why we failed to become an industrial powerhouse.
Good video, when you boil it all down, it’s all down to Malaysia’s failure to innovate that is behind its failure to compete like South Korea. The reasons are plentiful, from cultural, religious, political and social.
We got sidetracked by greed, avarice on the part of our politicians, lack of foresight, and we forgot we had people in the country who had every right to equal opportunity while others were given more opportunities than they deserved. And it took ordinary Malaysians to be brave enough that we needed to fight back for our rights and for our country. We hadn’t moved as one country for a long time.
Important question for all students all over the world🌏 who are about to enter university as undergraduates. How do human👥 civilizations evolve from Middle Dark Ages to Industrial🏭 Age and then onto Modern 20th and 21st century? Answering this question completely will help you to realize😃 the critical and crucial connection between a PhD📜 (in STEM 🧬📡field) and industry🏭. "From where does the industry🏭 comes from?" Try answering it completely and verbally and on the spot under 10 seconds⏳.
@psychedsage4990 How is that correct? Look up the Malaysia's billionaire list. How delusional. Hahaha. Look at China, Korea or even Japan. See how they actually become a developed country.
I believe the govt is giving priority to balanced growth among (all) communities than to let growth driven by tech/industries to grow a or certain communities only.
Well since 2010, we ve seen a decline in manufacturing sector, not just in malaysia but even in developed asian countries such as japan and korea. This is due to US-China trade policies and the rise of 4th industrial revolution. Replacing from manifacturing to profesional service oriented businesses is a smart move as it involves less imported raw materials and low tier work force, and focusing on higher tier and more profesional work force.
correct. this video seem stupid because mentioning about low level factory which we are not interested anymore. let other low level cost country like vietnam or indon or pinot do that. we need high impact dan high tech industry to break the mid income nation
Like what the World Bank commented recently, Msia she’d focus on producing high value and premium products esp. for export. Not keep producing low value and easily duplicated products. Definitely ont just doing low skilled assembly work like in the electronics industry. Proton couldn’t.manufactured a complete carindependently even after 30 years in the industry.
what???😂😂😂proton did manufactured car independently before you learn how to pee in the toilet. what stupido. anyway we did have high tech factory. just finish your school first before commenting here
@@fendi2785have they ever innovate before, let's just say they don't take designs from other countries instead of being creative and innovative. Failed so many times for a reason ya know
Willingness to learn and improve, hardworking mind, dare for challenges, time management and innovation talents - are the fundamentals. How many you score?
@@cthgbs6267come to Singapore. See the majority here doing the same thing. Lazy, take lunch long long still promoted. Work soso. Only thing good is mouth cannot stop complaining. Go back to motherland you so proud of if wanna talk so much. Its always real quiet after that. Sit down sir.
Let PAS lead will be like kelantan and terengganu, RM1.45 billion and RM1.88 billion budget respectively. Whats surprising penang budget for 2025 is only RM940.233 million not even a billion wherelse it is an electronic powerhouse as compared to Kedah RM1.26 billion, pahang RM1.194 billion. Even Selangar an industrialised state with only budget RM3 billion. Johor poised to budget RM1.99 billion. Sarawak and Sabah topped it with RM15 billion and RM6.8 billion resectively..both surplus budget.
The Philippines had its chance to become an industrial and technology powerhouse back in the 70s and 80s .. American companies invested Billions into Manufacturing and Tech BUT the Political Corruption is So so bad that it Ruins Everything. So American Companies Moved out and Started investing in China and other places.
@@jesusisunstoppable4438 you're right about corruption but that didn't stop the Americans. It was the lack of a supply chain and component manufacturers. Local investors and engineers were needed and we didn't have them.
@fernandoesteban2345 Not True at all. Sooo pls shut up and grow up. Quote The Philippines was an economic power house in the 50s 60s. In fact, it recovered very fast from WWII and already was well of as early as 1949. By 1950, it sent the third largest army to the Korean War. Quote But by the 70s The Philippine Political system was so Corrupt that it drove out and destroyed a Thriving economy that has not fully recovered to this day.
The issues that is holding back Malaysia’s quest for industrial power house are, The race malay centric policies withholding opportunities for non Malay to move the economic & industrial needle upward. The Islamization, sharia & halal create massive divide division among the population . The massive corruption by the Malay at all levels of government & political structure impede industrialization & economic growth, Politicians create new & more laws for the benefits of the Malay dominated administration. More laws mean more opportunities 0:02 for corruption. The non Muslims worked very hard while the Malay politicians steal the wealth.
To become a industry powerhouse country. Malaysia need to boost industry chains. But we never see Malaysia is doing this. Everything talk only. When comes to practical, they start to play racist and extreme religion. How to become a industrial powerhouse? The education in universities and vocational are average so outdated.
Proton in the 80’s and 90’s was nothing more than a car assembly operation, using designs and parts made by others (primarily Mitsubishi). Malaysia at that time already had car assembly plants (Tan Chong Motors, assembling Datsun aka Nissan branded cars), so Proton was totally unnecessary.
Malaysia fail because it's West Malaysian centric central government where development and industrialization are just centered in West Malaysia and neglecting East Malaysia. Travel Malaysia to better understand.
commenters seem to be from the era when the NEP no longer talk about . A lot of Malaysian Chinese opened factories outside Malaysia because they didn't want to gift 30% to the Tuan Melayu.
I don't think Malaysia has failed that much, they just lack promotion, let's see, in the Indonesian border area, specifically in West Kalimantan, Indonesia, which directly borders Malaysia, Many of you use Proton products, apart from the affordable price, you use the car because of its minimalist size and suitable for use in the city, We Indonesians believe that hard work will not betray the results, one day Malaysian products will compete globally 😊
They focus more on one portion of the overall pie. Even though the other portion of that pie is also carrying the economy of the country. I feel like they almost reach their goal but decided to go backward. I am not an expert but I just feel it while staying here.
Do you think Malaysia could have become a high-income nation if it was a manufacturing powerhouse?
Maybe
of course if goverment plan to make malaysia become high income station
@@BehindAsia
Not if the WEF doesn't want them too.
The West controls ALL OF IT.
they can make or break any country.
Because the trade war in 1998......
maybe, Malaysia should expand its market further and have better designers in industries and gradually reduce their reliance on foreign exchanges. Look at Proton Waja, it was a hit at its time!
You know why? Because even myself as a Muslim in our beloved country the politican here make their cronies and families rich first, leave us common people with very low wage below market rate just enough to sustain ourselves. Malaysia has been blessed with abundant amount of natural resources but it doesn't seem to directly benefit us outside of the oil and gas industry, only certain group of people. Also, some politican and certain party which shall not be name absolutely riding on race and religion issues to influence people minds which will cripple any effort make this country an technology powerhouse.
Like many other corrupted countries...
Your leaders pretend helping your races and religions to get your votes.
In order to continue getting your votes, they need to make you forever poor, incompetent and crazy like Afghanistan extremists/terrorists...
Thus, you and your parents, as well as your children are incompetent and irrational so you need to appoint your leaders.
Your leaders got the right and power to represent you and your parents and your children...
Thus, your best leaders can continue being rich while pretending to help you becoming rich.
You will be incompetent and you will love your leaders;
Your leaders will love you and your votes because you are incompetent.
...Like many other corrupted countries.
Love your honesty. You are more human and righteous than muslim.
I appreciate you.
In other words British tactics of divide and conquer still exist in our country
Same here in the Philippines, but poorer (we're not even a upper middle-income country like Malaysia), and have no/lesser oil. As a Catholic, our politicians are really a problem, they want short and quick publicity, because some of these ordinary people also impatient, they are complicit to it; there are few people who deserve, but they can't win, because the majority of our population keep voting for corrupt politicians! When can we get away from this trap? We're also recycling politicians too and to their offspring! Can I ask a question: is fanaticism to politicians also a thing in Malaysia? I mean the brainless yes-men?
@@trapenoone6904 Fully agree with you.
Malaysia wants to become industrial powerhouse but depend on foreign workers while locals choose to become office workers
do you think factory operator are way to become high income nation.? stupido. thousand of local engineer working in high level tech factory around malaysia.
Let's just say a certain policy make it so that a certain group of people will need to work properly and rely on minority to keep whatever industry we still have functioning.
@@neale3871actually what do you want. To be in government job to be I’m the boss you become Barua. We Malays are stupid to do jobs. Just tell laaaa.
1. Cost effective (hire foreign)
2. Huge demand from local for very minimal returns(work efficiency). Believe me, some if not most request for high demand but their work is like bare minimum. These create “another” reason why employer prefer foreign workers. Because of leverage.
@@neale3871 bullshit
Can you imagine top students can be denied into their preferred course just because of their race ? It happens in Malaysia every year..a country that doesn't appreciate intelligent people will not go far ..
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza?
Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity/DEI, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
To many university in malaysia.. choice in ur hand..😂😂
kau ingat anak ko sorang ja pandai...banyak genius melayu puun tak dapat U..bodoh
In Thailand....Malays are marginalised. What say you? In the Philipines....what about Sulu people? So don't judge only Malaysia when most countries practise that kind s#!t
@@DrNick8002 then go protest in those countries
If they measure all the $$ from all the corruption and added it to the economy... It would have made a difference in GDP..
Honest opinion here, it's tough for a Muslim majority country to become prosperous without highly valuable oil resources that don't require their people to work too hard for incredible margins. 4/13 states are highly slanted towards Islam and Muslims are required to pray 5 times a day. Add in tea breaks and lunch, how much time is left spent working? Moreover their Bumi policy favors the Malays outrageously, doesn't spur the more money hungry minorities to work harder since they have limited quotas and are unlikely to be valued even if they get fantastic results. The minorities have continuously moved south to the more meritocratic Singapore. Hell, Singapore has even Malaysian born minister. I love Malaysia, but we have to face reality. The insular culture and religion is limiting.
Ummm yk that 4 out of 5 of those prayers are outside working hours right? And the remaining one is during lunch hour. Just saying.
Considering office hours are 9-5 you don't lose any time towards prayer at all you're just trying to reach into a problem that doesn't exist
@@noorulhasan4904 We trying to make 007 rules for the lazy honored race so they can catch up with the minority.
@@noorulhasan4904 Based on Jabatan Kemajuan Islam Malaysia. Today's Prayer times -> Fajr 5.54am Duhur 1.05pm Asr 4.29pm Maghrib 7.04pm Isha 8.18pm. So at least 2 prayers for 9-5 people. If you want to go value added manufacturing its 24/7 12 hr shifts. Do the math how much time lost when 60% of your 1000 employees are Muslims. And don't tell me no one will use prayer as an excuse for malingering. Investors count every single thing because they invest billions for their high tech plants. Do you expect the rest of the 40% non muslims to cover the Muslims' tasks? I haven't even gone into the Friday prayers yet.
Hello neighbor here
We have mostly 7-5 for average working hour
Office hour depends mostly 8-4
Even more working hour than any non Muslim or even the atheist country. There's some industry like pharmacy you can't even halt production for Friday prayer. as Islamic countries simple solution, move the weekend from sunday to Friday
With NEP a racist policy. No foreign investment will follow. Beside the education system has fallen behind and graduates are lowly educated and unemployable. There are more Islamic religious graduates than economic oriented graduates.
if you think, mostly chinese companies success due to meritocracy.. think twice.. fahmi fadzil agreed that YTL (owned by Vincent Tan) is underperformed in Jendela initiatives... yet, umobile (also owned by Vincent Tan) got 5G contract because of what? dont say due to meritocracy...
@@wmazim910 then why isn't there more non GLC malay companies becoming conglomerate with all the favourable bumi rights?
@@wmazim910
Vincent Tan owns YTL???
@@ktng3176 sorry my bad
@@xxxcool2565 Petronas. I dont why you think protectionism is more harmful than corruption. fashion valet is one example of crony capitalism that bounded to fail
So true... this country is only good at championing racial and religion issues. In the parliament, the R&D or economy discussion is so pathetically low, but types of racial & religion issues raised and discussed in parliament have been really amazing... Industrial powerhouse???? hahaha...
we have extrimist chinese and hindutva follower here..tht's y
But you people still need Malay money to get rich😅😅
Go back if dont like so assy 😂😂😂😂
@@AIomelayu and greedy extremist cpeng and little modi as well
@@AIomelayu Really?
Blame Mahathir for all these blunders
He started NEP right?😊
What about your father🧐
😂 blame your father, what does he contribute than a bigot
Nope ot was Razak, Najib's dad after May 13
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza?
Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
From corporate to low level worker, everyone depends on government protection instead of trying to develop ourselves. What a shame we are.
Mainly due to corruption, any company want to setup a factory here must work with Corney company that local top politicians have interest.
Malaysian here. Racial centric policies which supported a certain race… and giving more benefits to students of those race. Kept our beautiful country in the stone age. Blessed with abundant resources, no natural disasters.. haih. Wasted opportunity
Education apartheid in modern times is reprehensive. Almost every civilized nation believe education is basic human right except Malaysia
I think this is similar to the tariffs, when you are helping a certain group of ppl too much, sometimes you’re pushing them for worse at the same time because they don’t have desire to hustle
Ehemm ehemm ehemm mandarin speaker only 😂 @@danthekong
Ehemm ehemm ehemm...mandarin speaker only policy 😂 let's see who's racist now
@@mrcam6801 I think 'Mandarin speaker preferred' or 'English fluency preferred' is OK, but 'Chinese only' ads is definitely racist.
According to the world corruption Index Malaysia is listed as the most corrupt country for doing business.
The people who are citizens are not all treated with equality and fairness.
There is no incentive for them to study or work hard.
Politicians got ample opportunities to become rich( during the era of Umno) but the ordinary people continue to struggle to esrn their living and remain poor due to discrimination.
The national education policy does not encourage bilingual education in Malayu and English which is why less and less science and high tech graduates are produced which is why Malaysia failed to become a heavy industry nation.
you are wrong.. if we truly wanna be science country like germany, japan, korea, russia and china.. then we should focus on STEM in our native language like the above countries... if we wanna be business/financial hub, then english becomes our priority like HK and SG
Can I get the link about the record of corruption pls...
@@perfectIntrovert yeah, like he is over exaggerating it, there's no way any country in SEA is levelled worse than North Korea in ranking of corruption
@@perfectIntrovert but actual ranking, Malaysia is 57 out of 180 in 2023 data, and ranked the same as Croatia
@@fakhrianuar9264 thank u for the info. .still our country needs improvement as a Muslim country is supposedly zero corruption
Literally impossible for non-Malay to get high ranking positions in government sector, those are reserved for “elite” Malay 😊
The talented non malays migrate.
bullshit. super bullshit😂
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza?
Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
Making a lot of accusations while hiding behind fake account with 4 subscribers
@@DrNick8002bodoh😊
It's the decades of pre-occupation with race, religion, social engineering, discrimination, apartheid, discarding English language, lowering education standards, blocking non Malays from accessing university places.
and waving Republic of China national flags proudly instead of the country flag where giving their forefather citizenship, and thinking they are superior than the rest? Look at yourself on mirror.
@@Brisamars-q1c
Already 2 million migrated out of the country and more are planning to move out.
I guess this is the solution to the never ending racial issues in the country.
@@nikhassan7713 are you illiterate or choosing to be a bigot? Those waiving flags were foreign visitors for the event!!!
@@Abcd1234-q4v Completely understandable. When you look at all the global rankings and Pisa ratings the country is such a low achiever. When a young person returns as a graduate from an expensive overseas university, where he or she has been denied entry locally, at best a 600 USD salary is on the table. I read that their prime ministers and politicians have a habit of stealing large sums of money while waving their party flags and traditional daggers, leaving the third world education in the rut. If not for international schools, the country would be dead.
@@Abcd1234-q4v This figure is shocking but understandable. Whilst waving party flags and the country’s flag, the country is robbed blind of development funds. If not for some hardworking people and the international schools, this country is at par with the poorest states in Africa. Just look at World Bank and UN figures.
This country, Racial based politics 😂😂
if you think, mostly chinese companies success due to meritocracy.. think twice.. fahmi fadzil agreed that YTL (owned by Vincent Tan) is underperformed in Jendela initiatives... yet, umobile (also owned by Vincent Tan) got 5G contract because of what? dont say due to meritocracy...
@@wmazim910@wmazim910 u r right, but also forget its one side of the story. As a local contractor, there are many contracts which are only eligible for bumi companies eventhough non bumi companies are qualified. Most government linked projects or initiatives are awarded to bumi companies or otherwise must have directors and shareholders who are bumis. We deal with this everyday, out of 10 projects, perhaps only 1 or 2 will be awarded to non bumi companies.
Racial and religious based politics.
@@wmazim910Vincent tan crony mahathir 😊blind ke?😊
@@forytube4998 yeke kroni Mahathir? Habis baru2 ni U-Mobile dapat project 5G daripada Mahathir ke? Mahathir masih PM ye? 😂😂😂
Everybody staying in MY knows, and it aint gonna change
A lot of people here are blaming Mahathir, but he was still elected to become PM for a second time. Means that Malaysians never learned.
He was not elected as PM. He was elected as a Member of Parliament and the newly formed government can't come up with better candidate, so they chose him to be the interim PM until Anwar Ibrahim takes over but was betrayed by him thinking he can get rid of the rid the partners in his government to let him run the show the way he liked, little knowing he would be betrayed by his good ' friend' who took over his post as Prime minister 😂😂'
The MY Government has been saddled and tightly strapped onto the merry-go-round of racial and religious politics for more than 50 years and counting. An entrenched preoccupation that saps the energy, vitality, and focus of those that could have made significant contributions toward industrializing the country.
Malaysia lacked leaders who are brave to make unpopular decisions. Every decision is about political survival.
Give 100 years will never high income nation, NEP policies have failed miserably. Everything favor one race
I bet you are wrong. if we can reduce corruption, any race can success. these three countries practice protectionism and they succeeded, japan, korea, and china...
@@wmazim910if you announce to anyone that he has cancer, the first reaction is denial. Patient rejects therapy until cancer has become so advance. NEP is this cancer that many Malaysians fail to recognize as cause of its economic failure when it could become a great South East Asian industrial power house.
Almost like it's their country or something
Any policy that doesn't favour the majority will always doomed to fail one way or another
Hello. High Income nation by 2028 by World bank dedinition. Thats the only definition that counts. Otherwise thereare 7 billion definitions.
Yes, only one race that hold economy not their malay or indian but chinese. It is the same situation as indonesia, but japan is the richest person still japenese😅.
It might have been following Argentina's footsteps, that failed to become a developed country despite its resources, simply because it didn't focus on science and technology
This world needs a variety of countries. Let Singapore, Taiwan, South Korea, China and Japan become tigers.
Someone needs to be a... tapir?
How the heck is china there. It is literally worse than Malaysia in every aspect except maybe military.
Tapir is useful for ??
Those countries are running out of steam fast. Abysmal birth rate and pay for young people who want to start a family. 4B movement in Korea where women would rather go extinct than settling down with men.
Chinese businessmen left Malaysia for Vietnam and Thailand.
The growth of Malaysia in terms of GDP is nothing to talk about as it is just at the 50% percentile average of the world. All the growth mentioned is simply low tech labour intensive and repackaged for export. These 3 items called Middle Income Trap is part the reason. To move up the value chain we need talent which Malaysia is lacking. Malaysia's population has only 35% of its population with a ter tiary education. So how can the population create wealth for the nation. You want to compare Malaysia against Japan and South Korea go and do your god damned research and you will know that these 2 countries have the most graduates with tertiary education. Just to elucidate you compare how much these 2 countries spend in education their population against their GDP. I rest my case. Furthermore during the Asian Financial Crisis Malaysia instituted Currency control and the effects of this policy is still showing. To make my point just look at the FDI Levels. Enough said.
Malaysia is definitely well above 50% percentile. You realise Mainland China is close to the 70th percentile (more than double the world's population live in countries poorer than China than richer than China), and Malaysia is richer than Mainland China. Malaysia's economic growth is also very high for its economic level. It isn't in a "middle income" trap because it has already exceeded it. Middle income trap countries would be Latin America.
Please read my caption carefully. Malaysia's per capita compared to the world is at 50%. Lets look at the amount after deducting the daily necessities what is left over for exoendible income? Zero. Do you even know what is Middle Income Trap? ....
Actually, people keep on saying this but actually the problem is the government doesnt support local firm and give too much preferential treatment for international firms for quick growth in economy but it is not sustainable
Let me share something wgich is very close to my heart.
1. All the latest R & D worldwide is written in English.
2. This leaves most Malaysian Graduates unable to cope with the latest research available because of the language barrier
3. Converting R & D into Malay is a joke. I do not want to go into detail but let me point out that in Msia we have 25 VCs in our colleges and all of these 25 VCs have no real life experience in Business, scaling etc
4. Our academics are sotting on their arses and NOT reaching out to the private sector for potential Incubator projects.
5. Our govt budget support for R & D is pittance if they really want to go far.
I can go deeper but I will stop here
@@josephchan1893i agree with point number 5. our government just want faster result and not risky venture. i have some friend as prof in prestigious university in malaysia that actively involve with engineering firm so that not so bad dude. this video mention failed and it so not true. we are still progressing and it is not yet concluded. never be. we have some company that venture overseas and build something outside. open up your eyes
Day dream of becoming an industry powerhouse is vastly different from actually can become one in harsh reality. Comparing to Japan and S. Korea, all that Malaysia government has achieved is 'talk' and more 'talk' but constantly fail to meet all requirements necessary to be one since independence.
With them running the show, you can forgets about it. They take first and work later.
Comprehensive coverage of the issues faced & presented in a clear concise manner. Well done.
Considering how tricky it is (social, politic, corruption, etc.), Malaysia is actually not doing too bad. Could have been worse, way worse.
So, we should just accept that?
@@NoovGuyMC It's true though about the situation, to accept or to reject is up to you. In other nations case, Malaysia would have been Yugoslavied already if you understand what it means
As a Malaysian, this is a very accurate video and also very much aligned with my point of view. Complacency is another main reason
Complacency usually happens to countries which are bestowed with many natural resources because they thought these resources never deplete.
9 Islamic University in Malaysia producing thousand upon thousand of invalid people into the market with NO PROSPECT of employment.
The hottest topic Malaysia today is they can't understand simple signage,
No Pork No Lard,
No entry,
One Way Street,
No Step,
Danger,
Fire Hazard,
Argon Discharge.
They even found it necessary to DEBATE the signage.....
Cannot even said God use by them😅 Cannot shake hand with non believer's, Cannot wish new year greetings to other faith, and even busy body about you wear or drink, and also very troublesome for the Chinese new year expecially in the year of dog and pig for these extreme religion people, hope our new government will take action against racist and religion extremists politicians
Talk something that not irrelevance
DAP is the main racist trouble maker. So many resources are wasted into just trying to keep racial harmony.😢😢😢😢🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾
9 Islamic University? I can only recall one. What’s the other 8? Most of my friends who graduated from IIUM have become professionals and well respected in terms of status and career path. I notice your bias opinion towards Islam & Muslim in general. Pls read more and be more knowledgeable before commenting so you don’t sound like a jackass.
Well it is a muslim country
I've done financial work between KL and PH. Your analysis and summation is accurate. Both KL and MNL dreamed Next Tiger status but realized they had unique structural handicaps that made it fultile.
up this comment
for Malaysia, i guess its obvious why despite being somewhat better economically that most other countries around it ;)
This is kindda stupid video, Malaysia is already on the verge of becoming high income nation within 2-3 years. It's already US$13,000.
@@leealex24 you are quite possibly the funniest clown in the entire comment section - Singapore is already at USD $156,000 (median) and you are trying to tell people about "on the verge". If you don't make sense, don't try to impose useless information that does not help your side of the argument.
@@worldview2888 Who cares about sg? This is Malaysia on its own high income trajectory within the ASEAN region. Furthermore, sg is a tiny island and 1/500 the size of Malaysia. When people talk about China or US, it has nothing to do with other smaller states like Switzerland. It's entirely independent, you are the clown.
The story of Malayasia's auto industry is the same for Australia (domestic protectionism over export), except Australia began the process of making cars 3 decades earlier than Malaysia. Most of Australia's car manufacturing industry no longer exists. Malayasia auto industry might go the same way soon. Really, governments and businesses can be amazingly stupid on economics.
Unless any car maker can sell car below 30k in Malaysia there's absolutely no way Malaysia car maker will run out of business
Protectionism also destroyed Argentina 🇦🇷 and 🇧🇷
Apartheid system, keep only mediocre and complacent majority native Malay in government sector, leeching from minorities hardworking to keep majority happy, racial based political policies since few decades ago😊
Dude for sure u people doesn't want work in public sector so stop annoying complain if u cannot contribute to a country .. people like u a first to run if anything happen that is a fact 😂
Well the Chinese doesn't want to work for government, what do you expect😅😅
Biggest taxpayers is the majority, which is the Malay. Chinese only pay lhdn, Muslims have to pay for lhdn, zakat too. Pretending to be the biggest contributor is a joke😅😂
@@chanellover4491 The goverment dosen't want the Chinese either. What do you expect 😅😅
@@chanellover4491 Many government employees are leftovers who couldn't find higher paying or better jobs in the private sector. That's why the government sector is among the most bloated in the world.
WHY COMPARED WITH SOUTH KOREA???
South Korea was a bombed out shell in the Early 1960's, Malaysia had a much better starting point than South Korea.
What country do you think is better to compare to?
Well that is how corruption works. Im a malaysian and live in sabah. Here in sabah its worse. You can only see the state gov effort when election is on the horizon😂😂😂. After the election??? The state gov will close its shop and will only open to public after 5 years (election time again)
This is a great video and really well put together. That said, I feel like the comparison with Japan and South Korea might not be entirely fair. Those countries industrialized under very different circumstances, like post-war recovery and Cold War support from the U.S.
Malaysia, on the other hand, has always relied heavily on its natural resource wealth, like palm oil and petroleum, which understandably shifted the focus away from broader industrial development.
It’s also worth recognizing some of Malaysia’s successes that weren’t highlighted, such as its significant role in electronics manufacturing, becoming a major exporter of semiconductors and electrical products.
Overall, the analysis is well-directed, but some oversimplifications might unintentionally suggest weaknesses in Malaysia’s leadership, especially when compared globally.
The curse of mixing politic and religion; when religious bigotry and racist priority is put foremost ahead of genuine progress and development. Something is wrong
I feel sad when people mix up issues like blaming the NEP instead of the real reason-corruption-that stifles Malaysia's economic development. In economic development, free speech doesn't influence as much as political stability. In ASEAN countries, Indonesia ranks #1 in free speech with a freedom index of 57%, Malaysia at 53%, and Singapore at 47%. Some call Malaysia an apartheid country because it implements affirmative action. First, where does Malaysia put its minorities in ghettos like Israel does to Palestinians in Gaza?
Second, minorities in Malaysia control 70% of the nation's wealth, which in the long term could contribute to political unrest. It takes only a little to spark political dismay. Look at what happened in Iraq and Syria, where the minority (Sunni) controls the majority (Shiite) and vice versa for Syria. Third, in economic development, there is the SDG framework to ensure the world grows sustainably. One of the goals is inclusivity, which means no single race dominates any sector in the country. The proportion must represent the country's demographics. If you consider that each race produces talented individuals proportionate to its population, then no single race should dominate any sector unless you subscribe to eugenic ideology or racial supremacy.
Government wanted easy money from foreign companies unlike local companies they have to fund & nothing much to gain in short term. Besides the government don't have good strong advisers to guide the government rather the strong arm tactic of the politicians. Government don't have money to trains many outdated workers into new type of talented workers or enterpreneurs. We are being trained as employees rather than updated or upgraded talents tech specialists or enterpreneurs. Good talents staff or companies migrate to oversea companies . Brain drains besides not strong supports in financial or markets.
Malaysia can never beat Korea, Japan , China & now Thailand, Vietnam . We may lose to Bangladesh & even Africa nations. We are depending on on oil like palm oil & petroleum.
Our palm oil will lose to Indonesia soon. EV will kill our Petrol revenue soon. What is left ? . Tax more on its poor citizens & searching for rare earth or gold mine ?. There are nothing much for Malaysia to offer than Tourism & depending of foreign investment which are now facing critical competition.
Our gas n oil never ends...even EVs are becoming a trend...pls study more! 😮💨
Petronas reported its annual reports and balance sheet directly to Mahathir for 22 years.
Dr Mahathir Mohamad and his children, Mokhzani, Marina, Mirzan and Mukhriz purportedly own 488 companies. The only way Mahathir and sons can convince Malaysians they are not crooks and that they did not steal their wealth and that their money did not come from Bank Negara is for them to open their books for all and sundry to see where their money came from. Mahathir and sons must show the source of their money and prove that the source is not illegal. Until then Malaysians have to assume that Mahathir and sons stole their wealth and that much of their money came from Bank Negara.
They have hundreds of thousands of religion scholars which is more than enough to build their development , during mathatir watch tens of thousands of students was sent to middle east education,
my answer is simple, if you read the malay history, you will know why.
Protection facts are not major reason as if you visit Korea or Japan, you will see 90% cars on the road are their national brands. Japan and Korea are very protectionism states, very few international brand cars allowed in their market.
Some parts of Malaysia has big muslim community that caused alot of problem with industry, such as 4 praying times and regulations in industries considered haram. these discourages Industries especially higher technology to invest in Malaysia especially in regions with substantial muslim population
Nope. Other countries offer lower wages and child labours. That's why those cheap companies invest.
Big muslim state have their week ends on Friday & Saturday. Meaning that they have friday prayer in their weekends.While daily prayer only between 1pm to 4.30pm . Muslim staff can pray during lunch time.
BTW Muslim pray 5 times daily & only one time is during office hour & can perform it during lunch time.
You have all over the world muslims come in ,, that's why,,
another problem is APARTHEID SYSTEM PRACTISING IN MALAYSIA.. no one will tolerate this kind of practice.
Race discrimination is the reason
if you think, mostly chinese companies success due to meritocracy.. think twice.. fahmi fadzil agreed that YTL (owned by Vincent Tan) is underperformed in Jendela initiatives... yet, umobile (also owned by Vincent Tan) got 5G contract because of what? dont say due to meritocracy...
Real it's the british to be blame they even agree to this independence agreement
That is not the major factor unfortunately but political instability.
@@wmazim910if u think like that then u have no idea how much we worked our butt's off to make it
Yes truth, you must be able to speak Chinese to enter the sector
I appreciate the harsh reality than just positive pandering. Good job and keep it up.
people is the problem, with only 30% of the population is endowed with competitive culture, willing to work hard and advance in life, no way this country can match the progress of East Asian countries namely Japan, Korea, China,Taiwan and Singapore....
Need to include the foreign workers also. They also contribute more than a certain group of people
Not true, it's based on states/regions. Just like any country even the US, there are always key economic hubs/regions. In Malaysia case, it's Klang Valley, Johor, Penang and Sarawak. Nothing wrong, and normal. Do you think US states like Alabama, or Arizona are great? Wake up
Bad policies based on race and not meritocracy are the main reason the country will not become truly wealthy like Singapore or East Asian countries. Also, the local type M are bent on protecting their interests first and prefer to study religion rather than thinking big, giving the job to the most qualified, and studying science and technology.
The Malaysian government should also have a hard look at the current education system - this system needs a total revamp. For a country to be an industrial power, it must have a large pool of trained talents.
@@echossrabbit4715 they are more interested in fanning race and religion issues than bread and butter issues
They couldve been way more developed and a top industrial powerhouse if it werent for their laughable racial and religion based politics against non malays and other natives to the point the ones that suffered were the native malays and the natives instead despite prioritizing them as a majority
While true about the measure Malaysia took during Asia financial crisis, Malaysia also didn't borrow from IMF unlike South Korea.
Malaysia borrow from the world Bank secretly. Mahader lied.
That's why. Because we don't want US military base in our country.
IMF is a debt trap
True but it did by selling its assets and internal borrowing. For example 49% of its national car company, Proton, was sold to a Chinese company Geely. As of 2024 the national debt is about 64% of its GDP. Most of it is from internal sources, in other words by printing more money and is a controlled currency. As such it is not very internationally tradable. Joining BRICS is one solution.
@CheeLiekHo That has nothing to do Asian Financial Crisis.
believe me. its because over reliance on oil and gas.
It not NEP problem. It actually on the corruption and lack of enforcement.
NEP is the root of all evil.
Because we have 9 sultan and their family needs to feed, 9 palaces and a federal royal palace, very huge expenses.
They have right. Lol.
Ur against freedom of speech! #pdrm #mcsm
F to you Dr.M! Thanks for nothing & putting us in the gutter! My Great-grandfather "gave you" your doctorate! What a bloody waste!
It's about government distribution of wealth and priorities and government's role to support industrialization. Because of not able to spur investment in factories both local and foreign, many locals have not sufficient jobs supply and government needs to recruit them in GLC and public sectors. The minorities percentage is getting lower which contribute substantially to government income tax collection.
Moreover, the majority Malay wants more benefits and perks to allocate to the elite Malay politicians. Leakages and inefficiency are serious problem with Malaysia budget allocation, spending on unnecessary projects to enrich the elite group whose has connection with politicians.
i dont think malaysia can do much...the history has shown that malaysia don't have the strength to become a industrial powehouse..the government has done a lot to foster and grow local industries, but the people don't have the eagerness to develop strong local industries compared to South Korea..so, i believe that not all countries can be successful in this area..maybe, malaysia has to venture into other industries such as agriculture and services
Lack of maruah and discipline
Show more about the people of Malaysia, pure lazziness and lack of any structural discipline
Malaydesh's purchasing power is decreasing, life pressure is getting higher, productivity is weakening, debts are piling up, too many subsidies and corruption, feel like a rich country but actually still poor.., Now life is difficult, many people are stressed... lazy M people rely on foreigners only to drive their economy growth.. that's why never achive average of Asean economic growth.. as if Malaydesh is a developed country, but lives prosperous from debt..., , pushing hard inflation & pushing hard interest rate but using debt.. everyone can also look rich with debt.., at the end Malaydesh's people will take all this debt and high tax.., try make it balance , what a shame Malaydesh
According to some literature, the car infant industries protection can become competitive in seven or eight years. However, after more than 40 years the baby still refuse to grow up and it became the bane of the people who struggle to meet their daily needs. That's why we failed to become an industrial powerhouse.
Good video, when you boil it all down, it’s all down to Malaysia’s failure to innovate that is behind its failure to compete like South Korea. The reasons are plentiful, from cultural, religious, political and social.
Talented in R&R but poor in R&D. Imagine a guy who bought Lotus and had to sell Potong.
We got sidetracked by greed, avarice on the part of our politicians, lack of foresight, and we forgot we had people in the country who had every right to equal opportunity while others were given more opportunities than they deserved. And it took ordinary Malaysians to be brave enough that we needed to fight back for our rights and for our country. We hadn’t moved as one country for a long time.
Foreign investors prefer Thailand and Vietnam because workers don't stop for religious prayers.
nope because they pay peanut and get low quality product😂
Nah because cheap labour and child workers
Nope!!! Ur racist !! Islamiphobia... London allowed us to stop for prayer! #pdrm #mscs
Important question for all students all over the world🌏 who are about to enter university as undergraduates.
How do human👥 civilizations evolve from Middle Dark Ages to Industrial🏭 Age and then onto Modern 20th and 21st century? Answering this
question completely will help you to realize😃 the critical and crucial connection between a PhD📜 (in STEM 🧬📡field) and industry🏭.
"From where does the industry🏭 comes from?" Try answering it completely and verbally and on the spot under 10 seconds⏳.
I just came here for the comments. But we all know why.
With U M N O and P A S.............NEVER.......going back to the stone age.........YES.
So, which coalition or party do u think can make Malaysia a high income nation?
It showed that having multicultural is not good in a national level
@@izzattaz6290 no, its shows only siding with 1 racial group and letting 2 others fend for themselves does not bode well.
@psychedsage4990 How is that correct? Look up the Malaysia's billionaire list. How delusional. Hahaha. Look at China, Korea or even Japan. See how they actually become a developed country.
hello? UMNO is the reason Malaysia rise to what we are today
Industiral power house mean Economy. But we are religion 1st. not Economy. Malay are happy with that ... Thats all...
I believe the govt is giving priority to balanced growth among (all) communities than to let growth driven by tech/industries to grow a or certain communities only.
Well since 2010, we ve seen a decline in manufacturing sector, not just in malaysia but even in developed asian countries such as japan and korea. This is due to US-China trade policies and the rise of 4th industrial revolution. Replacing from manifacturing to profesional service oriented businesses is a smart move as it involves less imported raw materials and low tier work force, and focusing on higher tier and more profesional work force.
correct. this video seem stupid because mentioning about low level factory which we are not interested anymore. let other low level cost country like vietnam or indon or pinot do that. we need high impact dan high tech industry to break the mid income nation
@@SangAyie china cars , hand phones, kitchen accessories, shoes, clothes etc is selling here
In Malaysia locals people working in professional and technical fields but 3D category work is done by foreigners.
Why is the eastern part of Sabah not part of Malaysia?
Oho are you saying that my state is split between Malaysia and the Philippines?
Ask Brooke why.
Like what the World Bank commented recently, Msia she’d focus on producing high value and premium products esp. for export. Not keep producing low value and easily duplicated products. Definitely ont just doing low skilled assembly work like in the electronics industry. Proton couldn’t.manufactured a complete carindependently even after 30 years in the industry.
what???😂😂😂proton did manufactured car independently before you learn how to pee in the toilet. what stupido. anyway we did have high tech factory. just finish your school first before commenting here
@@fendi2785have they ever innovate before, let's just say they don't take designs from other countries instead of being creative and innovative. Failed so many times for a reason ya know
@ bullshit
Willingness to learn and improve, hardworking mind, dare for challenges, time management and innovation talents - are the fundamentals. How many you score?
Lazy and incompetent.
bullshit.
@fendi2785 I am patient with stupidity, but not with those who are proud of it.
@@cthgbs6267 that is why you are still utter moron. those lazy are likely you and your circle. mine not. lol
@@cthgbs6267 spot on. NEP and bumi BS made them lazy and incompetent. Even mahatir said so
@@cthgbs6267come to Singapore. See the majority here doing the same thing. Lazy, take lunch long long still promoted. Work soso. Only thing good is mouth cannot stop complaining. Go back to motherland you so proud of if wanna talk so much. Its always real quiet after that. Sit down sir.
Let PAS lead will be like kelantan and terengganu, RM1.45 billion and RM1.88 billion budget respectively. Whats surprising penang budget for 2025 is only RM940.233 million not even a billion wherelse it is an electronic powerhouse as compared to Kedah RM1.26 billion, pahang RM1.194 billion. Even Selangar an industrialised state with only budget RM3 billion. Johor poised to budget RM1.99 billion. Sarawak and Sabah topped it with RM15 billion and RM6.8 billion resectively..both surplus budget.
They should've fired the PROTON CEO earlier....
The Malay ethos of not working to produce is the main culprit while the Chinese are running the economy....
Failed because too much emphasis on race and skin colour in giving govt allocation and preference instead of performance delivery system.
on top of these issues...government's stability plays important part too ;)
Do you think The Philippines could have become a high income nation if it was a manufacturing powerhouse?
The most stupid thinking to compare Malaysia with Philippine..so many deference in all aspects from economy prospects even living standards…nonsense
@@shahrizalabdrahman5534
You're Wrong, be quiet kid.
The Philippines had its chance to become an industrial and technology powerhouse back in the 70s and 80s .. American companies invested Billions into Manufacturing and Tech BUT the Political Corruption is So so bad that it Ruins Everything.
So American Companies Moved out and Started investing in China and other places.
@@jesusisunstoppable4438 you're right about corruption but that didn't stop the Americans. It was the lack of a supply chain and component manufacturers. Local investors and engineers were needed and we didn't have them.
@fernandoesteban2345
Not True at all.
Sooo pls shut up and grow up.
Quote
The Philippines was an economic power house in the 50s 60s. In fact, it recovered very fast from WWII and already was well of as early as 1949. By 1950, it sent the third largest army to the Korean War.
Quote
But by the 70s The Philippine Political system was so Corrupt that it drove out and destroyed a Thriving economy that has not fully recovered to this day.
What are we talking about Mahathir era?? Is 2024 already how many prime ministers has been running the country.
100% because bumiputra muslims privileged and bumiputra muslims corruption
Malaysia 🇲🇾 will never become a industrial or economic powerhouse if peoples like Mahathir are around. 😢😮😊
I'm happy .. Thank you mahathir
One week 4.5 working days. 😅
The issues that is holding back Malaysia’s quest for industrial power house are,
The race malay centric policies withholding opportunities for non Malay to move the economic & industrial needle upward. The Islamization, sharia & halal create massive divide division among the population . The massive corruption by the Malay at all levels of government & political structure impede industrialization & economic growth, Politicians create new & more laws for the benefits of the Malay dominated administration. More laws mean more opportunities 0:02 for corruption.
The non Muslims worked very hard while the Malay politicians steal the wealth.
Malaysia hasn't succeeded because it has lost its identity, largely due to people who constantly comment and criticize here.😅
To become a industry powerhouse country. Malaysia need to boost industry chains. But we never see Malaysia is doing this. Everything talk only. When comes to practical, they start to play racist and extreme religion. How to become a industrial powerhouse? The education in universities and vocational are average so outdated.
Malaysia is still a very corrupt country, and its financial and legal system is still primitive compared to some industrial nations.
What do you mean? It is already one.
67 years of racial & cronyism politics with little for the rakyat
Proton in the 80’s and 90’s was nothing more than a car assembly operation, using designs and parts made by others (primarily Mitsubishi).
Malaysia at that time already had car assembly plants (Tan Chong Motors, assembling Datsun aka Nissan branded cars), so Proton was totally unnecessary.
So sad to see Malaysia is failing !😢
We didn't. You minorities get rich but still play victim card. That's the problem.😅
Malaysia fail because it's West Malaysian centric central government where development and industrialization are just centered in West Malaysia and neglecting East Malaysia. Travel Malaysia to better understand.
commenters seem to be from the era when the NEP no longer talk about . A lot of Malaysian Chinese opened factories outside Malaysia because they didn't want to gift 30% to the Tuan Melayu.
NEP is the sole bottleneck.
I don't think Malaysia has failed that much, they just lack promotion, let's see, in the Indonesian border area, specifically in West Kalimantan, Indonesia, which directly borders Malaysia, Many of you use Proton products, apart from the affordable price, you use the car because of its minimalist size and suitable for use in the city, We Indonesians believe that hard work will not betray the results, one day Malaysian products will compete globally 😊
Education and corruption.
They focus more on one portion of the overall pie. Even though the other portion of that pie is also carrying the economy of the country. I feel like they almost reach their goal but decided to go backward. I am not an expert but I just feel it while staying here.