Service Sector In Malaysia

The strategies are formulated to enhance the competitiveness and resilience of the services sector and promote the migration into high value and knowledge intensive services activities.

Service sector in malaysia. For all intents and purpose statutory bodies and the local authorities are also. The economic transformation programme etp states that malaysia will focus on developing a large and thriving service sector. This is in line with policy direction at the time. The services sector is also known as the tertiary sector.

Malaysia sijil pelajaran malaysia spm. The civil service in malaysia is pivotal around article 132 of the constitution of malaysia which stipulates that the public services shall consist of the federal and state general public service the joint public services the education service the judiciary and the legal service and the armed forces. Here we share with you the state of the shared services market for malaysia. Every year sson s global survey highlights enormous progression in shared services evolution.

The services sector which accounts for about 53 9 percent of malaysia s gross domestic product gdp remains a key driver of growth for the malaysian economy. The services sector which accounts for 55 of gdp is projected to grow by 5 9 next year from 6 3 this year which will make it the fastest growing sector of the economy. The performance of services sector was underpinned by wholesale retail trade and information communication sub sector. The tertiary sector of economy involves the provision of services to businesses as well as final consumers.

A research paper by the khazanah research institute in 2017 shows that as per government policy malaysia has transitioned towards an economy where 60 of its gdp came from the service sector. Gdp from services in malaysia averaged 153670 30 myr million from 2010 until 2020 reaching an all time high of 216950 myr million in the fourth quarter of 2019 and a record low of 99821 myr million in the first quarter of 2010. The past couple of years have shown a clear move away from transactional human based work towards data driven knowledge based activity enabled by automation. In the eleventh malaysia plan 2016 2020 the services sector will continue to be the primary driver of the economic growth.

Wholesale retail trade grew 8 6 per cent backed by retail segment which remained a double digit growth of 12 0 per cent. If you wish to use a diploma or higher qualification you need to produce a copy of the transcript or a letter from the institution stating the course duration.