Model Ekonomi Baru, Malaysia Government is striving to create one new economy model which is Malaysia MEP for country among others base on to increase in the worker’s productivity have a purpose to assist them increase revenue, said Datuk Seri Najib Tun Razak.

Prime Minister said government would give job scope to economic council will be established, which comprises of economic experts including from abroad, to suggest a new economic model also known as MEB Model Economi Baru for country.

He said the economic model also would outline how Malaysia can movement his economic position of a well off country in medium height income level to high income.

Najib who is also Finance Minister says increase in the worker’s productivity not only through contributions of time aspect extra work but also through innovation and creativity addition amongst staff.

“If we stress this, we can determine higher production levels again, not rise but multiple leap of our aspect of the production capability.

“Because of that when we achieve state that way thus we can give bigger wage to staff,” he said to reporters after delivering special commendation in Perhimpunan Workers Day 2009 in Stadium Putra Bukit Jalil here, Saturday.

Najib said that when requested to describe his message in the assembly among others touch on new economy model, cessation fund employee and effort improves Employees Provident Fund (EPF).

On the new economy model, Najib said each industry in this country, whether involving private sector, government-linked company (GLC) though government companies, they must look at how to continue to step up employee competence through innovation and creativity.

This can bring to productivity improvement and further improving workers’ income which eventually develop more countries, he said.

“This is which models I press. A new economy model would benefit to our employee and country will own much more competitiveness and spur greater progress.

“We will not allow country were in as usual notch. But we must find the way how we can change and movement so that Malaysia be a country “high income” (high income) in particular time.

“This is government’s desire. We together (will) uphold concept and method should be done so that ambition (this) into reality,” he said.

On cessation fund employee, Najib said Human Resources Ministry just keep on discussion by all party.

“And when ministry already prepared, (they) would make recommendations to cabinet (for action further),” he said.

Yesterday, Malaysia Trades Union Congress (MTUC) make a call so that government create immediate the fund with the government ‘ contribute RM500 million. MTCU already made claims more 10 years for the fundraising.

On improvement to EPF, Najib said the matter on in studies because most staff in this country experience difficulty reason finance sums received is limited, while Malaysian life span now hitting between 73 and 76 years.

He said EPF study show that 70 percent contributor finish their reserve contribution within three to 10 years.

“Be us have to find way how the payment can be made based on annuiti or monthly. Therefore we can ensure protection to our workers,” he said.

In his message is forward more than 10,000 employee, Najib said all parties has to maintain and defend industry climate live harmony in countries now because good links between employers and employee is one of important basis determine Malaysian success.

He said, would be vital employer-employee relation founded in keeping with collaboration principle, mutually understand and confident believe in, because if this relationship founded to confrontation attitude then common state occurring at other country including developed nation seperi strike perhaps possible here.

“If fugginess (confrontation) is predicted then the economy will be ruined and if damaged affected not only employer but employee , even the citizens of the country will suffer under the circumstances eknomi the country affected,” he said.

“Employer have to understand employee and employee aspiration on the other hand should contribute dedicatedly while government on the other hand carrying out responsibility through positive policies stimulate economy,” he said.

Najib said employer’s action to always ensure productivity cost were in low level, no should affect employee from their earnings improvement aspect.

“If this happens, employee will not get assessment in their contribution,” he said.

Najib also urged employer in this country such as restaurant and small and medium industry offer better atmosphere and job requirement to attract many more local employee work in these sectors.

He said now have more two million foreign workers in this country.

“Hope do not find way easy to give job opportunities to other country’ people because cheap wage. Give opportunity to local children,” he said.

Prime Minister hopes unemployment level will be at minimum and government level will have tried to create job opportunities.

He said unemployment rate perhaps will increase from 3.1 percent in last year to four percent this year due to global economic depression.

List of Malaysia Economy Policy: ~
Malaysian New Economic Policy (NEP) or Dasar Ekonomi Baru (DEB) in year 1971 to 1990 by Prime Minister Tun Abdul Razak
National Development Policy (NDP) in year 1991
New Economic Model or Model Ekonomi Baru (MEB) in year 2010 by Prime Minister Datuk Seri Najib Tun Razak