Report Says The Country Should Seek Growth Through Innovation

KUALA LUMPUR: The World Bank which has forecast Malaysia`s economic growth at 5.7% this year, said the country must now look for growth through innovation. 

In 2009, Malaysia`s growth domestic products (GDP) contracted 1.7%. The World bank also estimated Malaysia`s GDP growth to be slightly lower in the next two years, at 5.3% in 2011 and 5.6% in 2012. The rebound in the domestic economy has been aided by a marked revival in exports, according to the latest World Bank Report. The report said the manufacturing sector has been the locomotive of growth, and noted that the services sector was a beacon of strength throughout the global economic crisis for Malaysia. 

More Local Research With Tropical Disease Centre 

Kuala Lumpur: Universiti Malaya’s newly-launched RM10mil research facility to combat and prevent infectious tropical disease like dengue can cut dependence on foreign research labs.Higher Education Minister Datuk seri Mohamed Khaled Nordin said that with the appropriate biosafety facilities to conduct research on disease samples, the centre was expected to cut local dependence on foreign research labs and at the same time forge collaborative links with local and foreign research institution. Previously, disease samples had to be sent to the Centres for Disease control and Prevention in Atlanta United States, for further study.