I wrote about the Malaysian Residence Pass for Skilled Professionals previously. I found some up to date links to the official site, with some updated information (do see my original post, as the post shares information I don’t see on the official site now – that information may not be official but it does provide some good ideas on what was being thought of when the program was originally announced).
One part of the plan for long term economic growth is to focus on workers with highly valued talents globally: technology, engineering (oil production, construction, manufacturing…), higher education, health care… From the official TalentCorp site (this is the organization the government is putting in charge of implementation of the efforts to attract and grow talent):
a nation’s economic growth would hinge on its ability to attract, nurture and retain top talent. Malaysia has thus far achieved some success in steering its economy to current levels. Going forward, talent is expected to play a key role in supporting Malaysia achieve its objectives of propelling the economy to a high-income status.
Major cities around the world have thrived because of talent and their ability to capitalize on the best and brightest minds around. Malaysian professionals from abroad and top foreign talent complement the Malaysian talent pool, providing variety and diversity in terms of expertise and experience. Our local pool must be enhanced with the best skills and talents that can be tapped globally.
We welcome talent to Malaysia, which offers a host of opportunities for talent to develop and enhance their skills and experience in key sectors of the economy. The Malaysian Government has rolled out various initiatives and programs to engage top foreign talent in the long term.
As I mentioned the Residence Pass (which offers a long term visa without being tied to 1 employer – for skilled professionals) program was signed in April of 2011 to attract and keep top talent in Malaysia. Since my original post the program is officially providing the new passes. However, at this time, it is limited to those expats already with a current visa and having been in Malaysia on such a visa for the last 3 years.
Obviously this is a very small percentage of the talent available globally. So the program will obviously need to expand to be more useful. But I don’t see any details on when that will happen. I have asked but have not received a response yet. Please share information you have that others would find interesting.
As I said before, I think this effort to attract, retain and encourage the development of internationally valuable talent is a very wise move by Malaysia. I have written about the importance of science and engineering to economic development on the Curious Cat Science and Engineering Blog for years: How to Build a World Class Technology Economy (2006) – The Economic Benefits of Engineering Excellence (2007) – Keeping Out Technology Workers is not a Good Economic Strategy (2009) – Science and Engineering in Global Economics (2006) – Asia: Rising Stars of Science and Engineering (2007).
Related: Penang Condo Market – Strong Singapore Dollar – Singapore Ranks Highly as an Expat Destination