Malaysian youths exhorted to keep abreast of digitalisation

Yayasan Peneraju Pendidikan Bumiputera (Yayasan Peneraju) CEO Mohd Muzzammil Ismail said this applies especially to Bumiputeras who will need the right knowledge and skills in technology to have the competitive edge in securing jobs during the pandemic.  

“With the increasing number of unemployed graduates year on year as the requirements of employers have changed, and automation has taken the job of humans, nobody can be sure of what the future will hold for the millennials and future graduates. 

“Scholars should be prepared to face the fact that the jobs they want may not exist in the future, and they need to reskill and have learning agility to change and be responsive to the changes,” he said. 

He added that Malaysia faces a shortage of CFAs and FRMs, with only 800 registered CFA charterholders and 93 certified FRM registered, of which, Bumiputeras numbered only 115 and 15, respectively. 

“Yayasan Peneraju has always emphasised on producing future ready generations so that these talents can contribute towards alleviating the socio-economic woes of our nation,” he said at the 2021 Peneraju Profesional Finance, Banking and Investment (FBI) Virtual Forum. 

Yayasan Peneraju is an agency under the Prime Minister’s Department set up to increase the quality, quantity and relevance of Bumiputera talents in a high-income economy through academic, vocational, professional and specialist certification programmes. 

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Since it was established nine years ago, the agency has developed over 35,000 young human capital in various fields through 261 funding programmes worth RM716 million (US$177 million). 

The FBI virtual forum was attended by more than 400 participants, including the foundation’s existing scholars and new intakes for the Peneraju Profesional Chartered Financial Analysts (CFA) and Peneraju Profesional Financial Risk Managers (FRM) programmes, according to Bernama.