RM50 million fund allocated for TVET 2.0 - Anwar

Malaysia is channeling up to RM50 million from the Skill Development Fund Corporation's (PTPK) High Impact Fund into its Technical and Vocational Education and Training (TVET) 2.0 initiative. Prime Minister Datuk Seri Anwar Ibrahim announced the allocation, stressing that its effective use hinges on robust collaboration between employers and the government. He highlighted that industry partnership is crucial to ensure training programs meet the actual needs of the job market, particularly in emerging technological fields. The allocated funds are earmarked for expanding training programs, enhancing industry exposure, and improving the quality of skills development. This move aims to equip the national workforce with the competencies required for both current and future market demands. Anwar also pointed out that the evolving technological landscape, including artificial intelligence, crypto, and other digital technologies, necessitates a faster adaptation within the national education system. The government is focusing on new fields, moving beyond conventional education and training approaches. The initiative also seeks to include tahfiz institutions and previously overlooked sectors to broaden opportunities for young Malaysians through TVET. The Prime Minister asserted that TVET now offers extensive and high-potential career paths, aligning with technological advancements that create new job opportunities.

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I reiterate that the government allows up to RM50 million from the PTPK High Impact Fund to be used for TVET 2.0. However, the condition is that employers and the industry must cooperate with the government, especially through the National TVET Council, for more effective coordination in realizing this agenda.