KUALA LUMPUR - Prime Minister Datuk Seri Anwar Ibrahim has launched the "investED" capital market initiative to enhance graduates' employability and establish sustainable talent pipelines.
Anwar, who is also the Finance Minister, said that the initiative is expected to overcome the shortage of skilled workers in the capital market.
It marks the first collaboration between the Securities Commission of Malaysia (SC), Ministry of Finance, Ministry of Higher Education, Bursa Malaysia, and key participants from the capital market industry.
The initiative has been allocated a budget of RM30 million from the Capital Market Development Fund (CMDF).
"This programme can certainly open up better job opportunities for graduates.
"9,000 students will reap the benefit of exposure to job opportunities in the capital market industry with 600 people guaranteed employment within three years," he said at the InvestED Launch Ceremony today.
Anwar emphasised the importance of industry players collaborating with universities to increase the program's impact and reach more beneficiaries.
He hopes that this initiative will ensure that students from underprivileged backgrounds can access improved job opportunities, aligning with the goals of Madani Malaysia.
Meanwhile, SC Chairman Datuk Seri Dr Awang Adek Hussin stressed that investment in education and talent development is a key focus for the agency.
Acknowledging the high turnover rate of talent, particularly in industries like the capital market, he emphasized the significance of talent development.
"The "investED" program aims to bridge the gap between graduates' skills and industry requirements, thus enhancing their marketability.
"Overall, the launch of the "investED" initiative demonstrates the government's commitment to addressing the skill gap in the capital market industry, fostering better employment prospects for graduates, and promoting inclusive opportunities for students from all backgrounds," he said.