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(bright music)

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<v ->We must be able to attract foreign investment</v>

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and convince our domestic players

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to have full trust and confidence.

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That's why we have focused on TVETs

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and upskilling in a major way.

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<v ->There was such a clear call to action</v>

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by the Prime Minister.

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It is one thing to raise the ceiling and bring in investors

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and get companies, local and foreign, to create jobs.

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But we need to have workers who can fill these jobs

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and workers need to be of sufficient skill.

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<v ->I think raising the floor</v>

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is all about resetting Malaysia's economic vision,

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underpinned by our strategic confluence

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in terms of where we are located within Asia,

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our strong industrial base,

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as well as our diverse population.

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And the Ekonomi MADANI is all about embracing growth.

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GIFT is essentially a initiative within

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the Ekonomi MADANI framework, and together with BCG,

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Khazanah embarked at looking at how we can do more

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in terms of whatever we've been doing

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within upskilling and reskilling space.

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<v ->GIFT's initial focus is on a segment</v>

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of students in the TVET program, the Technical, Education,

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Vocational Training program.

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Here, we find that many

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of them are underemployed for two reasons.

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One, there is some societal stigma

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about students in this program.

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And second, while they are trained technically,

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they lack some soft skills, some higher order skills

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to function in these higher value added jobs.

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<v ->Two or three things came up, right?</v>

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One was about communication, but it's also the skills

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that go beyond communication

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in terms of presentation skills,

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persuasion, convincing stakeholders, and things like this.

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Secondly, it's on problem solving, and lastly,

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but, you know, not least important would be, you know,

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making sure that the students are ready for a digital world.

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<v ->And to that end, we built three engines.</v>

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First is the skilling engine.

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We recognize the lack of the soft skills,

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the higher order skills of analysis

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and problem-solving and communications

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to make the students more job-ready

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on top of the technical skills they had.

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The second was a matching engine

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to really allow industry to better collaborate

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with the institutions in having projects

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that could train the students to be job-ready.

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And third, a funding engine where private sector,

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where government can both work together hand in hand

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to ensure the sustainability of a program such as this.

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<v ->As we speak, we are building more potential employees,</v>

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means that we are engaging more employees

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to take these students.

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But how could then the system take it on among themselves

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to then run with the intervention that we do

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so that they can then affect more students,

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right, in the longer run.

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<v ->And this is where I think the journey continues.</v>

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We did not just go straight into upskilling students.

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We thought about the entire ecosystem

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because we wanted to create a solution at scale.

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This is a Prime Minister initiative,

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but it's actually a whole of country effort

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because Ministry of Higher Education, Ministry of Finance,

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Ministry of Human Resources, they were all involved

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and very important stakeholders

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in this journey of bringing GIFT to life

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and making a gift back to the ecosystem.

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(bright music)