Friday, September 11, 2015

Intellectual property as new source of wealth

Malaysia must work harder to make intellectual property its new source of wealth, said Prime Minister Datuk Seri Najib Tun Razak.

“We must double our efforts to boost the non-traditional economic activities. As a high income nation, we need to ensure our economy remains competitive and, to do so, we must look at growth that is based on intangible assets,” said Najib.

Having this in mind would encourage people to explore their own ingenuity and creativity to churn out creations of high commercial value, he said at the National Intellectual Property 2015 award presentation at the Putra World Trade Centre.

This, he said, was also in line with the Government’s aspiration to ensure Malaysia continued to be com­petitive and, in order to do so, intellectual property could be used as the country’s new wealth creation.

The Prime Minister said Malay­sians should emulate countries which had successfully created new wealth through innovative creations, citing South Korea as an example of a nation which had successfully done this.

He said South Korea’s success was not only limited to intellectual property related to technology and telecommunications but also in the creative industry through films and the phenomenal K-pop.

The Prime Minister said that as a diverse nation, Malaysia too should further boost its export on arts, culture and creative works. - The Star

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