July 30, 2019 - Source: The Borneo post

Malaysia retains position in Global Innovation Index 2019

KUALA LUMPUR: Malaysia retains its 35th position in the Global Innovation Index (GII) 2019 and remains among the middle-income economies that are bridging the innovation divide, supported by its first rank in indicators such as hightech net exports and creative goods exports.

Malaysia improves its rankings in four of the seven GII pillars: institutions (40th), infrastructure (42nd), business sophistication (36th), and creative outputs (44th), said a joint statement released by INSEAD, the World Intellectual Property Organisation (WIPO) and Cornell University.

“At the indicator level, the most significant improvements are in quality of universities, where Malaysia ranks 17th this year, and Gross Domestic Expenditure on research and development (GERD) performed by business, as well as GERD financed by business, where it takes the 25th and 16th positions, respectively.

“In several indicators, Malaysia ranks in the top 10; these include graduates in science and engineering (8th), university

At the indicator level, the most significant improvements are in quality of universities, where Malaysia ranks 17th this year, and Gross Domestic Expenditure on research and development (GERD) performed by business, as well as GERD financed by business, where it takes the 25th and 16th positions, respectively. INSEAD

industry research collaboration (8th), state of cluster development (8th), and several trade-related variables-such as high-tech imports and high-tech net exports and creative goods exports,” it said.

Co-published by INSEAD, WIPO, a specialised agency of the United Nations, and Cornell University, the GII is a leading benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world.

Singapore (8), the Republic of Korea (11), and Hong Kong, China (13) are the three top-ranked economies in the South East Asia, East Asia, and Oceania region. China is number 14 following a rapid rise up the ranks of the GII in recent years. Partly due to improved data coverage, Singapore moves to the 8th spot this year. It maintains leadership in institution-related indicators, while becoming world leader in, knowledge-intensive employment, and strategic alliances deals.

Vietnam (42, up three from GII 2018) and the Philippines (54, up 19 from GII 2018) make important progress this year. While some changes to the GII model explain some of the Philippines’ leap, newly available metrics give a more-thorough assessment of its innovative performance, which itself shows signs of progress. Both economies improve in most of the GII areas and gain top ranks in high-technology imports and exports.

KUCHING: Paessler AG, a leading provider of network monitoring solutions, has announced the opening of its key development hub in Kuala Lumpur Malaysia. This new centre of innovation is a core component of the company’s wider Asia Pacific (APAC) expansion plan to double the size of its team by 2020.

Based in Malaysia, the hub will serve over 5,500 existing customers (active license holders) and over 550 active partners in the region (including South East Asia, North West Asia and Australia and New Zealand).

The team is tasked with providing sales and technical support in a number of languages (such as English, Japanese, Mandarin, Korean and others) and across time zone – key hires include system engineers, technical support and business development roles.

Paessler’s director for the APAC region, George Wilson said, “After successfully expanding into the Americas, we are now ready to invest in APAC outside of Australia and New Zealand; starting with Malaysia and Japan as key anchor points for the region.

“Malaysia is a key international market for us and is home to a highly skilled workforce that embraces technology growth and innovation. Paessler will focus on tapping into this engineering talent for its development hub to fuel regional growth and continued momentum.”

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