Employers Will Be Entitled To Tax Incentives Under TalentCorp and Cyberview’s Upcoming Internship Programme

Cyberview Sdn. Bhd. (Cyberview) has signed a Memorandum of Understanding (MoU) with Talent Corporation Malaysia Bhd (TalentCorp) to leverage on each other’s strengths, networks, and capabilities with the goal of cultivating a strong talent ecosystem in Cyberjaya and ultimately preparing Malaysia’s workforce for a digital future.

This strategic collaboration between both parties will include talent development and talent enhancement initiatives so that Malaysians are well-equipped to succeed in today’s fast-changing, technological world. The MoU aims to improve graduate marketability through greater academia and industry collaboration with the objective of preparing graduates to meet industry needs, as well as minimise private investments on talent reskilling and upskilling.

Najib Ibrahim, Managing Director of Cyberview, said, “We have come to a point where technology and digitisation are ubiquitous throughout every facet of our life. The pandemic is further catalysing digital transformation where businesses have had to speed up by 5.3 years, according to a global survey. However, market experts have pointed out that the ability to adapt to a digital future will depend on the talent, not just the technology.”

This collaboration is also in line with TalentCorp’s role as the premier agency under the Ministry of Human Resources (MOHR) mandated to attract, nurture, and retain the talent and expertise required for Malaysia’s economic growth.

TalentCorp’s Group Chief Executive Officer, Thomas Mathew explained that TalentCorp leverages its strategic partnerships with industry, Government, and academia to support the national agenda of Malaysia’s transformation into a talent hub. He added that TalentCorp was prepared to support the partnership with Cyberview through several mechanisms, including industry bridging, research-based insights, and the Critical Occupations List (COL).

Both companies will work together on a structured internship programme which provides a tax incentive to employers by entitling them to double deduction. The process of bringing in expatriates to set up base in Cyberjaya will also be streamlined with the roles of Cyberview’s Cyberjaya Investment and Services Centre (CISC) and TalentCorp’s Malaysia Expatriate Services Centre (MYXpats Centre) converging.

The Government has mandated Cyberview to catalyse Cyberjaya’s journey towards becoming a global tech hub. As the tech hub developer of Cyberjaya, Cyberview will focus on key initiatives to advance the development of Cyberjaya, including efforts to nurture talent. As testament to this, the new Cyberjaya masterplan was unveiled in 2020 to drive the growth of the smart city, where the city has been geographically divided into four zones.

One of the zones, West Cyberjaya is focused on cultivating talent and will serve as the centre to encourage industry-academia collaboration to produce skilled talent.

Najib Ibrahim concluded, “At Cyberview, we champion Cyberjaya as a vibrant Global Tech Hub and the centre of Malaysia’s tech innovations. Towards this end, we look forward to working closely with TalentCorp to strengthen Cyberjaya’s talent ecosystem, transforming this smart city and its communities into an innovation-based hub. This goal is in line with the government’s commitment to drive the Industrial Revolution 4.0 and spur economic growth

Investors and businesses who are interested in Cyberjaya’s innovative ecosystem and would like support in their talent acquisition as well as digital transformation journeys can contact the CISC at [email protected] or +603-8750 5170.

The CISC is a one-stop centre that provides facilitation on talent services, business services and location as well as expat services.

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