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Malaysia

Initial findings from the implementation of the 'Practical Guide for Measuring Retail Payment Costs'

Holti Banka's picture

MoMo Tap in Côte d'Ivoire
In November 2016, we published the “Practical Guide for Measuring Retail Payment Costs”, an innovative methodology that can be customized to country needs and circumstances, without losing the international comparative dimension.

The guide enables countries to measure the costs associated with retail payment instruments, based on survey data, for the payment end users, payment service/infrastructure providers, and the total economy. The guide also enables countries to derive projected savings in shifting from the more costly to the less costly payment instruments.
 

Paving the Way for a Thriving Digital Economy in Indonesia

Petra Wiyakti Bodrogini's picture



Across the digital economy in Indonesia, both IT giants and smaller companies have the same complain: digital talents are hard to find. Obert Hoseanto, an Engagement Manager from Microsoft Indonesia, said the company recently contracted only five people for an internship program, out of a pool of hundreds of applicants.

But those applying for jobs are also struggling, with many realizing the difficulties of meeting the needs of their employers. Natali Ardianto is learning the ropes at tiket.com, a thriving start-up, “by doing”, he said. “Only 30% of the curriculum of my education was useful for the company I joined,” he explained.

A recent workshop held by the Coordinating Ministry of Economic Affairs and supported by the World Bank strived to develop a better understanding of this skills gap, by bringing in insights from the private sector, education experts, and global practitioners.

Five lessons in infrastructure pricing from East Asia and Pacific

Melania Lotti's picture
Photo: © Dini Sari Djalal/World Bank

In the infrastructure domain, “price” is a prism with many façades.
 
An infrastructure economist sees price in graphic terms: the coordinates of a point where demand and supply curves intersect.
 
For governments, price relates to budget lines, as part of public spending to develop infrastructure networks.
 
Utility managers view price as a decision: the amount to charge for each unit of service in order to recover the costs of production and (possibly) earn a profit.
 
But for most people, price comes with simple question: how much is the tariff I have to pay for the service, and can I afford it?

The World Bank as hummingbird: Leveraging knowledge for development finance

Otaviano Canuto's picture



My admiration for hummingbirds began in my native Brazil.   The hummingbird’s flight patterns may seem a mystery as they shift from one flower to the next.  But hummingbirds are immensely purposeful, agile, and proficient pollinators – among the most hard-working members of many thriving ecosystems.  And they can be found from Alaska to the southernmost regions of South America.  
 
The Bank’s efforts to transfer knowledge, germinate ideas, and catalyze change sometimes put me in mind of the hard-working hummingbird.  My visit to the World Bank’s Global Knowledge and Research Hub in Malaysia last year is a case in point.  As I learned about the Bank’s partnership with Malaysia and the origins of the Hub, I was struck by the broader relevance for our work with upper middle-income countries, and our efforts to share global lessons and leverage knowledge to maximize financing for development.  The visit sparked three main observations.  

To unlock student potential in East Asia Pacific, be demanding and supportive of teachers

Michael Crawford's picture

Among the 29 countries and economies of the East Asia and Pacific region, one finds some of the world’s most successful education systems. Seven out of the top 10 highest average scorers on internationally comparable tests such as PISA and TIMSS are from the region, with Japan, Republic of Korea, Singapore, and Hong Kong (China) consistently among the best. 

But, more significantly, one also finds that great performance is not limited to school systems in the region’s high-income countries. School systems in middle-income Vietnam and China (specifically the provinces of Beijing, Shanghai, Jiangsu, and Guangdong) score better than the average OECD country, despite having much lower GDP per capita. What is more, scores from both China and Vietnam show that poor students are not being left behind. Students from the second-lowest income quintile score better than the average OECD student, and even the very poorest test takers outscore students from some wealthy countries. As the graph below shows, however, other countries in the region have yet to achieve similar results.

Disability inclusion - ensuring equal access to urban opportunities for all

Sameh Wahba's picture
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What will the world look like in 2050?

What we know is that nearly 70% of the world’s population will live in cities.
 
What we want, as envisioned through Sustainable Development Goal 11 (SDG11), is that future cities are inclusive, safe, resilient, and sustainable for all – including over one billion persons with disabilities.
 
In keeping with SDG11, the New Urban Agenda is striving to ensure that future cities, towns and basic urban infrastructures and services are more environmentally accessible, user-friendly, and inclusive of all people’s needs, including persons with disabilities.
 
[Immersive story: 3 Big Ideas to Achieve Sustainable Cities and Communities]
 
Cities need to be designed in a way that facilitates access for persons with disabilities to buildings and services, and increases their opportunities for economic participation and activity.


The need for disability-inclusive urban development cities was emphasized at the Ninth World Urban Forum (WUF9), held in Kuala Lumpur, Malaysia, in February 2018. Throughout the seven-day conference, participants from around the world highlighted, among other themes, the importance of the inclusion of persons with disabilities in urban development.
 
In this video, Charlotte McClain-Nhlapo (@McNhlapo), the World Bank’s Global Advisor for Disability Inclusion, interviews World Bank Director for Urban and Territorial Development and Disaster Risk Management, Sameh Wahba (@SamehNWahba) on his reflections on the outcomes of WUF9.
 
In the interview, Sameh emphasizes the importance of “ensuring access for all, not just in the sense of access to transport and infrastructure, but also in the sense of creating opportunities for all, in particular for persons with disabilities.” 

Sustainable Development Goals and the role of Islamic finance

Abayomi Alawode's picture
 bigstock/joyfull
Malaysia is home to a vibrant Islamic banking sector. Islamic finance has grown rapidly in the past two decades and it now stands as a potential contributor in supporting the Sustainable Development Goals. Photo: bigstock/joyful

Islamic finance has the potential to play a crucial role in supporting the implementation of the Sustainable Development Goals (SDGs). In the face of significant financing needs for the SDGs, Islamic finance has untapped potential as a substantial and non-traditional source of financing for the SDGs.

The growth of Islamic finance has been rapid at 10-12% annually over the past two decades. By 2015, the industry had surpassed US$1.88 trillion in size. Islamic finance has emerged as an effective tool for financing development worldwide, including in non-Muslim countries, and may prove to be an important contributor towards realizing the SDGs. 

The Third Annual Symposium on Islamic Finance was held in Kuala Lumpur in November 2017, co-organized by the World Bank Group, Islamic Development Bank, International Center for Education in Islamic Finance (INCEIF) and Guidance Financial Group to explore the potential contributions that Islamic Finance can make to achieving the SDGs.

UN-Habitat Executive Director: Let’s work together to implement the New Urban Agenda

Sameh Wahba's picture
During the Ninth Session of the World Urban Forum (WUF9) in Kuala Lumpur, Malaysia, the World Bank delegation met with Maimunah Mohd Sharif, Executive Director of the United Nations Human Settlements Program (UN-Habitat).

Ms. Sharif became the Executive UN-Habitat in December 2017, succeeding Joan Clos of Spain. She was previously Mayor of the City Council of Penang Island, Malaysia, where she led the Municipal Council of Seberang Perai to achieve its vision of a “cleaner, greener, safer and healthier place to work, live, invest and play.”

In 2011, Ms. Sharif was the first woman to be appointed president of the Municipal Council of Seberang Perai, where she collaborated with the World Bank on urban development projects.

Under Ms. Sharif’s leadership, UN-Habitat has focused WUF9’s theme on “Cities 2030, Cities for all: Implementing the New Urban Agenda” as a tool and accelerator for achieving Agenda 2030 and the Sustainable Development Goals.

Watch a video blog of UN-Habitat Executive Director Maimunah Mohd Sharif (@MaimunahSharif) and World Bank Director Sameh Wahba (@SamehNWahba) where they discuss the importance of collaboration and partnership for achieving the Sustainable Development Goals.
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E-justice: does electronic court reporting improve court performance?

Georgia Harley's picture


More and more courts are going digital. But does this improve judicial performance?
 
Legal literature on ‘e-justice’ seems to think so. So too does the World Development Report, ‘Digital Dividends,’ which highlights the potential for ICT to improve the transparency and quality of government service delivery.
 
As electronic court reporting is one key aspect of this trend, we want to take the opportunity to look at the pros and cons of improving judicial performance in different contexts.

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