SEMENYIH: The Nottingham Economic Society (NES) organised an Industrial Talk on Wednesday, the 30th of December. The event started at 2:15 pm at F3A04. It was considered to be the first event of its kind. High-profile figures were invited to talk about the Malaysian economy outlook and future career prospects in economics and finance. The event was open to all UNMC students.
Many attendees joined in for the talk, most of which were from outside a business or economics background. The opening speech was given by Prof. Lee Chew Ging, Dean of the Faculty of Arts and Social Sciences (FASS).
There were three invited speakers. The first was Dr Julio E. Revilla, lead economist of the World Bank based in Malaysia. The second speaker was Dr Muhammad Abdul Khalid, former research director of Khazanah Research Institute. The final speaker was Mr Nurhisham Hussein, head of the economics department for the Employees Provident Fund (EPF). Each speaker gave about thirty to forty minutes of presentation.
From right to left: Dr Nurhisham Hussein, Dr Muhammad Abdul Khalid and Dr Julio Revilla
To summarise some of the economic analysis presented in the Industrial Talk, global economic growth is predicted to be sluggish for the years to come. It was also said that Malaysia’s growth is above 4%, which is higher than most countries in the world. However, depressed energy prices, particularly crude oil, is slowing economic growth.
The presentation included many graphs and diagrams.
In addition, each speaker presented what work life was about in their respective institutions. The World Bank, for instance, is a global development institution which hires graduates from multiple disciplines while the EPF is for those who enjoy working with statistics and data manipulation.
When all speakers had made their presentations, the organisers opened a Q&A session for the audience to ask questions directly to the speakers in a panel. Among the issues raised were the effect of demonetization in India, the demographic crisis in Japan, Malaysia’s brain drain problem and the generational gap in terms of wage rate.
The audience was well-invested in the speakers’ discussion.
The response of the audience was mostly encouraging, stating that they learnt a lot from the event. Others were very satisfied with the opportunity to connect with the speakers as a means to build their professional networks.
Students, lecturers and invited speakers socialise after the talk.
The event ended at 4:40 when the guests were awarded gifts as a token of appreciation. The attendees then proceeded for tea and light snacks in Central Teaching 3.
By Ahmad F. Affendy
Photographs by Nottingham Economic Society.