It's easy to see why our country is suffering an acute haemorrhaging of young and talented professionals. From early 2008 to August 2009, more than 300,000 Malaysians have emigrated, with 40% opting for greener pastures in Singapore. This outflow is unlikely to slow down anytime soon.
In recent years, the government has introduced several measures to lure these professionals home. You might recall the “Returning Scientist Programme” launched in 1995 and abandoned three years later. It attracted only 93 researchers, scientists and engineers, 70 of whom were foreigners and only 23 were Malaysians.
This was followed by the “Returning Expert Programme” in 2001 which has attracted less than 600 returnees to date. Then there is the "Malaysia My Second Home" launched in 2004 as part of a brain-gain effort to attract foreign talents and high net worth individuals into the country.
All these initiatives have either flopped miserably or met with very limited success.
Source: The Star 5 Oct 2010
The latest is the Talent Corporation that is scheduled to begin operations in January 2011. A look at the incentives offered will give us an idea whether this progamme will work or will end up by the wayside like all its predecessors.
I quote from the New Straits Times 5 Oct.
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