KUALA LUMPUR: The government is planning to revise the Statistics Act 1965 in the Dewan Rakyat in July 2024 to increase the Department of Statistics M...
: The government is planning to revise the Statistics Act 1965 in the Dewan Rakyat in July 2024 to increase the Department of Statistics Malaysia’s role in strengthening the country’s statistical landscape.
“This initiative represents a shift towards encouraging innovation and improving the standard of decision-making for the existing NSS,” he said in his keynote speech at the launch of the 10th Malaysian Statistics Conference, here today. “In the 1980s, the country began to use a real-time series system for data collection to ensure GDP was released more quickly and accurately. In 1993, to help improve the accuracy of economic data and understanding of the country’s economic structure, Malaysia began compiling GDP based on the System of National Accounts 1968.
Although GDP is a well-known and significant economic indicator, it cannot tell the social situation of the people in a country and the readiness of a country to face threats, Mohd Uzir explained.
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