KUALA LUMPUR: The 12th Malaysia Plan (12MP) 2021-2025 which encompasses the first half of the Shared Prosperity Vision 2030 will bring the Keluarga Malaysia (Malaysian Family) forward by restructuring the economy as the foundation in improving the wellbeing of the rakyat.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the five-year development plan with the objective of 'A Prosperous, Inclusive, Sustainable Malaysia', aims to address current issues and at the same time to restart and rejuvenate Malaysia's socio-economic development for long-term sustainability and prosperity.
"The Twelfth Plan is a major agenda for national recovery to restore the economic stability of the rakyat as well as holistically regenerate and reinvigorate national economic growth.
"Despite Malaysia being in this difficult COVID-19 pandemic period, we, Keluarga Malaysia have an opportunity to reset the economy and together move forward."
He said this in the foreword of the 12MP document released by the Economic Planning Unit (EPU), today.
Ismail Sabri said the 12MP reflects the government's commitment to stay ahead of the curve and to plan its response in facing any possible situation.
The document was formulated based on a bottom-up approach where voices of all stakeholders have been given due consideration, he said.
Various engagements have been undertaken - both physically and virtually - throughout the process of preparing the 12MP involving ministries, agencies, state governments, Members of Parliament, the private sector, academia, civil society organisations, international organisations and the general public.
"I would like to express my sincere appreciation and gratitude to each and everyone involved for their commitment in providing invaluable input and suggestions, to ensure the country continues to develop in a sustainable manner while overcoming both the COVID-19 pandemic and economic crisis," he said.
The Prime Minister said resonating with the themes of the 12MP, by 2025, the government among others aim to restore the wellbeing and prosperity of the rakyat by increasing their purchasing power, narrowing existing socioeconomic disparities and ensuring environmental sustainability.
The role of the private sector as a driver of growth will also be further strengthened.
According to the Prime Minister, although there were multiple ways of doing things in the 12MP, the key success factors require that all parties embrace the principle of togetherness, leave comfort zones and move forward with a clear direction.
He said in today's unpredictable world, this Plan needed to be successfully executed with regular reviews and enhanced flexibility to respond, in line with the government's aspiration in ensuring that no one is left behind or neglected in development.
Ultimately, he said the success in implementation and achievement of the 12MP objectives and goals is highly dependent on the commitment of everyone, especially the youths, thus everyone was invited to work together to achieve this national development agenda based on the spirit of Keluarga Malaysia.
The 12MP tabled by the Prime Minister in the Dewan Rakyat today is anchored on three key themes, namely resetting the economy, strengthening security, wellbeing and inclusivity as well as advancing sustainability.
The achievement of these themes are supported by four catalytic policy enablers, namely developing future talent, accelerating technology adoption and innovation, enhancing connectivity and transport infrastructure as well as strengthening the public service.
The document contains 13 chapters namely strengthening macroeconomic fundamentals; restoring growth momentum; propelling the growth of strategic and high impact industries as well as micro, small and medium enterprises; strengthening security, wellbeing and inclusivity; enhancing defence, security, wellbeing and unity;
Addressing poverty and building an inclusive society; improving regional balance and inclusion; enhancing socioeconomic development in Sabah and Sarawak; advancing sustainability; advancing green growth for sustainability and resilience;
Enhancing energy sustainability and transforming the water sector; developing future talent; boosting digitalisation and advanced technology; enhancing the efficiency of transport and logistics infrastructure; strengthening public sector service delivery.
The national development priorities of the 12MP will continue to be aligned to the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development (2030 Agenda).
In line with the principle of 'leaving no one behind', localising SDGs initiatives will be intensified, and communication, education and public awareness (CEPA) will be emphasised to enhance understanding and implementation of the SDGs at the local level.
-- BERNAMA
Bernama
Mon Sep 27 2021
Ismail Sabri said the five-year development plan with the objective of 'A Prosperous, Inclusive, Sustainable Malaysia', aims to address current issues and at the same time to restart and rejuvenate Malaysia's socio-economic development. - Info Dept
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy
The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Economic outlook: Corruption and lack of accountability hinder economic progress
Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
National Wages Consultative Council will be strengthened
The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Economic outlook: Ensuring 11 years of compulsory education for all children
Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Consolidated public sector projected to record lower surplus of RM41.7 bil 2024
The MoF said the consolidated general government revenue is estimated to increase slightly to RM384.7 billion in 2024.
PM announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse
Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.