fbpx
Connect with us

News

PM: 12th Malaysia Plan To Project Nation Into Becoming High Income Country By 2025

Published

My Post 2021 09 27T165035.046
Source: Berita Harian & Nikkei Asia

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

The Rancangan Malaysia K-12 (RMK-12), also known as the 12th Malaysia Plan, was recently announced and targets four key goals to be achieved within five years, between the period of 2021 until 2025.

According to a report by Berita Harian, these goals could potentially project Malaysia into becoming a high-income country, so that the community can have a better quality of life and become a high-tech country by 2025.

Prime Minister, Datuk Seri Ismail Sabri Yaakob, shared that the first foal of the 12th Plan is to target Gross Domestic Product (GDP) growth of 4.5% to 5.5% per annum, during this period.

Rmk12 1

He also said that the government wants to increase the average household income to about RM10,000 a month by the same year.

“The third goal is to reduce the GDP per capita gap between the Central Region and Sabah to a ratio of 2.5. As for Sarawak, the target is set to be reduced to a ratio of 1.2 by 2025,”

“Fourthly, [we are targeting a] reduction in the intensity of greenhouse gas (GHG) emissions by 45% to GDP by 2030, based on the intensity of emissions in 2005, in line with the 2015 Paris Agreement,” he added.

Rmk12 3

Ismail Sabri stressed that the 12th Malaysia plan is a comprehensive development plan that will introduce several reforms to ensure sustainable economic growth, with a more equitable distribution of opportunities and outcomes.

Along with that, three themes, four policy catalysts and 14 drivers of change were introduced in the 12th Malaysia plan.

He also emphasised that the government took a nationwide approach involving all the resources and agencies of government, industry and society in a single mission to implement reforms.

Rmk12 2

“The purpose of these reforms is not to generate wealth for the country alone, but to address some of the challenges of economic structure, prepare the workforce of the future, improve the well-being of Malaysian families and bridge the development gap between regions,”

“It is also to ensure the implementation of more effective methods in delivering services to the people. God willing, with the implementation of these reforms, in 2025, Malaysia will be a high-income country and [Malaysians will] have a better quality of life. We also intend to make Malaysia a high-tech country,” he added.

What do you think about this? Let us know in the comment section.

 

Also read: Report: Poverty Rates Increase In Malaysia As 20% Of M40 Households Move Into B40

My Post 2021 09 22T101304.377

Source: Nikkei Asia

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 10 1 Collage 10 1
News2 hours ago

M’sian Courier Company Issues Apology After Viral Video Shows Van Driver Running Over Dog in Banting

A recent video circulating online shows a GD Express (GDEX) delivery driver making a routine delivery in a housing area...

Collage 9 1 Collage 9 1
News4 hours ago

34yo M’sian Found Dead After Allegedly Falling into a Water Container in His Home Bathroom

In recent news, a man was found dead after he was believed to have fallen into a water container in...

My Post 1 2024 11 13T105621.505 My Post 1 2024 11 13T105621.505
News4 hours ago

“They’ve amassed RM4.3mil” – Robbers Behind 44 Safe-Breaking Cases Shot Dead By PDRM at Jalan Imbi 

A group of Vietnamese nationals were shot dead at Jalan Imbi, Kuala Lumpur, at 11:30pm last night (November 12) during...

Feat Image Lhdn Evasion Feat Image Lhdn Evasion
News21 hours ago

Here’s How M’sians Can Anonymously Report Someone Who’s Evading Taxes to LHDN

Previously, we shared how Malaysian entrepreneur and influencer Cik Epal claimed that her ex-husband, Jofliam, who owns a pizza business,...

Collage 7 1 Collage 7 1
News22 hours ago

Mattel Apologises After Printing Error on ‘Wicked’ Movie-Themed Barbie Doll Packaging Links to Adult Site

Mattel’s new dolls have sparked controversy after a printing mistake was found on the packaging for the Wicked movie-themed dolls....

Collage 6 1 Collage 6 1
News22 hours ago

Defence Minister: Cadet Officer Who Burned Junior With Steam Iron Must Repay All Financial Aids, May Be Expelled

Recently, a second-year cadet officer at the Military Training Academy (ALK), National Defense University (UPNM), Sungai Besi, is believed to...

Collage 54 Collage 54
News23 hours ago

14yo Girl in Penang Gang Raped Before & After Suspects Brought Her to Watch an Illegal Rempit Race

A 14-year-old girl in Penang was gang raped on Sunday (November 10) after going out with a male friend whom...

My Post 1 2024 11 12T154219.939 My Post 1 2024 11 12T154219.939
News23 hours ago

PLUS Malaysia: Sinkhole Reported on NKVE Near Kota Damansara, Certain Lanes Have Been Closed

A sinkhole has reportedly opened up at the emergency lane of the New Klang Valley Expressway (NKVE) today (November 12)....

Announcement

Latest Videos



TRENDING TODAY