Connect with us


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


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 7 2 Collage 7 2
News8 hours ago

“We’re grateful for your support” – MBO Cinemas in PJ Mall Announces Sudden Closure Effective TODAY

Unfortunately, the COVID-19 virus has rendered some businesses to mellow down, including cinemas. Movie enthusiasts, however, will still rush to...

Collage 6 2 Collage 6 2
News15 hours ago

“I’ve killed her” – Man Turns Himself in to PDRM After Murdering His Wife Who Wanted a Divorce

Sometimes, not all connections are meant to last. What we shall do (as tough as it is) is to pick...

Collage 2024 06 21T104144.669 Collage 2024 06 21T104144.669
News15 hours ago

Study: Malaysia Scores 5.8/10 for Safety from the State in Human Rights

In a recent study, a global rights monitor found that Malaysians had less freedom to feel safe from their government,...

121212 121212
News1 day ago

Sultan Johor Sets Record with RM1.75M Bid for “FFF 1” Plate Number, Hopes to Benefit Rakyat!

On February 20th, His Majesty the King of Malaysia, Yang di-Pertuan Agong Sultan Ibrahim, made headlines by winning the bid...

My Post 1 2024 06 20T101046.427 My Post 1 2024 06 20T101046.427
News2 days ago

British Researchers Have Detected Signals That Could Lead to the Discovery of MH370

10 years after the disappearance of Malaysia Airlines flight MH370, new signs have popped up as British researchers detected signals...

My Post 1 2024 06 19T170718.079 My Post 1 2024 06 19T170718.079
News2 days ago

Pudu LRT Passengers had the Fright of Their Lives After Train Became Hot Due to Very Close Building on Fire

Imagine being on the LRT, like any other day, only for the LRT to suddenly be surrounded by heat and...

Collage 5 2 Collage 5 2
News2 days ago

Man in China Accidentally Kills Cheating Wife After Beating Her Buttocks for 20 Mins Straight With a Shoe

Man or woman, it’s never easy to deal with a cheating partner. Resorting to physical violence, however, is never an...

My Post 1 2024 06 19T162109.519 My Post 1 2024 06 19T162109.519
News2 days ago

Thai Medical Intern Uses Muay Thai Skills to Fight Off Drunk Nursing Assistant’s Assault

As women, we’re constantly told to sign up for and attend self-defence classes to be able to protect ourselves when...


Latest Videos