Highlights of Mr. Anwar’s speech while submitting the 12MP mid-term review

kuala lumpur: The following is one of the highlights of Prime Minister Datuk Seri Anwar Ibrahim’s speech while presenting the motion on the 12th Malaysia Plan 2021-2025 Mid-term Review (12MP MTR) at Dewan Rakyat today.

*12MP MTR’s theme is “Malaysia Tidani: Sustainable, Prosperous, High Income”.

*12MP MTR supports the government’s efforts to plan and implement a sustainable national development agenda in line with the aspirations of Malaysia Madani, Economy Madani: Memperkasa Rakyat Framework and Sustainable Development Agenda 2030 .

*12MP will be recalibrated in line with the Economy Madani Vision, which aims to empower and revitalize the national economy over a 10-year period.

*The government has committed to spending at least RM90 billion annually under 12MP from 2023 to 2025.

*The government will fully disburse the RM400 billion allocation with RM12 million and raise the cap by RM15 billion, bringing the total to RM415 billion.

*This increase is aimed at meeting the rakyat’s financing needs for priority areas, improving management standards and retargeting subsidies to meet people’s basic needs.

*A social innovation policy is scheduled to start in November this year to promote innovation at the grassroots level.

*The government will formulate a policy banning the export of rare earth raw materials in order to prevent resource exploitation and loss, and ensure maximum benefits for the country.

*The government aims for Malaysia to become a leader in the international halal market with halal exports reaching RM63.1 billion in 2025.

*Malaysia will host the 15th International Conference on Islamic Economics and Finance (ICIEF2023) in Kuala Lumpur in December to discuss issues in Malaysia’s efforts to pioneer the strengthening of inclusive Islamic financial system practices.

*The government is providing RM346 million in funding during the 12MP period to attract youth participation in creative activities that generate high incomes.

– The government will provide RM60 million in second-chance financing to small and medium-sized enterprises (SMEs) and innovative entrepreneurs in the manufacturing and services sectors.

*Geography-based smart industries will be emphasized, such as the Air Manis Plantation Project in Kulai, Johor and the Biopolymer Park Project in Kerti, Terengganu.

*The government has approved an allocation of RM1.1 billion for the period 2023-2025 in an effort to strengthen security and reap the benefits of cross-border economic development.

*The government is determined to reduce the income disparity ratio between rural and urban areas from 0.57 in 2022 to 0.67 in 2025.

*Focus will remain on the development of Sabah and Sarawak.

*A project on renewable energy (RE) development and upgrading of electricity supply system in Gugusan Felda Sahbat Sabah will be implemented at a cost of RM195 million.

*Further projects related to the rehabilitation of dilapidated school buildings will be implemented in Sabah and Sarawak. So far, 64 projects have been implemented in Sarawak and 43 in Sabah.

*A regional blood center will be built in Sabah, and a public health laboratory and food safety and quality laboratory will be built in Kuching, Sarawak.

*A total of RM1.5 billion was approved this year for the activation of programs and projects that generate income for targeted groups to eradicate extreme poverty.

*The government will strengthen the provision of social security to the people through the social security reform under consideration.

*Cash assistance and Rama programs will be continued and improved to ensure continuous upgrading of the social security network.

*The Bumiputera Economic Conference will be held in January 2024 to define the direction and new approaches to the Bumiputera agenda that are more fair, just and inclusive.

*The Companies Act 2016 and the Limited Liability Partnerships Act 2012 in relation to declaration of beneficial ownership are being reviewed to enhance transparency regarding share ownership.

*The Waqaf Fund will be established in cooperation with Yayasan Waqaf Madani related institutions as a new approach to Islamic economic development.

*The National Youth Economic Empowerment Plan will be launched, focusing on increasing the marketability of unemployed youth and those engaged in the informal labor sector.

*1,200 aging clinics across the country will be renovated from 2023 to 2025.

*The government has agreed to establish a mental health institute to tackle mental health issues of greater concern.

*The Madani Inclusive Housing Pioneer Project will be developed for targeted groups in the major cities of Kuala Lumpur, Selangor and Penang.

*RM40 million will be allocated to registered regional sports associations to organize sporting events to enhance unity and build active and healthy communities.

* Strengthen necessary support such as improving facilities to encourage women to continue working or return to the workplace, providing childcare and financial incentives, and flexible working hours.

*Information about PwD job seekers will be integrated into the MyFutureJobs portal to improve standard operating procedures for PwD employment in the civil service.

*Digital Education Policy (DEP) will be launched to develop students with digital skills for the 4.0 Industrial Revolution (4IR) era.

*The government will allocate a special fund of RM209 million to help youth enter the manufacturing industry through the Academy in Industry (AiI) initiative.

*By the end of 12MP, it is targeted that 50,000 young people will have access to skilled jobs using the Malaysian Skills Certificate.

*The Government agrees to strengthen defense preparedness through the acquisition of additional assets such as armored vehicles, unmanned aerial vehicles, coastal mission ships, helicopters, and light combat aircraft.

*The government plans to amend the current law to increase its effectiveness in combating cybercriminal activities.

*The government will enact a climate change law that will regulate the implementation of efforts to fulfill national climate change responsibilities.

*We will review laws related to water source pollution and water utilities to ensure appropriate punishment for irresponsible persons.

*A National Center for Geological Hazards will be established by the end of this year to monitor the effectiveness of early warning systems against disasters.

*Special efforts will be increased to protect the increasingly threatened Malayan tiger (panthera tigris jacksoni) species.

*Environmental, social and governance (ESG) principles, including policy and regulatory frameworks and support services, will be developed to encourage companies to adopt sustainable business practices.

*Electricity, diesel and petrol subsidies and other social assistance will be restructured with the government prioritizing the needs of the disadvantaged.

*The Public Sector Governance Act and Integrity Plan will be introduced as a guide for corruption-free governance for all organizations in the public and private sectors.

*The government aims for Malaysia to be ranked in the top 25 on the global corruption perception index within 10 years.

*Pioneering use of National Digital Identity (NDI) for secure and protected identity verification is scheduled to begin in 2025.

*A special monitoring committee on 12MP MTR will be established to monitor the implementation of the 12MP MTR policy. – Bernama

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