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Friday June 11, 2010
After months of anticipation, the 10th Malaysia Plan (10MP) has been launched to propel the country towards becoming a high-income and high-productivity economy.
Gross national income per capita must increase to RM38,850 (US$12,140) by 2015. This requires achieving real GDP growth of 6% per annum.
Five strategic thrusts have been identified under the 10MP, which was tabled by Prime Minister Datuk Seri Najib Tun Razak at the Dewan Rakyat yesterday:
Designing Government philosophy and approach to transform Malaysia through the National Key Results Areas
> Implementing transformational measures, at the same time pursuing a social justice agenda
> The measures include the 1Malaysia concept, the Government Transformation Programme and the Economic Transformation Programme
Creating a conducive environment for unleashing economic growth
> Strategies based on specialisation are to be adopted, focusing on 12 national key economic areas
> Smart partnerships between the public and private sectors to drive the economic transformation agenda
Moving towards inclusive socio-economic development
> A high-level council led by the PM will see to the development of the bumiputra agenda.
> Those who are most economically vulnerable will continue to be given assistance to mitigate the impact of any subsidy reduction on their cost of living.
Developing and retaining a First World talent base
> A Talent Corporation will be established to attract and retain necessary skilled human capital
> Starting potential talents young by lowering the entry age of formal schooling from six years to five
Building an environment that enhances quality of life
> Ensuring a higher quality of life in urban areas with better public transportation systems and affordable housing
> Rural settlements will be streamlined to support an expanding urban-based economy and ensuring improved delivery of public services to rural areas
> More stories on the 10th Malaysia Plan
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