KUALA LUMPUR: The Ministry of Economic Affairs (MEA) has outlined several priorities for 2019 and it includes completion of the White Paper on the Federal Land Development Authority's (Felda) turnaround plan.
In a statement on Thursday, the ministry said it had also ensured that the government's commitment to Felda settlers is fullfilled by continuing to provide the living allowance assistance to them.
Other efforts taken by the ministry include its involvement, together with the Finance Ministry, in the recovery plan of Lembaga Tabung Haji to rebuild the iconic institution.
"In addition, we have begun to assess the position of Bank Pembangunan Malaysia Bhd and address the challenges within the institution.
"We have also started to prepare the post-2020 development framework to chart the direction of the nation's socioeconomic development in the longer-term, as well as review the existing planning processes and mechanisms to improve the development planning of Malaysia," it said.
The MEA said it would spearhead several socioeconomic studies on future challenges, including conducting a study on the fourth industrial revolution in preparing the country to face the future technological impacts that are expected to transform the people's lifestyles.
Established on May 12, 2018, the MEA assumes the role and functions of a central agency, previously held by the Economic Planning Unit, in the Prime Minister's Department.
Its functions in implementing and monitoring policies are supported by 32 agencies, including all the 13 state economic development corporations. - Bernama