Dissecting the 12th Malaysia Plan

Manokaran Mottain: “We need to move the economy away from low-cost manufacturing to produce higher value-added products which would reduce the dependency on foreign workers.”

THE unveiling of the ambitious 12th Malaysia plan (12MP) filled the week with some optimism over the economic development of the country after the global economy faced a recession last year due to the Covid-19 pandemic.

Many economists and industry players in the country welcomed the long-waited five-year plan, which has allocated an historic RM400bil for government spending over the next four years.