KUALA LUMPUR (Oct 7): The Dewan Rakyat passed the 12th Malaysia Plan 2021-2025 without amendment on Thursday, after four days of debate and a winding-up session that spanned three days by the ministries.

Dewan Rakyat passes 12th Malaysia Plan by voice vote

The Institute for Democracy and Economic Affairs (IDEAS) has lauded the many aspects of the 12th Malaysia Plan (12MP) tabled by Prime Minister Datuk Seri Ismail Sabri Yaakob earlier on Monday, which include an expansionary fiscal approach, its focus on the people’s well being and unity, as well as on advancing sustainability.

IDEAS: Private-led growth should also be promoted under 12MP

The 12th Malaysia Plan (12MP) aims to position Malaysia as the ASEAN digital centre, given the country’s strong capability in cyber security solutions and digital content production.

12MP seeks to position Malaysia as ASEAN digital centre

The 12th Malaysia Plan (12MP), a roadmap for the country’s development from 2021 to 2025, has set a target annual gross domestic product (GDP) growth of between 4.5% and 5.5% for the five-year period.

12MP targets annual GDP growth of 4.5%-5.5%; GNI of RM57,882 by end-2025

In the 12th Malaysia Plan (12MP), priority will be given to improve national security and safeguard sovereignty in ensuring the nation remains peaceful and prosperous. Meanwhile, healthcare service delivery, provision of quality and liveable affordable houses will be improved.

According to the 12MP (2021-2025) report tabled in Parliament by Prime Minister Datuk Seri Ismail Sabri Yaakob on Monday, sports will be leveraged to build an active nation, while unity among the people will be enhanced. This is in line with the Shared Prosperity Vision 2030 and 2030 Agenda Pembangunan Mampan.

12MP: Strengthening national defence and security, well-being of the people

During the 11th Malaysia Plan (11MP), various efforts were implemented to raise income and uplift the well-being of the people. Ten selected targets were targeted in enhancing inclusiveness towards an equitable society and improving the well-being of all, but only one target was achieved, while four others recorded significant progress.

12MP: Addressing poverty, building inclusive society

The water sector will be restructured to enable it to be a significant contributor to national growth and wealth creation through the Water Sector Transformation 2040 (WST 2040), a 20-year agenda outlined in the 12th Malaysia Plan (12MP) report.

12MP: Water sector to be restructured via 20-year transformation agenda

True to expectations of higher public spending to rejuvenate and revitalise the economy post Covid-19, total development expenditure under the 12th Malaysia Plan (12MP) (2021-2025) is the country’s largest-ever at RM400 billion — 54% more than the RM260 billion originally allocated under the 11MP (2016-2020).

12MP: RM400b development expenditure, fiscal balance -3.5% to -3% of GDP in 2025

Putrajaya is exploring the possibility of introducing a dedicated tax to fund poverty alleviation programmes as part of efforts to transform its approach in eradicating hardcore poverty by 2025 while ensuring that all Malaysians enjoy a decent standard of living, according to the 12th Malaysia Plan (12MP).

12MP: Dedicated tax to fund poverty alleviation programme mulled

During the 11th Malaysia Plan (11MP), various efforts were implemented to accelerate development in Sabah and Sarawak. Despite these efforts, development imbalances persist. Key issues include gaps in the provision of infrastructure and services, limited access to social services, challenges in security and public safety, as well as lack of progress in inclusive development.

12MP: Enhancing socio-economic development in Sabah, Sarawak

During the 11th Malaysia Plan (11MP) period, Malaysia’s economy grew at an average annual rate of 2.7%, driven mainly by the services and manufacturing sectors. The local economy, however, was affected by external headwinds and a slowdown in the global economy, especially in 2020. The Covid-19 pandemic disrupted the global value chain and domestic economic activities.

12MP: Restoring growth momentum via five focused sectors

Malaysia will implement a low-carbon, clean and resilient development plan to achieve sustained socio-economic growth, according to the 12th Malaysia Plan (12MP) report.

12MP: Nation to implement low-carbon, clean and resilient development plan

Last year, Malaysia’s gross national income (GNI) per capita was US$10,111 (RM42,503) — 20.4% below the minimum threshold to achieve a high-income economy set by the World Bank at US$12,696 for 2020.

12MP: Malaysia’s 2020 GNI per capita 20% below the threshold of a high-income economy

KUALA LUMPUR (Sept 28): Minister at the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed has disputed claims by opposition leader Datuk Seri Anwar Ibrahim that the Economic Planning Unit (EPU) had paid over RM2 billion to consultants to complete the 12th Malaysia Plan (12MP) report.

Govt paid 'very small sum', not RM2b, to complete 12MP report, says Mustapa

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.

Senior leader under probe for suspected cronyism over supply projects

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

Thai foreign minister resigns after losing deputy PM post

RIYADH (April 28): Prime Minister Datuk Seri Anwar Ibrahi held a bilateral meeting with President Paul Kagame of Rwanda on the sidelines of the World Economic Forum (WEF) Special Meeting here on Sunday.

Anwar holds meeting with President of Rwanda

KUALA LUMPUR (April 28): Police have verified the arrest of Chegu Bard, also known as Badrul Hisham Shaharin, a member of Parti Pribumi Bersatu Malaysia's Information Committee, on Saturday (April 27), and are launching an investigation into his Facebook post regarding the purported opening of a casino in Forest City.

Police detain Chegu Bard, launch investigation into casino statement

CAIRO (April 28): Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED (US$34.85 billion), he said on Sunday in a post on X.

Dubai ruler approves new US$35 bil airport terminal

SHANGHAI/BEIJING (April 28): Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of full self-driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

Elon Musk visits China as Tesla seeks self-driving technology rollout

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.

MACC probes alleged luxury car buys in Germany with 1MDB funds

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

Anwar: Malaysia adopts a balanced foreign policy, stands clear of provocations

RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

Saudi Arabia's Vision 2030 projects to be adjusted as needed, finmin says

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

Abang Johari: Investors must deposit minimum RM2 mil to migrate to Sarawak

Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds

Companies Commission of Malaysia orders East West One Group’s trustee to freeze trust account funds

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

SHANGHAI/BEIJING (April 28): Tesla chief executive officer (CEO) Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of full self-driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.

Minister: Occupational Safety and Health (Amendment) Act 2022 comes into force on June 1

BANGKOK (April 28): Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday, facing a tough task to revive Southeast Asia's second-largest economy.

Former exec Pichai named as Thai finance minister, faces growth challenges

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.

KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.

Anwar on a mission to explore economic opportunities, attract new investments at WEF

SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj&nbsp;management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday. &nbsp;

Tabung Haji bore more than RM350m in assistance cost for this year's haj ops

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia&nbsp;on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.&nbsp;

World Economic Forum’s Special Meeting commences in Riyadh

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Water acts as stabiliser, catalyst for sustainable national development — Fadillah

RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

WASHINGTON (April 27): US&nbsp;President Joe Biden delivered an election-year roast on Saturday night at the annual White House Correspondents' Association dinner, as protesters outside criticised his support for Israel's war against Hamas.

Biden jabs Trump in election-year roast at correspondents' dinner

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.

CAIRO (April 28): Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED (US$34.85 billion), he said on Sunday in a post on X.

KUALA LUMPUR (April 28): Police have verified the arrest of Chegu Bard, also known as Badrul Hisham Shaharin, a member of Parti Pribumi Bersatu Malaysia's Information Committee, on Saturday (April 27), and are launching an investigation into his Facebook post regarding the purported opening of a casino in Forest City.

LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.

Russia says it destroyed 17 drones launched by Ukraine

BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.

12th Malaysia Plan

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