10th Malaysia Plan

10th Malaysia Plan

Transforming Malaysia towards High-Income and High-Productivity Economy

The 10th Malaysia Plan (MP) which was tabled on June 10, 2010 by Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak incorporates initiatives in the New Model of Economic (NME) and Government Transformation Programme (GTP). The plan is a gear in transforming Malaysia towards becoming high-income and high-productivity economy as well as realising the Vision 2020.

The five-year plan (2011-2015) with a total allocation of RM230 billion has put a major portion on economic sector (RM126 billion or 55 per cent), while the rest is for the social sector (RM69 billion or 30 per cent), security sector (RM23 billion or 10 per cent) and general administration (11.5 billion or five per cent).

The key target in the 10th MP is to increase gross per capita income to RM38,850 in 2015 and this requires achieving a real domestic products growth rate of six per cent per annum. To enable this, private sector will be fuelled as economic growth leaders while agriculture will be revitalised to add higher value to goods as well as adopting biotechnology, information communication technology and other relevant technologies.

Towards transforming a high value services and productivity, the 10th MP has allocated 40 per cent for non-physical infrastructure compared to only 21.8 per cent in the 9th MP. The non-physical infrastructure includes the development of high-quality human capital especially in improving skills and knowledge.

The 10th MP has outlined five strategic trusts. The first trust is to design Government philosophy and approach to transform Malaysia through the National Key Result Areas (NKRA). The second trust is to create conducive environment for unleashing economic growth, while the third is to move towards inclusive socio-economic development. Whereas, the fourth is to develop and retaining a First World talent base and the fifth is to build an environment that enhances quality of life.

The plan, which carries the theme ‘Towards Economic Prosperity and Social Justice’, will make Malaysia a competitive corporation internationally. In the era of globalisation and liberalisation, Malaysia can no longer depends on the low-cost structure and have to be relevant in order to compete with countries such as China, India, Brazil, Russia, the Middle East and countries in the region who have also intensified the competition for trade and investment.

Comments

Post a Comment

Popular posts from this blog

Tunku Abdul Rahman speech at the 1st Muslim Summit 1969

Image
MUSLIM  SUMMIT AT RABAT Below is the speech text by the First Prime Minister of Malaysia, Tunku Abdul Rahman Putra Al-Haj at the First Muslim Summit at Rabat, Maghribi (Morocco) from September 22-24, 1969. Through this summit, the 25 Islamic country leaders that attended the summit voluntarily agreed  to establish Organizations of the Islamic Conference (OIC) on 25 September 1969. Your Majesties, Your Excellencies: I must begin by expressing first of all my profound gratitude to His Majesty King Hassan II for the invitation he has so graciously extended to hold this Muslim Summit Conference here in his lovely Capital City of Rabat.  The warmth of the reception we have received and the arrangements made for our comfort have been so well arranged. Tunku and King Hassan 11, Rabat 25 Sept. 1969 (Foto: Arkib Negara) I am grateful to Almighty God from the bottom of my heart that it has been possible for us to meet together.  This unique gathering of ...
Read more

RUKUN NEGARA (ENGLISH)

Image
Rukun Negara or the Pillars of the Country was declared on August 31, 1970 in conjunction with the 13 th Independence Day celebration. It was introduced following the May 13, 1969 incident that weakened the unity among the races in Malaysia. The purpose behind the formulation of the Rukun Negara was to shape strong and lasting unity between the different races in Malaysia. The principles found in it are clearly the key ingredient for national and racial harmony and unity hence ensuring success and stability for the country. Say your Rukun Negara in English. OUR NATION MALAYSIA  is dedicated to: ·        Achieving a greater unity for her people; ·        Maintaining a democratic way of life; ·        Creating a just society in which the wealth of the nation shall be equitably distributed; ·        Ensuring a liberal approach to her rich and div...
Read more

Bersedia untuk gempa bumi

Gempa bumi adalah salah satu daripada fenomena alam yang paling menggerunkan dan mengakibatkan kemusnahan. Ini adalah kerana kejadiannya tanpa amaran, menakutkan ramai penduduk dan menjadikan mereka kurang bijak serta berkelakuan yang boleh memudaratkan. Memandangkan pengetahuan dan persediaan merupakan kunci kepada keselamatan semasa dan selepas sebarang bencana, anda harus mengambil langkah-langkah perlu supaya sentiasa bermaklumat. Adalah penting bahawa penduduk yang tinggal di kawasan-kawasan mudah dilanda gempa bumi mengambil beberapa langkah berwaspada dan tahu apa yang perlu dilakukan apabila berlaku gempa bumi susulan. Adalah tidak pasti bahawa dengan adanya persediaan dan mengetahui apa yang perlu dilakukan boleh menyelamatkan nyawa, mengurangkan kecederaan dan meminimumkan kerosakan harta-benda. Tambahan lagi penduduk yang tahu apa yang perlu dilakukan semasa gempa bumi akan lebih bersikap tenang dan pengetahuan tersebut bermanfaat baginya. Kesedaran adalah langkah perta...
Read more