Two main approaches outlined for the revision of the 11th Malaysia plan: Azmin

MALACCA: The Ministry of Economic Affairs, Malaysia, outlines two main approaches to reviewing the 11th Malaysia Plan (RMK-11) to be presented to Parliament on 18 October.

His minister Datuk Seri Mohamed Azmin Ali (Pix) said the approaches should deliver the progress report in the first two years of the country under the Pakatani Harapan (PH) government; and the direction and policy of the country's economy based on the PH manifest.

"The Cabinet agrees that the Ministry presents the" Half-Term Review "(KSP) with the two approaches.

"The presentation of KSP is unique this time because not only the economic performance of the country in the first five years are presented, but the RMK-11 is a new PH government formed after 11 May," he said after the sixth retreat session a media conference. in conjunction with the 24th meeting of the conference on the growth of the triangle of Indonesia, Malaysia and Thailand (IMT-GT) in Bandar Hilir, here today.

Also present were Malacha, Chief Minister, Adly Zahari, Indonesian coordinating Minister of Economic Affairs, Darmin Nasution and Thai Transport Minister, Arkhom Termpittayapaisith.

Mohamed Azmin, who is also the Member of Gombak, said that the approaches were examined in detail by the economic planning unit that would be submitted in the RMK-11 KSP this time.

In the meantime, he said he was confident that close cooperation between the IMT-GT member states would be able to skip missions, especially when confronted with the upcoming challenges of the Industrial Revolution 4.0.

He said that Malaysia was willing to cooperate with both countries to ensure that regional economic conditions remained stable and able to cope with various challenges due to the current uncertain economic situation in the world.

"Looking forward to striving for a seamless, inclusive and sustainable subregion by 2036, cooperation should be ready and resistant to all the changes and economic threats posed by globalization.

"The sub-region can not compete with each other, but complement it to ensure continuous progress with a single goal to help the local population," he said.

The meeting included the participation of 224 deputies including leaders and ministers from all three countries for three days to Wednesday. – Bernama

Source link