Barjoyai Bardai says a key component of making Malaysia a high-income country is boosting median household income.
PETALING JAYA: Initiatives announced under the 12th Malaysia Plan mid-term review sets Malaysia on a firm footing towards becoming a high-income nation by homing in on increasing productivity, says an economist.
Presently, the median income for the working Malaysian population is RM2,500 per month, which brings the median household income to about RM4,000 in double income families. The 71 main strategies announced under the 12MP mid-term review include implementing the National Energy Transition Roadmap , introducing a natural gas roadmap, and implementing carbon pricing.
He also lauded the government’s move to push for employers sharing 40% of their profits with employees by 2025. Currently, the figure stands at only 32%, while developed nations record 60%. Syed Hussain added that the government’s plans to enhance technical and vocational education and training would also provide due recognition to graduates and promote the programme as a respectable career path.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TCL Malaysia reveals new smart TV lineup in Malaysia with prices starting from RM 3,299 - SoyaCincauTCL Malaysia new smart TV range comes in multiple sizes and configurations, going all the way to 98 inches and offers technologies such as Google TV, AMD Freesync, Quantum Dot and Mini LED backlighting technology
Read more »
Bursa Malaysia, Westports, OCBC Malaysia inks MoUPETALING JAYA: Bursa Malaysia Bhd signed a memorandum of collaboration (MoC) with Westports Holdings Bhd and OCBC Bank (Malaysia) Bhd, making them the...
Read more »
TCL Malaysia reveals new smart TV lineup in Malaysia with prices starting from RM 3,299TCL Malaysia new smart TV range comes in multiple sizes and configurations, going all the way to 98 inches and offers technologies such as Google TV, AMD Freesync, Quantum Dot and Mini LED backlighting technology
Read more »
N.Sembilan prioritises widening of Jalan Seremban-Gemas under 12MPSEREMBAN: The Negeri Sembilan government will give priority to the project to widen Jalan Seremban-Gemas under the 12th Malaysia Plan (12MP), the Stat...
Read more »
SKMM, MIV tingkatkan literasi digital guruSuruhanjaya Komunikasi dan Multimedia Malaysia (SKMM) dan Malaysia ICT Volunteer (MIV) bekerjasama menganjurkan bengkel bagi meningkatka
Read more »
Malaysia determined to ensure faster approval for investments, PM Anwar tells Dewan RakyatKUALA LUMPUR, Oct 10 — Prime Minister Datuk Seri Anwar Ibrahim said Malaysia will take immediate steps to enhance the ease of doing business in the country by expediting approval...
Read more »