KUALA LUMPUR: Malaysia's trade ministry said on Friday (Sep 1) that the government will allocate RM8.2 billion (US$1.77 billion) to fund a national industrial masterplan to be implemented by 2030. The plan aims to develop a more robust manufacturing sector, by boosting the competitiveness of small and medi
KUALA LUMPUR: Malaysia's trade ministry said on Friday that the government will allocate RM8.2 billion to fund a national industrial masterplan to be implemented by 2030.
The plan aims to develop a more robust manufacturing sector, by boosting the competitiveness of small and medium-sized businesses and through the creation of high-skilled jobs, the ministry said in a statement. Malaysia's Prime Minister Anwar Ibrahim said the plan would require an estimated total investment of RM95 billion, predominantly from the private sector.
"This creation of high-value job opportunities is crucial to uplift and expand the middle-class society," Anwar said at the launch of the masterplan. The plan aims to increase the manufacturing sector's value by 6.5 per cent in seven years and projects employment growth in the sector at 2.3 per cent from 2023, Anwar said.
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.
Malaysia rejects new Chinese map over South China Sea claimsKUALA LUMPUR — Kuala Lumpur rejected on Wednesday (Aug 30) a new Chinese map that claims waters off Malaysia's coast in the South China Sea, in the latest war of words between the Asian allies over Beijing's assertiveness in the waterway.
Read more »
Malaysia rejects new Chinese ‘standard map’ over South China Sea claimsChina’s latest map has lines that overlap with Malaysia’s economic zone off the coast of Sabah and Sarawak. Read more at straitstimes.com.
Read more »
Philippines joins Malaysia, India in rejecting new Chinese map over disputed territoriesManila joins Malaysia, Indonesia and India in disputing the map that was released on Aug 28. Read more at straitstimes.com.
Read more »
Malaysia introduces programmes for small businesses to beat rising unemploymentMalaysia is giving a boost to its micropreneurs - or small-scale business owners - in hopes of combatting rising unemployment levels. Melissa Goh reports.
Read more »
Singaporeans in Malaysia make the journey home to vote in Presidential ElectionDespite postal voting being available this time, many Singaporeans say they still prefer to cross the border and vote in person due to the proximity.
Read more »