Latest news with #HanifahHajarTaib
New Straits Times
29-07-2025
- Business
- New Straits Times
Govt study looks into raising retirement age to 65
KUALA LUMPUR: A feasibility study on raising the mandatory retirement age for public service to 65 years by 2035 is being initiated to lay a strong foundation in addressing Malaysia's ageing population. Deputy Economy Minister Datuk Hanifah Hajar Taib said this is among 11 high-impact intervention measures across ministries and agencies currently being implemented under the National Ageing Blueprint (NAB) 2025–2045. "The NAB was presented at the National Economic Action Council Meeting on Feb 12. Following the meeting, it was agreed that 11 high-impact intervention measures across ministries and agencies would be implemented immediately to establish a strong foundation in addressing population ageing. "The implementation of strategies and initiatives outlined in the NAB will help the country increase the number of skilled caregivers in the care sector and the labour force participation rate of individuals aged between 60 and 65 in the local job market by 2030," she said in the Dewan Rakyat today. She was responding to a question from Tan Kok Wai (PH-Cheras) regarding policy improvements and interventions being formulated to ensure that an ageing population is not a challenge but instead a catalyst for economic growth and social progress. Hanifah said another intervention is to encourage older individuals to rejoin the workforce for up to five years after reaching the minimum retirement age. She said the government would also enhance career mobility to improve the employability of the local workforce, introduce legislative controls to ensure the production of safe and high-quality food products, and improve access to domiciliary and palliative care services within communities. "(This includes) the creation of a sustainable long-term care ecosystem through the introduction of comprehensive legislation and governance, developing talent and skills in the care sector through training and recognised standardised certification, including for informal caregivers and volunteers, and reforming the social protection system to be more inclusive in meeting future challenges," she said. The NAB aims to provide strategies and initiatives to prepare Malaysia for the impacts of becoming an ageing nation by 2043. It encompasses policy planning, frameworks, and action plans in areas such as the economy, employment, education, social protection, health, and long-term care.
The Sun
29-07-2025
- Business
- The Sun
Malaysia explores silver economy potential for ageing population
KUALA LUMPUR: The government is exploring the potential of the silver economy as a new growth driver to help the nation manage the socio-economic impact of becoming an ageing society by 2043, said Deputy Economy Minister Datuk Hanifah Hajar Taib. She said the Economy Ministry, in collaboration with relevant ministries and agencies, may consider setting up a national council on ageing population to spearhead the development of the silver economy, as outlined in the National Ageing Blueprint (NAB) 2025–2045. 'The NAB was presented at the National Economic Action Council meeting on Feb 12, 2025. 'The meeting agreed that 11 high-impact interventions involving various ministries and agencies should be implemented immediately to lay a strong foundation in facing population ageing,' she told the Dewan Rakyat during the oral question-and-answer session today. She was responding to a question from Tan Kok Wai (PH-Cheras), who asked about strategic policies and interventions to position the ageing population as a catalyst for economic growth. Hanifah also gave her assurance that the effort to strengthen the nation's readiness for demographic ageing will be included in the 13th Malaysia Plan (13MP), which is scheduled to be tabled this week. 'I do not have the details at this moment, but inshaaAllah, the 13MP presentation will offer more comprehensive information,' she added. - Bernama
Barnama
29-07-2025
- Business
- Barnama
Putrajaya Explores Silver Economy Potential
KUALA LUMPUR, July 29 (Bernama) -- The government is exploring the potential of the silver economy as a new growth driver to help the nation manage the socio-economic impact of becoming an ageing society by 2043, said Deputy Economy Minister Datuk Hanifah Hajar Taib. She said the Economy Ministry, in collaboration with relevant ministries and agencies, may consider setting up a national council on ageing population to spearhead the development of the silver economy, as outlined in the National Ageing Blueprint (NAB) 2025–2045. 'The NAB was presented at the National Economic Action Council meeting on Feb 12, 2025.
The Sun
05-06-2025
- Business
- The Sun
National ESG Strategic Plan and 13MP near completion, unaffected by ministers' resignations
KUALA LUMPUR: The resignations of two key ministers will not disrupt the progress of the National Environmental, Social and Governance Strategic Plan (NESP) or the 13th Malaysia Plan (13MP), both of which are nearing completion, said Deputy Economy Minister Datuk Hanifah Hajar Taib. To a question on the progress of NESP and 13MP, Hanifah Hajar confirmed that the 13MP is almost ready to be presented to the Cabinet, while work on the NESP is actively ongoing. 'All ministries understand the importance of ESG (environmental, social and governance), and our civil servants have been working on it with clear ideas they want to implement,' she told reporters on the sidelines of the Forward Faster Symposium 2025 hosted by the UN Global Compact Network Malaysia and Brunei (UNGCMYB) here today. It was reported that the 13MP document is expected to be tabled in Parliament next month. However, she noted that a definitive timeline for the delivery of the NESP has yet to be confirmed. This follows the resignation of Datuk Seri Rafizi Ramli as Minister of Economy and the resignation of Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad, which will take effect on July 4. Earlier in her keynote address at the symposium, Hanifah Hajar said the NESP is aligned with global ESG frameworks and complements six pillars under the National Sustainability Strategic Framework and Industry ESG. 'The NESP is a comprehensive initiative aimed at guiding Malaysian businesses toward ESG compliance and sustainable practices. It will support Malaysian business entities, especially small and medium enterprises in phases, to move toward ESG reporting and even beyond compliance,' she said. The one-day symposium brought together over 200 participants, including high-level executives, sustainability practitioners, and business leaders. With the theme 'Accelerating Corporate Sustainability Commitments for a Resilient Future,' the event featured in-depth discussions and high-level dialogues on the evolving role of business in achieving the 2030 Agenda for Sustainable Development. The discussions were seen as timely amid economic headwinds and rising geopolitical tensions, with Malaysian corporate leaders increasingly strengthening their ESG commitments and positioning sustainability as a strategic tool to manage risk, drive long-term value, and contribute to national development.
The Sun
05-06-2025
- Business
- The Sun
National ESG Strategic Plan and 13MP near completion
KUALA LUMPUR: The resignations of two key ministers will not disrupt the progress of the National Environmental, Social and Governance Strategic Plan (NESP) or the 13th Malaysia Plan (13MP), both of which are nearing completion, said Deputy Economy Minister Datuk Hanifah Hajar Taib. To a question on the progress of NESP and 13MP, Hanifah Hajar confirmed that the 13MP is almost ready to be presented to the Cabinet, while work on the NESP is actively ongoing. 'All ministries understand the importance of ESG (environmental, social and governance), and our civil servants have been working on it with clear ideas they want to implement,' she told reporters on the sidelines of the Forward Faster Symposium 2025 hosted by the UN Global Compact Network Malaysia and Brunei (UNGCMYB) here today. It was reported that the 13MP document is expected to be tabled in Parliament next month. However, she noted that a definitive timeline for the delivery of the NESP has yet to be confirmed. This follows the resignation of Datuk Seri Rafizi Ramli as Minister of Economy and the resignation of Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad, which will take effect on July 4. Earlier in her keynote address at the symposium, Hanifah Hajar said the NESP is aligned with global ESG frameworks and complements six pillars under the National Sustainability Strategic Framework and Industry ESG. 'The NESP is a comprehensive initiative aimed at guiding Malaysian businesses toward ESG compliance and sustainable practices. It will support Malaysian business entities, especially small and medium enterprises in phases, to move toward ESG reporting and even beyond compliance,' she said. The one-day symposium brought together over 200 participants, including high-level executives, sustainability practitioners, and business leaders. With the theme 'Accelerating Corporate Sustainability Commitments for a Resilient Future,' the event featured in-depth discussions and high-level dialogues on the evolving role of business in achieving the 2030 Agenda for Sustainable Development. The discussions were seen as timely amid economic headwinds and rising geopolitical tensions, with Malaysian corporate leaders increasingly strengthening their ESG commitments and positioning sustainability as a strategic tool to manage risk, drive long-term value, and contribute to national development.
