Latest news with #MP13
The Star
3 days ago
- Business
- The Star
‘Cut red tape, let business grow'
13MP must clear the way for private sector growth, say economists PETALING JAYA: The 13th Malaysia Plan (13MP) must help steer the country's transition towards becoming a high income nation by 2030 with emphasis on greater private sector participation and less bureaucratic red tape, say economists. Sunway University economics professor Dr Yeah Kim Leng is of the view that the 13MP must be in tune with the World Bank's definition of a high-income nation. 'It is important to accelerate economic growth so that the income gap with other high-income countries continues to narrow. 'The plans must also include pressing ahead with the required educational, health, infrastructural and environmental development that underpin a dynamic and resilient economy,' he said in an interview. The 13MP, which is to be unveiled in Parliament on Thursday, will chart a strategic road map for the nation's economy for the next five years. The plan, said Dr Yeah, should also contain mechanisms and policies to help Malaysia shift towards a value added technology and innovation-driven economy where private sector participation is crucial. 'There is also a need for policies to increase revenue mobilisation to keep abreast of the need for higher government spending while simultaneously raising spending efficiency and service delivery effectiveness. 'This can be achieved through digitalisation and technology adoption, especially the use of artificial intelligence.' The economic roadmap, he noted, must include the streamlining and restructuring of government linked companies and state-owned enterprises. 'This will help unlock the country's full economic potential through stronger investment, entrepreneurship and private sector-led growth,' he added. Economist Geoffrey Williams said the 13MP should focus on reducing the role and interference of government in existing business and commercial areas and leaving these to the private sector. 'The government should focus on areas that are the direct legitimate concern of government, including public health, education and social protection. 'Regulations should be slashed and focused only on minimum standards of health and safety, anti-corruption, good governance and anti-trust issues,' he said. The 13MP, he added, must take into account social issues, with the creation of sustainable living income levels in the form of a Universal Basic Income and a Universal Basic Pension. 'These must support policies to raise incomes through meaningful work with a fair share of value created going to employees. 'Free higher education should be a priority through the reform of the higher education system and replacing National Higher Education Fund Corporation loans with a sustainable financial system,' said Williams. The recent changes in the global economic landscape is also a factor that should be addressed under the MP13, he pointed out. 'The United States tariff issue has given us a lesson that protectionist policies come with reciprocal costs. 'So removing restrictions to market access should be a priority for 13MP,' he said. Economist Prof Emeritus Barjoyai Bardai said over-reliance on a purely capitalistic approach with regards to foreign direct investment has resulted in less than 200,000 companies controlling over 80% of the economy. He said there should be a shift towards developing the nation's micro-small and medium enterprises (MSMEs) which make up 65% of the nation's manpower or some three-million workers. The 13MP, he said, must also ensure the development of the nation's semi-conductor industry, which currently ranks seventh globally. Strategic Institute for Asia Pacific senior economic advisor Dr Anthony Dass said the 13MP must shift from the post Covid-19 recovery period to one of economic transformation to drive high-value growth, particularly in the digital and green economy. This, he said, must be coupled by inclusive development and fiscal reform, adding that efforts must also be carried out to boost high-tech investment while accelerating upskilling and technical and vocational education and training.
The Sun
23-07-2025
- Business
- The Sun
MADANI govt in tune with rakyat's needs
KUALA LUMPUR: The announcement of the Special Appreciation of Malaysians by Prime Minister Datuk Seri Anwar Ibrahim today clearly demonstrates the MADANI Government's sensitivity to the pulse of the people and its commitment to ease their burden with various forms of assistance. Communications Minister Datuk Fahmi Fadzil said the announced approach would also further boost economic growth, provide relief to the people, as well as strengthen the country's fiscal resilience in the face of global uncertainties. 'At the same time, the MADANI Government will continue to strive to balance the need to improve the country's financial position with the responsibility to safeguard the well-being of the people. 'Highest appreciation and thanks to the Prime Minister for the announcement of the MADANI Government's measures that provide relief to the people, as well as drive the country's economic stability,' he said in a post uploaded on social media. Fahmi said the measures taken and announced were the result of careful consideration based on the principles of social justice and economic sustainability. Fahmi who is also the chairman of the Main Committee for the National Day and Malaysia Day celebrations (HKHM), also called on all Malaysians to raise the spirit of love for the country. 'This is the time for us to unite our hearts and souls, appreciate the blessings of independence and together contribute to the prosperity of the country,' he said. He stressed that the government would continue to strengthen the development agenda through the 13th Malaysia Plan (MP13) and the MADANI Malaysia Budget which is currently being worked for the benefit of the people. The Prime Minister today announced several important initiatives as a sign of the MADANI Government's appreciation to all the people, including a one-off RM100 gift to every adult citizen aged 18 and above under the Sumbangan Asas Rahmah (SARA) programme, a postponement of the increase in toll rates for 10 highways and a lower RON95 subsidised price of RM1.99 per litre. Anwar also said that several other measures and new initiatives would be introduced in the 2026 Budget which is scheduled to be tabled this October. The announcement of the Special Appreciation by the Prime Minister for Malaysians was broadcast live this morning on all major television channels and social media platforms. - Bernama
BusinessToday
19-07-2025
- Business
- BusinessToday
Parliament To Convene On Jul 21 Till Aug 28, 13th Malaysia Plan Tops Agenda
The Second Meeting of the Fourth Session of Malaysia's 15th Parliament begins on Monday and will run until August 28. The main focus of this sitting is the tabling of the 13th Malaysia Plan (MP13), a key policy document that outlines the country's development direction from 2026 to 2030. Dewan Rakyat Speaker Tan Sri Johari Abdul confirmed that the Prime Minister and Minister of Finance, Datuk Seri Anwar Ibrahim, is scheduled to present the MP13 on 31 July, during the second week of the sitting. This will be the first Malaysia Plan introduced under the current MADANI Government and Anwar's leadership as the 10th Prime Minister. Anwar has previously stated that the MP13 is aimed at economically empowering the people by raising incomes and implementing inclusive, sustainable structural reforms. The plan also aims to improve governance and the efficiency of public service delivery. Key focus areas include regional equity, human capital development, and policy reforms to increase Malaysia's global competitiveness, in line with the MADANI Malaysia principles. Tan Sri Johari said Parliament would allocate sufficient time for MPs to thoroughly debate the contents of MP13. He urged all elected representatives to engage in professional, substantive discussions and to avoid excessive politicisation of the debate. 'We want the debate to remain focused and constructive,' Johari told Bernama in an exclusive interview. 'MPs should use the time to propose ideas that may have been overlooked by the government—that is their role.' According to the Dewan Rakyat calendar, the debate on MP13 will span eight days from August 4, followed by ministerial winding-up speeches over four days starting August 18. This session is expected to feature a lively and comprehensive policy debate, especially as it precedes the tabling of the 2026 Budget scheduled for October. Besides MP13, this session will also see debates and presentations of various important bills concerning institutional reform, government governance, public services, and the welfare of the people. Johari noted ongoing efforts to reform Parliament under the Parliamentary Services Act 2025, recently approved by the King, with particular attention to strengthening the role of Special Select Committees comprised of both government and opposition MPs. Johari stressed the importance of these Committees, noting that their decisions represent the collective interests of the people rather than partisan views. Regarding the recent resignations of Pandan MP Datuk Seri Rafizi Ramli and Setiawangsa MP Nik Nazmi Nik Ahmad from the Cabinet, Johari confirmed they will be relocated to the government backbenchers' area. Bernama Related
Malaysian Reserve
19-07-2025
- Business
- Malaysian Reserve
Dewan Rakyat sitting begins on Monday, with focus on tabling MP13
KUALA LUMPUR — The tabling of the 13th Malaysia Plan (MP13) is the main focus of the Second Meeting of the Fourth Session of the 15th Parliament which opens from Monday until August 28. Dewan Rakyat Speaker Tan Sri Johari Abdul said the tabling of MP13 by Prime Minister Datuk Seri Anwar Ibrahim, who is also the Minister of Finance, is scheduled to take place in the second week of the Dewan Rakyat sitting on July 31. MP13, which sets the direction for the country's development for 2026 to 2030, is the first by the MADANI Government under Anwar's administration as the 10th Prime Minister of Malaysia. Anwar previously said the MP13 was formulated with a focus on the economic empowerment of the people through increased income, inclusive and sustainable economic structural reforms, as well as strengthening governance and efficiency in public service delivery. Apart from that, it also emphasises regional justice, human capital development, and policy reforms to strengthen Malaysia's competitiveness at the global level in line with the principles of MADANI Malaysia. In this regard, Johari said this Dewan Rakyat session would provide adequate debate time for Members of Parliament to discuss the contents of the 13th Malaysia Plan while calling on all elected representatives to be professional and use the debate space well. 'We want the debate (session) to be more substantive and Members of Parliament should not politicise the situation so much that we drift too far. 'Members of Parliament need to stay focused on what issues we are discussing… how (they) can help the government by suggesting things that the government may have overlooked, that is our role,' he told Bernama in an exclusive interview recently. Based on the Dewan Rakyat calendar, the MP13 debate session will last for eight days starting August 4, before the ministers wind up for four days starting August 18. This session is also expected to be held in a more lively atmosphere with a comprehensive policy debate, given that it is the main meeting before the focus shifts to the tabling of the 2026 Budget at the scheduled meeting session this October. Apart from MP13 presentation, Johari said this session is also expected to see the tabling and debate of several important bills involving aspects of institutional reform, government governance, public services and issues related to the welfare of the people. In accordance with the Parliamentary Services Act 2025 (PSA) which has been approved by the King of Malaysia Sultan Ibrahim, he said efforts and measures to reform Parliament also continue to be implemented and streamlined, especially in strengthening the role of each Special Select Committee of Parliament. 'The participation of the Special Select Committee needs to be expanded because its role is quite significant with its members comprising government and opposition MPs with experience, qualifications and great influence. 'When discussing an issue in the Special Select Committee, we see that it is not in favour of the government or the opposition, rather the decision made is to represent the people as a whole,' he said. Commenting on the positions of Pandan MP Datuk Seri Rafizi Ramli and Setiawangsa MP Nik Nazmi Nik Ahmad in the Dewan Rakyat following their resignations from the Cabinet, Johari said the two leaders would be transferred to the government backbenchers' area. He said it is a normal practice for any MP who is no longer a member of the administration or the Cabinet to move his seat to the backbenchers' area. — BERNAMA
Barnama
19-07-2025
- Business
- Barnama
Dewan Rakyat Sitting Begins On Monday, With Focus On Tabling MP13
By Mohd Fharkhan Abdul Ghapar KUALA LUMPUR, July 19 (Bernama) -- The tabling of the 13th Malaysia Plan (MP13) is the main focus of the Second Meeting of the Fourth Session of the 15th Parliament which opens from Monday until Aug 28. Dewan Rakyat Speaker Tan Sri Johari Abdul said the tabling of MP13 by Prime Minister Datuk Seri Anwar Ibrahim, who is also the Minister of Finance, is scheduled to take place in the second week of the Dewan Rakyat sitting on July 31. MP13, which sets the direction for the country's development for 2026 to 2030, is the first by the MADANI Government under Anwar's administration as the 10th Prime Minister of Malaysia. Anwar previously said the MP13 was formulated with a focus on the economic empowerment of the people through increased income, inclusive and sustainable economic structural reforms, as well as strengthening governance and efficiency in public service delivery. Apart from that, it also emphasises regional justice, human capital development, and policy reforms to strengthen Malaysia's competitiveness at the global level in line with the principles of MADANI Malaysia. In this regard, Johari said this Dewan Rakyat session would provide adequate debate time for Members of Parliament to discuss the contents of the MP13 while calling on all elected representatives to be professional and use the debate space well. "We want the debate (session) to be more substantive and Members of Parliament should not politicise the situation so much that we drift too far. "Members of Parliament need to stay focused on what issues we are discussing... how (they) can help the government by suggesting things that the government may have overlooked, that is our role," he told Bernama in an exclusive interview recently.
