Latest news with #RM120
New Straits Times
40 minutes ago
- Business
- New Straits Times
13MP: GLCs to bolster national development efforts, public-private partnerships to be scaled up
KUALA LUMPUR: National development efforts will be bolstered by projects spearheaded by government-linked companies (GLCs), including the implementation of the GLIC Empowerment and Reform Programme (GEAR-uP) which has been allocated RM120 billion. Under the 13th Malaysia Plan (13MP), public-private partnership (PPP) initiatives will also be scaled up, with private sector investments expected to contribute RM61 billion between 2026 and 2030. Prime Minister Datuk Seri Anwar Ibrahim said efforts to develop future-ready talent across all stages of education will be strengthened to cultivate a skilled, creative, and innovative workforce capable of driving economic transformation.
The Sun
40 minutes ago
- Business
- The Sun
RM611 billion needed to drive 13th Malaysia Plan: Anwar
PETALING JAYA: The 13th Malaysia Plan (13MP) will require a total investment of RM611 billion, Prime Minister Datuk Seri Anwar Ibrahim announced in Parliament. Tabling the 13MP, today, he said the federal government is expected to contribute RM430 billion through its development allocation, while government-linked companies (GLCs) and government-linked investment companies (GLICs) will provide RM120 billion. An additional RM61 billion will come from the private sector via public-private partnerships (PPP). Anwar said more than half of the government's RM430 billion allocation – amounting to RM227 billion – will be channelled into the economic sector, positioning it as the key driver of national growth. The social sector will receive RM133 billion, with RM67 billion allocated to education and RM40 billion to healthcare. Meanwhile, RM51 billion has been earmarked for security and RM17 billion for administration. He stressed that the strategic distribution of funds reflects the government's commitment to delivering comprehensive and high-impact development under the Madani framework. 'If this bold initiative succeeds, by 2030, we will not only have achieved significant material gains, but also fostered a society with strong values, unity, mutual respect for cultural diversity, and a solid national identity,' he said. Anwar said that 13MP must be a shared effort by all — individuals, communities, the private sector and government — working together to uplift the dignity and standing of the rakyat.
New Straits Times
3 days ago
- Business
- New Straits Times
Corporate Malaysia backs Sejahtera Madani with RM120mil, surpassing target
KUALA LUMPUR: Corporate Malaysia has stepped up in a big way to support the government's mission to eradicate poverty, with 38 companies collectively contributing close to RM120 million to the Sejahtera Madani Fund—a national initiative aimed at uplifting poor and hardcore poor households registered under the eKasih National Poverty Database. The fund, launched by Prime Minister Datuk Seri Anwar Ibrahim last week, exemplifies a whole-of-nation commitment to targeted poverty eradication and sustainable socio-economic upliftment, having already more than doubled its initial RM50 million target. Among the top contributors is the Weststar Group, leading with a RM15 million donation. Other key corporate giants such as YTL Corporation Bhd, Berjaya Corporation Bhd, MMC Corporation Bhd, Genting Bhd, DRB-Hicom Bhd, and Tradewinds Group (M) Sdn Bhd/Yayasan AlBukhary each pledged RM10 million, demonstrating strong private sector commitment to national development goals. Other notable contributors include Sapura Secured Technologies with RM3 million and Yayasan Pembangunan Ekonomi Islam Malaysia with RM2.61 million. A wide range of companies have also pledged between RM1 million and RM500,000, reflecting diverse industry participation across infrastructure, healthcare, logistics, and property sectors. These include Malaysia Resources Corporation Bhd, Yinson Holdings Bhd, WCT Bhd, Westports Malaysia Sdn Bhd, S P Setia Bhd, SD Guthrie Bhd, and ITMAX System Bhd. Smaller but meaningful contributions were also received from FGV Holdings Bhd (RM150,000), Farm Fresh Bhd, Pharmaniaga Bhd, YHA Travel and Tours, and Darul Fikir, each contributing RM100,000—demonstrating that companies of all sizes are participating in this national effort. Beyond financial contributions, several companies have launched parallel programmes to support economic resilience. Telekom Malaysia pledged RM10 million for a Digital Entrepreneurship Programme, Grab Malaysia introduced a RM5 million Economic Empowerment Initiative, while Prudential BSN Takaful committed RM3 million to expand its Microtakaful Jariyah (MTJ) programme. National champions Petronas and Khazanah Nasional Bhd have also been appointed strategic partners of the fund, ensuring sustainability and institutional backing. The Sejahtera Madani Fund reflects a powerful synergy between government policy and private sector commitment, aimed at driving inclusive and sustainable development. Beyond delivering targeted aid to vulnerable communities, the fund supports long-term economic empowerment through initiatives focused on entrepreneurship, micro-insurance, and digital inclusion. The strong response from corporate Malaysia underscores a growing recognition of Environmental, Social, and Governance (ESG) responsibilities—and highlights the evolving role of businesses as key partners in shaping the nation's socioeconomic future.
The Sun
6 days ago
- Business
- The Sun
Sejahtera Madani initiative launched to eradicate poverty
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has called for deeper collaboration between the public and private sectors to eradicate hardcore poverty, stressing that targeted interventions must be consistent, inclusive and sustained. Launching the Sejahtera Madani initiative (Malaysia Madani People's Well-being Initiative) at Kompleks Seri Perdana yesterday, he said while data points to progress in tackling extreme poverty, the government is pushing for more, via a whole-of-nation approach. 'Our goal, as a Cabinet, is to begin putting a full stop to hardcore poverty. Based on data from 2023 and 2024, we have managed to reduce it significantly, although the full figures will be released later.' A total of 306,403 heads of households are registered in the national eKasih system as of July 15, according to the Implementation Coordination Unit (ICU) under the Prime Minister's Department. Of these, 1,017 are categorised as hardcore poor while 305,386 fall under the poor category. The government has set a target of reducing poverty by 33% by the end of the year. The Sejahtera Madani initiative, spearheaded by the ICU, brings together ministries, agencies and corporate partners to deliver sustainable, high-impact support across four key pillars – income generation, education, housing and welfare. Anwar, who is also finance minister, said the initiative had exceeded expectations by raising nearly RM120 million, far surpassing its initial target of RM50 million. 'I said if Sejahtera Madani could raise RM50 million, that would already be a success, and the government could top it up a bit. But today, the amount has not only doubled but also gone far beyond that. 'The initiative has now raised nearly RM120 million. This is a meaningful project, and we want to drive this nation to become strong and great.' Several companies have stepped up to contribute to the Sejahtera Madani initiative, including Berjaya Corporation Bhd, which pledged RM10 million. A mock cheque was presented to Anwar by Berjaya Land Bhd deputy chairman Datuk Seri Robin Tan. Also present at the launch were Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Housing and Local Government Minister Nga Kor Ming, Women, Family and Community Development Minister Datuk Seri Nancy Shukri and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Anwar also acknowledged companies such as Westar, YTL, Telekom Malaysia, Tenaga Nasional and Petronas for their involvement in community efforts, including employment initiatives, school repairs and technical training programmes. He said a standout example is the collaboration between companies and TVET institutions, enabling students to receive hands-on training and industry exposure. 'Some of the best models come from companies that work with TVET schools to uplift students through practical training and clear career pathways.' He described these efforts as more than symbolic, rejecting the term 'adopted schools' and instead using 'lifted schools', where active involvement from top management inspires hope and motivation among underprivileged students. Anwar also addressed opposition criticism over the government's RM1 billion allocation for school infrastructure, which he said had been misrepresented as solely for toilet upgrades. 'Although we were mocked and accused of spending RM1 billion just to build school toilets, we have actually repaired 1,200 of them. 'Just imagine. These were the toilets left in a state of disrepair in schools where our children and grandchildren study.' He clarified that the infrastructure effort is ongoing, with hundreds of millions also allocated to upgrading military housing. 'We welcome any proposal that improves people's lives. If a major development company says, 'let us adopt this school, fund the repairs and manage the works ourselves', we're all for it.'
Daily Express
7 days ago
- Business
- Daily Express
Sejahtera Madani initiative launched, nearly RM120m raised to end poverty
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 By: Bernama Text Size: Pic by Bernama PUTRAJAYA: The Malaysia Madani People's Wellbeing Initiative (Sejahtera Madani), launched today to end poverty, has successfully raised nearly RM120 million, Prime Minister Datuk Seri Anwar Ibrahim ( pic ) announced. Speaking at the launch, Anwar, who is also Finance Minister, said the initiative had received overwhelming support from the private sector, surpassing its initial fundraising target of RM50 million. 'I said if Sejahtera Madani could raise RM50 million, that would already be a success, and the government could top it up a bit, but today the response has not just doubled, it's gone far beyond that. 'The initiative has now raised nearly RM120 million. This is a meaningful project, and we want to drive this nation to become strong and great,' he said. Present at the event were Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Minister of Housing and Local Government Nga Kor Ming, Minister of Women, Family and Community Development Datuk Seri Nancy Shukri and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Anwar also reiterated his Madani Government's commitment to ending hardcore poverty in Malaysia through coordinated efforts and strategic approaches. 'My target, together with the Cabinet, is to end hardcore poverty. Based on data from 2023 to 2024, we've made significant progress. Even though new cases may emerge, the overall numbers are far lower than before,' he said. The Prime Minister also praised the commitment of all stakeholders, particularly the private sector and Islamic religious councils, for working alongside the government to tackle one of the country's most persistent issues. Sejahtera Madani is a national initiative aimed at assisting poor and hardcore poor households registered under the National Poverty Database or the eKasih system. Coordinated by the Implementation Coordination Unit of the Prime Minister's Department (ICU JPM), the initiative consolidates various aid interventions across ministries, agencies, and private entities for a focused and integrated poverty eradication strategy. In a statement issued at the launch, ICU JPM described Sejahtera Madani as being anchored on a "whole-of-nation approach," enhanced with high-impact and sustainable programs targeting both heads of households and household members under the eKasih system. The initiative focuses on four key areas, namely income generation, education, housing, and social welfare. The government is targeting RM100 million in corporate social responsibility (CSR) contributions for Sejahtera Madani, all of which will be channelled to the People's Wellbeing Fund managed by ICU JPM. 'All CSR contributions under this initiative qualify for income tax deductions under Subsection 44(6) of the Income Tax Act 1967,' the statement read. As of July 15, a total of 306,403 heads of households are registered in the eKasih database nationwide, comprising 1,017 classified as hardcore poor and 305,386 as poor. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
