Economic Census findings will be baseline in drawing up 13th Malaysian Plan

The Star

Economy Minister Rafizi Ramli said that findings in the Economic Census would be the baseline in drawing up the 13th Malaysia Plan.   He said that the plan would give new projections that need to be followed for stronger economic growth.   WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00What are your thoughts on the development of Malaysia's economy?

00:08The development of the economy that was shared by Dato' Sri Uzair was certainly a good baseline for us,

00:20especially now that the country is in the process of drafting the 13th Malaysia Plan.

00:29The 13th Malaysia Plan is our only chance to ensure that the requirements that need to be met must be met.

00:39With the economic transition that we are planning, some of the changes need to happen structurally and cannot be made up.

00:55If a pillar is replaced by a new one, the time is short because we are not in a vacuum.

01:08Therefore, our understanding of the current situation is important so that we can set the right targets.

01:18For example, if we look at the economy, it involves 1.2 million households.

01:29Out of that, 1.1 million households are active households.

01:36We may feel that 1.1 million households is a lot.

01:41It has not yet reached the level of 1.1 million households.

01:49But if we look at other countries, where the economy and households are more sustainable,

01:58the complexity of the economy is more accurate to our targets, the gap looks big.

02:07Then, DOSEM and other relevant departments and the whole of our economy

02:15have a big challenge in bringing our economy back to a level that meets our plans in the future.

02:31We are aware of the changes in our economy.

02:40Some of them are good, some of them are challenging.

02:48If we look at the number of businesses in the sectors that are given pressure in the economic economy,

03:01we are far behind.

03:04The number of businesses in the IC design industry is still within our reach.

03:15The number of high-tech consumer products is still within our reach.

03:23We are still dependent on electronics exports as the country's main export,

03:32apart from oil and gas and oil palm oil.

03:35These are things that will be taken as a baseline.

03:43God willing, in RMK13, new targets will be given

03:51that will ensure that the economic banks that will come,

03:58we will be able to follow up on how the sectors that are given pressure can grow rapidly

04:07and the sectors that we may need to exit, we may not be as economical as before.

04:18These are things that will be our focus in the next 12-24 months.

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