Good Plan But Difficult Task Economists Say Of Nimp 2030


 
Economists expect the government to face many challenges in its quest to achieve the goals under NIMP 2030. (Freepik pic)PETALING JAYA: The New Industrial Master Plan (NIMP) 2030 has elicited praise as well as words of caution and advice from economists.
Malaysia Semiconductor Industry Association(MSIA) president Wong Siew Hai has described it as “an excellent master plan” but also stressed that it must be continuously reviewed and updated to keep it relevant.
On the other hand, Bait Al-Amanah research analyst Yugendran Sivakumaran expects the unpredictable global environment to be a challenge while Bank Muamalat chief economist Afzanizam Rashid said transfer of technology from global players would be essential.
Ads by KioskedPrime Minister Anwar Ibrahim outlined four missions to drive industry transformation when he launched the NIMP 2030 today.
Wong said the mission-based approach of the plan with its whole-of-nation approach and strategies that cut across industries make it more focused and viable.
However, he said, the key to meeting its objective was execution.
“The mission-based champions must be fully accountable for the key performance indicators (KPIs),” he told FMT Business.
“Strategies must be continuously reviewed and updated to make the plan relevant so it can keep up with changing new technologies while ensuring Malaysia is globally competitive,” he added.
Yugendran said it would be a challenge to achieve the NIMP 2030 goals in seven years given the unstable global environment.
Ads by Kiosked“It is a possible time frame (only) if everything runs smoothly,” he told FMT Business.
For instance, he said, the government must be able to raise the RM95 billion needed.
“But then again, there may be some hiccups on the way, which may extend the time needed to achieve each and every goal and target,” he said.
Yugendran said that one target that would be very difficult to achieve was a RM4,510 per month median wage in manufacturing by 2030.
“It is important to remember that median wages are determined by market forces,” he added.
He said the four missions, namely encouraging industries to innovate and produce more sophisticated products, embracing technology and digital transformation, pushing for net-zero and safeguarding economic security, and inclusivity, would help to grow the country’s tech industry.
Ads by KioskedYugendran said the biggest challenge would be in ensuring effective implementation and active participation of the private sector.
For the lower-skilled workers, he added, there was also the concern over how the innovation drive could affect their rice bowl.
As seen in the fourth industrial revolution (IR4) and artificial intelligence (AI), he said low-skilled jobs would no longer be needed.
“However, we cannot hamper technology. People have to see the bright side and that is the number of skilled jobs that it would provide and the improvements to quality of life that it would bring,” he added.
Yugendran said one way to help make the transition smoother is by promoting more upskilling and reskilling opportunities, in addition to ensuring the current education system is future-ready.
“A future-proof education system is the best weapon to combat this,” he added.
Ads by KioskedAfzanizam said the NIMP 2030 should help Malaysia advance important industries like electrical and electronics, chemicals, electric cars, and renewable energy to the next level.
However, he said, this would require the transfer of technology from global players.
“This makes attracting investments from these companies into Malaysia a strategic imperative,” he told FMT Business.
Afzanizam said this would have a positive spillover effect on domestic players, especially the small and medium enterprises (SMEs) which are becoming part of the global supply chain.
“So, the NIMP 2030 can be a catalyst for capacity building to help SMEs penetrate global markets and with the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at some point in the future, it could accelerate their ascension to become more competitive on a global scale,” he added. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2023/09/good-plan-but-difficult-task-economists.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Nimp 2030 Instrumental In Supporting Madani Economy Framework

Nimp 2030 Instrumental In Supporting Madani Economy Framework

papar berkaitan - pada 3/9/2023 - jumlah : 449 hits
The New Industrial Master Plan 2030 is instrumental in supporting the Madani Economy framework and achieving the targets set for the next 10 years including being a leader of the Asian economy and ranking among the top 30 largest economies ...
Najib S Camp Expected To Clamour For His Release Say Analysts

Najib S Camp Expected To Clamour For His Release Say Analysts

papar berkaitan - pada 7/9/2023 - jumlah : 153 hits
Following Ahmad Zahid Hamidi s DNAA verdict on Monday Najib Razak s supporters are bound to call for a halt to the former PM s criminal cases and his release from incarceration PETALING JAYA The conditional discharge secured by Ahmad Zahid ...
Kapcai Riders Aren T In Superbike Class Say Experts

Kapcai Riders Aren T In Superbike Class Say Experts

papar berkaitan - pada 2/9/2023 - jumlah : 242 hits
A government leader has proposed giving B2 motorcycle licence holders an automatic upgrade to the full B class PETALING JAYA Road safety experts have called for a focus on road safety and better driving lessons instead of approving a govern...
Anwar Can Win Over Civil Servants With Better Pay Pension Say Analysts

Anwar Can Win Over Civil Servants With Better Pay Pension Say Analysts

papar berkaitan - pada 2/9/2023 - jumlah : 339 hits
In July Prime Minister Anwar Ibrahim announced that his government was looking to give civil servants a slight salary increase in Budget 2024 pending a comprehensive review due to be completed next year PETALING JAYA Improved pay better pen...
Economists See Benefits In Tesla S Entry Into Malaysia

Economists See Benefits In Tesla S Entry Into Malaysia

papar berkaitan - pada 5/9/2023 - jumlah : 174 hits
Tesla has begun conducting online sales for its Model Y and Model 3 in Malaysia PETALING JAYA Granting preferential treatment to Tesla is a good move to bring in quality investment into Malaysia according to two economists Geoffrey Williams...
Why Journalists Don T Ask Difficult Questions

Why Journalists Don T Ask Difficult Questions

papar berkaitan - pada 3/9/2023 - jumlah : 221 hits
Journalism is not an academic scholarship It does nonetheless share at least two things with academic scholarships One is the range of ways in which the subject event or state of affairs is approached The other is the absolute quest to get ...
I Value Free Speech But It Has Limits Says Muhyiddin

I Value Free Speech But It Has Limits Says Muhyiddin

papar berkaitan - pada 19/8/2023 - jumlah : 210 hits
Bersatu president Muhyiddin Yassin is suing Umno s Puad Zarkashi for defamation over a Facebook post Puad published on Feb 9 2021 titled Kuarantin Pun Ada Dua Darjat KUALA LUMPUR Former prime minister Muhyiddin Yassin acknowledged today tha...
The Green Wave Stopped But Time Bomb Ticking

The Green Wave Stopped But Time Bomb Ticking

papar berkaitan - pada 19/8/2023 - jumlah : 373 hits
hoped for a 5 1 victory but it turned out to be the expected 3 3 status quo The released bomb did not exploded as hoped to be but then it is a ticking bomb Taken from the pre polling postig below Last minute bomb hardly could sway election ...
Borneo Bloc Needed For Effective Pursuit Of Ma63 Rights Say Analysts

Borneo Bloc Needed For Effective Pursuit Of Ma63 Rights Say Analysts

papar berkaitan - pada 31/8/2023 - jumlah : 159 hits
All eyes are on GRS chairman Hajiji Noor and his GPS counterpart Abang Johari Openg on whether they can form a political alliance PETALING JAYA The formation of a Borneo bloc between Sabah and Sarawak is necessary as an effective tool to pu...
Kathryn And Sydney S Fantastic Pantyhose Adventure Part One

Orang Tua Sekarang Membunuh Anaknya Secara Halus

Seorang Sahaja Zul Ariffin Tersasul Doa Minta 4 Isteri

The American Society Of Cinematographers Over And Above The Frame Casin

Kenaikan Pangkat One Off Bagi Gred 9 10 11 Sspa

Isu Artis Mangsa Buli Syafiq Yusof Gesa Produksi Main Peranan Perlu Wujudkan Suasana Friendly

15 Creative Diy Fall Garlands To Spruce Up Your Autumn D Cor

Apabila Wanita Tertinggi Dan Paling Pendek Bertemu


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


3k 2025 Siap Sedia Sebelum Terlambat

Mahazalim Mahafiraun Mahakaya Why Didnt You Call Him Mahaliwat

What Grade Does Faisal Deserve For Abim S Role On Race Religion

Trump S Victory Shows Power Of Greed And The Ultra Rich

12 Perkataan Baharu Yang Dimasukkan Kamus Dewan Bahasa Dan Pustaka

Lirik Lagu Kamu Tak Sendiri Jemimah Cita