KUALA LUMPUR: The Mid-Term Review of the 12th Malaysia Plan highlights the government’s proactive initiatives in tackling economic, social, and environmental challenges, in alignment with global and national frameworks.
During her address at the Malaysia Sustainable Development Goals (SDG) Summit 2024 at the Kuala Lumpur Convention Centre (KLCC) today (September 17), Deputy Minister of Economy, Datuk Hanifah Hajar Taib emphasized that these policies are not reactionary but strategically linked to the United Nations’ 2030 Agenda for Sustainable Development and Malaysia’s MADANI Economy framework, demonstrating a dedication to fostering inclusive growth.
“This Summit plays a crucial role in shaping Malaysia’s vision for the next five years. We have curated six plenary and ten parallel sessions along with 30 exhibition booths to showcase our progress and initiatives.”
Hanifah encouraged summit participants to use this platform to offer valuable insights that will inform Malaysia’s policies in drafting the 13th Malaysia Plan, guiding the nation’s path until 2030.
She underscored that the SDGs revolve around finding a balance between present needs and safeguarding the ability of future generations, merging prosperity with environmental preservation on a solid institutional basis.
“The increasing frequency of extreme weather events globally is not coincidental but rather part of troubling unpredictable global trends, imposing significant economic repercussions.”
Moreover, she stressed that the environment is issuing urgent warnings as humanity, the economy, and all societal levels grapple with adversity and disparity arising from disasters.
“Despite these trials, we witness acts of kindness and commitment, emphasizing the necessity for bold initiatives and innovations to reshape the future and mitigate these crises.”
Hanifah outlined that the 12th Malaysia Plan concentrates on five key areas, with sustainable economic growth taking precedence by attracting foreign investments, empowering SMEs, and harnessing emerging sectors like the digital economy.
“These measures are crafted to stimulate inclusive growth, benefiting all Malaysians. It is crucial for our citizens to adapt and engage in this mission for a brighter future.”
The government currently addresses the cost of living by managing inflation, rationalizing subsidies, and enhancing public service efficiency, as the nation’s prosperity is mirrored in the quality of life of its people.
“Creating jobs is another essential aspect; we prioritize education, skills training, and support for high-growth sectors to create significant, well-paying jobs that equip our workforce for the future.”
“However, mere economic growth is insufficient; we must undergo transformative structural reforms to enhance efficiency, boost competitiveness, and foster inclusivity.”
Hanifah urged the Malaysian populace to unite in elevating the nation and stay resolute in pursuing a sustainable and prosperous future for Malaysia.
“We have no choice but to confront these challenges head-on. It is our responsibility to take the right actions so that both our present and future generations can continue the sustainability agenda in the years ahead.”
