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Eleventh Malaysia Plan (11MP)

YAB Dato' Sri Mohd Najib Tun Haji Abdul Razak, Prime Minister and Minister of Finance tabled the Eleventh Malaysia Plan (11MP, 2016-2020) in Parliament on Thursday, 21 May 2015.

Six strategic thrusts under 11MP:

(1) Enhancing inclusiveness towards an equitable society.

(2) Improving wellbeing for all.

(3) Accelerating human capital development for an advanced nation.

(4) Pursuing green growth for sustainability and resilience.

(5) Strengthening infrastructure to support economic expansion.

(6) Re-engineering growth for greater prosperity.

The following are the highlights of the 11MP, which has the theme: Anchoring Growth on People:

(1) The five-year plan reaffirms the government's commitment to the people, and the
belief that growth cannot be measured by economic success alone.

(2) The plan reckons that the wellbeing of the people and a commitment inclusive and
sustainable growth are necessary hallmarks of an advance nation.

(3) Malaysian economy to benefit from more robust global economic prospects, recovery of commodity prices and benign global inflation.

(4)11MP also looks beyond 2020 with Malaysia to remain as an open economy, regionally and globally integrated post-2020.

(5) Malaysia's GDP to hit a whopping RM 2.6 trillion in 2030 (RM 1.4 trillion in 2020.

(6) More than 40 percent of total employment will comprise skilled workers in 2030 (2020: 35 pct).

(7) The GDP per capita is projected to more than double to RM.117,260 in 2030
(2020: RM 54,890).

(8) 11MP targets the real Gross Domestic Product to expand at 5.6 percent per annum.

(9) Labour productivity to increase to RM 92,300 in 2020 (2015: RM 77,100).

(10) Gross National Income (GNI) per capita to reach RM 54,100 in 2020.

(11) Average monthly household income to increase to RM 10,540 in 2020 (2014: RM 6,141).

(12) The share of compensation of employees to GDP to increase to at least 40 percent in 2020 (2015: 34.9 pct).

(13) Inflation to remain benign at below 3.0 percent.

(14) 1.5 million jobs to be created by 2020.

(15) Growth would be driven by the private sector with private investment expanding at 9.4 percent per annum.

(16) Manufacturing and services sectors to contribute more than 75 percent of the GDP.

(17) The Federal Government total debt to further decline to below 45 percent by 2020.

(18) Revenue to expand by 7.9 per cent per annum and the dependence on oil-related revenue to decline to 15.5 percent by 2020.

(19) The introduction of GST will bring in a revenue of RM31.4 billion per annum over the next five years compared to RM15.5 billion collected through the sales and services tax during the 10MP.

(20) Literacy rate has increased to 98 per cent, from 75 per cent in 1970.

(21) Poverty rate dropped to 0.6% in 2014, from 49.3% in 1970.

For further information on 11 MP, please Click Here

Posted Date: 20 Mar 2016

Issues List

Salary Guide, Starting Salaries for 160 Selected Skill-Based Jobs
National Budget 2017
Scheme Micro Financing
Workshop on Sarawak Rural Economic Transformation
Industrial Innovation Program and STTF
Update on Immigration Guideline & Procedure
Minister of Industrial and Entrepreneur Dev
Malaysian Global Innovation and Creativity Centre (MaGIC)
Malaysian Chinese Women Entrepreneurs Foundation
Soft Loan Scheme for Automation and Modernisation
ASEAN Economic Community (AEC) Open Day
Investment Opportunities in the Resource Based Industries
OSH CLASS Regulations
2015 Bank Negara Malaysia Annual Report
Eleventh Malaysia Plan (11MP)
National Budget 2016
Briefing on Labour Chapter, TPPA
Trans-Pacific Partnership Agreement (TPPA)
Go-Ex Programme
KOJADI SME Loan Scheme
Amendments to Regulation 32(1) of the Employees’ Social Security (General) Regulations 1971
Bank Negara Malaysia Annual Report 2014
Green Technology Financing Scheme (GTFS)
The Factories & Machinery (Person-In-Charge) (Amendment) Regulations 2014
Income Tax (Deduction From Remuneration) Amended
Prime Minister's Hibiscus Award
GST Exempt, Zero-Rated and Relief Lists Gazetted
National Budget 2015
Application for GST e-Voucher
Registration for GST before 31 December 2014
Opening of EXIM Bank Kuching
National Budget 2014
Official Opening of Bank of China & Visa Center
MIDA e-Application
Termination of the GSP from 2014
Certificate of Responsibility on Food Safety
Imposition of Customs (Prohibition of Imports) Order on Construction Materials
Updated Import Mechanism for Iron and Steel Products
Minimum Retirement Age Act 2012
Programme on Training Scheme 1Malaysia
New Requirement for Food Exports to China
New Guidelines for Market Development Grant
National Budget 2013
Domestic Investment Strategic Fund
The Investment Coordinating Board of Indonesia (BKPM)
Master Plan for the Acceleration and Expansion of Indonesia's Economic Development (MP3EI)
Operator of Steam Boiler
Certificate of Fitness of Steam Boiler
Launching of MIDA new headquarters and logo
Pos Malaysia Shopping Portal
Get Malaysian Business Online (GMBO)
Department of Skills Development Malaysia
Customs Appeal Tribunal
The Minimum Wage Order 2012 Gazetted
Malaysian Competition Act 2010 Is Enforced
GST Implementation in the Near Future
National Budget 2012
Government Financial Assistance Programmes By Malaysian Industrial Development Finance (MIDF)
Malaysia Export Exhibition Centre
SME Development Programmes
Tebedu Inland Port
Malaysia National Budget 2011
Strategic Trade Act 2010 (STA)
IRB E-ledger
APEC Website on Tariffs and Rules of Origin (WebTR)
Highlight of Tenth Malaysia Plan (2011-2015)
New Economic Model for Malaysia
Malaysian Competition Act 2010
Malaysia National Budget 2010
Issues Raised at the Economic Council Dialogue
Employers Can Reduce Their Employees' Monthly Tax Deductions
Tax Incentives for the Manufacturing Sector in Malaysia
Halal Industry Development Corporation (HDC)
Malaysia External Trade Development Corporation (MATRADE)
National Budget 2009
Investment & Trade Dialogue and Seminar 2009
Seminar Keselamatan dan Kesihatan Pekerjaan
An Introduction Programme of GMP
Optimising Opp under Malaysia Free Trade Agreement
SMI & SME Intellectual Property Awareness Campaign
Briefing on the Malaysia Benchmarking Index (MBI)
Advertise in SMA 50th Anniversary Directory 2013
SMA Membership Directory 2003: Sample 2
SMA Membership Directory 2003: Sample 1
Contribution Rate For Employees Who Are Above 55 y
Special Taskforce to Facilitate Business (PEMUDAH)
Trade Exhibitions in Malaysia 2008 - 2009
Sarawak Corridor of Renewable Energy (SCORE)
Development Financial Institutions
Definition of SMEs:
2008 Budget Highlights
GS1 Identification System
Skill Training Programmes (Technical & Vocational) By Government
Useful Website
Third Industrial Master Plan (IMP3) 2006 ¨C 2020
International Trade Malaysia 2007
Liberalisation of Foreign Exchange Administration Policies
YB Encik Larry Sng Visited Chuan Ming Sdn Bhd
2007 New Appointed Consul-General in Kuching
Patron, Hon President, Advisors & SMA Council
2007 Budget Highlights - Tax Commentary
MIDA & MATRADE - Trade and Investment Mission
Lee Fah Mee Sdn Bhd HACCP Certificate Presentation Ceremony
Human Resources Development Berhad
Ready Built Factories for Sale and Rental
Certify Your Profession - Put Up Your Skill Badge
TOCC Accredited Kilang Ceria Alam
KKB & Sarawak Enterprise Sign MoU
Ministries of Agriculture Visited Sea Horse Co S/B
ISO 9001:2000 Recognition For Sarawak Slipways S/B
China Council for the Promotion of International Trade
Registration With MATRADE
Asia Pacific Natural Products Expo
Grant for Development and Promotion of Halal Product
Grant for Enhancing Product Packaging, Design and Labeling Capabilities of SMEs
The RosettaNet
WTO Agreement on Technical Barrier to Trade (TBT)
The SME Bank
The Amended Sarawak Labour Ordinance be enforced from 1 October 2005
Electronic Procurement System (ePerolehan)
Additional Incentives for the Manufacturing Sector for Sarawak
Conclusion of the Second National SME Development
Japanese Interested in Business Venture in Sarawak
Closer Economic Partnership Arrangement (Cepa)
The Industry R& D Grant Scheme (IGS)
Hong Kong Trade Development Council Trade Fairs
Assistance For Cleaner Production / Waste Treatment Projects Implementation
Sabah International Expo 2004
Financial Schemes Under MITI For Small And Medium Enterprises (SMEs)
Registration of SMIs with SMIDEC
Registration of Exporters with MATRADE
SESCO Connection Charge Guidelines 1/2003

 

 

 


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