World Bulletin / News Desk
Malaysia unveiled Thursday a five-year 260 billion Ringgit (more than $72 billion) master plan aimed at elevating the country's status to a developed economy by 2020.
Prime Minister Najib Razak presented to parliament the 11th Malaysia Plan, which underlines strategies for becoming a developed country with a per capita income of $15,000. It envisions the eradication of extreme poverty and a middle class consisting of 45 percent of the population.
The five-year development blueprint starting 2016 has six strategic thrusts -- inclusivity, people's well-being, human capital, green growth, infrastructure and innovation and productivity.
In order to achieve these strategies, Malaysia says it would focus on six game-changers including increasing productivity, generating wealth through innovation and improving the percentage of the middle class. It would also develop a core of education and technical training, implement green growth and invest in competitive cities.
Among the plan’s highlights are the Kuala Lumpur-Singapore high-speed rail proposal and the creation of a Vision Valley comparable to the U.S.’s Silicon Valley.
It also aims to increase the average household income of the lower 40 percent of the population -- currently numbering 2.7 million households.Güncelleme Tarihi: 21 Mayıs 2015, 14:14