12MP must focus on building nation back better during and after pandemic — REFSA

© Provided by The Edge

KUALA LUMPUR (Sept 25): The 12th Malaysia Plan (12MP) must introduce a strategic roadmap for a five-year recovery plan which includes structural reforms in government as well as the private sector, says Research for Social Advancement (REFSA).

“The roadmap needs to address issues of low growth and low productivity, low wages, and an unreliable social safety net, just to name a few,” said the think-tank.

“This kind of policy restructuring and alignment needs to be extended to all ministries and their agencies as well as GLICs and GLCs for the ultimate goal of sustainable and inclusive economic growth,” it said.

Prime Minister Datuk Seri Ismail Sabri Yaakob will table the 12MP in the Dewan Rakyat on Monday (Sept 27).

In a wishlist for the plan, former International Trade and Industry Minister Dr Ong Kian Ming, together with REFSA economic researchers Frederik Paulus and Jaideep Singh cited eight areas that needed to be looked into.

The eight areas are:

  1. Build Malaysia back better post-Covid-19. New and smart policies need to be designed by the relevant stakeholders. Any additional regulations vis-à-vis Covid-19 must not put too much financial burden on businesses but instead allow for innovation and creative solutions to be proposed and put in place for each industry.
  2. Address the issue of foreign labour. We need a clear roadmap. This includes implementing smoother and more transparent processing of applications for foreign workers, the recruitment of foreign workers based on internationally agreed-upon standards, and properly evaluating the number of foreign workers needed by each sector of the economy. At the same time, policies must focus on providing generous incentives, training, and advice for automation, starting with the sectors most dependent on foreign labour.

    The goal is eventually to equalise the cost of foreign and Malaysian workers, and increase productivity significantly so that individual wages can rise, in particular for low-paid positions — all without increasing the unit cost of the product or service being produced.

  3. Trigger cleaner and higher growth through a mission-oriented industrial policy. In order to pull Malaysia out of the “middle-income trap”, it is necessary to kick-start new sectors, with higher scope for growth and for productivity improvement. The overarching goal should be to attract global corporations, not just by competing on financial incentives, but also to offer a compelling choice thanks to the depth of skill and expertise that we will have developed in a given area.

    To do so, REFSA advocates for a broader industrial policy that builds on the concept of missions, where government convenes all stakeholders in a particular problem to formulate a specific challenge; and by providing “patient-finance” which doesn’t expect short-term return but, instead, eye for emergence of economically viable solutions that can then lead to the development of new sectors and unlock economic growth, through the presence of spillover effects.

  4. Reduce inequality through higher wages and a comprehensive social safety net. REFSA stresses the urgent need to have a comprehensive review of the social safety net in Malaysia. This includes streamlining cash support programmes so that handouts are adapted to recipients’ conditions, expanding unemployment schemes to cover a larger segment of the population, and implementing fair tax burdens.
  5. Institutional reforms and decentralisation. The pandemic has highlighted that an all-powerful federal government risks running behind the facts with asymmetric policy responses. For instance, measures intended to stop the spread of Covid-19 were usually calibrated to the situation in Selangor and Kuala Lumpur, burdening less affected states with stringent lockdowns, and vice versa.

    The federal government should devolve significant authority to the state and local level and empower local government representatives to implement local policies calibrated to their specific conditions, for example to decide on how disbursed grants should be spent.

  6. Reshape and reorganise the healthcare system. Healthcare policies must enable and strengthen collaboration between existing private healthcare sector players and the government. Additionally, the 12MP should outline ways to increase the provision of resources for mental health professionals and the treatment of mental illnesses, which have increased markedly because of the pandemic. E.g. there is scope for collaboration with insurance companies to improve the provision of health coverage so as to lead to better health outcomes and reduce the need for treatment in line with the idea that prevention is better than cure.
  7. All ministries must embrace digitalisation. A clear roadmap must be presented in the 12MP where all ministries are involved in digitalisation and Industry 4.0-related initiatives. This means embracing and adopting big data analytics (BDA), the internet of things (IoT) and artificial intelligence (AI) in the government’s overall growth strategy.

    For instance, the Ministry of Agriculture and Food Industries can call for the use of IoT devices to measure soil fertility as well as the acidity or alkalinity of the soil in the agricultural sector. The Ministry of Environment and the Ministry of Energy and Natural Resources can call for the use of drone technology to map and monitor rivers to combat pollution, forests to combat illegal logging and factories to combat illegal emissions. The Ministry of Transport can call for the use of BDA and real-time traffic cameras to improve the deployment of tow trucks to traffic accident sites as a means of reducing traffic jams.

  8. Identify new areas of economic growth. The 12MP should be more forward thinking in discussing key megatrends or themes for Malaysia and the region moving forward, such as geopolitics, digitalisation and an ageing population, and how the country intends to prepare for these developments. Ultimately, REFSA believes that behavioural change is an important part of this concept, which requires the state to take the lead in driving innovation in line with the entrepreneurial state.

“While not all of our wishlist items will make their way into the 12MP, it is important to keep discussions on these issues ongoing among policymakers, industry players and other stakeholders,” said Ong, Paulus and Jaideep.

“With more substantive discussions and publications of policy positions and papers, backed up with concrete examples of what works and what does not, especially within the domestic socio-economic-political landscape, we can slowly but surely move forward the policy agenda and increase the likelihood that good policies become part of government policy and are implemented in a transparent and effective manner,” they added.

Internet Explorer Channel Network
News Related

OTHER NEWS

Obama stumps for Virginia candidate in race seen as referendum on Biden

© Reuters/KEVIN LAMARQUE Candidate for Governor of Virginia Terry McAuliffe speaks during his campaign rally in Dumfries By Gabriella Borter WASHINGTON (Reuters) – Former U.S. President Barack Obama on Saturday ... Read more »

Guardian angel: we send a 21-year-old mega-fan to perform at the world's largest Elvis festival

© Provided by The Guardian Photograph: Alicia Canter/The Guardian When 21-year-old Aaron Arter feels blue, he sings along to the King. When he is happy, he sings along to the ... Read more »

Hayden Christensen will reprise his role as Anakin Skywalker in Disney+ Star Wars series 'Ahsoka'

© Provided by WION Hayden Christensen is all set to star in the upcoming Disney+’s latest Star Wars spinoff series ‘Ahsoka’. He will reprise his role as Anakin Skywalker aka ... Read more »

Aryan Khan drug case: Did Sameer Wankhede reprimanded Ananya Panday for arriving late at NCB office?

© Provided by BollywoodLife.com Ananya Panday was called in for questioning yesterday (Thursday, 21 October 2021) after her chats with Aryan Khan surfaced while investigating Aryan Khan’s drug case. Yesterday, ... Read more »

Gingle Wang gets slapped more than 10 times in new Netflix drama More Than Blue: The Series

© The Independent Singapore © The Independent Singapore Taiwan — Filming light-hearted romance dramas may not necessarily be better than filming heart-breaking ones. That is what Taiwanese actress Gingle Wang ... Read more »

In J&K for the first time since scrapping of Article 370, Amit Shah seeks explanation for terror attacks, visits family of slain cop

© Provided by Firstpost In J&K for the first time since scrapping of Article 370, Amit Shah seeks explanation for terror attacks, visits family of slain cop Union Home Minister ... Read more »

26 Public Safety Act prisoners shifted to Agra

© Provided by The Statesman 26 Public Safety Act prisoners shifted to Agra Twenty-six persons detained under the Public Safety Act (PSA) in various prisons in Jammu and Kashmir are ... Read more »

Jammu-Srinagar National Highway closed due to heavy rains

© Provided by Zee News Srinagar: The Jammu-Srinagar National Highway has been closed due to landslides caused by heavy rains. “Jammu Srinagar National Highway closed as heavy rains trigger shooting ... Read more »

Pak-Afghan Torkham border reopens for pedestrian movement

© IANS Pak-Afghan Torkham border reopens for pedestrian movement Islamabad, Oct 23 (IANS) The Pakistan-Afghanistan border crossing at Torkham, which was only allowed to open for trade activities, has now ... Read more »

Odisha teen sells wife to 55-year-old Rajasthan man to buy smartphone

© Provided by DNA The Odisha police has caught a 17-year-old teen on charges of selling his wife to a 55-year-old man in Rajasthan a month after their marriage. The ... Read more »

Hurricane Patricia still holds the worldwide record for most intense storm

This Day In Weather History is a daily podcast by Chris Mei from The Weather Network, featuring stories about people, communities and events and how weather impacted them. — On ... Read more »

F1 United States GP qualifying - Start time, how to watch & more

© Charles Coates / Motorsport Images Max Verstappen, Red Bull Racing RB16B In an eventful FP2, Red Bull’s Perez claimed top spot with a 1m34.946s as Lewis Hamilton lost a ... Read more »

Viswanath to be chief guest at Madhav Mantri Trophy inauguration

© Provided by The Times of India MUMBAI: The Mumbai Cricket Association has invited India’s batting great Gundappa Viswanath as the chief guest at the inauguration of the special ‘Madhav ... Read more »

Revolutionizing Cricket: A History of T20 World Cups

© Provided by News18 Revolutionizing Cricket: A History of T20 World Cups Cricket was revolutionized when the birth of a 20-over per inning format was introduced by the International Cricket ... Read more »

ICC 2016 T20 World Cup Recap: Hosted in India, Claimed by West Indies

© Provided by News18 ICC 2016 T20 World Cup Recap: Hosted in India, Claimed by West Indies The 2016 ICC T20 World Cup will go down as one of the ... Read more »

'Are You Not Ashamed?' Cristiano Ronaldo's Half-time Talk to Teammates in Atalanta Match

© Provided by News18 A furious Cristiano Ronaldo stunned his Manchester United teammates at halftime of their Champions League fight back against Atalanta. According to The Sun, club boss Ole ... Read more »

Paul Walker's daughter Meadow marries as late dad's friend Vin Diesel gives her away

Paul Walker’s daughter Meadow has married Louis Thornton-Allan and was given away by her late dad’s best friend Vin Diesel. Fast and Furious star Paul tragically died in a car ... Read more »

UN fears ‘mass atrocity crimes' in northern Myanmar

© Provided by Al Jazeera An anti-coup protester gestures during a march in Yangon, Myanmar [File: AP Photo] The United Nations has said it fears a greater human rights catastrophe ... Read more »

U.S. nuclear envoy visits S.Korea amid N.Korea missile tension, stalled talks

© Reuters/POOL FILE PHOTO: Trilateral meeting between Japan, U.S., and South Korea, to discuss North Korea, in Tokyo, Japan By Hyonhee Shin SEOUL (Reuters) – The U.S. envoy for North ... Read more »

St Vincent's and Plunkett's relegated from top flight of Dublin Championship

© Bryan Keane INPHO THERE WAS BIG disappointment for St Vincent’s and St Oliver Plunkett’s-Eoghan Ruadh as they were relegated from Dublin’s senior 1 football championship on Friday night. Both will ... Read more »

Cities across England to receive £7bn Budget boost for transport

© Provided by City AM Chancellor Rishi Sunak will allocate almost £7bn in next week’s budget to the government’s “levelling up” agenda, by way of funding urban transport in city ... Read more »

2 big dilemmas facing Darren Moore ahead of Sheffield Wednesday's clash v Lincoln

© Provided by Football League World Championship – Barnsley v Sheffield Wednesday Sheffield Wednesday will look to return to winning ways in League One today as they host Lincoln City. ... Read more »

Snam CEO hopes COP26 will provide definition for blue hydrogen

© Reuters/GUGLIELMO MANGIAPANE Italian gas group Snam logo is seen outside their office in Rome By Marwa Rashad and Yousef Saba LONDON (Reuters) – The COP26 climate conference in Glasgow ... Read more »

China says will roll out property tax pilot scheme in some regions - Xinhua

SHANGHAI (Reuters) – The top decision-making body of the Chinese parliament said on Saturday it will roll out a pilot real estate tax in some regions, the official Xinhua news ... Read more »

A Frontier Airlines pilot accused of secretly recording a Florida student with a spy camera has been arrested, police say

© Provided by Business Insider The 55-year-old was arrested on one count of burglary of an occupied space and one count of attempted video voyeurism. Markus Mainka/Shutterstock.com A Frontier Airlines ... Read more »

Co-operative Bank in shock merger approach to rival lender TSB

The Co-operative Bank has made an audacious approach about a merger with TSB in a move that could trigger a fresh wave of consolidation among Britain’s mid-sized lenders. © PA ... Read more »

A Chicago museum 'fired' its volunteers. Why diversity consultants say it was the right move.

Like many museums nationwide, the Art Institute of Chicago pledged this year to better prioritize equity and diversity. But the latest of these efforts – a decision to dismantle its decades-old ... Read more »

Unsicherheiten können laut Parmelin den Aufschwung gefährden

© KEYSTONE/PETER KLAUNZER Bundespräsident Guy Parmelin hat sich an der SVP-Delegiertenversammlung zur Entwicklung der Wirtschaft nach der Corona-Krise vorsichtig optimistisch geäussert. Die Ampeln stünden eindeutig auf grün, Unsicherheiten könnten den ... Read more »

MoU dengan kerajaan tiada makna jika PH terima 4 bekas ADUN Melaka, kata Ramkarpal

© Provided by Free Malaysia Today Memorandum persefahaman antara Pakatan Harapan dan kerajaan bulan lalu termasuk cadangan untuk reformasi pilihan raya. (Gambar Bernama) PETALING JAYA: Desakan Pakatan Harapan (PH) bagi ... Read more »

Sprawling £1.25m mansion for sale with nine bathrooms and a pool

An eight bedroom property with its own swimming pool is up for sale in a Merseyside town. The property which sits on a private road in Newton-le-Willows, is on the ... Read more »

Philippines logs 5,807 new COVID-19 infections; active cases at 63,051

© Danny Pata Residents stream into a vaccination center in Manila’s Paco district on Sunday, August 8, 2021, where 2,500 are set to get their first vaccine dose against COVID-19. ... Read more »

Little Amal: The poignant message behind the 11-foot tall Syrian refugee puppet who's travelled 5,000 miles

A giant puppet that has travelled over 8,000km (4,971 miles) has finally reached the UK. © Getty Images Little Amal – The Walk Little Amal, a 3.5 metre-tall (11ft 5in) ... Read more »

State pension warning: Sunak told hundreds of thousands could turn on Tories over policy

Last month, the Government suspended the “triple lock” policy used to set how much the state pension rises each year. The state pension is supposed to increase each year in ... Read more »

Saudi Arabia pledges to reach net-zero carbon emissions by 2060

© Provided by The National The kingdom also plans to more than double its target of reducing annual carbon emissions to 278 million tonnes by 2030. Ali Jarekji / Reuters ... Read more »

Gunmen attack Nigeria prison, free dozens of inmates: Official

© Provided by Al Jazeera Gunmen have attacked a prison in southwestern Nigeria, freeing dozens of inmates, according to an official. Olanrewaju Anjorin, a spokesman of the Oyo correctional centre ... Read more »

Statt Stiefel: Diesen Schuh-Trend kombiniert Charlize Theron im Herbst/Winter 2021 zum Rock

© Getty Images Schuh-Trend: Statt Stiefel trögt Charlize Theron das zum Rock Getty Images Aus ihrer Zeit als junge Balletttänzerin in Südafrika, Europa sowie am Joffrey Ballet in New York ... Read more »

Your Sunscreen May be Harming Skin, Providing Little Protection Against Sunlight: Study

© Provided by News18 Your Sunscreen May be Harming Skin, Providing Little Protection Against Sunlight: Study Sunscreens that seem to be effective and safe on their own may not perform ... Read more »

Fashion Faceoff: Malaika Arora or Rakul Preet Singh: Who styled the Manish Malhotra sequin saree better?

We have a treat for you. Yes, another faceoff at the end of the week. And this one’s rather exciting. Sequins have garnered a huge fan base among Bollywood celebs ... Read more »

Nach Hattrick des Zugers: SCB-Gerber für Foul an Bachofner gesperrt

© Bereitgestellt von Blick SCB-Gerber für Foul an Bachofner gesperrt Die Resultate von gestern Ambri – ZSC Lions 0:2 Davos – Servette 3:0 SCL Tigers – Lugano 6:5 n.V. SCRJ ... Read more »

Congress criticizes Modi govt for taking credit for Covid vaccine

© Provided by The Statesman Congress criticizes Modi govt for taking credit for Covid vaccine Himachal Pradesh Congress chief Kuldeep Singh Rathore said shameful politics is being done by BJP ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic