The master plans are positive for the economy but successful execution is crucial, say Investment banks.
12MP MTR aligns with governance, sustainability, fiscal responsibility, and digitalisation, complementing the NIMP’s longer-term goals until 2030.
According to RHB Investment Bank Bhd , the 12MP MTR and NIMP 2030 are positive signposts in the right direction to move Malaysia up the value chain to be a high-income nation. “The 12 MP MTR has long-term positive implications for the evolution of Malaysia’s economy, although much will depend on execution. We expect more colour on the short-term initiatives in Budget 2024 on Oct 13, 2023,” it said in a note today.
It said the overarching ambition is to elevate the nation’s gross national income per capita to a projected US$14,250 by 2025 from 2020’s US$10,191 level.
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