Rafizi: Globalist approach in 13MP key to overcoming middle-income trap through innovation and cooperation

Rafizi Ramli News

Rafizi: Globalist approach in 13MP key to overcoming middle-income trap through innovation and cooperation
Economy Ministry13Th Malaysia Plan 13MPMiddle Income Group
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KUALA LUMPUR, Jan 9 — The government is taking a globalist lens to culminate the 13th Malaysia Plan (13MP) to be launched this year, said Economy Minister Rafizi Ramli. The...

Rafizi: B40, M40, T20 classifications to be phased out for disposable income measure, RON95 subsidy to cover 85pc of householdsEconomy Minister Rafizi Ramli speaks at the Malaysia Economic Forum 2025 at the Kuala Lumpur Convention Centre January 9, 2025. — Picture by Firdaus LatifKUALA LUMPUR, Jan 9 — The government is taking a globalist lens to culminate the 13th Malaysia Plan to be launched this year, said Economy Minister Rafizi Ramli .

Therefore, Rafizi said Malaysia and Southeast Asia must recognise the unique differentiations they possess to carve their path in this defining decade. “The details of this shift, however, are equally as interesting,” he said, adding that in five years, the region’s middle-class population will double from two decades ago.

“Even when other regions are expected to contract or slow down, Southeast Asia is still predicted to grow at a healthy pace of 4.0 to 5.0 per cent for the next decade,” he said. “That means this defining decade will see Southeast Asia go against the global tide by continuously seeking cooperation and partnerships with traditional and non-traditional allies based on pragmatic win-win parameters so that Southeast Asia’s growth is ensured.

“The world would have to contend with Southeast Asia’s model, which looks very different from what is out there but has equal, if not higher, effectiveness in getting things done.

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Economy Ministry 13Th Malaysia Plan 13MP Middle Income Group

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