Tech sector seen as biggest winner

Tech sector seen as biggest winner. [Newspaper] (2021)


KUALA LUMPUR: Technology sector is a clear beneficiary of the 12th Malaysia Plan (12MP), the country's latest RM400 billion blueprint, together with healthcare and telecommunications, analysts said. And for the first time in the history of Malaysia Plan, construction takes a slight back seat, although it is still important. Analysts also said the 12MP was long-term positive but lacked near-term excitement for stock market investors.After being postponed four times, the 12MP was unveiled on Monday with a development expenditure (DE) sum of RM400 billion or 61 per cent higher than the 11MP.Some of the 12MP targets are annual gross domestic product (GDP) growth of 4.5-5.5 per cent (11MP actual: 2.7 per cent), average monthly household income of RM10,000 by end-2025 (as of end 11MP: RM7,200), GDP per capita gap between Klang Valley and Sabah to be reduced to a ratio of 1:2.5 and with Sarawak to 1:1.2 by 2025, and reducing greenhouse gas emissions by 45 per cent of GDP by 2030.

Item Type: Newspaper
Keywords: 4G network, Real-time data, Ecosystem, Economic growth
Taxonomy: By Subject > Business & Management > Economics
By Subject > Computer & Mathematical Sciences > Information Technology
Local Content Hub: Subjects > Computer and Mathematical Sciences
Depositing User: Miss Nurmaisari binti Che Anuar (Kuala Terengganu)
Date Deposited: 11 Feb 2022 23:52
Last Modified: 14 Feb 2022 09:02
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