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The Twelfth Malaysia Plan (RMK-12) Overview



 

The tabling of the 12th Malaysia Plan (RMK-12) on 27 September 2021 comes at an opportune time as the nation recovers from the COVID-19 crisis. RMK-12 sets the strategic direction for Malaysia’s development for the period of 2021 to 2025 as we move forward as a nation.

This development roadmap aims to achieve the objective of a “Prosperous, Inclusive, Sustainable Malaysia”, focusing on three Themes:

  • Resetting the economy
  • Strengthening security, wellbeing and inclusivity
  • Advancing sustainability

Businesses are at an important crossroads as they support the government in realising the nation's aspirations for sustainable economic growth with more equitable distribution of opportunities for all.

What does this mean for businesses?

Courage to invest in the face of uncertainty 

It may be tempting to stay the course on cost-cutting measures, but business leaders should consider their strategic priorities and the areas they would need to invest in to differentiate themselves in the market and pursue growth.

Technology and data can help business leaders make agile decisions to meet changing circumstances.

Develop a human-led and tech-powered future

As digitalisation continues to gain momentum, businesses need to ask themselves how they can reap the benefits of technology while promoting responsible practices. Your people will be key in helping you do this, which means technology needs to go hand-in-hand with upskilling.

Embed sustainability into your business strategy

The commitment to sustainability sits high on the national agenda. Corporate Malaysia will play a significant role in helping the government achieve carbon neutrality by 2050, and it will require the collective efforts of all levels of business, from board members to management and people on-ground, to come together to move the needle on sustainability.

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Contact us

Soo Hoo Khoon Yean

Soo Hoo Khoon Yean

Managing Partner, PwC Malaysia

Tel: +60 (3) 2173 0762

Dato' Mohammad Faiz Azmi

Dato' Mohammad Faiz Azmi

Executive Chairman, PwC Malaysia

Tel: +60 (3) 2173 1188

Nurul A'in Abdul Latif

Nurul A'in Abdul Latif

Markets Leader, PwC Malaysia

Tel: +60 (3) 2173 0935

Andrew Chan

Andrew Chan

Partner, South East Asia's Sustainability and Climate Change Leader, PwC Malaysia

Tel: +60 (3) 2173 0348

Patrick Tay

Patrick Tay

Deals Partner, Economics and Policy, PwC Malaysia

Tel: +60 (3) 2173 0604

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