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:
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.
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.
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.
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.