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Launched on 21 September 2010, [1] it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income nation. [2]
On 2 May 2009, Prime Minister Najib Razak announced the government's plan to develop a new economic model that will speed Malaysia's transition to a high income country. The plan will emphasise ways to increase the income and productivity of workers by encouraging knowledge industries and increasing investment from overseas.
Khazanah is a company incorporated in Malaysia, and operates under the provisions of the Malaysian Companies Act. [12] [13] It is neither a government agency nor a statutory board, rather it is a national institution that served as a trustee that manages government-owned commercial assets and also investing in multiple high-tech and strategic sectors.
The Ministry of Investment, Trade and Industry (Malay: Kementerian Pelaburan, Perdagangan dan Industri; Jawi: كمنترين ڤلابورن، ڤرداڬڠن دان ايندوستري ), abbreviated MITI, is a ministry of the Government of Malaysia that is responsible for international trade, industry, investment, productivity, small and medium enterprise, development finance institution ...
China's ByteDance, parent of social media app TikTok, plans to invest around 10 billion ringgit ($2.13 billion) to set up an artificial intelligence hub in Malaysia, the country's trade minister ...
Innovation in Malaysia describes trends and developments in innovation in Malaysia. In 2015, the Najib Razak coalition government estimated that 6% annual growth would be necessary to reach high-income status by 2020. [1] It's more than the average for the previous decade and average for 2016–2019 (4.8%), according to the World Bank.
The Malaysian Investment Development Authority (Malay: Lembaga Pembangunan Pelaburan Malaysia), abbreviated MIDA, previously known as Malaysian Industrial Development Authority is the government's principal agency to oversee and drive investment into the manufacturing and services sectors in Malaysia.
The Malaysian Industry Group High Technology (MIGHT) is a non-profit technology think tank under the purview of the Ministry of Science, Technology and Innovation (Malaysia). [1] It was established in 1993 to support the Science Advisor to the Prime Minister and leverage multi-disciplinary and inter-ministerial synergies from both industry and ...