Archive for the ‘SPV 2030’ Category

Charting a new era

Saturday, October 12th, 2019
The government, past and present, has come up with great economic policies to move Malaysia to greater heights. – NSTP/Aswadi Alias.

The Shared Prosperity Vision 2030 (SPV 2030) is Malaysia’s fifth long-term economic plan since independence.

The first long-term economic plan was the First Outline Perspective Plan (OPP1 — 1971 to 1990).

Under OPP1, the New Economic Policy (NEP) was formulated. It was the first attempt by the government to restructure the economy in a fundamental way to address many legacies of British colonialism.

Chief among them was income inequality, which was seen as a main obstacle to national unity and caused a political crisis in the form of the 1969 racial riots.

Under the Second Malaysia Plan (2MP — 1971 to 1975), one of the targets was to achieve a 30 per cent equity ownership for Bumiputeras. The measures taken included state support for Bumiputera business start-ups and development, ethnic quota for jobs in the government and private sectors, as well as contract bidding and procurement for Bumiputera businesses.

How different are the economic strategies this time around?

SPV 2030 has a similar philosophy to NEP, which is to achieve growth with equity.

The second long-term economic plan was the Second Outline Perspective Plan (OPP2 — 1991 to 2000), under which the National Development Policy or NDP (1991 to 2000) was formulated to spur economic development until 2000.

NDP signalled a shift in development strategy as this was the period when Vision 2020 was born. The economy saw its “golden era”, growing at an impressive rate of nine per cent per annum on average.

However, it was also a dark period when the 1997/1998 Asian financial crisis hit our shores.

SPV 2030 should employ the right strategies in the next 10 years in order for the economy to face impending crisis.

The Third Outline Perspective Plan (OPP3 — 2001 to 2010) was the third long-term economic plan, under which the National Vision Policy was introduced. It aimed to achieve balanced development and prosperous society.

Under OPP3, strategies to boost the manufacturing and services sectors were drawn up under the Third Industrial Master Plan (IMP3), a continuation of the previous two industrial master plans. IMP3 put forth key strategic thrusts, among others, to boost Malaysia as a major trading hub, integrate local companies into global networks, and develop innovative and creative human capital.

In 2008, the economy was impacted by the global financial crisis as gross domestic product and exports contracted.

Thus, SPV 2030 must have specific policies to respond to external shocks.

The fourth long-term economic plan was the National Transformation Policy, in which the New Economic Model was the anchor blueprint.

The aim was to achieve a sustainable and high-income nation by 2020.

While the aim may be similar to SPV 2030, the difference could be in the specific details on how to get there such as the focus on addressing income and wealth inequality.

All in all, there is no doubt that the government, past and present, has come up with great economic policies to move Malaysia to greater heights.

By Dr Irwan Shah Zainal Abidin.

Read more @ https://www.nst.com.my/opinion/letters/2019/10/529121/charting-new-era

Dr M: SPV 2030 can correct any mistakes of the past.

Monday, October 7th, 2019

KUALA LUMPUR: The failures and mistakes of the past can be wiped clean with the Shared Prosperity Vision 2030 (SPV 2030), says Tun Dr Mahathir Mohamad.

The Prime Minister told the Dewan Rakyat that these mistakes were why the New Economic Policy (NEP) and his own Vision 2020 did not achieve their aims.

“We will identify those who get the opportunities (this time) and make use of them.

“We only hope that the people will accept this new policy (SPV 2030) – which is not to provide instant wealth but something more comprehensive and (for the) long-term.

“This will be the way we manage SPV 2030, ” he said in reply to Nik Nazmi Nik Ahmad (PH-Setiawangsa) who asked how the SPV 2030 would overcome weaknesses such as abuse of power that happened in the past.

Dr Mahathir said that the government would ensure that the policies introduced this time would be put to good use.

He said that previously, opportunities were given to people without taking into account their qualifications or capabilities.

“So many misused it. This time around, opportunities will only be given to those who not only show interest but also capability.

“If you don’t have the experience or capability, we will provide the necessary training, ” he said.

Dr Mahathir claimed that the NEP and Vision 2020 failed due to a dearth in policy implementation by governments under the fifth and sixth prime ministers, referring to his own chosen successors Tun Abdullah Ahmad Badawi and Datuk Seri Najib Razak.

However, he did acknowledge some success in certain areas, noting that the number of professionals as well as the household income in the country had increased.

Dr Mahathir said that although there were improvements in terms of the economy, there was unfair distribution of wealth among races.

This, he said, was made worse by the abuse of power, corruption and leakages that were not contained by the previous administrations.

“The reality is nearly 50 years after the NEP was implemented, and Vision 2020, the income and wealth gap between the bumiputera and non-bumiputera still exists.

“This can cause tension among races, which could stunt the nation’s economic growth.

“Therefore, we need to come up with a new approach. If the governments before focused on equitability of opportunities for the bumiputera – especially in the economy and the education sector – the focus now will be on the equitability of outcomes, ” he said.

Dr Mahathir said the government wanted to produce a new generation of bumiputera who have moral values such as integrity, dignity, a strong nationalist spirit, and are hardworking, to save the country and not depend on foreigners.

“However, the SPV 2030 should not be looked at something that will only empower the bumiputera.

“It is actually a guide to determine the policies, strategies and development incentives for the short, medium and long term.

“At the end, the government’s job is to ensure all Malaysians, regardless of race, will reach a decent standard of living by 2030, ” he added

By HEMANANTHANI SIVANANDAMMARTIN CARVALHORAHIMY RAHIM and TARRENCE TAN
Read more @
https://www.thestar.com.my/news/nation/2019/10/07/dr-m-spv-2030-can-correct-any-mistakes-of-the-past#76q8tKDukMY8s503.99

Shared prosperity,shared responsibility

Sunday, October 6th, 2019
Women reading booklets about the Shared Prosperity Vision at its launch in Kuala Lumpur yesterday. NSTP/SYARAFIQ ABD SAMAD

PRIME Minister Tun Dr Mahathir Mohamad yesterday launched the Shared Prosperity Vision, a master plan that spells the way forward to further enhance the people’s socio-economic well-being.

Dr Mahathir, during his first tenure as the country’s chief executive officer, had also launched Vision 2020.It was a vision set to propel the country to become developed status by the year 2020.

While that may not be achieved following serious distractions that have been widely reported worldwide, the basic principle of Vision 2020 remains.

Under the shared prosperity master plan, the vision had been further enhanced with careful thinking and specific target groups.

The Shared Prosperity Vision is more holistic and contemporary. It called for everyone in the country to play their roles to help the country and themselves.

Shared prosperity also means shared responsibility – the government and the people must act as one if this vision is to be realised.

This newspaper covered the shared prosperity master plan extensively in other pages.

I’ll put that aside for a while but a chance conversation at a food stall yesterday reflected considerable indifference by certain sections of society to the way forward.

A couple joined my table for a breakfast of roti canai and nasi lemak.All the tables were full, so I offered them to share my table. Smiles and handshakes followed.

As soon as the food arrived, the couple started complaining about the general cleanliness of the food court. They blamed City Hall, the stall operators, the patrons for throwing tissue papers and cigarette butts and a small family at the next table for not finishing their food.

They tried to draw me into the conversation. The wife then blurted: ‘Uncle boleh terima ke keadaan macam ni?’(Can you tolerate this situation?)

I suppressed a smirk. They looked like office workers, working probably in a government office or in some small office somewhere.

The seemed to have rather small minds. If the food court looked unsavoury to them, why have breakfast at this stall, I asked the couple.

‘Roti canai dia sedap dan murah. Nasi lemak pun bagus. Tak mahal dan popular,’ the husband said.(The roti canai is tasty and cheap, as is the nasi lemak.The stall is also popular.)

I resisted the urge to tell the couple off. Instead,I told them the food court was a lot dirtier before. But some of the stall operators got together and engaged two boys to do daily clean-ups.

Of course City Hall also has its contractors to clean every morning but the initiative taken by the stall operators is indeed commendable.

The couple’s attitude, to me, is quite typical of many people who are caught in a time warp — they never got past the period when they received handouts and freebies to live.

They seldom look at themselves and always blame others for whatever that is lacking.

This couple is not so bad. A village elder who doubled as a local politician has been complaining about the lack of opportunities for months.

He’s been sharing his views with whomever he bumped into at the local coffee shop.

To this small-time politician, the government has not done enough to help the people. For many years he was a village headman.

But he spent more time trying to climb the political ladder than leading the villagers to better their income and social wellbeing.

What’s the problem with some people? The negativity in them is so appalling. If only they take the trouble to go deeper into some of the government’s initiatives, they can benefit greatly.

This is not just today, mind you. Some people have been negative throughout, regardless of who forms and leads the government.

While they rave and rant, others who are always on the lookout for opportunities proceed to reap success on many fronts.

This is because they are alert and take the trouble to get ahead of the competition. The Shared Prosperity Vision is for everyone. Except for those who refuse to see and grab the opportunities

For hared prosperity to work, the people must do their share of the work too. After all, this is for them!

The writer is a former NST group editor. His first column appeared on Aug 27, 1995, as ‘Kurang Manis’

By Ahmad A Talib

Read more @ https://www.nst.com.my/opinion/columnists/2019/10/527321/shared-prosperityshared-responsibility

Corruption and abuse must stop’

Sunday, October 6th, 2019

Talking point: Dr Mahathir answering questions during a press conference after the launch. Looking on are (from left) Muhyiddin, Dr Wan Azizah, Azmin and Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin.

KUALA LUMPUR: The government intends to hit the ground running with Shared Prosperity Vision 2030 (SPV 2030) and will not hesitate to “amputate the cancerous limbs” of corruption and abuse of power which had failed past policies, says Prime Minister Tun Dr Mahathir Mohamad.

He said corruption and abuse of power were the main reasons that, despite the introduction of past policies with good intentions, the distribution of wealth in the country was not carried out in a just and fair manner.

“The main reasons stunting the development and distribution of the country’s economic pie are corruption and abuse of power.

“This has become cancerous and the only cure, as a doctor, as I see it, should be to amputate and eliminate it, ” said Dr Mahathir.

He also said this is the reason the empowerment of the bumiputra economy remains an agenda in SPV 2030, as the country’s majority ethnic group still has a high poverty rate.

“Bumiputra strengthening agenda were impacted by this problem (corruption and abuse of power), and the support which was supposed to have been given to the bumiputra was misused and leaked to groups that should not have received it.

“As a result, the economic gap of the bumiputra is still unresolved.

“We must get rid of corruption and power abuse, not the agenda (of empowering the bumiputra), ” said Dr Mahathir in his speech at the launch of the government’s new vision – SPV 2030 – which is a blueprint and the framework of the direction of the country for the next decade.

He said that the government has already implemented some of the policies in line with the vision and more will be announced under Budget 2020 to be tabled in Parliament on Oct 11.

“By 2021, there need not be much aligning. In other words, in 2021 we will hit the ground running and pursue the Shared Prosperity Vision full steam, ” said Dr Mahathir.

He said that SPV 2030 is a continuation of Vision 2020, of which he was the architect, taking into account the changes that will happen in the next decade.

“Malaysia has been successful in evolving from an agricultural country to an industrial nation.

“It is time for the country to go one step further to own and develop a technology, digital and data-based economy, ” said Dr Mahathir.

SPV 2030 is a long-term vision suggested and developed by Institut Masa Depan Malaysia last year.

Dr Mahathir said that the concept of shared prosperity is not something new.

The Prime Minister first mentioned it during the winding-up speech of 11th Malaysia Plan and was expanded further during the first anniversary of Pakatan Harapan last May.

The Economic Affairs Ministry under Datuk Seri Azmin Ali was entrusted to complete and prepare SPV 2030 and it was presented at a special Cabinet meeting, which agreed to adopt the vision as the direction of the country for the next decade.

Read more @ https://www.thestar.com.my/news/nation/2019/10/06/corruption-and-abuse-must-stop#8QP2ux8Lm1HuZ172.99

Thousands attend launch of SPV 2030

Sunday, October 6th, 2019

Feeling hopeful: (Front row from left) Soon Ban Yee, Prellnanty Peter, R. Gayathirie with (back row from left) Lilian Suiking, Elizabeth Mayang Thomas, Rozalini Romeli and Audrey Lembat reading the SPV 2030 document after the event was launched by Dr Mahathir.

KUALA LUMPUR: Academicians, civil servants and media practitioners were among the thousands of people who attended the launch of Pakatan Harapan’s first economic policy – the Shared Prosperity Vision (SPV) 2030.

The launch of the SPV 2030, which is the brainchild of Prime Minister Tun Dr Mahathir Mohamad, took place yesterday at the Kuala Lumpur Convention Centre (KLCC).

Home Minister Tan Sri Muhyiddin Yassin was the first to give his speech at the event, followed by Economic Affairs Minister Datuk Seri Mohamed Azmin Ali and Dr Mahathir.

SPV 2030 is a 10-year plan beginning 2021 that aims to restructure the economy and bridge disparities between the wealthy and the impoverished.

The mood among those who attended the launch was generally optimistic as civil servants had expressed confidence in SPV 2030.

Nik Muhammad Afifi Zamri, an assistant officer at the Department of Statistics, said the SPV 2030 is an important economic policy to improve technological advancements and income levels in the country for the coming years.

“I hope Malaysia will become a developed nation in the next 10 years. I hope we will also be able to be a role model to other countries, ” he said.

Batu PKR division secretary Ahmad Azri Zainal Nor said that corruption and abuse of power can be eliminated with the new economic policy, but he also stressed that the government must play its part.

“The government should not just be just talking about eliminating corruption, ” he said.

Property investment executive Nabila Azahari, who was a delegate at the event, said her favourite part of the SPV 2030 is the goals to eliminate income disparity between different ethnicities in Malaysia.

A ministry officer who only wanted to be known as Ali described SPV 2030 as a realistic economic policy which could address income disparities across different ethnic groups in Malaysia.

“I believe SPV 2030 can achieve sustainable development goals for the country, where vulnerable groups will not be left behind, ” he said.

The launch of SPV 2030 also took place concurrently with the Malaysia International Beauty Show, the longest-running beauty show in South-East Asia, which began yesterday and ends tomorrow.

Read more @ https://www.thestar.com.my/news/nation/2019/10/06/thousands-attend-launch-of-spv-2030

Govt launches Shared Prosperity Vision 2030 to ‘turbo-charge’ economy

Sunday, October 6th, 2019

(FMT) – Prime Minister Dr Mahathir Mohamad today launched Shared Prosperity Vision 2030 (SPV 2030) outlining the government’s plans for the future.

Mahathir said SPV 2030 will be fullly implemented from 2021.

“In 2021, we will hit the ground running and pursue the Shared Prosperity Vision full steam,” he said at the launch at KLCC this morning.

SPV 2030, he said, aimed at achieving fairer economic growth and adding value to the economy, making Malaysia attractive once more to foreign investors.

Mahathir said the global economy had changed much over the years and while Malaysia had successfully transformed from an agricultural to industrial nation, it was now time for the next step.

Sadly, he said the economic development direction in the past decade, which saw premature liberalisation, the pursuit of gross domestic product (GDP) values and a high-income nation, had turned the country into a low-value economy with a high reliance on cheap and low-skilled labour.

He said this was proven when more than 60% of the jobs created in the past decade were low-skilled with an average salary of less than RM2,000.

“The effect of the economic structure in the past two decades actually widened inequality among the people, be it among income, ethnic and regional classes and even within the supply chain.

“The gap between the Top 20% and Bottom 40% widened from RM2,000 in 1990 to more than RM10,000 in 2016.”

Mahathir also cited the growing inequality among Bumiputeras and non-Bumiputera, urban and rural areas, and between East and West Malaysia.

He said corporate equity data up to 2015 showed Bumiputera equity dropped to 16.2% while non-Bumiputera equity dropped to 30.7%, and foreign equity increased to 45.3%.

In 2011, he said, Bumiputera equity stood at 23.4% while non-Bumiputera equity stood at
34.8%.

So, Mahathir said, the Bumiputera equity target of 30% under the New Economic Policy has yet to be met.

As result of this and corruption, he said the Bumiputera empowerment agenda has been affected and that the blame lay with corruption and abuse rather than the Bumiputera agenda itself.

Shared prosperity, he said, meant that no one was left behind and this included the Bumiputeras, who were lagging behind other communities.

“At the same time, as I always stress, the Bumiputeras should not just wait for the government’s help and support.

“When we understand we are left behind, we need to realise we need to run faster to chase those ahead of us.”

He called on the people to work towards realising the goals of SPV 2030.

Also present at today’s launch were Deputy Prime Minister Dr Wan Azizah Wan Ismail, Economic Affairs Minister Mohamed Azmin Ali and Home Minister Muhyiddin Yassin.

Mahathir first announced SPV 2030 a few months ago but until today, there have been few details.

The objectives of the 10-year roadmap, from 2021 to 2030, are to ensure development for all, address wealth and income disparities and build a united, prosperous and dignified nation.

Among its key targets is for Malaysia to attain a RM3.4 trillion gross domestic product (GDP), employee wages to be at 48% of GDP, an equal salary median among the races and a Gini Coeficient of 0. 34, down from 0.39 in 2016.

SPV 2030 has seven strategic thrusts, consisting of a business and industry ecosystem, key economic growth activities (KEGA), human capital, labour market and compensation of employees, social wellbeing, regional inclusion and social capital.

Each of these thrusts has its own targets like SME and microbusinesses contributing to 50% of GDP, the building of new sectors like renewable energy, and Islamic Finance Hub 2.0.

It also targets 60% of SPM leavers to pursue TVET, a discrimination-free labour market, the measuring of poverty using a relative poverty index, and the introduction of a religious harmony index, among others.

On top of that, SPV 2030 also outlines specific KEGAs for each state, including being logistics or financial hubs, eco tourism and heritage tourism, manufacturing or agriculture.

By MT Webmaster.

Read more @ https://www.malaysia-today.net/2019/10/05/dr-m-launches-shared-prosperity-vision-says-its-time-for-next-step/

Don’t only help your own race, make SPV 2030 a success, PM tells private sector

Sunday, October 6th, 2019

KUALA LUMPUR: The private sector is also to be blamed for Malaysian prosperity not being shared justly and fairly, says Tun Dr Mahathir Mohamad.

The Prime Minister said the private sector has to play a crucial role in the Shared Prosperity Vision 2030 (SPV 2030) by moving away from doing businesses and awarding contracts along ethnic lines.

“Private sector is a very important thing (in SPV 2030). The focus is what is the government going to do.

“Only government contracts are subjected to fulfil the SPV 2030. The private sector should also do it. They should also give to other races.

“The private sector tends to give contracts only to their own people – the Malays give to the Malays, the Chinese give to the Chinese. It should not be like that,” said Dr Mahathir.

He was speaking to the media after launching the government’s new vision for the next decade – SPV 2030 – a blueprint of equal and just wealth and opportunity for all Malaysians at the Kuala Lumpur Convention Centre here Saturday (Oct 5).

“More people of different races participating in private sector companies should not say this is a Chinese company, this is a Malay company. It should not be like that. All people with the right qualifications should be given a chance and not discriminated against.

“The private sector should play their role. For now, it is only the government (playing the role). Only the government must give the contract to so and so, the government must correct the imbalance but the imbalance (of unjust economic distribution) is also caused by the private sector,” said Dr Mahathir.

By Zakiah Koya
Read more @
https://www.thestar.com.my/news/nation/2019/10/05/don039t-only-help-your-own-race-make-spv-2030-a-success-pm-tells-private-sector#Gk4tGCDeIHzQGcfk.99

Govt launches Shared Prosperity Vision 2030 to ‘turbo-charge’ economy.

Sunday, October 6th, 2019

KUALA LUMPUR: Malaysia’s Shared Prosperity Vision 2030 (SPV 2030) blueprint will provide the “turbo charge” needed to boost the country’s economic development, says Datuk Seri Mohamed Azmin Ali.

The Economic Affairs Minister said the new plan aims to create wealth for the country that would benefit Malaysians from all walks of life.

“This vision is a manifest of Pakatan Harapan’s desire to implement justice and fairness that covers all race, income class and region.

“The SPV 2030 is launched at the perfect time, especially with the uncertain economic climate that is happening globally.

“This vision will provide the ‘turbo charge’ needed to spur a sustainable economic growth which in turn will elevate us to a high-income economy and increase the people’s purchasing power, ” said Azmin in his speech at the launch of SPV 2030 by Prime Minister Tun Dr Mahathir Mohamed here on Saturday (Oct 5).

He added that the government was confident the vision could be achieved through an increase in “greater economic complexity”, by focusing on high-impact industries such as aerospace, digital economy and high-tech farming.

“A stable administration that stresses good governance, transparency and accountability will give local and foreign investors the confidence to choose Malaysia as their base.

“This will create job opportunities in new sectors that are more innovative and of high technology, ” said Azmin.

The minister promised that the Pakatan government would not neglect those from low-income groups, be it in urban or rural areas.

“The government and the people will join hands and ensure that the country’s prosperity will be enjoyed by all Malaysians, whether they are in Sabah, in Sarawak, or in the Peninsula; whether they are in rural or urban areas; or whether they are farmers, fishermen, workers, taxi drivers, professionals, youths or university students, ” he said.

Also present at the launch were Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail, Home Minister Tan Sri Muhyiddin Yassin, who is also Institut Masa Depan Malaysia chairman, other cabinet ministers, foreign dignitaries and senior government officials.

By ZAKIAH KOYAJOSEPH KAOS Jr and TARRENCE TAN
Read more @
https://www.thestar.com.my/news/nation/2019/10/05/govt-launches-shared-prosperity-vision-2030-to-039turbo-charge039-economy#2Lj0Z0VFDiDMGb7D.99

PM launches Shared Prosperity Vision 2030, says will hit the ground running.

Sunday, October 6th, 2019

KUALA LUMPUR: The government intends to hit the ground running with its Shared Prosperity Vision 2030 and will not hesitate to amputate the cancerous limbs of corruption and abuse of power which hindered past visions, says Prime Minister Tun Dr Mahathir Mohamad.

He said corruption and abuse of powers were the main reasons past visions with good intentions did not lead to just and fair distribution of wealth.

“The main reasons stunting the development and distribution of the country’s economy (pie) are corruption and abuse of power.

“This has become cancerous, and the only cure, as a doctor, as I see it, should be to amputate and eliminate it.

“As a result, the economy gap of the Bumiputra is still unsolved.

“The problem of corruption and abuse should be rid of, not the agenda,” said Dr Mahathir.

He said this in his speech at the launch of the government’s new vision SPV 2030, a blueprint for the direction of the country in the next decade, on Saturday (Oct 5) at the Kuala Lumpur Convention Centre.

“SPV 2030 is a blueprint for the period of 2021 to 2030. We have filled the management and development of the country, along with the Budget 2020, with policies in line with the vision.

“By 2021, there need not be much aligning.

“In other words, in 2021 we will hit the ground running and pursue the Shared Prosperity Vision full steam,” said Dr Mahathir.

He said SPV 2030 was a continuation of Vision 2020, taking into account the changes that wwould happen in the next decade.

SPV 2030 is a long term vision suggested and developed by Institut Masa Depan Malaysia (Masa) last year.

Dr Mahathir said the vision not only aimed to increase the incomes of all ethnic groups, but also to upskill Malaysians in various sectors.

The main aim, he said, was to provide a decent standard of living to all Malaysians and make Malaysia the new “Asian Tiger”.

“SPV 2030 is an effort to make Malaysia a country which is developing sustainably with fair and distribution of economy with equitable growth at all levels of incomes, ethnics, regions and supply chains by 2030,” said Dr Mahathir.

He added that SPV 2030 would begin together with Budget 2020 with the tagline “Shared Prosperity” to be presented on Oct 11.

“The Budget will be the starting point so that SPV 2030 will be able to be implemented fully in the 12th and 13 Malaysia Plans,” said Dr Mahathir.

The main target groups in SPV 2030 are the B40 (lower income group), the hardcore poor, the economically poor, those in economic transition, Orang Asli, Sabah and Sarawak bumiputras, the disabled, youths, women, children and senior citizens.

By Zakiah Koya
Read more
https://www.thestar.com.my/news/nation/2019/10/05/pm-launches-shared-prosperity-vision-2030-says-will-hit-the-ground-running#mJ4ob0uFp82vxuQr.99