12MP: Malaysia needs more new tech investments, says chief statistician

12MP: Malaysia needs more new tech investments, says chief statistician

28 Sep 2021

Malaysia needs more investments in new technologies, including in the development of digital systems that will strengthen the country’s economic growth under the 12th Malaysia Plan (12MP), said chief statistician Datuk Seri Dr Mohd Uzir Mahidin.

He said the country no longer needs infrastructure investments, and instead, it is more likely to benefit from investments that would enhance the digitalisation of the economic sector.

“Under the 12MP, the country is targeting to boost investments from the private and private sectors to RM258 billion and RM80 billion respectively by 2025.

“The type of investments that the country needs right now is in the form of the provision of digitisation systems that will enable us to implement automation processes and the like,” he said on Bernama TV’s Ruang Bicara programme last night.

Meanwhile, Mohd Uzir said the 12MP is a long-term plan drawn up at the macro level, taking into account Malaysia’s aspiration of becoming a developed nation.

“After this, there will be a group that will outline each policy at the micro level and draw up an implementation plan that will be carried out by stakeholders of the ministries and agencies.

“The Department of Statistics Malaysia (DOSM) will try to produce more ‘bottom-up’ statistics at the district and subdivision (mukim) levels that will highlight issues faced by local communities,” he said.

Mohd Uzir said a comprehensive database will be set up to identify and subsequently help to address issues that are specific to each locality, such as the cost of living, unemployment and social matters.

“We will release a lot of data that will enable the people to voice out their views on the problems they face,” he added.

Source: Bernama