New Economic Policy Malaysia 2019

This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991.

New economic policy malaysia 2019. Dasar ekonomi baru deb was a social re engineering and affirmative action program formulated by the national operations council noc in the aftermath of 13 may incident in malaysia. A new economic policy for the malays which can contribute to the wealth of the nation and can be shared by all malaysians based on the concept of shared prosperity will be. Some key public sector economic policies for the forseeable future since the early 1980s we have stressed that this country will rely on the private sector as the primary engine of economic growth. Economic activity in the services sector will expand at a more moderate pace.

In a way we were ahead of the rest of the world even the developed countries in entrusting economic growth to the private sector. The downward revision reflects elevating policy uncertainties with several risks stemming to growth from escalating trade tension and outflows of capital from emerging economies. The global economy is expected to expand 3 7 in 2018 and 2019 lower than the earlier. This article first appeared in forum the edge malaysia weekly on august 12 2019 august 18 2019 a a.

The new malay economic policy which will be formulated to address current challenges faced by the malays will be a realignment of the previous new economic policy launched in 1971. Consumer prices fall year on year for seventh month running in september. A version of this article appeared in the print edition of the sunday times on september 15 2019 with the headline malaysia s economic policies to focus on income inequality. Outlook and policy in 2019 all economic sectors are projected to expand on the supply side all economic sectors would continue to expand in 2019 with the services and manufacturing sectors remaining the key contributors to overall growth.

National transport policy 2019 2030 the national transport policy ntp 2019 2030 has been developed to lay the policy thrusts and strategies to enhance our. The new economic policy nep malay. Consumer prices were unchanged on a seasonally adjusted basis over the previous month in september below the 0 17 rise logged in august and marking the lowest reading since april. Forecast of 3 9 imf 2018.