KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Malaysia’s 13th Malaysia Plan (13MP) sets an ambitious target of 4.5%-5.5% annual GDP growth between 2026 and 2030, with RM430 billion in development expenditure (devex) allocated to drive economic restructuring and improve living standards.
Key Highlights:
GDP Growth Target: 4.5%-5.5% annually (vs. 5.2% avg. in 2021–2024)
Devex Allocation: RM430B (+3.6% vs. 12MP) = avg. RM86B/year
Fiscal Deficit: <3% of GDP by 2030 (vs. 4.1% in 2024)
Total Funding: RM611B (incl. RM120B from GLCs, RM61B PPP/private)
Private Investment: +6% annually (avg. RM417.9B/year)
Public Investment: +3.6% annually (avg. RM112.9B/year)
Export Growth: +5.8% annually
Inflation Target: 2%-3% p.a.
Sectoral Allocations:
Economic Sector: RM227B (infrastructure, transport, housing, flood mitigation)
Social Sector: RM133B (education RM67B, healthcare RM40B)
National Security: RM51B
Public Administration: RM17B
Social & Economic Targets by 2030:
70.1% of graduates in jobs matching qualifications
Employee Compensation: 40% of GDP (from ~33%)
Avg. Monthly Household Income: RM12,000
Poverty Rate: Reduced to 4.7%
Digital Health: 60% of citizens with digital health records
Affordable Housing: 500,000 new units
Strategic Focus:
AI-Driven Economy: Anchored on National AI Action Plan 2030
Value-Creation Economy: Push for “Made in Malaysia” products and services
Human-Centred Social System: Madani framework to enhance living standards
Takeaway:
The 13MP underscores Malaysia’s pivot towards AI, digital transformation and value-added production while balancing fiscal reforms and social equity. With RM430B in devex and a total RM611B funding plan, the blueprint aims to elevate Malaysia into the world’s top 30 economies and achieve high-income nation status by 2030.
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