"The economy is expected to grow by six per cent this year on the back of expansion in all major economic sectors, including construction,"Datuk Seri Abdullah Ahmad Badawi, Prime Minister
KUALA LUMPUR, June 2 - Datuk Seri Abdullah Ahmad Badawi said the government will continue with efforts to move the country's economy up the value chain to enable it to surmount challenges posed by globalisation.
The prime minister said this was at the core of the Ninth Malaysia Plan which also outlined programmes to add value to the economy, especially in the services and manufacturing sectors which formed the backbone of the country's economy.
"The government is also striving to enhance the country's involvement in high technology sectors, including information communication technology and biotechnology.
"And efforts to transform government-linked companies are also bearing results," he said in his speech at the investiture ceremony in conjunction with the Yang di-Pertuan Agong Tuanku Mizan Zainal Abidin's birthday at the Istana Negara here today.
Abdullah said the country's economy was also doing well, recording a 5.9 per cent growth last year. The economic expansion, he said, was helmed by the private sector.
The government is also taking steps to enhance the country's fiscal position with the budget deficit already reduced to 3.5 per cent and international reserves standing at RM290.4 billion as at end-2006. Inflation and unemployment are also under control.
"The economy is expected to grow by six per cent this year on the back of expansion in all major economic sectors, including construction," he said.
Abdullah said programmes had been crafted to enhance knowledge and innovation and nurture a first-class mentality among the people.
The education development blueprint, aimed at enhancing the quality of the country's education system by 2010, would turn Malaysia into a regional hub of education excellence, he said.
In ensuring a fair distribution of the fruits of the country's development, the government would double efforts to deal with socio-economic imbalances in a constructive and productive manner.
The prime minister said that continuous efforts would be made to develop the Bumiputera community to narrow the gap in terms of income, assets and wealth.
On the move to create various development corridors like the Iskandar Development Region in southern Johor, he said that it would bring about greater development in the areas concerned for the benefit of the people.
He disclosed that similar development initiatives would be launched in northern and eastern Peninsular Malaysia before year-end.
Abdullah added that Malaysia would continue to work towards improving development efforts and the economic performance of Muslim countries grouped under the Organisation of the Islamic Conference.
The prime minister said this was at the core of the Ninth Malaysia Plan which also outlined programmes to add value to the economy, especially in the services and manufacturing sectors which formed the backbone of the country's economy.
"The government is also striving to enhance the country's involvement in high technology sectors, including information communication technology and biotechnology.
"And efforts to transform government-linked companies are also bearing results," he said in his speech at the investiture ceremony in conjunction with the Yang di-Pertuan Agong Tuanku Mizan Zainal Abidin's birthday at the Istana Negara here today.
Abdullah said the country's economy was also doing well, recording a 5.9 per cent growth last year. The economic expansion, he said, was helmed by the private sector.
The government is also taking steps to enhance the country's fiscal position with the budget deficit already reduced to 3.5 per cent and international reserves standing at RM290.4 billion as at end-2006. Inflation and unemployment are also under control.
"The economy is expected to grow by six per cent this year on the back of expansion in all major economic sectors, including construction," he said.
Abdullah said programmes had been crafted to enhance knowledge and innovation and nurture a first-class mentality among the people.
The education development blueprint, aimed at enhancing the quality of the country's education system by 2010, would turn Malaysia into a regional hub of education excellence, he said.
In ensuring a fair distribution of the fruits of the country's development, the government would double efforts to deal with socio-economic imbalances in a constructive and productive manner.
The prime minister said that continuous efforts would be made to develop the Bumiputera community to narrow the gap in terms of income, assets and wealth.
On the move to create various development corridors like the Iskandar Development Region in southern Johor, he said that it would bring about greater development in the areas concerned for the benefit of the people.
He disclosed that similar development initiatives would be launched in northern and eastern Peninsular Malaysia before year-end.
Abdullah added that Malaysia would continue to work towards improving development efforts and the economic performance of Muslim countries grouped under the Organisation of the Islamic Conference.
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