Malaysia to allocate US$19.26 billion annually for next two years to stimulate economy

Malaysia’s Prime Minister, Anwar Ibrahim, has unveiled plans to allocate RM90 billion (approximately US$19.26 billion) annually from 2023 to 2025 to stimulate economic growth and attain high-income status by 2025.

The mid-term review (MTR) of the 12th Malaysia Plan (12MP) introduces 17 measures and 71 strategies, emphasizing technology, talent development, and high-value industries.