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The plan serves as the foundation for all preliminary preparations before any work begins, aiding in goal setting and resource management. It outlines various aspects, including the nature of the work, and is crucial for achieving specific objectives. In the context of a country’s development, a plan is necessary to implement economic decisions by distributing resources appropriately. In essence, the action plan for achieving objectives within a specific period can be termed a development or economic plan.

KUALA LUMPUR: Malaysia's export value rose 25% year-on-year (y-o-y) to a record RM1.55 trillion in 2022, on the back of increased shipments to all its major trading partners.

Further, the Audit observed that instead of an increase in expenditure on higher education, the expenditure, on the contrary, showed a declining trend. ''It can be seen that though nominal GSDP increased by 34 percent during 2015-21, the expenditure on higher and technical education during the same period increased by only 12 per cent.

The Malaysian government presented the 12th Malaysia Plan (12MP) to Parliament on September 27, 2021, as the country’s five-year development plan for 2021-2025. The Malaysian government releases a new development plan every five years. It outlines economic priority areas, sets goals, and explains how to achieve those goals over the next five years. To achieve…

The latest iteration of the country’s five-year plan includes a host of nice-sounding economic goals. The challenge is implementing them.