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25 March – A Royal Malaysian Air Force (RMAF) pilot was killed when his Pilatus PC-7 MK2 aircraft crashed in Universiti Utara Malaysia (UUM) in Sintok, Kedah. 28 March – Former MCA deputy president Chua Soi Lek was elected as the new president, beating Ong Tee Keat and Ong Ka Ting. 30 March – Malaysia's New Economic Model (NEM) was unveiled.
The New Economic Model (NEM) 2011-2020 was an economic plan in Malaysia unveiled on 30 March 2010 by Malaysian Prime Minister Najib Razak which was intended to more than double the per capita income in Malaysia by 2020. The programme aimed to shift affirmative action from being ethnically based to being need-based hence becoming more ...
On 16 July 2010 subsidies for petrol, diesel and LPG were cut as part of Malaysia's general programme of reducing and rationalising subsidies per the 10th Malaysia Plan and the New Economic Model. The government believes it will save RM750 million by the end of 2010 through these measures with little negative impact on most citizens.
The NEP was created in 1971 with the aim of bringing Malays a 30% share of the economy of Malaysia and eradicating poverty amongst Malays, primarily through encouraging enterprise ownership by Bumiputeras. After 40 years of the program, bumiputra equity ownership rose to 23% worth RM167.7 billion in 2010 against 2.4% in 1970.
Launched on 21 September 2010, [1] it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income nation. [2]
Tracking certain economic However, if you're trying to formulate a plan to bring your personal finances out of a recession, experts say you've got to do some number crunching. Economic indicators ...
Malaysia portal; The Ninth Malaysian Plan (Malay: Rancangan Malaysia ke-9), abbreviated as '9MP', is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department and the Finance Ministry of Malaysia with approval by the Cabinet of Malaysia. The plan allocates the national budget from 2006 to 2010 in ...
Tenth Malaysian Plan (Malay: Rancangan Malaysia ke-10), abbreviated as "10MP", is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department and the Ministry of Finance of Malaysia with approval by the Cabinet of Malaysia to allocate the national budget from the year 2011 to 2015 to all economic sectors in Malaysia.