Myth Malaysia Plan Case Study
By allocation Under the Mid-Term Review of the Ninth Malaysia Plan, the overall ceiling for development allocation for the Ninth Malaysia Plan is proposed to be increased from RM200 billion to RM230 billion. This addition is to cover the rising cost of implementation of existing projects due to rising prices of building materials as well as new priorities such as regional development corridors and adequate food production for the country. In addition, the privatization program and private finance initiative (PFI) will also be used as a complement to public investment to provide quality public services. The Government will enhance its fiscal discipline by implementing the government procurement tenders to ensure "value for money" and reduce
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Development plan for the period 2006-2010 is being implemented, while the reform measures are needed and have identified for implementation under the Ninth Malaysia Plan period. Thank God, so far, the development outcomes of the National Mission had succeeded in raising the people's living standards and creating a society that is more open and confident. I believe we are on the right track towards achieving Vision 2020. However, it must be recognized that in the second half of the Ninth Malaysia Plan, we are faced with various challenges that will test our ability to pursue national development agenda. The greatest challenge choke the economy is the increase in global oil prices. In fact, the rise in oil prices is a global phenomenon which is affecting all countries, and due to various factors. Among the main reasons that led to an extreme rise in oil prices at this time is geopolitical uncertainty. The invasion of Iraq by the United States in 2003 has crippled one of the world's major oil-producing countries, and caused turmoil in the Middle East that has yet to subside. The invasion of Afghanistan before it was brought negative impact on the stability of oil prices on the world market. Most recently, the threat of Israel to attack Iran also contributed to the geopolitical tensions that led to the rise in oil prices. Strong demand from countries such as China and India, in addition to the refusal of the OPEC countries to increase oil production levels significantly, also one of the main causes that lead to higher oil prices. The situation is exacerbated by the actions of speculators in the oil market in international financial centers such as New York and London, which also inject volatility in the oil price escalating. In addition to the extreme rise in oil prices, the economy is also affected by the state of
Development plan for the period 2006-2010 is being implemented, while the reform measures are needed and have identified for implementation under the Ninth Malaysia Plan period. Thank God, so far, the development outcomes of the National Mission had succeeded in raising the people's living standards and creating a society that is more open and confident. I believe we are on the right track towards achieving Vision 2020. However, it must be recognized that in the second half of the Ninth Malaysia Plan, we are faced with various challenges that will test our ability to pursue national development agenda. The greatest challenge choke the economy is the increase in global oil prices. In fact, the rise in oil prices is a global phenomenon which is affecting all countries, and due to various factors. Among the main reasons that led to an extreme rise in oil prices at this time is geopolitical uncertainty. The invasion of Iraq by the United States in 2003 has crippled one of the world's major oil-producing countries, and caused turmoil in the Middle East that has yet to subside. The invasion of Afghanistan before it was brought negative impact on the stability of oil prices on the world market. Most recently, the threat of Israel to attack Iran also contributed to the geopolitical tensions that led to the rise in oil prices. Strong demand from countries such as China and India, in addition to the refusal of the OPEC countries to increase oil production levels significantly, also one of the main causes that lead to higher oil prices. The situation is exacerbated by the actions of speculators in the oil market in international financial centers such as New York and London, which also inject volatility in the oil price escalating. In addition to the extreme rise in oil prices, the economy is also affected by the state of