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October 03, 2009 19:07 PM
Tenth Malaysia Plan To Have Provisions For Risk Management
BUTTERWORTH, Oct 3 (Bernama) — The Tenth Malaysia Plan (10MP), which is being formulated for implementation in 2011, will have risk management provisions built into the plan to handle challenging economic recessions, Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop said.
He said there was general consensus that the 10MP must be different from the Ninth Malaysia Plan and incorporate planning, forecast and estimates.
“The 10MP must be comprehensive and have built-in detailed risk analysis to handle financial crisis. It is being prepared during and economic crisis, therefore the plan must map out strategies for all eventualities ” he told reporters at his Hari Raya open house here Saturday.
Nor Mohamed, who is also Member of Parliament for Tasek Gelugor, said the plan was in the final stage of completion with focus placed on rural development especially upgrading of roads, facilities and education infrastructure.
“Officers from the Economic Planning Department and I will go on a road show, from state to state, to meet state government officials, politicians and industry captains to take note of the peoples’ need.
He added the government would spend six months to study and take note of the feedback received from the people before the plan is fine-tuned.