The
Government’s shared prosperity vision for 2030 has several noble targets:
Further to the above is the strategic
thrust of the SPV 2030:
Business
and Industry Ecosystem
- SME and microbusiness to contribute
50% of GDP;
- To create 30% high technology
companies from total SMEs in the manufacturing and services subsectors;
- At least 20% of high- technology
Bumiputera SMEs in each subsector; and
- Bumiputera SMEs to contribute 20% to
GDP.
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Key Economic Growth Activities
- Increased contribution of high
technology of 50% of the manufacturing sector and 30% of the services sector;
- To build resilient key new sectors as
follows –
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Human Capital
- 35% of high-skilled workers in labour
force;
- Majority of workforce in high-skill
jobs and future economic sectors will be Bumiputera;
- 40% of HRDF training skills to relate
to IR 4.0;
- At least 60% of SPM leavers to pursue
TVET field;
- Programme offerings at universities
and training institutes will be tailored to the needs and requirements of
industries;
- Increase local and Bumiputera
employees in management and professionals in MNCs.
|
Labour Market and Compensation of
Employees
- Labour market to be free from
discrimination over age, gender, ethnicity and religion;
- Average salary increment to ¾ of
annual productivity value increases;
- Address acts of economic sabotage and
discrimination;
- Increase labour productivity growth
in line with quality of technology in industry by sector;
- Reduce the total number of foreign
workers by implementing sector-based thresholds;
- Increase contribution of bumiputra CE
to GDP
|
Social Wellbeing
- Equality in merit-based median salary
ratio;
- Measure poverty level by using
relative poverty index;
- Build day-care centres in every
locality;
- Affordable housing cost to be
determined using the Housing Cost Burden (HCB) approach, which is less than
30% of monthly median household income in Malaysia.
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Regional Inclusion
- Integrated urban-rural transportation
system;
- 10 listed companies in every
developing state, half of which are Bumiputera;
- Reduce income disparity between
regions by half;
- Reassess quantity and quality of
Malay reserve land;
- Introduce new regional economic
hotspots particularly outside Klang Valley areas;
- Ensure the nation’s Critical
Infrastructure Development Plan is realised (e.g. hospital, schools and
bridges).
|
Social Capital
- Achieve positive increases for the
following indices:
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The
reminder in the document is that Bumiputra outcomes is included in all
initiatives. From the same document we know Government procurement over 20
years amounted to RM1.1 trillion. Of this, over 50% was awarded to Bumiputras.
The Bumiputra agenda as it states was plagued by corrupt practices and
distribution leakages in the supply chain. And this was more pronounced from the
1980s. Who was the Prime Minister?
The
targets and thrusts cannot be achieved unless you are prepared to have the
following:
i.
strategic oversight by a third party (a
body of commissioners) on the practices, processes of the Government Machinery
in implementing the Vision especially in respect of the Bumiputra initiatives. The
Auditor-General and his report is useful but implementation and eventual
outcome are not his focus.
ii.
accountability of those who fail to
deliver. As long as the system does not penalise the wrong – doer but transfers
the “problem” to another area within Government, there will be no improvement
in implementation.
iii.
using coaches/mentors who are competent businessmen may assist nascent SMEs
(particularly bumiputras). There will be less “hit or miss” strategy.
I
would like to believe in the SPV 2030 but it is short in addressing existing
weaknesses of the system. Unless we have a catharsis, we are merely playing the
same song on a newer machine!
Reference:
Shared
Prosperity Vision 2030
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