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Jobs creation in Malaysia

PM Najib: 1.8 million jobs created by Malaysia’s NTP between 2010-2016



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The National Transformation Programme (NTP), launched in September 2010 with the aim of elevating Malaysia to developed-nation status by 2020, has created 1.8 million jobs between 2010 and 2016, Prime Minister Datuk Seri Najib Tun Razak has said. In a report by Bernama, PM Najib said more than one million of these were high-income jobs.

He said through NTP the Gross National Income increased by nearly 50% and Malaysia has almost eradicated poverty, reducing it to just 0.6%. “We have kept inflation and unemployment low, and have been acclaimed by global institutions such as the World Bank and the IMF (International Monetary Fund) for the reforms we have undertaken,” he said.

“We are firmly on the path to become a high-income nation. In short, we have an economic plan. That plan is working, we have delivered, and we will continue to deliver,” Najib said during his keynote address at the 2017 Global Transformation Forum, at Kuala Lumpur Convention Centre.

Najib said through NTP, no Malaysian gets left behind, where the needs of all people are met, and all communities are able to contribute to and share in the wealth of the country, in the Bernama report.

ALSO READ: Bank Negara Malaysia: Youth unemployment rate up by 1.2 percentage points

In a separate Bernama report, it was found that up to 25,672 jobs have been created with the implementation of the Feed-In-Tariff (FiT) and the setting-up of the Sustainable Energy Development Authority (SEDA) since 2012.

Energy, Green Technology and Water Minister, Datuk Seri Dr Maximus Johnity Ongkili said FiT had also contributed to the national economy by providing a boost to the Fotovolta (PV) solar system industry.

“Malaysia is one of the major producers of PV and through the metering programme for clean energy, the domestic use of PV solar has also increased,” he said when replying to a supplementary question from Datuk Dr Abd Latiff Ahmad (BN-Mersing) at the Minister Question-and Answer Session at the Dewan Rakyat sitting, reported by Bernama.

The FiT is a mechanism where developers pay the premium tariff for a duration of time for electricity produced from renewable energy resources.

Photo / 123RF

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