PM Muhyiddin says mineral industry to increase GDP to RM29b by 2030

Prime Minister Tan Sri Muhyiddin Yassin has announced that the Malaysian government has been aiming to develop the mineral industry in a more sustainable manner as it will contribute to the government’s target of RM29 billion increase in Gross Domestic Product (GDP) by year 2030.

Upon learning about this, Muhyiddin has been urging the stakeholders as well as the public to cooperate in giving support and suggestions about the further development of the mineral industry.

Related Posts

During the launch of the Mineral Industry Transformation Plan 2021-2030, Muhyiddin has mentioned that aside from the combined efforts of the stakeholders and the public, related organizations should also conduct a research on how to help the industry to be more sustainable whether it is in the financial or the non-financial side.

It has been made known by Muhyiddin that in 2019, the mineral industry has contributed RM9.9 billion to the country’s GDP.

The government has been looking into relevant agencies in hopes to make them be a part of the project in order to make the mineral industry more beneficial to the people as well.

Muhyiddin however has expressed his dismay about how there’s an imbalance among the upstream, middle and downstream levels.

He has declared that the new national agenda will be the plan that was recently launched which is going to be the most fundamental starting point where all stakeholders will refer to when it comes to ensuring the of the holistic development of the mineral industry. Since Malaysia has been naturally rich with mineral resources, Muhyiddin said that the country should take advantage of its resources and take the stance of further exploring and developing them as manufacture of future technologies like the production of solar panels, windmills, electric vehicles and energy storage requires high mineral inputs. Although challenges like controlling mineral industry activities would arise especially in regards to protecting the environment from damage and disruption

Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

Recent Posts

China and UAE Celebrate 40 Years of Diplomatic Relations: All the Sectors for Partnership

Celebrating 40 years of diplomatic ties, China and the United Arab Emirates (UAE) are poised to fortify an alliance that…

November 2, 2024

What’s in Store for Squid Game Season 2: New Twists, International Adaptations, and a Bold Return to the Games

Fans of the worldwide sensation Squid Game have much to look forward to this December as the show's producer, Hwang…

November 2, 2024

TWICE Joins Coldplay’s ‘Music of the Spheres’ Tour for a Seoul Spectacle in 2025

Especially when it's the internationally known British rock band Coldplay linking up with K-pop phenomenon TWICE, few events match the…

November 2, 2024

China Caught in the Crossfire: Tensions Rise as North Korea and Russia Strengthen Alliance

Tucked on a 12-story structure in northeast China, visitors flock to get a rare view of the junction of their…

November 2, 2024

Could Westeros Dragons Soon Soar into the Big Screen? ‘Game of Thrones’ Film Reportedly in Early Development

HBO's Game of Thrones has created a void in the fantasy world of television that no other show has quite…

November 1, 2024

Preparing for U.S. Election Impact: Sen. Imee Marcos Urges Self-Reliant Defense Amid Uncertain Times

Head of the Senate Committee on Foreign Relations, Senator Imee Marcos underlined the need of the Philippines getting ready for…

November 1, 2024

This website uses cookies.

Read More