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

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare

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

Asian Countries That Allow Dual Citizenship

Having two nationalities lets you travel easier worldwide while opening new business chances and letting you connect with multiple nationalities.…

March 18, 2025

Japan Plans Long-Range Missiles on Increasing Security Concerns

Japan will deploy long-range missiles on the southern island of Kyushu next year due to the regional tensions and uncertainties…

March 18, 2025

Singaporean Animator Samantha Suyi Lee Wins Emmy for Moon Girl and Devil Dinosaur

Samantha Suyi Lee, a brilliant Singaporean animator, director and storyboard artist has become the first to win a Children’s and…

March 18, 2025

Mahindra Launches XUV700 Ebony Limited Edition

Mahindra & Mahindra Ltd. has launched the XUV700 Ebony Limited Edition, a bold new version of its top-selling SUV with…

March 18, 2025

Toyota Enters Battery Supply Business: Honda to Source Toyota Batteries for U.S. Hybrids

In quite an unexpected twist, Toyota is stepping into the business of battery supply. The company will soon provide hybrid…

March 18, 2025

China Conducts Military Drills Near Taiwan Following Rising Tensions

On Monday China started military exercises close to Taiwan after Lai Ching-te kept promoting the separation of Taiwan from China.…

March 17, 2025