00:00What are your thoughts on the development of Malaysia's economy?
00:08The development of the economy that was shared by Dato' Sri Uzair was certainly a good baseline for us,
00:20especially now that the country is in the process of drafting the 13th Malaysia Plan.
00:29The 13th Malaysia Plan is our only chance to ensure that the requirements that need to be met must be met.
00:39With the economic transition that we are planning, some of the changes need to happen structurally and cannot be made up.
00:55If a pillar is replaced by a new one, the time is short because we are not in a vacuum.
01:08Therefore, our understanding of the current situation is important so that we can set the right targets.
01:18For example, if we look at the economy, it involves 1.2 million households.
01:29Out of that, 1.1 million households are active households.
01:36We may feel that 1.1 million households is a lot.
01:41It has not yet reached the level of 1.1 million households.
01:49But if we look at other countries, where the economy and households are more sustainable,
01:58the complexity of the economy is more accurate to our targets, the gap looks big.
02:07Then, DOSEM and other relevant departments and the whole of our economy
02:15have a big challenge in bringing our economy back to a level that meets our plans in the future.
02:31We are aware of the changes in our economy.
02:40Some of them are good, some of them are challenging.
02:48If we look at the number of businesses in the sectors that are given pressure in the economic economy,
03:01we are far behind.
03:04The number of businesses in the IC design industry is still within our reach.
03:15The number of high-tech consumer products is still within our reach.
03:23We are still dependent on electronics exports as the country's main export,
03:32apart from oil and gas and oil palm oil.
03:35These are things that will be taken as a baseline.
03:43God willing, in RMK13, new targets will be given
03:51that will ensure that the economic banks that will come,
03:58we will be able to follow up on how the sectors that are given pressure can grow rapidly
04:07and the sectors that we may need to exit, we may not be as economical as before.
04:18These are things that will be our focus in the next 12-24 months.
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