Photo: Almost empty domestic terminal at Kuala Lumpur International Airport on September 8, 2020 due to COVID-19 movement and travel restrictions . Tan Wen Sen/Shutterstock

Halal Industry Islamic Finance Islamic Lifestyle

Delay continues for release of Malaysia’s 2021-2025 development plan


KUALA LUMPUR - Malaysia has suspended the announcement of its long-awaited twelfth five-year plan until at least January, since the pandemic has thrown any previous government data “out of the window”, according to a senior cabinet minister.

Mustapa Mohamed, the minister in the Prime Minister’s Office responsible for the economy, said that a third coronavirus wave has delayed Malaysia’s anticipated recovery in the fourth quarter of this year, and it continues to impede the government from naming its five-year development priorities, more than four months after this was anticipated.

Speaking at an event hosted by the World Bank Group in Kuala Lumpur on Thursday (Dec 17), the minister acknowledged the fourth quarter would be “more challenging” than expected, especially after the return of movement restrictions for most Malaysians in late August.

Continue reading

Free, in under 30 seconds

Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.

Joined by 12,000+ Islamic economy professionals
  • 5 free articles every month
  • Weekly Islamic-economy newsletter
  • Save articles to read later

tags:

Macroeconomy