KUALA LUMPUR, Oct 8 — The government is confident of achieving its target of raising workers’ compensation to 40 per cent of gross domestic product (GDP) by 2030, in line with the aspirations of the 13th Malaysia Plan (13MP), Deputy Economy Minister Datuk Mohd Shahar Abdullah said.
He said the government, through the Economy Ministry, would accelerate structural economic transformation towards a high-value economy driven by innovation, digitalisation, advanced technologies and knowledge-intensive activities to raise workers’ compensation.
“This structural transformation will create more skilled jobs offering higher wages.
“Implementation of national strategic initiatives such as the New Industrial Master Plan (NIMP) 2030, National Semiconductor Strategy (NSS) and National Energy Transition Roadmap (NETR) will attract more high-quality investment opportunities,” he said during a question-and-answer session in the Dewan Rakyat today.
