13MP Will Reinforce National Efforts To Develop High-Value Economic Sectors - Alliance Bank

KUALA LUMPUR, July 30 (Bernama) -- Alliance Bank Malaysia Bhd is optimistic that the 13th Malaysia Plan (13MP), to be tabled on Thursday, will reinforce national efforts to develop high-value economic sectors and provide a conducive environment for the banking sector's expansion.

Group chief executive officer Kellee Kam said the bank anticipated that the 13MP would build on the momentum of recent years, particularly in driving progress in energy transition, infrastructure, and high-technology industries.

"We do expect to see the 13MP continue the progress that we have been seeing over the last few years, and really, I think part of it will be the culmination of some of the government's initiatives in growing Malaysia into a higher-value destination. 

"We do hope to see additional progress towards the Energy Transition Plan, towards electronic and high-tech sectors, as well as continued investments in infrastructure for the good of the rakyat," he told reporters after the bank's annual general meeting and extraordinary general meeting here today. 

From the banking sector’s perspective, Kam believed the plan would provide a conducive environment for business growth. 

He also expressed hope that the 13MP would support long-term business and credit expansion, despite macroeconomic headwind.

The bank, he added, remains focused on mid-market commercial and consumer segments while aligning with national priorities.

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to table the 13MP, a five-year economic development blueprint, in the Dewan Rakyat tomorrow.

-- BERNAMA