• Efforts will be undertaken to modernise and digitalise operations and processes in the manufacturing sector.
• Implementation of Industry 4WRD will be intensified, particularly in developing local system integrator capabilities to provide innovative solutions related to digitalisation of production processes.

• A more targeted approach will be taken to move the economic sectors up the value chain, producing high value, diverse and complex products through technology adoption.
• Efforts will be intensified to embrace future industries in producing high value products and enable continuous productivity improvements in the manufacturing sector. In this regard, a centre of excellence for future industries will be established to coordinate and integrate best practices and research as well as provide support and training.

• Industries will be encouraged to accelerate the adoption and implementation of green practices, particularly sustainable consumption and production (SCP) practices.
• The expansion of green procurement initiatives will increase demand for green products and services and catalyse the industries to shift towards green practices. Industries will be urged to procure and utilise local green products and services.

The role of MSMEs will be enhanced to be a key driver for the development of the halal industry. High performing MSMEs will be groomed as home-grown halal local champions. This will involve upscaling production capacity and product quality as well as promoting local brands to be on par with global brands in improving access to the international market.

• Entrepreneurial development programmes will be further enhanced to inculcate the right mindset among aspiring entrepreneurs
• Incubation spaces will be established in rural and less developed areas to support aspiring entrepreneurs
• Outreach programmes will be intensified in boosting entrepreneurial capability and skills among youth, Bumiputera and specific groups
• Intrapreneurship development within organisations will be augmented

• Increase the number of innovative entrepreneurs, including youth, Bumiputera and specific target groups in strategic and high impact industries
• Entrepreneurs to continuously innovate by adopting advanced and digital technology including to intensify collaboration between entrepreneurs and researchers.

• Initiatives to accelerate the creation of high growth and innovative firms will include enhancement of targeted assistance for automation, digitalisation, AI and other 4IR technologies
• Focus will be given to strengthening the ecosystem for future industry start-ups by creating technology and digital entrepreneurial cluster
• Targeted assistance and access to financing will be improved for the development and adoption of new technology
• Training and development programmes related to automation, digitalisation and 4IR technologies will be strengthened
• A national MSMEs digitalisation roadmap will be introduced to drive the adoption of digitalisation
• The Vendor Development Programme (VDP) will be expanded in creating more competent Bumiputera vendors among MSMEs.

• Measures to enhance market access and opportunities will be further expanded
• Government Procurement will be fully leveraged to support MSMEs
• Linkages with large firms, especially MNCs will be strengthened in enabling MSMEs to have access to a bigger market; MNCs are encouraged to use locally produced materials by MSMEs
• Business-to-business (B2B) opportunities will be expanded through initiatives that encourage large companies to source locally from MSMEs - The ‘Buy Malaysia Campaign’ will be intensified
• Efforts will also be undertaken to leverage the benefits of FTAs in widening market access and accelerating the internationalisation of MSMEs.

• The cooperative movement among the B40 and rural communities will be further promoted
• Blueprint Perusahaan Sosial 2021-2025 will be introduced to further strengthen social enterprise development
• Program Perolehan Impak Sosial Kerajaan (PPISK) will be rolled out to enable the onboarding of social enterprises to the national e-procurement system

• A corporate governance toolkit for MSMEs will be developed to improve business efficiency and performance
• Relevant laws and regulations will be improved to ensure businesses and cooperatives remain vibrant
• Measures will continue to be undertaken to encourage registration of businesses in the informal sector
• A commissioner will be appointed to provide support for small businesses in securing payments on time and will act as a mediator
• A centralised database will be established to provide comprehensive information on entrepreneurship activities; MyAssist MSME, Pusat Internet Komuniti (PIK) and Pusat Internet Desa (PID) will be further strengthened
• Roles and functions of entrepreneurship development organisations (EDOs) will be strengthened and streamlined.

• Co-funding initiatives between the public and private sectors will be intensified (high-potential and innovative entrepreneurs / enterprises venturing into high value-added products and services)
• Role of the Development Financial Institutions (DFIs) will be revitalised
• Access to financing for new entrepreneurs, especially start-ups, will also be improved
• Financing procedures and processes will be simplified to expedite the approval and disbursement
• Intervention programmes will be introduced to assist failed entrepreneurs and mitigate the risk of bankruptcy.

• Capacity and capability of Bumiputera entrepreneurs will be enhanced by inculcating self-reliance, a competitive mindset and a high-performance culture
• Financial and non-financial assistances will be provided based on merit and needs
• Structured coaching and mentoring programmes will be strengthened through the involvement of successful entrepreneurs in sharing business ethics and best practices
• More Bumiputera entrepreneurs will be encouraged to venture into the digital economy

• Start-up entrepreneurship programmes including for youth & professionals will be intensified to enhance Bumiputera participation via training and advisory services in innovative and knowledge-based businesses
• Bumiputera participation in high potential industries e.g. halal, aerospace, creative industries will be facilitated through the acquisition of local and foreign technologies as well as intellectual properties (IP)
• Corporate sector will be encouraged to create Bumiputera crowdfunding aimed at providing alternative financing to Bumiputera entrepreneurs

• Involvement of Bumiputera MSMEs in the Vendor Development Programme will be further intensified by including anchors among MNCs to assist new Bumiputera vendors in increasing their participation along the supply chain in emerging industries such as bio-medical devices and aerospace
• Carve-out and compete initiative will be extended to various sectors in increasing effective Bumiputera participation in the economy
• Bumiputera MSMEs will be encouraged to form consortiums and cooperatives in enhancing their capacity and capability
• VentureTECH will be injecting capital into Bumiputera companies with potential
• Clear exit policy will be formulated to encourage successful Bumiputera MSMEs to be more independent and resilient

• SOEs will enhance collaboration with MNCs and global companies in identifying and assisting potential Bumiputera MSMEs.
• Smart partnerships between SOEs, R&D institutions and Bumiputera MSMEs will be intensified to develop and commercialise IPs as well as innovative products and services to penetrate new markets.
• Bumiputera businesses will be promoted in new growth areas across the country, while Development Financial Institutions (DFIs) will be urged to expand financial assistance, coaching and mentoring to support potential Bumiputera entrepreneurs venturing into high value-added activities.

• Better terms of financing for the purchase of properties will be introduced through collaboration between FIs, private developers and investors.
• Entrepreneur development organisations (EDOs) will be encouraged to acquire and develop commercial and industrial assets under the Rent-to-Own scheme for Bumiputera entrepreneurs.

• Bumiputera institutions, such as PNB, MARA and EKUINAS will collaborate with the Securities Commission and Bursa Malaysia in promoting investment literacy.
• Outreach programmes for initial public offering (IPO) opportunities will be intensified in encouraging individuals, companies and eligible Bumiputera cooperatives to apply for the Special Provision of Bumiputera Shares.

• Disposal of assets owned by the GLCs and GLICs in the non-strategic sectors will be coordinated in ensuring priority will be given to qualified Bumiputera entrepreneurs and entities
• Programmes to facilitate more Bumiputera companies to be listed will be expanded through improvements to the existing programmes
• Strategic collaboration with foreign investors and fund managers will be facilitated to raise funds for Bumiputera MSMEs and public listed companies (PLCs) to become global players
• PNB will facilitate to increase the participation of Bumiputera community in digital-based financial planning and investment services
• Bumiputera companies in high value-added, green and emerging industries will be developed through the VentureTECH performance-based investment programme

• Potential crops that have commercial value and traditional handicrafts will be further developed to fully exploit their potential.
• Microfinancing facilities and skills training will be provided for Orang Asli to become entrepreneurs, particularly in ecotourism, agrotourism as well as arts and handicrafts.
• State governments will be encouraged to enhance the gazettement of land for economic activities.

• Inclusiveness of PWDs in education and training, employment, financing as well as sports will be enhanced.
• More economic opportunities will be made available for PWDs through various platforms, including the sharing and digital economies.

• MSMEs in the key growth nodes and hotspot areas, will be encouraged to move up the value chain and participate in high value-added activities.
• Efforts will be undertaken to facilitate industries to embrace the 4IR through the adoption of technology, automation and innovation, particularly in complex industrial processes. 
  

• Industries will also be encouraged to implement green growth initiatives by adopting green technology and best practices.

• Efforts to enhance R&D&C&I will be intensified to increase productivity, particularly among MSMEs
• Industries will be encouraged to collaborate with HEIs and research centres to embark on research that focuses on the specific needs of the industries and communities in each region
• Anchor companies will be identified to assist MSMEs in the less developed regions
• In the agribusiness industry, anchor companies will take up an active role in providing technical assistance and greater market access to small scale agropreneurs to provide wider growth opportunities to MSMEs

• Efforts will be undertaken to intensify talent development and reduce skills mismatch to meet industry demand as well as enhance entrepreneurship development in every region.
• Talent development programmes will continuously be revised, emphasising 4IR knowledge and skills to keep pace with the dynamic requirements of industry.
• Tailored training concerning the identified key economic activities in each region will be undertaken through collaboration with respective HEIs and TVET institutions.
• Industries will be encouraged to provide internship programmes.
• Entrepreneurship programmes will also be enhanced to spur new businesses and produce more job creators at the regional level.

• MSMEs will be encouraged to increase participation in the broader production networks encompassing large firms and MNCs to move up the value chain, open up new business opportunities, increase market access and facilitate the adoption of 4IR technologies.
• Triple helix model will be leveraged to provide advisory and consultation services on the application of the latest technologies.
• Analytical tools will be utilised to assist in providing predictive information for data-driven decision-making.

• MSMEs will be encouraged to diversify and modernise cross-border economic activities as well as venture into downstream industries.
• Cross-border economic activities will be accelerated by adopting the digital platform, promoting private sector participation and developing talent through upskilling and reskilling.
• A strategic action plan will be formulated to accelerate cross border value chain development. In line with the project-centric approach of IMT-GT Vision 2036 and BIMP-EAGA Vision 2025, at least 30 catalytic projects with a strong focus on enhancinglocal economic activities will be identified.  approach of IMT-GT Vision 2036 and BIMP-EAGA Vision 2025, at least 30 catalytic projects with a strong focus on enhancing local economic activities will be identified. 

• Efforts will be intensified to re-energise the rural cottage industry through various initiatives in supporting MSMEs.
• Natural endowments and resources will be leveraged to create business and employment opportunities as well as generate additional income for the rural population.
• Private sector and social enterprises will be encouraged to participate in rural economic activities.

• Increase demand for local green products, services and technologies as well as encourage the private sector to undertake green procurement. To enhance capability and prevent greenwashing, local industries, especially MSMEs, will be encouraged to participate in green industry development programmes, including capacity building, certification, dissemination of information and business matching.
• Initiatives to facilitate industries to obtain green labels will be enhanced by providing appropriate financial mechanisms and technical expertise.

• The use of energy by high-intensity consumers in the industrial and commercial sectors will be regulated through the formulation of an act related to energy efficiency and conservation.
• The Energy Audit Conditional Grants (EACG) will continue to be given to selected industrial and commercial sectors to enhance energy efficiency.

• The private sector will also be encouraged to invest in water sector transformation projects such as wastewater resource recovery, R&D&C&I and smart technology applications.
• The existing Green Technology Financing Scheme will also be leveraged to inculcate water saving habit and promote circular economy practices among water-intensive industries.

• Guidelines will be developed to facilitate employers to reorganise their work systems to improve compensation of employees. The guidelines will be disseminated to firms especially MSMEs.
• Firms will also be encouraged to adopt new models for better distribution of profits. Such models include the employee ownership trust (EOT), whereby the holdings of the firms are placed under a trust controlled by employees.
• A model to mandate profit sharing of firms based on a minimum number of employees will be introduced. These new models of ownership will ensure profits are broadly shared, while the workers are given a stake in the firms.
• Efforts to increase membership in trade union will be intensified to enable stronger bargaining power in wage negotiations. Co-determination approach will be introduced to allow worker representatives at the decision-making level. These measures will facilitate better involvement and engagement of employees with employers in determining the compensation structure of firms.

• Review the multi-tier levy mechanism every two years to reduce the dependency on foreign workers and promote greater local participation in the labour market.
• A specific policy will also be introduced to reduce dependency on foreign workers to ensure that they leave the country after a certain period. Employers will adhere to this policy through an undertaking as a prerequisite for permit approval.
• Employers hiring expatriates will also be subjected to the specific policy. In this regard, the salary scale of expatriates in all categories will be revised upwards to ensure that only jobs with skillsets that are not available locally are offered to expatriates.
• The excess levy collected through the implementation of multi-tier levy mechanism will be channelled to industry for the purpose of increasing job opportunities and implementing upskilling and reskilling programmes for locals. Among the initiatives that can be funded include industry automation and mechanisation. The fund will also be used to incentivise employers to create a more conducive working environment to attract locals.
• The current insurance guarantee mechanism will be replaced with a new mechanism, which requires deposit equivalent to total deportation cost, to prevent foreign workers from overstaying. This effort will be implemented together with the Holistic Enforcement Plan for Illegal Immigrants, the Foreign Workers Action Plan and the Recalibration Plan for Illegal Immigrants.
• Females with secondary educational attainment will be encouraged to participate in labour market through home-based economic activities while continuing with household responsibilities. In addition, a new law will be introduced to mandate employers to provide childcare facilities, of which penalties will be imposed for those who failed to comply.
• The Returning Expert Programme (REP) will be enhanced to make it compulsory for all Malaysians who are working, are going to and are coming back to report to the government. A comprehensive database for the Malaysian diaspora will be established to better utilise available talent for the national interest.

• The Human Resource Development Corporation levy reimbursement mechanism will be revised to support more training for low- and semi-skilled workers who are susceptible to be displaced with the emergence of 4IR technologies.
• An extensive review of the current standard classification of occupations to incorporate information on skills requirement will be undertaken to establish a comprehensive and dynamic national skills framework.

• Initiatives by various stakeholders will be coordinated by the newly established National Employment Council (NEC) chaired by the Prime Minister.
• The employment services portal will be enhanced to enable redistribution of the workforce disrupted by the COVID-19 pandemic besides redeployment of displaced workers due to automation.
• Efforts to move industry to higher value-added activities through automation will be continued. The related incentives will be reviewed to incorporate components in facilitating necessary training for employees to effectively work with new automation technologies.

• A social protection scheme, which includes unemployment and health benefits, as well as retirement savings, will be enhanced.
• A training fund for gig workers will be established to assist in upgrading their skills in order to move to a more favourable employment.

• An existing facility will be upgraded as a dedicated training hub for learning, knowledge sharing, and capacity building for the employers, employees and enforcement officers.
• -   The Hub will also provide certification to employees from the private sector as human resource practitioners in undertaking firm level assessment on compliance with the labour laws and regulations.

• MSMEs will be encouraged to adopt digital technologies in production, processes and business services, mainly in the back-end of business operations.
• -   Training and awareness programmes will be implemented for MSMEs to enhance readiness to digitalise and compete in the international market. Appropriate digital solutions will be identified and proposed to match the level of business readiness through digital adoption incentives.
• -   A holistic financing mechanism will be provided to accelerate the adoption of digital solutions by MSMEs. The eBerkat initiative will be further promoted to assist MSMEs as well as entrepreneurs among the B40 in acquiring knowledge, securing insurance and accessing micro-financing services. MSMEs and entrepreneurs digitalisation needs and peer-to-peer financing will be identified. This will enable the MSMEs to participate in bigger markets and expand their businesses internationally.

• One-stop service centres will be established to guide and facilitate the on-boarding of MSMEs to venture into business and go global. In addition, a comprehensive database will be developed to enhance the planning and monitoring of the MSMEs development.

• The coverage and effectiveness of eRezeki and eUsahawan programmes will be improved to increase the digital skills and opportunities for the targeted groups, including those involved in the sharing economy.

• EPU will ensure at least 50% of total R&D expenditure under RMKe-12 is for experimental development research with high commercialisation potential. Measures will be undertaken to increase access to alternative financing including through venture capital and international funding.
• -   Endowment fund will be established to source funds from industry, matching grants, crowdfunding and waqf, for STI-related R&D activities, which expected to increase the percentage of GERD to GDP to 2.5% by 2025.

• Efforts will be intensified to establish a conducive ecosystem, including by enhancing the capabilities of MSMEs and improving coordination in implementing existing programmes and initiatives. Ten potential sectors will be focused for applications of the Fourth Industrial Revolution technologies.            

• 4IR innovation parks will be established to provide a secure testbed and pool together with 4IR technology providers to stimulate new technology breakthroughs. The parks, supported by 5G-enabled key services, among others cloud computing and supercomputers, will provide access for MSMEs and innovators to develop products and solutions utilising emerging technologies such as AI, IoT and big data analytics.

• The regulatory sandbox will be further expanded beyond fintech to other technologies in various sectors, which will allow start-up companies and innovators to test solutions under a controlled and supervised regulatory environment.
• A performance-linked incentives related to 4IR technology adoption will be expanded to non-manufacturing sectors to reap the benefits of 4IR.
• A dedicated tech fund will be established to encourage companies, especially MSMEs to adopt 4IR technology. A portion of funds will be sourced from the additional levy collected from the implementation of the multi-tiered levy on foreign workers.
• Training for 4IR-related skills will also be provided by various skills training institutions in collaboration with industry players to meet industry demand.

• Logistics industry will be encouraged to adopt multimodal cargo movement approach to enhance logistics services capability and reduce the cost of distribution.
• A multimodal cargo movement uses multiple modes of transport with one transport bill of lading and a single transport service provider. Single service providers will be responsible for moving the shipment in all routes and modes. This will expand access to remote areas and real-time shipment tracking, resulting in improved service availability, reliability and efficiency.

• The rail networks within main ports and access roads to main ports will be upgraded. Cargo hubs at strategic locations adjacent to the ports will be identified to provide integrated logistics facilities.

• uCustoms, a single-window transaction platform, will be fully operationalised to further improve the ease of doing business by providing a web based, electronic end-to-end solution. The platform will enable permit issuing agencies to use uniformed operating procedures. It will also enable cost savings and remote working.

• Mandatory adoption of environmental standards such as the National Green Standards for transport operators will be imposed to expedite the implementation of green practices in the transport and logistics sectors. Incentives will be provided to encourage the adoption of these standards.
• The Green Transport Index will also be introduced to promote clean and sustainable transport systems as well as resilient infrastructure for efficient mobility.

• In the land transport sector, the use of low carbon alternatives such as energy-efficient vehicles, hybrid and electric vehicles will be promoted.

• CEPA programmes will be intensified, targeting transport operators, manufacturers, service providers and users of transport and logistics services. Therefore, collaboration among stakeholders will be strengthened in implementing CEPA to induce green behaviour among users.