Jakarta post, March 03 2014:
Malaysia is on the right track to becoming a developed nation by 2020, Prime Minister Najib Tun Razak reiterated Monday.
In his monthly address to staff of the Prime Minister's Department, Najib said the country has shown an impressive growth in its trade, investment and economy due to the government's inclusive and solid policies.
He said savings gained from the government's subsidy rationalisation measures would be used to finance more development under the 11th Malaysia Plan.
"There are many projects to look into, such as more schools to be built and increasing the capacity of water plants, and each of these requires large costs.
"We are sensitive to the people's concerns over the rising cost of living, and we take measures to monitor these prices and provide targeted subsidies.
"These are for the growth of our economy and I hope we will all give our support (to the government's policies)," Najib said at the assembly here.