Sunday, November 14, 2010

The Economic Transformation Programme (ETP) - A Roadmap for Malaysia

Resulting from the results and targets of the 1,000-person workshop and 500-person laboratories orchestrated by the Performance Management and Delivery Unit (PEMANDU), Najib has launched the Economic Transformation Programme (ETP): A Roadmap for Malaysia on 25 October 2010.

The ETP contains action plans, hopefully will transform Malaysia into a high-income nation by 2020. This is charted by lifting Malaysia’s gross national income (GNI) per capita from US$6,700 (RM23,700) in 2009 to more than US$15,000 (RM48,000) in 2020. In order to achieve this target, GNI need to continuously grow at the rate of at least 6% per annum.

The ETP is planned to be driven by 12 National Key Economic Areas (NKEAs) announced in the 10th Malaysia Plan, which are:
  • Oil, Gas and Energy
  • Palm Oil
  • Financial Services
  • Tourism
  • Business Services
  • Electronics and Electrical
  • Wholesale and Retail
  • Education
  • Healthcare
  • Communications Content and Infrastructure
  • Agriculture
  • Greater Kuala Lumpur/Klang Valley

It seems that areas ruled by MPSJ, including Subang Jaya, USJ, Bandar Sunway, Puchong, Kinrara, Seri Kembangan, etc. will be at the heart of Greater KL, and hopefully will be greatly benefited from the plan.

However, the planned MRT system under Greater KL, where the Red Line linking Damansara to Serdang, and the Green Line linking Kepong to Kajang, seems to have bypassed the heart!

Under the ETP, 131 Entry Point Projects (EPP) and and 60 Business Opportunities (BO) were planned, spanning across the 12 NKEAs. They include:
  • Expanding the production of swiftlet bird nests (燕窝)
  • Seaweed farming in Sabah
  • Mushroom project
  • Establishing dairy clusters in Malaysia
  • Growing aviation support services
  • Building globally-competitive outsourcing services
  • Data centre and green technology
  • Islamic financial services
  • Launching EduCity @ Iskandar
  • Solid state lighting (SSL)
  • Home appliances and semi-conductors
  • Solar energy
  • Developing health metropolis
  • Connecting to Singapore via a high-speed rail system
  • Deploying nuclear energy for power generation
  • Building a regional oil storage and trading hub
  • e-Healthcare, e-Learning and e-Government
  • Positioning Malaysia as a duty free shopping destination for tourist goods
  • etc.
Click here to go to the download page of The Economic Transformation Programme: A Roadmap for Malaysia


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