Malaysian Economic & Political Update - By the Asian Strategy & Leadership Institute (ASLI)

  • 647 views
Uploaded on

By the Asian Strategy & Leadership Institute (ASLI) - …

By the Asian Strategy & Leadership Institute (ASLI) -

Doing Business With Malaysia Forum - 26 October 2009

More in: Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
647
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1.     MALAYSIA ECONOMIC & POLITICAL UPDATE   Presentation by: DATO’ DR MICHAEL YEOH Chief Executive Officer / Director Asian Strategy & Leadership Institute (ASLI)
  • 2.  The March 8, 2008 General Elections brought about unexpected results. Riding on a wave of change, the Opposition won on an unprecedented scale – capturing 5 out of 12 State Governments and gaining majority of seats in the Federal Territory.  BN lost 7 out of 8 by-elections since the GE but won with a bigger majority in a State Seat on Sunday 11 th October reversing a string of losses. Malaysian Politics Becoming More Stable 1
  • 3.  PM Najib has introduced greater vigour into UMNO. Embarked on a Reform Agenda. Amended UMNO Constitution to make Party more democratic. Reinventing UMNO and rebuilding confidence.  PM Najib promoted new 1Malaysia philosophy putting People First, Performance Now as the new mantra. Malaysian Politics Becoming More Stable 2
  • 4.
    •  Introduced KPI’s for Government Ministers and key priorities to focus on 6 key National Key Results Areas.
    • BN’s partners – component parties in BN still stuck with intra-party infighting, may not be able to deliver Chinese and Indian votes to BN.
    •  Dato Seri Anwar Ibrahim remains a formidable foe.
    Malaysian Politics Becoming More Stable 3
  • 5.
    •  Worst is over. 4 th Quarter expected to turn around. For 2009 about minus 1%-3% GDP growth.
    •  Government announced two economic stimulus measures amounting to RM66 billion.
    •  PM Najib’s places utmost priority on Economy – staked reputation on economic recovery and sustainable growth.
    • Liberalised economy – 27 services subsectors / freeing up of FIC guidelines.
    Malaysian Economy Bouncing Back 4
  • 6.  Focusing on new growth model – new drivers of growth needed.  Current growth drivers – oil and gas, construction, palm-oil, electronic exports not sustainable in long term.  New growth model will focus on increasing domestic consumption and services sector – Islamic Finance, Professional Services, Tourism, Education, Healthcare, ICT and Biotechnology, Transport & Logistics, Clean Energy, Green Technology. Malaysian Economy Bouncing Back 5
  • 7.  Key Challenges - - sustainable GDP growth – national competitiveness - inclusive growth – imbalances and poverty eradication - employment creation – spectre of jobless growth - education reforms and human capital development - environmental sustainability - crime and corruption Malaysian Economy Bouncing Back 6
  • 8. THANK YOU Dato’ Dr. Michael Yeoh [email_address] Asian Strategy & Leadership Institute (ASLI) 1718 Jalan Ledang, Off Jalan Duta, 50480 Kuala Lumpur, Malaysia Tel: +60 (0)3 2093 5728 Fax: +60 (0)3 2093 4178 Web: www.asli.com.my