MALAYSIA ECONOMIC & POLITICAL UPDATE   Presentation by: DATO’ DR MICHAEL YEOH Chief Executive Officer / Director Asian...
 The March 8, 2008 General Elections brought  about unexpected results. Riding on a wave  of change, the Opposition won o...
 PM Najib has introduced greater vigour into  UMNO. Embarked on a Reform Agenda.  Amended UMNO Constitution to make Party...
<ul><li> Introduced KPI’s for Government Ministers  and key priorities to focus on 6 key  National  Key Results Areas.  <...
<ul><li> Worst is over. 4 th  Quarter expected to turn  around. For 2009 about minus 1%-3% GDP  growth. </li></ul><ul><li...
 Focusing on new growth model – new drivers of  growth needed.  Current growth drivers – oil and gas, construction,  pal...
 Key Challenges - -  sustainable GDP growth – national        competitiveness -  inclusive growth – imbalances and povert...
THANK YOU Dato’ Dr. Michael Yeoh [email_address] Asian Strategy & Leadership Institute (ASLI) 1718 Jalan Ledang, Off Jalan...
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Malaysian Economic & Political Update - By the Asian Strategy & Leadership Institute (ASLI)

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By the Asian Strategy & Leadership Institute (ASLI) -

Doing Business With Malaysia Forum - 26 October 2009

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

  1. 1.     MALAYSIA ECONOMIC & POLITICAL UPDATE   Presentation by: DATO’ DR MICHAEL YEOH Chief Executive Officer / Director Asian Strategy & Leadership Institute (ASLI)
  2. 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. 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. 4. <ul><li> Introduced KPI’s for Government Ministers and key priorities to focus on 6 key National Key Results Areas. </li></ul><ul><li>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. </li></ul><ul><li> Dato Seri Anwar Ibrahim remains a formidable foe. </li></ul>Malaysian Politics Becoming More Stable 3
  5. 5. <ul><li> Worst is over. 4 th Quarter expected to turn around. For 2009 about minus 1%-3% GDP growth. </li></ul><ul><li> Government announced two economic stimulus measures amounting to RM66 billion. </li></ul><ul><li> PM Najib’s places utmost priority on Economy – staked reputation on economic recovery and sustainable growth. </li></ul><ul><li>Liberalised economy – 27 services subsectors / freeing up of FIC guidelines. </li></ul>Malaysian Economy Bouncing Back 4
  6. 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. 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. 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

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