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

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

By the Asian Strategy & Leadership Institute (ASLI) -

Doing Business With Malaysia Forum - 26 October 2009

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  • 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: