Etp turns one-1_november_2011

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Etp turns one-1_november_2011

  1. 1. ETP Progress Update……after 1 year of implementation ETP launched by YAB PM on 25th October 2010 Progress is encouraging against key targets (Investments, GNI, Jobs) Malaysia’s Global Ranking in Various Indicators Have Improved
  2. 2. To Become A High Income Nation,We Need: Focus & Competitiveness We need “Drivers” to We need “Enablers” ensure focus to ensure competitiveness NKEAs SRIs
  3. 3. Overview Of ETP • USD15,000 (RM48,000) Gross National Income (GNI) per Capita GNI • USD523 Billion (RM1.7 Trillion) GNI • 6% GDP Growth per Annum Transformational • 3.3 Million JobsFocus Actions Additional• 12 NKEAS Jobs• 131 EPPs• 60 BOsCompetitiveness • USD444 Billion (RM1.4 Trillion)• 51 Policy Measures Investment• 6 SRIs & Natural Homes Investment • 92% Private, 8% Public Investment • 73% Domestic, 27% Foreign Direct Investment
  4. 4. Updates by the Prime Minister 25 Oct 2010 25 Oct 2010 25 Oct 2010 19 Apr 2011 RM 171 billion 9 projects 12 projects Committed Investment 25 Oct 2010 30 Nov 2010 25 Jun 2011 13 Oct 2010 RM 229 billion 9 projects 15 projects Potential GNI 25 Jan 2011 11 Oct 2010 5 Jul 2011 70 EPPs 19 projects 6 Strategic Reform Initiatives Off The Ground 25 Oct2011 8 Mac 2010 25Sep 2011 8 Oct 2010 23 projects 10 projects 372,361 Jobs Created in 2020
  5. 5. From 131 EPPs, 97 projects under70 EPPs are off the ground 60 50 50 40 30 Operational Commenced 20 52% Work –in-Progress 10 30 17 31% 17% Projects Announced Operational Or Commenced (83% of 97 projects)
  6. 6. Achievements To-Date 97 Initiatives Total Investment Investment in 2011 To be Realised 2012 and beyond 36% 91% Committed For 2011 ~RM5billion ~RM156 billion 9% ~RM 15 bilion Realised 64% ~RM10 billion* Numbers are approximate as of 15th October 2011 as they are collated from various private sector companies.
  7. 7. NKEAs tracking to 2020 Targets Target = Target = Target = RM1.7 T RM1.4 T RM3.3 M (by 2020) (by 2020) (by 2020) 100% 13% 12% 11% RM228 B RM171 B 372,361 GNI Investment Job Forecast Commitment ForecastSource: PEMANDU Analysis (Oct 2010 - June 2011)
  8. 8. 1st half performance against 2011 targets Target = Target = Target = RM494 billion RM83 billion 684,000 jobs 100% RM51.2 bil RM288 bil (62%) 344,000 jobs* (58%) (50%) Private GNI Jobs InvestmentSource: Department of Statistics H1 GDP Growth: 4.4%*To be verified
  9. 9. Private Investments in H1 2011Grew by 23.4% RM51.2 billion H1 2011 RM41.5 billion H1 2010
  10. 10. Increasing Private Sector Investments RM83 billion target • RM41.2 billion base load investments realised • RM10 billion EPP 61.69% realised. RM5 billion to be realisedSource: Department of Statistics
  11. 11. Strategic ReformInitiatives (SRI)1 2 3 Int’l Standards Public Public Service & Liberalisation Finance Delivery 9 policies 5 policies 7 policies4 5 6 Narrowing Human Capital Government‘s Disparities / Development Role in Business Bumi SMEs 9 policies 5 policies 2 policies
  12. 12. Competition & LiberalisationCompetition Act 2010• Passed - to be implemented in January 2012• Prohibits anti-competitive agreements• Malaysia Competition Commission set up 17 Services Sub-Sectors To Be Liberalised • Up to 100% foreign equity participation will be allowed in phases in 2012 • Private hospital services; medical & dental specialist services; • Architectural, engineering, accounting and taxation, & legal services • Courier & telecommunications services • Education and training services
  13. 13. Expenditure Control To Improve Public Finance Enhance & widen scope of E-Bidding • Reduce existing threshold value from RM200k to RM50k for Transparent the procurement of good & services Procurement • Est. additional savings RM20 million in 2011. ‘Step-down’ (From Full to Partial) Exemption for Shipping Income Rationalisation • Income tax exemption for shipping companies reduced of Corporate to 70% from 100% of statutory income in 2012 Budget Tax Incentives • Est. additional revenue : RM127.8 million in 2012 Value Management (VM) for OE Procurements Expenditure • Est. savings RM296 million of original project Control costs in 2012
  14. 14. Public Service Becoming Lean & Efficient Business Process Reengineering (BPR) to expedite business licensing processes Reduction of business licenses from 637 to 307 (52%) to ease doing business in Malaysia Improved public service delivery through real -time performance monitoring and counter rating system  Rating of police counter service through SMS Rating Machine
  15. 15. Human Capital Dynamics Minimum Wage Upskilling/Reskilling National Wage Consultative Council (NWCC) Bill passed in The MyProCert programme Parliament launched on 11 Oct 2011Progress Jul Aug Sep Oct Nov DecOf HCDIn 2011 Employment Act 1955 (Phase 1) passed in Parliament on 6 Oct 2011 Partnership with industry  National Talent Enhancement Programme (NTEP) launched in 5 1st reading of regions with 550 placements across Minimum Retirement Age Bill Malaysia to be tabled in Parliament
  16. 16. National Key Economic Areas Implementation in Action
  17. 17. Tourism NKEA : Johor Premium Outlets• Construction 95 percent completed• Sneak preview on 2 Dec 2011• Grand opening ceremony on 11 Dec 2011• More than 80 designer and brand names have confirmed their presence at Johor Premium Outlets.
  18. 18. Oil, Gas and Energy NKEA : PengerangIndependent Petroleum Terminal • Phase 1 started in Oct 2011 • Facility to be completed by Dec 2013 for first oil commissioning in January 2014 • Global Incentives for Trading (GIFT) launched on 31 Oct to encourage trading companies to set up in Malaysia
  19. 19. Education NKEA : UCSI Premium HealthTownship• Piling and earthworks complete in Bandar Springhill, Negeri Sembilan• Construction on international school, university hospital and resort hotel & convention center underway
  20. 20. Palm Oil NKEA : Increased Oil ExtractionRate• 186 mills with a dedicated MPOB Quality Enforcement Officer• Oil extraction rate improved from 19.70 percent in Jan 2011 to 20.54 percent in Sept 2011 - RM2.2. billion increase in CPO production
  21. 21. Business Services NKEA : Strand AerospaceMalaysia• Centre of Excellence in Petaling Jaya fully operational in Q3 2011• Contracts with European companies including Ferchau Engineering (Germany), Spirit Aerosystems (UK)
  22. 22. Wholesale and Retail NKEA : TUKAR(Small Retailers Transformation Programme)• 315 shops transformed (FY2011 target: 500 shops)• Retailer income increased by 30-80 percent• Successful collaboration between large retailers (Mydin, Carrefour, Tesco, Aeon) and small retailers
  23. 23. Agriculture NKEA : Fragrant Rice• First harvest in September in Gurun, Kedah• Fragrant rice marketed under the Regenta brand name in Justlife stores• Anchor company Infoculture to scale up planting to 188 hectares (FY target : 150 hectares)
  24. 24. Communciations Content and InfrastructureNKEA : Telepresence Exchange • Telepresence Exchange completed. • 3 sites for the Telepresence services are operational i.e. Menara VADS, Menara TM and PT VADS Indonesia. • Service demo with potential clients are ongoing.
  25. 25. Electrical and Electronics NKEA : QAVTechnologies • LED testing facility • Facility complete and operational in Bayan Lepas, Penang • First ANSI-certified facility outside of US
  26. 26. Healthcare NKEA :Clinical Research Malaysia (CRM) • CRM set up to facilitate clinical trials in Malaysia • 280 clinical trials completed (FY 2011 target: 230 clinical trials) • RM58.2 million in GNI as of May 2011
  27. 27. Implementation Update : Talent Corp• Over 450 Malaysians have returned under this Returning Expert Programme.• Resident Pass Implemented has more than 300 applicants approved since April 2011.• Bond Transfer Programme in implementation phase• Scholarship Talent Attraction and Retention (STAR) Programme launched in August 2011
  28. 28. Ensuring Implementation
  29. 29. ETP Governance Structureto ensure delivery Secretariat ETP Updates, Annual Report Monthly, Annual Economic Council Weekly NKEA Investment Monthly Steering Committee Committee Lead Monthly Bi-Monthly Ministries Respective Ministries / EPP / BO EPP owners Daily owners
  30. 30. Progress is Monitored WeeklyWeekly reports xxx
  31. 31. Validation
  32. 32. Consumer Remains Optimistic… 120 107 110 103 105 98 99 101 100 96 95 87 81 80 60 40 • Malaysia is #10 from 56 countries 20 surveyed 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 Source : Nielsen Consumer Confidence Index
  33. 33. FDI, Trade Grew Strongly In 1H FDI Trade RM21.2b RM614.3b 1H 2011 1H 2011 76% 7.9% RM12.1b RM569.3b 1H 2010 1H 2010Source: Department of Statistics Source: Ministry of International Trade & Industry
  34. 34. Easing Doing Business Starting a business World Bank One stop station for all registration Doing Business Report 2012 Paying taxes Reintroduced RPGT – but improved #18 electronic system Enforcing contracts Computerisation of courts Resolving insolvency Set up dedicated commercial courts #23 #23 Ahead of Germany, Japan, Taiwan, Switzerland, Belgium & France 2010 2011 2012
  35. 35. Becoming More Competitive World Economic Forum Global Competitiveness Report #21 out of 142 countries globally #6 amongst Asia Pacific countries #2 in ASEAN #21 #24 Malaysia scored 5.08 points out of a #26 maximum of 7, compared to 4.88 last year Overtook UAE, New Zealand, South Korea, Luxembourg & Israel 2009 2010 2011
  36. 36. We are on the righttrajectory
  37. 37. THANK YOU+ www.pemandu.gov.my/etp+ www.pemandu.gov.my/etp/blog+ www.facebook.com/etpmalaysia+ @etp_roadmap
  38. 38. Increasing Private Sector Investment RM83 billion Private Investment target RM51.2 billion H1 2011 61.69% RM41.5 billion H1 2010
  39. 39. Targets In Sight 2011 Realised GNI As At June 2011 RM206b (42%) Realised RM288b To Be Realised (58%)Source : Department of Statistics
  40. 40. Auditor General Report 2010 National Audit Department conducts audits to ascertain whether financial management of Ministries and Departments was in accordance to established laws and financial regulations. Federal Federal Ministries Departments“Excellent” ratings: 2010* 25 13 150% 225% 2009** 10 4 *There are specific areas of improvement where necessary action will be taken**2010: 25 Federal Ministries, 35 Federal Departments Audited**2009: 25 Federal Ministries, 44 Federal Departments Audited
  41. 41. Auditor General Report 2010 • National Audit Department audited 25 Federal Ministries and 35 Federal Departments to ascertain whether their financial management was in accordance to established laws and financial regulations. • For the year 2010, the financial management performance of 17 Ministries and 13 Departments were rated as excellent while 8 Ministries and 22 Departments were rated as good. • In general, the level of financial management of Ministries/Departments in 2010 showed a better performance as compared to 2009. There were 17 Ministries being rated as excellent in 2010 as compared to 10 Ministries in 2009. • The performance of financial management at the Departments’ level in 2010 was also very encouraging where 13 Departments were rated excellent as compared to 4 Departments in 2009. • Besides that, the Headquarters and 14 state branches of the Road Transport Department as well as 4 Malaysian Missions Offices abroad under the Ministry of Foreign Affairs were also audited. • Results from the audit carried out showed that the overall financial performance at the Ministries/Departments level for the year 2010 has improved as compared to year 2009 and previous years. • These performances can still be further improved
  42. 42. Auditor General Report 2010 Federal Federal Ministries Departments “Good” ratings: 2010* 8 22 2009** 15 36*2010: 25 Federal Ministries, 35 Federal Departments Audited**2009: 25 Federal Ministries, 44 Federal Departments Audited
  43. 43. Auditor General Report 2010 Overall Financial performance •Federal Government received revenue totalling RM159.65 billion, which is an increase of RM1.01 billion (0.6%) as compared to RM158.64 billion for the year 2009. •It was also reported that loans taken out by the government was reduced by almost 28% to RM77.23 billion, compared to RM107.17 billion in 2009.
  44. 44. Baseline

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