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YB Senator Dato Sri Idris JalaCEO of PEMANDU
Minister in Prime Ministers Department
Economic Transformation
ProgrammeOpen DayKey Note Address
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PM introduced
4 strategic thruststo transform ustowardsVision 2020
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People First
Performance Nowwas a first step
to unite our people
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We establishedthe GTP based onwhat the rakyatwants
Merdeka
Centre Polls
PublicPerception
Survey
CabinetPolls
MediaAnalysis
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The GTP isalready deliveringresults in8 months ....
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15% dropin overall
Index Crime
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39% drop instreet crime
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2.4 millionincrease in
LRT ridership
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54,569 children
are benefiting from1,358 pre school
classesand 9,816 schools
have been ranked
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Out of 44,643 households,
46% reduction(23,679) of
hardcorepoor
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3712 government
contractshave been
published on line
myprocurement.treasury.gov.my
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520 arrests &
192 people convictedof corruption
have beenpublished
in MACCwebsitewww.sprm.gov.my
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Now lets look atour economy ..
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Malaysia is one of only13 countries in the worldto have sustainedgrowthof over
7% for 25 yearsor more since 1945
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Recent global events hadbrought us down..
-10
-5
0
5
10
15
1990 2000 2010
G D P G r o w
t h , 1
9 9 0 - 2 0
1 0 ( % )
1997-1998 AsianFinancial Crisis
Dot-ComBust, 9/11
2008-2009 GlobalFinancial Crisis
Source: Department of Statistics Malaysia, Ministry of Finance
8-9%
4-5%
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We need to do both ..
reducecosts
increaserevenue
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17
We are showing
strong signs ofrecovery and growth ..
8/8/2019 Malaysia Economic Transformation Programme (ETP) Open Day : Key Note Address by Idris Jala
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10 th
Source : IMD
Despite a slight dropin the WEF ranking,IMD Competitive Indexranking has improved
significantly..
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OurGDP growthfor first half2010 was..
9.5 %
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We alsoreduced ourBudget 2010
by..
RM
25billion
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We started
to rationalizeour subsidy
whilst protectingthe poor
RM
760 millionsavings
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22
Our ringgit is
strongest in thelast 13 years
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More investors areinvesting in ourcountry...
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In order to achieve
a high income nation,our GDP must grow
at least..
6%
2011 2020
per annum
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We have launched the
New Economic Modelas a framework
to begin ourjourney
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NEM - Making usa rich country ,
for everyone & for a long time
High Income
Inclusiveness Sustainability
Target USD 15,000GNI per capita by 2020
Enables allcommunity
benefits fromthe wealth of
the country
Meets presentneeds withoutcompromisingfuture generations
Quality
of Life
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The question is..How do we get there?
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ETP is not
a Plan
It is a Programme
Strategic intent Strategic plan Blueprint Strategy document
Projects Action items Timeline Project owner Targets
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30,000 feet
3 feet
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What is a NKEA ?
A National Key Economic Activities (NKEA)
is a driver of economic activity that has thepotential to directly and materially contribute aquantifiable amount of economic growth to theMalaysian economy
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What doesNKEA do ?
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USD 6,700
USD 15,000NKEA willboost ourGross NationalIncome (GNI)
Per capita
Per capita
RM 48,000
RM 23,770
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We conducted workshop of a thousand
to achieve consensuson the industry focus
for the country..
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1000 + people
194 MNCs, GLCs, SMEs,Ministries & Gov agencies
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Wholesale& Retail
Oil, Gas &Energy
Palm Oil
Healthcare
FinancialServices
GreaterKL
Agriculture
Tourism
Education
c re
Electrical& Electronics
r
BusinessServices
CommsContent
Infrastructure
...and
finalised12 NKEAs
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After finalizing the 12 NKEAS,we ran the NKEA Labs
Increase GNI per capita from USD7,000 to
USD15,000 by 2020 (as per NEM & 10MP)Identify projects to achieve the above target
Ensure the projects are mainly privately
fundedEnsure more job creation and shift towardshigher income bracket
1
2
3
4
o b j e c t i v e s
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More than 500lab members across210 companies,13 NGOs &32 Government agenciesparticipated full timefor 8 weeks
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Education Petroleum and gas
Tourism Palm oilBanking and financialservices Islamic financial services
HealthcareRetail
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To find ways to increaseour countrys incomein the next10 years...
2010 2020
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Result of the 12 labs(8 week work)is phenomenal ...
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12 Lab Reports
131 Entry Point Projects60 Business opportunities
3.3 million jobs opportunities
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ETP is not a Plan
It is a Programme
Remember..
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The ETP Roadmap
to achieve ahigh income
nation188
523
Note : Nominal GNI (USD billions). Assuming population by year 2020 is 31.6 million
112
2020 GNITarget
EntryPointProjects(EPPs)
Growth inotherSectors
138
2009GNI
BusinessOpportunities(Biz Opps)
11 SectorNKEAs
1 2
86
3
U S D
( b i l l i o n
)
(RM 442 b)
(RM 359 b)
(RM 275 b)
(RM 1.7 t)
(RM 661 b)
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131 Entry Point Projects
(EPPs) worthUSD 138 billion
188
523
Note : Nominal GNI (USD billions). Assuming population by year 2020 is 31.6 million
112
2020 GNITarget
EntryPointProjects(EPPs)
Growth inotherSectors
138
2009GNI
BusinessOpportunities(Biz Opps)
1 2
86
3
U S D
( b i l l i o n
)
(RM 442 b)
(RM 359 b)
(RM 275 b)
(RM 1.7 t)
(RM 661 b)
G t KL
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Greater KLMRT
Largest infrastructure
project in Malaysia 141 km of three new
corridors
Integrated with existing rail
systems KTM Komuter,
Monorail and LRT
Generate an estimated
cumulative employment
of 130,000 workers of
various disciplines
Incremental
GNI of RM
392 billion
66% PrivateInvestment
552,000new jobs
9 EPPs and3 BOs
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Greater KLRiver of Life1
3
5
6
8
9 7
2
4
10
Incremental
GNI of RM
392 billion
66% PrivateInvestment
552,000new jobs
9 EPPs and
3 BOs
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Palm Oil
Incremental
GNI of RM
125 billion
97.7%Private
Investment
Net 42,000new jobs
8 EPPs and
3 BOs
Delivery from Estates Proper FFB Grading
FFB Quality based Payment
2
Milling Efficiency
1 3
FFB price must be paid based onquality of FFB received
Proper Grading of Incoming FFB atMill Gate
Improve Milling Efficiency
Three core recommendations
Improving Oil Extraction Rate
Increasing the OER from20.5% to 23%
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Tourism
BerjayaTimes Sq
Starhill/Lot 10
Kuala LumpurConvention Centre
Pavillion
7 km of shopping andentertainment districts
KLCC (convention centre) toPavilions Raja Chulan bridge
Pavilion across Jalan BukitBintang to Fahrenheit 88
Fahrenheit 88 to Lot 10
Sg Wang to Berjaya TimesSquares Jalan Imbi bridge
Sg Wang to Federalhotel/Jalan Pudu
Key Connectivity
Premier Shopping District
IncrementalGNI of RM67 billion
97.7%Private
Investment
497,000new jobs
12 EPPs and3 BOs
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Tourism Bio Diversity
IncrementalGNI of RM67 billion
97.7%Private
Investment
497,000new jobs
12 EPPs and3 BOs
Proboscis monkeys
Langurs
Rafflesia
Orchids
Pitcher plants
Johor
Selangor
Major Discovery Centers
Potential GBH sites
Top 10 - Terrestrial
Hornbills
Elephants
Tapirs
Tigers
Orang Utan
Turtles
Macro life (Muck
diving)
Reef fish
Super 7 - Marine
Dugong
Coral
Sharks
Rays
TAR Park
Sepilok
Semporna
Kinabatangan
Perhentian
Semenggoh
K. Gandah
Bako
Mulu
Frasers Hill
Turtle Island
Danum
Belum
Batang Ai
Maliau Basin
Layang layang Lok Kawi
LimbangMangroves
K. Gula
Langkawi
Tioman
PulauSibu
KuchingWetlands
Taman Negara
Endau Rompin
Lojing
GreaterSipadan
I l 99 %
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Oil & Gas EPP : Create Oil Field Services (OFSE)
Incremental
GNI of RM
132 billion
52,300 new jobs
10 EPPs and
7 BOs
99.7%Private
Investment
ILLUSTRATIVE
Houston
StavangerAberdeen
2020 GNI impact:
USD4.5
Billion
2020 Totalnew jobs:
40,000
Attract major international OFSEcompanies to bring a sizeable shareof their global operations toMalaysia
Build regional champions Rationalize fabricators JVs with world class players
What it takes to make it happen
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There are even more !
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So please visit
our booths ...
13booths
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....and give us yourwritten feedback
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EPPs arecatalytic
andtransformational
GNI Target (USD 15,000 per capita)
Entry Point Project (EPP)
Business Opportunity (B.O)
Unidentified / Other Unknown projects
Note : Illustrative
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Most importantlywe do not pick
winners....
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...or play God
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The 131 EPPs spread
throughout Malaysia ...
Note : Illustrative
25 EPP
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25 EPPsbenefit
ruralcommunities
Source : PEMANDU Team Analysis / United Nations (2007)
8.7 mPeople lives in
rural areas
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withpotential
320,000 jobsto be createdin the rural sector
Agriculture
Oil Palm
CCI
Additional Job Opportunity (rural areas)
94,100
83,485
3,135
Tourism 2,919
Wholesale& Retail
196,696
Th i i 106 EPP
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The remaining 106 EPPs
will largely benefiturban communities
19.3 mPeople lives in
urban areas
Source : PEMANDU Team Analysis / United Nations (2007)
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This shows we areinclusive...
High Income
Inclusiveness Sustainability
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60 Business Opportunities
worth USD 112 billion
188
523
Note : Nominal GNI (USD billions). Assuming population by year 2020 is 31.6 million
112
2020 GNITarget
EntryPointProjects(EPPs)
Growth inotherSectors
138
2009GNI
BusinessOpportunities(Biz Opps)
1 2
86
3
U S D
( b i l l i o n
)
(RM 442 b)
(RM 359 b)
(RM 275 b)
(RM 1.7 t)
(RM 661 b)
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Business Opportunities
USD 112 billionworth of opportunities
to be identifiedin the next
10 years
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Business Opportunities
Therefore, everybodycan participateTarget (USD 15,000 per capita)
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92% of the
investmentwill come
from theprivate
sector100% = USD 444 billion
92%USD 410 b
8%USD 34 b
Public Sector
Private Sector*
* Includes GLCs & non-GLCs
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The newengine of growth
will come fromthe private sector
P r i v a
t e S
e c
t o r
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This is in line withthe 10 th Malaysia Plan ..
Private Sector Driven
Public Sector Driven
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73 % D omesticDirectInvestment
(DDI)
Early commitment or interest from
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Early commitment or interest fromprivate investors is promising
InvestmentUSD billion
37
10
50
66
53No discussion
Early discussions
Active engagement
Close to commitment
Named investor(s);Serious commitment
CategoryNo ofEPPs
7
12
34
51
27
Rating
Total 131216
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NKEAs will create
additional3.3 million jobs
by year2020
A d ill l hif d
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And will also shift towardshigher income
2020 Projected Salary DistributionNumber of jobs, millions
0.60.2
3.7
4.7
2.8
1.3
4.63.3
0.31.2
2.32.9
2020 (Projected) 2009
< RM 750 RM 750 RM1.5k
RM 1.5k RM 3.k
RM 3k RM 5k
RM 5k RM7.5k
> RM 7.5k
Low Income Middle Income High Income
8% bli f di ill
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3.3 m additional jobs+
GNI impact per publicdollar spent 1 = 7+
+ Personal and corporatetax revenue couldincrease to USD36 b USD40 b 2Public
Funding
USD 410 b
USD 34 b
Private
funding
8% public funding willcatalyze 92%
of private investment
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We willpublish
the ETP Bookto the public
26 .10 .2010P l e a s e s a v e t h e d a t e
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That markshistoric
journeyinto becoming
a high-incomenation by 2020
3 versions for the rakyat
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3 versions for the rakyat
Avid reader Lazy people Laziest people
video
Executive Summary
Full version
R b ETP i t
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Remember, ETP is not
a Plan
It is a Programme
Strategic intent Strategic plan Blueprint Strategy document
Projects Action items Timeline Project owner Targets
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We have theright ingredients
to succeed..
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Malaysia isbig enough
foreverybody ..
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We will grow oureconomic piefor everybody
by 2020
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Is there political will ?
ETP Roadmap is made publicETP is private sector led
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Lets focusour effort
in growing theeconomic pie
action
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and not get
vortexed intoa philosophicalor an academic debate
talk
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So private sector
must invest &grow profitably
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Whilst public sectorwill facilitate and providethe necessary support
We are confident (like GTP)
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We are confident (like GTP)
that we can do it ....
Therefore all of us
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Therefore all of usmust beunited ..
irrespective of race
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..irrespective of race ,
religion &politicalbelief
and use our
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..and use ourdiversity
as strength todrive the economy
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We have seenmany, many, many
Malaysian companieswhich have successfully
embraced diversity
There are too many examples
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There are too many examples ..
Note : Illustrative
PM is serious
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We need bold radical changeWe need speed of decision making & executionWe must act NOW
PM is serious
that we needto transform
our economy
We neeWe neeWe mu
Thi b ld t &
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This bold step & your
commitment will takeus closer to Vision
2020
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Thank You
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