Download PDF - ETP - Pemandu

To attract global multinationals and talent to Malaysia, two
agencies; Talent Corp and InvestKL have been established.
To date, Schlumberger, PayPal, IBM and Toshiba have set up
their operations and/or committed investments. IBM will
invest RM1 billion in its Global Technology Services Delivery
Centre in Cyberjaya over the next five years while Toshiba
with an investment worth RM268 million has global and
regional roles for its new hub in Malaysia.
Talent Corp has launched various programmes which
have received positive response. As of December 2011,
680 Malaysians have returned home under the Returning
Expert Programme while 482 applicants have received the
Resident Pass which is focused on attracting and retaining
foreign talent in Malaysia.
The Klang Valley MyRapid Transit (KVMRT) project to reduce
congestion and make the city more liveable is progressing.
Construction for the first line (Sungai Buloh-Kajang)
commenced in July 2011 and it is expected to be fully
operational in 2017. Given the size and complexity of the
project, MRT Corporation Sdn Bhd was established, taking
over from Syarikat Prasarana Negara Berhad as the project
developer and asset owner. Planning will start on the other
two MRT lines using the Rail Transport Master Plan for GKL.
Various other initiatives to enhance the city’s liveability are
also on-going. These include cleaning up Kuala Lumpur’s
main river, beautifying and developing its surroundings;
planting more trees; and providing comfortable pedestrian
walkways.
Oil, Gas and Energy
We are targeting a five per cent annual growth for the sector
from 2010 to 2020. This is an ambitious goal, particularly
against a backdrop of the natural two per cent decline in oil
and gas production.
To achieve this, we are focused on four key thrusts:
sustaining oil and gas production, enhancing downstream
growth, making Malaysia the number one Asian hub for oil
field services, and building a sustainable energy platform
for growth.
There are 12 EPPs which will deliver a GNI of RM131.4
billion and create an additional 52,300 jobs by 2020. Major
industry players such as PETRONAS, Dialog Group, Shell
ExxonMobil and Vitol Group have made huge investments
in this sector.
2011 Review of the ETP
Milestones for the year include the approval of the
Petroleum Income Tax Act Amendment Bill, which aims to
incentivize exploration of marginal oil and gas fields; and
the launch of the Global Incentives for Trading Programme
which is focused on transforming Malaysia into Asia Pacific’s
hub for petroleum storage and trading business.
Central to achieve the latter goal is Malaysian Petroleum
Resources Corporation (MPRC), a new dedicated body set
up to streamline cooperation between the government
and private sectors, attract foreign investments, and help
local players become regional champions.
Financial Services
The 2020 aim is to transform the sector to serve the needs
of businesses and consumers in a high-income economy,
and to increase its depth as well as regional and global
market shares in select niches.
To realise this vision, four thrusts have been identified:
strengthen the core, serve the needs of the high-income
population, develop new growth sectors, and go on the
offensive. Through 10 EPPs with 49 initiatives, this sector is
expected to contribute RM121.5 billion in GNI and create
45,000 jobs.
The major milestone of the year was the Prime Minister
launching the Financial Sector Blueprint, which charts the
direction of the financial system over the next decade.
The 69 recommendations in the blueprint have taken into
account the expected changes in the international and
domestic environment and its consequent demands on the
financial system over the next 10 years.
We continue to place strong emphasis on the four core
sectors in Islamic finance; Islamic banking, takaful, the
Islamic capital market and the Islamic money market.
Malaysia’s Islamic banking assets have reached US$72.5
billion with an average growth rate of 20 per cent annually.
We will also continue to develop regional banking
champions. With CIMB’s recent expansion into the
Philippines and Maybank’s acquisition of Kim Eng Holdings,
Malaysian banks now have a presence in 14 markets around
the world.
Wholesale and Retail
The retail sector is the fourth biggest GNI contributor after
Oil, Gas and Energy, Palm Oil and Rubber and Financial
Services. With 13 EPPs grouped along three themes:
modernise, globalize and revolutionise, we aim to more
than double the sector’s GNI contribution to RM165 billion
per annum in 2020 from RM57.2 billion in 2009.
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