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Malaysia is good in planning on paper, poor in implementation

There are many giant project examples in the past like East corridor economic zone, international film center, Perwaja, Proton, etc. are looking good on paper, but stink in implementation.

ETP will destine to a same fate…a TALK only dream. I am not pessimistic, but a realistic Malaysia to know this ETP is just another empty talk.

KUALA LUMPUR: Malaysia yesterday unveiled an ambitious 10-year economic road map involving investments of about US$444 billion (RM1.3 trillion) to power the nation towards becoming a high income economy by 2020.

Minister in the Prime Minister’s Department Datuk Seri Idris Jala, who is also Performance Management and Delivery Unit (Pemandu) chief executive officer, laid out the plan, conceived primarily to get Malaysia out of the middleincome trap.

The Economic Transformation Programme (ETP) would see the country’s gross national income (GNI) grow at six per cent annually to hit US$523 billion by 2020, from US$188 billion last year. Some 3.3 million new jobs are expected to be created.

The RM1.3 trillion proposed investments were unheard of in any previous single development plans in Malaysia but Idris was confident the money would be raised.

The investments will be in 131 entry point projects (EPPs) and 60 business opportunities, with 92 per cent of the funding coming from the private sector.

“These are projects from the private sector. They do not originate from the government. In that sense, I feel quite confident because, through discussions, the private sector is serious about it,” Idris said.

Presenting the economic road map at the ETP open day in Kuala Lumpur yesterday, he said the EPPs identified under the ETP were specific projects and not merely goals.

He also called on Malaysians to set aside their differing views, saying that time was not on Malaysia’s side, given the stiff competition in the region.

“We need a complete radical economic transformation. The days of depending on traditional growth engines are over.”

Idris said a steering committee, chaired by Prime Minister Datuk Seri Najib Razak, along with lead ministers, would monitor the progress of all the EPPs spread across the 12 national key economic areas (NKEAs) identified under the 10th Malaysia Plan.

The 12 NKEAs are oil, gas and energy; palm oil; financial services; tourism; business services; electrical and electronics; wholesale and retail; education; healthcare; communications content and infrastructure; agriculture; and Greater Kuala Lumpur.

Idris also touched on the prickly affirmative action subject, saying it would continue but redefined to become a policy that was more transparent and fair.

On Malaysia Talent Corporation, which is supposed to attract Malaysian professionals working overseas to return to the country, Idris said the government was currently looking for a chief executive officer and a team to run it.

He also said the government was committed to the minimum wage policy and hoped it would be implemented by next year.

More than 4,000 Malaysians thronged the Putra World Trade Centre to view the ETP road map yesterday. Similar events will be held in Kuching and Kota Kinabalu on Oct 4 and 7, respectively.

“The full and final document road map will be released by the prime minister on Oct 26.”

The nkkhoo.com comment board with Facebook account.