RM10 Billion Investments Under ETP Realised, Says Idris Jala

By Tuesday November 1st, 2011 No Comments

KUALA LUMPUR, Nov 1 (Bernama) — Some RM10 billion in investments under the Economic Transformation Programme (ETP) over the past one year have been realised, constituting 64 per cent of the RM15 billion investments committed for the year, Performance Management and Delivery Unit (PEMANDU) chief executive officer Datuk Seri Idris Jala said.

He also said Entry Point projects (EPPs) were progressing well.

Seventy out of 131 EPPs or 53 per cent have taken off.

“As some EPPs have multiple projects, we now have 97 projects, which are in various implementation stage,” he told a media briefing to mark the ETP completing its first 12 months.

The ETP, launched by Prime Minister Datuk Seri Najib Tun Razak in October 2010, aims to transform Malaysia into a high-income nation by 2020.

By being focused on the 12 key growth areas, he said the Malaysian private sector’s confidence in the local economy has also increased.

“In the first half of 2011, private sector investment was up 23.4 per cent to RM51.2 billion, outstripping public investment for the same period,” he said.

Idris said the first six months also saw the Gross National Income (GNI) standing at RM288 billion, 38 per cent to touch RM494 billion targeted for the whole year.

The ETP has also created some 344,000 jobs for the period, about 50 per cent of the overall target of 684,000 jobs to be created this year.

Over a year, 131 EPPs have been clearly outlined within 12 National Key Economic Areas (NKEAS) towards achieving high-income nation status.

Source : Bernama

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