Focus. Competitiveness. Execution. Dr Mohd Emir Mavani Abdullah Director NKEA (Oil, Gas, and Energy; Financial Services) NKEA (Oil, Gas, and Energy; Financial Services) & SRI (Government’s Role in Business) & SRI (Government’s Role in Business) 6 November 2012
National Transformation Policy Towards Vision 2020 Towards Vision 2020 1Malaysia (People First, Performance Now) (People First, Performance Now) mme mme mme Program Program Program ment mic cal Governm ormation Politic ormation rmation Econo Transfo Transfo Transfo 10 th & 11 th Malaysia Plan
NEW ECONOMIC MODEL: Making Us A Rich Country , For Everyone & Making Us A Rich Country , For Everyone & For A Long Time Target USD 15,000 GNI per capita by 2020 High-Income High Income Q Quality lit of Life Meets present Enables all needs without communities Sustainability Inclusiveness compromising to benefit future from the generations wealth of the country
True North Of ETP • USD15,000 (RM48,000) Gross National per Capita GNI Income (GNI) • USD523 Billion (RM1.7 Trillion) GNI • 6% GDP Growth per Annum • 3.3 Million Transformational Jobs Additional Actions FOCUS Jobs J b ‘Drivers’ • 12 NKEAS • 131 EPPs • 60 BOs • 60 BOs • USD444 Billion (RM1.4 Trillion) COMPETITIVENESS Investment ‘Enablers’ Investment • 92% Private, 8% Public Investment • 51 Policy Measures 51 Policy Measures • 73% Domestic, 27% Foreign Direct • 6 SRIs & Natural Homes Investment
To Become A High ‐ Income Nation , We Need: & FOCUS COMPETITIVENESS We Need “ Enablers ” We need “Drivers” to To Ensure To Ensure ensure focus on f Competitiveness high ‐ impact areas SRIs SRIs NKEAs + NKRAs S trategic R eform I nitiatives S trategic R eform I nitiatives N ational K ey E conomic A reas N ational K ey E conomic A reas N ational K ey R esult A reas
To Become A High ‐ Income Nation , We Need: & FOCUS COMPETITIVENESS We need “Drivers” to We Need “ Enablers ” ensure focus on f To Ensure high ‐ impact areas Competitiveness SRIs SRIs NKRAs + NKEAs S trategic R eform I nitiatives S trategic R eform I nitiatives N ational K ey R esult A reas N ational K ey R esult A reas N ational K ey E conomic A reas
SRIs Provide The Enablers For Malaysia To Be Competitive To Be Competitive 14 14 51 With Natural Homes Within The NKEAs / NKRAs Policy Measures y 1 2 Competition, Competition, Standards and Standards and Public Finance Public Finance Lib Liberalisation Lib Liberalisation li li ti ti 3 4 37 Government’s Government’s Public Service Public Service Role in Role in Grouped In SIX p Delivery Delivery Delivery Delivery Business Business Clusters For Execution 5 6 Human Capital Human Capital Narrowing Narrowing D D Development Development l l Di Di Disparities Disparities i i i i
Competition, Standards & Liberalisation Competition Act Development of Liberalisation of Enforced On 1 Jan 2012 Standards sub ‐ sectors Up to 100% foreign equity Malaysia has 6,260 Standards participation will be But Less Than 10% are Enforced allowed in phases in 2012 Amendments to the Standards of 17 (+1) sub ‐ sectors Malaysia Act 1996 gazetted on 9 announced in Budget 2012 February 2012 to accelerate for liberalisation development of standards Remove Anti-Competitive Agreements 12 sectors fully Adoption of international liberalised: Telco ASP, standards will be reduced to <9 TVET, TVET Special Needs, months, compared to >1 year Private Hospitals, Dept & currently currently Specialty Stores, Incineration, Proposed for local standards to Accounting/Taxation, be completed within 1.5 years , Skills Training, Courier, compared with three years p y Legal, Medical, currently Remove Abuse Of A Int’l School Dominant Position
Public Service Delivery Business Process Re ‐ engineering Real ‐ time performance monitoring 92 police 785 785 263 licenses to be stations in i i eliminated or Selangor, licences composited extending to Penang & Penang & Lean & Johor ‐ 34% 522 Efficient licences Government Open Recruitment & Remuneration Review Open Recruitment (between Civil Service & Open Recruitment (between Civil Service & Private Sector) & Remuneration Review Will Improve Performance
Public Service Delivery Business Process Re ‐ engineering Real ‐ time performance monitoring 92 police 785 785 263 licenses to be stations in i i eliminated or Selangor, licences composited extending to Penang & Penang & Lean & Johor ‐ 34% 522 Efficient licences Government Open Recruitment & Remuneration Review Open Recruitment (between Civil Service & Open Recruitment (between Civil Service & Private Sector) & Remuneration Review Will Improve Performance
Human Capital Development Minimum Wage Minimum Wage HR Management in SMEs HR Management in SMEs Project Flip - O&G NOSS Project Flip O&G NOSS • PM announced minimum • 4,567 SMEs benefited from free • MOU signed to leverage wage of RM900/RM800 tailored HR solutions via PETRONAS Skills Training (POSS) on 30 Apr 2012 interactive HR portal to develop National Skills Training • 6 months to implement • 7,301 SMEs benefited from HR (NOSS) in 7 disciplines post-gazette, 12 months post gazette, 12 months Capability Building Programme Capability Building Programme • Enable technical-vocational training Enable technical-vocational training for micro-enterprises centres to deliver up-to-date, industry relevant skills training Progress Employment Act 1955 Upskilling/Reskilling - NTEP Up-skilling / Re-skilling – MyProcert (Phase 1 & 2) • MyProcert programme launched on 11 • Phase 1 of Employment Act • The National Talent Enhancement The National Talent Enhancement Oct 2011 for BSvc & CCI Oct 2011 for BSvc & CCI 1955 passed in Parliament Programme (NTEP) was • 6 partners to date: SAP, Huawei, includes 28 amendments to launched covering 5 Oracle, iTrain, Scicom, SnT the current provisions, 17 new states/regions and 650 • 1,250 professionals targeted, 754 provisions and 2 provisions placements across Malaysia for enrolled repealed E&E & BSvc (Green Tech) • Catalytic to up-skill Malaysians to global Catalytic to up skill Malaysians to global • Phase 2 in progress Phase 2 in progress • 315 trainees in companies certification standards • Bill on raising minimum • Accelerate development of skilled retirement age to 60 passed workforce through partnership via on 28 June industry attachment programmes
Government’s Role in Business Four areas where Government should be in business Four areas where Government should be in business Large growth capital, catalytic or National Infrastructure new technology required gy q E g MRT E.g. MRT Projects with long gestation periods e.g. nanotechnology Business must be owned Private Investor needs Co ‐ domestically Investors National security e.g. Defence / Paddy PPP e.g. Corridor Development projects Target Completed Balance Completed Total Target 2013 2011 ‐ 2012 2011 Target 2012 2012 Pare Down 5 5 0 5 1 0 List 7 6 5 1 1 1 Outright Sale 21 14 6 8 0 7 33 25 11 14 2 8 TOTAL
To Become A High ‐ Income Nation , We Need: & FOCUS COMPETITIVENESS We Need “ Enablers ” We need “Drivers” to To Ensure To Ensure ensure focus on f Competitiveness high ‐ impact areas SRIs SRIs NKEAs + NKRAs S t t S trategic R eform I nitiatives i R f I iti ti N ti N ational K ey E conomic A reas l K E i A N ational K ey R esult A reas
A Vertical Take ‐ Off 151% 101% 109% 138% Greater Greater Greater Greater Financial Financial Business Business Business Business Oil, Gas & Oil, Gas & KL/Klang KL/Klang Services Services Services Services Services Services Energy Energy Valley Valley 11 Economic 11 Economic 118% Wholesale Wholesale 141% Tourism Tourism Sectors & Retail & Retail 123% 123% + Greater Electrical & Electrical & Education Education 120% Electronics 108% Electronics Kuala Lumpur Comms Comms Palm Oil Palm Oil Healthcare Healthcare Content & Content & Agriculture Agriculture & Rubber & Rubber Infra Infra 119% 170% 98% 103%
Investment: 58.9% Targeted Private Investment Realised 58 9% T d P i I R li d RM127.9b RM127.9b RM100.0b RM75.3b 1H 2011 RM58.8b 1H 2012 Estd 2012 RM41.7b 28.1% RM33.5b 24.3% 24.3% Public Investment Private Investment Note: Based on current prices
OGE: Key Upstream Investments In Execution North Sabah & Baram Berantai Balai Cluster Delta, Sarawak (EOR) (Marginal Fields) (Marginal Fields) US$12.5b US$850m US$850m Upgrade, Expand & Regasification Terminal New Explorations B ild P Build Production d ti US$300 US$300m > US$3.0b Facilities US$1.7b
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