2. WHERE ARE WE?
• With 7 years to go before 2020, Malaysia is on the right track
• National transformation moving forward rapidly
• 1Malaysia – people first, performance now
• Government Transformation Program: 6 NKRAs
• New Economic Model: high-income, inclusive and sustainable nation
• Economic Transformation Program: 6 SRIs + 12 NKEAs
• Good progress on SRIs
• Competition, Standards & Liberalisation
• Public Finance
• Public Service Delivery
• Government’s Role in Business
• Human Capital Development
• Narrowing Disparities
• Significant challenges going forward, including in transforming education & human
capital development and ensuring private-sector driven economy
3. HUMAN CAPITALDEVELOPMENT
Our Women
•Strengthening Women’s Participation
•Implemented policy to ensure 30% top corporate appointment
•Appointment of at least one woman to all GLC BOD
•Providing more business & income generating opportunities
• Promoting gender equality to maximize potential of Malaysians in all fields
Our Youth
•Nurturing Our Youth
•Providing funding, training and incentives for youth-centric commercial commercial ventures
•Establishing incubators to nurture quality leadership and creativity
•RM50mil for New Entrepreneur Foundation (NEF) for ICT initiatives
•RM200mil for Strategic Action for Youth
•RM200mil MyCreative Venture Capital fund to harvest new and innovative ideas
Education
•Building Towards Educational Excellence
•Improving quality of national schools and transforming vocational schools into colleges
•Providing merit-based scholarships, with special provisions for disadvantaged communities
•Enhancing performance in Maths & Science, and developing higher order thinking skills
•Establish a Graduate Employment Blueprint and Graduate Employability Taskforce to assist graduates in finding
employment
•RM3.7billion to train students in technical and vocational skills
Source: Barisan Nasional Manifesto
4. PRIVATE SECTOR DRIVEN ECONOMY
•A record RM139.5bil in 2012
• Increase of 24.8% from RM111.8bil in 2011
• Exceeded the private investments target of RM127.9bil for 2012 by 9.1%
Total Private Investments in 2012
•
Breakdown of Private Investment in 2012
•Total investments approved were in more than 6,000 projects that could generate about 183,000 job
opportunities
Job Creation in 2012
0%
20%
40%
60%
80%
Services
Manufacturing
Primary
Sectors
Private Investments
Domestic
Foreign
Source: International Trade and Industry Minister Datuk Seri Mustapa Mohamed at the Investment Performance 2012 conference
5. BOOSTINGPRIVATESECTORPARTICIPATION
Open tender for non-critical non-strategic GLC-owned businesses
•Direct sale of businesses to the private sector
•(e.g. Time Engineering, FEC Cables)
Entrepreneur-driven GLCs
•Proven entrepreneurs given chance to acquire substantial stakes in GLCs – Government/ government-linked fund becomes only
passive investor and has little say in management
•Bring in operational and management expertise into GLCs and change organisational culture
Sell-down of stakes in various GLCs
•Reduction of holdings in various GLCs by Khazanah and other government funds – improves stock market liquidity of listed GLCs
•E.g. EPF imposes minimum market cap requirement – free up funds from investments in smaller companies and divert to other
asset classes/overseas, opportunities for private investors to have stakes in listed start-ups and small-caps
•E.g. Khazanah sells off stakes in Malaysia Airports and CIMB to various equity funds
Building infrastructure
Providing incentives – from start-ups to higher-ups
• Development of growth corridors (e.g. Iskandar, SCORE, ECER) – massive investments in infrastructure which private sector
may have not enough clout
• Gestation period could be 3-5years, private-sector participation inflects upwards tremendously beyond gestation (e.g.
Iskandar – now seeing private investment interest from Malaysia, Singapore and China as population reaches critical mass)
• Various financing schemes for small-time entrepreneurs and start-ups – channelled via govt agencies, banks and govt-backed
funds (e.g. Cradle, MDV, Mavcap, microcredit loans)
• Targeted incentives for specific sectors, especially in high-value-add services (e.g. in Iskandar, lower income taxes for
knowledge workers)
6. WHERETO FROM HERE?CHOOSINGWISELY
--NOT JUST IDEAS,BUT EXECUTION
• Attract 3.1 trillion investments, creating 3.3 million jobs
(2mil in high income sectors)
• Special incentives for innovative & creative ventures
• Fair & equitable policies for all races
• Allocation of more land to enhance food & livestock
production
• Greater participation of private sector & development of
capital market
• Reforming existing tax structure towards more broad-
based tax system
• Implementing plan for SMEs transformation
• Divesting non-strategic GLCs
• RM500 million seed funding to increase Indian
Community equity to at least 3 percent
• Increasing access to micro credit for all Malaysians
• RM100 million for hawkers & petty traders
PAKATAN RAKYAT MANIFESTO
• 1 million job opportunities
• Equitable productivity sharing through minimum wage
• 1 million school leavers trained as skilled labour
• Education reform to drive the economy
• Cultivating smart partnership of trade unions,
employers & government
• SMIs and innovation to drive national economy
• Tax adjustment to promote equity
• Defending military veterens’ economy & welfare
• Making taxi entrepreneurs viable
• R&D investments to reach 5% of GDP
• Breaking monopolies, encouraging competition
BARISAN NASIONAL MANIFESTO
