Economic Transformation Programme (ETP)

Economic Transformation Prog¬ramme (ETP)

1. Seven projects worth almost RM115bil scheduled to start by year-end, a joint venture projects between the private sector and the Government under the Economic Transformation Prog¬ramme (ETP) aimed at creating 3.3 million jobs by 2020. The seven were part of 131 projects worth some RM670bil to be spearheaded by the private sector. Among the projects are the creation of Greater Kuala Lumpur, a high-speed rail link between Kuala Lumpur and Singapore, and revitalising Klang River.

2. The tourism industry aims to raise its contribution to the Gross National Income (GNI) to RM104bil by 2020 through 12 entry point projects (EPPs) and new business opportunities. This would require the sector to raise its annual contribution by RM67bil, tripling its GNI from RM37bil in 2009. A total of RM204bil in funding would be required over the next 10 years to achieve these aspirations. Of this funding, only 2% is expected to come from the public sector. Malaysia’s growth in tourism has mostly relied on growth in arrivals rather than yield: 75% of growth has been from increased arrivals and 25% from increased yield.
3. Malaysia is going for a big dose from healthcare industry. Malaysia will move from a net importer to a significant player in the RM422bil prescription and pharmaceutical drug industry. This is one the six Entry Point Projects (EPPs) created to boost the country’s economic growth that would generate big results fast for the healthcare industry.
4. Malaysia plans to propel education into international limelight. Education in Malaysia will be branded and propelled into international limelight by 2020 to attract 200,000 foreign students here. According to the Education National Key Area lab findings, Malaysia is currently ranked 11th globally because of its 60,000 foreign student population. The Education NKEA is expected to create an additional 536,000 jobs and increase its Gross National Income from RM34bil to RM61bil by 2020. Meanwhile, the Communications, Content and Infrastructure NKEA aims to ensure broadband Internet access is available for all at a reasonable speed. Its goals by 2020 include connecting 6,000 schools and getting 50% of services online, including having six million users and an additional 860,000 wireless broadband users. This sector is expected to contribute RM58bil to the GNI by 2020 compared to RM36bil last year.
5. An estimated RM217.6bil will be needed from now until 2020 for the oil and gas and energy industry to continue contributing significantly to gross national income (GNI) as envisioned under the Economic Transformation Programme (ETP). The industry was struggling to produce 600,000 to 700,000 barrels of oil equivalent per day in the recent past as large reserves were no longer easy to find. The industry will contribute to an incremental GNI of RM131.5bil and 52,000 jobs by 2020. The industry has been contributing 20% to Malaysia’s gross domestic product annually over the last two years, of which 90% came from exploration and production. Efforts to transform the palm oil industry will boost the income of some 160,000 smallholders and cut the number of foreign workers in the estates by 110,000 by 2020. This would generate an incremental gross national income (GNI) of RM178bil and create 42,000 new jobs by 2020.
6. Malaysia’s electronics and electrical (E&E) capabilities are expected to be strengthened across the value chain with focus on attracting multinational companies to operate in the country. Under the E&E national key economic area targets, the sector is projected to increase gross national income by RM53bil to RM90bil by 2020, and provide 157,000 jobs. The aim is to have a concentration of leading global semiconductor firms; the current global market share is 5%. In the solar manufacturing industry, it was proposed that domestic silicon production be increased from six kilotonnes to 114 kilotonnes by 2020. The production capacity of cell, wafers and modules should be increased by 10 times from 2.3GW to 23.3GW in 2020. Malaysia also aims to be a major manufacturing location for modules serving the Asian market. The global market for solar manufacturing is projected to increase from US$35bil in 2009 to US$290bil in 2020, with Asia as a major growth area.
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Apakah persediaan universiti dalam menghadapi ETP yang sedang laksanakan oleh kerajaan. Apakah graduan yang dihasilkan mempunyai ilmu, kemahiran, kreativiti, keberanian dan daya saing yang mampu membantu membangun bersama Malaysia menurut budaya bangsa Malaysia. Mungin perlaksanaan kurikulum perlu dilihat segera sesuai dengan kehendak zaman dan keperluan negara.