etp_handbook_chapter_1-4_economic_model

Staffing the 33 million new jobs being created by the

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Unformatted text preview: and cargo capacity at Penang International Airport. The Economic Planning Unit will, along with the Ministry of Transport and the Ministry of Works, coordinate this programme of infrastructure investment. 108 Chapter 3 Enabling the Success of the ETP CONCLUSION Though the success of the ETP will be very much in the hands of the private sector who will implement the 131 EPPs, the Government will have a big role to play in facilitating the growth of the sectors through enabling actions that support the EPPs and the business opportunities. Successfully attracting more than RM1.3 trillion of domestic and foreign private investment will hinge on investment promotion activities as well as the development of a clear framework for fiscal support. Staffing the 3.3 million new jobs being created by the NKEAs will require a significant effort at growing human capital, through investing systematically at developing local business leaders, attracting foreign talent and streamlining immigration. The Government will also look at creating a conducive business environment through deregulating, reducing compliance costs and improving the efficiency of government operations in order to encourage the private sector. Finally, the ETP will require further infrastructure build up, such as broadband and logistics, to support the transformation of Malaysia into a high-income economy. chapter 4 Implementation and Delivery Economic Transformation Programme 111 A Roadmap For Malaysia Chapter 4: Implementation and Delivery T he Economic Transformation Programme (ETP) has been designed to transform Malaysia into a high-income developed nation with a RM1.7 trillion (USD523 billion) gross national income (GNI) economy by 2020. Success however, is dependent upon effective implementation and delivery. This will require the public and private sectors to work in partnership to carry out 131 entry point projects (EPPs) spanning the 12 National Key Economic Areas (NKEAs). To ensure rapid and effective delivery of the ETP, the Government has: • Committed to a specific and actionable Promise to the Private Sector to play an effective facilitation role to ensure private sector ownership, transparent funding, swift implementation and clear accountability throughout EPP delivery; • Brought together all of Government to work in partnership with the private sector, with each agency having clear roles and responsibilities, to ensure coordinated implementation of EPPs and enablers; • Established an ETP Unit under PEMANDU, which will work with the Economic Planning Unit to facilitate delivery, from resolving issues to monitoring performance; • Designed performance monitoring and reporting mechanisms to ensure accountability for EPP delivery and public transparency of outcomes; and • Built a process to allocate public funding to the highest impact areas in terms of GNI, and in a transparent manner – both now and in the future. 112 Chapter 4 Implementation and Delivery OUR PROMISE TO THE PRIVATE SECTOR To successfully deliver a programme of this scale requires multiple parties to...
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This note was uploaded on 02/24/2014 for the course ACCOUNTING financial taught by Professor Alan during the Spring '14 term at Howard.

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