Senator Dato` Sri Idris Jala - ETP

Senator Dato’ Sri Idris Jala
Minister in the Prime Minister’s Department &
CEO, PEMANDU
3 Things We Want to Share
with You Today…
1. GTP Update
2. ETP Update
3. Strategic Reform Initiatives
Our Transformation Has Begun…
Vision 2020
10th & 11th Malaysia Plan
Economic
Transformation Programme
Government
Transformation Programme
1 Malaysia
(People First, Performance Now)
GTP Delivered 121% Of Its Target
NKRA Overall Performance 2010
NKPIs
2010 Actual
Urban Public Transport
107%
Crime
168%
Rural Basic Infrastructure
Education
Low Income Household
91%
156%
79%
Corruption
121%
Overall Composite Scoring
121%
GTP 2010 Results Were
Endorsed By
An International
Panel &
Audit Firm
Sir Michael Barber
Partner, McKinsey UK; ex-Head of Prime
Minister’s Delivery Unit (PMDU) of Tony
Blair Administration
Michael Hershman
Co-founder of Transparency
International; Current CEO of the Fairfax
Group
Stephen Sedgwick
Australian Public Service
Commissioner
Ravi
Balakrishnan
IMF Resident
Representative, Singapore
Sergei Dodzin
Senior Economist, Asia & Pacific
Department – International
Monetary Fund
Kwak Seung-Jun
Chairman
Presidential Council for Future
and Vision
We Have Delivered On Our Promises
Crime
Corruption
RBI
• Street Crime - 35% Reduction
• Index Crime - 15% Reduction
• 1st in terms of safety & security in
South East Asia By Global Peace
Index
• 1st amongst 19 middle income
countries by World Justice Report
• Whistleblower Protection
• 3,756 government contract
awards published online
• 805 people arrested for
corruption
• 284 people convicted and
published online
• 18 corruption courts
• 783.1 km of rural roads
• 36,273 rural houses with
clean water supply
• 27,266 rural houses with
electricity supply
• 16,962 houses for rural poor
(build & restored)
UPT
• UPT modal share up to 17% (from
12% in 2009)
• 192% increase in BET ridership
• 2.43 million additional passengers in
LRT
• 500 buses re-routed to new terminal
at Bandar Tasik Selatan
LIH
Education
• 99.76% reduction of hardcore
poor
• 2,000 women entreprenuers
trained
• 35,095 low cost houses sold
•
•
•
•
•
Best UPSR results in 4 years.
91% Numeracy
85% Literacy
1,500 pre school classes started
54,569 children benefited
GTP’s Impact Is Targeted, Has Benefited ~6.8 million
NKRAs
6.8
Est. Rakyat Benefited From GTP
UPT
2,668,321




RBI
2,190,000
 For water, electricity and housing,
= 397,130
LIH
505,600*
m
Source: PEMANDU Team Analysis
*Assumption 4 People per Household
Description
EDU
502,977





Additional LRT ridership
Additional Bus ridership
BET Ridership
Puduraya & ITT Bandar Tasik Selatan
44,535 Hardcore Poor reduced
9,906 Poor reduced
45,454 low-cost houses rented by Poor
23,239 low-cost houses bought by Poor
3,266 Entrepreneur Women trained
 1,353 new pre-schools with 72% enrollment
[54,000]
 Literacy and Numeracy screening for
Primary 1 students [448,977]
 214 School Improvement
CRIME 973,030
 18,082 criminal cases reduced
 Fear of Crime index reduced by 3.4%
[952,000 people of 28 mil]
 2,988 criminal offenders brought to trials
COR
 805 arrests
 284 convicted offenders
1,089
NEW ECONOMIC MODEL
- Making Us A Rich Country, For Everyone & For A Long Time
High-Income
Enables all
communities
to benefit
from the
wealth of the
country
Target USD 15,000
GNI per capita by 2020
Quality
of Life
Inclusiveness
Sustainability
Meets present
needs without
compromising
future
generations
To Become A High Income Nation,
We Need:
Focus
We need “Drivers”
to ensure focus
NKEAs
&
Competitiveness
We need “Enablers”
to ensure
competitiveness
SRIs
Overview Of ETP
Gross
National
Income (GNI)
TransformaFocus
tional
• 12 NKEAS
Actions
• 131 EPPs
• 60 BOs
Competitiveness
• 51 Policy Measures
• 6 SRIs & Natural Homes
• USD15,000 (RM48,000) per Capita GNI
• USD523 Billion (RM1.7 Trillion) GNI
• 6% GDP Growth per Annum
Jobs
Investment
• 3.3 Million
Additional Jobs
• USD444 Billion (RM1.4 Trillion) Investment
• 92% Private, 8% Public Investment
• 73% Domestic, 27% Foreign Direct Investment
NKEAs Are Making
Progress In The Last
8 Months
6 Progress Updates by the Prime Minister
Round #1
(25 Oct 2010)
9
Initiatives
Investment: RM5.3b
GNI: RM100m
Jobs: 13,100
65
EPPs Off
The Ground
Round #2
(30 Nov 2010)
Round #3
(11 Jan 2011)
Round #4
(8 Mar 2011)
9
19
23
Initiatives
Investment:
RM9.6b
GNI: RM85.5b
Jobs: 70,500
Initiatives
Investment:
RM65.6b
GNI: RM31.5b
Jobs: 52,400
RM
170
Billion In
Committed
Investment
Initiatives
Investment:
RM14.78b
GNI: RM20.1b
Jobs: 88,354
Round #5
(19 Apr 2011)
12
Initiatives
Investment:
RM11.16b
GNI: RM16.62b
Jobs: 74,457
Round #6
(13 Jun 2011)
15
Initiatives
Investment:
RM63.88b
GNI: RM66.31b
Jobs: 63,531
RM
220
Billion GNI
Up To 2020
362,396
New Jobs Will Be
Created
Number of EPP Projects
60
82%
52
50
40
30
20
10
0
60%
19
16
22%
18%
Operational / Completed
Commenced
Operations has commenced
Source : PEMANDU (Data as at July 2011)
Of Initiatives
Operational Or
Commenced
NKEAs Are On Track To Achieve Their Targets
Target =
RM 1.7 trillion
Target =
RM 1.4 trillion
Target =
3.3 million
13%
12%
RM 220 b
RM 170 b
11%
362,396
GNI
Investment
Jobs
100%
Source : PEMANDU Analysis (October 2010 – June 2011)
Note : Target figures above are by year 2020
Consumer Confidence Is High…
120
100
97
88
87
81
96
95
98
Q3
2009
Q4
2009
Q1
2010
99
103
107
105
Q2
2010
Q3
2010
Q4
2010
Q1
2011
80
60
40
20
0
Q1
2008
Q3
2008
Q1
2009
Q2
2009
Source : Nielsen Consumer Confidence Index
Market Capitalisation Is Up & Bursa Malaysia
Hit A New Record High On 1 July 2011
1,582.94 Pts.
Market Capitalisation
RM1.34 Trillion
30 June 2011
19.6%
RM220 Billion
RM1.12 Trillion
Aug 2010
Source: PEMANDU Analysis (Oct 2010 - June 2011)
Let’s Now Focus On
Competitiveness
Focus
We need “Drivers”
to ensure focus
NKEAs
&
Competitiveness
We need “Enablers”
to ensure competitiveness
SRIs
SRIs Provide The Enablers For Malaysia
To Be Competitive
51
Policy Measures
14
With Natural Homes
Within The NKEAs /
NKRAs
37
Grouped In SIX
Clusters For
Execution
37 Policy Measures
Grouped Into 6 Clusters
1
2
3
Int’l Standards
& Liberalisation
Public
Finance
Public Service
Delivery
9 policies
5 policies
7 policies
4
5
Human Capital
Development
Government‘s
Role in Business
9 policies
5 policies
6
Narrowing
Disparities /
Bumi SMEs
2 policies
The SRI Journey To Date…
1
2
Part 1
Concluding Pt
Mar 2010
Dec 2010
NEM
NEM
3
SRI Labs
4
Cabinet
Workshop
5
6
Feb - Apr
2011
19 Apr 2011
5 July 2011
Monthly /
Q1 2012
ETP
Update
Updates /
Annual Report
500 Lab Members Participated In
6 SRI Labs For 6 Weeks
Generating 13 Reports With
Approximately 3,000 Pages
The Lab Detail
WHAT, HOW & WHEN
To Implement The Policy Changes
3-Feet Level Recommendations
Owners Of The 6 SRI Clusters
PUBLIC FINANCE REFORM
YAB Dato’ Sri Najib Razak
Minister of Finance 1
Y B Dato’ Seri Ahmad Husni Hanadzlah
Minister of Finance 2
NARROWING DISPARITIES /
BUMIPITERA SMEs
YB Tan Sri Nor Mohamed Yakcop
Economic Planning Unit
PUBLIC SERVICE DELIVERY
YB Tan Sri Sidek Hassan
Ketua Setiausaha Negara
GOVERNMENT’s ROLE IN BUSINESS
YAB Dato’ Sri Najib Razak
Prime Minister of Malaysia
SRIs
HUMAN CAPITAL DEVELOPMENT
YAB Tan Sri Dato' Haji Muhyiddin Yassin
Deputy Prime Minister of Malaysia
Datuk Dr. Subramaniam
Minister of Human Resources
INTERNATIONAL STANDARDS &
LIBERALISATION
YB Dato’ Sri Mustapa Mohamad
YB Dato’ Sri Ismail Sabri Yaakob
YB Datuk Seri Dr. Maximus Ongkili
MITI / KPDNKK / MOSTI
#1
Public Finance Reform
Public Finance Reform Lab
Aims To Create Fiscal Space…
Revenue
Fiscal Space
Cost
NOW
…To Allow Us To Manage
Contingencies, Pay Off Our Debt &
Invest For The Future
Public Finance Reform Lab Focused On Several
Key Levers To Improve Our Fiscal Position
Improve Tax
Administration
Rationalise
corporate tax
incentives
Transparent
Procurement
Control Expenditure
Broad-based Tax
Accrual Accounting
21 Recommendations Will Generate
Revenue / Cost Savings Of RM13 Billion
Within The First 2 Years Of Implementation
Savings / Revenue
(RM Million)
Tax Compliance
Procurement
Indirect Tax*
Indirect Tax
Direct Tax
Expenditure Control
Rationalise Incentives
Total w/o GST
GST @ 4% - 7%
Total Contribution
Of Lab Initiatives
591
689
400
3,454
590
1,016
6,739
6,268
13,007
Tax Collection
We Need To Improve Our Tax Collection
Developed
Nations
10% - 15%
Malaysia’s
Tax Gap
20%
RM20 Billion
Developing
Nations
30%
*Based On 2009 Collection
Moving this way, in line with objective to
become a developed nation by 2020
Tax Collection
We Must Improve The Collection Of
Direct And Indirect Taxes
Estd Value
Direct Tax : LHDN
(RM Million)
Estd Value
Indirect Tax : RMCD
(RM Million)
Widen Field Audit &
Investigation Coverage
2,857
Revise depreciation rate of
gazetted value of used cars
439
Widening the Tax Base
163
400
Improving Efficiency in
Tax Submission & Tax
Collection
434
Audit based control on
exporters and importers of
liquor and cigarette in Duty
Free Zone
Enhance Enforcement /
Audit
250
Tax Collection
GST Will Have A Positive Impact On
The Country’s Fiscal Position
4%
+ RM 6.3 Billion
Or
5%
+ RM 9.7 Billion
Tax Collection
143 Countries
Have Implemented
GST To Widen Their
Tax Base
Malaysia is one of the few countries which have not implemented
GST
Tax Collection
We Will Ease Implementation Of GST
To Reduce The Burden To The Rakyat
And The Business Community
Many Staple
Products Will Be
Exempted / ZeroRated
Reduce Corporate
/ Align
Personal Tax
Incentives To
Support
Bottom
40% + SMEs
Removal Of
Sales
Service Tax
Expenditure Control
We Will Also Control Government’s
Expenditure In 6 Areas
Transfer
Payment
To Statutory
Bodies
Government
Expenditure On
Travelling
Expenses
Rationalise
Subsidies
Procurement
Right-sizing The
Public Sector
Reform Civil
Service Pension
Scheme
Covered under the
Transparent
Procurement Mini-Lab
Covered by:
• Public Expenditure Review
Study by World Bank
• Implementation of OBB
• Public Service Delivery
(BPR)
Public Service Delivery
Lab (portable pension)
Implementation
started in July 2010
#2
International Standards
& Liberalisation (ISL)
ISL has 3 Components To Improve
Competitiveness
Liberalisation
Competition Law
ISL
Standards
Liberalisation
Services sector only contributes to 57% of
Malaysia’s GDP vs. 70-80% in Developed Nations
70-80%
In
Developed
Nations
GDP (per capita, USD)
% Services Contribution To GDP
60,000
57%
In 1st Half
Of 2010
40,000
Malaysia
20,000
30%
40%
50%
60%
% Services Contribution
*Sourced from 10th Malaysia Plan
70%
80%
Liberalisation
We Will Focus On
Top Services Sector Based On...
1. Strong Contribution
2. Strong Potential
GNI
Growth
Liberalisation
Services Sectors That Can Be
Liberalised Are:
Healthcare
Education
Business Services
GNI Contribution
RM15.2
Billion
RM27.1
Billion
RM19.5
Billion
Historical Growth
Rate
8.8%
6.8%
7.9%
(Professional)
Liberalisation | Recommendations
Healthcare
Liberalisation
Private Hospital
Remove foreign equity restrictions / # of bed restrictions
Specialized Professionals
Relax restrictions on foreign specialists e.g. doctors, dentists
Education
International Schools
Gradually relax foreign equity restrictions with strong guidelines to maintain quality / standards
Teaching Permits
Extend validity of teaching permits for a period of up to 5 years
Business
Services
(Professional)
Accounting Services
No foreign equity restrictions and encourage diverse forms of practices e.g. body corporates, limited
liability partnerships
Legal Services
Foreign lawyers / legal firms to be allowed to practice in Malaysia via International Joint Law
Partnerships
Engineering Services
Improved selection system and limiting the liability period of professional engineers to 15 years in
tandem with the removal of equity restrictions
Architects
Ease of entry of foreign architects with registration under the Board of Architects
Standards
Malaysia Has 6,260 Standards
But Less Than 10% Are Enforced
6,260
3,759
Malaysian
Standards Have
Been Developed
60% Are Aligned
With International
Standards
But
328
5.3% Have Been
Made Mandatory
Standards
We Could Not Review
All 3,759 Standards
In The 6 Week Lab
Standards
So, We Took An “Entry Point” Approach…
Seaweed
Pineapples
Halal
Pharmaceuticals
Medical Devices
Green-label Products
Standards
Medical Devices Have
Significant Potential
USD Billion
35
Domestic Consumption
11.5
3x
4.5
Export
1.05
4x
By 2020
By 2020
Standards
Medical Devices:
Lab Provided Benchmarking And Solutions
Across The Entire Value Chain
Procurement
•
•
•
•
•
•
•
ISO 13485
ISO 5832-1
ISO 5832-1
ISO 5832-2
ISO 5832-3
ISO 5832-11
ISO 5832-14
Manufacturing
• ISO 13485
• Good Manufacturing
Practice (cGMP)
• Other standards as listed
in the appendix slides –
ISO Standards into
Malaysian Standards.
Transportation
• GDP
• ISO 13485
• ISO 1927 Part 1-8
Sales & Export
Based on
requirements imposed
by the importing
countries;
• Europe – CE Mark
(MDD 93/42/EEC
upgraded to MDD
2007/47/EC
• USA – FDA CFR 820 –
QSR, USA – 510K,
PMA
Customer Service
• EU – ISO 13485
• USA – Medical Device
Vigilance System
• Post market Surveillance
Standards
For The Rest Of The Sectors,
We Have Created A Toolkit
To Reduce Time
In Developing Standards
3
years
1
year
Time Taken To Develop Standards In Malaysia
Standards
3 Routes To Develop Standards
Route 1
Adopt International
Standards
Route 2
Develop Malaysian
Standards
And Then Internationalise
Standards
Route 3
Malaysia Standards
As The Benchmark
Standards
Competition Law –
Why Is It Important?
Anti-Competitive Agreements
Abuse Of A Dominant Position
such as price-fixing, market sharing, bid-rigging,
limiting or controlling production
such as unfair pricing, tying/bundling, refusal to
deal, predatory pricing
Standards
Lab Proposed 3-Feet Level Programmes To
Implement Competition Law By 2012
Solid
Structure
of
Competition
Commission
Effective
Advocacy
Clear & Efficient
Processes
In Implementing
Competition
#3
Human Capital Development
The NKEAs Will Generate…
3.3 Million Jobs By 2020
Human Capital Development Lab Framework
MKRA/NKEA
Education
NKRA/NKEA Education
Pre-School
Labour
Safety Net
Modernise
Labour Laws
• Attracting investors
• Protection of
workers
• Consolidation &
streamlining labourrelated laws
Secondary
School
Primary
School
•
•
•
•
•
Job search
Job relocation
Job placement
Up-skilling & training
Income relief
Women’s
Talent
•
•
Women’s participation
in the labour market:
• Leverage
• Retaining
• Increase
Increase women in
decision making
positions to a
minimum of 30%
College/
University
Strengthen
HR Mgmt
• Establish HR Centers
to assist SMEs by
providing HR solutions
• Train and upskill HR
capabilities to
enhance business
performance in SMEs
High Skilled
Workforce
Low/Medium Skilled
Workforce
Retire ment
Labour Market Up skilling &
Analysis
Reskilling
• Comprehensive
labour market
research &
analysis
• Key tool for
national
manpower
planning
• Upskilling/
upgrading to
address immediate
needs
• Pilot with four
NKEA sectors
(OGE, E&E,
Tourism, Business
Services –
Outsourcing)
We Will Modernise Labour Legislation
4
Acts
+
Wide Range Of
Proposed
Amendments
Retirement Age Flexible Work Arrangements Wages Advances of Wages Overtime Limitation
Advance Leave Jurisdiction of Labour Courts Termination Benefits Trade Unions Dismissals
Trade Dispute Appeal vs Judicial Review Industrial Court Reference for dispute for Conciliation
Strike Membership of minors in trade unions Registration process of trade unions Illegal Strike
Secret Ballot in trade unions Contract Of Foreign Workers Special pass for foreign workers
Domestic Servants Protection Standard contract of employment Outsourcing Workers Workers
Minimum Standards of Housing & Amenities Social Security Freedom of transfer of
employment for Foreign Workers
Government Targets
To Announce
Minimum Wage
By The End Of 2011
• Work Commenced in 2010 by The Ministry of Human Resources
• National Wages Consultative Council Bill approved by the Parliament on
30 July 2011
This Is A Stepping Stone
Towards A
Productivity–Linked
Wage System
*Work Commenced In 2010 By The Ministry of Human Resources
ILMIA Will Conduct Labour Market Analysis
To Help Match Supply & Demand
• Supply Gap Analysis
• Labour Market Indicators
• Sectoral / Sub-sectoral Analysis
• Labour Productivity Analysis
• Gender Occupational Analysis
• Foreign Workers Assessment
Prime Minister Has Announced That
Private Companies Must Have
30% Female Workforce In
Decision-Making Positions By 2016
Talent Corp Is Part Of The Team In
Upskilling & Upgrading The Workforce
Oil, Gas & Energy
(OGE)
Tourism
Electrical &
Electronics (E&E)
Biz Services Outsourcing
5 Initiatives
5 Initiatives
5 Initiatives
2 Initiatives
#4
Public Service Delivery
Lean & Efficient Government
Our Ranking Has Been Improving
But We Must Stretch And Aspire… #5
2007
#25
2008
#24
2009
#20
2010
#23
2011
#21
2015/
2020
To Become A Lean, Efficient & Facilitative Government
Source: World Bank Report
Lean & Efficient Government
The Public Services Delivery Lab
Focused On Reforming The
Government
And Civil Service
In Order To Improve Service
Towards Businesses And Citizens
Lean & Efficient Government
Business Process Re-engineering (BPR) Was
Conducted With One Entry Point Project:
Hotel Licences
A Toolkit Was Developed For
Other Licenses Too
Lean & Efficient Government
Hotel Licences Process Review
From
18
Licences In 6 Months
To
3
Licences In 3 Days
(Proposed by lab)
Lean & Efficient Government
Public Feedback Via SMS/Touch Screen
Starting With The Police Force…
Pilot 92
Stations In
Selangor
SMS Police ID Followed By
The Level Of Service
(5 = Excellent, 1 = Very Poor)
(((
Please Rate
the Service
Level
Text #### to
########
Lean & Efficient Government
… And Will Be Extended To Taxi Drivers,
Immigration & Public Hospitals
(((
Please Rate
the Service
Level
Text #### to
########
Lean & Efficient Government
And High Performing Civil Service
Must Be…
1. Anchored On Performance
2. Rewarded On Performance
3. Allowed Greater Mobility & Opportunities
Lean & Efficient Government
Open Recruitment From Existing Civil
Service & Private Sector Will Instill
Competition And Performance
Top
Mobility
Middle
Low
Private
Sector
Starts with senior / middle management and gradually move
downwards across all of civil service
#5
Government’s Role In Business
Government To Rationalise Role In
Business With 3 Objectives
Avoid
CROWDING OUT
Private Sector
Increase
LIQUIDITY In Capital
Markets
Improve
Government’s
FISCAL POSITION
The Lab Focused On 3 Aspects
1
Establishing
Government’s
role in
business
2
3
Divestment
plan via a
White Room
Governance
for stateowned
companies
When should Government
be in business?
1
2
3
Establishing
Government’s
role in
business
Divestment
plan via a
White room
Governance
for stateowned
companies
Private Investor needs Co-Investors
Avoid PPP e.g. Corridor Development projects
CROWDING OUT
Business must be owned domestically
private sector
National security e.g. Defence / Paddy
Large growth capital, catalytic or new technology required
Projects with long gestation periods e.g. nanotechnology
National Infrastructure
E.g. MRT
Pathway to Divestment
1
2
3
Establishing
Government’s
role in
business
Divestment
plan via a
White room
Governance
for stateowned
companies
Divest / Sale to Private Sector
Ministry /
State Owned
Maintain if strategic /
public sector delivery
Private Owned
GLC Owned
Transition
to GLCs
Divest / Sale
to Private
Sector
Turnaround / Transform
before divest
GLIC Divestment Plan
now in place…
1
2
3
Establishing
Government’s
role in
business
Divestment
plan via a
White room
Governance
for stateowned
companies
Plan of Action
Action for
Number of
companies
Pare -down
Listing
Outright Sale
2011/2012
GLIC 1
GLIC 2
GLIC 3
GLIC 4
GLIC 5
GLIC 6
4
8
10
3
4
4
0
0
0
3
2
0
0
0
7
0
0
0
4
8
3
0
2
4
4
8
5
3
4
0
TOTAL
33
5
7
21
24
Entity
Divestment
has already started …
Entity
Number of
companies
Plan of Action
1
2
3
Establishing
Government’s
role in
business
Divestment
plan via a
White room
Governance
for stateowned
companies
1ST Day Closing Price
(28 June 2011)
RM4.89
Action for
Pare -down
Listing
Outright Sale
2011
GLIC 1
4
0
0
4
4
GLIC 2
8
0
0
8
8
GLIC 3
10
0
7
3
5
GLIC 4
3
3
0
0
3
GLIC 5
4
2
0
2
4
GLIC 6
4
0
0
4
0
TOTAL
33
5
7
21
24
Malaysia Sugar
Manufacturing
(MSM Bhd.)
IPO Price
RM3.50
How Do We Repeat
The Success Of PCG
1
2
3
Establishing
Government’s
role in
business
Divestment
plan via a
White room
Governance
for stateowned
companies
(GLC Transformation)?
High-Powered Steering
Committee
Headline KPI for
transformation & divestment
#6
Narrowing Disparities /
Bumiputera SMEs
We Acknowledge That The Bumiputera
Economic Agenda Is Wide…
Wealth Creation
ASSETS
Education
CAPABILITY
..And The Lab Focused On
Bumi SME development
Employment
INCOME
The Lab Focuses On Developing
Bumi SMEs To Promote Wealth Generation
Special
Programmes
Government
procurement
GLC / BCC
Vendor
development
Capability
Building
Funding
Human Capital
Others
(R&D,
marketing)
Targeted Bumi Entrepreneurship
Programme for SMEs
11,136
High Performing Bumi SMEs
Bumi 100
Top 100 medium Bumi SMEs
(approx. top 5%)
Bumi 1000
Top 1000 small/ micro Bumi SMEs
(approx. top 5%)
Selection of Qualified Bumi SMEs
will be...
1
Transparent and Fair
• Minimum 50% of revenue from non-Government revenue
• Preferably a minimum 3* SCORE rating
• Strong trend of / towards profitability in the last 2 – 5 years
• Preferably a favourable Credit Bureau Malaysia Rating
• Preferably a management team with a mix of Bumi and non-Bumi
2
Clear Exit / Graduation Criteria
• Companies must either
Graduate: Become large companies
 Drop-out: Miss key milestones
TERAJU Will Launch And Implement
The High Performing Bumi SME
Entrepreneurship Programme
21st July 2011
KL Convention Centre
The Remaining Policy Measures Have
Natural Homes…
14
With Natural Homes
Within The NKEAs /
NKRAs
51
Policy Measures
37
Grouped In SIX
Clusters For
Execution
There are
more info at
our booths…
Although We Face Serious
Challenges In This Difficult
Global Economy…
We Have Concrete Programmes To
Weather The Challenges…
... And We’ve Made Great Strides In
A Short Space Of Time
We Are Raising The Bar
By Implementing Both
Focus
We need “Drivers”
to ensure focus
NKEAs
&
Competitiveness
We need “Enablers”
to ensure
competitiveness
SRIs
THANK YOU
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