ETP lures RM220b in committed investments

DBKL: Rate Revision on Hold

The Economic Transformation Programme (ETP) saw RM220 billion worth of committed investments in three years, according to Prime Minister Datuk Seri Najib Abdul Razak. The Economic Transformation Programme (ETP) saw RM220 billion worth of committed investments in three years, according to Prime Minister Datuk Seri Najib Abdul Razak.

“As we conclude 2013 and take stock of the three years of the country's economic transformation, I am happy to announce that 195 projects have been launched under the National Key Economic Areas (NKEAs) since 2010,” said Najib in his speech at yesterday's 'ETP in the Third Year of Implementation' event.

He revealed that the government targets to attract 13 large multinationals to base their operations in Kuala Lumpur, in line with its effort to become the centre for global operations, services and trading.

“Six international trading companies, with a projected minimum of total turnover of US$600 million (RM1.9 billion), will potentially establish their trading operations in the country. In the financial markets, we are set to see an increased value in new listings, with a targeted market capitalisation of RM18 billion,” he said.

Last year, GNI per capita rose to US$9,928 (RM32,159.82). Barring any major unforeseen disruptions, it is on track to achieve high-income nation status by 2020 considering its current growth trend.

“The global outlook continues to be uncertain as developed markets grapple with their challenges. Despite this, Malaysia is targeted to achieve between five percent to 5.5 percent gross domestic product (GDP) growth for 2014, with private investment expected to grow 12.7 percent to RM153 billion,” added Najib..
 
 
(propertyguru.com.my)