Many ETP, but rakyat untung????

So many project, none of it benefited me.


Any auditor audit the progress of the project???

When is the Liberalization of our AUTO industry????


PM announces 20 ETP projects worth RM26b
Business & Markets 2012
Written by Mohd Kamarul Azhar of theedgemalaysia.com   
Friday, 16 November 2012 19:52
 

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PUTRAJAYA (Nov 16): Prime Minister Datuk Seri Najib Razak today (Friday) announced 20 projects under the National Key Economic Areas (NKEAs) as well as the three Economic Corridors worth RM26.09 billion, which will contribute RM10.08 billion of gross national income (GNI) and create 64,282 jobs by 2020.

The 11 key projects in seven NKEAs (Oil, Gas and Energy, Greater KL, Communications, Content and Infrastructure, Business Services. Healthcare, Tourism and Education) will contribute RM1.129 billion of GNI in the year 2020 as well as attract investments of RM6.68 billion and create 40,021 jobs by 2020.

Under the Oil, Gas and Energy NKEA, Seaport Worldwide Sdn Bhd — a wholly-owned unit of Johor Port Bhd, which is in turn a subsidiary of MMC CORPORATION BHD [] — is developing RM1.02 billion Tanjung Bin Petrochemical and Maritime Industrial Centre in Pontian, Johor.

The development comprises prime and strategic land covering a total area of 2,255 acres (913 hectares). This centre will complement other projects in Johor which aim to drive Malaysia’s ambition to be Asia Pacific’s hub for petroleum storage and trading.

Nusa Gapurna Development Sdn Bhd — a 60:40 joint venture between Gapurna Sdn Bhd and the Employees Provident Fund (EPF) — is developing a commercial property project in Seksyen 52, Petaling Jaya with a potential gross development value (GDV) of RM11 billion named the PJ Sentral Garden City.

The development, to span across 40 acres, is poised to be the new green central business district of Selangor, supporting Kuala Lumpur and other business hubs around the city and state.

Under the Communications, Content and Infrastructure NKEA, GPSTech Solutions Sdn Bhd will roll out the Malaysian Public Transportation System (MyPUTRAS), a free online smartportal and smartphone application.

MyPUTRAs was made possible by public-private sector collaboration involving the Malaysian Communications and Multimedia Commission (MCMC) and the Land Public Transport Commission (SPAD) with TECHNOLOGY [] support from MIMOS Bhd, Syarikat Prasarana Negara Berhad, Malaysian Technical Standards Forum Berhad, REDTONE INTERNATIONAL BHD [], DIGI.COM BHD [] and U-Mobile.

Five projects have been announced under the Healthcare NKEA, which are aimed at making Malaysia a popular healthcare tourism destination in the region.

Amanjaya Specialist Centre Sdn Bhd plans to invest RM40.3 million to build a 108-bedded multidiscipline specialist Hospital in Sungai Petani, Kedah. The centre is expected to be operational in 2014.

Love On Wheels Healthcare Services Sdn Bhd (LOWHS), a fully integrated mobile healthcare service provider, is expected to invest RM68.56 million in this project.

Medical Innovation Ventures Sdn Bhd will invest RM8.92 million in its In-Vitro Diagnostic (IVD) project.

Vigilenz Medical Devices Sdn Bhd will invest RM25.8 million to extend its current product line and through R&D, introduce new products such as synthetic sutures, hernia mesh, wound care, haemostats and anti-adhesives.

Straits Orthopaedics (Mfg) Sdn Bhd, which will invest RM76.38 million, plans to expand its product offerings to include spinal implants and joints replacement products.

For the tourism NKEA, Jewel of Mabul Development Sdn Bhd, the developer of Alorie Lepa Lepa, will build an exclusive overwater resort at the southern tip of Mabul island.

The RM168.4 million Alorie Lepa Lepa resort will feature 88 pool villas  across 80 acres of submerged land. The resort would include an underwater restaurant, a spa, scuba diving centre and a marine conservation centre.

CONSTRUCTION [] of the resort began in the last quarter of last year and is expected to be completed in the first quarter of 2014.

To encourage more international student enrolment in line with Malaysia’s aspiration to be regional education hub, the government is working with the National Association of Private Educational Institutions (NAPEI) and Education Malaysia Global Services Sdn Bhd (EMGS) on plans to brand Malaysian international schools and to position Malaysia as a destination for primary and secondary schooling. Key target markets include South Korea, Indonesia, China, Turkey, and Singapore.

In the final ETP Update for 2012, Najib also said a total of 15 out of the 17 subsectors announced during the 2012 Budget are now liberalised.

The remaining two — engineering and architectural services, as well as a new sub-sector, quantity surveying — will be announced once the amended legislation giving effect to the liberalisation is passed.

In addition to liberalisation, Najib said the government places great importance on ensuring that local companies align to international standards to compete in the global marketplace.

Najib also highlighted that nine projects under three corridors — the Sabah Economic Development Corporation (SEDC), Northern Corridor Implementation Authority (NCIA) and Iskandar Region Development Authority (IRDA) — will complement the Economic Transformation Programme (ETP) in propelling Malaysia’s growth.

The nine projects will contribute RM8.95 billion of GNI in the year 2020 as well as attract investments of RM19.41 billion and create 24,261 jobs by 2020.

There are five projects under SEDC. First is the Kimanis Power Plant, a 300MW combined cycle plant that is being built to provide sufficient and reliable electricity supply. The project is ahead of schedule and the first phase will be completed by December 2013.

The Palm Oil Industrial Cluster (POIC) Lahad Datu is Malaysia’s first dedicated palm oil logistics hub. Located in the Sabah, the first two phases will focus on major palm oil industries such as refineries, fertilizer plants and oleochemicals.

Sipadan Mangrove Resort Sdn Bhd is developing a resort in Sungai Kalumpang. Spread across 200 acres of Aquaculture Park and 700 acres of Mangrove Reserve island, the resort will provide facilities for divers as well as eco-tourism.

Borneo Shrimp (Sabah) Sdn Bhd will begin commercial development and production of cultured prawn in Kampung Pintasan, Kota Belud and Sungai Telaga, Pitas.

The fifth project is the Alila Dalit Bay Integrated Resort. With 452 rooms and 134 villas, the hotel will complement the Sabah West Coast tourism zone.

There are three projects under NCIA. The first is a collaboration between NCIA, the Department of Fisheries, and E-Arowana Trading Sdn Bhd as the anchor company. Using in-vitro technology, the project aims to increase Arowana production to meet the strong demand from China, Korea, Taiwan and Europe.

Another collaboration between NCIA, the Department of Fisheries, and Progressive Ocean Sdn Bhd aims to produce approximately 800 metric tonnes of Kerapu Harimau annually to meet the demand from Hong Kong, Taiwan, China, Japan and Europe.

The final project is championed by the Farmers’ Organisation in Pokok Sena, Lahar Bubu and Penaga. This project aims to double the current yield from 4MT/ha/season to 8MT/ha/season in 2020 by improving the mechanization programme in paddy farming.

Damansara Assets Sdn Bhd — a wholly-owned company of Johor Corporation — will invest RM440 million to redevelop two tourism outlets, Komtar (renamed Aira Shopping Mall) and Plaza Kotaraya (renamed Galleria @ Kotaraya).

In his speech, Najib said Malaysia has stood out to many investors as an attractive investment destination during conomic turbulence due to its growth and commitment to structural changes.

"In addition, our commitment to structural changes is validated by the World Bank's Doing Business 2013 report which saw Malaysia leaping to twelfth position in global competitiveness

"The report, which surveyed 185 economies, also ranked Malaysia 1st in 'Ease of Getting Credit' and 4th in 'Protecting Investors'. This puts us ahead of countries such as Germany, Japan and Taiwan," he added.

The Grant Thornton Global Dynamism Index (GDI) also ranked Malaysia as the second best country in Asean for dynamic growing businesses. The strong positioning was a result of good ratings in key areas of business operating environment, economics and growth, and financing environment.

However, Najib said, "While we are making good progress on all fronts, we need to expedite the structural reforms to make Malaysia, and Malaysians globally competitive. It’s absolutely critical to build an environment that’s totally conducive for individuals and companies to build and strengthen their global competitiveness as soon as possible."

Malaysia dropped four rankings from 21st to 25th in World Economic Forum’s (WEF) Global Competitiveness Report 2012-2013, after substantially improving its ranking last year.

"This is a glaring indicator that we cannot afford to be complacent as the other countries are continuously improving their competitiveness. I am even more determined to work towards improving our competitive position especially in the areas of technology and innovation," Najib said.