Tuesday, 22 March 2011

Monitor Review of Malaysia Economy and PM Economic Plans

The first page of Buku Jingga of Pakatan Rakyat

Setelah 53 tahun Merdeka negara kini berada dalam krisis. Cita-cita untuk membina sebuah bangsa yang bersatu padu dan negara yang makmur telah gagal.

Demokrasi dan hak asasi rakyat terus dinodai oleh pemerintah UMNO/BN. Rasuah dan penyalahgunaan kuasa membarah. Kekayaan negara telah dibolot oleh segelintir elit berkuasa. UMNO/BN tidak mempedulikan rakyat terbanyak yang dihimpit oleh kos sara hidup yang tinggi. Pendapatan rakyat tidak meningkat kerana dikekang oleh pemerintah. Daya saing negara dan rakyat terhakis akibat dasar yang lemah, pelaksanaan yang tidak berkesan dan kebijakan (dasar) yang tidak berjiwa rakyat. 

NEGARA DALAM KRISIS
Krisis Ekonomi
Ekonomi negara terus kekal di takuk lama sejak krisis kewangan Asia Timur 1997/98. Selepas sedekad berdepan dengan kelesuan ekonomi, Malaysia kini ditinggalkan jauh oleh negara-negara seperti Korea Selatan, Taiwan dan Singapura sementara kita juga diancam oleh jiran serantau seperti Indonesia, Thailand, Filipina dan Vietnam.
Jawapan pentadbiran sedia ada kepada kemelut ekonomi ini adalah dengan menabur janji-janji melalui kempen slogan yang menelan belanja ratusan juta wang rakyat.
Rakyat disajikan dengan pelbagai perancangan ekonomi seperti Model Ekonomi Baru (MEB), Program Transformasi Kerajaan (PTK), Program Transformasi Ekonomi (PTE) dan lain-lain yang sebenarnya tidak keluar dari kebijakan ekonomi yang digunapakai selama ini.
Program-program ini masih bersandarkan kepada keborosan membelanjakan wang rakyat untuk membina projek-projek mega tanpa ada keikhlasan untuk melaksanakan reformasi ekonomi yang diperlukan negara.
  • 12 tahun berturut-turut kerajaan Malaysia mengalami belanjawan defisit.
  • 10 tahun berturut-turut Malaysia gagal mencapai sasaran pertumbuhan ekonomi.
  • 4.7% purata pertumbuhan ekonomi 2001 – 2005, sedangkan sasaran adalah 7.5%.
  • 4.2% purata pertumbuhan ekonomi 2006 – 2010, sedangkan sasaran adalah 6%.
  • KDNK negara adalah lebih kecil dari KDNK Singapura bermula dari tahun 2009, kali pertama dalam sejarah ia berlaku.
  • 325 bilion ringgit wang PETRONAS diambil antara tahun 2007 hingga 2010. Ini bermakna purata sumbangan PETRONAS setahun adalah 81.25 billion ringgit.
  • 53.3% adalah kadar hutang negara berbanding KDNK dalam tahun 2009, melonjak naik berbanding kadar 35.1% dalam tahun 1998.
  • 3 kali ganda peningkatan perbelanjaan kerajaan yang ditampung oleh wang PETRONAS dan hutang, dari RM68 bilion (1998) kepada RM214 bilion (2010).

To start to rebut the above lies, we start with the Monitor...Below is the review done by the Monitor on our Malaysian Economy....


The Malaysian Economy in Review

A biannual analysis and forecast of the country’s economy, the report says renewed domestic demand and investment led to a recovery in employment with some 140,000 new jobs added in Q2 with manufacturing capacity returning to normal levels and prices rising. Investment inflows improved, pursuing healthy returns in Malaysia’s financial markets as well as longer-term investment opportunities. As a result, the Ringgit recorded the strongest appreciation in the region from the start of 2010 to Q3 against the US dollar. However, Malaysia’s hard-won recovery remains tenuous—exports and some industrial production indicators weakened mid-year—and will continue to soften as the world’s major economies grapple with the fallout of a lengthy financial downturn.

“Meeting the growth targets of the 10th Malaysia Plan will require a significant rise in productivity and investment,” says Philip Schellekens, lead author of the Monitor. “The dual approach in the Economic Transformation Program of combining cross-cutting policies with private sector-led projects provides an excellent platform. The proof of the pudding, however, will be in the consistent execution of policy reforms,” he said. “Also, until solid implementation of policy reforms is seen there is unlikely to be a groundswell of positive sentiment of foreign investors towards Malaysia.”


This a reality review of Malaysia Economy by World Bank ...........

We are not in a bad shape but as countries are emerging out of the recent Global recession, Malaysia is steady on the path of recovery.....

In stark contrast of the Buku Jingga, below are some of the initiatives for economic improvements  planned out by our Barisan Nasional Government. The Buku Jingga of Pakatan Rakyat spread lies on the initiatives taken without even mentioning what was actually planned. The Buku Jingga is nothing but general statements prepared by Undergraduate Economic Student without any concrete Economic Turnover Plans to turn around the Malaysian economy. If the Buku Jingga was sent in to me to mark for a plan submitted to turn-around Malaysian Economy, I would not even want to give it a D minus...


The Prime Minister Plan

Economic Transformation Programme (ETP) Announced on January 11, 2011

  • On 11/1/11, Government announced another 19 entry projects (EPPs) worth of RM67bil in private sector investments (involving 10 NKEAs) as part of the actions to transform Malaysia into a high-income nation by 2020.

  • The projects, which followed the 18 announced last year (25/10/10), would contribute RM36 billion in gross national income and create 35,000 jobs.

  • The 19 projects are focusing on the oil and gas, health and property sectors. The oil and gas industry alone will see at least RM20.1 billion in investments.

Summary of 19 Entry Point Projects

19 Entry Point Projects worth RM67bil involving 10 National Key Economic Areas (NKEAs).

A. OIL, GAS AND ENERGY

1. ExxonMobil>>Investment: Over RM10bil
>>Project: ExxonMobil Exploration and Production Malaysia Inc. and partner Petronas Carigali Sdn Bhd to invest in new oil and gas assets to help meet growing energy needs. Involves multiple projects including enhanced oil recovery activities in the Tapis field; and the development of the Telok project.
>>Start date: Early 2013.

2. Shell Malaysia>>Investment: RM5.1bil
>>Project: Upgrade, expand or build facilities in all level of activities across the country. Projects include the expansion of the Shell MDS wax plant in Bintulu, a new diesel processing unit at the Port Dickson Shell Refinery and the Gumusut deepwater development in Sabah.
>>GNI Impact: RM2.9bil (at plateau production level)
>>Potential Jobs: 1,650 over the construction period.

3. Dialog Group Bhd: Independent Deepwater Petroleum Terminal in Pengerang, Johor
Investment: RM5bil
>>Project: Develop a terminal with a total petroleum storage capacity of about five million cubic meters.
>>Potential Jobs (by 2020): 5,000 throughout construction and operation.

4. Malaysia Nuclear Power Corporation>>Purpose: Lead planning on possible use of nuclear energy to meet country’s energy demands. >>Dr Mohd Zamzam Jaafar appointed as the chief executive officer.
Current development timeline: 11 to 12 years from pre-project to commissioning.

B. BUSINESS SERVICES

Malaysia as a world-class data centre hub
>>Total Investment: RM671.6mil (3 companies)
>>Project: Develop new and upgrade current facilities to ensure sufficient data centre floor space to meet increasing demand.

C. AGRICULTURE

High-value herbal plantation in Pasir Raja GNI Impact (by 2020): RM2.2bil
>>Project: Cultivate herbs that are in high demand for the production of nutraceuticals and botanical drugs.
>>Potential Jobs: 285

D. HEALTHCARE

1. Universiti Malaya Health Metropolis>>Investment: RM1.25bil (excluding land costs)
>>Project: Health Metropolis, which includes a new hospital wing, research and education centre, would be developed as the country’s premier medical hub and as one of the centres of excellence for medicine and bioscience in the region.
>>Potential Jobs (by 2020): 10,400 in healthcare and support staff.
>>GNI Impact (by 2020): RM986mil

2. Hovid: Hovid Objective PharmaceuticalExcellent>>GNI Impact: RM50mil
>>Project: Develop generic drugs including for the treatment of diabetes (Metformin 850mg MR) and painkiller (Tramadol 100mg SR).
>>Joint project between Hovid Bhd and Winthrop Pharmaceuticals, a subsidiary of Sanofi-Aventis Group.

E. TOURISM

1. Teluk Datai Development Plan>>Investment: RM1bil
>>Project: Teluk Datai Resorts Sdn Bhd to develop 300 acres of land in Langkawi by 2014. Includes the upgrading of The Datai Hotel and golf course, and development of premium hotels and luxury villas for sale.

2. YTL Group: Pulau Gaya Development>>Investment: RM75mil
>>Project: The construction of a Pulau Gaya Resort in Sabah with a spa village and 132 spacious hillside and sea-front villas.

F. ELECTRICAL AND ELECTRONICS

AUO Sunpower>>Investment: RM2.2bil
>>Project: Construction of a new solar facility in Malacca to generate more than 1,400 megawatts of high-efficiency solar cells annually. Potential Jobs (by 2012): 4,069

G. EDUCATION

Skills Malaysia 2011>>Purpose: Upgrade unskilled workers and raise awareness of post-SPM education opportunities through roadshows and a skills sompetition.

H. COMMUNICATIONS CONTENT AND INFRASTRUCTURE

SelecTV: Hospitality IPTV>>Investment: RM30mil
>>Project: Distribute Malaysian content to local and international hotels including in the middle east, Thailand and Indonesia.
>>GNI Impact: RM90mil

I. WHOLESALE AND RETAIL

Mines Wellness City by Country Heights Group of Companies>>Investment (by 2020): RM3bil
>>Project: To develop an integrated health and wellness resort as a one-stop destination for modern and complementary medicine.
>>GNI Impact: RM5bil over 10 years
>>Potential Jobs: 11,000 over 10 years.

J. GREATER KL/KLANG VALLEY

1. Damansara City 2>>Investment: RM1.9bil
>>Project: Integrated development in Pusat Bandar Damansara by GuocoLand Malaysia. The next iconic landmark will comprise two office blocks (totalling 845,000 sq feet) and retail blocks (290,000 sq feet), a 300-room hotel and a 260-unit service apartment.

2. Mass Rapid Transit>>Investment: RM36.6bil for three lines (without land acquisition and rolling stock)
>>Project: Connecting Greater KL to ease congestion and increase accessibility to, from and within the city.
>>GNI Impact: RM21.3bil incremental GNI
>>Potential Jobs: 130,000 at its peak with multiplier impact.

3. Talent Corporation>>Purpose: Implement initiatives to attract best talents to fill the 3.3 million positions to be created by the various National Key Economic Areas (NKEAs).


Conclusion

This, second part of the ETP will lead to a growth in domestic demand through consumption and investment.
.....



1 comment:

  1. DO NOT BELIEVE IN THE ORANGE BOOKLET for it has turned out to be BLUE VIDEO...

    ReplyDelete