PM: ETP ALREADY DELIVERING RESULTS WITH NINE EARLY WINS

KUALA LUMPUR, Oct 25 (Bernama) -- The Economic Transformation Programme (ETP)
has gotten off to a strong start with nine early wins announced at the launch of
the ETP-A Roadmap for Malaysia, here Monday.

"The ETP is already delivering results. The early wins show that by
focusing on action, results will flow. We will announce more confirmed
investments over the next few months," Prime Minister Najib Razak said.

Based on current track record, 53 entry point projects with a total
investment value of US$97 billion, almost 45 per cent of the total investment
targeted, are already in various active stages of engagement.

Among the nine early wins are an initial investment of RM214 million to relocate
and set up a wafer fabrication plant by German firm, LFoundry, in Kulim
High-Tech park.

Mydin, meanwhile, has committed to invest in 14 new branches over the next three
years valued at about RM1 billion (US$322.944 million) while a 208-room hotel
and 160 unit residence is to be managed by ST.Regis.