ID :
188453
Tue, 06/14/2011 - 12:06
Auther :
Shortlink :
https://oananews.org//node/188453
The shortlink copeid
EPP TO PROVIDE HUGE INVESTMENT OPPORTUNITIES
KUALA LUMPUR, June 14 (Bernama) -- The Entry Point Projects (EPP) are expected to provide huge investment opportunities in the services and manufacturing sectors as the country embarks on the implementation of the Economic Transformation Programme (ETP).
Under the ETP, which aims to propel the country to a high-income economy by 2020, 131 EPPs have been identified which include the Mass Rapid Transit and the Kuala Lumpur International Financial District projects.
"The government will continue to play a key role as the enabler and
facilitator to create an environment conducive for business to grow," the Ministry of International Trade and Industry (MITI) said in its MITI 2010 Report released here Tuesday.
On the global front, MITI expects the global economic growth to be steady but slower this year and next year with weaknesses in the major developed economies expected to continue to impede global recovery and pose risks for world economic stability.
It said the unprecedented scale of policy measures taken by governments during the early stage of 2009 financial crisis helped to stabilise financial markets and jump-start a recovery.
However, policy response weakened during 2010 and is expected to be less supportive in the near term, especially as fiscal deficits are widening while rising public debt has undermined support for further stimuli, it added.
Global GDP is projected to increase by 4.2 per cent in 2011 and 4.5 per cent in 2012 with developing economies expanding by at least six per cent each year, more than twice the 2.1-2.6 per cent growth expected for high-income countries.
Yet, these growth rates are unlikely to reduce unemployment substantially.
Recovery is expected to be supported by further strengthening of capital flows to developing countries in 2011 and 2012.
Based on the World Trade Organization Trade Ranking 2010, Malaysia was ranked as the 24th leading trading country globally compared with 26th place in 2009.
Among Asean countries, Malaysia recorded the strongest growth of Foreign Direct Investment by 500.3 per cent to US$8.58 billion from US$1.43 billion in 2009.
-- BERNAMA
Under the ETP, which aims to propel the country to a high-income economy by 2020, 131 EPPs have been identified which include the Mass Rapid Transit and the Kuala Lumpur International Financial District projects.
"The government will continue to play a key role as the enabler and
facilitator to create an environment conducive for business to grow," the Ministry of International Trade and Industry (MITI) said in its MITI 2010 Report released here Tuesday.
On the global front, MITI expects the global economic growth to be steady but slower this year and next year with weaknesses in the major developed economies expected to continue to impede global recovery and pose risks for world economic stability.
It said the unprecedented scale of policy measures taken by governments during the early stage of 2009 financial crisis helped to stabilise financial markets and jump-start a recovery.
However, policy response weakened during 2010 and is expected to be less supportive in the near term, especially as fiscal deficits are widening while rising public debt has undermined support for further stimuli, it added.
Global GDP is projected to increase by 4.2 per cent in 2011 and 4.5 per cent in 2012 with developing economies expanding by at least six per cent each year, more than twice the 2.1-2.6 per cent growth expected for high-income countries.
Yet, these growth rates are unlikely to reduce unemployment substantially.
Recovery is expected to be supported by further strengthening of capital flows to developing countries in 2011 and 2012.
Based on the World Trade Organization Trade Ranking 2010, Malaysia was ranked as the 24th leading trading country globally compared with 26th place in 2009.
Among Asean countries, Malaysia recorded the strongest growth of Foreign Direct Investment by 500.3 per cent to US$8.58 billion from US$1.43 billion in 2009.
-- BERNAMA
