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COUNTDOWN TO 2040!

1M views 4K replies 209 participants last post by  nazrey 
#1 ·
Kepada forumers semua,

Selamat Datang! This is the forum dedicated to projects and construction updates and news happening in Malaysia. All existing threads related to this will be moved here for a more organized forum and new threads related are to be created here.
How's the title of this subforum? Cun tak? :D

Thanks to Efren for the suggestion and Jan for realizing the "2020 vision" :cool:

Regards,
Baqthier
27th October 2003
 
#102 ·
Wawasan 2020 mampu direalisasikan: Pakar


PAKAR ekonomi pembangunan, Jeffrey S Sachs yakin Malaysia akan berjaya merealisasikan Wawasan 2020 jika bersedia meningkatkan pelaburan dalam sains dan teknologi (S&T) serta sektor perkhidmatan.

Profesor di Columbia University, New York City, Amerika Syarikat itu berkata, Malaysia perlu menyediakan sumber manusia bermutu dalam bidang S&T dan perkhidmatan yang sedang berkembang pesat terutama di pasaran ekonomi baru muncul seperti China dan India.

Justeru, beliau yang juga adalah Penasihat Khas kepada Setiausaha Agung Pertubuhan Bangsa-bangsa Bersatu, Kofi Annan, berkata negara ini perlu meningkatkan lagi sistem pendidikannya untuk menghasilkan sumber manusia mahir yang diperlukan pasaran semasa dan masa depan.

“Untuk menarik pelaburan langsung asing dalam sektor ini, Malaysia perlu mempunyai kemudahan penyelidikan yang baik dan mempunyai sumber manusia berkemahiran tinggi dalam S&T dan perkhidmatan.

“Ia tidak akan berlaku dengan sendiri tetapi memerlukan pelaburan besar termasuk pelaburan dalam pendidikan tinggi,” katanya kepada pemberita selepas mengadakan perbincangan dengan Menteri di Jabatan Perdana Menteri, Datuk Seri Effendi Norwawi di Putrajaya, semalam.

Sachs berkata, Malaysia berada di rantau yang mencatatkan pertumbuhan ekonomi paling tinggi di dunia dan berhampiran dengan dua negara yang ekonominya berkembang dengan pesat iaitu China dan India.

Katanya, Malaysia patut mengambil peluang untuk menjadi pengeksport kepada China dan India serta pasaran Asean yang semakin besar.

“Syarikat negara ini boleh menawarkan perkhidmatan kepada China dan India kerana anda tahu jiran anda lebih baik daripada negara lain,” katanya.
 
#103 ·
wth aIMP3: GDP grot 6.3% in 2006-2020
By Tamimi Omar


3IMP-overview

The government targets the Malaysian economy to grow, on average, at 6.3% under the Third Industrial Master Plan (IMP3), which stretches from 2006 to 2020.

In the report released by the International Trade and Industry Ministry on Aug 18, the government forecast total trade to grow almost three-fold to RM2.8 trillion by 2020 from RM967.8 billion in 2005.

It said the growth would hinge on:
· The world economy registering an average growth of gross domestic product (GDP) of 3.5% during the entire plan period;

· The manufacturing sector sustaining its growth momentum;

· The services sector becoming a major source of growth;

· Greater focus being given to developing the agriculture sector;

· The private sector and Government-linked companies (GLCs) assuming a lead role in generating new investments; and

· The public sector enhancing its delivery system.

The manufacturing sector would remain an important sector, growing at 5.6% annually during the IMP3 period and contributing 28.5% to the economy in 2020.

“The non-government services sector will assume a major role during the plan period, growing at 7.5% annually and contributing 59.7% to the economy in 2020,” the report said.

Exports were forecast to increase 2.7 times from RM533.8 billion to RM1.4 trillion with major export items are expected to include:

· Electrical products and electronics parts and components

· Chemicals and chemical products

· Machinery and equipment

· Automotive parts and components

· Information and communication technology (ICT) and multimedia products

· Biotechnology products

· Optical and scientific products Medical devices; and

· Agro-based products.

The report said major services sub-sectors targeted for greater development and export promotion include:

· Business and professional services

· Tourism

· Education and training

· ICT and multimedia services

· Health services, and

· Construction.

During the Plan period, the non-resource based industries are expected to continue to contribute substantively to the export of manufactured products.

“The exports of the industries are targeted to grow at an average annual rate of 7.1% and contribute RM9.2 trillion to exports. In 2020, exports of the non-resource based industries are expected to account for 80.6% of the total manufactured exports of the twelve targeted industries,” it said

It added the resource based industries were targeted to grow at an average annual rate
of 7.1 per cent and contribute RM2.2 trillion to exports.

“In terms of investments, the non-resource based industries are expected to attract RM232.8 billion in investments, while the resource based industries, RM129.7 billion,” it added.

Potential products in the sub-sectors include:
* E&E products, such as semiconductors, smartphones, personal digital assistants, audio visual products and photovoltaic fabricated wafers;

* petrochemicals, such as alpha-olefins and fatty alcohols, vinyl acetate, ethylene dichloride, nylons and polyurethanes;

* pharmaceutical products, such as products derived from biopharmaceutical activities, niche pharmaceutical products, sterile products and oncology products;

* medical devices, such as coronary catheters, clean room medical gloves, in-vitro diagnostic devices, cardiovascular devices, orthopaedic devices, home-care and self care products, high-end diagnostic devices, medical imaging equipment, and high end hospital and laboratory equipment.
 
#104 ·
Pak Lah all for V2020
Wednesday August 30, 2006
TheStar


SEREMBAN: Datuk Seri Abdullah Ahmad Badawi has affirmed that he is committed to his predecessor Tun Dr Mahathir Mohamad’s Vision 2020.

The Prime Minister said he had no intention of changing the vision although some adjustments needed to be made on projects due to various situations in the country.

Abdullah said that when he won a huge mandate from voters in the last election, he was warned that the downside of a huge mandate was that the people's demand on him would also be huge.

“I was told you are going to have a problem with that. Sure enough the demand is a lot people say you promise this and that,” he told government administrators, state exco members and assemblymen here yesterday.

Abdullah said that his election manifesto was based on the Government's focus towards achieving Vision 2020.

Abdullah said he inherited the administration from Dr Mahathir and therefore he would continue with the long-term vision.

“But sometimes we need to divert in our journey, we must do this and that, and maybe there are some things we cannot do,” he said.

Abdullah said he had been asked why he did not come up with his own vision since he was now the leader.

“Why should I have another vision when the vision I said I support is Vision 2020. We are midway towards achieving it. Why should I do something new just because this is my era?” he said.

He said the Government was not short of ideas for programmes and projects and had enough allocation for the 9th Malaysia Plan, which would be increased when necessary.
 
#105 ·
Malaysia's Q2 economic growth beats forecasts

By Rupa Damodaran
rupabanerji@nstp.com.my




THE Malaysian economy strengthened further into the second quarter with the gross domestic product (GDP) expanding at 5.9 per cent year-on-year, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said yesterday.

Exceeding the 5.5 per cent revised first-quarter growth, the second-quarter GDP was mainly supported by the services sector, which expanded at a faster pace of 6 per cent due to stronger growth in the finance, insurance, real estate and business services as well as wholesale and retail trade, hotels and restaurants.

Zeti described the services sector as growing in importance, representing almost 60 per cent of the Malaysian economy.

"It has an important role in driving growth. And this is like a transition into a more diversified economy and will contribute to new growth areas like outsourcing, shared services and other information technology- related services and knowledge- driven industry," she said.

The second-quarter GDP growth also beat market expectations and a Business Times poll of a 5.56 average growth.

Zeti said the manufacturing sector has continued its encouraging performance by recording 8.4 per cent growth in the second quarter.

In Bank Negara Malaysia's assessment, the external outlook is still positive, with improving and recovery signs in Europe and Japan as well as strong growth elsewhere in Asia.

She described the domestic economy as still robust with all the indicators showing that consumption demand will be sustained and investment activities will increase.

"With the new projects coming on stream with the Ninth Malaysia Plan and Budget 2007, these will contribute to sustained economic activities, and therefore, the domestic sector will be robust," she said, adding that any global slowdown is likely to be modest.

On the impact of electricity tariffs, Zeti said they have been absorbed by producers, to a large extent.

"We are monitoring closely if some are passed on, but at this point, we are seeing the trend of inflation moderating going into the second half of this year," she said, adding that inflation will average 3.5 to 4 per cent for this year.

On the 2007 Budget, Zeti said she looked forward to the announcement on the financial sector, in particular, the promotion of Malaysia as the international Islamic financial centre.

"Malaysia looks to steady growth ... what we want to see is solid, steady and high quality growth sustained over a long period of time going into 2020," she said.

For the next five years, Malaysia has projected a 6 per cent growth annually.
 
#106 ·
Petronas is second among top 25 non-financial TNCs

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) ranks second in the top 25 non-financial transnational corporations (TNCs) in terms of foreign assets, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2006.

United Nations resident coordinator Dr Richard Leete said in 2004, there were five companies from developing economies in the list of top 100 TNCs.

“The higher flow of outward FDI (foreign direct investment) from TNCs in developing countries is accompanied by a significant increase in developing country firms in the universe of TNCs,” Leete said.

He said this at the launch of the UNCTAD report entitled FDI from Developing and Transition Economies: Implications for Development yesterday.

In all developing regions and in the Russian Federation, major TNCs have emerged in the primary sector (oil, gas and mining) and resource-based manufacturing (metals and steel).

Leete said the new links that TNCs were forging with the rest of the world would have far-reaching repercussions in shaping the global economic landscape of the coming decades.

“There were significant increases in outward investments by developing economies led by Hong Kong with US$33bil.

“Outflows from these economies corresponded to 17% of the world total. Malaysia is ranked number eight in the list of developing economies in terms of stock of outward FDI,” he added. – Bernama
 
#117 ·
Malaysia wins 'Offshore Destination of the Year' award


November 29 2006


MALAYSIA, nominated by Atos Origin, won the "Offshore Destination of the Year" category of the UK National Outsourcing Association (NOA) Awards.


The award recognises Malaysia's excellent combination of high quality and skilled workforce, state-of-the-art information technology infrastructure and effective collaboration between government and industry to deliver a powerful value proposition to the global offshoring market.


The awards were announced by the association on October 12 at a ceremony attended by more than 350 professionals from the UK's outsourcing industry.


The NOA is Europe's first association for the outsourcing industry.


"Malaysia's well-developed infrastructure, attractive business environment and strong government support makes it a rising alternative to India and China as an outsourcing hub," NOA chairman Martyn Hart said in a statement.


"Malaysia is fast becoming an important hub for call centres, data centres, technical support centres, back office operations and business process outsourcing," he added.
 
#119 ·
Ringgit at 3.558, highest since de-pegging

By Alfean Hardy
Email us your feedback at fd@bizedge.com


The ringgit has surged to its highest against the US dollar since it was de-pegged in July 2005 on continued pressure on the greenback as markets bet on a US rate cut next year.

On Dec 5, the ringgit rose 0.79% to RM3.558 at 5pm from RM3.586 on Dec 4 - the strongest rise among Asian currencies. Year-to-date, the ringgit has strengthened 6.21% against the greenback.

However, the Malaysian Institute of Economic Research (MIER) said the rise of the ringgit against the US dollar trailed regional currencies'. Since January, the Thai baht has risen 15.15% against the US dollar, the Singapore dollar 8.03%, Indonesia rupiah 7.8% and the Philippine peso 7.1%.

Analysts said the rally on the ringgit and regional currencies was due to the weaker dollar and the flow of money into the regional equities markets.

At Bursa, the Kuala Lumpur Composite Index rose 11.52 points to 1,088.96 on foreign buying of blue chips and heavyweights. Turnover was 1.68 billion shares with advancing counters beating decliners 616 to 276.

The major gainers included Telekom Malaysia Bhd, which rose 35 sen to RM9.75, Nestle (Malaysia) Bhd and Tanjong plc 30 sen each to RM24.60 and RM14 respectively, Bursa Malaysia Bhd and Genting Bhd 25 sen each to RM7.95 and RM29.25 respectively, and Tenaga Nasional Bhd 20 sen to RM11.

At the National Economic Outlook Conference 2007-2008 in Kuala Lumpur on Dec 5, MIER executive director Dr Mohamed Ariff Abdul Kareem said the ringgit was undervalued and he expected it to reach RM3.50 to the US dollar by the first quarter of next year.

“Look at our fundamentals, which are much stronger than the fundamentals of other countries that are appreciating more. Even though the ringgit has been appreciating against the dollar, it’s depreciating against other currencies,” he said.

Ariff said there was a need for a more flexible exchange rate policy, although there may be some adverse effect on exports initially.

Meanwhile, Deputy Prime Minister Datuk Seri Najib Razak said the government expected the federal deficit to decline to 3.5% in 2006, a level that will foster economic growth without imposing strains on the government’s budget.

Najib, whose speech was read out by Minister in the Prime Minister’s Department Datuk Seri Mohd Effendi Norwawi, said the government expected the economy to grow by 5.8% this year and by 6% in 2007, underpinned by robust domestic growth and favourable export expansion.
 
#126 ·
Nuke plants needed by 2020

IPOH: Malaysia will have to resort to nuclear power for its electricity supply by 2020, Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik said.

He said his ministry had spent a lot of time in the last year planning a “fuel mix” to generate electricity in the future. He said the country was too heavily dependent on fossil fuels like gas and coal.

“We decided to look for an alternative and it is hydro,” he said yesterday after visiting a community hall at Taman Bintang in Pantai Remis, about 78km from Ipoh.

“Over the next 10 years, our power generation will be hydro. After that, we would have to think about nuclear power stations,” he added.

Dr Lim noted that hydropower would have to come from the Rejang River in Sarawak because it could generate 24,000 megawatts of electricity.

In comparison, rivers in the peninsula could only generate 1,000 megawatts of electricity, which was only 5% of the power generated today, he said.
 
#131 ·
There's only a certain extent when we can look at PPP since its based on exchange rate differentials. REAL GDP Per capita income in USD for example would be more appropriate to gauge Malaysian wealth vis-a-vis other economies. After all, neighboring and developed Singapore for example quotes its REAL GDP percapita figures in USD, From this comparison alone taking to account its economy in USD terms, the Malaysian economy is not THAT much bigger than Singapore. A sad but true fact. After all, Malaysian purchases overseas, students abroad, investments can't take into account purchasing power of the ringgit, if Malaysia Airlines for example buys aircraft, they can't tell Boeing or Airbus to convert the RM to its purchasing power value. The matter of fact remains in USD terms, Malaysian income is still quite low.

Anyways, which report is this Skyprince? Can you send us a link?
 
#136 ·
January 22, 2007 18:12 PM

Malaysia Remains Major Market Of Interest To Germans


KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia has remained a major market of interest to German based companies, president/chief executive officer of the Malaysian-German Chamber of Commerce and Industry, Dr Rainer Herret said Monday.

He said German investors are re-directing their investment strategies in the Southeast Asia with Malaysia as an investment destination for the manufacturing industries.

While China and India will still continue to attract foreign investors, Malaysia's more open and liberalised investment climate will provide greater investors' confidence, Dr Rainer said.

"Malaysia is an ideal manufacturing base for high-tech textiles such as those used in the fashion industries. While certain sectors in Malaysia are still protected, we hope the government will liberalise those industries to foreign investors," he told a press conference in conjunction with the visit of a business delegation from Germany.

The 14-member delegation, mainly in the fields of technical textiles and textile machinery, biodiesel, food processing, waste water management and logistics will meet potential business partners in and around Kuala Lumpur and Johor beginning today.

Dr Rainer was also asked to comment on the possibility of a tie-up between Proton and German automaker Volkswagen.

"The partnership will be strategic for both parties. Malaysia will be an ideal manufacturing hub for Volkswagen's operations in the Southeast Asia region. Proton will also benefit from Volkswagen technology," he said.

-- BERNAMA
 
#137 ·
Latest:
Frontken aims to make Malaysia its regional hub
By Marina Emmanuel
marinae@nstp.com.my


January 24 2007


FRONTKEN Corporation Bhd, which began operating at its RM25 million facility at the Kulim Hi-Tech Park barely a year ago, aims to make Malaysia its regional hub for operations by further expanding at the same site in Kedah.
Executive chairman and managing director Willie Wong said the company expects to have its second plant up and running by the end of 2008.

“Our first phase is nearly fully utilised, and the second plant will house new projects and some existing operations being carried out in our Singapore facility, ” he told reporters after International Trade and Industry Minister Datuk Seri Rafidah Aziz officiated at the company’s first Kulim plant.

The new facility, Frontken’s 10th in the region, began operating in November 2006 to meet rising demand for the company ’s services, predominantly from clientele in the semiconductor sector.

Frontken offers surface metamorphosis services including core advanced thermal spray coating services, advanced precision cleaning, recycling and refurbishment services and applied research and development services.

Its technologies modify the surfaces of materials to improve performance, hence increasing efficiency of many processes and reduce the costs of operating and maintaining equipment.

Frontken’s plant is on a 2.7ha site at the science park with a built up area of 32,000 sq ft.

“As we have not fully utilised the whole land area, there is space to accommodate two more facilities,” he said, adding that the company will likely invest the same amount it did with the first plant.

Wong said the prospects for the precision cleaning industry in Singapore and Malaysia are promising with semiconductor players expanding the capacities of their existing wafer fabrication facilities which bodes well for independent service providers like Frontken.

With the new factory on board, Frontken will have five facilities in Malaysia. The other five plants are in Singapore (three), Thailand and the Philippines.

On Frontken’s plans to transfer its listing from the Malaysian Exchange of Securities Dealing & Automated Quotation market to the main board this year, Wong said the company will make a submission to Bursa Malaysia after closing its financial year end in July.

He also said that Frontken’s plans to buy into Taiwanese surface metamorphosis giant Area Green Technology Corp is in its final phase of negotiat ions.

“Once that is done, we would have created inroads into the Taiwan market and from there, springboard into neighbouring countr ies,” Wong said.

In her speech, Rafidah said between January and November last year, Malaysia imported RM34.2 billion worth of machinery and equipment, while its exports of the same items stood at RM18.1 billion.

She also stressed on the importance for small- and medium- sized enterprises in the country to be made aware of the various supporting services that companies such as Frontken provide.
 
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