Supporting Policies
Supporting Policies

Supporting Policies - Overview

Strategic Reform Initiatives (SRIs) comprise public policy areas aimed at strengthening Malaysia's global competitiveness through 37 policy measures recommended by the National Economic Advisory Council (NEAC)1.

The six SRIs comprise:

From improving the government's delivery system to promoting the use of world-class standards and encouraging progressive liberalisation, the SRIs focus on elevating the competitiveness of Malaysian companies and fostering a business-friendly environment conducive for private investment inflows. Together with the NKEAs, the SRIs support the government’s goal of transforming Malaysia into a high-income economy which enjoys sustainable and inclusive growth. 

To-date, the SRIs have recorded significant achievements in raising Malaysia's competitiveness and improving the private investment landscape, contributing to an exponential growth in private investment from 6.7% in 2010 to 22% in 2012.

The implementation of the SRIs have also resulted in successes including the enforcement of the Competition Act 2010 on 1 January, 2012, the opening up of 15 out of 18 sub-sectors identified for liberalisation and the adoption of internationally-accepted standards through the Competition, Standards and Liberalisation SRI.

Among other achievements recorded through the implementation of the SRIs is the reduction in the Government’s holdings of Government-linked investment companies (GLICs) through the Reducing Government's Role in Business SRI, helping to create a freer and fairer market for the private sector. This also resulted in multiplier effects for the economy and helped improve liquidity in the stock market, such as through the listing of Government-owned Felda Global Ventures Holdings Bhd in June 2012. The initial public offering raised a total of RM9.93 billion in what was one of the world’s largest public floats during the year.

1 The NEAC was established by the Prime Minister in May 2009 to formulate a New Economic Model (NEM). The NEM, in turn, was designed to transform Malaysia into a high-income economy by 2020. Its recommendations were translated into the ETP. 2013/08/02
Economic Transformation Programme
The ETP Transformation Story
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020.
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