Download Report

A Note from the Prime Minister

The Economic Transformation Programme (ETP) arrived at a major milestone in 2014. We are now at the halfway point of Malaysia’s goal of achieving developed nation status by 2020, and I am glad to say that we remain on track. I have heard the concerns about the rising cost of living, how Malaysia would cope with a fall of more than 50 per cent in the price of oil, and the value of the ringgit being affected by global currency fluctuations.

Our focus is always on the people, which is why we are already attempting to address their needs through the Kedai Rakyat 1Malaysia, the 1Malaysia clinics and the PR1MA housing developments.

Malaysian Economy is Increasingly Resilient
In an increasingly interconnected world, it is important that we build a stronger and more resilient economy. That is why we have taken steps to rationalise subsidies, while at the same time diversifying the economy and reducing reliance on oil revenue. As a result, the Malaysian economy is increasingly resilient and better able to cope with economic impacts beyond our control. Our economic policies are working and our economic fundamentals are strong.

Malaysia’s GDP is projected to grow by between 4.5-5.5 per cent in 2015. Our deficit is falling, our reserves are strong, we have trusted financial institutions, low unemployment, and record levels of foreign investment.
Unit Peneraju Agenda Bumiputera (TERAJU)
We have also made strong progress in promoting inclusiveness and income equality through the Narrowing Disparity SRI, led by Unit Peneraju Agenda Bumiputera (TERAJU) which also oversees the Bumiputera Economic Empowerment Programme (Pemerkasaan Ekonomi Bumiputera – PEB) launched in 2014.

A programme close to my heart, the PEB builds on existing initiatives, such as the RM47.07 billion worth of business and financing opportunities that have been created since TERAJU’s inception, to accelerate Bumiputera development.
Be In the Know
Download Full Report