Posted: 11 Oct 2010 08:02 PM PDT
DAP National Deputy Chairman and MP for Kepong Dr Tan Seng Giaw calls for integrity and better coordination between the ministries in the implementation of the National Economic Transformation Programnme (NETP) and the whole New Economic Model.
On 12.10.2010, Dr Tan listened to the reply in parliament by a Deputy Minister in the Prime Minister's Department on the implementation of the New Economic Model by 2011.
The Prime Minister Datuk Seri Najib Razak sets out the roadmap to NETP to increase the per capita income of Malaysians from US$7,000 to US$15,000, hoping to attract RM1.4 trillion investments by 2020, 90% of which from the private sector.
The above-stated reply sounds good with eight ministries leading the way, 585 invesment-friendly initiatives. Would these be enough to attract investors?
There are many factors that affect the investment atmosphere. These include consistent policies, integrity, coordination, human resources and efficiency.
In Asean, countries such as Vietnam, Laos, Cambodia and Myanma are attracting investors. Why would investors come to Malaysia when the atmosphere in these countries is more conducive for them including human resources?
Besides the need to improve integrity and bureaucracy, the poor coordination between the various ministries has been affecting investments in the country.
Although the Prime Minister's Department has gathered expert in many fields to draw up the New Economic Model, it has not told us the ways to deal with integrity, bureaucracy and coordination.
Dr Tan Seng Giaw
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