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ACCCIM Activities 1

AdvisersAdvisers

Tan Sri Dato’ Soong Siew HoongDatuk David Chua

ChairmanDato’ Low Kian Chuan

Deputy ChairmanDato’ Teo Chiang Kok

Chief EditorOng Kim Seng

Deputy Chief EditoDeputy Chief EditorChow Mun Seong

Executive EditorSeow Mei Yin

Assistant EditorsChristine PooPoh Wan Kh’ngYong Chee SoonWai Kian HongFoo Sheve LeNg Siew Hwa

Cover design and Artwork :Lin Graphic17B, Jalan SR 3/2, Taman Serdang Raya, 43300 Seri Kembangan, Selangor.Tel: 603-8945 3933 Fax: 603-8945 2933

Printed by:Len & Hup Printing (M) Sdn. Bhd.No. 7, Jalan SR 7/11, Serdang Raya, 43300 Seri Kembangan, Selangor.Tel: 03-8948 1698 Fax: 03-8941 6386

Published by

马来西亚中华总商会THE ASSOCIATED CHINESE CHAMBERS OF COMMERCE AND INDUSTRY OF MALAYSIA6th Floor, Wisma Chinese Chamber, 258, Jalan Ampang, 50450 Kuala Lumpur, Malaysia. Tel: 603-4260 3090/3091/3092/3093/ 3094/3095Fax: 603-4260 3080E-mail: acccim@acccim.org.my Homepage: www.acccim.org.my

Editorial and Publication Committee

Contents

2012 12 (December 2012)Issue No: 6/2012

KDN: PP8722/12/2012(031293)THE ASSOCIATED CHINESE CHAMBERS OF

COMMERCE AND INDUSTRY OF MALAYSIABulletin

第82期 Issue No.82

Notes by Chairman of the Editorial and Publication Committee

New Year Message by Dato’ Lim Kok Cheong, President of ACCCIM

Special FeaturesSpecial Features

National Minimum Wage

Trans-Pacifi c Partnership: Broad Framework

Free Trade Agreements in the Asia-Pacifi c – TPP & RCEP

ETP & GTP: A Quick Update

How to Pursue Tax Savings whilst Creating Wealth?

ACCCIM Activities

Dialogue between YB Dato’ Seri Kong Cho Ha, Minister of Transport and ACCCIM

GTP 2.0 Closed Door Briefi ng and Dialogue

Round-table Discussion on Trans-Pacifi c Partnership Agreement

A Forum for Retired Executives & Professionals

– Unleash the Talents Within

Congratulations

Malaysia Nationwide Roadshow 2012 on “Quantum Leap for Your Business- to Create a Miracle”

Visit by Delegation of Master Students in Public Administration and Management of National University of Singapore

Visit by Delegation of Anshan Foreign Trade

and Economic Cooperation Bureau, Liaoning Province, China

Visit by Counsellor of Nepal to Malaysia

Visit by Delegation from Pakistan

Visit by Delegation of Yunnan Provincial Federation of Returned Overseas Chinese, China.

2

Notes byChairman of the Editorial and Publication Committee

2 0 1 3Happy New YearHappy New Year

Dato’ Low Kian Chuan

3Notes by

Chairman of the Editorial and Publication Committee

As the proverb says: “When spring warms the fl ow, ducks would be the fi rst to know.” Entrepreneurs must likewise sense the market trends and digest the latest

information on government policies in order to plan their own business development

strategies on time. As a national organisation representing the business community,

ACCCIM not only strived to advance the interests and advocate for development of

entrepreneurs, but also constantly provided up to date information to members. Relevant

information would enable the entrepreneurs to monitor the changes in the economic

environment, re-adjust their business plans as well as to tap on new business opportunities

as they arise.

In the spirit of cooperation between public and private sectors, ACCCIM constantly

submit constructive proposals to Government to ensure that it maintains a conducive

environment for economic production and growth. A case in point, ACCCIM has

requested the Government to review the implementation of National Minimum Wage

scheme. Th e ACCCIM called on the Government to take into consideration the problems

facing business communities in various states and adjust the implementation in stages

to minimise the adverse impact. ACCCIM also sought the cooperation of ACCCIM’s

Socio-Economic Research Centre (SERC Sdn. Bhd.) to carry out research on the above

issue and seek solution to the problems of entrepreneurs.

Th e globalisation trend and the establishment of various Free Trade Areas have resulted

in unprecedentedly stern business competition. Among them, the Trans- Pacifi c

Partnership (TPP), a Trans-Pacifi c regional free-trade plan led by the United States, the

negotiations are currently participated by 11 countries namely Australia, New Zealand,

Singapore, Vietnam, Brunei, United States, Malaysia, Chile, Peru, Mexico and Canada.

Malaysian Prime Minister disclosed that the TPP negotiations would be concluded

by the end of 2013, after attending the TPP meeting at Phnom Penh in November

2012. However, there has been limited information regarding the details of the TPP.

TPP will likely have a considerable impact on the private sector in Malaysia. As such,

ACCCIM has invited the Economic Counsellor of US Embassy to brief ACCCIM

members regarding the TPP principles. A brief report of round-table discussion and

information regarding TTP broad framework provided by MTI are published in this

issue of Bulletin for reference of readers.

On behalf of all my colleagues in ACCCIM,

I wish all members of Constituent Chambers and readers

a Happy New Year and continuous progress of their enterprises in 0 1 32

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2 0 1 3Happy New YearHaappppyy NNew YYearr

New Year Message byDato’ Lim Kok CheongPresident of ACCCIM

20132013

在未来，新贸易走廊将是凡俗而不会是新颖前端

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Special Features8

www.mohr.gov.my

National Minimum Wage

Commencement on 1st January 2013

Special Features 9

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Special Features10

AREA KEY FEATURES

Market Access in Goods Building on the WTO, the Parties are working to establish a single market providing comprehensive market access through tariff elimination and signifi cant commitments beyond current WTO obligations, including the elimination of non-tariff measures that can serve as trade barriers.

Technical Barriers to Trade

To reinforce and build upon existing rights and obligations under the World Trade Organization Agreement on Technical Barriers, with the objective to facilitate trade among the TPP countries and help regulators protect health, safety, and the environment and achieve other legitimate policy objectives.

Sanitary and Phytosanitary

To enhance animal and plant health and food safety and facilitate trade among the TPP countries.

Commitments will reinforce and build upon existing rights and obligations under the World Trade Organization Agreement on the Application of Sanitary and Phytosanitary Measures, containing a series of new commitments on science, transparency, regionalization, cooperation, equivalence, import checks and verifi cation.

Customs Cooperation To establish customs procedures that are predictable, transparent and that expedite and facilitate trade.

This is to ensure that goods are released from customs control in an expeditious manner, without affecting the ability of customs authorities to strictly enforce customs laws and regulations.

Provides for close cooperation between authorities to ensure the effective implementation and operation of the agreement as well as other customs matters.

Rules of Origin To develop a common set of rules of origin for the determination of origin that is objective, transparent, predictable, simple, effi cient and effective which allows the ability to cumulate or use materials from within the free trade area.

Trans-Pacifi c Partnership: Broad Framework

Special Features 11

Trade Remedies To affi rm their WTO rights and obligations while building upon these existing rights and obligations in the areas of transparency and procedural due process. Proposals also have been put forward relating to a transitional regional safeguard mechanism which will provide parties safeguards to deal with the increased competition.

Investment To provide substantive legal protection for investors and investments of each TPP country in the other TPP countries.

Provisions being discussed cover non-discrimination, a minimum standard of treatment, rules on expropriation, and prohibitions on specifi ed performance requirements that distort trade and investment and the establishment of an expeditious, fair and transparent investor-State dispute settlement mechanism.

The investment text will protect the rights of the TPP countries to regulate in the public interest.

Services To secure fair, open and transparent markets for services trade, including services supplied electronically and by small- and medium-sized enterprises, while preserving the right of governments to regulate in the public interest.

Non-Conforming Measures

Liberalisation commitments for both investment and services are negotiated utilising a negative list approach i.e Sectors or Non-Conforming Measures no listed are deemed to be liberalized and open to foreign participation.

Financial Services To improve transparency, non-discrimination, fair treatment of new fi nancial services and investment protections.

To create market-opening opportunities, benefi t businesses and consumers of fi nancial products, and at the same time protect the right of fi nancial regulators. Proposals include capital controls to ensure the integrity and stability of fi nancial markets, including in the event of a fi nancial crisis.

Telecommunication To promote competitive access for telecommunications providers in TPP markets.

Commitments include provisions enhancing the transparency of the regulatory process, and ensuring rights of appeal of decisions. Additional proposals have been put forward on choice of technology and addressing the high cost of international mobile roaming.

Special Features12

E-Commerce To enhance the viability of the digital economy by ensuring that impediments to both consumer and businesses embracing this medium of trade are addressed.

Proposals include addressing customs duties in the digital environment, authentication of electronic transactions, and consumer protection. Additional proposals on information fl ows and treatment of digital products are under discussion.

Business Mobility To promote transparency and effi ciency in the processing of applications for temporary entry, and ongoing technical cooperation between TPP authorities.

Government Procurement

To ensure that procurement covered under the chapter is conducted in a fair, transparent, and non-discriminatory manner.

Market Access negotiations in GP allow for fl exibilities such as carve-outs in the form of listing of entitles, activities, threshold and transitional periods.

Competition Policy Two components: Section A - Pure Competition; and Section B – State-Owned Enterprises.

The aim is to promote a competitive business environment and ensure a level playing fi eld for TPP companies.

Intellectual Property Rights

To reinforce and develop existing WTO Agreement on Trade Related Aspects of Intellectual Property (TRIPS) rights and obligations to ensure and effective and balance approach to intellectual property rights among the TPP countries.

Labour To ensure Parties maintain high levels of protection of labor rights including principles related to non-discrimination, freedom of association and elimination of forced labour.

Chapter provides for the establishment of mechanisms to ensure cooperation, coordination, and dialogue on labor issues of mutual concern to address the challenges of the 21st century workforce.

Environment To ensure that the agreement appropriately addresses important trade and environment challenges and enhances the mutual supportiveness of trade and environment.

The Parties are also discussing proposals on new issues, such as marine fi sheries and other conservation issues, biodiversity, invasive alien species, climate change, and environmental goods and services.

Special Features 13

Cooperation and Capacity Building

TPP provides for an institutional mechanism for Parties to effectively facilitate Capacity Building and other forms of Cooperation to support TPP countries’ ability to implement and take advantage of the agreement. Among the possible approaches to achieve this is through public-private partnerships.

Horizontal Issues

- Regulatory Coherence

- Competitiveness and Business Facilitation

- Small and Medium Enterprises

- Development

Objective is to promote trade between the countries by making trade among its members more seamless and effi cient.

Commitments will require Parties to establish a mechanism domestically aimed at instituting Good Regulatory Practices, transparency and public consultation in the formulation of rules and regulations.

To enhance the domestic and regional competitiveness of each TPP country’s economy and promote economic integration and jobs in the region, including through the development of regional production and supply chains.

Commitments include the establishment of a mechanism aimed at continuous evaluation of the implementation of the agreement to identify supply chain type impediments and cooperate toward removing such impediments.

To address concerns and issues of small- and medium- sized enterprises in benefi tting through FTAs including through enhancing their access to specifi c, relevant and user-friendly information and resources about the TPP.

To establish a mechanism for Parties to work together to contribute to members’ economic development priorities, building on work in other fora, input from stakeholders, and proposals from TPP members.

Legal To develop an administration of the agreement that provides clear and effective rules for resolving disputes, and disciplines on transparency in the development of laws, regulation, and other rules. In addition, the Parties are working towards instituting good governance and procedural fairness issues in specifi c areas.

Source: Ministry of International Trade and Industry (MITI) Malaysia

14 Special Features

free trade and economic cooperati on throughout the Asia-Pacifi c region. In its annual APEC Leaders meeti ngs, it provides opportuniti es for stakeholders throughout the region, including political and business leaders, to address regional obstacles to trade and economic integrati on through non-binding commitments.

However, the constant development of the internati onal trade agenda had also influenced the way APEC members pursue to reduce trade barriers. In the last decade, the negoti ati on of FTAs as a tool to achieve that goal has increased, partly due to the slowdown of the WTO Doha Round of multi lateral negoti ati ons and the convenience to negoti ate liberalizati on concessions in order to obtain common treatment from other partners. In this context, how would the TPP fi t into the picture of APEC agenda? In 2010 Leaders’ Declarati on, in which the APEC Leaders stated the following:

“We will take concrete steps toward realization of a Free Trade Area of the Asia- Pacifi c (FTAAP), which is a major instrument to further APEC’s regional economic integrati on agenda. An FTAAP should be pursued as a comprehensive free trade agreement by developing and building on ongoing regional undertakings, such as ASEAN+3, ASEAN+6, and the Trans-Pacifi c Partnership, among others. To this end, APEC will make an important and meaningful contribution as an incubator of an FTAAP by providing leadership and intellectual input into the process of its development, and by playing a criti cal role in defi ning, shaping, and addressing the “next generation” trade and investment issues that FTAAP should contain”.

In other words, as a non-binding forum, the role and contribution of APEC towards a comprehensive FTA in the Asia-Pacifi c region would be seen as a breeding place of ideas, providing its comparati ve advantage of being the most relevant consultati ve forum and medium

Trans-Pacifi c Partnership (TPP)

Trans-Pacifi c Partnership Free Trade Agreement (TPP) is a multi lateral free trade agreement (FTA) formed to create a platf orm for promoti ng economic integrati on across nations in the Asia-Pacific region by reducing tariff barriers and promoting free trade among its member. The TPP negoti ati on is currently parti cipated by 11 countries - Australia, Brunei, Canada, Chile, Mexico, Malaysia, New Zealand, Peru, Singapore, United States and Vietnam, with Japan being a potenti al parti cipant to join the pact.

The negotiating process of the Agreement is an initiative developed by 3 countries in 2005, namely - Chile, New Zealand and Singapore. Subsequently, Brunei joined the negoti ati on and Trans-Pacifi c Strategic Economic Partnership Agreement (also known as the “P4”) was formed with the objecti ve to create major strategic alliance for trade liberalizati on in the region. In September 2008, U.S joined the negoti ati on and the P4 was renamed as TPP. By end of 2010, Malaysia offi cially joined the negoti ati on.

According to reports, the TPP consists of 29 Chapters covering major industries from, and not limited to, agriculture, automotive, electronics and electrical, government procurement, higher educati on, hospitality, investment, manufacturing, pharmaceuti cal, to fi nancial and professional services. On top of that, it also emphasized on issues of investor-state dispute, rules of origin, competi ti on policy, intellectual property rights, labor and environmental standards, temporary entry of business persons etc.

On the other hand, the 11 TPP parti cipati ng countries are also members within the Asia-Pacific Economic Cooperation (APEC). Established in 1989, APEC is a forum for 21 Pacifi c Rim countries that seeks to promote

Free Trade Agreements in the Asia-Pacifi c –

TPP & RCEP

Special Features 15

to share experiences, exchange informati on and carry out non-binding discussions in order develop guidelines, principles and initi ati ves.The TPP agreement, in which the U.S expects to be concluded by end of 2013, will be an outcome of trade negotiations and the provisions covered in the TPP are binding. Signatory parti es must then fulfill all the obligations under the agreement unless stated otherwise. Failure to do so would be subject to legal implicati ons.

Challenges of TPP

TPP is an ambiti ous agreement and it aims to become a high standard and comprehensive 21st century agreement. Nevertheless, it has also given rise to concerns and criticisms. First, the negotiations are highly confidential. All texts and documents are not disclosed and there is no detailed cost-and-benefit analysis provided. Recently, it has come to ACCCIM’s att enti on that the SME Chapter was the fi rst Chapter concluded among the TPP members. However, before the conclusion of the SME Chapter, relevant SME associati ons were neither invited to such dialog with the government authoriti es nor informed on the existence of such event.

At now, the details of the TPP SME Chapter remain undisclosed. With SME industry playing a crucial role in the economic development of Malaysia, and for the country to promote a free market access economy without getting the relevant parties involved, this situation raises great concerns among the public parti cularly the SMEs.

On the issue of rules of origin, in order to enjoy the benefits of free trade, it requires a certain value of the goods to be produced within a TPP country. It was reported that this issue prompted a recent debate between two TPP countries on textiles and apparel. One requires an apparel product could only be considered from within the free trade area if the enti re manufacture of the product has occurred within the FTA region. The other country seeks a less restricti ve approach, which would allow its products manufactured from materials of non-TPP country, primarily China. If the fi rst approach were adopted, would the same rule apply to all industries, parti cularly the manufacturing sector? This issue remains a questi on mark due to the secrecy of the negoti ati ons.

Under investor-state dispute settlement, the TPP provides foreign investors extended rights to sue the

governments if a law or policy harms their investment. It is reported that the Australian government has rejected this provision. Criti cs argued that this provision would limit government sovereignty in public policy-making, power to amend or pass any new laws so as to ensure a constant regulatory environment, and foreign corporati ons will be able to challenge the government even if the measures are for domestic health and environmental reasons. Citi ng a recent study by Public Citizen of US FTAs and BITs, 81% of the time the investors have won, which indicates that the provision is very powerful to strike down government acti ons.

On the area of Intellectual Property Rights (IPR), criti cs commented that there will be serious consequences if similar or even stronger rules of South Korea-United States FTA are reproduced in the TPP. Patent holders would be allowed to commence criminal proceedings on the slightest suspicion of piracy. Customs authoriti es would be given powers to stop the entry of pirated goods. As a result, emerging-market products using small variati ons on patented products might suff er the most.

The U.S is keen on including strong IPR rules in the TPP because the country issues the most patents and copyrights, and wants the highest protection for its patent holders. While these rules will allow easy entry of U.S goods into other countries, similar goods from other countries may be denied access to the U.S market on grounds of piracy. Rigid IPR rules are likely to discourage innovati on and increase global disputes over violati on of patents, as evident by the patent war between Apple and Samsung.

Another concern is its impact on Asian integration. Criti cs argued that the East Asian economic integrati on has been market-driven and not insti tuti on-driven. The production networks have prospered despite FTAs in which the rule of origin issue complicates the sourcing of imported intermediate inputs. The Asia Pacific region, and especially East Asia, has enjoyed rapid growth of trade and development based on the idea of open regionalism. The priority in East Asian economic integration is to promote the participation of least-developed economies in the producti on networks, as well as deepening the integrati on and specializati on of middle-income economies in those supply chains. The TPP is not currently pointed in that directi on and risks overshadowing East Asian and ASEAN-style economic cooperati on within the APEC - an approach that is sti ll quietly delivering real progress in economic integrati on, as it has in years past.

16 Special Features

In addition, currently there are several models of economic integration being pursued in the region. For example, the East Asia Summit is developing a Comprehensive Economic Partnership for East Asia, and ASEAN. China, Japan and the Korea are pursuing the East Asia Free Trade Area (EAFTA). All these eff orts will be hampered by the advent of the TPP, which will add a strong ‘non-Asian’ fl avor to economic integrati on eff orts in Asia and force Asian economies to develop diff erent strategies for regional integrati on.

Regional Comprehensive Economic Partnership (RCEP)

Apart from the TPP, another big thing that is happening in the economy of Asia Pacific now is the Regional Comprehensive Economic Partnership (RCEP). The plan for RCEP was fi rst discussed at the 19th ASEAN Summit in November 2011.At the recent 21st Association of Southeast Asian Nations (ASEAN) Summit in Phnom Penh, Cambodia, it was agreed that talks should begin on a new regional trade treaty, the RCEP. This is negotiated between ASEAN’s 10 member countries - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – and its current 6 FTA partners - Australia, New Zealand, China, India, South Korea and Japan, linking an integrated market comprising US$ 20 trillion and half of world’s populati on (3 billion). This means it will be the largest free trade area in the world to-date.

The objecti ve of launching the RCEP negoti ati on is to achieve a modern, comprehensive, high-quality and mutually beneficial economic partnership agreement among the ASEAN Member States and ASEAN’s FTA Partners. RCEP will cover trade in goods and services, investment, economic and technical cooperation, intellectual property, competi ti on, dispute sett lement and other issues. Negotiations for the RCEP will recognize ASEAN signifi cance in the emerging regional economy and the interests of ASEAN’s FTA Partners in contributing to economic integration, equitable economic development and strengthening economic cooperati on among the parti cipati ng countries.

The RCEP negoti ati on is expected to commence in early 2013 and complete by end 2015. The RCEP strategy is aimed at removing trade barriers and maintaining regional growth by ensuring that markets of the parti cipati ng countries remain open and competi ti ve. All leaders had also endorsed the RCEP ‘Guiding Principles

and Objectives for Negotiating’ that would allow the region’s other economic partners to eventually draw into the agreement.

According to Xu Ningning, Executi ve Secretary General of the Chinese Secretariat of the China- ASEAN Business Council, besides establishing a higher quality FTA in the region, the RCEP is also expected to help further establish ASEAN centrality, which is challenged by the economic cooperati on arrangements rapidly evolving in the region including the U.S led TPP and the prospecti ve trilateral FTA among China, Japan and the South Korea.

“ASEAN would play a leading role in promoti ng the RCEP, which also aims to help the organizati on exert a bigger infl uence and acquire a greater say in the internati onal arena. It will optimize ASEAN to be a more coherent economic bloc and resolve the ‘noodle bowl’ effect caused by the many current Asian trade agreements,” Xu said.

“Compared with the TPP, the RCEP is more easily accepted,” Xu said. The TPP requires a deeper extent of opening up while the RCEP is likely to adopt a gradual path in opening up member nati ons’ markets given that development gaps remain. According to Xu, the RCEP is based on open accession, which would enable any of the ASEAN FTA partners to parti cipate either from the outset or when they are ready to join at a later date. The arrangement is also open to other external economic partners. The RCEP is expected to include economic and technical cooperati on elements that would allow all parti es, regardless of their level of development, to maximize the opportuniti es made available by deeper and broader economic engagements.

Surin Pitsuwan, Secretary General of ASEAN, added that “With the region accounti ng for more than half of the global market and about a third of the global economic output, there is no doubt that a successful RCEP would signifi cantly contribute to and boost global trade and investment”.

This arti cle was writt en by

Mr. David Lim, Member of Legal Aff airs Committ ee, ACCCIM

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ETP & GTP: A Quick Update

SRI: Compe on, Standards & Liberalisa

CompeActEnforced on 1 January 2012

Remove An e veAgreements

Remove Abuse Of A Dominant Pos

PM introduced the National Transformation Policy towards Vision 2020

1 Malaysia(People First, Performance Now)

Gov

ernm

ent

Tran

sfor

mat

ion

Prog

ram

me

Econ

omic

Tran

sfor

mat

ion

Prog

ram

me

10th Malaysia Plan

Polit

ical

Tran

sfor

mat

ion

Prog

ram

me

NEW ECONOMIC MODEL was introduced:Making Us A Rich Country, For Everyone &For A Long Time

High-Income

Inclusiveness Sustainability

Target USD 15,000GNI per capita by 2020

Enables allcommunities

to benefitfrom the

wealth of thecountry

Meets present needs without compromising future generations

Quality of Life

SRIs

&

To become aHigh-Income Na on, We Need:

We need “Drivers” to ensure focus on

high-impact areas

FOCUS

NKEAs

We Need “Enablers”To Ensure

veness

COMPETITIVENESS

Strategic Reform Ini a ves(51 Policy Measures in 6 SRIs)

Na onal Key Economic Areas(12 NKEAs)

SRI: Compe on, Standards & Liberalisa

LiberalisaOf Sub-Sectors

Up to 100% foreign equity

will be allowed

17 sub-sectors announced inBudget 2012 for liberalisa on

12 Sectors already liberalisedTelecommunications – ASPTech & Vocational Schools

Tech & Vocational Schools – Special NeedsPrivate Hospitals

Departmental & Specialty StoresIncineration ServicesAccounting /Taxation

Skills Training CentersCourier ServicesLegal Services

Medical Specialist ServicesInternational Schools

Special Features 19

2011

Overall Results have been encouraging

2012(up to 22 Oct)

123% 89%%

Malaysia Has 6,260 StandardsBut Less Than 10% Are Enforced

6,260 3283,759

Malaysian StandardsHave Been Developed

60% Are Aligned WithInternational Standards

5.3% Have Been MadeMandatory

But

Standards

Committed Pipeline Investments….

Number of EPPs/projects announced

Total committed Investments

Total Jobs created

138

RM205 bil

372k

All of these are within the 12 NKEAs

Oil & Gas NKEA Announcement:

Enhanced Oil Recovery (EOR)

RM 12.2bilGNI 4,000Jobs RM 37.6 bilInvestments

PETRONAS has teamed up with Shell Malaysia to carry

EOR projects in North Sabah and BaramDelta, Sarawak

EPP Example #1:

Mass Rapid Transit (MRT)

Line Features (First line: Sg Buloh-Kajang)• Length: 51km (9.5 Underground,

41.5 Elevated)• Sta 8 Underground, 27 Elevated

• Catchment: 1.2million people• Daily ridership (2020): 400 000 people• Construc on began in July 2011• Expected comp on date: 2017

Confirmed alignmentAlignment TBC

Oil & Gas NKEA Announcement:

Refinery And Petrochemical Integrated Development (RAPID)

20,000 RM 60 bilJobs Investments

RAPID will be the largest green-field investment within the Asia Pacific region.

100%

Target = RM797 billion

Target = RM86 billion

Target = 330,000

Jobs Commi ed

GNI Private Investment

JobsCommi ed

RM830bil

(104%)

RM94bil

(109%) 313,741 Jobs

(95%)

2011 Results Benchmarked Against Targets

Source: ETP Update 1-8

2011 GDP Growth: 5.1%2011 GNI per capita: $9,500

Note: 2009 GNI per capita: $6,700Figures are before rebasing by BNM/MoF

Source:Departmentof Sta s cs,Ministry of Finance

Special Features20

Leading EconomicIndicators…

Public Investment Private Investment

1H 2011

1H 2012

Estd 2012RM33.5b

RM41.7b

RM58.8b

RM75.3b

Note: Based on current prices

24.3%

Encouraging total investment growth in 1H 2012

28.1%

RM100.0b

RM127.9b

2009 2010 2011 2015**target

2020target

6.6%5.6% 4.8%

3% 0% / Neutral

As percentage of GDP (rebased gures)* forecast**2015 Target as per 10th Malaysia Plan

4.5% 4%

2012* 2013target

Gradual R in cal de

FTSE Bursa Malaysia KLCI

RM 1.44 trillion26 October 2012

29%RM320 billion

RM 1.12 trillionAug 2010

1 Nov 2012: 1,675.69pts

GTP2.0 details out programmefor the next 3 years

2009 2010 2011 20122013

2014 & 2015

Conducted Labs from April –May 2012

6 weeks / 240 hours474 lab members

456 civil servants18 from NGO & Private

Sector168 syndica sessions

8 World Class Lab Reports

4,034 pages126 a ves

116 proposed KPIs

Labs Detailed Reports

Key conclusions of the GTP2.0 Labs:GTP 1 initiatives that continues in GTP2.01 eg. Maintenance of Rural Basic

Infra built under GTP1.0, Political Financing

2 Expansion of the existing GTP 1 success

eg. Increasing curriculum & assessments to international standards (EduNKRA), Involve NGOs to assist in LIH NKRA

3 New ground breaking initiatives

eg. 21st Century Village (Rural Development NKRA), Online tracking system for police reports (Crime NKRA)

2.0

Quick update….

World Economic ForumGlobal Compe��veness

Report 2012-2013

2009(n=133)

2010(n=139)

2011(n=142)

2012(n=144)

2010(n=183)

2011(n=183)

2012(n=183)

2013(n=183)

#24#21

#26#25

#23 #23

#18

#12

World BankEase of Doing Business

Report 2012-2013

Special Features 21

Crime NKRA: Sistem Semakan Online

• Improve sa sfac on of services by PDRM• Equally important to keep public informed as well as solving cases• Major complaints are complainant not aware of case status

BFM 'You Are the Government’

Recommenda on

Report Number: 23200889

Current progress

Status bar

No ca on Police Report No ca on 4

Sjn Hassan Ali

013-2244617

Inve g ng cer

Update: IO incharge is Sjn Hassan

Update: Inves a on in progress. Suspect iden ed

Ra nale

Special Features22

UPT

Malaysians must become global players....Look beyond our shores

Summary…Government’s role: to create the conditions for competitiveness to flourish

High Income Economy: Private sector led (lookbeyond government contracts)

Malaysian companies need to be global winners go beyond our shores

1

2

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Presentation by YB Senator Dato’ Sri Idris Jala, Minister in the Prime Minister’s Department cum CEO of PEMANDU at the GTP 2.0 Closed Door Briefi ng and Dialogue held on 2-11-2012 at the ACCCIM Conference Room.

Go-KL Free City Buses

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How to Pursue Tax Savings whilst Creating Wealth?

Special Features 25

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ACCCIM Activities30

Dialogue betweenYB Dato’ Seri Kong Cho Ha,

Minister of Transport and ACCCIM

ACCCIM Activities 31

Dato’ Haji Solah bin Mat Hassan

ACCCIM Activities32

GTP 2.0 Closed Door Briefi ng and Dialogue

Dato’ Lim Kok Cheong presented a souvenir to Dato’ Sri Idris Jala. Left is Tan Sri William Cheng.

Dato’ Sri Idris Jala interact with ACCCIM Offi ce-bearers.

ACCCIM Activities 33

Dr. Mohd Emir Mavani

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Round-table Discussion on Trans-Pacifi c Partnership

Agreement

Mr. Paul Brown

Mr. Brian SmytheMr. Filbert TayMr Matt Ingeneri

Mr. Jayasiri

Dato’ Ooi Say ChuanMr. Peter Brian

ACCCIM Activities 35

A Forum for Retired Executives & Professionals –

Unleash the Talents Within

From left : Mr. Yong Chong Soon, Dr. Andrew Mohanraj, Tan Sri Dato’ Soong Siew Hoong, Mr. Mahbob Abdullaj, Mr. Soo Cheong Futt and Mr. Soo Ho Hock Meng.

Questions and Answer session.

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Congratulations

ACCCIM Activities38

From left: Ms. Susan Su, Assistant to the Representative TECO, Mr. Tsai Ju-Peng, Datuk Ter Leong Yap, Mr. Jeffery Tan, Mr. Eric Chin and Dato’ Dr. Ir. Andy Seo.

Malaysia Nationwide Roadshow 2012 on “Quantum Leap for Your Business

- to Create a Miracle”

ACCCIM Activities 39

ACCCIM Activities40

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ACCCIM Activities42

Mr. Koong Ling Loong presented a souvenir to Mr. Fu Qiang on behalf ACCCIM.

Visit by Delegation of Anshan Foreign Trade and Economic Cooperation Bureau, Liaoning Province, China

From right were Mr. Zhu Yijun, Mr. C. S. Tang, Mr. Li Tao and Mr. Ong Kim Seng.

Visit by Delegation of Master Students in Public Administration and Management of National University of Singapore.

Visit by Counsellor of Nepal to Malaysia

Mr. Lekha Nath Bhattarai

Mr. Lekha Nath BhattaraiInteraction between ACCCIM

representatives and Mr. Lekha Nath Bhattarai.

ACCCIM Activities 43

Visit by Delegation from Pakistan

Tan Sri Dato’ Soong Siew Hoong presented ACCCIM Publication to Mr. Shakeel Akhter

Visit by Delegation of Yunnan Provincial Federation of Returned Overseas Chinese, China

Group photo taken between ACCCIM representatives and members of Yunan Provincial Federation of Returned Overseas Chinese delegation.

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