Progress made on Malaysian economic transformation projects
The Malaysian government today announced progress in nine projects related to its Economic Transformation Programme (ETP), designed to propel Malaysia into full developed-nation status by 2020.
Among today’s progress reports were updates on initiatives to develop Malaysia’s oil and gas infrastructure, construction of technology parks to further knowledge and R&D, new hotels and training programs for hospitality workers, and a program to advance the business tourism industry. A large majority of funding for ETP projects is coming from the private sector.
In implementing the ETP, the Malaysian government has identified 131 ‘Entry Point Projects’ (EPPs) under 12 ‘National Key Economic Areas’ (NKEAs). Projects falling within these categories will receive special treatment and benefits, often in the form of tax relief, reduction in export duties and investment assistance.
source & article: pemandu.gov.my
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