Malaysia’s New Economic Model

National Key Economic Activities

  1. Electrical and electronics (E&E)
  2. Palm oil
  3. Oil and gas (O&G)
  4. Tourism
  5. High-value agriculture
  6. Green technology
  7. Financial services
  8. Information technology

New Investment Strategies

Government-linked companies (GLCs) will pursue new divestments to expand the role of the capital markets under the New Economic Model (NEM), said Datuk Seri Najib Tun Razak.

He said the Government would allow private sector investment in GLCs and government holding agencies through public and private partnerships.

This would ensure the renewal of processes to spark the country’s growth.

The new approaches to spur growth include:

  • Allowing EPF to invest more assets overseas;
  • The Government and EPF will form a joint venture to develop 3,000 acres in Sungai Buloh into a new hub for Klang Valley producing over RM5 new investments;
  • The Malaysian Industrial Development Authority (Mida) will be corporatized to make it more flexible to attract and retain manpower and talents it needs to be an internationally competitive national investment promotion agency;
  • Khazanah Nasional Bhd will divest its 32% controlling stake in Pos Malaysia Bhd through a two-stage strategic divestment process. Further details of the exercise would be announced later;
  • Petronas has identified two sizable subsidiaries with good track record to be listed on Bursa Malaysia this year; and
  • Several parcels of land in Jalan Stonor, Jalan Ampang and Jalan Lidcol, Kuala Lumpur have been identified to be tendered out and developed by the private sector. If not developed, the Government will incur cost maintaining these assets.

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