Malaysia: Private Sector Earmarked For Pivotal Role In Driving Growth

MalaysiaEconomy

Event

17 Oct 2011
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Newly-launched report puts plans for adding value to agricultural sector in spotlight

Malaysia’s bid to galvanise private sector participation in the country’s economic development by bringing businesses on board for key infrastructure projects is explored in a report just published by Oxford Business Group (OBG) in partnership the Economic Planning Unit (EPU) of the Prime Minister’s Department. 

The Report: Malaysia 2011 provides in-depth analysis of the country’s plans to tap further into its natural resources, especially rubber and palm oil, while building on the expansion under way in manufacturing, services and tourism.

The global publishing, research and consultancy firm’s sixth report on Malaysia’s economic development was launched on 17th October 2011 at a press briefing in the Economic Planning Unit (EPU) of the Prime Minister’s Department. The event was attended by a number of high-profile representatives from Malaysia’s political and business spheres as well as by members of the media.

The Report: Malaysia 2011 includes a detailed, sector-by-sector guide for investors, featuring comprehensive coverage of key topics such as the country’s Development Corridors, alongside a wide-ranging interview with Prime Minister Najib Abdul Razak.

Contributions from leading political, economic and business representatives, including the Minister in the Prime Minister’s Department Nor Mohamed Yakcop, the Minister of Finance II Ahmad Husni bin Mohamad Hanadzlah and the Director-General of the Malaysian Investment Development Authority Jalilah Baba are also featured in the publication.

In addition, international personalities such the US President Barack Obama, the Prime Minister of India Manmohan Singh, the Secretary-General ASEAN Surin Pitsuwan and the EU Trade Commissioner Karel De Gucht give their views on Malaysia’s economic development.

OBG’s latest report charts Malaysia’s efforts to tap investment for its five, strategically-located development corridors. It maps out the government’s plans to drive the initiatives forward through improvements to connectivity and infrastructure as part of a wider bid to rectify economic imbalances across the country.

With Malaysia’s tourism industry earmarked for expansion, OBG’s 2011 report explores the government’s plans to drive growth in high-end segments. It also analyses the major part that a new low-cost carrier terminal looks set to play in meeting growing demand in air travel.

The Report: Malaysia 2011 puts the country’s agricultural sector in the spotlight, particularly the profitable palm oil and rubber segments. It provides detailed coverage of the government’s plans to increase productivity and add value to the segments by moving into downstream processing industries.

The Report: Malaysia 2011 has been produced in partnership with the Economic Planning Unit (EPU). Contributions have also been made by the Malaysian Investment Development Authority (MIDA), the financial services group Maybank, the accountancy and business advisory company Russell Bedford and the law firm Shearn Delamore and Co.

Country Director Jana Treeck said The Report: Malaysia 2011 highlighted the important role that public-private partnerships were playing in spearheading the country’s economic expansion while looking in detail at the government’s plans to champion innovation. She also thanked OBG’s partners for the valuable contribution they had made by collaborating with the Group’s research and editorial team.

“Malaysia is working to bring the private sector centre stage in line with its long-term vision of making the country part of the developed world by the end of the decade,” she said. “Our partners’ local knowledge of Malaysia’s business environment has undoubtedly brought an added dimension to our coverage of this important, transitional phase in the country’s development. The end result is a report containing accurate, up to date business intelligence on Malaysia’s economic development which I’m confident will prove to be a highly useful tool to the international investment community.”

The Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop added that the government’s efforts to up the tempo of its economic transformation programme had heightened the need to ensure investors were kept informed of Malaysia’s changing business scene.

“Oxford Business Group has long been recognised as a market leader in emerging economies and its seven years of operations in Malaysia have given its team a thorough, firsthand understanding of the country’s exciting economic transformation,” he said. “I am delighted to have participated in the compilation of data for this new report which accurately captures Malaysia’s development while relaying its many opportunities to business leaders on the international stage.”

The Report: Malaysia 2011 marks the culmination of more than six months of field research by a team of analysts from OBG, assessing trends and developments in all major sectors of the economy, including energy, industry, finance, banking, tourism, transport and real estate. It is available in print form and online.