PM: ETP already delivering results with nine early wins

KUALA LUMPUR: The Economic Transformation Programme (ETP) has gotten off to a strong start with nine early wins announced at the launch of the ETP-A Roadmap for Malaysia, here on Monday, Oct 25.

"The ETP is already delivering results. The early wins show that by focusing on action, results will flow. We will announce more confirmed investments over the next few months," Prime Minister Datuk Seri Najib Razak said.

Based on current track record, 53 entry point projects with a total investment value of US$97 billion (RM300.7 billion), almost 45% of the total investment targeted, are already in various active stages of engagement.

Among the nine early wins are an initial investment of RM214 million to relocate and set up a wafer fabrication plant by German firm, LFoundry, in Kulim High-Tech park.

Mydin, meanwhile, has committed to invest in 14 new branches over the next three years valued at about RM1 billion while a 208-room hotel and 160 unit residence is to be managed by ST Regis. — Bernama