1. Increase Revenue, Reduce Costs
20 initiatives immediate and long term and has been recommended by the
Public Finance Lab to increase revenue, reduce costs and strengthen the
economy. This will enable the Government to address any shortcomings, settle
debts and invest for the future.
These proposals are grouped into six main areas, namely the
implementation of the tax, the company tax incentives narrow, transparent
procurement, expenditure control accounting fiber double, including services
(Goods and Services Tax or GST).
A total of six initiatives will be implemented to improve tax
collection. These include extending the areas of investigation and audit,
broaden the tax base and increase the capacity of audit and enforcement of the
Customs Department. To expand the GST tax base will be introduced to replace
the sales and services available.
2. Refining Government's Role in Business
In the laboratory SRI passage that discusses the Government's Business,
Government urged to strive to ensure that the boundaries between areas of
business and enforcement be clearly separated to avoid any conflict or
conflicts of interest and promote a fairer market thereby attracting investment
from the private sector.
This policy will also enable Malaysia to reap the benefits in terms of
savings and financial markets are strong and authoritative. This will enhance
the financial position of the country in addition to allowing the country to
spur growth.
The NKEA under the ETP has identified that 92% of investment in
Malaysia must come from the private sector. Government involvement in the
business sector will only continue in the four areas, namely:
• When the private sector requires an investment partner in the project
is expected to increase the Gross National Income (GNI) as an example of
regional development corridors.
• Where a business venture that must be owned by local bodies for the
protection of national interest, such as the procurement of defense technology
and so on.
• When necessary investment involves the construction of large capital,
catalyst technology or new technology.
• When it comes to construction projects bleak country's public
transport system, biotechnology and sustainable energy.
Each investment will also have a strategy for the government to pass
its presence. The government will fine-tune each of its investments, starting
with 33 companies that have been identified to be discharged either through a
listing on the stock exchange, the reduction or withholding of sales at once.
For other businesses, the Government is determined to build a structure
to improve its operation. Unit to monitor each GLCs (Government-Linked Company
or GLC) will be established to monitor the company's loyal and statutory bodies
involved.
3. Developing Human Capital for High-Income Economy
Malaysia also continued to develop human capital, starting with efforts
to update its labor laws. A total of four of the Act will be reviewed and
amended extensively to harmonize with the current needs of the various parties
involved.
Since Malaysia is also moving towards a system of pay based on
productivity, where workers are paid compensation in accordance with the amount
of work done, the Ministry of Human Resources will also announce the minimum
wage by the end of this year.
The passing of the bill National Wages Consultative Council in 2011,
the event will be entrusted to examine and provide recommendations to the
Government on any matters relating to the employment of minimum, including a
breakdown of the minimum wage by sector, region and other matters related.
Improved skills of the workforce are essential for developing human
capital for high-income economy. In this regard, the Talent Corporation will
help develop a detailed program for specific fields and in accordance with the
NKEA Lab City and Corridor will come.
These include measures to ensure the safety of the workforce to
encourage them more engaged and involved in business matters, such as
unemployment insurance, assisted by training programs and skills upgrading for
employees and improved service recruitment.
The Government would start a policy designed to use the talents of
women in full to increase the productivity of labor as well as possible, in
addition to efforts to increase the involvement of the Eve in the labor force
in Malaysia.
To help SMEs, a series of programs will be developed to improve the
Human Resources Development Fund (Human recourses Development Fund, or HRDF).
It in turn will enable local SMEs to learn so adopt business practices that are
the latest in human resources management, thereby increasing their ability to
build a skilled workforce and high productivity.
4. Towards a United Efficient, Robust And Ability
Malaysia will to move toward building a government that is based on
efficiency, stability and ability to provide all the needs of both business and
the public sector. Among the most important initiatives proposed by the
Laboratory of Public Service, including eliminating duplication of measures and
function in harmony in order to have a clear administrative structure to ensure
the integrity and quality of production. The government is also introducing a
performance monitoring system immediately, aided by instant feedback rating
system.
Efficient public services will also be built by adopting the practices
of strategic human resources, where the organizational structure will be
flattened using HR practices selected. In addition, the open recruitment of
labor in the civil service as well as between the private sector to fill
certain positions, through open recruitment is thus fostering a competitive
environment. Among the steps to enable this policy include the introduction of
regular employment scheme and increase the existing pension scheme.
5. Enhance Competitiveness Malaysia
Malaysia has shown its commitment to improve the country's
competitiveness through SRI International Standards and Liberalization (SAL)
which involves three elements, namely the liberation of the services sector, as
well as the standards of competition law.
The release of the service sector at the highest level is based on
their contribution to the Gross National Income (GNI) not only for now but also
in time hadapan.Ini very important in achieving the goals of the ETP to
increase the contribution of the services sector to the national income to 65%
by 2020.
Malaysia has the advantage in terms of competitiveness and strives to
be among the biggest employers the world. It begins with the release of the
medical sector, education and business services. All of this will see the
limits of property rights and foreign workers in Malaysia abolished gradually.
This will complement the improvement of the quality of Malaysian goods
where the focus is limited to the services and products where Malaysia has a
competitive advantage and the ability to become world's largest producer. The
Act will come into force competition thereby promoting increased competition,
foreign investment and boost the current market. It is also designed to protect
businesses from any unhealthy practices and abuse of power.
6. Ability stimulate Build
Through this SRI, efforts to develop Bumiputera SMEs will be developed,
thus increasing income levels and stimulating content-house low-income
Malaysians to contribute to economic development. Already there are plans under
the NKRA for Low-Income contents of houses, Education and Rural Basic
infrastructure, to improve low-income households.
SMEs Program High Performance (High Performing Bumiputera SME, or PBS)
to foster a new generation of world-class Bumiputera entrepreneurs in the 12
NKEA, will be launched by TERAJU soon.
SMEs need to be enlarged to increase their level of development and
compete in the open market without expecting excessive twelve Ehsan Government.
The program will have a scheme "recede" more decisive for driving
performance and self-reliance.
The government aims to per capita income is US $ 15,000 or RM48,352 per
annum by 2019, one year ahead of the original target countries to achieve
high-income nation by 2020.
