A big fat ‘F’ for Fail (Part 2): The ETP has failed ordinary Malaysians

The perception manipulation and deception surrounding the Economic Transformation Programme (ETP) masks much more than the mediocre economic growth and dodgy math that we spotlighted yesterday. Today, we draw attention to 3 points:

1. The ETP experienced a spectacular reversal in investments in 2012 in its second full year. Committed investments slumped 82% from RM179.2b in 2011 to RM32.1b in 2012;
2. Not only did investments shrink, they were also of lower quality. Each ringgit of committed investments in 2012 is expected to generate less national income and create jobs that pay lower than the investments committed in 2011;
3. The sharp contradiction between the fact that over 20 million Malaysians, nearly 70%, of our population, are poor enough to qualify for the BR1M welfare handouts even while PEMANDU trumpets we are on-track to high-income status.

Read our full analysis here.

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