Tuesday, June 14, 2011

Nine new ETP initiatives and more jobs

Prime Minister Datuk Seri Najib Abdul Razak has announced nine new initiatives in the Economic Transformation Programme (ETP), which include Malaysia's first private teaching hospital and the establishment of two new specialists hospitals, The Sun newspaper reported.

He was quoted as saying the new initiatives are expected to bring in RM2.77 billion in investment and create 36,595 jobs by 2020.

Speaking at the 6th ETP Progress Update here, Najib said the nine new initiatives (see below for list), along with the six previously announced ones, are expected to generate RM63.88 billion in investments, contribute RM66.13 billion in Gross National Income (GNI) and 63,531 new jobs.

This development will see an investment of RM850 million by 2012, which will in turn generate RM1.3 billion in GNI and 2,000 jobs by 2020.

"In the Healthcare NKEA, two specialists hospitals will be established,” Najib said.

"The first will be a 220-bed hospital dedicated to heart, brain, spine and joint diseases while the second is a 300-bed hospital to provide comprehensive children and women's healthcare," said Najib, who is also the Finance Minister.

The report also noted that these two hospitals, undertaken by Sime Darby Healthcare group, will cost RM240 million and RM40 million respectively and will create 1,539 new jobs by 2020.