Dr. Dzul's Blog

By Clara Chooi (TMI) 
June 21, 2012

KUALA LUMPUR, June 21 — Putrajaya’s efficiency unit had exaggerated the RM179 billion figure in total investments recorded last year under the Economic Transformation Programme (ETP), a think-tank alleged today, saying the number of “actual investments” received in 2011 only totalled RM12.9 billion.

The opposition-linked Research for Social Advancement (REFSA) think-tank, which has published a series of critiques on the ETP that aims to double per capita income by 2020, disclosed in a focus paper today that the government’s Performance Management and Delivery Unit (PEMANDU) had downplayed the fact that RM179 billion was merely the total “committed investments” for last year and not the “actual investments”.

It said that a Maybank report in April this year had pointed out that only RM12.9 billion of investments had actually been realised in Malaysia last year, a far cry from the RM179 billion boasted by PEMANDU.

“The gap between actual and committed investments is huge,” REFSA wrote in Part 3 of its focus paper, which dissects the ETP’s recently released 2011 Annual Report.

Further to this, REFSA also pointed out that in the ETP report, PEMANDU had appeared to claim credit by boasting that the total private investments of RM94 billion in 2011 was 113 per cent above its target.

“PEMANDU is stealing credit again,” the research body complained, pointing again to the RM12.9 billion “actual investment” figure for last year, which it says encompasses both private and government-linked investments.

“So PEMANDU deserves very little credit for the RM94 billion private investments actually achieved across the whole country,” it said.

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