Today Malaysian PM Najib will release more information about ETP,expectedly some new projects will be announced.
It will start at 12:30pm and the official website will make it live to public by twitter.If you’re aware of the future of Malaysia,please follow them to get the updates or just visit the website to watch in the widget there.
Update: The announcement has been completed.Here are the details gathered from official media:
Bank Negara Malaysia(the central bank of Malaysia) regulates the new rules for credit card holders in Malaysia,eventually the new rules are more specific to low income class.By tying up the credit policies,Bank Negara will be able to reduce the risks of inflation in the country and bankruptcy issues on individuals.The details are:
1.Minimum income requirement of applying credit card is RM24,000 per annum.
2.For cardholders earning RM36,000 or less per annum:
(a)only can hold credit cards from two issuers.For those who have more than 2 cards currently,they are given to choose two preferred issuers before the end of this year.Cardholders will be given at least 2 years to pay the debts on the cards cancelled for the purpose of meeting the requirement.
(b)the maximum credit limit should not exceed 2 times of monthly income per issuer.For the outstanding balance over that maximum credit limit,a grace period of 2 years will be given to them to meet the new requirement.
All above rules are affected immediately.
BNM also announced that Further Enhancements to Credit Card Infrastructure Security will run by steps.Effective 1 January 2012, transaction alerts via Short Messaging Service (SMS) will be implemented by card issuers for their cardholders after transactions are performed. This will be followed by the implementation of the Personal Identification Number (PIN) verification for all card transactions from 1 January 2015 onwards.
I support the move of BNM of controlling the credit market to make it grow stable and healthy.
On 8 March 2011,PM of Malaysia Najib annouced new updates on ETP projects which bring remarkable opportunities and return for the countries and citizens.Total 23 projects at this time were unveiled:
1.Marina Island Pangkor’s International Resort & Entertainment Extension Project
2.AirAsia X’s Aircraft Purchase
4.Small Retailer Transformation Programme (TUKAR)
5.Upscaling of Paddy Farming in the MUDA Area
6.Fragrant Rice Production for Non-granary Areas
7.Accelerating Replanting of Oil Palm
8.Improving Fresh Fruit Bunch Yield
9.Increasing Oil Extraction Rate
10.Capturing Biogas for Electricity Generation
11.Developing Oleo Derivatives
12.Commercialisation of Pureprena and Ekoprena
13.LED-SSL Certification Centre
15.Cahaya Malaysia Cable System
16.Batam Damai Melaka (BDM) Cable System
17.Proliferation of broadband usage
18.Developing Marginal Oil and Gas Fields
19.Intensifying Exploration Activites
22.Pajam Renewable Energy Park
23.Energy Performance Management System (EPMS)
There are several projects I’m quite interested in:one is about cable system,another is about LED manufacturing facility.
The new cable systems will reduce the congestion of network in Malaysia,especially more applications are going to eat more bandwidth,such as HD video clips.
The LED factory sets up in Malaysia will perhaps let Malaysia enjoy lower-priced LED products which should save more power on daily use and have longer life.
I’m looking forwards to seeing more updates from the next events.As a foreigner staying in the country for decades,I do hope the second home could be more beautiful and stable. 
The economic in Malaysia recently has been at crossroads.More competitions in global market brings opportunities as well as risks.The Malaysian government is willing to take the chance to lead the country to be high income nation in 2020.Therefore,ETP was born for that goal.
Up to date,Prime Minister of Malaysia Najib announced 19 transformational projects come from 10 NKEAs, contributing nearly RM67 billion in investment, RM36 billion in GNI and 35,000 new jobs.
More EPPs will be announced by stages from PM Najib in the coming months.I’m looking forward to more great news that may drive Malaysia into a better living country.
Malaysia used to be the richest and most developed country in the region.However,since last 10 years,the economy in Malaysia was lacking of encouragements and so growing quite slow.As the current prime minister in Malaysia,Najib wants to make some revolutions-to unite all nations in the country and create more opportunities to all people by investing some great amount into a few potential industries and markets.Some labs of the government has been studying in the topics and we could see a part of research results through the official statement.
The one I’m interested in is Greater Kuala Lumpur Plan because I may keep living in KL for a number of years.The development of KL will affect my life here.Of course,I believe that will bring to me some opportunities too.
The proposed MRT plan could reduce the expense of travelling.It may also ease the congestions in city areas and so improve the efficiency of transport and logistics industry.
The proposed high speed train service linking Kuala Lumpur and Singapore(may extend to other major cities in the region in long term) will attract more visitors and provide more connections between the two financial cities,effectively promoting the complementarity of resources.
The proposed investment on broadband services and IT will eliminate the digital gap to catch the trends in the world.Moreover,it could speed up the delivery system in either public or private sector to show a much transparent,fair and efficient financial environment.
In fact,more than 100 proposed points are advised by the intelligent units.The formal presentation of the whole project will be announced by PM in the coming weeks.For me,I just hope that what they talk could be run thoroughly.