We all know PEMANDU (Performance Management and Delivery Unit) is led by Minister without Portfolio, Idris Jala (of MAS's 'quick turnaround by selling assests' fame) in PM's Department.
REFSA (Research for Social Advancement) is a not-for-profit research institute. The following report (in 2 parts) in Loyarburok, is prepared by its Executive Director, Teh Chi-Chang, CFA, and Dr. Ong Kian Ming BSc (LSE), MPhil (Cantab), PhD (Duke), a Visiting Contributor.
Reason for the details in qualifications? I am sure to give the report credibility since they are refuting government released figures. I have to admit my personal bias towards any report critical of BN because of its huge propaganda machinery in the mainstream media. But the main problem in trying to correct misconceptions is dissemination of information because most people have very short attention spans. Whatever misleading reports in the msm were lapped up by the general public, and much later, when there were reversals of court judgments and even compensations ordered to be paid, the misled public are general unaware that the original lies had been exposed and discredited.
REFSA says: A big fat 'F' for Fail: The ETP has failed to meet its targets
'We are dismayed to find perception manipulation and deception still surrounds the Economic Transformation Programme (ETP). The mainstream media today is full of praise and claims of excellent performance and transformation. This is exactly the opposite of the true picture. Today, REFSA draws attention to 3 points:
1. Real national income growth...
2. PEMANDU still cannot get its basic math and data right...
3. Based on Department of Statistics data, nominal GNI per capita grew an average of just 7.4% per year from 2009 to 2012, which is less than the 8.2% per year average growth rate registered from 2001 to 2010. PEMANDU and the ETP came into force in 2010. In short, the ETP and PEMANDU have failed to increase our GNI per capita above its long term growth trajectory...'
[REFSA Says] 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...'
'ETP Failed: To Transform Malaysia
The ETP Annual Reports and publicity focusing on investments, projects and US$ income proves our view that the ETP is only there to help the ‘big boys’ who can lobby PEMANDU to fast track their projects, as opposed to measures that help ordinary Malaysians sustainably improve their livelihoods .
If PEMANDU and the ETP were truly about transforming our nation for the better, there must be far more emphasis on improving education, skills and the social and business environment. They must also have the political will to combat grand corruption rather than just clear red tape and increase competition by dismantling monopolies which are controlled by political cronies. Finally they must be honest and transparent about their achievements rather than resort to manipulating statistics in order to deceive the public. Only then can we take real steps towards a future where all Malaysians can have the dignity of decent jobs, housing and security.'