“Program Transformasi Ekonomi: Hala Tuju untuk Malaysia” (“Economic Transformation Program: The Direction for Malaysia”). Propelling Malaysia Towards Becoming A High-income Developed Nation. The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020. It will lift Malaysia’s gross national income (GNI) per capita from USD6,700 or RM23,700 in 2009 to more than USD15,000 or RM48,000 in 2020, propelling the nation to the level of other high-income nations. This GNI growth of 6 percent per annum will made possible to achieve the targets set under Vision 2020.
ETP was launched on 25 September 2010, and formulated as part of Malaysia’s National Transformation Programme with the objective is to elevate the country to developed-nation status by 2020, targeting GNI per capita of US$15,000. This is believed to be achieved by attracting US$444 billion in investments which will, in turn, create 3.3 million new jobs. The ETP’s targets for 2020 will be achieved through the implementation of 12 National Key Economic Areas (NKEAs), representing economic sectors which account for significant contributions to GNI. The programme is also centred on raising Malaysia’s competitiveness through the implementation of six Strategic Reform Initiatives (SRIs). The SRIs comprise policies which strengthen the country’s commercial environment to ensure Malaysian companies are globally competitive. source