16/10/2012 (Bernama) - Malaysia has surpassed the overall key performance index (KPI) target under the Economic Transformation Programme (ETP) for this year, Minister in the Prime Minister's Department Datuk Seri Idris Jala said today.

Overall, on aggregate, Malaysia achieved 69 per cent of the target from January to August this year, he said.

"We're pleased with the figure so far. Investors are the key driving factors," said Idris, who is also Performance Management and Delivery Unit chief executive officer.

Idris said this at a media briefing after presenting a working paper, "ETP -- Way Forward and Opportunities in Palm Oil" at the Palm Oil Trade Fair and Seminar (POTS) here today.

He said the private and public investments grew by 28 per cent and 24 per cent respectively during the period.

"We always believe that investors are the key indicators for the economy. If you have investments then you will have projects that will result in more income, revenue and jobs for the country," he said.

Idris said domestic consumption was an important sector of the gross domestic product (GDP).

"Domestic consumption contributed about 69 per cent to the national GDP and it achieved eight per cent growth from January to August this year," he said.

He said investments were also another important sector, contributing between 20 and 22 per cent to the GDP.

Idris said the government needed to stay focus and work towards meeting the target to bring Malaysia into high-income nation by 2020.