Budget 2012: Morgan Stanley On The Budget

All you need to know is in the last paragraph:

2012 Budget: Key Takeaways and Thoughts

…Policy measures to jump-start private investment have continued in the 2012 Budget. In our view, however, the key to engineering a sustainable structural inflexion point for Malaysia lies in raising the quality of the labour force either via education or the import of talent. Policy-makers have tried to address this to a certain extent in the 2012 Budget. However, such policy measures are by nature long-gestation and bear results only in the medium term, and we believe that policy-makers will need to sustainably and effectively implement a critical mass of such reforms before results can be reaped.