This article was last updated on April 16, 2022
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Datuk Seri Najib Tun Razak said that people should be willing to work together if they want the country’s assets and wealth to be remained secure and continued political stability and certainty. Both private sector and public sector have to work together to ensure country’s economic productivity is further enhanced to cope with the possible outcomes in the global economy.
Najib said, “We need to put ourselves in the strongest possible position to wheather this global economic storm.” He added, “We need to work tirelessly to strengthen the competitiveness of Malaysian products and services and to tap new opportunities in non-traditional markets to maintain our export performance.”
He cited the economic slowdown in the United States, financial predicament within the Eurozone and political uncertainty in other regions as the reasons for Malaysia to be tougher economically.
In his keynote address at the 66th annual general meeting of the Association Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) said, “I will be announcing a series of investment incentives over time to attract more foreign direct investment and domestic investments.” He also assured the government’s vow to deal with issues raised by the community, such as energy costs, labor and land shortages, access to finances for small-to-medium enterprises and minimum wages, among others.
“I want you to know we are committed to doing everything we can to address these problem areas and to break down barriers wherever they exist, and driving improvements in our investment climate and quality of life,” he said. He also added, “It goes without saying that things will not change overnight and some issues will take time to show drastic improvement.”
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