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Friday September 13, 2013 MYT 12:00:00 AM
Friday September 13, 2013 MYT 11:42:00 AM
by rahimy rahim
KUALA LUMPUR: Malaysia needs to enter the next phase of development by creating a more balanced and advanced economy in its bid to become a developed nation, said Datuk Seri Najib Tun Razak.
The Prime Minister said Malaysia should continue with its development path and maintain an attractive business environment and stable economic conditions so new business and investments could keep flowing into the country.
“High-tech, knowledge-based industries will play a crucial part in our transformation and future growth. But we must not overlook the small and medium-sized businesses that are the workshops of our economy,” he said at the 30th anniversary celebration of the Japanese Chamber of Trade and Industry Malaysia (Jactim) here yesterday.
Najib, who is also Finance Minister, urged Japanese businesses to continue to play their role and assured that the Malaysian Government would facilitate with nurturing their business.
“I want more Japanese companies to open shop here,” he said.
He said the “Look East” policy introduced by former prime minister Tun Dr Mahathir Mohamad some 30 years ago not only had helped Malaysians understand the secret of Japanese success but also highlighted what Malaysia could offer Japan.
He noted that over the past 30 years, more than 13,600 young Malaysians had attended Japanese universities and enrolled in professional training courses and placement with Japanese companies.
Jactim president Masato Nakamura hoped the Government would provide special incentives for its halal industry to attract more foreign investors.
He said Malaysia could become a gateway to the Muslim market and capitalise on the strength of its halal certification to boost revenues from the sector.
“Malaysia is a small country in terms of population but the country can tap the potential of the halal market by venturing into other countries like India,” he told reporters after the celebration.
According to the International Trade and Industry Ministry’s statistics, between January and May last year, total trade between Malaysia and Japan reached RM61.5bil.
Tags / Keywords:
Government, Japanese Chamber of Trade and Industry, Jactim
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