Chow (centre) witnessing the mock cheque presentation ceremony. Buddhist Tzu Chi Merits Society Malaysia commissioner Datuk Khoo Boo Leong (right) receiving the mock cheque on behalf of the association from PCCC represented by (from left) Hong, Choot and Tan. — Photo courtesy of Buletin Mutiara.
THE worst is over even though several economists and financial analysts have cautioned that there could be a recession this year.
Deputy Finance Minister II Steven Sim Chee Keong said based on the economic index over the past two months, there were indicators showing an upward trend of investors in the Malaysian market and the economy.
Based on current developments in the world daily, he said there were news reports about minor recessions happening here and there this year.
“However, I am confident that the worst is over for us Malaysians. Why do I say so?
“After two to three years of political contention, finally, Malaysia has a stable and united government.
“This is very important because without stability, we won’t be able to have strong economic development or harmony in the society.
“Reopening of China’s border is also another factor, which I believe can benefit Malaysia,” said Sim who was quoted by Buletin Mutiara during the Penang Chinese Chamber of Commerce (PCCC) Chinese New Year open house at Han Chiang High School.
Sim said the PCCC has been instrumental in stimulating economic and trade activities, as well as contributing to the economy of Penang and the country.
He also spoke about the Malaysia Madani concept introduced by Prime Minister Datuk Seri Anwar Ibrahim.
Madani is an acronym for a policy that embraces six core values – keMampanan (sustainability), kesejAhteraan (prosperity), Daya cipta (innovation), hormAt (respect), keyakiNan (trust) and Ihsan (compassion).
“The Malaysia Madani concept focuses on unity among Malaysians and economic prosperity.
“The unity government has outlined three immediate goals which are to improve the livelihood of Malaysians, revitalise the country’s economy, and improve the government’s efficiency,” he said.
PCCC president Datuk Seri Hong Yeam Wah said its history dates back to 1903.
“It has made indelible contributions to the country and the Chinese community in the past, upholding the original intention of serving the community, fostering better unity among society, and working together for business development,” he said.
“PCCC also assumes the responsibility of inheriting traditional Chinese culture, and promoting cooperation in various fields.”
Hong added that PCCC held its Chinese New Year open house once again after a two-year hiatus.
“It is not only to celebrate the festive season but also to provide a platform for friendly-exchange.
“I believe by bringing together members from more than 51 business associations, the PCCC will be able to stimulate regional economic and trade activities more effectively and contribute to the economy of Penang and the country,” he said.
Chief Minister Chow Kon Yeow said PCCC has represented the business community in urging the Federal Government to provide allocations for infrastructure projects in Penang.
“Penang can play a better role in the economic and industrial development of the country when these infrastructure projects are implemented and completed.
“We hope under our new Prime Minister, in the spirit of the unity government, the Federal Government will appreciate Penang’s contribution to Malaysia.
“We hope allocations for our projects will be approved,” said Chow, who also congratulated PCCC for successfully organising the open house.
The VIPs also took part in a yee sang tossing ceremony.
The event also saw PCCC donating to several charity organisations – Buddhist Tzu Chi Merits Society Malaysia (Penang) (RM100,000), Penang Pure Lotus Hospice of Compassion (RM50,000) and Carlatan Dialysis Centre (RM50,000).
Among those present were Deputy Education Minister Lim Hui Ying, Chinese consul-general in Penang Zhou Youbin, DAP chairman and Bagan MP Lim Guan Eng, DAP veteran Lim Kit Siang, PCCC life honorary president Tan Sri Tan Kok Ping and PCCC executive adviser Datuk Seri Choot Ewe Seng.
