PUTRAJAYA: A Buy Malaysian goods campaign will be launched on Jan 16 by the Domestic Trade and Consumer Affairs Ministry to boost domestic economic growth.
Its minister Datuk Shahrir Samad said it would be hard for local producers to rely on export markets with the global economic meltdown and this campaign would help them continue growing.
“The main concern for the Ministry is no longer inflation but how to ensure the economic growth of local businesses,” he said at the New Year gathering at his ministry here on Tuesday.
He said Malaysia could not be escape the economic crisis that the developed world was suffering.
“We never expected that a country like Iceland would resort to the IMF (International Monetary Fund) for help, and if Lehman Brothers Holdings Inc can go bust, we will definitely feel the heat too,” he said.
Therefore, he said, in order to help Malaysian-made products continue to survive in the business world, the nationwide campaign would encourage people to buy such goods.
“We may have overlooked some local products in the past, but we do produce goods of high quality,” he said.
On whether it means that the quantity of imported products would be reduced following the launch of the campaign, Shahrir said there was no plan to lower imports.
When asked if there will be another fuel price cut this month, he said: “There hasn’t been any big difference in the world crude oil price, which stood at US$41 per barrel at the end of December, but we will continue to monitor the price every two weeks.”
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