KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin has called upon consumers to buy Malaysian-made products to help boost the domestic economy.
"I call upon all consumers to spend for Malaysia," he said when launching Buy Malaysian Product campaign at Suria KLCC on Saturday (July 18).
He said every expenditure would ensure that the Malaysian economy remained competitive.
Spending would have a domino effect on the economy, apart from creating job opportunities and generating revenue for rakyat, he said.
He lauded the Domestic Trade and Consumer Affairs Ministry and Suria KLCC for working together to launch the campaign to promote local products.
"I hope this campaign will serve as a starting point for the government, industry and the rakyat to forge collaboration to help revive the economy post Covid-19 pandemic, and spur growth," he said.
Muhyiddin noted that 13.7 million Malaysian workers, or 90.1% of the total local workforce, had returned to work after the great lockdown to contain Covid-19 transmission.
However, the pandemic had taken a toll on the global economy, with small and medium enterprises (SMEs) and multi-national corporations facing cashflow and low demand challenges.
"The supply chain is also affected, especially the industries and services relying on imported raw materials and components," he said.
The Prime Minister added that the government had reviewed existing policies to reduce dependence on imported products.
"Priority is now on boosting the local industry capability in producing local products.
"Malaysia must have the capability to produce critical products such as food and beverage, medical device, medicines, petrochemical as well as personal protection gears such as masks and gloves.
"With such capability, we can reduce currency outflow and subsequently boost export of local products," he said.
The focus now was on boosting domestic economy through "Buy Malaysian Products" campaign, he said.
Priority in government procurement schemes would now be given to local products, he added.
Muhyiddin also said the government had allocated RM20mil under Penjana for the campaign promoting local products and local services.
"This will encourage local product tagging at supermarket chains and on e-trade platforms," he said.
He said over last six months, 79,274 SMEs had utilised the e-trade platform following movement restrictions in the wake of Covid-19 pandemic.
Muhyiddin said the buy local campaign would also include the services sector such as tourism, health and logistics.