PUTRAJAYA — Jan. 29, 2018: Malaysian companies are asked to capitalise on the nation’s position as one of the world’s top 25 exporting countries by becoming relentless in seeking new markets, diversifying their products and creating new jobs for young people.
With this in mind, Prime Minister Datuk Seri Najib Razak wants all chambers of commerce to work together as one strong, cohesive force to make the most of the tremendous possibilities.
“As the world’s economic epicentre moves east and it becomes clear to everyone that in the 21st century Asia’s time has truly come, we must make the most of this moment.
“We cannot afford to sit still,” said Najib at a dinner organised by the Malaysian Malay Chamber of Commerce (DPMM) at Seri Perdana today.
According to Najib, Malaysian companies must certainly take advantage of China’s Belt and Road Initiative (BRI) which has the potential to create the world’s largest platform for economic cooperation.
The BRI, aimed at connecting cities in 68 countries across Europe, Asia and Africa, represents a market of about 4.4 billion people or 63 per cent of the world’s population and 30 per cent of global gross domestic product.
In this respect, the BRI is already happening, for instance, in the participation of Alibaba founder and executive chairman Jack Ma in the creation of Malaysia’s Digital Free-Trade Zone.
Najib gave his assurance that the government would do its part to stimulate innovation in the public sector to complement the significant efforts of the private sector and non-governmental organisations that the chambers of commerce represented.
DPPM has outlined 16 programmes under four categories — smart partnerships, capacity-building, public outreach and Dewan Global — that it would roll out within the next six months.
Under the smart partnership, DPMM will address capacity building, up-skilling and re-skilling the current workforce.
For capacity building, the programmes lined up include 1AM Usahawan, IR 4.0 training, ASTI young entrepreneur, the LOKA Fashion Week and Bustana Kucing that would capture growth opportunities offered by the pet feline industry.
The Dewan Global Strategy aims to facilitate entry into a new and untapped markets, especially the global halal market that currently valued at US$500 billion. — Bernama