The Federation of Malaysian Producers (FMM) has lauded the Madani Economic system framework for advancing the manufacturing sector’s instrumental position in fulfilling the aspiration of constructing Malaysia a number one Asian economic system once more.
President Tan Sri Soh Thian Lai mentioned a number of initiatives highlighted within the newest financial framework launched by the Prime Minister yesterday can be applied to raise the sector because the nation’s engine of recent development.
“FMM helps the federal government’s goal of constructing Malaysia one of many high 30 greatest economies on this planet together with changing into a regional financial powerhouse and establishing better financial integration with neighbouring nations.
“Certainly, the manufacturing sector has an enormous position to play right here by guaranteeing that Malaysia continues to be a most well-liked regional provide chain and manufacturing hub within the Asean area,” mentioned Soh in a press release in the present day.
The methods and reforms outlined to enhance competitiveness and the benefit of doing enterprise together with good governance are very vital to creating Malaysia a continued favoured vacation spot for investments, he mentioned.
On this regard, Soh mentioned FMM wish to urge the federal government to arrange a Madani Economic system Inter-Ministry Joint Working Committee with the involvement of the personal sector to coordinate all of the methods and key efficiency indicators (KPIs) and motion plans.
“FMM couldn’t agree extra that the important thing to the success of the implementation of the Madani Economic system is efficient and environment friendly implementation of the initiatives and reforms, in addition to good governance.
“Most essential are common stakeholder consultations to make sure that the initiatives are aligned with the present financial and enterprise circumstances for industries to stay aggressive and sustainable, and to proceed rising,” he mentioned. – BERNAMA