Minister of International Trade and Industry Dato’ Sri Mustapa Mohamed, today said “the nation must improve its economic performance if the targets of the Economic Transformation Programme are to be met.”
He said his Ministry will take the initiative to be the “lead advocate” of a campaign to work with all parties to improve national economic competitiveness.
“MITI will work with the business community to get this done.”
“We will also work with other Ministries and government agencies to deliver a level of public service that the transformation agenda demands.”
Dato’ Mustapa Mohamed was speaking at the launch of the Ministry’s Report for 2011. The Report is themed “Driving Transformation, Powering Growth” and is the 20th publication in the series.
The Report highlights developments in Malaysia’s trade, investment and productivity sectors in the past year. It also focuses on activities related to green industries, entrepreneurship development and the Ministry’s turun padang programme.
Malaysia’s economy grew by 5.1 per cent in 2011, with the manufacturing sector recording a 4.5 per cent increase while the services sector grew at 6.8 per cent. This performance was achieved in the face of a challenging international environment dominated by the Euro zone sovereign debt crisis and the slow recovery of the United States’ economy.
Dato’ Mustapa said improving economic competitiveness has been Malaysia’s overriding priority. Measures which have been taken for this purpose include liberalizing sectors of the economy and institute wide-ranging reforms to improve efficiency levels and boost investor confidence. Increasing productivity, promoting innovation and creating a business friendly environment were also key areas of emphasis, he added.
MITI has a key role in the implementation of the Economic transformation Programme. In 2011 we worked closely with industry and PEMANDU to ensure that the Entry Point Projects, specifically in the E&E sector, were implemented as planned. An integral part of the implementation of these projects is ensuring that we continue to be business-friendly. In this context, MITI worked with PEMUDAH to do away with unnecessary business licences.
To illustrate his point, Dato’ Mustapa referred to the project undertaken by PEMUDAH to simplify and reduce business licensing requirements. The exercise began in March last year and 767 business licenses were reviewed.
He said his Ministry will take the initiative to be the “lead advocate” of a campaign to work with all parties to improve national economic competitiveness.
“MITI will work with the business community to get this done.”
“We will also work with other Ministries and government agencies to deliver a level of public service that the transformation agenda demands.”
Dato’ Mustapa Mohamed was speaking at the launch of the Ministry’s Report for 2011. The Report is themed “Driving Transformation, Powering Growth” and is the 20th publication in the series.
The Report highlights developments in Malaysia’s trade, investment and productivity sectors in the past year. It also focuses on activities related to green industries, entrepreneurship development and the Ministry’s turun padang programme.
Malaysia’s economy grew by 5.1 per cent in 2011, with the manufacturing sector recording a 4.5 per cent increase while the services sector grew at 6.8 per cent. This performance was achieved in the face of a challenging international environment dominated by the Euro zone sovereign debt crisis and the slow recovery of the United States’ economy.
Dato’ Mustapa said improving economic competitiveness has been Malaysia’s overriding priority. Measures which have been taken for this purpose include liberalizing sectors of the economy and institute wide-ranging reforms to improve efficiency levels and boost investor confidence. Increasing productivity, promoting innovation and creating a business friendly environment were also key areas of emphasis, he added.
MITI has a key role in the implementation of the Economic transformation Programme. In 2011 we worked closely with industry and PEMANDU to ensure that the Entry Point Projects, specifically in the E&E sector, were implemented as planned. An integral part of the implementation of these projects is ensuring that we continue to be business-friendly. In this context, MITI worked with PEMUDAH to do away with unnecessary business licences.
To illustrate his point, Dato’ Mustapa referred to the project undertaken by PEMUDAH to simplify and reduce business licensing requirements. The exercise began in March last year and 767 business licenses were reviewed.