BUTTERWORTH, April 24 - Malaysian entrepreneurs must be ready to compete in a more open market with the decision of the government to liberalise the markets of 27 sub sectors in the service industry.Making this call, Deputy Minister of International Trade and Industry, Datuk Mukhriz Tun Mahathir said the decision to liberalise will bring about positive effects to the country's market and entrepreneurs.
"With the existence of such an open market, foreign direct investments (FDIs) will increase and this indirectly will provide more jobs to skilled workers and help raise the income of our people," he told reporters during his visit of the Star CNC Teknologi's factory here today.
He said the government on its part will strengthen the help it has been giving through training and financial assistance to entrepreneurs in order to face the rising challenges.
On Tuesday, Prime Minister Datuk Seri Najib Tun Razak announced the liberalisation of the 27 services sub sectors with the abolishment of the condition of local equity shareholdings in the sectors as a move to attract more foreign investments, technologies and the creation of high level jobs.
With this, the 30 per cent local equity condition for the involved subsectors will no longer apply. Mukhriz said the question of a 30 per cent Bumiputera equity should not arise as the equity allocation also covers non-Bumiputera equity.
"Local companies should be ready to face an open market and be prepared to export their products or services out of the country," he said.
He also reiterated that the decision was not made in haste but followed a long study, and in line with Malaysia's commitment to the ASEAN agreement.
"The decision was made after discussions with the parties involved including the Ministry of International Trade and Industry and the representatives of Bumiputera entrepreneurs themselves," he said. - Bernama
tunku : a lot of people think that the decision was made too fast but they had been studying it for quite sometimes and also held many many discussions with various parties especially with the bumiputeras entrepreneurs.we must not jump up and down.this is for the best for all. it's win win situation.it is only for 27 SUB SECTORS.
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1 comment:
No worries, we believe all our Bumi brothers and sisters will understand and give a clap to this policy, as soon as they understand what would actually this policy bring to us, and generally to Malaysia, our beloved country =)
The only people who gonna oppose this, it has 3 groups of possibilities:
1- know nothing about the policy, and follow blindly what other people say.
2- to protect his/her own selfish benefits.
3- opposition parties, who want to raise up this issue, to earn cheap votes for them.
We want policy which can bring goods to ALL Bumi, especially poor to moderate social status. We also support policy that bring equal and balance to all Malaysian community.
Let's hope for better Malaysia!
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