PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim has urged the private sector to collaborate closely with the government, emphasising teamwork to expedite the nation's success, especially in economic development and investments.

"I have high expectations and hope, not only from the government but particularly from the private sector.

"I appeal for your ongoing support, expertise and suggestions, subsequently to collaborate as a unified team to ensure Malaysia's success.

"We have the capacity and resources. Despite having lost some "time", we should be able to make progress and ensure success for our country," he said in his speech at the National Chamber of Commerce and Industry of Malaysia (NCCIM) 62nd Anniversary gala dinner today.

Present at the event were Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, Digital Minister Gobind Singh Deo and NCCIM president Tan Sri Soh Thian Lai.

Anwar added while Malaysia is politically stable; "However, stability is not for us to be complacent or to be lulled into complacency.

With the stability we currently enjoy, we must seize the opportunity to bring about change, initiate institutional reforms and even implement unpopular policies. These steps are crucial for ensuring our country's success.

"Among these unpopular policies are adjustments to electricity tariffs and diesel rationalisation, which may not be well-received. Nevertheless, they are necessary actions that must be undertaken.

"We cannot expect to succeed without taking tough measures. To safeguard the nation and prevent the kind of massive leakages we have witnessed, by the billions, we cannot manage the country like we used to.

"We must emphasis on good governance and please be assured that we will do whatever is necessary to make Malaysia succeed and emerge as a great nation," he said.

At the event, Anwar also announced an allocation of RM1 million to the NCCIM.

"I must acknowledge and commend NCCIM for their significant and substantial contribution to the government's efforts in promoting overseas investments," he said.

Meanwhile, Soh in his speech said Malaysia has weathered significant global challenges, including the configuration of global powers, supply chain disruptions, geo-economic fragmentation and fluctuations in global markets, including the currency markets.

"Despite these hurdles, Malaysia continues to show resilience and potential for growth, thanks to the relentless effort of the government in bringing in quality foreign investments."

He, however, said that challenges such as income inequality, shortage of talent, high cost of living, fall in competitiveness and environmental sustainability issues remain pressing concerns that demand immediate attention.

"Emphasising these areas will position Malaysia strategically for future economic growth amid evolving global dynamics." 

https://www.nst.com.my/news/nation/2024/07/1081695/lets-work-together-team-make-malaysia-successful-nation-anwar-tells