CONDUCIVE ECOSYSTEM HELPS REALISE PRIVATE INVESTMENT TARGET - M'SIAN PM NAJIB

KUALA LUMPUR, June 17 (Bernama) -- A conducive ecosystem is needed to help
realise the target of drawing RM115 billion (US$34.84 billion) private
investments annually under the 10th Malaysia Plan, Prime Minister Najib Razak
said Thursday.

"It is a big target. Therefore it requires follow-up actions to develop the
ecosystem so that the target is achieved," he said when launching the 2010 Buy
Malaysian Goods campaign here.

Present was Domestic Trade, Cooperatives and Consumerism Minister Ismail
Sabri Yakcob.

Najib said a conducive ecosystem should include having more productive,
skilled and efficient workers and an efficient market to make the country more
competitive.

On the Buy Malaysian campaign, he said such an effort would be able to
enhance the productivity of local companies in addition to economic stimulus
packages as the money spent would have spillover effects.

The earnings of retailers and local producers and use of manpower would
increase, resulting in the companies having the capacity to reinvest, enhance
production technology and produce more innovative products.

"They will have more courage to invest and they will be more competitive not
only locally but also overseas," he said.

The prime minister said the government would play the role of a catalyst and
promote market efficiency to help the private sector make investment decisions.

The campaign also should not be viewed as a protectionist measure because
the aim was to promote the private sector so that they become globally
competitive, he said.

"Such a campaign will hopefully stimulate the local economy," he added.
-- BERNAMA