ID :
157239
Fri, 01/14/2011 - 10:40
Auther :
Shortlink :
https://oananews.org//node/157239
The shortlink copeid
PM NAJIB URGES MSIAN COMPANIES TO MOVE UP AS REGIONAL & GLOBAL PLAYERS
KUALA LUMPUR, Jan 14 (Bernama) -- Malaysian Prime Minister Najib Tun Razak
Thursday called on the captains of the private sector corporations to elevate
their organisations' status from being Malaysian companies to regional players
and ultimately, global leaders.
This is the challenge for corporate leaders as Malaysia moves into
the next stage of economic development, from being production-based to
an innovation-driven and knowledge-based economy, he said.
"You must strive to build world class companies as well as nurture and
retain world class talent," he said in his speech at the Malaysia’s CEO of the
Year Award 2010 here, Thursday.
His speech text was read by International Trade and Industry Minister
Mustapa Mohamed.
The Prime Minister said that although the challenges ahead were numerous and
there was much uncertaintly, one thing certain was that change was the only
constant.
"You have to grow and manage your businesses amidst constantly changing
economic scenarios," he added.
Najib said the government had outlined various programmes such as the
Government Transformation Programme and Economic Transformation Programme under
which reforms are being implemented to achieve economic growth targets and to
become a high-income nation as well as cater to the needs of the people.
"On the economic front, we have our work cut out for us and that includes
you, the CEOs and members of the private sector.
"ETP will not achieve its goal if we do not work as a united team with a
common purpose on ensuring success. Thus, the success also depends on your
active participation and commitment," he explained.
Najib stated the private sector had already committed RM106 billionm
(US$1=RM3.05) in investments for 37 entry point projects that would generate
102,000 new jobs from a total of 131 entry point projects and 60 business
opportunities
identified.
He highlighted that Malaysia was also once again on the radar screens of
many fund managers and foreign investors but that should not result in
complacency as there were still many challenges for a small, open and trade
dependent economy such as Malaysia.
There are still dark clouds on the international economy with uncertainty in
the Euro zone, he said.
Najib also urged the CEOs who have the network both at home and abroad to
assist by acting as talent scouts and helping the government to seek and engage
those living abroad to consider how best they can contribute to the nation’s
transformation and development.
Despite the challenges in the global environment, Malaysian corporations
continue to perform reasonably well as the bottom lines of many companies are
healthy.
"However, there is a need for you (CEOs) to also distinguish yourselves not
just by the profits alone but by innovation, best practices, increased
productivity and enhanced competitiveness," he elaborated.
Meanwhile, Executive Chairman and Group Managing Director of Supermax
Corporation Bhd, Stanley Thai, bagged the Malaysia’s CEO
of the Year 2010 award.
Maxis Communications Bhd won the Corporate Nationhood Initiatives Award 2010
and The Sunway Group was selected for Special Mention in the Corporate
Nationhood Initiatives Award 2010.
--BERNAMA
Thursday called on the captains of the private sector corporations to elevate
their organisations' status from being Malaysian companies to regional players
and ultimately, global leaders.
This is the challenge for corporate leaders as Malaysia moves into
the next stage of economic development, from being production-based to
an innovation-driven and knowledge-based economy, he said.
"You must strive to build world class companies as well as nurture and
retain world class talent," he said in his speech at the Malaysia’s CEO of the
Year Award 2010 here, Thursday.
His speech text was read by International Trade and Industry Minister
Mustapa Mohamed.
The Prime Minister said that although the challenges ahead were numerous and
there was much uncertaintly, one thing certain was that change was the only
constant.
"You have to grow and manage your businesses amidst constantly changing
economic scenarios," he added.
Najib said the government had outlined various programmes such as the
Government Transformation Programme and Economic Transformation Programme under
which reforms are being implemented to achieve economic growth targets and to
become a high-income nation as well as cater to the needs of the people.
"On the economic front, we have our work cut out for us and that includes
you, the CEOs and members of the private sector.
"ETP will not achieve its goal if we do not work as a united team with a
common purpose on ensuring success. Thus, the success also depends on your
active participation and commitment," he explained.
Najib stated the private sector had already committed RM106 billionm
(US$1=RM3.05) in investments for 37 entry point projects that would generate
102,000 new jobs from a total of 131 entry point projects and 60 business
opportunities
identified.
He highlighted that Malaysia was also once again on the radar screens of
many fund managers and foreign investors but that should not result in
complacency as there were still many challenges for a small, open and trade
dependent economy such as Malaysia.
There are still dark clouds on the international economy with uncertainty in
the Euro zone, he said.
Najib also urged the CEOs who have the network both at home and abroad to
assist by acting as talent scouts and helping the government to seek and engage
those living abroad to consider how best they can contribute to the nation’s
transformation and development.
Despite the challenges in the global environment, Malaysian corporations
continue to perform reasonably well as the bottom lines of many companies are
healthy.
"However, there is a need for you (CEOs) to also distinguish yourselves not
just by the profits alone but by innovation, best practices, increased
productivity and enhanced competitiveness," he elaborated.
Meanwhile, Executive Chairman and Group Managing Director of Supermax
Corporation Bhd, Stanley Thai, bagged the Malaysia’s CEO
of the Year 2010 award.
Maxis Communications Bhd won the Corporate Nationhood Initiatives Award 2010
and The Sunway Group was selected for Special Mention in the Corporate
Nationhood Initiatives Award 2010.
--BERNAMA
