ID :
29484
Mon, 11/10/2008 - 19:04
Auther :
Shortlink :
https://oananews.org//node/29484
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ANNOUNCEMENT ON FURTHER LIBERALISATION OF SERVICES SECTOR IMMINENT, SAYS M`SIAN DPM
KUALA LUMPUR, Nov 10 (Bernama) -- An announcement on the further
liberalisation of the services sector to attract foreign direct investment
(FDI)is imminent, says Deputy Prime Minister Najib Razak.
Najib, who is also the Finance Minister, said that areas like logistics and
some professional services would also be included in the liberalisation
plan.
"It will not include banking but other sectors like logistics and some from
among the profesional services. An announcement is imminent," he said.
"With this liberalisation move, we expect to further enhance the FDI in the
services sector and other specific sub-sectors," he said after the third
Economic Council Meeting here, Monday.
The meeting was chaired by the Prime Minister, Seri Abdullah Ahmad
Badawi.
Najib said that the meeting on Monday also discussed the first of three
working papers on the state of the country's economy and the world at present,
as well as predictions and projections for next year.
The meeting discussed a strategic package to achieve higher economic growth
and whatever structural changes that needed to be undertaken, and the strategy
to encourage private sector investment.
"The meeting agreed that under the present economic conditions, the
government had already undertaken a RM7 billion (US$1=RM3.53) stimulus package
as a strategy to boost growth.Still,structural changes are needed," said
Najib.
Among other things,the government will practice a progressive
liberalisation
policy to be implemented from time to time and the latest is the change to the
services sector.
He said that the meeting had also determined the new growth and income
sources as well as the supply of skilled and knowledge workers based on the
needs of the country, including the development of the economic corridors.
The meeting also discussed the issue of macro stability.
"The global economic scenario which is said to be very serious, may face
uncertainities over a longer period than expected," he added.
-- BERNAMA
liberalisation of the services sector to attract foreign direct investment
(FDI)is imminent, says Deputy Prime Minister Najib Razak.
Najib, who is also the Finance Minister, said that areas like logistics and
some professional services would also be included in the liberalisation
plan.
"It will not include banking but other sectors like logistics and some from
among the profesional services. An announcement is imminent," he said.
"With this liberalisation move, we expect to further enhance the FDI in the
services sector and other specific sub-sectors," he said after the third
Economic Council Meeting here, Monday.
The meeting was chaired by the Prime Minister, Seri Abdullah Ahmad
Badawi.
Najib said that the meeting on Monday also discussed the first of three
working papers on the state of the country's economy and the world at present,
as well as predictions and projections for next year.
The meeting discussed a strategic package to achieve higher economic growth
and whatever structural changes that needed to be undertaken, and the strategy
to encourage private sector investment.
"The meeting agreed that under the present economic conditions, the
government had already undertaken a RM7 billion (US$1=RM3.53) stimulus package
as a strategy to boost growth.Still,structural changes are needed," said
Najib.
Among other things,the government will practice a progressive
liberalisation
policy to be implemented from time to time and the latest is the change to the
services sector.
He said that the meeting had also determined the new growth and income
sources as well as the supply of skilled and knowledge workers based on the
needs of the country, including the development of the economic corridors.
The meeting also discussed the issue of macro stability.
"The global economic scenario which is said to be very serious, may face
uncertainities over a longer period than expected," he added.
-- BERNAMA
