ID :
42488
Sat, 01/24/2009 - 17:20
Auther :
Shortlink :
https://oananews.org//node/42488
The shortlink copeid
YEAR 2009 WON'T BE EASY, SAYS M'SIAN DPM
KUCHING (Malaysia), Jan 24 (Bernama) -- The year 2009 will be full of challenges for Malaysia following the global economic crisis besides the political situation which needs to be strengthened, said Deputy Prime Minister Najib Tun Razak.
He said the world economic recession created by the United States (US) today
was not only felt by Malaysia but the other countries in the world as well and
it could not be ascertained when the problem would end.
"The year 2009 is not an easy year, I'm not certain what lies ahead. This
year will certainly be challenging economicaly and politically for us," he said
when speaking at a dinner with community leaders at the Banquet Hall at the
State Legislative Assembly Complex, here Friday night.
He said, however, Malaysia was still fortunate as it could still take on the
challenges although the national economic growth was lower in 2008 with an
initial projection of 3.5 per cent.
Najib said Malaysians should not be ashamed because compared to other
countries, the figure was still high as a neighbouring country which had
projected a five-percent growth could only achieve a growth of two per cent last
year.
Najib said the government would ensure that the RM7 billion economic
stimulus package announced earlier could be utilised especially for housing
projects, the hardcore poor development projects, rural and village roads, and
other development projects.
"The RM7 billion package must be spent so that the gross domestic product
(GDP) could reach 3.5 per cent this year," he said.
He pointed out that the economic factor also had an impact on political
stability not only in Malaysia but also the other countries in the world.
He said that Malaysia was still able to maintain its record as the strongest
government because it had managed to uphold the country's administration for
more than 50 years.
Najib said the government had many agendas to bring changes and
transformation to the country and these agendas could not be achieved by
changing the existing government.
Meanwhile, Chief Minister Abdul Taib Mahmud said although the global
economic slowdown was expected to have an impact on Malaysia's economy, it would
not affect the overall industrial sector.
He said the heavy industry needed for the Sarawak Corridor of Renewable
Energy (SCORE) could still attract the interest of foreign investors.
--BERNAMA
He said the world economic recession created by the United States (US) today
was not only felt by Malaysia but the other countries in the world as well and
it could not be ascertained when the problem would end.
"The year 2009 is not an easy year, I'm not certain what lies ahead. This
year will certainly be challenging economicaly and politically for us," he said
when speaking at a dinner with community leaders at the Banquet Hall at the
State Legislative Assembly Complex, here Friday night.
He said, however, Malaysia was still fortunate as it could still take on the
challenges although the national economic growth was lower in 2008 with an
initial projection of 3.5 per cent.
Najib said Malaysians should not be ashamed because compared to other
countries, the figure was still high as a neighbouring country which had
projected a five-percent growth could only achieve a growth of two per cent last
year.
Najib said the government would ensure that the RM7 billion economic
stimulus package announced earlier could be utilised especially for housing
projects, the hardcore poor development projects, rural and village roads, and
other development projects.
"The RM7 billion package must be spent so that the gross domestic product
(GDP) could reach 3.5 per cent this year," he said.
He pointed out that the economic factor also had an impact on political
stability not only in Malaysia but also the other countries in the world.
He said that Malaysia was still able to maintain its record as the strongest
government because it had managed to uphold the country's administration for
more than 50 years.
Najib said the government had many agendas to bring changes and
transformation to the country and these agendas could not be achieved by
changing the existing government.
Meanwhile, Chief Minister Abdul Taib Mahmud said although the global
economic slowdown was expected to have an impact on Malaysia's economy, it would
not affect the overall industrial sector.
He said the heavy industry needed for the Sarawak Corridor of Renewable
Energy (SCORE) could still attract the interest of foreign investors.
--BERNAMA
