M'SIAN PM: GOVT STREAMLINING POLICIES TO BE MORE COMPETITIVE

KUALA LUMPUR, June 6 (Bernama) -- The government is streamlining policies,
such as with the recent liberalisation, to make the country more competitive and
in a good position when the global economy recovers.

Prime Minister Najib Razak said this Monday when asked if the public could
expect more liberalisation measures in the coming months.

"We are streamlining our position to make it more attuned to what is
required of Malaysia and positioning the country in terms of the new global
economic environment to ensure we are in a good position when recovery takes
place," he told reporters after the ground-breaking ceremony of the 50-storey
Naza Group office tower here.

The Naza Group is a Malaysian business conglomerate associated with motor
trading, automotive franchises and property development, which began operations
in 1974.

"We will see how things develop (with the recent liberalisation). What is
important is to build our competitive strength," Najib said.

"At the same time, we need to address the concerns of the rakyat (the
people)," he said.

On another note, Najib advised leaders of family inherited firms to not only
manage the company successfully but also ensure that their companies are passed
on to the next generation.

"It's important that the growth and development of Malaysian companies
should transcend the role played by the founders. One of the biggest challenges
of family conglomerates is to pass them on to the next generation," he said.

Najib said the next generation must have in them the necessary attributes,
spirit and values to continue with what the founders had done.

"I'm confident that in the Naza Group this will be the case. You know if you
pass it on to the next generation, sometimes you will have problems," he said.

"Hopefully, the success achieved by them is not just what they have managed
thus far, but the process of transferring the leadership to the next generation
and taking it to greater heights," he added.

He also called on Bumiputera firms to study how the Naza Group founder, the
late Tan Sri SM Nasimuddin SM Amin, turned an automotive business in a
two-storey rented shop into a multi-business conglomerate.

-- BERNAMA