ID :
72594
Tue, 07/28/2009 - 17:15
Auther :
Shortlink :
https://oananews.org//node/72594
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DPM SHARES MALAYSIA'S EXPERIENCE IN TACKLING ECONOMIC CRISIS WITH AFRICA
From Newmond Tibin
MUNYONYO (Uganda), July 28 (Bernama) -- Deputy Prime Minister Muhyiddin
Yassin has shared with Africa, the Malaysian way of tackling the global economic
and financial crisis.
Equipped with the experience of overcoming the 1997/1998 financial crisis,
he articulately outlined, Malaysia's engine of economic recovery at an
intervention session at the ongoing Global Smart Partnership Dialogue, here.
The event was attended by heads of government, including the Ugandan
President Yoweri Museveni and other smart partners.
Muhyiddin said the Malaysian government had implemented proactive steps by
introducing stabilisation measures and an economic stimulus package of US$16.76
billion, to mitigate the effects of the current global economic downturn.
He said the proactive measures, among others, are aimed at reducing
unemployment while increasing employment opportunities and easing the burden of
the people, particularly the vulnerable groups.
"We also want to assist the private sector in facing the crisis and
building economic capacity for the future," he added.
Muhyiddin said the government had also announced liberalisation measures for
the financial sector and 27 services sub-sectors, involving health, social
services, tourism, transport, business services as well as computer and related
services.
He said the objectives of the liberalisation measures was to create a
condusive business environment to attract more investment, bringing in more
professionals and technology as well as to strengthen competitiveness and create
a higher value in employment opportunities.
"We also established a National Economic Advisory Council, chaired by
the Prime Minister.The Council meets regularly to deal with all global
issues as well as develop measures to tackle those affecting the economy,"
he highlighted.
In an effort to realise Vision 2020, he said Malaysia believed that
knowledge management stood as an effective tool to enhance the delivery of
services for the citizens of the country.
"In this respect, Malaysia has developed the Key Performance Index (KPI),
aimed at reducing bureaucratic red tape, as the basis for measuring the
effectiveness of the public services performance," he said.
Apart from that, Muhyiddin said the government had established
PEMUDAH, a task force to address bureaucracy in business-government dealings,
thus enhancing the cooperation between the public and private sectors.
"It also further facilitates the private sector in business operations," he
explained.
On regional economic cooperation with other countries of the Association of
Southeast Asian Nations (ASEAN), he said to date the grouping had implemented
Free Trade Agreements with China, Korea and Japan.
Muhyiddin added that having clear and transparent governance in the
operation of the global financial market was vital to ensuring an equal
distribution of wealth between the rich and poor.
-- BERNAMA
MUNYONYO (Uganda), July 28 (Bernama) -- Deputy Prime Minister Muhyiddin
Yassin has shared with Africa, the Malaysian way of tackling the global economic
and financial crisis.
Equipped with the experience of overcoming the 1997/1998 financial crisis,
he articulately outlined, Malaysia's engine of economic recovery at an
intervention session at the ongoing Global Smart Partnership Dialogue, here.
The event was attended by heads of government, including the Ugandan
President Yoweri Museveni and other smart partners.
Muhyiddin said the Malaysian government had implemented proactive steps by
introducing stabilisation measures and an economic stimulus package of US$16.76
billion, to mitigate the effects of the current global economic downturn.
He said the proactive measures, among others, are aimed at reducing
unemployment while increasing employment opportunities and easing the burden of
the people, particularly the vulnerable groups.
"We also want to assist the private sector in facing the crisis and
building economic capacity for the future," he added.
Muhyiddin said the government had also announced liberalisation measures for
the financial sector and 27 services sub-sectors, involving health, social
services, tourism, transport, business services as well as computer and related
services.
He said the objectives of the liberalisation measures was to create a
condusive business environment to attract more investment, bringing in more
professionals and technology as well as to strengthen competitiveness and create
a higher value in employment opportunities.
"We also established a National Economic Advisory Council, chaired by
the Prime Minister.The Council meets regularly to deal with all global
issues as well as develop measures to tackle those affecting the economy,"
he highlighted.
In an effort to realise Vision 2020, he said Malaysia believed that
knowledge management stood as an effective tool to enhance the delivery of
services for the citizens of the country.
"In this respect, Malaysia has developed the Key Performance Index (KPI),
aimed at reducing bureaucratic red tape, as the basis for measuring the
effectiveness of the public services performance," he said.
Apart from that, Muhyiddin said the government had established
PEMUDAH, a task force to address bureaucracy in business-government dealings,
thus enhancing the cooperation between the public and private sectors.
"It also further facilitates the private sector in business operations," he
explained.
On regional economic cooperation with other countries of the Association of
Southeast Asian Nations (ASEAN), he said to date the grouping had implemented
Free Trade Agreements with China, Korea and Japan.
Muhyiddin added that having clear and transparent governance in the
operation of the global financial market was vital to ensuring an equal
distribution of wealth between the rich and poor.
-- BERNAMA
