KUALA LUMPUR: The economic momentum initiated by the Barisan Nasional (BN) government must be maintained to continue attracting foreign investments and ensure certainty in policy-making, MIC strategy director S Vell Paari said yesterday.
For Malaysians to continue to reap
the fruits from BN’s economic initiatives, Prime Minister Datuk Seri
Najib Tun Razak’s administration should be given a fresh mandate in the
upcoming General Election, he told Bernama.
This would also go a
long way in providing certainty which was a vital ingredent on which the
local business community relies, said Vell Paari, who is also a
businessman.
“It is important to have political stability to
continue to attract foreign investment and equally important to ensure
that the business community is assured of continuity and certainty,” he
said.
Vell Paari said Malaysia’s economic growth had been very
steady, mainly driven by the proactive initiatives and implementation of
various programmes by BN under the Economic Transformation Programme
and Government Transformation Programme.
“As a nation, I think it
is important to benchmark ourselves with other nations of similar size
of economy to see that we have been doing extremely well despite the
struggling US economy and the current ongoing challenges in Europe which
affect Asia’s economy as a whole,” he said.
Moving forward, Vell
Paari, who is also the son of MIC’s longest-serving president Datuk Seri
S Samy Vellu, said the elected government had to gradually move towards
the highly innovative technology sectors in a bid to transform Malaysia
into a high-income nation.
“We have to be able to attract and
retain top talents especially local talents,” he said, adding there was
also a need to change the mindset to become competitive and be less
dependent on government subsidies.
Vell Paari owns Tamil Nesan,
one of the largest Tamil language newspapers in Malaysia, and controls
Australia-based OKA Motors Co through its holdings company, Reymer Pty
Ltd.
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