PM: Private partnerships help govt deal with economic uncertainty - MIDA | Malaysian Investment Development Authority
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PM: Private partnerships help govt deal with economic uncertainty

PM: Private partnerships help govt deal with economic uncertainty

20 Jul 2022

The government is implementing various measures to face the challenges of global economic uncertainty caused by geopolitical crises and climate change.

However, Prime Minister (PM) Datuk Seri Ismail Sabri Yaakob said the effort could not be done alone without the cooperation of the private sector to further strengthen the country’s economy.

“Therefore, I would like to call on the country’s large companies to work together to achieve more success for the benefit of the entire nation.

“Such cooperation can help achieve the target of becoming a carbon-neutral nation by 2050, as agreed at the United Nations level,” he said during his opening speech at the launch of the all-new Perodua Alza in Kuala Lumpur today.

The Prime Minister said Tenaga Nasional Bhd is currently working to increase electricity production using clean energy sources, as well as the provision of adequate electronic vehicle charging stations.

He added that, at the same time, Perusahaan Otomobil Kedua Sdn Bhd (Perodua) can take this opportunity by exploring new opportunities such as producing high-quality electric vehicles that Malaysians can afford.

“Both parties can work together to introduce a charge rate that everyone can afford.

“In fact, national telecommunication companies such as Telekom Malaysia Bhd can also open cooperation with both parties to provide data packages that can make it easier for consumers to book vehicle charges online.

“Smart collaboration like this needs to be implemented immediately to address the effects of climate change that is hitting the world,” he said.

Additionally, Ismail Sabri stressed that the agreement between the companies can guarantee the sustainability and sustainable development of the country.

He noted that the government is ready to discuss with the private sector to ensure that the policies or initiatives introduced are in line with the country’s direction.

“I have also recently asked Universiti Pendidikan Sultan Idris which is located in the Automotive Hi-Tech Valley region, to develop a training and research centre, the Centre of Advanced Automotive Research and Training,” he said.

Commenting on Perodua’s achievements, the PM said the government was proud of the success achieved by the carmaker which is now the country’s leading national automotive company since 2006.

He added that Perodua as a national automotive company is responsible for developing the industry through sustainable investment and at the same time strived to improve the capabilities of local companies in terms of quality, technology and productivity.

In fact, he said Perodua also proved its continued commitment to the local automotive sector with the purchase of automotive components of RM7 billion on average annually.

“Profits from the purchase of these local components can be used by local companies to continue to grow their businesses either by expanding operations or investing in new technologies.

“I understand there is a local component company that has become a supplier to the Daihatsu company in Japan.

“This is an achievement that the country is proud of because we usually import components from Japan but now, we are exporting them to Japan. Well done,” he said.

Ismail Sabri also said the stability of cooperation between companies could strengthen the country’s automotive industry and give confidence not only to its customers and employees but also to the government.

Source: The Malaysian Reserve