fbpx
Connect with us

News

Dr Mahathir Says Malaysia is Successful Thanks to Chinese Business Community

Published

- World Of Buzz
Source: The Sun Daily

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Prime Minister Tun Dr Mahathir Mohamad certainly is back to take matters into his own hands when the PH alliance won the 14th general elections a few months ago. However, he is also humble enough to acknowledge those who have contributed to making Malaysia what it is today.

Today, Dr Mahathir said in a speech that Malaysia’s success is attributed to the contributions of the business community, particularly those from its ethnic Chinese community, according to Malay Mail.

He commended the Associated Chinese Chambers of Commerce and Industries of Malaysia (ACCCIM) at their 72nd annual general meeting and said that they were the driving force behind generating wealth in Malaysia.

20180720 Dr M Acccim 02.Jpg E1532072308250

Source: malay mail

“Our country is what it is today because of the contribution from the business community, especially the Chinese community because they are dynamic in many ways,” he said.

“It is the business community which creates wealth in any society, in any country, and there is no doubt that ACCCIM along with the Chinese community as well as other communities have contributed much to the development of the country.”

Dr Mahathir mentioned that it was former Penang chief minister, the late Tun Dr Lim Chong Eu who helped bring in foreign direct investment (FDI) into the country, and had visited European nations to encourage businesses over there to invest in Malaysia.

He said that Lim, who had served from 1969 to 1990 and was dubbed the “architect of Penang”, was key in turning the state into the country’s electronics and electrical manufacturing hub.

“Foreign direct investment is important as they can help bring in new skills, new technological know-how that can help the country,” Dr Mahathir said.

He also explained that small nations who presented themselves when bigger countries engaged in trade wars had a lot of opportunities for growth.

“Even trade wars between big nations may provide new opportunities,” he said, alluding to the current fight between the US and Asian superpower China.

“As they cancel each other out, it may lead to new places, new partners with whom to trade or build new relevant facilities to produce or manufacture goods.”

As his speech came to a close, Dr Mahathir called on the business community to help close the income differences, reminding them that social-economic strife would be damaging to their businesses.

Huge wealth disparity between the rich and the poor could lead to tension and instability, which is not good for business. Everyone must have a share of the wealth of the country,” he said.

He added that a collaborative effort would be needed to lessen the income disparity and for everyone to share in prosperity.

 

Also read: Dr M Says He Can’t Always Be Popular as the ‘Mahathir Factor’ Won’t Last Forever

Dr M Says He Cant Always Be Popular As The Mahthir Factor Wont Last Forever World Of Buzz E1532072730747

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 89 Collage 89
News13 hours ago

Johor Government May Implement a 4.5-Day Workweek in the Near Future

A 4-day workweek sounds ideal, but a 4-and-a-half day workweek doesn’t sound bad either. Johoreans may be in luck next...

My Post 1 2024 11 21T160023.537 My Post 1 2024 11 21T160023.537
News14 hours ago

“UPSR get D, SPM can get A” – PMX Responds to BERSIH Giving Him a Grade D in ‘Report Card’

Prime Minister Datuk Seri Anwar Ibrahim has opened up about BERSIH’s ‘report card‘ on his administration’s performance in conjunction with...

My Post 1 2024 11 21T114442.032 1 My Post 1 2024 11 21T114442.032 1
News18 hours ago

PDRM is Offering 60% Off Selected Traffic Summons at Govt’s 2nd Anniversary Event This Weekend!

In conjunction with the MADANI government’s 2nd anniversary on 24 November (Sunday), the Ministry of Home Affairs of Malaysia (KDN)...

Collage 17 1 Collage 17 1
News2 days ago

MCPF Calls for Vape Ban, Warns Addiction to Substances Can Lead to Unhealthy Behaviours Like Theft

The Malaysian Crime Prevention Foundation (MCPF) is urging for the sale of e-cigarettes or vape devices to be banned or...

Feat Image Lesen Feat Image Lesen
News2 days ago

Anthony Loke: Road Users in M’sia May Have to Pay for Physical Driving License Cards Starting Next Year

Transport Minister Anthony Loke Siew Fook today iterated that the Government will continue with the implementation of digital driving licenses...

Collage 15 2 Collage 15 2
News2 days ago

Filipino Couple Caught Living & Working Illegally in Malaysia Using Fake MyKads That Cost RM250 Each

A Filipino husband and wife were arrested during a raid on November 19 at a house in Pandan Indah yesterday...

Feat Image Apple Ind Feat Image Apple Ind
News2 days ago

Apple Offers to Increase Investment in Indonesia Tenfold to RM446 Million to Lift Country’s iPhone 16 Series Ban

Previously, we shared how the Apple iPhone 16 Series is banned from being sold in Indonesia until the tech giant...

My Post 1 2024 11 20T144359.263 My Post 1 2024 11 20T144359.263
News2 days ago

BERSIH Names Ismail Sabri the Best PM Since 2009, Calls Out PMX for Lack of Urgency with Reforms

In conjunction with the upcoming 2nd anniversary (24 November) of Anwar Ibrahim’s administration, The Coalition for Clean and Fair Elections,...

Announcement

Latest Videos



TRENDING TODAY