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

Feat Image Death Feat Image Death
News3 hours ago

18yo Teen in Penang Dies from Electrocution While Charging His Smartphone Using Socket on Express Bus

A teenager has tragically died in Butterworth, Penang, after he was electrocuted while charging his smartphone using a socket onboard...

Feat Image Twin Tower Feat Image Twin Tower
News6 hours ago

M’sian Activist Urges KLCC Twin Towers be Renamed “Sabah & Sarawak” in Honour of The Borneo States

Malaysian activist and founder of Saya Anak Sarawak (SAS) Peter John Jaban has urged for the KLCC Twin Towers to...

Collage 13 Collage 13
News6 hours ago

“They’ve been here over 3 months” – Foreign Beggars at Johor Pasar Malam Make up to RM12,000 a Month

Foreign beggars are making up to RM12,000 a month at a night market in Johor. In an official statement by...

Feat Image Parking Fine Feat Image Parking Fine
News8 hours ago

M’sian Vehicle Owners with Unpaid Parking Fines Face CTOS Blacklist as They’re Now Added to The System

The Miri City Council (MCC) has introduced a new measure to ensure that vehicle owners in Sarawak’s second-largest city adhere...

Feat Image Arrest Feat Image Arrest
News9 hours ago

Thai Police Arrests Famous Kelantanese Female Celebrity at Golok Hotel for Possession of 6,000 Meth Pills

A popular Kelantanese female singer was arrested by the Thai Police at a hotel in Golok, Narathiwat, north of the...

Collage 12 Collage 12
News11 hours ago

Kelantan Govt Says Cinemas in the State Must Play Movies With Lights On to Prevent ‘Unhealthy’ Activities

After a few decades, Kelantan remains one of the states in Malaysia that don’t have cinemas. The state government, however,...

Feat Image Indo Ban Pixel Feat Image Indo Ban Pixel
News1 day ago

“Who’s next?” – After Apple iPhone 16 Series, Indonesia is Now Banning Google Pixel Smartphones in The Country

Previously, we shared how Apple’s latest flagship smartphone series, the iPhone 16 Series, is currently banned from being sold in...

Feat Image Bnm New Rule Feat Image Bnm New Rule
News1 day ago

Bank Negara Now Requires All Money Changers in Malaysia to Record Full Name & IC Number of Customers

If you’re planning on visiting your local authorised money changer before that overseas trip to change Malaysian Ringgit banknotes to...

Announcement

Latest Videos



TRENDING TODAY