The local business community has given its endorsement for the Cabinet line-up, saying it reflects Malaysia’s commitment for strong economic development.
3rd December 2022
Associated Chinese Chambers of Commerce and Industry of Malaysia (Acccim) treasurer-general Koong Lin Loong believed that the list of ministers, especially those holding the three most crucial posts – Finance, Economy, and International Trade and Industry, would give a positive message to foreign investors and fund managers.
“Generally, we welcome the announcement because businesses need political stability.
“Foreign investors would have confidence in investing in Malaysia only if we have political stability, and this message can be seen from the list of the Cabinet ministers,” he said.
Malay Chamber of Commerce Malaysia president Dr Abdul Halim Husin said Prime Minister Datuk Seri Anwar Ibrahim’s experience as former finance minister, aided by Rafizi Ramli as the Economy Minister, would help give the right push for the economy.
“We welcome our Prime Minister as the finance minister because of his vast experience in the Cabinet before and, with help from those such as Rafizi, will foster the nation’s economic growth,” he said.
Meanwhile, Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry president Nivas Ragavan called on the Cabinet to implement and fulfil needs-based policies across all races and religions.
He said all ministers should play a role for the Malaysian agenda instead of representing their respective religion, ethnicity or territory.
“We have another few years for the 12th Malaysian plan to be completed, so a proper development and implementation of needs-based affirmative policies that have been announced and committed earlier should be implemented without marginalising any race and religion in this country.
“We can see that there are a lot of allocations for Sabah and Sarawak.
“They are able to have autonomous representatives, so they will be able to get their needs met,” he said.