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Monday, November 3, 2008

'Unite, have determination to face economic uncertainties'

Malaysians must be united and have a strong sense of determination to face economic uncertainties, Datuk Seri Abdullah Ahmad Badawi said.

Stressing the importance of the rakyat having faith in the country’s economy and its ability to weather global challenges, the Prime Minister said this is not the time for anyone, particularly civil servants, to isolate themselves as it would only weaken their spirit and confidence.

“This is not the time to be lacking in confidence as it will affect our work. We must have a strong sense of determination and work together as one.

“We should not be overly concerned about the country’s economic climate. We should be objective and confident of its strength and ability to remain resilient and continue to be attractive to investors.

“We should not get too carried away with our concern. Have faith in our economy,” he said Monday at the monthly gathering of the Prime Minister’s Department.

Also present were Deputy Prime Minister Datuk Seri Najib Tun Razak and Chief Secretary to the Government Tan Sri Sidek Hassan.

He said the country’s economic fundamentals are still strong and the ringgit’s stability does not raise concern about the country’s security.

“Our banks and banking system are still solid and we hope to see them continue to provide loans so that there can be continued progress and development in the country,” he said.

The Prime Minister said Malaysia continues to attract both local and foreign investment, especially with an efficient implementation and administrative system in place. He said the country has an advantage in attracting foreign investors because of the Government offers political stability, which in return brings about progress and prosperity.

“Furthermore, there are still areas and sectors that can be developed such as tourism, Islamic banking and insurance.

“More measures will be taken to spur the economy which will be announced by Deputy Prime Minister (Datuk Seri Najib Tun Razak) in Parliment Tuesday,” he said, adding that the priority would be implementing what has “direct and quick” benefit to the rakyat.

Abdullah said it is the duty of civil servants to convince investors that doing business in Malaysia “is a breeze”, where they need not face red-tape and bureaucracy.

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