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Friday, February 11, 2011

Don't back opposition, PM warns business sector


The business community was today warned by Prime Minister Najib Abdul Razak that for the sake of their future, they should not take chances by supporting the opposition

Although Najib did not exactly indicate what he was referring to, it was indirectly meant that they should not support Pakatan Rakyat.

"I share your dreams and aspirations (to build the country). What I want to achieve is a tall order, and I am asking you to join me in this quest.

"The journey may be long, but let us take the journey together. This is not the time to experiment and take chances with your future. I am sure you know what I am referring to... business people are always pragmatic and astute," he said.

Najib said this in his speech at a Chinese New Year open house and briefing on the Malaysian Innovation Agency held at SJK (C) Sungai Way in Petaling Jaya. The event was organised by SMI Malaysia.

The prime minister earlier said the government recognised that BN had suffered its biggest defeat in the March 8, 2008 general election, but that the coalition has grown, adapted and changed.

"We (BN) are determined to achieve bigger success in the near future," he said.

“Never did the thought of (BN) giving up ever crossed our minds, as the future of Malaysia is at stake."

Business must change and innovate

The prime minister said Malaysia is facing pressures that it has never faced before.

“Communist countries like China and Vietnam have turned to become more market-driven and capitalistic. Thailand and Indonesia are able to produce goods at a lower price than we can.

“These countries today have what we once enjoyed - a lower price base. We have moved up the ladder and as a result our cost of production has gone up. Our earlier success has placed us in the 'middle trap' where we are no longer competitive on cost. This has affected the livelihood of some of our businesses and they have had to compete fiercely,” he said.

Businesses, he said, must also adapt and change to face the altered business environment.

Najib said to create a different future, we must start to think differently.

“To be truly successful you must do more than adapt, as you must compete in price and also innovate.”

Changing the rules of business and products, one must innovate so your product or service will have added value by adding certain features or removing them.

“By removing we look at Ipad - there is no mouse, it cannot connect to a projector but it costs more than an ordinary laptop computer. Customers are willing to pay more to have certain features removed.”

- Malaysiakini

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