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Three Economic Concepts to Propel M'SIA - Najib - Najib Razak

Three Economic Concepts to Propel M'SIA – Najib

By Saturday March 28th, 2009 No Comments

KUALA LUMPUR, March 28 (Bernama) — Umno president Datuk Seri Najib Tun Razak has outlined three economic concepts in an effort to lay a stronger foundation for the country in facing the faltering economy.

The Deputy Prime Minister and Finance Minister said the concepts — high value, innovation based economy, and productivity and creativity — would propel the economy to greater heights.

“Prime Minister Datuk Seri Abdullah Ahmad Badawi has always stressed the importance of adding value, but I feel that adding value should be matched with high value economy,” he said in his winding-up speech at the Umno general assembly at the Putra World Trade Centre here today.

He said among the high value economy which could be taken up by entrepreneurs were the lucrative bird nest, seaweed and ornamental fish enterprises.

Najib said the bird nest enterprise could be carried out on idle land especially in the east coast of the peninsular while the seaweed harvest could be exported to Japan and other countries.


The Deputy Prime Minister said a successful local ornamental fish company was listed in Bursa Malaysia.

On the innovation based economy, he said this was the second most advanced economy after the knowledge based economy.

Effort must be garnered to ensure that the people could capitalise on the innovation based economy including by introducing it in school, he added.

Touching on issues raised during debate on the motion on economy, he said directors of government-linked companies were appointed based on their ability and whether they would add value to the companies.

In line with Umno’s pledge to improve the economic standing of the Malays, he said the government would be listing more Malay companies when the economy recovered.

Source : Bernama

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