00:00I don't want to repeat the framework of the civil economy.
00:13Transisor gave an explanation and some new suggestions,
00:18including energy transition, digital transformation,
00:27food security, and these issues are our main focus.
00:39In other areas, the success is based on the level of support from the private sector.
00:50So, in government, we provide a framework, move as fast as possible,
00:58improve existing weaknesses,
01:02ensure that the transition is at a faster and more limited level,
01:07and listen to the views,
01:10and make adjustments where necessary so that the programs run smoothly.
01:18That is the role of the government.
01:20The role of the private sector, aside from providing a view,
01:23is to provide support and encouragement,
01:28as well as confidence, which causes investment to increase.
01:33It is true that we have seen a phenomenal growth
01:38in terms of investments, foreign and domestic,
01:45but I always emphasize the need and recognition to the efforts of our domestic partners
01:52that without the link and the ecosystem built by our domestic enterprise,
02:00it would be difficult to encourage foreign investments into Malaysia.
02:04So, your role is quite pertinent and critical to ensure the success of our economy.
02:11And I believe that with your input, which we will have to take into serious consideration,
02:17where possible, we will be incorporated.
02:20And I have studied some of your proposals for the incoming budget in October,
02:30and I'm sure some of your concerns will be addressed.
02:33Of course, I reserve the right to disagree with some,
02:38otherwise you may feel that you are much smarter than us.
02:42So, I would probably accept most of the proposal's suggestions.
02:53And again, to emphasize the need to make the adjustments required.
02:59And I've always emphasized, my cabinet colleagues would, of course, agree with me that
03:06whilst we would like to encourage the active participation of the private sector,
03:12we in the government must be able to respond, respond positively and fast,
03:19with a speed which is unprecedented.
03:21And as I have reiterated, and I would like to reiterate now,
03:25that in the post-normal times, in the times of chaos and complexity and full of contradictions,
03:35the pace, the speed is essential.
03:42Otherwise, you talk about digital transformation,
03:45but the speed is the speed of the 60s and the 70s.
03:51Like the song Sway, you can guess our age when you start appreciating such songs.
04:03Now, so it is also a challenge to the government.
04:08That's why when you mentioned the need to set up or formulate new policies,
04:17and even setting up, forming the Royal Commission, I'm sorry,
04:24Suranjaya Commission, GEEK, or TVET,
04:32it is something that, of course, we have considered, the cabinet has agreed in principle,
04:38because the new format will ensure that we conduct these new challenging activities in a different manner.
04:48And this is, of course, a challenge during post-normal times.
04:51You can't depend solely on one sector or the government sector or the private sector,
04:57but we will have to work in synergy together to be able to ensure that this programme succeeds.
05:05In some ways, yes, we have succeeded.
05:08And I thank you to Tansi Soh who have identified these areas of success.
05:15But in all humility, I must acknowledge that there are many flaws that need to be adjusted and corrected.
05:24And this is something that we in the government and in the private sector must equally accept.
05:31There are areas that the private sector seems to be rather lackadaisical and slow in making the adjustments.
05:38Similarly, the government must face the challenge in order to affect change and to propel the economy
05:49in the speed that is required to be more competitive and succeed in our policies, plans.
05:58Then we cannot proceed at the pace that we were used to before.
06:05And that's why you see in every single meeting, cabinet, post-cabinet,
06:11various deliberations with the government agencies and departments,
06:16you cannot expect us to succeed and achieve these impressive targets
06:24if we conduct the business of government and the private sector in the old obsolete ways.
06:33This is a challenge that we must recognise.
06:38And I think this series of conversations, dialogues between ministries and the private sector
06:46would certainly assist and ensure that we succeed.
06:53And I have great expectations, great hope, not only in the government services,
07:03but more so in the private sector.
07:05And I would clearly appeal for your continued support and engagement
07:12through research, through your experience, through your suggestions,
07:18how to work together as a team to make Malaysia a successful nation in this part of the world.
07:28We have the capacity, we have the resources.
07:32We have lost some time, yes, but then we should be able to climb up the ladder
07:39at a pace that has been unprecedented and at a pace that could be decisive
07:46in ensuring success for our country.
07:51This is for the future of this nation.
07:53Yes, politically it is stable, but stability is for what?
08:02Stability is not for us to be complacent or to be lulled into complacency.
08:09No, stability is for us to use the opportunity to effect change,
08:14to undertake institutional reforms, to even implement somewhat unpopular policies,
08:24but which is important to secure or to ensure the success of our country.
08:34The unpopular policies include, for example, electricity tariff,
08:39which is not too popular with some of you, or the recent diesel rationalisation,
08:49but it has to be done.
08:50We cannot assume that we can succeed if we are not able to take some tough measures
09:00that's rational economically, difficult politically,
09:05but in order to save the nation and to avoid leakages that we have seen by the billions,
09:15we cannot be able to manage our country well,
09:20and still they use the term, the nomenclature, good governance.
09:25So, we will continue, and I must thank my colleagues,
09:32their preparedness to work together as a team,
09:38and to NCCIM and generally the private sector for your understanding,
09:45and please be assured that we will do whatever is necessary to make Malaysia,
09:59to ensure that Malaysia succeeds and emerges as a great nation in this part of the world.
10:07Terima kasih sekali lagi, penerakan agama.
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