00:00My view is that as the country charts our next wave
00:05What's next for my industry?
00:08It depends on the industry group
00:14Some of them have sent a long view
00:18Some of them also gave suggestions through representatives' meetings
00:27But platforms such as SLU
00:32Can bring together the government and industry
00:41And it doesn't stop here
00:43Like the tourism industry
00:47Gave a long list of rules that need to be improved
00:53To facilitate the tourism industry
00:55After that, the Ministry of Economy, Ministry of Tourism
00:59Will continue to focus on these issues as an ongoing process
01:04But in my view, the need for SLU
01:09To harmonize with the industry
01:13They need to understand the government's plan
01:16And also the government's policies
01:18We as a government, in disseminating the foundation
01:21We also need to understand their needs and interests
01:25And this will enable RMK13
01:28When it is well-informed
01:32From the top-down
01:34What the government needs to do
01:36And where we want to bring the economy and society
01:40And bottom-up
01:41Meaning, these are the things that are needed
01:44By the stakeholders, including the industry
01:47For them to work together with the government
01:51So I think this is the last SLU-Industry
01:54I would like to thank everyone present
01:59From the industry
02:01And continue to build good cooperation
02:04Between the government and the private sector
02:07So that the government is not alone
02:10In making the foundation and laws
02:12And likewise, so that the private sector
02:15When they understand the needs and interests of the 7 governments
02:20They can adjust their plans
02:22To take advantage of the government's foundation
02:25In your opinion, why did you say RMK13
02:28Doesn't want to be an incentive book
02:30What does it mean?
02:32No, it's not like that
02:34I don't know, you guys are too young
02:37When I was young
02:39This was about 20-30 years back
02:41What is the importance of RMK13?
02:45Because people remember
02:47Our culture back then
02:48The 5-year plan of Malaysia
02:50Was based on projects
02:52Which projects, how many billions
02:55So there was an opinion of the people
02:59Or the players in the industry
03:02That RMK, the 5-year plan of Malaysia
03:08Was actually a waste of the government's budget
03:13Actually, no
03:14It's actually a list of basic things
03:18That we need
03:20To change the structure
03:25And this structure
03:27Is heavily influenced by
03:30Behavior
03:32For example
03:35Our business is able to compete
03:39With small and medium-sized businesses in Jemen
03:42There are many things
03:44Some are based on the foundation
03:46Some are based on our company's ability
03:50These are all behaviors
03:52Some are based on the government
03:54Some are based on the private sector
03:57So the focus of RMK13
04:00Is on the foundation and programs
04:03That we think are needed
04:05To influence
04:08The behavior of the people
04:11Towards a level
04:14That we need as a developed country
04:16It's not, when I say it's not
04:18An incentive book
04:19Most probably
04:21There are many new incentives
04:23That need to be introduced
04:24But those incentives
04:26Are not just about
04:28Distributing money and projects
04:31Those incentives will be built
04:33Around the foundations
04:35That we need to pivot
04:38In order to facilitate
04:40The behavioral change that we need
04:42In our economy and our society
04:45Okay?
04:46Maybe you can talk a little bit
04:47About the government's commitment
04:49To focus on enabling policies
04:51To?
04:52Enabling policies from the government
04:54As Dwai Bek said
04:56During the Q&A session
04:58The government is committed
05:00To prioritizing enabling policies
05:02Rather than providing direct intervention
05:04To the government
05:06If we look at our current economic status
05:09Our economy has been affected
05:11By the service sector
05:13We are also aware
05:15That in order for us
05:18To move to the next level
05:21We need technology
05:23And a high level of expertise
05:25That's what we heard
05:27About the SME challenge
05:30How they want to go up
05:32And so on
05:34All of this requires
05:37Intervention
05:38That is encouraged
05:39By each industry
05:41But
05:42This industry
05:43When it wants to move
05:44To a higher level
05:46Part of it is because
05:48There are regulations
05:50That are changing
05:51Part of it is because
05:53There is no basic support
05:55If the government does not say
05:57This matter will be given
05:58To the government
06:00It will be difficult
06:01To move in that direction
06:02Because
06:03It feels like a lone ranger
06:04So
06:05Basic support is needed
06:07Part of it is also
06:08Incentive
06:10So when I said
06:11We want to focus
06:12On enabling the ecosystem
06:15Once again
06:17Like I repeated earlier
06:18It deviates from the mentality
06:20That the government
06:22Spends money
06:24To create projects
06:26To be distributed
06:28What should happen
06:31In the next 5 years
06:33Is that the government
06:34Helps and supports
06:38This development
06:39Which is actually
06:40Supported by
06:41Corporations and private sectors
06:43But the government
06:44Has a role
06:45From the three things
06:46One
06:47From the regulation
06:49Which makes it easier
06:50Second
06:51From the basic support
06:52These things need to be clear
06:54The government will support
06:56And the third
06:57Investment and incentive
06:59Must be adjusted
07:01To create
07:03The ecosystem
07:05It also means
07:08We are deviating
07:09From the way
07:11In the past
07:12The dependence on
07:14Public investment
07:16Was too big
07:17And
07:19Industry
07:20Or the economy
07:22Became the second priority
07:24The government
07:26Spent 400 billion
07:27For 5 years
07:28So the corporations
07:30Look at what they want to spend
07:32And invest there
07:33It shouldn't be like that
07:34Actually let the private sector
07:37Move ahead
07:38But we work
07:39And we use
07:40Public resources
07:41To lift them up
07:43Which is quite a
07:44Different shift
07:45That we need to do
07:46In the next 5 years
07:47Okay, thank you
07:56Thank you
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