00:00Ladies and gentlemen, to address the challenges faced by MSMEs, the government under the 13th
00:12basic plan is prioritising efforts to help this enterprise move out of the value chain.
00:18Scaling will be supported through strategic partnerships with government-led companies
00:22and initiatives such as the Strategic Investment Fund, working capital enhancement, project
00:29financing, and capacity-building programmes.
00:32The government will support MSME through targeted interventions such as logistic systems, certification
00:39facilitation, and facilitating better access to export markets.
00:45I believe one of the emerging strengths of our nation lies in our people, especially the
00:53younger generation, who are willing to invest their time and talent to address challenges
00:59in our era.
01:01Many are eager to be agents of change, actively contributing through education, research,
01:08and social-economic initiatives, including those undertaken by think tanks such as MIDR.
01:15Many are part of a new generation of entrepreneurs emerging with mindset like those of the past.
01:22technology not only expands their market reach and visibility, but also elevates their entrepreneurial
01:31potential.
01:33They run restaurants with innovative and creative menus, localized global innovation to fit with
01:38its unique context and culture, and demonstrate how even a simple Sambal product can be transformed
01:45into a multi-millionaire business.
01:48Beyond the government support, as I mentioned, the private sector is very important in funding
01:56and also plays a critical role in enabling entrepreneurs to innovate and scale their businesses.
02:02To remain effective, funding institutions themselves must continue to innovate in developing effective solutions and
02:10approaches to risk management that keep pace with rapid developments in business and technology.
02:17As we move forward, let us remember that innovation is not the work of a few, but the collective effort of the nation.
02:24Whether through government policy, private enterprise, or community initiative, every contribution matters.
02:33By embracing creativity, collaboration, and technology while remaining guided by strong values,
02:39human purpose, Malaysia can move confidently forward towards becoming a truly innovative-driven economy.
02:49Together, we can shape a future where progress is inclusive, sustainable, and uniquely our own.
02:59Once again, a huge applause to the young woman senator.
03:03I will get someone.
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