Malaysian International Chamber of Commerce and Industry president Datuk Tan Cheng Kiat speaks during the National Economic Forum 2019 in Kuala Lumpur August 29, 2019. — Picture by Shafwan Zaidon
“Anyone who thinks that there is no politicking in the government, please raise their hands,” he asked next, and watched as all 600 hands dropped immediately. The industry captain noted that Prime Minister Tun Dr Mahathir Mohamad’s unclear time frame for his succession plan has an adverse psychological impact on the business community.
His observation was echoed by the National Chamber of Commerce and Industry of Malaysia president Tan Sri Ter Leong Yap who pointed out that neighbouring Indonesia got its act together within 100 days of concluding its general elections. “So why not, all parties in Malaysia wait for three to four years later to talk about politics and work together as a team to address current issues that needs urgently addressed especially with world economic situation that’s really pressing,” said Ter.
“The key problem is shortage of labour. A lot of businesses have orders that they cannot do, they can’t supply because of labour shortage. If the industry can do better, we can contribute more to taxes since 24, 25 per cent of what we make goes to the government.
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