KUALA LUMPUR – The unclear power transition between Prime Minister Tun Dr. Mahathir Mohamad and Datuk Seri Anwar Ibrahim worries the business community and investors.
The President of the Malaysian International Chamber Of Commerce & Industry (MICCI) Datuk Tan Cheng Kiat said that their concerns are founded as the policies of a country will change with the shift of leadership.
“We know that Tun will surrender his power to Anwar when the time comes. However, until today, there is no exact date given for that matter and it is tough for the business community and investors to make future planning.
“We also know that each time the leadership changes, the policies of the country will change too. This increases our concerns,” he said during the the “Forge Business and Government Relations” talk in conjunction with the National Economic Forum 2019 at the Kuala Lumpur Convention Centre (KLCC).
The session was moderated by the Member of Parliament of Jeli, who is also the Chairman of the Special Parliamentary Select Committee on the Budget, Datuk Seri Mustapa Mohamed.
Mustapa also asked if the participants who were also businessmen themselves, agreed with Cheng Kiat’s statement, which witnessed all attendees raised their hands in agreement.
The panellists of the forum were Datuk N. Gobalanrishnan the President of Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), Tan Sri Lim Kuang Sia the Deputy President of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). The panellists also agreed that the political battle in the country has gone overboard and affected the economic growth
“We hope that the political battle in Malaysia can be put to a stop as it seems endless. We, the business community hope that the government can make the changes and pave way for us to conduct business,” said Gobalanrishnan.
The President of National Chamber of Commerce and Industry of Malaysia (NCCIM), Tan Sri Ter Leong Yap whom Mustapa requested to share his opinion on stage on the issue also quoted examples of what happened in Indonesia after their General Election several months ago.
According to him, President Joko Widodo and his contender Prabowo Subianto were willing to put their differences aside to meet and then, focus on developing their country.
“We should forget about our political differences and work together, focus on the bigger picture.
“We can wait for three or four more years to talk about politics as now is the time for us to focus on growing the economy. Measures to settle various several issues are still not resolved.
“In addition, with external pressures such as slow global economic growth and trade wars have also affected the domestic economic growth,” he said.
The National Economic Forum 2019 was organised by the NCCIM. -MalaysiaGazette