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KLMCC Pledges Support For New Economic ModelKUALA LUMPUR, April 2 (Bernama)
KUALA LUMPUR, April 2 (Bernama) -- The Kuala Lumpur Malay Chamber of Commerce (KLMCC) onFriday expressed its support for the New Economic Model (NEM) announced byDatuk Seri Najib Tun Razak.
KLMCC President Datuk Syed Amin Aljeffri said KLMCC waswaiting for the implementation details and will study it.
"We will support mechanisms that are feasible andapplicable, especially the privatisation of government-linked companies(GLCS)," he said.
The NEM, aimed at transforming the country into ahigh-income nation that is sustainable and inclusive with all Malaysianscontributing and benefiting from the economic growth, was unveiled by Najib onTuesday.
The corporatisation and renaming of Malaysian IndustrialDevelopment Authority to Malaysia Investment Development Authority (MIDA) willhelp to boost the economy by attracting more foreign investments into thecountry, Syed Amin said.
He said this during a press conference on the FirstAnnual Small and Medium Enterprises (SMEs) Software Technology Conference andExhibition (SESTECH 2010), here.
"MIDA has done quite well in the past few years andhas earned accolades from different parties. So, it is credible and the mostsuitable agency to carry out the mission.
"Prior to this, MIDA pinpointed on the manufacturingsegment. But I am confident that through corporatisation and renaming, it willexecute its role as an investment promotion agency effectively," he said.
Speaking to Bernama later on the issue of rent-seekingand patronage, Syed Amin said he strongly supported the Prime Minister's actionto eliminate any unhealthy practises.
Meanwhile, on the SESTECH 2010 scheduled from April27-29, he said the event was aimed at encouraging SMEs to deploy InformationCommunication Technology (ICT) in their businesses to elevate theircompetitiveness in the global market.
"We hope the percentage of adaptation of ICT amongSMEs will increase to 35 per cent from 25 per cent currently through theSESTECH 2010," he said.
SESTECH 2010 will showcase and display a series ofsoftware solutions from different participant.-- BERNAMA
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