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Keluarga Malaysia Welcomed, Cross-Party Stability Pact Necessary

Kuala Lumpur, The Malaysia-China Chamber of Commerce (MCCC) and Dewan Perdagangan Islam Malaysia (DPIM) welcome new Prime Minister Datuk Seri Ismail Sabri Keluarga Malaysia approach but remind that it can only be materialised with a cross-party pact that ensures political stability and improves policy governance through parliamentary reform and a Federal-State Council on Economic Recovery and Health that includes the opposition, state governments, experts and stakeholders from businesses and society.

MCCC and DPIM call upon Datuk Seri Ismail Sabri to continue former Prime Minister Tan Sri Muhyiddin Yassin's effort to reach a cross-party peace plan with the Opposition with an even bolder package. We also urge the 105 Opposition MPs in PH, Warisan, Pejuang, PSB, UPKO and MUDA to take a pragmatic approach in considering any offer from the new government.

MCCC and DPIM stress that Malaysia needs a cross-party pact to both sustain the government for a minimum of 12-18 months and significantly improve the quality of policymaking and implementation. Without political stability and better governance, Malaysia will lag behind neighbouring countries in the post-Covid 19 recovery, which may push back our economic strength by one generation.

MCCC and DIPM underline that Malaysia’s pandemic and economic policies have been hampered by two structural weaknesses stemmed from narrow policymaking by key ministers and top civil servants, which excludes the opposition, state government, business and civil society. This was made worse with the suspension of the Parliament under the Emergency. First, with a narrow political base, needs and concerns are not adequately taken into account, resulting in policy blind spots, incoordination and flip-flops. Second, without opposition parties sharing the political responsibility, the Government failed to impose necessary but unpopular policies or enforce them consistently.

MCCC and DPIM urge for the setting up of Parliamentary Special Select Committees to provide legislative oversight on every ministry, and to allow multiple entry points for voices of businesses and society to be considered. It is equally to set up a Federal-State Council (FSC) on National Recovery council in charge of public Health and Economic recovery that should involve the Federal Government, Federal Opposition, State Governments as well as experts and stakeholders in the private sector and various established national chamber of commerce to improve quality and coordination of economic and pandemic policies. Chaired by PM with Parliamentary Opposition Leader as the deputy chair, with all 13 MBs/CMs, this would send a clear message to the market that the political stalemate is over.