Soong said the federal government has introduced the economic stimulus packages to stimulate growth, with a focus on human resources development to make workers “more productive, effective and innovative”. The government has also abolished policies not conducive for investment, such as the 30% bumiputra equity and requiring approval from the foreign investment committee, he added.
The half-day seminar aimed to create public awareness on the federal government’s first and second economic stimulus packages to help business communities and industries weather the current global economic crisis.
Federation of Malaysian Manufacturers (FMM) vice president Dato’ Dr Ir Andy Seo Kian Haw spoke on how to speed up delivery of financial support from the government departments, while organisation development expert Kam Lian Hooi explained how to make the best out of the support provided by the government and the private sector. The talk was earlier officiated by State Gerakan chairman Dato’ Dr Teng Hock Nan.
About 100 people attended the talk, including State Gerakan Wanita chief Ng Siew Lai and representatives from industries and the business community.