Be more open-minded, non-bumi companies urged
Taking a breather: (From left) Liew, Kuala Lumpur Kepong Bhd
CEO Tan Sri Lee Oi Hian and Datuk David Chua, secretary-general
of Associated Chinese Chamber of Commerce and Industry of Mal
-aysia, sharing a light moment at the congress in Kuala Lumpur
Non-bumiputra companies should be more open-minded, transparent in their policies and understand the mindset and value systems of bumiputra firms, SP Setia Bhd president and chief executive officer Tan Sri Liew Kee Sin said.
This, he said, was so that they could form collaborations with bumiputra companies.
“If we want a portion of the economic cake under the New Economic Model, the so-called Malay portion, and to make sure it is under the 1Malaysia concept, we must also learn to give, to take a step back and live in their culture and mindset.”
He said there were various industries under the NEM that non-bumiputra companies could participate in through partnerships or joint ventures with bumiputra companies.
“There are also a lot of bumiputra institutions today that can help directly and indirectly in your business. We have to think about whether we want to tap into their expertise, financial abilities and have the connection,” he said during a session on “Malay and Chinese Collaboration to Achieve NEM (10th Malaysia Plan)” at the Chinese Economic Congress.
Liew said non-bumiputras “must also learn to share and learn the advantage of what is offered to us”.
“We can’t play political games with them and we need to have a transparent system and be open-minded when dealing with them. We have to be clear in our policy and understand their value systems.”
He said non-bumiputra companies needed to also allow their bumiputra counterparts to tap into their industries before asking bumiputras to provide more liberal policies and open up the so-called bumiputra sectors.
National Economic Advisory Council member Tan Sri Andrew Sheng said Malaysians must think global in order for the country to achieve high-income status.
“The global environment is changing so fast and it is very clear in Malaysia that we don’t have large economies of scale to compete with the giants,” he said.
He said the economic crisis showed that the biggest countries were the best survivors, like China, India, Brazil and Indonesia.
“Foreign investments have to go there as they know that the market is there but they don’t have to come to Malaysia, Thailand and the Philippines,” he added.
Thus, he said, Malaysia would have to be better than the giants in order to attract more investments.
“The 10MP and the NEM are the catalysts to unleash Malaysia’s potential,” he said.