Malaysia is also shifting the spotlight to its private sector. Malaysian Prime Minister Najib Razak says the private sector plays a vital role in driving the innovation, creativity and investment needed to boost Malaysia's global competitiveness.
The Prime Minister says the achievement of the country's six percent per annum growth target requires a significant boost in investment. And much of that needs to come from a more dynamic private sector.
But he's also calling for urgent transformation of the private sector. He says research and development expenditure, and technology acquisition should be regarded as essential for long term profit. He also says private businesses must take risks and invest in industries, products and services.