PUTRAJAYA needs the private sector’s cooperation to tackle new and pressing economic challenges in the country, Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed said.

He said a “whole of nation” approach is required for Malaysia to achieve its goal of becoming a high-income nation by the end of 2025, amid global challenges in the form of geopolitical unrest as well as the effects of climate change.

“This has led to extreme and unpredictable weather conditions that has resulted in high commodity prices and supply chain disruptions.

“I urge the private sector to play a more active role in driving socio-economic progress for our people and our beloved country,” he said at the Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) dinner in Kuala Lumpur.

Mustapa said the government can react to challenges as they come, but together with the private sector, the country will be able to proactively and preemptively deal with future challenges.

Meanwhile, KLSCCCI today launched its second publication, Outstanding Entrepreneurs 2.0 – A Heritage of Wisdom, which features the experience and success stories of 21 entrepreneurs nationwide.

KLSCCCI president Ng Yih Pyng said the book recognises the remarkable achievements of outstanding entrepreneurs in their respective fields. – Bernama, June 8, 2022.