What does this mean ?• Competition will be intense• Malaysia will be challenged – Within ASEAN, China• Traditional markets will not look as good• This will impact our personal income – How will organizations pay your salaries if their incomes are reduced• Can we become a higher income nation ?• Do we produce a new generation of leaders that can compete globally ?
Where is Malaysia’s wealth?• Services (56%) – things we sell to ourselves• Manufacturing (28%) – things we sell outside – but which MNC really keep for themselves. No distribution of income. – The buyers don’t have much money anymore – Cheaper places to manufacture• Agriculture (7 %) – That thing call Palm Oil• Government – They make things stay afloat by pumping money into the economy . But how long can this go on ?
Nasi Kandar (late 19th Century)What is your Value ? Do youknow it ?
Indonesia – 250 million Philippines – 96 million Vietnam – 90 million Thailand - 70 million Myanmar – 49 million Malaysia – 29 millionASEAN - Where will we be ?
What do we have ?• Stable Government – Yes elections is coming . So ? – The Art of Progress is to preseve order amid change and to preserve change amid order (Alfred Whitehead)• Versatile and Open community• Big savings = Capital• Good Infrastructure