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Political stability needed to secure country's assets, says Najib
KUALA LUMPUR: The country's assets and wealth would remain secure if the people are willing to work together in ensuring continued political stability and certainty, said Datuk Seri Najib Tun Razak.
The Prime Minister said that the absence of such stability may pose a threat to Malaysia's wealth.
"We've worked very hard to accumulate much assets and wealth in this country but they can decline or even evaporate if we don't work together to ensure political certainty and stability in this nation," he said.
Najib said this in his keynote address at the 66th annual general meeting of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) here, today.
Attending his first engagement since arriving home from Saudi Arabia at about 1am today, the prime minister stressed that political stability was important as it could influence business and market confidence.
Najib and his wife, Datin Seri Rosmah Mansor, were in Saudi Arabia to pay their last respects to Crown Prince Nayef bin Abdul Aziz Al Saud, 77, who died at a Geneva hospital on Saturday.
The couple also performed the 'umrah' (minor haj) during the visit.
The prime minister told the ACCCIM event that any form of instability or uncertainty would lead to greater business risks.
He cited financial predicament within the Eurozone, economic slowdown in the United States as well as political uncertainty in other regions as reasons for Malaysia to be more resilient economically.
Such developments made it necessary for the country to engender business and market confidence, he said.
Najib also called for cooperation from the private sector in ensuring that the country's resilience was further strenghtened to face challenges in a stormy global economy.
He said their participation was also pivotal in enabling the country to further embark not only on its transformation journey but also ensuring that real changes were implemented.
Najib reiterated the government's pledge to providing better business opportunities as well as a better life for all Malaysians.
"We haven't promised what we can't deliver," said Najib. -- BERNAMA