Written by Bella Dalima
10 Dec, 2014 | 9:47 pm
Dr. Mahathir Mohamad, the architect of modern Malaysia, says that a system of coorporation between the public and private sectors, is what led to Malaysia’s success.
The visiting former Malaysian Prime Minister, made this statement in his address at the Hambantota Conclave 2014, on Tuesday evening.
The Hambantota Conclave 2014, was organised to create awareness on the future development plans for the greater Hambantota area and to showcase the city as “Asia’s new city of opportunity”.
The forum saw the participation of a number of political representatives, diplomats and local and foreign investors.Dr. Mahathir Mohamad was the keynote speaker at the event.
Former Prime Minister of Malaysia, Dr. Mahathir Mohamad expressed these views:
“And it was said that this was bad, that the government should not work closely with the private sector. We thought otherwise. Why not? Because the private sector pays tax, and if we help them to make profits, they will pay more taxes. So, we introduced, Malaysia Incorporated, and in Malaysia Incorporated, the government machinery was tuned to help the private sector, to be business friendly. Bureaucratic procedures were reduced to the minimum. We don’t delay things. And because of that more people were willing to invest in Malaysia, because of this attitude of the bureaucrats towards the private sector, we were there to help. And the bureaucrats were told, your pay is being paid by those people.”
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