As 2013 unfolds, we continue to see economic challenges on many fronts.  This has become the “new” normal and will be a constant part of the economic landscape going forward.  In 2012, global economic growth moderated, despite the weakened and fragile economic conditions in the United States and European Union.  These economies consequently affected international trade and emerging economies growth.

The Malaysian economy performed better than expected recording a strong growth of 5.6% driven by higher growth in domestic demand, higher consumption and investment spending, amidst low inflation environment and supportive financial conditions.  Investment spending was also attributed to the commencement and ongoing progress of infrastructure projects especially those under the Government’s Economic Transformation Programme (ETP).

The Malaysian economy in 2013 is expected to remain on a steady growth path, with an expansion of 5%-6% in 2013, barring unforeseen circumstances.  This will be anchored on the continued resilience of domestic demand and private investments.

MASSA, in keeping with the electronic and internet age, will upload MASSA News electronically onto its website at www.massa.net.my.  Our maiden issue is still work-in-progress, as we migrate from print to electronic media.  This will also be our contribution to  reduce our carbon footprint by going digital.  We welcome members’ feedback on this issue.

Emerging fresh from the 13^th General Election of Malaysia held on 5 May 2013, we congratulate our Prime Minister, YAB Dato’ Sri Mohd Najib Tun Abdul Razak, for being given a fresh mandate to govern the country for a new term.  As corporate Malaysia, we believe there will be continuity in terms of economic policies, along prudent fiscal management, focusing on the sustenance of growth and facilitating long term economic transformation plans.  With this, we look forward to synergizing private sector’s efforts with our Government to contribute towards Malaysia’s aim to become a high-income nation that is both inclusive and sustainable by 2020.

TAN SRI AZMAN HASHIM
President