Recent global economic developments such as the slow down in the USA, weaker demand growth in Europe and Japan and the rise in inflation owing to escalating energy and food prices are issues of concern not only to Malaysia but globally as well. Prospects of the world economy in 2008 have become increasingly uncertain and challenging. Malaysia being an open economy in which international trade constitutes more than 200 percent of gross domestic product (GDP) is not insulated from these global headwinds.

Given the prevailing circumstances, we must continue to remain vigilant to emerging developments and respond appropriately to stay competitive. MASSA is committed to support our Government as they undertake policy reviews to make the necessary adjustments, while ensuring that consumers are not too burdened and businesses receive adequate support to remain competitive given such challenging times.

I take this opportunity to congratulate Y Bhg Dato’ Jalilah Baba, the Director General of Malaysian Industrial Development Authority (MIDA), who recently took over the helm at MIDA on 15 June 2008. We look forward to further strengthening MASSA’s cooperation with her esteemed colleagues at MIDA in our cross border activities and programmes.

We appreciate very much the support and cooperation of MASSA members and look forward to their active participation in MASSA’s programmes and activities.

TAN SRI DATO’ AZMAN HASHIM
President