2007 was a year whose economic growth was driven by strong domestic demand. Given the global uncertainties due to the high oil prices, political tensions in West Asia, sub-prime mortgage dilemma in the United States and global inflationary pressures underpinning the global financial system, Malaysia is expected to achieve a GDP growth rate of 5% – 6% for 2007.

Going forward, 2008 will be a challenging year as we continue to manage the abovementioned risk factors. In this respect, globalisation calls for smart and strategic partnerships to sharpen our competitiveness and business success.

Asia will continue to remain robust, and Malaysia will be bouyed by the optimism underpinning the region. The robust growth of developing economies of China, India and Vietnam will bode well for our Malaysian companies to expand in manufacturing, services or construction related activities in these emerging economies.

MASSA will continue to highlight the emerging opportunities for business linkages in these countries and other regions for the benefit of members.

I would like to thank all our contributors for various interesting articles that have been featured in the four issues of 2007. These include the various Government Ministries and agencies, Bank Negara and also the various Embassies and High Commissions for their country features.

MASSA is grateful for the continuing Government support especially from MITI, MIDA, MATRADE and the Ministry of Foreign Affairs and our Malaysian diplomatic missions in the developing countries.

To all MASSA members and the Executive Committee Members of MASSA, I thank you for your valuable participation and contribution to the Association and wish you and your families Seasons’ Greetings and a Successful 2008.

TAN SRI DATO’ AZMAN HASHIM
President