Greetings and Best Wishes for 2018.

The Malaysian economy in 2017 prevailed in the midst of many challenges, globally and domestically.  The Malaysian Institute of Economic Research (MIER) recently revised its projection for Malaysia’s economic growth for 2017 to 5.6% from its earlier forecast of 5.4%.  This is premised upon  stronger domestic demand and reinforced by stronger external demand and robust exports.  This augurs well for Malaysia going forward. 

The Malaysian Government has embarked on transforming the country’s economy along the path of an innovation-led growth.  This transformation is closely linked to the global evolution spurred by the Fourth Industrial Revolution (or known as Industry 4.0).  Industry 4.0 is bringing about unparalleled changes to production methods and consumption patterns.  It has shown the potential to raise global income levels and improve quality of life through access to the digital world.

The private sector now has a new range of business opportunities brought on by Industry 4.0.  The Digital era has introduced new business enablers, amongst others, innovative payment systems, new marketing solutions supported by big data and analytics, industrial automation aided by robotics, giving rise to the need for talent upgrading and upskilling.  All these can enable businesses to grow in a more effective, equitable and sustainable way.  The South-South markets in which we operate in, will directly benefit from this digital push. 

MASSA’s primary objective is to reach out, identify and assist its members to spread their wings and tap into a bigger customer base as well as gain access to new resources that the South-South markets can provide. 

I appreciate the continuing support and cooperation of all members and your participation in the activities and programmes organised. 

I wish you all a happy, healthy and successful 2018. 

Tan Sri Azman Hashim

President