The 1st quarter of 2010 has just gone by and Malaysia has come through the global crisis in good shape. This recovery is in tandem with the global scenario, although the economic recovery remains fragile and uneven. We note though the economic recovery has been more pronounced in the emerging economies, particularly in Asia.

The Malaysian economy, despite a sharp contraction in the 1st quarter of 2009 by 6.2%, moderately contracted by 1.7% in 2009, as recovery strengthened in the 2nd half of 2009. Gaining traction thereon, Malaysia is back on the growth path with an estimated GDP growth of 8% for 2010. Barring unforeseen circumstances, this is a very commendable performance and is a testimony of the efforts by the Government, the business community and the people of Malaysia who have weathered the trials of the past 2 years with perseverance and tenacity.

Going forward, much effort and work still remain. As the axis of economic growth shifts to Asia, competition will intensify and Malaysian entrepreneurs need to gear up on all fronts to face the competitive headwinds.

MASSA will continue to assist its members and the investing community to identify niche markets in the developing countries to forge win-win business possibilities. Together with the support and assistance from MITI and its agencies, MATRADE, MIDA and SME Corporation, we are confident that Malaysian products and services can flourish and excel internationally.

I am thankful for the continuing support of the High Commissions and Embassies of the numerous developing countries that are based in Malaysia as well as our Malaysian Embassies and High Commissions based in the developing countries. Through their presence, support and network, our roles in MASSA have been made more effective.

TAN SRI DATO’ AZMAN HASHIM
President