Assignment with Muhyiddin 22 October 2008

THE NEW LEADERSHIP TO CONTINUE INVESTORS CONFIDENCE IN MALAYSIA

The new leadership to come into power in March 2009 will continue to focus on building investor confidence in Malaysia.

International Trade and Industry Minister Tan Sri Muyhiddin Yassin, who is contesting for the Umno Deputy Presidency, reassured both local and foreign investors that there will be enough incentives to generate investments.

Muhyiddin said political stability has always been Malaysia's selling point to investors, but after the March 2008 general election, the scenario has changed to "political uncertainties."

SOT
But we want to bring back the so call good days during difficult times, we want to bring back the so call confidence that we have sort of lost among Malaysian and foreign on us. We want to bring back the spirit of trust and of course to reinstate what some feels lost credibility.
SUPER: Tan Sri Muyhiddin Yassin\Minister of International Trade and Industry.

Muyhiddin was replying to a question from Tan Sri Datuk Dr Ramon Navaratnam, the corporate advisor for the Sunway Group, who wanted to know how the new leadership would be different after March 2009. The minister earlier delivered a keynote speech at a luncheon organised by the Malaysian Institute of Directors in Kuala Lumpur on Wednesday. In his speech, the minister said businessmen should be brave enough to face the onslaught of the global financial crisis.

In my opinion, the qualities of good corporate leadership are the same whether times are difficult or trouble-free. The major difference is that a difficult business environment is much less forgiving and more costly.In a robust and growing environment, it is easier to internalise failures and move on.
SUPER: Tan Sri Muyhiddin Yassin\Minister of International Trade and Industry.


SOT
In my opinion, the qualities of good corporate leadership are the same whether times are difficult or trouble-free. The major difference is that a difficult business environment is much less forgiving and more costly. In a robust and growing environment, it is easier to internalise failures and move on.
SUPER: Tan Sri Muyhiddin Yassin\Minister of International Trade and Industry.

Muyhiddin added that failures should not necessarily become the stigma of a bad leader. (**ENDS**)