Healthy trade surplus despite global gloom, says deputy minister

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Ong Kian Ming tells captains of industry at business forum that there is still strong investor confidence in the country’s economy and that exports have gone up in recent months. FMTNews

Panelists at a forum on the future of business in Kuala Lumpur yesterday agreed that agility is most important. From left: Wong Sue Wan, K Kathirgugan, May Knight, and Aiza Azreen Ahmad.

Saying Malaysians should expect a deficit budget for next year, Ong added: “In the context of global confidence, we don’t want twin deficits, we don’t want a current account deficit and a budget deficit at the same time.”Ong said this at the one-day “Business Foresight Forum 2019: New Business Directions 2025” organised by the Securities Industry Development Corporation at its premises here. It was attended by about 300 industry leaders, entrepreneurs and heads of companies.

Kathirgugan – who helped build the world’s first salad-making robot called Sally, and previously worked in the Silicon Valley in California – said companies should not punish failure but should consider it a “battle scar” when venturing into new areas. She said versatility was another important attribute and soon-to-be leaders should not be afraid to move into new territory. She said she often changed plans as it was a fast-moving environment and one had to move at speed to stay ahead.

Recounting her upward climb as a woman in a male-dominated sphere, she said her advice to young women was to be bold and to chase their dreams. She also urged them to speak up and not remain timid.

 

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Most of it are going to Vietnam imokman Go Figure...

Show the proff la...

Trade war btw US China. The spill off effect, Asian countries get more Investment, Foreign investors in China & China based Co. moving out 2 other Asean countries 2build manufacturing plants & set up service centres. In any trade war. There's always someone who benefits frm it.

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