Businesses say they are still reeling 12 months after Pakatan Harapan took power, and are unable to inject confidence despite the new government’s repeated assurance that the private sector can continue to rely on state support.Industries did not know what to expect then, from the power shift that ended six decades of Barisan Nasional rule, more so from a government elected on the back of public anger over scandals, living cost pressure, and a highly populist economic plan.
The construction sector, buoyed by the coalition’s decision to keep the East Coast Rail Link after a successful bilateral negotiation with Beijing saw the project’s cost slashed by RM21.5 billion to RM44 billion, was the only industry that rated the new government highly. What the sector needs is the government to think of ways to increase confidence, how to ease and reduce costs of doing business. They need to lift regulatory burden. There are too many new taxes. We can have new taxes but those able to enhance the industry so to do this they must have impact analysis before they introduce new measures.
The government is doing its best to control cost of living but just that alone is not enough. They also need to create more opportunities . I understand they need time but as you can see people are getting impatient. If you’re not creating opportunities or enough jobs people will get angry. We appeal to the Malaysian government to put into practise the Malaysia Incorporated policy of being business-friendly. As you know, the business community is working hard to support the government of the day but like Tun mentioned, a lot of ministers still work or act like the Opposition. But to change 61 years of mindset can't take overnight. It takes time.
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