5 May 2025
All in all, the ultimate goal of ESG is to build resilience. In this time of disorder, this resilience is important so that we can shape, to a certain extent, the global order.
Keynote Speech at the HSBC Asian Business Forum
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Malaysia is actually a maritime nation surrounded by the worldโs most important waterways – the Malacca Straits and South China Sea – and we should tap into our geographical and natural advantages, such as our lower risk of natural disasters, to boost our economic activities. Malaysia is Asiaโs linchpin linking the Pacific and Indian Oceans, a crucial fact that Malaysians should take cognizance of.
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There can be a second economic take-off for Malaysia if we do things right. Employers have to acknowledge that the Malaysian and Singaporean labour market are actually a single labour market. If Malaysian employers can provide high enough wages, they will be able to get the right workforce for them, thereby contributing to overall economic growth.
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Malaysiaโs debt problem should be approached by having higher growth, rather than austerity measures. If we can have a growth of 5.5% to 6% per annum, the size of our GDP can double in 10 to 15 years.
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