En­forc­ing ‘Buy Malaysian-Made’ di­rec­tives will have mul­ti­plier ben­e­fits to econ­omy

New Straits Times - - Business - OOI TEE CHING KUALA LUMPUR bt@me­di­

MALAYSIAN man­u­fac­tur­ers have urged the gov­ern­ment to be more con­sis­tent in its “Buy Malaysian-made” di­rec­tives to boost do­mes­tic de­mand and curb un­nec­es­sary im­ports.

“By con­sum­ing more good qual­ity Made-in-Malaysia prod­ucts in mega-projects, the pri­vate sec­tor and the gov­ern­ment can bring about mul­ti­plier ben­e­fits to the econ­omy,” said Fed­er­a­tion of Malaysian Man­u­fac­tur­ers (FMM) pres­i­dent Tan Sri Dr Lim Wee Chai.

“We are not ad­vo­cat­ing favouritism. Far from it. In fact, we urge con­sumers not to be prej­u­diced against Made-in-Malaysia prod­ucts. As it is, there had been un­fair in­stances when more ex­pen­sive im­ported goods were favoured over lo­cal prod­ucts even when they were as good in qual­ity and com­pet­i­tively priced.

“All things be­ing equal, if our prod­ucts are good enough for the ex­port mar­ket, they should also be good enough for lo­cal con­sump­tion,” said Lim.

FMM also urged the gov­ern­ment to cen­tralise its 24 min­istries’ pro­cure­ment di­rec­tives on “Buy Malaysian-made”, which would re­sult in sig­nif­i­cant mul­ti­plier ben­e­fits to the econ­omy.

Lim said the Malaysian In­vest­ment De­vel­op­ment Au­thor­ity’s up­com­ing Spe­cialised Build­ing Ma­te­ri­als Sup­ply Chain Con­fer­ence 2017, themed “Bridg­ing Gaps, Build­ing Op­por­tu­ni­ties”, was a step in the right di­rec­tion and would sig­nif­i­cantly ben­e­fit the econ­omy.

Ac­cord­ing to the Sta­tis­tics De­part­ment, the man­u­fac­tur­ing sec­tor as a key eco­nomic driver contributed RM645.67 bil­lion last year.

Man­u­fac­tur­ing ac­counts for half of the coun­try’s RM1.23 tril­lion econ­omy and more than 80 per cent of RM785.93 bil­lion to­tal ex­ports.

Lim was speaking af­ter a brief­ing on the FMM-MIER’s sec­ond half of 2016 busi­ness con­di­tions sur­vey, here, yes­ter­day.

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