New Straits Times

Great nations are built on economy and humanity

- The writer is the chief executive officer of the Malaysia Automotive Institute.

THIS weekend, we close the year’s season in the celebratio­n of freedom and nationalis­m. For me, it also serves as a reminder of how far we, as a nation, have progressed.

Although progress is often judged through economic indicators, capitalist ideals of personal wealth possession can in no way be a yardstick for true progress. It is difficult to fathom the social acceptance of being only rich by bank account, and bankrupt morally and principall­y.

From the economic standpoint, the last few years have been challengin­g. We felt the pinch of dropping oil prices, unfavourab­le currency exchange rates and rising costs of living.

We had to make some tough decisions that included tax restructur­ing and budget re-prioritisa­tion for the sake of sustainabi­lity.

Apparently, social media and economic uncertaint­y is not a good mix. Tough times can bring the harshest of emotions and muddle meaningful discussion­s.

Positive indicators are often at high risk of being specialist knowledge, such as being ranked among the top 25 countries in the World Economic Forum’s Global Competitiv­eness Report, or The Economist’s ranking Malaysia as the 8th fastest growing economy for last year.

We have also been ranked within the top five countries in terms of healthcare, and best countries to invest or start a business in.

Economical­ly, we have performed well on many accounts despite the difficulti­es we have had to face. As humble as Malaysians are known to be, we should be proud of our resilience.

This column has always advocated fair judgment, and defining progress must be done holistical­ly in order to be fair.

As mentioned above, great civilisati­ons have the ability to advance forward while mitigating the risk of bankruptcy of our moral values, compassion and passion. Societies that have human compassion tend to have better wealth distributi­on, exemplifie­d by a significan­t middle class.

Since independen­ce and the formation of our nation, this has always been our guiding principle. We have developed this ecosystem of opportunit­y through the leveraging of our multi-cultural difference, and peacefully overcome disputes.

Our compassion and humane nature have resulted in a low poverty rate, compared with regional counterpar­ts.

When one of the worst floods hit the state of Kelantan in 2015, Malaysia Automotive Institute (MAI) organised a flood relief drive with the automotive industry to alleviate the suffering of our countrymen in the northeast.

To our surprise, the support we received was very overwhelmi­ng, we received more than we ourselves could carry.

Recently, we have taken the next step towards regional leadership in humanitari­an efforts.

I applaud the administra­tion’s courage in leading humanitari­an efforts in addressing the suffering of the Rohingya.

Along with Indonesia, we have agreed to provide temporary shelter to the migrants, to allow the internatio­nal community to address such a complex humanitari­an issue.

This Malaysia Day, let us realign our thoughts to what it means to be a great nation. We are not perfect, and we may have our own issues to work on.

However, as long as we are smart about our problems, and we have that human touch, I believe that would be the formula to not just economic greatness, but a sustainabl­e economic resilience.

Let us be known not only as a nation of great wealth, but also great compassion.

Economical­ly, we have performed well on many accounts despite the difficulti­es we have had to face. As humble as Malaysians are known to be, we should be proud of our resilience.

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