FSI is represented in Miti’s Council

Kota Kinabalu: The Federation of Sabah Industries (FSI) represented by its President Datuk Chong Hon Len said it was honoured by its appointment by the Ministry of International Trade and Industry (Miti) to its Trade Council and Industry Advisory Council (TIAC).

Chong said it was a great honour for Sabah and FSI is in a good position to represent the business community and organisation which is mandated to advise the Government, among others, on the initiatives to strengthen Malaysia’s trading partnerships, attracting quality foreign direct investments, unlocking innovation to drive industrial growth, bringing more Malaysians into the labour force and building a highly skilled Malaysia workforce for the jobs of tomorrow.

According to Darell, the Ministry believes that the establishment of TIAC will further enhance its vision to make Malaysia as the preferred investment destination and among the most competitive trading nations in the world.

FSI is working closely with Malaysia International Chamber of Commerce and Industry (MICCI) Sabah for the success of the Sabah International Expo (SIE) 2020 and many other issues for the good of the state and country.

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“All advice and inputs by TIAC will be deliberated by Miti and the accepted policies and strategies subsequently will be escalated to the Economic Actions Council (EAC) and the Cabinet,” he said, as Miti attaches great importance in engaging all strategic stakeholders especially the private sectors in determining its policies and strategies for the interest of the nation and the well-being of the rakyat.

Among the organisations which formed part of TIAC are Ministry of Finance, Bank Negara Malaysia, Ministry of Economic Affairs, National Chambers of Commerce of Malaysia (NCCIM), Institut Masa Depan Malaysia, Federation of Sabah Industries, Khazanah Nasional Berhad, Third World Network, Faculty of Economies, University Malaya and Mckinsey & Company Malaysia; and Economic Research Institute of Asean and East Asia (Eria).

Miti believes TIAC, which consists of twelve outstanding individuals and organisations, represents diverse perspectives, expertise, affiliations and experiences which are crucial to shape robust and comprehensive policies for the Government.

Besides Chong the other eleven outstanding individuals in advisory roles are Dato’ Lokman Hakim Ali, Datuk Ahmad Badri Mohd Zahir, Datuk Nor Shamsiah Mohd Yunus, Tan Sri Datuk Ter Leong Yap, Mohd Nizam Mahshar, Datuk Hisham Hamdan, Chee Yoke Ling, Prof Dr Edmund Terence Gomez, Nimal Manuel, Prof Gurdial Singh Nijar A/L Sadu, and Dr Intan Murnira Ramli.

Darell stressed that TIAC signifies the Government’ strategy and focus on institutional reforms and good regulatory practices.

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“Miti’s policies moving forward will take into serious consideration various views and concerns by its stakeholders especially industry players.

“At the same time, we have to ensure that all our policies and strategies bring benefits and provide significant positive impacts for the rakyat, such as providing high income jobs for our people and opportunities for our SMEs and industries to grow,”said Darell adding that TIAC will also be able to draw upon the knowledge and expertise of the Chairman and Board of Directors from eleven agencies under MITI which include Malaysia Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE) and Malaysia Industrial Development Finance Berhad (MIDF).

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