Message from Ambassador Dato' Dali M. Hashim<\/p>\n
On the auspicious occasion of the 38th anniversary of the
\nIndependence Day of Malaysia, I wish to take this opportunity to
\ncongratulate the government and the people of Indonesia who have
\njust celebrate the historic 50th anniversary of the Proclamation
\nof the Independence of the Republic of Indonesia on August 17th,
\n1995. I would also like to thank The Jakarta Post for the
\nopportunity of this message.<\/p>\n
The year 1995 witnessed the holding of the eighth General
\nElections in Malaysia. The result of the elections was an
\noverwhelming victory of the governing Coalition Government of the
\nNational Front. This fact would augur well for the continued
\nstability of the country.<\/p>\n
The year 1995 also brings Malaysia yet one year nearer to the
\ndeadline of achieving the national objective of \"Vision 2020\".
\nWhat is \"Vision 2020\" ? As its name indicates, it is the
\ncrystallization of Malaysia's ambition to become a fully
\ndeveloped nation by the year 2020 in every sense of the word :
\nsocio-economically, technologically, politically and from the
\nethical and spiritual viewpoints. More specifically, the
\nMalaysian economy by the year 2020 would have, among other
\nthings, the following features :<\/p>\n
1. A diversified and balanced economy with a mature and widely-
\nbased industrial sector, a modern and mature agriculture
\nsector and an efficient, productive and an equally mature
\nservices sector.<\/p>\n
2. An economy that is able to quickly adapt to changing patterns
\nof supply, demand and competition.<\/p>\n
3. An economy that is technologically proficient, fully able to
\nacquire, adapt, innovate and adopt the latest in modern
\ntechnology and to keep up with it.<\/p>\n
4. An economy that has strong and cohesive industrial linkage
\nthroughout the system.<\/p>\n
5. An economy driven by brain-power, skills and diligence, in
\npossession of a wealth of information, and able to utilize it.<\/p>\n
6. An economy with high and continuously increasing productivity
\nat every phase of the process.<\/p>\n
7. An entrepreneurial economy that is self-reliant and
\noutwardlooking.<\/p>\n
8. An economy characterized by low-inflation and low cost of
\nproduction.<\/p>\n
9. An economy that is geared to the full discipline and rigors of
\nmarket forces.<\/p>\n
To achieve the objective of Vision 2020, Malaysia would need
\nto have an economic growth rate of seven percent per annum from
\nnow till the year 2020.<\/p>\n
Obviously, the key to sustaining a growth rate of seven per
\ncent per annum lies largely in stimulating a high rate of
\ninvestment -- both domestic and foreign. In this regard, Malaysia
\nhas been quite successful in improving the physical, legislative,
\nadministrative and financial infrastructures so as to sustain
\ninvestment at 34 to 35 percent of GDP in order to achieve growth.<\/p>\n
Thus Malaysia was able to achieve a continuous economic growth
\nrate of above 7.5 percent for the past five years. For this year,
\nthe expectation is a growth rate of between eight and nine
\npercent. The high growth rate is all the more remarkable when
\nviewed against the low rate of inflation experienced in the
\ncountry . In 1994, inflation was 3.8 percent while for this year,
\nit is projected to be below the target of four percent.<\/p>\n
The point has been made that success in attaining the national
\nobjective of Vision 2020 would require a massive injection of
\ncapital and technology and a further liberalization of global
\ntrade. It therefore follows that Malaysia would continue to
\nattach utmost importance to a durable environment of peace and
\nstability in order to enhance the flow of investment and
\ntechnology and greater growth of world trade. By the same token,
\nthe target to become a fully industrialized society would also
\nmean that Malaysia offers a vast opportunity and potential for
\ngreater economic cooperation and interaction with the
\ninternational community.<\/p>\n
Malaysia-Indonesia bilateral ties continue to be strengthened
\nand deepened in every respect. I am particularly happy to note
\nthat both countries have been giving greater importance to
\nexpanding economic cooperation particularly in trade and
\ninvestment. Reflecting this new emphasis, Malaysian investments
\nin Indonesia increased significantly in 1994 reaching a total of
\nUS$ 603 million compared to only US$56 million in 1993. The
\nquantum of Malaysian investments in Indonesia for 1995 is also
\nexpected to be impressive. From Indonesia too, there has been a
\nsignificant increase in commercial transactions including cross
\nborder listing and exchange of shares mechanism.<\/p>\n
Given the firm commitment of the leadership at all levels of
\nboth countries as well as their respective strong performing
\neconomies, I am confident that the future will see an even grater
\nquantitative and qualitative improvements in Malaysia-Indonesia
\nbilateral relations.<\/p>",
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