MINISTER OF YOUTH AND SPORTS
irst of all, I would like to congratulate Armani Media Group on a job well done for another year of success in organising its 100 Most Young Influential Entrepreneurs Award. It is awards like these that continue to inspire and drive up-and-coming entrepreneurs to contribute their best towards the economic development of our country. Secondly, I would like to congratulate the young entrepreneurs nominated today on their hard work and commitment towards themselves and the nation. Young entrepreneurs are important in the growth of our nation’s economy. Their contribution to the country is indispensable through their various products and services. As Malaysia is constantly developing, it thrives on consumerism, thus an entrepreneur’s role has a large significance in the growth of our national income as well as raising the per capita income of the Rakyat. An entrepreneur contributes to the nation across seven tiers; investment, employment, diversity in products & services, international trade, and its gross domestic product. In terms of investment, in order to remain relevant in a fast-paced business environment, an entrepreneur must provide a product or service that is required for the economy. Economic progress depends on his or her contributions with the majority investing in a product or service that is in high demand and that can contribute to the livelihood of its people.
For employment, as of April 2018, the Malaysian employment rate is holding strong at 3.4%, an increase of 1.6% from the previous year. The nation is in need of employment and entrepreneurs, through the introduction of their new products and services in the market, generate employment. This is a major contribution to the development of Malaysia into a first-world country. Diversity in products and services is also an important aspect in the development of our nation. Business is a growing environment. We’ve seen it move gradually faster in recent years through the advancement of technology making the entrepreneurial environment increasingly competitive. Aside from wanting to stay relevant, an entrepreneur’s role is to provide a diverse array of goods and services to keep the consumer market constantly moving. The government believes that international trade is important for the country for both its economy and international relations. Malaysia’s growth as an international business hub critically relies on the efforts of entrepreneurs to seek overseas investments and injecting it into the country’s economy. All these mentioned above is important towards the growth of our nation’s Gross National Product. The GNP is calculated based on the total number of products and services produced or provided by a country. The more products and services, the higher the GNP indicating the nation’s economic prosperity. Thus, diversity in products and services as well as international trade is fundamental in evolving the nation with employment and investments playing a crucial role alongside them. As Malaysia is committed to the development of young entrepreneurs, so too do we hope young entrepreneurs are committed to the development of the nation. Once again, I would like to congratulate Armani Media and the entrepreneurs for their contribution to not only the industry, but to the nation. YB TUAN SYED SADDIQ BIN SYED ABDUL RAHMAN Minister Of Youth And Sports
24/09/2018 4:13 PM