Thursday, February 5, 2009

Attending Global Financial Crisis Forum


I was given the opportunity to attend the Global Financial Crisis Forum. It was organised by National Chambers of Commerce and held at the Nirwana Ballroom, Crowne Plaza Mutiara, Kuala Lumpur. It was officiated by fourth prime minister Tun Dr. Mahathir Mohamad.

Right: With Dato' A Kadri Jasin and Tan Sri Sanusi Junid

The panels include captains of industry, major players and representative of the joint chambers of commerce. They gave an update, insight and opinion from their industry and their macro view and strategy how and what to do, for the nation to embrace and plan on and against the global financial crisis that is badly hitting the West.

Ideas ranged from stimulus package that will and should be introduced by the Government and structural changes in the economic system, to ensure that all the plans are sustainable. Criticism on the financial and banking system also include credit availability and accessibility, especially for the small businesses. Tun Dr. Mahathir confirmed that the banking system were not too interested to develop the small businesses.

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