In a Flash 25 April 2009

IN A FLASH 250409

GOOD AFTERNOON AND SALAM MUHIBAH.

IT IS NOW TIME FOR IN A FLASH.

Prime Minister Datuk Seri Najib Tun Razak will announce the much-anticipated liberalization measures for the financial sector on Monday.

This will be his second major announcement on the country's market liberalization plan following the measures announced for 27 sub-sectors in the services industry on Wednesday.

The move to liberalize the services sector has been welcomed by the local business community and foreign investors, who say it will create a conducive business climate in the country and make the economy more competitive on the world stage.

Najib, who is also Finance Minister, said this when asked whether Malaysia will consider increasing foreign ownership in banks.

He said the Umno Supreme Council meeting had taken into view the recent changes announced by the government.


As for the liberalization of the twenty-seven services sub-sectors, he said it was not a sudden move but it had been studied by the Ministry of International Trade and Industry for two years and considered by the Economic Council.

Najib said the change was in synch with changes made by other Asean member nations. He added that Malaysia was lagging in the opening of its services sector.

/ENDS-BERNAMA


The government has decided to set up a Cabinet committee on human capital development, Deputy Prime Minister Tan Sri Muhyiddin Yassin said Friday night.

He said the decision was made by Prime Minister Datuk Seri Najib Tun Razak at the meeting of the Cabinet last week.

Speaking at a function to honour students with excellent results in the 2008 UPSR, PMR and SPM examinations in the Batu parliamentary constituency here, Muhyiddin said he himself would chair the committee.
He said the development of human capital is most important for the progress of the country.

Muhyiddin, who is also the education minister, said it was the government policy to provide as wide an opportunity as possible for the people, especially the young generation, to acquire as much knowledge as possible.

He also said that the prime minister had expressed the desire for the creation of a precision society.

At the function, two-hundred ten students received cash awards, certificates and souvenirs.

//ENDS-BERNAMA

THAT'S THE END OF IN A FLASH FOR TODAY.
SALAM MUHIBAH.