Malaysian companies can succeed and not just at home. We can compete effectively against regional and global peers. A good example would be QL Resources, a homegrown company that has done very well and in industries that are extremely competitive, no less. Incidentally, QL was chosen as The Edge Billion Ringgit Club Company of the Year in 2011. The company was listed on Bursa Malaysia in March 2000 with a market capitalisation of RM100 million. Today, it is worth more than RM11 billion ($3.6 billion). That is equivalent to a compound annual growth rate (CAGR) of nearly 30% in an 18-year period.
SINGAPORE (Jan 28): Pretenders to the throne, please be seated. Last week, I wrote about some of our public- and private-sector successes in embracing technology and delivering quality services efficiently and effectively. This proves that Malaysians have the capability, given the right environment.
I truly hope that we will see greater concerted efforts by the government to cultivate entrepreneurship among young Malaysians — by ensuring equal opportunity through regulatory frameworks that will dismantle monopolies and rent-seeking proclivities while promoting a level playing field and fair competition.
