We need foreign skills to stay competitive.

Asean is obviously a very important association for us. Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges.

We are considering various ways of making use of our oil and gas downstream industries. This is to be complemented with the import of oil and gas from other sources as raw materials.

The development of our human resources is an area in which we need to do well as it is decisive in determining the success of our diversification programme.

The nation will benefit in the long term if it continues to be open to foreign expertise. This will help the country to establish its business culture and environment faster, based on international best practice.

We need foreign skills to stay competitive.

We are increasing our efforts to attract the right kind of foreign investors through our various agencies.