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Ladies and gentlemen, distinguished guests, and esteemed Chief Procurement Officers. Welcome to the pinnacle of procurement excellence, the 6th Annual Asia CPO Summit & Awards 2023. It is an absolute honour and privilege to stand before you today to officiate this event, as we gather to bring together the finest minds in the world of procurement. I am pleased to welcome our Asia Pacific delegates to Kuala Lumpur to attend this CPO summit. I would also like to acknowledge the presence of and welcome speakers from India and Singapore. This conference is not just about the sessions – it’s about the people. It’s about the collaborative spirit that unites us in our pursuit of excellence. It’s about the connections you will forge, the knowledge you will gain, and the experience that will stay with you long after the event concludes. Together, we have the power to transform procurement from a mere function into a strategic force that shapes the future of our organisations and industries It has been quoted in the Chartered Institute of Procurement & Supply (CIPS), UK magazine dated 14 June 2023 that the Malaysian government has announced the introduction of the Procurement Act. The Act will mark a pivotal moment in our journey towards greater transparency and accountability in public spending. This progressive move is not only about tightening regulations; it's a beacon that signals our dedication to fostering a business-friendly environment. By bolstering transparency, we are poised to attract foreign investors who seek assurance in our commitment to fair and equitable procurement practices. But the success of this endeavour does not rely solely with the government, it’s a shared responsibility, and every procurement professional plays a crucial role. We must invest in nurturing the next generation of procurement talent. By imparting knowledge, sharing experience and upholding the highest ethical standards, we can ensure our workforce is equipped to thrive in this evolving landscape. Effective procurement is not just about compliance; it’s about efficient resource allocation, fair competition, and economic development. Let’s seize this moment as an opportunity to elevate our profession, advocate for excellence, and work together to shape a future where our nation’s resources are managed wisely and responsibly. Together, we can inspire positive change, drive economic growth and build a stronger and more prosperous Malaysia for all. In conclusion, ladies and gentlemen, by coming together at this 6th Annual Asia CPO Summit & Awards 2023 organised by 3novex, you have demonstrated your commitment to continuous learning and innovation. So, let us make the most of this precious time together. Let us embrace every opportunity to learn, to share and to grow. Let us harness the collective wisdom in this room and channel it towards shaping a future where procurement is not just a function, but a strategic driver of success. May your time at this 6th Annual Asia CPO Summit & Awards 2023 be not just productive, but transformative. Thank you.