Young entrepreneurs important for the future, says Obama

US President Barack Obama and Malaysian Prime Minister Najib Razak pose with students at the Malaysian Global Innovation and Creativity Center in Cyberjaya.

CYBERJAYA: Malaysia and the United States have pledged to continue their shared commitment to foster more young entrepreneurs, as they will form the bedrock of both countries' economies in the future.

US President Barack Obama said this was important to provide a chance for youth, so they would be able to create things and start their own businesses.

"The dreams and the talents of these young people help to fuel our economies, create jobs, and bring our countries closer together," he said in his opening remarks at the Malaysian Global Innovation and Creativity Centre (MaGIC) headquarters, here Sunday.

At the event, Prime Minister Datuk Seri Najib Tun Razak also announced, in honour of Obama's visit, the field in front the MaGIC headquarters, in Cyberjaya, would be renamed as the "Obama Oval".

More updates to come...