KUALA LUMPUR: The government will take measures to attract quality investments while transitioning to a low-carbon economy and improving social protection.
It must also strengthen fiscal resilience by ensuring economic structural reforms are implemented in an orderly manner.
In a posting on his Facebook page today, Prime Minister Anwar Ibrahim, who is also finance minister, said this would boost growth and strengthen the economy.
“These measures will be implemented with the support of Bank Negara Malaysia (BNM) and all relevant departments,” he said.
Bernama reported that Anwar had earlier visited BNM with both deputy finance ministers, Ahmad Maslan and Steven Sim, as well as senior officials of the finance ministry to attend a briefing on the challenges and focus of the country’s current economic policy.
Anwar said BNM briefed him on the state of the country’s economy, which has strengthened post-Covid-19.
“However, the government must think about the current challenges to the national economy by taking into account risks such as the slow global growth, conflicts and geopolitical problems at the international level.
“These continue to worsen and disrupt the food supply chain.
“The government will act swiftly with short-term and long-term approaches to deal with this,” he said.
BNM, through a tweet, said it also underlined the importance of structural reforms so that the country could attract more quality investments, create jobs that generate good income for Malaysians and strengthen the country’s social protection system.
“With the challenges we are facing now, Malaysia needs to give priority to securing the future, whether through a digital economy or an orderly transition to a more sustainable economy.
“BNM will continue to implement the mandate to promote a more sustainable economy for Malaysia,” it said.
Source: https://www.freemalaysiatoday.com/category/nation/2022/12/15/govt-will-take-measures-to-attract-quality-investments-says-pm/