Kuala Lumpur: ASEAN must be proactive in crafting strategies that are not only responsive to current challenges but also forward-thinking, setting the stage for long-term prosperity.
According to BERNAMA News Agency, Finance Minister II Datuk Seri Amir Hamzah Azizan stated that finance ministers, central bank governors, policymakers, and regulators collectively bear the immense responsibility of ensuring that the policies and decisions are focused on achieving economic stability, sustainable growth, and financial inclusion. He emphasised that the focus must not solely be on rebuilding what was lost, but also on seizing new opportunities that align with ASEAN’s vision for its people.
Amir Hamzah highlighted the promise of ASEAN’s future, attributing it to the region’s vibrant economies and growing connections. With a combined GDP of over US$3.98 trillion, ASEAN is recognized as one of the fastest-growing economic regions globally. Despite challenges such as trade tensions and geopolitical issues, he asserted that the foundation remains strong, with intra-ASEAN trade playing a significant role in shared prosperity. The potential to lead in trade, finance, and innovation exists, provided the member states remain adaptable and collaborative.
These remarks were made by Amir Hamzah during his welcoming dinner speech at the 12th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) held at the Kuala Lumpur Convention Centre.
Looking ahead, Amir Hamzah stressed the importance of ASEAN strengthening its resilience and ensuring lasting prosperity through continued collaboration. He pointed out the need to build stronger ties by improving capital markets, streamlining regulations, and boosting infrastructure. Facilitating the free movement of goods, services, and capital across borders was identified as crucial for creating a more competitive region, attracting investment, and supporting businesses.
As ASEAN Chair in 2025, Malaysia aims to lead the region in sustainable development and green investments, particularly in energy transition areas such as solar energy, electric vehicles, and green infrastructure. Amir Hamzah emphasized that future development must balance economic growth with environmental sustainability, integrating sustainability into development strategies.