Kuala lumpur: Malaysia's economy remains resilient despite rising global uncertainties, with the government widening its 'Plan B' measures to ensure continued stability and growth, said Prime Minister Datuk Seri Anwar Ibrahim. He noted that strong economic fundamentals, supported by policy clarity, political stability, and institutional coordination, continue to position Malaysia as an attractive investment destination.
According to BERNAMA News Agency, Anwar emphasized the nation's economic resilience and attractiveness for investment during the Ilmuan Malaysia MADANI Siri 9 Forum. He highlighted the importance of strong coordination between key institutions, including the central bank and the Treasury, as well as consistent economic management, in sustaining Malaysia's economic position in the region.
Anwar, who is also the Finance Minister, moderated the forum attended by Finance Minister II Datuk Seri Amir Hamzah Azizan, Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour, and World Bank lead economist for Malaysia Apurva Sanghi. He addressed emerging global risks, such as geopolitical tensions in West Asia, which complicate the external environment. Anwar stressed the need for proactive measures to navigate these challenges.
Recognizing emerging issues early allows the government to respond more effectively, ensuring appropriate measures are taken. Anwar noted that acknowledging existing problems enables the government to alert the public and take necessary actions. He also highlighted the measured approach adopted by the government in managing the situation, emphasizing that resolutions to global tensions may take time to reflect in normal economic conditions.
Ongoing engagement with ministries, agencies, the private sector, and international partners remains crucial in ensuring Malaysia is well-positioned to navigate external headwinds while sustaining its growth trajectory. Anwar called for a collective national effort to support economic policies and maintain stability amid global challenges, stressing the importance of focusing on economic priorities.