KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) said the partnership to host the Budget Insights Forum: Moving Towards 2025 with the Malaysian Investment Development Authority (MIDA) underscores the country’s efforts to achieve an inclusive and sustainable growth. The event, held at MIDA Sentral, saw chief executive officers, investors, and policymakers delve into Malaysia’s economic outlook ahead of its 2025 ASEAN chairmanship.

According to BERNAMA News Agency, MIER executive director Dr Anthony Dass emphasized that hosting the event fostered a culture of collaboration and open dialogue between the public and private sectors. He noted that the forum offered valuable insights and practical recommendations to help shape Malaysia’s economic strategy, paving the way for a prosperous 2025 and beyond.

MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid described the forum as a significant milestone for the agency. He expressed enthusiasm about hosting the inaugural MIDA-MIE
R Budget Insights Forum, highlighting its role in uniting key thought leaders to explore pressing macroeconomic and industrial trends shaping Malaysia’s future. He remarked that the insights shared during the forum underscored the need for strategic foresight in a world of constant change, aligning with MIDA’s mission to cultivate a resilient and innovative business ecosystem.

A panel of moderators and speakers provided a broad view of Malaysia’s economic landscape. The first panel session, “Macroeconomic Overview and Implications,” examined global economic dynamics, including the potential impact of the US presidential election, Malaysia’s upcoming ASEAN chairmanship, and the evolving U.S.-China relations. It also highlighted Malaysia’s position within ASEAN and its relationship with the BRICS economic sphere.

The second panel session, “Industrial Growth and Investment,” explored strategies for business development and economic resilience. Key topics included supply chain optimisation, talent development i
nitiatives, and sustainable business practices, with a focus on Malaysia’s digital economy transformation and innovation ecosystem.