Kuala lumpur: The Dewan Negara’s Second Meeting of the Fourth Term of the 15th Parliament concluded sine die today, following a three-week sitting totaling over 10 days since August 25, 2025.
According to BERNAMA News Agency, the legislative session saw the passage of the Countervailing and Anti-Dumping Duties (Amendment) Bill 2025, designed to fortify local industries against unfair international trade practices. The bill was presented for its second and third readings by Deputy Investment, Trade and Industry Minister Liew Chin Tong.
Earlier in the session, both the Consumer Credit Bill 2025 and the Government Procurement Bill 2025 were debated and approved. Deputy Finance Minister Lim Hui Ying, who introduced the Consumer Credit Bill 2025, announced the formation of the Consumer Credit Commission to oversee credit providers and services, aiming to enhance professional standards and ensure a secure credit environment.
The Government Procurement Bill 2025, introduced by Finance Minister II Datuk Seri Amir Hamzah Azizan, seeks to establish duties, accountability, governance, and transparency in government procurement processes. Passed by a bloc vote, the bill received support from 33 senators, with eight opposing, two abstaining, and 14 absent. Amir Hamzah highlighted that the bill enforces punitive measures for violations and holds the Finance Minister accountable for non-disclosure or interference in procurement proceedings.
In the initial week, the Senate engaged in a debate on the motion for the Tabling of the 13th Malaysia Plan (13MP). This was followed by ministerial responses concerning finance, economy, trade, investment, and industry. During the debate’s conclusion, Amir Hamzah reiterated the government’s commitment to improving the fiscal position by curbing new borrowing, reducing the deficit, and increasing revenue through targeted taxation.
The 13MP aims to reduce regional disparities and stimulate strategic investment in underdeveloped states, focusing on the MADANI Economy’s three pillars: elevating national growth, enhancing living standards, and promoting good governance.
In his closing remarks, Liew emphasized Malaysia’s intent to attract significant investments in technology, particularly artificial intelligence and renewable energy. He stated that the MADANI government is pursuing a balanced, comprehensive, and non-aligned strategy to advance the national economic agenda through global trade partnerships.