Malaysia's economy remains on course despite Covid-19 resurgence

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WE REFER to the article published in Nikkei Asia dated 6th of August titled “Malaysia’s economic growth model is on the brink of collapse” by Shankaran Nambiar.

While we acknowledge the opinion shared by the writer, we nevertheless, need to address several inaccuracies which give the impression of systemic failure by the Malaysian government in handling the COVID-19 pandemic.

Hence, the government has taken quick action to ensure that we maintain economic stability and growth as well as manage the country's largest public health crisis. By the end of July, 1.65 doses were administered per 100 persons which is significantly higher than the United States at its peak of 1.01 per 100 persons in April.

This was vital to minimise the disruptive effect on supply chains, considering the crucial role played by Malaysia in the global network. As a result of growing economic demand, Malaysia remains an attractive market for Foreign Direct Investment , with inflows increasing between 2019 and 2020. In contrast, Malaysia experienced a sharp decline between 2008 and 2009 following the subprime financial crisis.

Exports recorded the 10th consecutive month of year-on-year expansion since September 2020, registering a strong growth of 27.2% to RM105.47 billion. Furthermore, industry players are given hands-on experience on digitisation and emerging technologies, with the introduction of programmes such as the Digital Technology Acceleration Programme and the Digital Manufacturing Hub, including upskilling talent in new areas such as Industry 4.0 smart manufacturing.

In addition, Ministry of International Trade and Industry and the Malaysia Automotive, Robotics and IoT Institute have collaborated to phase out the 70,000-strong foreign workforce in the local vendor ecosystem, spearheaded by the local automotive industry. This is consistent with Malaysia’s declining trend of migrant labour employed from approximately 2.3 million in 2013 to 2 million in 2019.

 

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Ya .your own pocket filled to the brim....thats why everything seems fine....you forgot the rakyat is suffering

AA must be one of the most worried person now. Same goes to Larut, TZ, Ampang, Titiwangsa and many more. There are so much for them to answer and give clarity to 32m Rakyat on how they used the HUNDREDS OF BILLION RINGGIT in just 18 months!! Don't forget Taki who lied in Parlimen

Hope AA will learned his lesson well. Guess, this will the end of his political career. He has created so much hatred against himself in just over 18 months or so. Not only that, I'm pretty sure some kind of audit will be done in MITI after this pandemic. But surely before GE15.

Burit

Orang MITI cakaplah apa yang awak mau, Rakyat cuma tahu satu Aja.. esok nanti , pergi kemaskan meja awak dan bungkus balik kampung!

Azmin pulti mama

Thanks to you.

No matter which entity form's the govt, he must go!

Bukak all nightlife.

Kepala hotak dia punya on course.

Haha..enjoy another few hrs pig...

On course into the sewer..Call me up for mopping jobs..

Why look so sad? The choice of photo is great.. U thought u had a PM chance ya?

Haaa...the best flavour of them all...'Minty Min' ! thedouglaslim KerajaanTumbang KerajaanGagal

🤡

Its odd that this assailed bandit can still talk with a straight face...real cunning n devious

Bastardised

Really? Show me the money and the jobs. Cannot? Shut up.

Your boat about to sink in 24 hours

Cukuplah dengan semua penipuan . Janganlah bodoh bodohkan rakyat. This is 21 century bukan Zaman purba

Tengok muka Pengkhianat ni🤣

Go and fly a kite lah..🤔🙄

🤣🤣sembu

What a incompetent .... dustbin

Lor why is he still here. Thought u were dead or commit suicide

Hon? must be very2 horny.

Go pack up AzminAli This is your well deserved KARMA

Incompetent arsemin leading to economic policies failure.

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