"I recognize that the longer term market and structural reforms will be required for Malaysia’s capital market and economic transformation.
He added in his speech at an event at SC headquarters on Monday that this will be done by expediting the Initial Public Offering process and reducing time-to-market to ensure Malaysia’s competitiveness and attractiveness. "Despite the multiple challenges inherited by the government, early economic indicators show that the government’s fiscal policies and 2023 Budget measures are bearing fruit such as Malaysia’s strong growth of 5.6% in the first quarter of 2023 and reduced unemployment rate of 3.5%.
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