PM Anwar: Govt comfortable with 4Q results, expects Malaysia’s 2023 GDP to grow 4-5pc

KUALA LUMPUR, Jan 31 — Prime Minister Datuk Seri Anwar Ibrahim has expected Malaysia’s gross domestic product to grow around four to five per cent in 2023, in line with Bank Negara Malaysia’s projection earlier.

“If you have a system with very clear policies to encourage investments, the ease of doing business, fast, efficient and not corrupted, investors will come in,” he said. Nonetheless, Anwar said Malaysia is fortunate that the revenue from taxes had increased slightly, along with taxes from petroleum and gas.

However, he did not rule out the reinstatement of GST should the average income level in the country increase to RM3,000-RM4,000. “It is there in the books and I think that Goldman Sachs should come out clean and deal with Malaysia. Don’t think you can dismiss this as something small that you can just use your strength to dictate your terms,” he said.

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