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Zafrul: Malaysia on strong footing to attract quality investments

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Zafrul: Our (growth) numbers are looking good, inflation is at 4% and the unemployment rate is at 3.6%. theSun theSundaily Malaysia growth economy inflation investments expand

: Malaysia’s economy is on a strong footing to attract quality investments, said International Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz.

“The move will help our exports and economy. Domestically, efforts focusing on environmental, social and corporate governance principles in key sectors, enhancing the ease of doing business, and moving up on the value chain in sectors that we are strong in will also help cushion the impact of global economic headwinds.

Tengku Zafrul added that Malaysia is expected to register a gross domestic product growth of 8.0-9.0 per cent in 2022. During the interview, Tengku Zafrul also noted several possible concerns that could affect the global economic growth prospects, namely monetary and fiscal tightening, global tensions such as the Ukraine-Russia war which disrupted supply chains as well as exporters’ capacity in meeting ESG market demands.

Source: News Formal (newsformal.com)

 

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