PM: Malaysia’s financial growth going from strength to strength

Despite the global headwinds, Malaysia’s economy remains resilient and the Govern­ment’s plan to strengthen, liberalise and open up the economy is working, says Datuk Seri Najib Tun Razak.

Speaking to an audience which included foreign investors at the 12th Invest Malaysia 2016 event, the Prime Minister outlined key achievements of the country’s economy over the past few years (see graphic).

For instance, he said the economy grew 5% last year with the Organi­sation of Economic Cooperation and Development forecasting the same average growth rate for the next four years, far higher than the global average.

Foreign investors are also flocking to the country, buying RM5.5bil worth of domestic stocks in the first quarter of this year alone.

These achievements, he said, were based on the Government’s focus to ensure sustainabilty, inclusivity and innovation.

“So, it is clear that we have an economic plan that has worked and is still working. It is a long-term plan that works for the benefit of Malaysians not just today, but tomorrow and in the years and decades to come,” Najib, who is also Finance Minister, said in his keynote address.