Malaysian government plans to build human economy

Malaysia will restructure its economy based on three main strategies to eradicate poverty, restructure and restore the economy, as well as generate the economy anchored on the concept of Malaysia Madani, said Prime Minister Anwar Ibrahim.
Kuala Lumpur (VNA) – Malaysia will restructure itseconomy based on three main strategies to eradicate poverty,restructure and restore the economy, as well as generate the economy anchoredon the concept of Malaysia Madani, said Prime Minister Anwar Ibrahim.

As reported by the local news agency Bernama, during his January19 address at the event Developing a Malaysia Madani, the PM said the nation’seconomic expansion and growth should be achieved in a wider context of humaneconomy that prioritises the people’s needs.

Anwar added that the main driver that would form the core ofMalaysia Madani would be anchored on four main strategies, comprisingrebuilding the economy, guaranteeing wellbeing of the people, reformingdemocratic and legal institutions, as well as establishing a trustworthyadministration.

The number of poor people in Malaysia is still high withmore than 136,000 households in the hardcore poor category and over 308,000 inthe poor category as of July 2022.

Anwar said, besides that, in efforts to restore and generatethe economy, the government will encourage and fully support local industriesthat contribute to growth and attract foreign investments to ensure thewellbeing of the people in line with the core Madani concept./.
VNA

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