World

Malaysian PM optimistic about economic recovery

Malaysian Prime Minister Mahathir Mohamad has affirmed that the government led by the Pakatan Harapan (PH) alliance is working to re-energise the economy, with the road to recovery now visible.
Malaysian PM optimistic about economic recovery ảnh 1Malaysian Prime Minister Mahathir Mohamad speaks at the event (Photo: VNA)

KualaLumpur (VNA) – Malaysian Prime Minister Mahathir Mohamad has affirmed that the government led by the Pakatan Harapan (PH) alliance isworking to re-energise the economy, with the road to recovery nowvisible.

Mahathir madethe statement at the PNB Corporate Summit 2019 themed “Rebooting CorporateMalaysia” on October 30.
The PM saidthat the government has launched crucial reforms to enhance stability,strengthen fiscal management and corporate governance and transparency.

However, hesaid, the government continues to be weighed down by the debt that it wassaddled with by the previous administration, and it will take time to improvethe country’s fiscal situation.

The PM stressedthat the government remains committed to undertaking necessary initiatives toachieve the primary goal of restructuring the economy as one that isprogressive, knowledge-based and empowering to Malaysians.

To achievethis, Mahathir said it is imperative that the private sector takes the lead asa key driver of the economy.

Thegovernment leader also asked Malaysian firms to reboot themselves and integrateinto the changing business environment./.

VNA
#Malaysian Prime Minister Mahathir Mohamad#Vietnamplus#Vietnam News Agency#PNB Corporate Summit 2019#Pakatan Harapan alliance
Follow VietnamPlus

Related News

Malaysia attracts more investment amid trade war: minister

Malaysia attracts more investment amid trade war: minister

Malaysian Finance Minister Lim Guan Eng has said the permanent reorientation of the global supply chain due to the US-China trade war can be a golden opportunity to attract new investment and reverse Malaysia's premature deindustrialisation.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.