Malaysia Needs to Strengthen Market Fundamentals to Remain Competitive
Minister of Finance II, Datuk Seri Amir Hamzah Azizan, emphasized that Malaysia must take proactive steps to strengthen the country's market fundamentals. He stated that this effort is the key to ensuring that Malaysia's economy remains competitive on the global stage in the future.
According to him, merely adopting new technology is not enough to drive sustainable economic growth. Instead, the country needs to focus on improving existing market structural foundations to make them more robust and stable.
Among the main focuses emphasized is the need to increase efficiency across various economic sectors. By boosting productivity and reducing bureaucratic red tape, Malaysia can attract more quality investments that will benefit the people.
Furthermore, access to capital must also be expanded to support local businesses. This step aims to ensure that companies in Malaysia have sufficient financial resources to grow and innovate in an increasingly challenging market.
In conclusion, strengthening market fundamentals is a crucial long-term strategy for Malaysia. With a combination of modern technology and an efficient market system, Malaysia is expected to be able to achieve more inclusive and resilient economic growth.