Muhyiddin predicted that Malaysia’s GDP will increase between 5.5% and 6.5% next year, owing to improved global trade, stable commodity prices, and significant progress in consumer and business confidence after the country’s quick opening up and recovery post-vaccination.
Malaysia On Track For Full Recovery Says Muhyiddin
Tan Sri Muhyiddin Yassin, Chairman of the National Recovery Council, believes that Malaysia is on the right track to full recovery with the swift reopening of the economic and social sectors, as well as ongoing government aid to assist industries and businesses in reopening.
He predicted that Malaysia’s GDP will increase between 5.5% and 6.5% next year, owing to improved global trade, stable commodity prices, and significant progress in consumer and business confidence after the country’s quick opening up and recovery post-vaccination.
In retrospect, the former prime minister emphasised that recovery should include not just returning the country to its pre-pandemic economic and social status, but also generating robust growth that would put Malaysia back on track to reach developed nation status.
In his speech at the 13th Leaders Programme of the Singapore Civil Service, he said “at the same time, we must also continuously improve our health system and digital infrastructure to help the country better manage similar pandemic situation in the future without grave implications on the lives and livelihood of the people.” His office made his speech text accessible to the media.
Muhyiddin said that poverty is another major concern that the Malaysian government must address as soon as possible, citing considerable decreases in family income among the M40 and B40 categories.
In this regard, he hoped that the government would continue to pursue the execution of the Shared Prosperity Vision 2020-2030, which sought to provide a good standard of living for all Malaysians, regardless of race, region, or socioeconomic background.
source - the straits times
Muhyiddin said that it is critical for policymakers to be led by the right advise of civil workers who are the caretakers of such policies.
“When we exercise our powers and authorities as ministers and prime ministers, we must ensure that it is consistent with the policies that we ourselves made.
“So, we must turn to the civil servants as custodians of those policies to seek their advice whether we, in exercising the powers and authorities vested in us, do so in accordance with the policies, laws and rules that are currently in force,” he added.
He said that this is the fundamental premise that all politicians who have been entrusted with governmental powers and authorities must uphold, and that everyone, no matter how powerful they are, is bound by laws, rules, and regulations.