Southeast Asia Information Port (www.dnyxxg.com) – Malaysia's Second Finance Minister, Amir Hamzah Azizan, stated that the country's economy is on the right track.
In a media interview on August 6th, Amir also revealed that according to the Department of Statistics Malaysia (DoSM), the country's economy is projected to grow by 5% in the first half of 2024, while the Ministry of Finance's forecast is 4-5%. He emphasized that this is the reason for the ringgit's strength, not only because of the expected US interest rate cut, but also because of the effective policies implemented by the Malaysian government. Amir believes that the current economy is sending many positive signals.
On the same day, Malaysian Prime Minister and Finance Minister Anwar Ibrahim called on all civil servants to provide better services to the public in accordance with the government's upcoming salary adjustment plan. This is the highest salary increase since Malaysia's independence. He emphasized that civil servants must work hand in hand with the government to develop the country. The adjusted salaries are expected to be announced by Anwar on August 16th.
Anwar Ibrahim announced that Malaysia will assume the ASEAN chairmanship again in 2025, following its terms in 2005 and 2015. The Ministry of Finance will convene a meeting on "ASEAN Financial Development Direction" and four related sessions. (End)
