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Malaysia must take risk in forging new economic future

Malaysia must take risk in forging new economic future

07 Jan 2024

Malaysia must be willing to take calculated risks in forging a new economic future for Malaysia, especially in the digital and green economies, to make investment and trade the key drivers of economic growth, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said.

He said this is one of the points being focused on by the Investment, Trade and Industry Ministry (Miti) this year, which also includes properly executing the national plans.

“2024 is an important year to build on the foundations we have laid,” he said on his social media account today.

He said that another point of focus is to stay the course no matter how hard the challenges.

“I keep reminding myself, we must consistently explain to the rakyat why we do what we do and how it benefits the public in the long run,” he said.

Tengku Zafrul said looking back at 2023, it was an important year for Miti in forging a more resilient, inclusive and sustainable economic future for Malaysia on all fronts – investment, trade and industries.

“The most sustainable outcomes will always take time to execute but, like it or not, external changes will happen.

“Ergo, we must make sure Malaysia’s industry is ready sooner rather than later and Miti is staying the course,” he said.

He said Malaysians must adopt “moonshot thinking”, an attitude that pushes individuals to firmly believe in achieving something seemingly impossible, such as radical solutions using disruptive technology and approaches to solve seemingly insurmountable problems.

“My professional New Year’s resolution is to help more Malaysians feel this way and give them reasons to do so.

“Ultimately, the goal is to strengthen Malaysia’s economic future, where our youths have jobs with decent wages and our companies are profitable,” he added.

Source: Bernama