Qualampur: Economy Minister Datuk Seri Rafizi Ramli said that Malaysia is on track to meet the development target of its 2025 Gross Domestic Product (GDP) to meet the target of its 2025 GDP (GDP) development, with long -run The demand for medium -supporting chip for possibilities is involved.
He said that in the last one year, major hypotheses that are interested in the Malaysian economy are unchanged.
“The world is that the world is going to be more digital and AI is going to be mainstream, not changed. This means that the demand for chips will increase, which will increase Malaysia’s trade. Malaysia’s long -term plan to ensure that Malaysia plays an important role in the global supply chain, either not changed, “he told reporters after the commencement of the joint report by the Ministry of World Bank and the Ministry of Economy that” A Fresh Tech “Title on – – – -up today, inequality and rising dynamics in Malaysia”.
Rafiji said that in the last week, a strong ringite indicates that investors and market participants have a positive attitude on Malaysia’s economy. He said, “This (strong ringit) is very high because the market work is very high due to the developed and developing nature of the business war,” he said.
He explained that the market expectations, speculation and estimates would essentially affect the movement of the ring.
“So, I think we have to navigate some changes and instability. I hope it is not going to the peak, ”Rafiji said, the government is assigned to evaluate the possible impact of the trade war with investment, trade and industry (MITI).
“We will take guidance from Miti on our official trend. So far, there is no discussion on modifying Malaysia’s economic development approach. Typically, the government’s development forecast is finalized and shared close to the budget until harsh events occur, ”Rafiji said.
He said that adjustment and instability would be a permanent feature of the global economy as more economies become impressive in the overall global supply chain.
“We have to go through some adjustment and instability. The question is whether it will be short or moderate period. After all, the market will pay the price in everything, provided our fundamental development story remains strong. And at the moment, I believe that we still have a very strong value proposal for the world, ”he said.
Meanwhile, Rafiji said that carbon capture, utilization and storage bills are expected to be finalized in Parliament in early March, pending final drafting and stakeholder consultation.
“The goal is to sit in this Parliament. We are going through some final format. We are undergoing some reforms based on feedback from stakeholders. The target is to finalize and bring the bill to Parliament in this session. ,
The joint report highlights the importance of construction on progress to ensure that everyone gets benefits. Strengthening access to quality education, healthcare and employment opportunities will be important to ensure that economic prosperity is shared by all.
“To address inequality, we have to be committed to an overall assessment, initial intervention at opportunity intervals and create a dynamic labor market,” Rafiji said.
