Malaysia's Prime Minister Najib Razak said Tuesday that the government needs to ensure that the country's capital market remains competitive and has the depth and breadth required to continue to drive economic and national growth agenda.
He said in order to achieve this, the government has announced five new measures, including the formation of a new foundation to address any growth gaps in the market, with a specific focus on SME growth, and measures to churn out high-skilled workforce.
"Going forward, I am determined to put our capital market in the best possible position to continue to drive Malaysia's economic growth and to put us a step ahead of the rest," Najib said.
On Monday, he announced 21 new projects worth MYR 20.46 billion "to boost Malaysia's Gross National Income by MYR 4.59 billion and create 39,918 jobs."
"Global economic headwinds are still uncertain and now, more than ever, we must keep to our true north, to focus on the key engines of growth in the economy, and to be competitive globally," the prime minister said yesterday.
by RTT Staff Writer
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