Malaysia on path to sustainable growth, says Finance Ministry

Speaking at an investor’s conference, Malaysia’s Finance Minister reaffirmed the government’s commitment to sustainable economic growth.

MALAYSIA – Speaking at the ‘Malaysia: A New Dawn’ investor’s conference, Finance Minister Lim Guan Eng spoke on the government’s commitment to fostering sustained economic growth across Malaysia.

“Malaysia remains among the growing economies in the world today. We are confident that with fiscal consolidation and responsible management of our finances, Malaysia will be on a stronger and more sustainable growth path.”

– Lim Guan Eng, Finance Minister

Eng remained steadfast in his cheery outlook, even amidst the cancellation of “one or two unsustainable mega-projects,” as reported by The Star Online. The Minister went on to directly address any concerns some might have with news of project cancellation.

“I want to say that although there are some cancellations, it is not as big as has been magnified in the media.”

– Lim Guan Eng, Finance Minister

While attention is being paid to Malaysia’s fiscal deficit, any cost-cutting endeavours are meant to free up resources being used inefficiently and not in an attempt to avoid bankruptcy, according to Eng.

“Given our natural resources, strong professional workforce and highly sophisticated capital markets, the time to invest in Malaysia is now. I am excited for what the new Malaysia’s continuing growth story holds for her people, as well as for current and future investors.”

– Lim Guan Eng, Finance Minister

The one-day conference, attended by over 1,200 prospective investors from a litany of countries, featured a keynote address from Prime Minister Tun Dr Mahathir Mohamad and was hosted by the Finance Ministry.

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