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.
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.
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.
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.