economic fundamentals

Datuk Seri Abdul Rasheed said Malaysia's projected economic growth rate of 4.0-5.0 per cent for this year is also a positive factor.

Datuk Seri Anwar Ibrahim said domestic spending continues to drive the momentum, underpinned by strong economic fundamentals.

Riding on solid economic fundamentals and steady growth thus far in 2022, Malaysia is set to transition from recovery strategies to structural reforms.

The government has no plans to peg the ringgit to the US dollar as such a move is fraught with high risks and a large trade-off, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Strong economic fundamentals and prudent ringgit management are expected to contribute to the strengthening of the ringgit against the US dollar.

The government is confident that the household income target of RM10,000 a month by 2025 can be achieved through various macro strategies introduced to revive and strengthen the economic fundamentals.

The governments effort in ensuring equitable tax treatment has fallen short of expectations as being too modest and lacking the political and bureaucratic mettle required.

Employment is an integral aspect of an economy's macro-economic fundamentals.

Malaysia's economic fundamentals are still strong and its growth prospect for the medium term is still bright.

He said currently, there were negative sentiments insinuating that Malaysia was a failed state.

Bankers had forecast the rebound based on improving commodity prices such as rubber and palm oil, as well as, steady economic fundamentals, he said.

This is to strengthen Malaysia's rating status by international rating agencies, the Minister in the Prime Minister's Department says.

Prime Minister has unveiled the structure and functions of the Special Economic Committee which will consider immediate and medium-term planning to further strengthen Malaysia's economic fundamentals.

The Prime Minister's Office, in a statement, said Malaysia's economic fundamentals remained strong.

Datuk Seri Abdul Wahid Omar said the local banking system is good with the country being on track to achieve a GDP growth of 4.5% and 5.5%.

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