Malaysia aims for economic resilience over efficiency amid global uncertainties, says Tengku Zafrul

Malaysia is shifting its economic focus from efficiency to resilience, surpassing growth forecasts amid global uncertainty, according to the Malaysian Investment Development Authority.

Key fiscal reforms have strengthened Malaysia's public finances, with an emphasis on balancing economic reform with safeguarding the vulnerable.

Investment and trade developments need to create high-value jobs, boost productivity, and integrate local businesses into global supply chains for young Malaysians.

KUALA LUMPUR, Oct 3 — Malaysia’s economic focus has shifted from pursuing efficiency to building greater resilience as the country continues to outperform growth forecasts despite global uncertainty, the Malaysian Investment Development Authority (Mida) said.

Mida chairman Datuk Seri Tengku Zafrul Abdul Aziz said economic leadership also meant preparing Malaysia to seize clear opportunities while remaining resilient to unpredictable shocks.

He said key fiscal reforms, including fuel subsidy rationalisation and the Fiscal Responsibility Act, had strengthened Malaysia’s public finances.

“But economic reform must be matched by compassion; we must safeguard the vulnerable while building national capacity.

“We must proactively lift incomes by ensuring wages rise alongside productivity, creating higher-paying jobs and boosting entrepreneurship,” he said in his special leadership address at the Youth Economic Forum here today.

The former Investment, Trade and Industry Minister said trade routes were being redrawn while artificial intelligence (AI) was both empowering and disrupting the workforce, reshaping jobs that had once provided young people with their first foothold in a career.

Tengku Zafrul said Malaysia’s young population could become an economic dividend only if it translated into higher productivity, innovation, high-value jobs and new businesses.

“As record investment flows into our region and our country, we must keep asking: what does this investment create for Malaysians? How many high-income jobs? How many young engineers with new skills? How many small and medium-sized enterprises plugged into global supply chains?

“Capital should build stronger firms, and technology should build better skills,” he added. — Bernama

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马来西亚投资发展局表示，马来西亚正将其经济重点从效率转向韧性，在全球不确定性加剧的情况下，其增长超过了预期。

关键的财政改革加强了马来西亚的公共财政，重点是在经济改革和保护弱势群体之间取得平衡。

投资和贸易发展需要为马来西亚年轻人创造高价值就业机会，提高生产力，并将本地企业融入全球供应链。

吉隆坡，10 月 3 日——马来西亚投资发展局 (MIDA) 表示，尽管全球形势不明朗，但马来西亚的经济表现持续优于预期，该国的经济重点已从追求效率转向增强韧性。

Mida主席Datuk Seri Tengku Zafrul Abdul Aziz表示，经济领导力还意味着马来西亚做好准备，抓住明显的机会，同时保持对不可预测的冲击的弹性。

他表示，包括燃油补贴合理化和《财政责任法》在内的关键财政改革，加强了马来西亚的公共财政。

“但是，经济改革必须与人道主义相辅相成；我们必须在建设国家能力的同时保护弱势群体。

“我们必须积极主动地提高收入，确保工资与生产力同步增长，创造高薪就业机会，并促进创业精神，”他在今天于此地举行的青年经济论坛上发表的特别领导讲话中说道。

这位前投资、贸易和工业部长表示，贸易路线正在被重新规划，而人工智能 (AI) 既赋予了劳动力力量，也颠覆了劳动力市场，重塑了曾经为年轻人提供职业生涯第一个立足点的就业岗位。

东姑扎夫鲁表示，马来西亚的年轻人口只有转化为更高的生产力、创新、高价值就业岗位和新企业，才能成为经济红利。

“随着创纪录的投资涌入我们地区和我们国家，我们必须不断追问：这些投资为马来西亚人创造了什么？多少高收入就业岗位？多少掌握新技能的年轻工程师？多少融入全球供应链的中小型企业？”

他补充说：“资本应该造就更强大的企业，技术应该培养更优秀的技能。”——马新社

安华呼吁马来西亚青年掌握人工智能和新技术，以推动经济增长。

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端伊布拉欣表示，由于事先已有安排，伊斯兰党领导人未能出席哈斯玛博士的葬礼。