Madani economic policy proving fruitful, say economists

Free Malaysia Today

They point to a notable increase in foreign direct investments and robust GDP growth.    Read More:  https://www.freemalaysiatoday.com/category/nation/2024/01/23/madani-economic-policy-proving-fruitful-say-economists/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: http://bit.ly/2Rn6xEV Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on Twitter: http://bit.ly/2OCwH8a  Follow FMT on Instagram: https://bit.ly/2OKJbc6 Follow FMT on TikTok : https://bit.ly/3cpbWKK Follow FMT Telegram - https://bit.ly/2VUfOrv Follow FMT LinkedIn - https://bit.ly/3B1e8lN Follow FMT Lifestyle on Instagram: https://bit.ly/39dBDbe ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #MADANI #Government

Transcript

00:00 [Music]

00:01 Prime Minister Anwar Ibrahim's

00:02 Madani economy policy was launched last July.

00:06 Less than one year on, economists say

00:08 the economic framework is starting to yield results.

00:11 Economist Inham Razak of UITM Malacca says

00:14 this is evident in the increased flow of

00:15 Foreign Direct Investments, or FDI, into the country.

00:19 According to figures from CEIC data,

00:21 Malaysia's FDI increased by almost

00:23 RM7.4 billion in September 2023,

00:26 surpassing the growth of RM5.13 billion

00:28 observed in the previous year.

00:30 Inham says he believes the Madani framework's

00:32 strong emphasis on long-term growth plans

00:34 and budgetary management has increased investor confidence.

00:38 He says companies can benefit from the framework's

00:40 long-term goals, like research and development,

00:42 as well as infrastructure development.

00:45 Economist Goh Lim Thai of University Malaya says

00:48 clear goals like getting Malaysia into the top

00:50 30 global economies foster a conducive investment environment,

00:53 but he said efforts must be taken to ensure

00:55 Malaysia's economic growth doesn't taper off.

00:58 Meanwhile, economist Ahmed Razman Abdul Latif

01:00 of the Putraj Business School says

01:02 another indicator of the Madani policy's success

01:05 was the country's positive quarterly GDP growth.

01:08 The country's GDP in the third quarter of this year

01:10 rose 3.3 percent, despite slowing down

01:12 in the second quarter at 2.9 percent.

01:15 The first quarter, however, recorded an expansion of 5.6 percent.

01:19 Ahmed says this growth is in part due to the government's ability

01:22 to execute and ensure that existing policies

01:24 meet their objectives.

01:26 Sam Richwa, FMT News.

01:28 (dramatic music)

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Transcript

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