Sustained Policy Continuity Key To Malaysia's Economic Transformation - Nga
KUALA LUMPUR, June 24 (Bernama) -- Sustained policy continuity under the MADANI framework is crucial to ensure ongoing reforms are fully implemented and translated into lasting economic gains, Housing and Local Government Minister Nga Kor Ming said.
He said consistency in governance and reform direction is critical in maintaining investor confidence and ensuring Malaysia remains competitive, resilient and well-positioned for future growth.
“A second-term mandate would provide the government with the stability and continuity needed to further deepen structural reforms, strengthen institutional capacity, and fully realise long-term economic transformation plans that are already underway,” he said in a statement after a fireside chat organised by the Kuala Lumpur Business Club yesterday.
The session, themed “Future Cities, Future Growth: How MADANI Reforms Are Reshaping Malaysia’s Urban Economy”, brought together business leaders and stakeholders to discuss Malaysia’s economic transformation and long-term development direction.
Nga said the MADANI government, led by Prime Minister Datuk Seri Anwar Ibrahim, has consistently delivered measurable progress through reforms in governance, economic management and international engagement.
“These efforts have strengthened investor confidence, improved economic resilience, and elevated Malaysia’s global standing,” he noted.
Nga highlighted several key achievements, including Malaysia’s emergence as a preferred investment destination, supported by clear policies, strong fundamentals and political stability, as well as a resilient trade performance amid global economic uncertainties.
Other achievements include improvements in Malaysia’s Corruption Perceptions Index (CPI) ranking, stronger international credit ratings reflecting greater fiscal credibility, and proactive diplomatic engagement that has opened new avenues for investment and cooperation.
Among them are a RM52.73 billion strategic partnership with Turkmenistan and long-term energy collaboration initiatives with Russia.
“These achievements reflect the results of consistent reforms, prudent economic management, and a foreign policy anchored on strategic partnerships and shared prosperity,” Nga added.
-- BERNAMA
