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.
