Although Malaysia is facing all sorts of challenges, the economy is still strong and is on the right track.
Despite the tough global economic conditions, the country is doing well able to provide for the rakyat.
Why is the economy strong?
Why is the economy on track?
Let us take a look.
Government has done the right thing
The economy is either good or bad.
When the economy is bad, it is the responsibility of the government to make the economy good again.
That is the responsibility of the government and our government under Datuk Seri Najib has done well.
Under the leadership of Prime Minister Datuk Seri Najib Razak, our economy is on the right track as the government has done the right thing by implementing the right measures to stimulate the economy.
Economy on track
Prime Minister Datuk Seri Najib Razak said that the economy is on track despite the headwinds in the oil and gas sector.
The New Straits Times reported on May 7 that the economy is expected to grow between 4.3 and 4.8 percent this year compared to 4.2 percent last year.
The positive outlook was due to healthy domestic demand and companies continue to do business and invest.
Exports reached the highest ever in March
Malaysia’s exports totalled RM80 billion in March.
This is the highest ever for Malaysia and this shows that the economy is still healthy and on track for growth.
The International Trade and Industry Ministry said strong demand came from all over the world for our products such as smart televsions, palm oil and chemicals.
Bank Negara Malaysia also says our economy is on track
Bank Negara Malaysia Governor Datuk Seri Muhammad Ibrahim also said that our economy is on track for growth and is expected to grow between 4.5 and 4.8 percent in 2017.
This is also due to the strong exports as well active spending by the rakyat and companies doing business as well as investing with each other.
Speaking to reporters in Labuan on April 28, he also said that the ringgit is also expected to stabilise and will not weaken that much in the next few months.
This is a good development for the country and the rakyat as it shows that our economy is getting better.
Investors returning to Malaysia
Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said the country’s total trade has increased by 20 percent to RM270.6 billion for the first two months of this year compared to RM214.9 billion in the same period last year.
The Star reported on April 28 that the country’s increased trade represents our strong fundamentals and this also shows investors’ confidence is returning.
This shows that our economy is on the right track and is expected to bounce to get even better next year.
Datuk Seri Najib looking for new markets
Datuk Seri Najib Tun Razak is always working hard doing his best to look for a wider global market to boost trade.
Recently, the Prime Minister led a delegation to India for an official visit to boost ties.
The King of Saudi Arabia also came to Malaysia to enhance trade relationship as well as trade mission delegates from Bahrain and Qatar also visited Malaysia.
This shows that the government is working very hard to attract investors to come and buy our products and this will increase our income.
The Rakyat and our companies help make the economy strong
Our economy is strong because the rakyat continue to make the domestic economy active by spending which makes our economy strong.
The rakyat plays a big part in making our economy strong and on the right track as it is the rakyat who spends the money at shopping malls, go eat with their families at restaurants or go on holidays.
Our companies also help make the economy strong by continuing to do business in Malaysia as well as invest in business projects all over the country.
All these activities make our economy strong and on track to become positive this year.