PM Anwar Urges Strengthening of Domestic Economy to Counter Global Challenges

By Loshinniy Nair S. Baskaran,

Kuala Lumpur, 18th August – Prime Minister Anwar Ibrahim emphasized the importance of bolstering Malaysia’s domestic economy to better navigate global economic challenges. He noted that strengthening the local economy is essential for ensuring the country’s resilience in the face of external pressures.

Anwar highlighted the need for Malaysia to be less dependent on external factors, which can be unpredictable and volatile. He pointed out that by enhancing local industries, improving infrastructure, and fostering innovation, Malaysia can create a more robust economic foundation.

The Prime Minister also stressed the significance of addressing internal weaknesses, such as corruption and inefficiency, which can hinder economic progress. Anwar’s administration is focused on implementing policies that promote sustainable growth, equitable distribution of wealth, and increased economic opportunities for all Malaysians.

He believes that with a strong domestic economy, Malaysia will be better positioned to face global uncertainties and maintain its economic stability.

The Prime Minister’s remarks underscore his commitment to ensuring that Malaysia remains competitive and resilient in the global economy by focusing on strengthening its domestic economic base, as stated in Malaymail.