In his address, Ismail Sabri expressed the hope that this year’s celebration will be meaningful, as many families have been forced to remain apart due to travel restrictions.
“Based on the reopening of more than 90% of commercial sectors and most social activities, the Malaysian economy is on the right route toward recovery,” he stated.
“High vaccination rates aided the recovery, with practically the entire population having been immunized. With the recovery in full swing, the gross domestic product is expected to expand at a rate of 5.5 percent to 6.5 percent in 2022.”
The media were given access to the text of his speech.
Ismail Sabri went on to say that the economy is growing at a rate of 6.0 percent, as predicted by the International Monetary Fund, and 5.8 percent by the World Bank.
The growing Budget 2022, valued RM332.1 billion, and the normalisation of economic and social activities, he added, will be the key drivers of growth.
“The restart of high-multiplier projects, as well as robust external demand, particularly from key trade partners, encouraged economic development.”
“All of this is in keeping with the government’s goal in the 12th Malaysia Plan, which is to reach high-income status by 2025 through a variety of programs,” he said.
To avoid the spread of the coronavirus, he further warned the public to always follow normal operating practices.
In the previous week, the number of new Covid-19 cases in Malaysia has fluctuated between 5,000 and 6,000.
Booster Covid-19 vaccination doses are presently being distributed around the country, with children aged five to twelve receiving their first shots in February.
Celebrating 40 years of diplomatic ties, China and the United Arab Emirates (UAE) are poised to fortify an alliance that…
Fans of the worldwide sensation Squid Game have much to look forward to this December as the show's producer, Hwang…
Especially when it's the internationally known British rock band Coldplay linking up with K-pop phenomenon TWICE, few events match the…
Tucked on a 12-story structure in northeast China, visitors flock to get a rare view of the junction of their…
HBO's Game of Thrones has created a void in the fantasy world of television that no other show has quite…
Head of the Senate Committee on Foreign Relations, Senator Imee Marcos underlined the need of the Philippines getting ready for…
This website uses cookies.
Read More