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PM Anwar Unveils Plan To Reset Economic Trajectory

MYR

Malaysian PM Anwar has unveiled a plan to reset the economy's growth trajectory whilst boosting incomes and participation of women in the workforce. The key goals are for Malaysia to be among the top 30 global economies in the next 10 years and improve its human development index ranking to the top 25.

  • Anwar's plan outlined a goal to reduce the fiscal gap to 3% of GDP and boost economic growth to 6% in the short term. The government expects Malaysia to grow at 4%-5% in 2023.
  • Also included in the plan is that adults earning below MYR100k will get MYR100 e-cash credits, digitalisation will be boosted with a MYR100mn grant and MYR100mn will be set aside for infrastructure. More here.

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