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‘Adaptive policies key in Malaysia’s transition to high-income economy’

17 Jun 2025, 1:13 PM
‘Adaptive policies key in Malaysia’s transition to high-income economy’

KUALA LUMPUR, June 17 — Malaysia must be adaptive in its policies, set up strong institutions, and maintain a clear vision of its chosen direction to achieve its goal of becoming a high-income economy, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar said the Madani Economic framework reflects the nation’s high-income economy vision and articulates a dual commitment.

“First, industrial policies should be modernised, focusing on sectoral competitiveness, digital transformation, green growth and value chain upgrading.

“Second, the benefits of economic expansion should be broad-based, particularly for the vulnerable and underserved segments of our society,” he said in his keynote address at the Sasana Symposium 2025 here today.

He added that the Madani reform agenda adopts a whole-of-nation approach as the country prioritises five critical areas, namely fiscal sustainability and governance, subsidy rationalisation, tax reform, human capital upliftment and institutional integrity.

— Bernama

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