Selangor Journal
A view of the city skyline in Kuala Lumpur. — Picture by PEXELS

Risk-taking necessary for Malaysia to forge new economic future — minister

KUALA LUMPUR, Jan 7 — Malaysia must be willing to take calculated risks in forging a new economic future, especially in the digital and green economies, to make investment and trade the key drivers of economic growth, said Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

This is one of the focus points for his ministry (Miti) this year, which also includes properly executing the national plans.

“2024 is an important year to build on the foundations we have laid,” he said on social media today.

Another point of focus is to stay the course no matter how hard the challenges.

“I keep reminding myself, we must consistently explain to the rakyat why we do what we do and how it benefits the public in the long run,” Tengku Zafrul said.

Looking back at 2023, it was an important year for Miti in forging a more resilient, inclusive and sustainable economic future for Malaysia on all fronts — invest

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (left) and Prime Minister Datuk Seri Anwar Ibrahim during a press conference after concluding their one-day work visit to Nanning, China on September 17, 2023. — Picture via X/TENGKU ZAFRUL

ment, trade, and industries.

“The most sustainable outcomes will always take time to execute but, like it or not, external changes will happen.

“Ergo, we must make sure Malaysia’s industry is ready sooner rather than later and Miti is staying the course,” he said.

To this, Malaysians must adopt “moonshot thinking”, an attitude which pushes individuals to firmly believe in achieving something seemingly impossible, like radical solutions using disruptive technology and approaches to solve seemingly insurmountable problems.

“My professional New Year’s resolution is to help more Malaysians feel this way and give them reasons to do so.

“Ultimately, the goal is to strengthen Malaysia’s economic future, where our youths have jobs with decent wages and our companies are profitable,” Tengku Zafrul added.

— Bernama

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