Tengku Zafrul: Miti to ensure investments, exports continue to support 2023 GDP growth target

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Tengku Zafrul: Miti to ensure investments, exports continue to support 2023 GDP growth target
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KUALA LUMPUR, June 12 — The Ministry of Investment, Trade and Industry (Miti) will ensure that investments and exports continue to support the 2023 Gross Domestic Product (GDP)...

KUALA LUMPUR, June 12 — The Ministry of Investment, Trade and Industry will ensure that investments and exports continue to support the 2023 Gross Domestic Product growth target of 4.0 to 5.0 per cent.

“As investments and exports are key components of our GDP, the government is, therefore, confident of achieving our GDP growth forecast for 2023, supported by Malaysia’s strong economic fundamentals and the implementation of Budget 2023 measures through Miti’s agencies,” he said in his speech during the launch of the EXIM Go-Export Financing Programme here today.

“First, we are looking at ways to help our industries and small and medium enterprises tech up to future-proof themselves and build resilience. Secondly, he said, the NIMP2030 is also looking to safeguard economic resilience and inclusivity by, among others, developing a more strategic supply chain, strengthening industrial clusters and empowering halal agro-processing.“Third, our SMEs will also be nurtured for resilience by our policy push to achieve Malaysia’s net zero targets by 2050.

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