Kuala Lumpur (VNA) - The Malaysian economy is on the right track and will continue to grow, despite facing the risk of a recession in the US, Finance Minister II Amir Hamzah Azizan said on August 6.
Talking to reporters after officiating the Retirement Fund Inc.'s (KWAP) Inspire 2024 Conference, Amir Hamzah said the projection by the Department of Statistics Malaysia that the country's economy would grow by 5.0% in the first half of 2024 is at the highest level compared to the Ministry of Finance's expectation of 4.0%- 5.0%.
That is why the ringgit has strengthened, not only because the US wants to cut interest rates but also because of the good policies developed by the government.
On the same day, Malaysian Prime Minister Anwar Ibrahim urged all civil servants to provide far better service to the people in line with the salary adjustment to be announced by the government.
Emphasising this point at the launch of the Malaysia MADANI Civil Servants’ Housing programme in Bandar Sri Permaisuri, Anwar said the method and details of the salary adjustment will be announced, with some details to be revealed this month.
The mechanism for adjusting civil servants’ salaries will be announced by Anwar on August 16./.
