Malaysia will continue to focus on managing external challenges and the ramifications facing its economy this year, said Minister of International Trade and Industry (MITI) Zafrul Aziz.
Malaysian Minister of International Trade and Industry Zafrul Aziz on January 5 affirmed that the Southeast Asian nation will continue implementing contents of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11% if the government does not implement subsidies for essential items like fuel.
Malaysia’s Finance Minister Zafrul Aziz has recently revealed that the country’s government debt amounted to 1.045 trillion RM (234.4 billion USD) or 63.8% of its gross domestic product (GDP), but does not include the contingent liabilities of entities such as 1Malaysia Development Bhd (1MDB), its subsidiaries, SRC International Sdn Bhd and Suria Strategic Energy Resources Sdn Bhd (SSER).
Malaysia’s total debt, including offshore and other borrowings, amounts to 879.6 billion RM (213.7 billion USD), equivalent to 62 percent of the gross domestic product (GDP), according to Finance Minister Zafrul Aziz.
Singapore’s Finance Minister Heng Swee Keat and his Malaysian counterpart Tengku Zafrul Aziz on May 19 discussed economic recovery measures via a video conference as COVID-19 restrictions are gradually eased.
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