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Malaysia’s economy to continue doing well in 2H17

Malaysia’s economy to continue doing well in 2H17

KUALA LUMPUR: International Trade and Industry Minister Datuk Seri Mustapa Mohamed expects Malaysia’s economy to continue to do well in the second half of 2017. He said the country’s economy has performed well in the first half in terms of growth in investments, corporate performance and exports. “Look at the banks, they are very healthy,” he told reporters after inaugurating Top Glove Global Doctors Medical & Dental Clinic today. The minister, however, noted that there are still issues regarding unemployment among the youth. “Overall, at the macro level, there is a low rate of unemployment in Malaysia,” he said.

Commenting on the call for re-education to produce knowledge-based technicians, Mustapa said it is an ongoing process as the country had been doing this all the while. “Of course now we have to step up and ramp up the practices. We have been talking with inclusive industries such as the Federation of Malaysian Manufacturers and we have to make sure our system is moving in line with the current development. “There are issues but we have to be quick to make necessary adjustments in a short period of time,” he said.