Malaysia Economic Summit 2022 News Clips
14 Jun 2022, The Edge Markets
Malaysia's labour, productivity data misleading, says economist
KUALA LUMPUR (June 14): There is a need for Malaysia to recognise the fact that the labour data, and a great deal of the productivity data, are actually quite misleading in order to grasp the actual economic situation, said economist Dr Jomo Kwame Sundaram. He said in the middle of last decade, using telecommunication data, it was estimated that there were about 6.7 million foreign workers in Malaysia. “Looking at the labour data during the period, there were about 15 million people in the Malaysian labour force of whom 13 million were citizens while about 2.2 million were foreigners. In other words, there were about 4.5 million who were not even recorded as foreign workers in this country,” Dr Jomo said during a session “Accelerating Structural Transformation, Driving Economic Growth” at the Malaysia Economic Summit 2022 here on Tuesday (June 14).
Read More
14 Jun 2022, The Star
Recovery on the horizon for Malaysian economy but challenges remain: Wahid Omar
KUALA LUMPUR: Despite being fortified by sound economic fundamentals and the economy is on its way to a recovery after turning the corner against the pandemic, Malaysia must be clear-eyed about the challenges on the horizon. Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said there were a number of factors to be optimistic about the country’s growth outlook and most importantly, it was transitioning to the endemic phase with the relaxation of pandemic control measures and reopening of international borders. "The endemic phase is likely to contribute to the revival of Malaysia’s tourism industry which supports 3.5 million jobs. "The high vaccination rate with close to 80 per cent of the population being vaccinated with two doses is another important factor. This compares favourably against ASEAN’s rate of 60 per cent,” he said in his welcoming remarks at the Malaysian Economic Summit 2022 organised by the KSI Strategic Institute for Asia Pacific here today.
Read More
14 Jun 2022, MalaysiaKini
副财长主张加速农业结构转型，冀取得三大利好
财政部副部长莫哈末沙哈指出，大马必须推动农业加速结构转型，因为更高农业生产力能带来三大利好，即粮食可持续、更具生产力的人力资源及更高效使用土地与水源。 他强调，农业转型依旧是经济多元化、工业化及人类进步的催化剂，对家庭收入、就业和社区福祉带来影响。 “政府在规划、实施、管理及监督所有计划、发展和政策的机制方面做更多准备，为未来做好准备。” 他今日在吉隆坡为2022年马来西亚经济峰会发表演词时，这么说。
Read More
14 Jun 2022, Nanyang
副财长:带来三大利好 须加速推动农业转型
（吉隆坡14日讯）财政部第一副部长莫哈末沙哈指出，我国必须推动农业加速结构转型，因为更高农业生产力将带来三大利好，即粮食可持续、更具生产力的人力资源及更高效使用土地与水源。 他强调，农业转型依旧是经济多元化、工业化及人类进步的催化剂，对家庭收入、就业和社区福祉带来影响。 “政府在规划、实施、管理及监督所有计划、发展和政策的机制方面做更多准备，为未来做好准备。” 他今日在2022年马来西亚经济峰会发表演词时，这么说。
Read More
14 Jun 2022, SinChew
副财长：须加速推动转型 高农产力三大利好
（吉隆坡14日讯）财政部副部长拿督莫哈末沙哈指出，我国必须推动农 业加速结构转型，因为更高农业生产力将带来三大利好，即粮食可持 续、更具生产力的人力资源及更高效使用土地与水源。 《马新社》报道，副部长强调，农业转型依旧是经济多元化、工业化及 人类进步的催化剂，对家庭收入、就业和社区福祉带来影响。 “政府在规划、实施、管理及监督所有计划、发展和政策的机制方面做 更多准备，为未来做好准备。 ” 他今日在2022年马来西亚经济峰会发表演词时，这么说。
Read More
14 Jun 2022, MalaysiaKini
三分二移工没记录，佐摩直言大马劳工数据不可靠
政治经济学家佐摩直言，马来西亚的劳工和移工数据不可靠，以致政府未能真正掌握实况。 他今日出席2022年马来西亚经济峰会的一场论坛时指出，大马政府的移工数据与电讯公司的估算有着很大的出入。
Read More
14 Jun 2022, Bernama
副财长：推动农业转型带来三大利好
（吉隆坡14日马新社讯）财政部副部长拿督莫哈末沙哈指出，我国必须推动农业加速结构转型，因为更高农业生产力将带来三大利好，即粮食可持续、更具生产力的 人力资源及更高效使用土地与水源。 他强调，农业转型依旧是经济多元化、工业化及人类进步的催化剂，对家庭收入、就业和社区福祉带来影响。 “政府在规划、实施、管理及监督所有计划、发展和政策的机制方面做更多准备，为未来做好准备。” 他今日在2022年马来西亚经济峰会发表演词时，这么说。
Read More
14 Jun 2022, Free Malaysia Today
Resolve ‘catalogue’ of issues holding economy back, govt told
PETALING JAYA: An economist has advised the government to catalogue issues that cause bottlenecks in economic growth, affecting economic resilience, competitiveness and productivity, saying this would help to prioritise issues that must be addressed urgently. Among the pressing issues were foreign workers, digitalisation, education, infrastructure, inflation, and the supply chain. Shankaran Nambiar, a senior research fellow at the Malaysian Institute of Economic Research (MIER), said the catalogue was important because Malaysia was currently facing multiple challenges concurrently. He cited the Covid-19 health crisis, food security and stagflation, among others, as examples of these challenges.
Read More
14 Jun 2022, Kwong Wah
受政治不稳定严重影响 阿都华希：令投资者却步
内忧外患影响大马经济复苏，大马股票交易所主席丹斯里阿都华希奥马坦言，我国政治不稳定，已严重影响市场情绪。 阿都华希奥马表示，我国自2020年喜来登政变以来，政治便趋于不稳定，令许多投资者却步。 "许多人心中都有疑问 ’下一届全国大选什么时候举行？‘。 但是，至今都没有明确迹象表明即将举行大选。“ ”这个问题严重影响市场情绪。“
Read More
14 Jun 2022, The Malaysian Insight
Govt to grow agricultural sector for sustained food security
THE government will foster the agricultural sector to increase productivity to deliver the triple dividends of sustained food security, more productive human resources, and more efficient use of land and water. Deputy Finance Minister I Mohd Shahar Abdullah said the government needs to promote and nurture key sectors such as agriculture, in which a large number of people are engaged. “Agricultural transformation remains a catalytic driver of economic diversification, industrialisation and human progress through its impact on household incomes, employment and the well-being of the communities,” he said in his keynote address at the Malaysia Economic Summit 2022 with the theme “Accelerating Structural Transformation, Driving Economic Growth” in Kuala Lumpur today.
Read More
14 Jun 2022, GuangMing
高農業生產帶三大利好 副財長：須加速結構轉型
（吉隆坡14日訊）財政部副部長拿督莫哈末沙哈說，我國須推動農業加速結構轉型，因為更高農業生產力將帶來三大利好，即糧食可持續、更具生產力的人力資源及更高效使用土地與水源。 《馬新社》報導，他在2022年馬來西亞經濟峰會發表演詞時提及，農業轉型仍是經濟多元化、工業化及人類進步的催化劑，對家庭收入、就業和社區福祉帶來影響。 他提到，政府在規劃、實施、管理及監督所有計劃、發展和政策的機制方面做出更多準備，為未來做好準備。
Read More
14 Jun 2022, Bernama
Govt to foster agriculture sector to expedite structural transformation
KUALA LUMPUR, June 14 (Bernama) -- The government will foster the agriculture sector as one of its strategic actions to expedite structural transformation, as higher agricultural productivity will deliver triple dividends, namely sustained food security, more productive human resources, and more efficient use of land and water. Deputy Finance Minister I Datuk Mohd Shahar Abdullah said the government needs to promote sectors that have comparative advantages and nurture key sectors like agriculture, in which a large number of people are engaged. “Agricultural transformation remains a catalytic driver of economic diversification, industrialisation and human progress through its impact on household incomes, employment and the well-being of the communities,” he said in his keynote address at the Malaysia Economic Summit 2022 themed “Accelerating Structural Transformation, Driving Economic Growth” here today
Read More
14 Jun 2022, Kwong Wah
本地人仍拒绝 3d 工作 副财长：企业可供体面薪资吸引
莫哈末沙哈建议，企业为雇员提供体面薪资，借以吸引本地人从事困难、危险及肮脏和较不受欢迎 工作。 本地人仍拒绝“3D工作”？财政部副部长拿督莫哈末沙哈建议，企业为雇员提供体面薪资，借以吸引 本地人从事困难、危险及肮脏和较不受欢迎工作。 他指出，企业须奉行爱国主义精神，优先考虑本地人才填补职缺，不能长期依赖外籍劳工。 “因此，雇主受促为员工提供体面的薪资，借以吸引更多本地人才，从事那些较不受欢迎和困难 （difficult）、危险（dangerous）及肮脏（dirty）的‘3D工作’。”
Read More
14 Jun 2022, The Malaysian Reserve
More push for agricultural sector to improve food security
The government will foster the agricultural sector as one of its strategic actions to accelerate structural transformation, as higher agricultural productivity would deliver triple dividends which are sustained food security, more productive human resources, and more efficient use of land and water. Deputy Finance Minister I Mohd Shahar Abdullah (picture) said the government must promote sectors that have comparative advantages and nurture key sectors like agriculture in which the majority of the population is engaged in. “Agricultural transformation remains a catalytic driver of economic diversification, industrialisation and human progress through its impact on household incomes, employment and wellbeing of the communities,” he said in his keynote address at the Malaysia Economic Summit 2022 themed “Accelerating Structural Transformation, Driving Economic Growth” in Kuala Lumpur today.
Read More
14 Jun 2022, Bernama
Economists urge govt to consider alternative measures to ensure economic recovery
KUALA LUMPUR, June 14 (Bernama) -- Economists are urging the government to consider alternative measures to ensure economic recovery. Former deputy director-general (Macro), Economic Planning Unit, Prime Minister’s Department, Datuk K. Yogeesvaran said the current precarious situation has resulted in higher inflation, which disproportionately affects those with lower incomes. He explained that the introduction of subsidies is a short-term measure that would temporarily resolve the issue, so a more constructive measure must be taken to combat inflation. “When we discuss subsidies and targeted groups, we are already working on targeted subsidies, and there are a number of options on the table,” he said during a session held in conjunction with the Malaysia Economic Summit 2022, themed “Accelerating Structural Transformation, Driving Economic Growth”, here, today
Read More
14 Jun 2022, Bernama
Malaysia's labour, productivity data misleading - Economist
KUALA LUMPUR, June 14 (Bernama) -- There is a need for Malaysia to recognise the fact that the labour data, and a great deal of the productivity data, are actually quite misleading in order to grasp the actual economic situation, said economist Dr Jomo Kwame Sundaram. He said in the middle of last decade, using telecommunication data, it was estimated that there were about 6.7 million foreign workers in Malaysia. “Looking at the labour data during the period, there were about 15 million people in the Malaysian labour force of whom 13 million were citizens while about 2.2 million were foreigners. In other words, there were about 4.5 million who were not even recorded as foreign workers in this country,” Dr Jomo said during a session “Accelerating Structural Transformation, Driving Economic Growth” at the Malaysia Economic Summit 2022 here today.
Read More
14 Jun 2022, New Straits Times
Recovery on the horizon for Malaysian economy but challenges remain- Wahid Omar
KUALA LUMPUR: Despite being fortified by sound economic fundamentals and the economy is on its way to a recovery after turning the corner against the pandemic, Malaysia must be clear-eyed about the challenges on the horizon. Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said there were a number of factors to be optimistic about the country's growth outlook and most importantly, it was transitioning to the endemic phase with the relaxation of pandemic control measures and reopening of international borders. "The endemic phase is likely to contribute to the revival of Malaysia's tourism industry which supports 3.5 million jobs. "The high vaccination rate with close to 80 per cent of the population being vaccinated with two doses is another important factor. This compares favourably against ASEAN's rate of 60 per cent," he said in his welcoming remarks at the Malaysian Economic Summit 2022 organised by the KSI Strategic Institute for Asia Pacific here today.
Read More
14 Jun 2022, The Edge Markets
Recovery on the horizon for Malaysian economy but challenges remain, says Bursa chairman
KUALA LUMPUR (June 14): Despite being fortified by sound economic fundamentals and that the economy is on its way to a recovery after turning the corner against the Covid-19 pandemic, Malaysia must be clear-eyed about the challenges on the horizon. Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said there are a number of factors to be optimistic about the country’s growth outlook and most importantly, it is transitioning to the endemic phase with the relaxation of pandemic control measures and the reopening of international borders. “The endemic phase is likely to contribute to the revival of Malaysia’s tourism industry, which supports 3.5 million jobs. “The high vaccination rate with close to 80% of the population being vaccinated with two doses is another important factor. This compares favourably against ASEAN’s [average] rate of 60%,” he said in his welcoming remarks at the Malaysian Economic Summit 2022 organised by the KSI Strategic Institute for Asia Pacific here on Tuesday (June 14).
Read More
14 Jun 2022, TV3
News Coverage from TV3
Coverage of MES2022 in Bizworld TV3 starts from 01:05
Read More
14 Jun 2022, Astro Awani
Ekonomi Malaysia menuju ke arah pemulihan tetapi cabaran tetap ada - Abdul Wahid
KUALA LUMPUR: Walaupun diperkukuh oleh asas ekonomi yang kukuh dan ekonomi sedang menuju ke arah pemulihan selepas melalui tempoh paling sukar berikutan pandemik, Malaysia perlu jelas mengenai cabaran yang bakal dihadapi. Pengerusi Bursa Malaysia Tan Sri Abdul Wahid Omar berkata terdapat beberapa faktor untuk optimis mengenai prospek pertumbuhan negara dan yang paling penting, ia sedang beralih kepada fasa endemik
Read More
14 Jun 2022, MalaysiaKini
Economist: Let public grow veggies, rear cattle to tackle food crisis
An economist today suggested the government reintroduce former prime minister Abdul Razak Hussein's Green Book Programme to address the country’s food crisis. Speaking at a forum this afternoon, Manokaran Mottain said the programme, also known as Rancangan Buku Hijau, will allow ordinary citizens to do farming without many restrictions and will help the poor generate extra income.
Read More
14 Jun 2022, MalaysiaKini
Malaysia has misleading labour statistics - economist
The country has misleading data on labour and foreign workers, according to economist Jomo Kwame Sundaram, warning that it has led to failure in having a serious grasp of issues. Speaking at a forum this morning, he pointed out a disparity between Malaysia's statistics for foreign labour with telecommunication companies' estimates.
Read More
14 Jun 2022, The Malaysian Reserve
Malaysia needs political stability for economic recovery
THE political instability which has led to the implementation of fluctuating and inconsistent policies will complicate Malaysia’s efforts to revive the economy. Former Deputy DG (Macro), Economic Planning Unit, Prime Minister’s Department, Datuk K Yogeesvaran (picture) said political stability is very important as it guarantees an integrated and consistent policymaking. “This is a big issue that needs to be addressed. If we do not have political stability, we will fail to achieve recovery. Political stability has to do with unity and consistency. “If the policy is constantly changing every day or every week, we will not experience recovery. “Therefore, political stability will lead to a consistent and integrated policymaking which is very important for the country,” he said during a panel session at the Malaysia Economic Summit 2022 themed “Accelerating Structural Transformation, Driving Economic Growth” in Kuala Lumpur on Tuesday.