Spread the news

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz in Parliament, July 26, 2021. — Bernama pic
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz in Parliament, July 26, 2021. — Bernama pic

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

KUALA LUMPUR, July 28 — Malaysia’s economic fundamentals are still strong and its growth prospect for the medium term is still bright, supported by a stable capital market, while the financial sector has ample liquidity and capital buffer, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

He said among the issues raised by the Members of Parliament during the Special Parliament Meeting were whether the investors’ confidence was affected following the Covid-19 pandemic in the country.

“A brief answer, no. Foreign investor confidence (is) still intact on Malaysia’s economic recovery prospects. Last month, international rating agencies such as Standard & Poor’s and Moody’s Investors Service gave ratings of A- and A3 respectively to Malaysia,” he said in the 63rd Implementation and Coordination Unit Between National Agencies (Laksana) report today.

Last week, Fitch Ratings also maintained Malaysia’s rating at BBB+.

“Such ratings are not given simply, especially not for a country that is considered a ‘failed’ state. Historically, the level of foreign direct investment (FDI) and business environment in the country remains stable amid the current political landscape.

“For instance, the government transition was done peacefully and orderly in 2018, while despite the political polemics in 2020, Budget 2021 was approved by the Parliament,” he said. — Bernama

Click to rate this post!
[Total: 0 Average: 0]

Spread the news
CONTACT US : support@melodyinter.com
Previous articleKelantan Sultan will not attend opening ceremony of state assembly sitting due to Covid-19 situation, says speaker
Next articleRed Cross sends a ‘Get Well Soon’ tweet after Sen Dick Gordon tests positive for Covid-19


  1. You are so cool! I don’t believe I have read something like that before.
    So wonderful to discover another person with a few original thoughts on this issue.
    Seriously.. thank you for starting this up. This website is
    something that is required on the web, someone with
    a bit of originality!

    My blog post; massage therapists


Please enter your comment!
Please enter your name here