PM: Malaysians have renewed confidence in economy, market


  • Business
  • Friday, 16 Feb 2007

PUTRAJAYA: Malaysians are beginning to have renewed confidence in the country's economic performance and the market, Prime Minister Datuk Seri Abdullah Ahmad Badawi said. 

"People who were previously worried about the country's economic future are now having renewed confidence with our economy. There are reports indicating this," he said. 

Among the factors that changed people's perception of the economy was the rising stock market index, strengthening of the country's financial position and the increasing foreign and domestic investments that stood at more than RM40bil, he said. 

Abdullah said this at his first monthly meeting for 2007 with his Internal Security Ministry officials and department heads. 

He said the volume of shares being traded in the market was growing at a positive rate and it was expected to grow further.  

"This encouraging movement of the share market, plus the positive investments and financial standing has renewed people's confidence in our economic development," he said. 

He said armed with the high confidence level the people would now strive to improve and grow their businesses and ventures. 

"As such we have to constantly improve our delivery system. If the current system is good we have to make it better or excellent or exceptional," he reminded the department heads and officials. 

Abdullah, who is also the Internal Security Minister, said that the Government would continue to implement all that it had set out to do for 2007 in the shortest possible time. 

He urged the departments, like the police and others under the ministry, to improve as well and provide a peace and security amidst progress and development. 

Abdullah also took the opportunity to wish the Chinese staff Gong Xi Fa Cai and told the different races to visit their Chinese friends.

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