Malaysia needs sizeable reserves due to volatile commodity prices, says Johari


Minister of Finance II Datuk Johari Abdul Ghani: "Significant decline in oil prices have resulted the government to lose about RM30bil of revenue last year."

"The government has undertaken several strategic initiatives to ensure that the Malaysian economy will continue to prosper.  Consider the push for productivity and innovation driven growth outlined in the 11th Malaysia Plan. 

"It reinforces the need towards greater mechanisation and automation driven by technology and more skilled labour force," he said.

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