“The risk of the Federal Reserves tightening, as well as China’s slowing economy, will weigh on the growth in emerging markets and developing economies. “Hence, Malaysia is at a crossroads, with a pressing need to spur both recovery and reform,” Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said during the official opening of new HSBC Malaysia head office in the country’s international financial centre at Tun Razak Exchange (TRX).
KUALA LUMPUR: There is a pressing need for Malaysia to attract high quality investments and become a key regional investment hub in efforts to spur the country’s economic recovery and reform initiatives amid the uncertainties led by Covid-19 pandemic, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He noted that the country would not be spared by uncertainties from the ongoing Covid-19 pandemic, prolonged supply bottlenecks and the Russia-Ukraine conflict.
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