Bank Negara governor calls for structural reforms

“Greater focus should be geared towards enhancing the three pillars, namely, social safety nets, social insurance, and active labour market policies," said Nor Shamsiah. — Bernama

PETALING JAYA: Bank Negara has urged the government to implement key structural reforms to enhance Malaysia’s competitiveness and growth potential.

Governor Tan Sri Nor Shamsiah Mohd Yunus said that reform initiatives will alleviate cost of living concerns, build a buffer against future shocks, and support the country’s transition to a high-income nation.