Tengku Zafrul: Govt drafts national strategy, establishes NGCC to strengthen economy


Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. — RAJA FAISAL HISHAN/The Star

KUALA LUMPUR: The government is drafting a robust national strategy to face any eventualities, including the establishment of the National Geoeconomic Command Centre (NGCC), said  Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

"This important initiative will monitor tariffs, sanctions, and supply chain risks while coordinating responses across ministries and sectors.

"Our focus is to find smart solutions and build credibility as a neutral key trading partner for all major powers,” he said in a post on social media platform X today.

Tengku Zafrul said that a meeting chaired by Prime Minister Datuk Seri Anwar Ibrahim today showed the government's commitment to strengthening the country’s economic resilience.

In a separate post, Anwar said Malaysia needs to accelerate the exploration and application of artificial intelligence (AI) by encouraging innovation and adopting a cross-ministry and agency comprehensively.

He said this was among the issues discussed in the meeting he chaired today, regarding the AI Technology Strategy and digital assets, which have the potential to foster more sustainable economic growth for the country. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz
Ringgit opens higher vs dollar amid uncertainties in West Asia
FBM KLCI holds at 1,700 as oil supply fears cast cloud over global economy
Singapore Q2 GDP up 5.7% y-o-y, preliminary data shows, just above�expectations
Trading ideas: SimeProp, Milux, Maxland, Kim Teck, Velesto, Aneka, Perak, Vinvest, Tanco, Techna-X, AZRB, AirAsia, Bursa, PRG, KSL
Oil surges, stocks slip and bond yields rise as Gulf conflict flares up again
United Asiapac secures IPO underwriting
Malakoff earnings to normalise on TBP restart
PETRONAS enters seven-year LNG pact
Consumer spending to strengthen

Others Also Read