PETALING JAYA: Malaysia has regained economic momentum and strengthened its global standing under the Madani framework, says Nga Kor Ming.
The Housing and Local Government Minister said the progress is driven by political stability and bold institutional reforms.
Speaking at the DAP Ipoh Timor Chinese New Year dinner on Saturday (Feb 28), he said reforms under Prime Minister Datuk Seri Anwar Ibrahim had restored investor confidence.
"As a result of political stability and economic reforms, Malaysia has recorded high foreign investments and achieved the highest total trade value in history at RM3.05 trillion," he said.
Nga added that the ringgit had emerged as one of the best-performing currencies in Asia.
He noted the currency strengthened from 4.80 to 3.88 against the US dollar.
"Against the Japanese yen, the ringgit improved from 27 to 39.5 yen, while against the Indonesian rupiah, it strengthened from 3,000 to 4,300," he said.
The DAP deputy chairman said the Madani Government remained committed to institutional reforms.
These include limiting the tenure of the Prime Minister to 10 years and separating the roles of Attorney General and Public Prosecutor.
He said such moves are intended to enhance accountability and integrity within the justice system.
He also highlighted the passage of a constitutional amendment granting equal citizenship rights to children born overseas to Malaysian mothers.
Nga said the global competitiveness ranking of Malaysia had improved significantly, rising from 34th to 23rd place in the World Competitiveness Index.
He noted this made it one of the countries with the highest progress globally.
"These achievements clearly show that Malaysia is now on a strong footing," he said.
He urged Malaysians to maintain the reform momentum.
