Nation's economy growing well with US$2bil in bonds bought recently, says Anwar


KUALA LUMPUR:The country's economy has shown great growth with US$2bil (RM7.9bil) in Malaysian bonds bought recently, says Prime Minister Datuk Seri Anwar Ibrahim.

He said Malaysia’s economy was on the uptick, with record levels of investments.

"A war in the Middle East is sending tremors through global markets, driving energy prices up and pushing capital out of some markets.

"Yet in recent weeks, global funds bought over two billion dollars in Malaysian bonds, the highest inflow in 10 months," he said in his speech before launching the Defence Services Asia (DSA) and National Security (Natsec) Asia 2026 exhibitions on Monday (April 20).

Anwar said the ringgit has been Asia’s best-performing currency for two consecutive years.

"Our economy grew 5.2% last year while we also attracted record levels of investment, driven by manufacturing, semiconductors and aerospace," he added.

The Prime Minister said that this was because of the commitment to policy reforms and sustained engagements with companies and fund managers.

"They have seen a government that follows through on what it commits to. They have seen an economy that held its ground while conditions around it deteriorated.

"And they have seen something that Malaysians ourselves do not say often enough; that this country makes things the world genuinely depends on," he said.

He took note of companies participating in the exhibtions involved in the defence sectors, namely those in the aerospace industry, and semiconductor plants testing and packing chips for defence and security systems.

"One Malaysian-owned company holds Tier 1 supplier status with a leading global aero-engine manufacturer, producing here in Malaysia components that only a small number of countries are trusted to make.

"The culture of precision and accountability that satisfies the most exacting commercial buyers does not change at the boundary between civil and defence aerospace.

"In the vast majority of platforms, it involves the same discipline, applied by the same people, in the same facilities," he said.

 

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