MELAKA: The country’s economic growth must translate into higher incomes, quality employment opportunities and a reduction in the burden of living costs so that its benefits are truly felt by the people, says PKR central leadership council member Datuk Seri Fahmi Fadzil.
He said although Malaysia recorded economic growth of 6% in the second quarter of 2026 and its highest-ever approved investments of RM426.7bil in 2025, the focus of the next phase of the economy must ensure prosperity reaches the grassroots.
“Malaysia’s economic success cannot stop at gross domestic product (GDP) figures.
“GDP must translate into jobs, investments must translate into income, productivity must translate into wages, and government savings must translate into benefits for the people,” he said.
Fahmi said this at the PKR national congress here yesterday, Bernama reported.
He also said that the 6% growth in the second quarter was an improvement from 5.4% in the first quarter.
Approved investments totalling RM92.8bil in the first three months of this year involved 1,249 projects which were expected to create more than 50,000 jobs, he said.
He also noted that the unemployment rate remained at 3%, while inflation stood at 1.9% as of June 2026.
The federal fiscal deficit also improved, falling from 4.1% in 2024 to 3.7% last year, Fahmi added.
He said the political stability enjoyed today must be leveraged to implement bold reforms for the people.
“We want stability that produces change. We want growth that produces prosperity. We want reforms that are felt by the people,” he said.
The motion contains 12 resolutions, including aligning wages with living costs and productivity through the Progressive Wage Policy, fairer subsidy targeting such as Budi95 and Sara, and greater economic empowerment of women and youth.
It also calls for rural development focused on income generation, tougher anti-corruption measures as well as the strengthening of strategic institutions such as Tabung Haji, Felda and Felcra.
