Crime threatens Malaysia’s economic recovery

FINANCIAL institutions have projected economic growth for Malaysia in the 2022-2023 period. The Organisation for Economic Cooperation and Development, International Monetary Fund, Bank Negara Malaysia and the Finance Ministry have announced that the country’s GDP will grow between 5.5% and 6.5%.

While key economic indicators are indeed looking at recovery to stable levels, we are disregarding the measure and extent of damage caused by financial crime, which has been aggravated during the Covid-19 pandemic over the last two years.