M’sia in good stead to weather economy


PETALING JAYA: Malaysia’s ability to weather the economic uncertainty through various means, including recalibrating the 2016 Budget, shows its leadership capacity, former second finance minister Nor Mohamed Yakcop said.

He said the government took the right action to take the country out of a crisis and the 2016 Budget revision was a step in the right direction.

Nor Mohamed said he was confident that the Finance Ministry, and the International Trade and Industry Ministry were keeping tabs on the economic situation.

“Whenever there is a need, I’m sure they (related ministries) will come out with appropriate measures,” he told reporters on the sidelines of the launch of his book entitled “Pushing Boundaries (Stories from the Putrajaya Years)”, here today.

The book dwells on lessons learned during Nor Mohamed’s tenure as second finance minister (May 2000-May 2013) that could prove useful to the nation as it faces the challenging economic scenario.

Summing up his Putrajaya years, Nor Mohamed said it was important to think out of the box; never let the perfect be the enemy of the good; use existing channels and infrastructure as much as possible; be flexible; always consider the long-term effects; and to understand that institution building was essential.

The book is a collection of institutional memories of Putrajaya years and carries articles contributed by distinguished personalities, chief executive officers of government-linked companies and top civil servants.