Johari: Malaysia’s economy doing well despite uncertainties

Second Finance Minister Johari Abdul Ghani says Angkasa can assist graduates venture into the business world to create the concept of ‘entrepreneurs beget entrepreneurs’.(Twitter pic)

KUALA LUMPUR: The country’s economy is successful despite recent economic uncertainties, said Second Finance Minister Johari Abdul Ghani.

He said despite the economic unpredictability, the country had managed to achieve its key performance indicator targets to develop the economy.

“We managed to secure 5.9% economic growth last year despite facing currency fluctuations and uncertainties in the commodities markets and geopolitics.

“For a country to develop its infrastructure, we need to have the necessary capital and for that we have done well,” Johari told reporters after officiating the Malaysian National Cooperative Movement (Angkasa) Federal Territories’ Conference here today.

Present were Angkasa’s president Abdul Fattah Abdullah and its vice-president Kamarudin Ismail.

Johari was asked to comment on the recent tabling of the National Transformation Programme Annual Report 2017 by Prime Minister Najib Razak.

Earlier, in his speech, Johari told some 300 Angkasa delegates that co-ops played a major role in the development of the country’s economy.

He said Angkasa could assist graduates venture into the business world to create the concept of “entrepreneurs beget entrepreneurs” as the way forward.

“Many graduates today are jobless, The job market is hard. Therefore these graduates could look into the possibility of going into business,” he said.

Johari said in order for the country to continue achieving economic advancement, it must adhere to four principles — political stability, maintain a stable financial system, a good education and a healthy nation.