Malaysia on ‘excellent’ track to recovery, says PM

Malaysia on ‘excellent’ track to recovery, says PM

Prime Minister Ismail Sabri Yaakob says this is shown by the record high RM123.8 billion in export value and more than 130,000 jobs being created.

Ismail Sabri Yaakob said unemployment fell to 4.2% in December 2021 from 4.3% in the month before, after more economic and social sectors reopened. (Bernama pic)
KUALA LUMPUR:
Various indicators have shown that the country is on an “excellent” track towards recovery from the health and economic crises that began two years ago, Prime Minister Ismail Sabri Yaakob said today.

For example, he said, Malaysia’s export value surpassed the RM100 billion mark to hit a new record of RM123.8 billion recently, which was a 29.2% year-on-year growth.

“The American Malaysian Chamber of Commerce (Amcham) has confirmed that based on its 2020/21 Economic Impact Survey, US firms invested RM165.73 billion and created more than 130,000 job opportunities, 90% of which were filled by locals.

“In addition, the international trade and industry ministry (Miti) approved projects worth RM109.1 billion within the first 100 days of my administration to increase foreign investment in the manufacturing sector, with the projected creation of 25,000 jobs,” he said in a Facebook post today.

According to Ismail, unemployment fell to 4.2% in December 2021 compared with 4.3% in the preceding month following the reopening of more economic and social sectors.

“The latest project by the Kedah Rubber City is expected to attract RM10 billion in investments. Committed investments have reached RM4 billion to date.”

He added that the JaminKerja Keluarga Malaysia initiative will also provide 600,000 job opportunities through an allocation of RM4.8 billion.

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