Deputy finance minister optimistic about Malaysia's economic growth

Deputy Minister of Finance Lim Hui Ying is confident that our country’s economic activity is expected to continue improving this year, considering that the overnight policy rate (OPR) is held steady at 3%.

Lim pointed out that data indicates our country’s unemployment rate has decreased, returning to pre-pandemic levels.

“Our economy will continue to improve, with local industries sustaining sustainability, including tourism,” she said, reported China Press.

“The Prime Minister will ensure that investment projects in both the private and public sectors proceed smoothly. Additionally, initiatives under various national plans will support investment activities,” Lim said, claiming that the Prime Minister has repeatedly urged citizens to support local products and opt for domestic tourism, reducing overseas travel.

Lim pointed out this yesterday when attending the establishment of two DAP Malay branches in the Hulu Selangor constituency

She also said that the prime minister will make sure that investment projects in both private and public sectors proceed smoothly, also, initiatives under various national plans will support investment activities.

She believes that with several investment projects coming to our country, more job opportunities will be created, and through higher wages and controlling inflation, people’s lives will improve.

After the third Monetary Policy Committee (MPC) meeting this year, the Central Bank of Malaysia announced that it would keep the overnight policy rate (OPR) at 3%, as expected by the market.

The last time the Central Bank of Malaysia raised interest rates was on May 3 last year, when rates were raised by 0.25 percentage points from 2.75% to 3%.

Hui Ying foresees Pang’s victory

On another note, Lim is confident that Pakatan Harapan candidate Pang Sock Tao can win the trust of voters and be elected as the new assemblywoman of Kuala Kubu Bharu.

She also repeatedly urges the New Kuala Kubu Bharu residents who are working abroad to return to vote on election day, rather than just expressing support online.

DAP Pang Sock Tao, will compete as Pakatan Harapan’s candidate in the Kuala Kubu Baharu (KKB) by-election set for May 11th.

The by-election follows the death of three-term incumbent Lee Kee Hiong from the DAP.

KKB has 40,226 registered voters, including 625 police and 238 military personnel and their spouses.

Other contenders are Khairul Azhari Saut from Bersatu, Hafızah Zainuddin from Parti Rakyat Malaysia (PRM), and Nyau Ke Xin, an Independent candidate.