KUALA LUMPUR: The country’s economy, which grew 4.4 per cent in the second quarter of this year, reflects the effectiveness of the policies implemented by the Madani government.
The Madani Government Backbenchers Club said measures such as increasing the minimum wage and civil servant salaries, as well as direct assistance programmes like Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA), have helped strengthen the purchasing power of the people.
The group added that these initiatives will, in turn, continue to support domestic spending, thereby sustaining the country’s economic momentum.
“Most importantly, inflation remains under control, helping to protect the people’s purchasing power,” it said in a statement.
The club also said that both private and public investment have recorded stronger expansion, reflecting high investor confidence in Malaysia’s economic climate.
“The Ringgit’s increasing strength against the US dollar signals international market confidence in the country’s economic prospects, attributed to proactive financial management by the government.
“Despite challenges such as global trade uncertainties and tariff pressures, the country’s economic fundamentals remain solid.
“The club is confident that, with the successful implementation of the national master plan and structural economic reforms outlined in the 13th Malaysia Plan, Malaysia will remain on track to build a more resilient economy.”
Bank Negara Malaysia yesterday announced that the country’s economy expanded by 4.4 per cent in the second quarter of 2025.
The central bank added that the growth was supported by robust domestic demand and continued export growth.
It noted that household spending rose on the back of a healthy labour market and income-related policy measures, including higher minimum wages and civil servant salaries.
© New Straits Times Press (M) Bhd
