KUALA LUMPUR – Malaysia still needs to address various internal and external challenges for the sake of the people’s welfare and well-being, said Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.
Among the challenges were the uncertainty of the global economic environment, slow productivity growth, limited fiscal opportunities, low workers’ compensation and household income gap, he said.
Hence he said the micro economic strategy during the 11th Malaysia Plan (11MP) period would focus on efforts to strengthen the economic base in ensuring sustainable growth and stimulate investment as a boost to the economy to generate more job opportunities.
“The country will also increase exports to strengthen trade balance, improve fiscal flexibility and encourage productivity enhancement,” he said when tabling the 11MP proposals in Dewan Negara here today.
He said the government was focusing on the people’s welfare in all development aspects although it could not be denied that there was still some people that had yet to benefit fully from the country’s economic prosperity. – BERNAMA